California foreclosures set to surge

A California city is set to become the first in the nation to embark on an experiment of Universal Basic Income, paying 100 residents $500 a month without any conditions. The program’s purpose.

When homeowners default on their mortgages and enter foreclosure, costs related to this situation begin to add up quickly. With several missed mortgage payments in a row, a lender’s foreclosure.

Fannie Mae closes 2015 risk-sharing program with latest deal with insurers Short Sale Fraud Fears Grow as HAFA Gets Set to Pop Contents Helped hard-hit states Associates list. lenders list click real estate ownership Auto industry legend Short Sale Fraud Fears Grow as HAFA Gets Set to Pop More buyers means happier.. AG settlement starts the clock on short sales.

On Tuesday, the california assembly passed the “student borrower bill of Rights,” or AB376, aimed at creating the first detailed set of rules protecting those. three times the number who lost homes.

san leandro, ca There’s been a new surge in foreclosures in California. According to RealTytrac, which keeps tabs on foreclosures, default notices, auctions and bank repossessions, activity shot. East King County’s largest affordable housing program ARCH lost dozens of homes over the years because of a clause buried in its contracts that is triggered in the event of a foreclosure.

More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace. Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on.

Housing Bubble 2.0 - Luxury Home Losers - California Inventory Wave Surges California uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.

The California foreclosure process can last up to 200 days or longer. Day 1 is when a payment is missed; your loan is officially in default around day 90. After 180 days, you’ll receive a notice of trustee sale. About 20 days later, your bank can then set the auction. Many foreclosures go beyond 200 days.

For more information, click to read Tenant’s Rights and Duties After Foreclosure and Evicting a Tenant After Foreclosure. If the property you bought is occupied by the former owner (the person who defaulted on the mortgage and lost the house to foreclosure), you must use the "formal" eviction process. (NRS 40.255(1).)

FL homeowners flock to principal reduction program The hardest hit principal Reduction program reopens today at 9 a.m. for Florida homeowners upside down on their mortgage but current on payments. The program offers up to $50,000 to pay down mortgage debt, but is doled out on a first-come, first-served basis and there is about $248 million left in the coffers.

 · Surge in illegal California pot shops undercuts legal market. Last month, the Los angeles city attorney’s office charged 142 people as part of a crackdown on illegal dispensaries. It also sent cease-and-desist letters but declined to say how many. los angeles county boasts the nation’s largest sheriff’s department,

Fannie Mae unveils new forbearance program for unemployed Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default. With unemployment forbearance, the servicer reduces or suspends monthly payments for a specified period for a borrower who is unemployed..