Posts tagged as:

foreclosure

Good Morning President Obama… Just Sign Here

by Peter Toner San Diego real estate

It’s been a busy first day for the new President and one thing is certain; he’ll continue to have his plate full… especially with new measures from lawmakers. In the recent months before Obama’s swearing in, lawmakers have been working quickly to create solutions to our struggling real estate market. Many of these new measures [...]

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San Diego Home Buyers Start Your Engines

by Peter Toner San Diego real estate

A recent Forbes.com article discussed the current activity in real estate markets, not only in San Diego, but across the country. Yes the trend we’ve all heard seems to hold true for most markets, median home prices are down. What is being seen that’s different from previous months in 2008 is that home sales are creeping up and [...]

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Foreclosure Freeze Extended by Fannie and Freddie

by Peter Toner San Diego real estate

San Diego homeowners have you heard; the foreclosure freeze has been extended an additional three weeks? Fannie Mae and Freddie Mac originally announced the freeze in November of last year. The program was due to expire on January 9th, 2009; but the new end date is set for January 31st, 2009. The extension was done [...]

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Streamlined Loan Modification Program Released by the FHFA

by Peter Toner San Diego real estate

San Diego homeowners are you struggling making your current mortgage payments? If so the following may be good news to your ears…. The Federal Housing Finance Agency (FHFA) along with Hope Now, Fannie Mae and Freddie Mac have launched together a formal plan of attack for mortgage modification. The Streamlined Modification Program, also known as SMP, [...]

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Halt on Foreclosures Announced

by Peter Toner San Diego real estate
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Just “in time for the holidays”… Fannie Mae and Freddie Mac serviced loans on the verge of foreclosures or evictions will be suspended starting November 26th, 2008 through January 9th, 2009. The six week halt is to allow the servicers additional time to create more efficient loan modification programs for their troubled borrowers. Currently there [...]

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Renters Hit by Foreclosure You Have Rights!

by Peter Toner San Diego business
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If you haven’t heard about it… we are not surprised! It took a while to dig deep enough to find the details. This past July California signed into law that tenants living in homes that are foreclosed upon have new rights that must be adhered to before they are evicted from the property. The bank, [...]

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