Bank of America is already one of the better banks to process short sales, with approvals typically within 5-6 weeks or so. Now, thanks to an improved document-collection system, they are expecting to cut those times in half. From BofA: Bank of America Refines the Short Sale Process Every day, Bank of America works with [...]

Nationally, 22.8% of all homes with mortgages owe more than their homes are worth. Another 5% are right on the edge. In California, the statistics are worse. CoreLogic reports: SANTA ANA, Calif., March 1, 2012––CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released negative equity data showing that 11.1 million, [...]

This information updates from time to time. The latest info comes from a lender friend of mine. If you’ve gone through a short sale, foreclosure, bankruptcy, or deed-in-lieu of foreclosure, here is how long you’ll have to wait before you can buy a home again. I bet not too many folks out there are aware [...]

With interest rates so low and Bay Area rents so high, it’s no wonder that a lot of younger people are considering buying their first homes. And because they are generally cheaper, many are considering buying a condo because… well… that’s what you are supposed to do. You buy something inexpensive, build up equity, and [...]

In an update to my previous article about what Bella Homes LLC is and how they do business, Bella has now been sued by the United States and the State of Colorado for fraud. Here is the full PDF. From the complaint: 4. Beginning in or around March 2010 through the present, Defendants have been [...]