Occupy Bernal succeeds in stalling foreclosures
By C.W. Nevius, San Francisco Chronicle, May 5, 2012
An organization founded by a porn performer, a Summer of Love radical, and a guy named Stardust Darkmatterji, is challenging the eviction of homeowners in their Bernal Heights neighborhood. For the past week the group has been staging very polite, but noisy, demonstrations next to the steps of City Hall to disrupt bank auctions.
5 Steps to Buying a Pre-Foreclosure (Short Sale)
By Daren Blomquist, RealtyTrac Vice President, May 7, 2012
The foreclosure process allows for three different bargain-buying opportunities: when the property is in the pre-foreclosure period, typically a short sale; at the public foreclosure auction; or when the property is bank owned, also known as REO. Here’s a quick checklist to follow if you are interested in purchasing a pre-foreclosure (NOD, LIS) property. In the 2012 market, these properties are typically short sales because the homeowners owe more the property is worth. In separate articles we also cover how to buy at the foreclosure auction and how to buy bank owned homes.
Will Principal Write-Offs Increase Foreclosure Discounts?
By Peter G. Miller, April 30, 2012
There's a new plan floating around in Washington to end the foreclosure crisis. The thought is that we can keep more people in their homes if we reduce the size of their mortgage debt.