Eminent domain as a foreclosure fix
Eminent domain as a foreclosure fix
Los Angeles Times Editorial, July 9, 2012
Property values have fallen so sharply in San Bernardino County that nearly half of the homeowners with mortgages owe more than their houses are worth. Hoping to aid at least some of those "underwater" borrowers, the county is considering a novel plan to use venture-capital dollars to buy and refinance their mortgages. The plan's authors say that homeowners would end up with less debt and the county and its financial backers would make a profit — all without the taxpayers spending a penny. The losers? Supporters say there would be none. We're not so sure.
How Do Homeowners Avoid Foreclosure?
By Daren Blomquist, RealtyTrac Vice President, July 9, 2012
Every month I have the pleasure of hosting a Foreclosure Buying 101 Webinar with RealtyTrac website demo for new and prospective RealtyTrac members. The most enlightening portion of the webinar for me is the Q&A at the end. We always get great questions from the attendees that keep me on my toes. And I’m sure that for almost every attendee who asks a question there are hundreds of other folks who have the same question, so I’m going to address some questions from recent webinars in a series of posts. The first question I’ll address was from a webinar on May 3, 2012: What options do homeowners have to avoid foreclosure after they start the foreclosure process?
Fallen ‘Angelo’ of the Real Estate World
By Joel Cone, Staff Writer, July 6, 2012
He was bigger than life…and he was an industry superstar.