Temecula and Murrieta Real Estate

Home Loan Liability May Last For Years After Default #fb

by Tom Wysocki March 23, 2010 Foreclosure

There was a great article in the past few days in the Sacramento Bee (and reprinted in RISMedia) regarding the extended liability homeowners face long after they have moved on, either by foreclosure or through the short sale process.

In California, unless the loan is the original “purchase money” loan, the seller/owner may be liable …

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New MSN Report On “Upside Down” Mortgages #fb

by Tom Wysocki February 24, 2010 Riverside County Real Estate Info

There is a new report on MSN today that details the housing market and the values relative to the mortgages. It paints a pretty grim picture of what we face in the future. Almost 25% of the homes in the country are “upside down”, meaning more is owed on the home than it …

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Article on the human toll of foreclosure #fb

by Tom Wysocki February 8, 2010 Foreclosure

There is a great article that was in the Merced newspaper on the human toll that foreclosure takes. It also reveals the struggles that some homeowners face as they try to talk to their mortgage companies.

Please remember these homeowners and what they face as you read articles on the mortgage meltdown. Not everyone …

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