Ask Real Estate Attorney Ted Greene

Short Sale and Distressed Property Expert

Short Sales are Finally a Short Sale

Short Sale Bill To Help Halt Foreclosures

A proposed bill, AB 1745, will prevent lenders from pursuing a foreclosure simultaneously while an approved short sale is active.

Currently, there are lenders who will keep the foreclosure process active, side by side with a short sale. Foreclosure and bill collecting departments will call the borrowers, demanding pay, and daunt them with the foreclosure date. There have also been situations where during a short sale process, if the foreclosure date nears, the lender will automatically foreclose on the property. Many times, the problem is that different departments don’t communicate with each other; the foreclosure department will keep foreclosing, while the short sale department will keep on pursuing a short sale. Read the rest of this entry »

Foreclosures Come Back to Life!

I Know They Think They are Helping – But They Aren’t

The saying: “ With friends like that who needs enemies” comes to mind. We all can agree that banks are the main culprit in our current housing mess. I would also add Wall Street and lax governmental oversight into the mix. But when Washington tries to solve a clear problem the pendulum swings way too far sometimes and now is the sometimes. Read the rest of this entry »

Don’t be Fooled by the Headlines – It’s Still BAD Out There

I really don’t like being negative a person. My normal character is to look at things from a glass is half full perspective. Unfortunately the recent report I just read leaves me no choice but to be negative. 

The bad news was from Fitch Ratings as reported in the Daily Real Estate News. Overall Fitch Ratings said it “remains cautious” in its outlook on home values. The report explained that the recent uptick in pricing was due to technical factors rather than “fundamentals”. Read the rest of this entry »

The Mortgage Debt Forgiveness Relief Act is Extended for One Year

Sacramento Bankruptcy Attorney

Sacramento Bankruptcy Attorney

Sacramento Bankruptcy Attorney. Information about bankruptcy, bankruptcy offers you a way to get back into financial stability, if you have creditors harassing you or you
are over loaded on Credit Card Debt go to http://tedgreenelaw.com/bk Think of bankruptcy as your chance to start over! If you have file before you know is not an easy process and having the right attorney makes all the difference on the world
http://www.youtube.com/watch?v=PrU_ytrLSlk

Should I Walk Away from My Mortgage?

S.B. 931 Bans Deficiency on First Mortgages After a Short Sale

Short Sale Deficiencies on First Mortgages No More Deficiency Judgment