California Home Sales and Prices Inch Up
California Home Sales and Prices Inch Up
October 16, 2009, Los Angeles Times
California's housing market showed more signs of recovery in September, as the median sales price rose nearly 1 percent from August, to $251,000, a real estate research firm reported Thursday. The number of homes sold in California also was up last month 1 percent from August. A total of 40,216 homes were bought in California in September, roughly the same number as the same month last year, according to San Diego-based MDA DataQuick.
Service Lets Homeowners Get Jump on Lien Jumpers
October 16, 2009, Washington Post
First American Core Logic, a company that sells lien-monitoring services and automated appraisal information to lenders, is offering similar services to homeowners at no charge. Its ePropertyWatch Monitoring Service allows users to set up a password-protected account and receive e-mail updates reporting recent home sales, foreclosures and, most important, the registration of any changes to public records reflecting your ownership of the home. Such changes could include liens or deed transfers filed without you knowing about it.
That's Right: No Income Means No Loan Modification
October 16, 2009, Orange County Register
Here's a quote from John Courson, president of the Mortgage Bankers Association: “You can't modify someone if they don't have income or a job. We have to be realistic going forward. If we are going to play a numbers game, we are going to see a smaller percentage of borrowers in default able to be modified. It's an unfortunate and difficult fact we are going to have to face.”