The Rapid Rise Of “Strategic” Defaults
Defined as those who stop paying their mortgages but remain current on all their non-real-estate debts, Experian and Oliver Wyman estimate nearly a third of all defaults in California were…
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Defined as those who stop paying their mortgages but remain current on all their non-real-estate debts, Experian and Oliver Wyman estimate nearly a third of all defaults in California were…
“…lawmakers defeated a mortgage “cram-down” amendment that would have given federal judges the power to lengthen mortgage terms, cut interest rates and reduce loan balances for homeowners in bankruptcy court.”…
While the bank owned 501 Beale #1D remains active and available, the bank owned #6C just hit the market. A South Beach comp at $806,000 in June 2006, the Watermark…
From a plugged-in tipster in 2007: “The existing ground floor windows got a good wash yesterday and are now adorned with the news that Luxury Homes are coming soon starting…
As expected, with $233,784,407 owed on the property, 333 Bush Street was taken back by lender Brookfield Properties. The building was bought for $281 million in 2007. Also as reported…
A plugged-in reader reports (and we hadn’t): Just an FYI (and you may have already covered this), the is scheduled to prohibit confidential sale prices in the MLS starting January…
In case you missed it nine days ago when a plugged-in sleepiguy first noted it was in contract, or yesterday when a plugged-in reader noted the staggers removing their furniture,…
Purchased for a recorded $584,000 six months ago, and which appears to have included a year of pre-paid HOA dues worth $7,482 (“Hoa paid thru 6/2010”), 631 Folsom #6E returned…
“Wells Fargo has forgiven an average of $46,000 in principal, or 15 percent, for the 43,500 option-ARM loans it has modified this year through September, said Franklin Codel, chief financial…
With respect to 1332 Wright Loop, a plugged-in reader reports: I know the previous renters and have been in the house several times. It has amazing views, but even more…