Category Archives: Distressed properties

RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012

Posted on June 18, 2013 by Bob Phillips

Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11.

However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings. Continue reading →

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Posted in California real estate, Distressed properties, Foreclosures, Housing Analysis, Orange County California real estate, REOs ( Bank owned properties.), South Orange County California | Tagged , , | Leave a comment

Faster Short Sales? It’s Possible!

Posted on April 11, 2013 by Bob Phillips

Former Wachovia & World Savings Loans Faster Short Sale Program!!                                Thinking of doing a short sale? Was your original mortgage with World Savings or Wachovia? … Continue reading →

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Posted in Bob Phillips, California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home Selling, Loan modifications, Mortgage Principal Reductions, Orange County California real estate, Short sales, South Orange County California | Leave a comment

Don’t Get Fooled By Tricky Terms When Purchasing Real Estate

Posted on April 5, 2013 by Bob Phillips

When looking to buy or sell real estate, confusing terminology can leave you feeling confused.

From a multitude of numbers to marketing jargon, property listings can provide you with an overwhelming amount of information — and it’s hard to know what’s important. Continue reading →

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Posted in California real estate, Distressed properties, Existing Home Sales, Foreclosures, Home buying, Home Selling, Orange County California real estate, Real Estate Definitions, Real Estate Tips | Tagged , , | Leave a comment

28,000 Orange County Homeowners Are No Longer Underwater

Posted on March 24, 2013 by Bob Phillips

28,000 Orange County Homeowners Are No Longer Underwater By Jeff Collins of the Orange County Register, March 19th, 2013 “Rising home values pushed nearly 28,000 Orange County homeowners “above water” last year, meaning their homes no longer are worth less … Continue reading →

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Posted in Bob Phillips, California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home Selling, Home Values, Loan modifications, Mortgage Principal Reductions, Mortgage Rates, Orange County California real estate, Refinance, Short sales | Leave a comment

Boomerang buyers making a comeback

Posted on February 28, 2013 by Bob Phillips

Boomerang buyers making a comeback  By JEFF COLLINS / ORANGE COUNTY REGISTER Andreea Stucker thought she made a good investment when she bought a Huntington Beach condo with her boyfriend in December 2005. But then she and her boyfriend split up. … Continue reading →

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Posted in California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home buying, Home Selling, Loan modifications, Mortgage Principal Reductions, Orange County California real estate, Refinance, Short sales, South Orange County California | Leave a comment

3 Common Myths About Real Estate Short Sales

Posted on February 21, 2013 by Bob Phillips

Many people don’t have a clear understanding of the purpose of short sales or how they actually work. Continue reading →

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Posted in Bob Phillips, California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home Selling, Loan modifications, Orange County California real estate, Short sales, South Orange County California | Tagged , , | Leave a comment

Obama Urges Passage of New Refinance Bill

Posted on February 13, 2013 by Bob Phillips

Obama Urges Passage of New Refinance Bill By Colin Robertson from TheTruthAboutMortgage.com,  February 13, 2013 “If you happened to catch last night’s State of the Union speech, you may have noticed (between the incessant clapping) President Obama’s mention of a bill that … Continue reading →

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Posted in California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Household Finances, Loan modifications, Mortgage Rates, Orange County California real estate, Personal Finance, Refinance | Leave a comment

Foreclosures Prevented with 850K Mods, 422K Short Sales in 2012

Posted on February 12, 2013 by Bob Phillips

Foreclosures Prevented with 850K Mods, 422K Short Sales in 2012 From Esther Cho, of DSNews.com, 2/11/2013 For all of 2012, servicers completed more than 850,000 loan modifications, while the industry also continued to push for another foreclosure alternative—short sales, according … Continue reading →

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Posted in California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home Selling, Loan modifications, Orange County California real estate, REOs ( Bank owned properties.), Short sales | Leave a comment

Getting a Mortgage After a Short Sale

Posted on February 7, 2013 by Bob Phillips

Getting a Mortgage After a Short Sale Colin Robertson February 6, 2013  from theTruthAboutMortgage.com Over the past several years, scores of homeowners have elected to ditch their unmanageable mortgages via short sales to avoid foreclosure. In fact, it’s estimated that roughly 370,000 short sales closed … Continue reading →

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Posted in CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Orange County California real estate, Short sales | Leave a comment

Big money betting big on housing

Posted on February 7, 2013 by Bob Phillips

Big money betting big on housing By Maureen Farrell @CNNMoneyInvest February 4, 2013 The latest sign of a housing boom: investors are clamoring to buy up homebuilding stocks, homes, and undeveloped land. NEW YORK (CNNMoney) Investors are betting big on the housing … Continue reading →

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Posted in California real estate, Consumer Confidence, Distressed properties, Existing Home Sales, Home buying, Home Leasing, Home Renting, Mortgage Rates, Orange County California real estate | Leave a comment