Home For Sale: 41 N Puente Dr, Mountain House, CA

Home For Sale: 41 N Puente Dr, Mountain House, CA

Comments

Post a Comment

Popular posts from this blog

LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED

LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units. Any purported waiver of this rule shall be void and against public policy. Although a lender cannot require a borrower to pay any additional compensation in exchange for a short sale approval, the new law does not prohibit a borrower from voluntarily offering a monetary contribution to a lender in hopes of obtaining a short sale. A lende...
Read more

GSEs complete more than 1.6 million foreclosure-prevention actions

GSEs complete more than 1.6 million foreclosure-prevention actions Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, have completed more than 1.6 million foreclosure-prevention actions since the beginning of conservatorship in the fourth quarter of 2008, with more than half of the actions resulting in loan modifications, according to the Federal Housing Finance Agency’s First Quarter 2011 Foreclosure Prevention & Refinance Report. According to the report, loan modifications declined for the third consecutive quarter, but resulted in larger payment reductions for more homeowners. Additional findings of the report include the following: Total completed foreclosure-prevention actions declined in the first quarter to 171,531 from 208,416 in the previous quarter, primarily driven by decreases in loan modifications and repayment plans. The GSEs’ completed loan modifications decreased to 86,201 from 119,778 during the first quarter. The cumulative total o...
Read more

California Housing Production Continues to Climb in May, CBIA Announces

SACRAMENTO – California housing production rose sharply in May and posted the highest monthly permit total for the year on the strength of the multifamily sector, the California Building Industry Association announced today. According to statistics compiled by the Construction Industry Research Board (CIRB), permits were pulled for 4,630 total housing units in May, up 42 percent from the same month a year ago and up 28 percent from April. Permits for single-family homes totaled 1,908, down 7 percent from May 2010 and down 6 percent from the previous month, while multifamily permits totaled 2,722, up 124 percent from a year ago and up 71 percent from April. For the first five months of the year, permits were pulled for 18,120 total units, up 6 percent when compared to the first five months of 2010 when 17,050 permits were issued. Permits for single-family homes were down 17 percent while permits for multifamily units were up 45 percent. Mike Winn, CBIA’s President and CEO, said th...
Read more