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31 July 2009
Lender Questions-My Interview with Dean Wong at First Capital Mortgage
It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes Read More...
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15 April 2009
March California Foreclosure Report
Notices of Default , the first step in the foreclosure process , reached a record level – nearly 26 percent higher than the previous historic peak in April 2008. Notices of Trustee sale , which set the auction date and time, rose 82.3 percent from Read More...
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13 February 2009
Auction Opportunities and Foreclosure Numbers
Auction investment opportunities continue to increase. January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction, not only from the prior month, but year over year as well. Even Read More...
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22 November 2008
Pre-Listings Now Available...BUY NOW before they hit the MLS!!!
I now have access to "Pre-Lisitings" at my Office. These are not Auction Properties, but rather Bank Owned Homes that are about to be posted on the MLS . You can put in offers now BEFORE ANYONE ELSE!!! Areas:Compton,Inglewood,Los Angeles Please Read More...
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20 November 2008
Foreclosure sales dropped by 39.1
Foreclosure sales dropped by 39.1 percent from the prior month, due to significant increases in cancellations and postponements. Under California law, scheduled foreclosure sales can be postponed for a period of up to one year, until they are either cancelled Read More...
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13 October 2008
Preforeclosure volumes to drop in CA due to SB1137
On July 8, 2008, California Governor Schwarzenegger signed Senate Bill 1137 into law. Commonly known as the Mortgage Relief or Foreclosure Reform Bill, it addresses a variety of issues in an attempt to mend the current foreclosure “crisis”. Read More...
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13 October 2008
September California Foreclosure Report
New foreclosure activity plunges, California State Senate Bill 1137 takes effect, dramatically impacting foreclosure filings. Notice of Default filings, which indicate the start of the foreclosure process, fell 61.8 percent in September due primarily Read More...
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