In the News

Ooh La La, Radio GaGa – Local Broker Discusses Real Estate Market on the Radio

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Broadpoint Properties Real Estate Broker, Melissa Zavala, recently participated in a radio interview where she answered questions about loan modifications and short sales. With so many different government and non-government short sale and modification programs available to distressed borrowers, it is important to get the skinny and/or hear the real deal about what’s going on [...]

February 17, 2011 CONTINUE READING THIS POST →

Clarification of Wells Fargo Short Sale Procedures

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  O-ho the Wells Fargo Wagon is a-comin’ down the street, Oh please let it be for me! O-ho the Wells Fargo Wagon is a-comin’ down the street, I wish, I wish I knew what it could be!   Is there anyone out there reading this post that remembers this song? Back in the early [...]

December 10, 2010 CONTINUE READING THIS POST →

Another California Program to Help Struggling Homeowners

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It appears as if California has another new program available for struggling homeowners. Effective just three weeks ago on November 1, 2010 (or so they claim), California began to offer yet another program for homeowners who are underwater or who are having trouble making ends meet. Some people may be curious why California? I’m sure [...]

November 22, 2010 CONTINUE READING THIS POST →

Senate Bill 931 Approved in California

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Senate Bill 931 Approved in California On September 30, 2010, Governor Schwarzenegger signed off and approved Senate Bill 931. Here is a brief review of Senate Bill 931: Effective January 1, 2011, a mortgage lender who holds a first trust deed cannot obtain a deficiency judgment against the seller after a short sale. If the [...]

October 8, 2010 CONTINUE READING THIS POST →

Foreclosures Halted at Bank of America

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The world is going bananas. And… the sh^& is really hitting the fan. Foreclosures are now being halted by Bank of America in all fifty states according to reports in both the Wall Street Journal and dsnews. If you have not been following all of this foreclosure and pre-foreclosure drama over the last few days, [...]

October 8, 2010 CONTINUE READING THIS POST →

Title Insurance Companies Will Not Issue Insurance on REOs

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Title Insurance Companies Will Not Issue Insurance on REOs Over the last several days, JP Morgan Chase, GMAC, and Bank of America have halted judicial foreclosures in 23 states because of the need to verify their validity. As a result of this, one of the largest title companies in the nation has stopped insuring titles [...]

October 5, 2010 CONTINUE READING THIS POST →

Major Lending Institutions Halt Judicial Foreclosures

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Major Lending Institutions Halt Judicial Foreclosures This is a follow up to a recent blog post in which we reported that foreclosures are being halted in 23 states across the nation. Just last week, GMAC halted foreclosures due to the fact that their validity may not have been verified. Shortly thereafter, JP Morgan Chase and [...]

October 5, 2010 CONTINUE READING THIS POST →

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