The Real Estate Strategies Institute (my education and publishing company) is presenting a premier, two day event exploring “Multiple Exit Strategies for Distressed Property Profits” on October 14-15 in Newport Beach.
This event is geared toward real estate investors, agents and brokers who are approaching short sales, bank-owned properties and foreclosure auctions as an entrepreneurial opportunity.
We will Read the rest of this entry »
The California residential real estate blogs and media have been enjoying an anti-deficiency “happy dance” the last several days. Is this warranted or will some homeowners suffer unintended consequences by the expansion of the anti-deficiency provisions of CCP 580e to junior liens? In the short term, certainly many lenders will.
Existing Law
In late 2010 the California Legislature Read the rest of this entry »
California Senate Bill 458 (SB 458) was signed by the Governor on July 11, 2011 and immediately became law as an urgency measure. It was enrolled by the California Secretary of State on July 15, 2011.
Accordingly, it immediately applies to all new and PENDING short sale approvals. There’s a lot of articles discussing the new law. Registered Read the rest of this entry »
On June 28, 2011, I gave a more than 90 minute webinar on fraud issues in short sales. This was hosted by Nathan Jurewicz, who was kind enough to record it and post it for replay for a LIMITED time. It’s on his server, not mine, and I don’t know how long he’ll have it up, so if Read the rest of this entry »
I hate to give you too much too fast, but I just came across a lawsuit filed a couple weeks ago in Santa Ana, California in which the FDIC is suing CoreLogic for $129 million in connection with alleged appraisal fraud relating to the failure of Washington Mutual alone. Could there be more losses at other banks?
Could a highly publicized “study” warning of $375 million of “unnecessary” loan losses in “suspicious short sales” be manipulating figures just to sell more of its author’s services?
Prepare to read the following in depth analysis and I’m confident you’ll find that the answer is obvious.
Last week, articles began appearing in real estate oriented web sites and Read the rest of this entry »
It’s easy to make headlines when you control the data, the definitions and the conclusions.
That’s what CoreLogic did last week – as an unwitting disservice to the double dipping real estate market, ethical real estate professionals and the legitimate private investors who are providing necessary liquidity into distressed markets that banks refuse to touch.
Washington Post syndicated Read the rest of this entry »
Several real estate blogs and news sites have been buzzing about the extension of the waiver of the 90 day flipping restriction for FHA insured loans. It’s important to keep the news in perspective.
I have searched the HUD and FHA web sites high and low for an official announcement and have not yet found one. At this Read the rest of this entry »
I don’t typically promote from this blog, but it’s about education and these three days will be more intensive than anything I can do online. Read the rest of this entry »
Readers have asked for more in-depth information on short sale compliance for both investors and the real estate agents and brokers working with them, as well as third party negotiators.
On January 13-15, 2011 (just ten days away), I am conducting the most intensive, California-specific short sale education and training that likely will be held this year focusing Read the rest of this entry »
© 2010-2011 California Short Sale Lawyer™: Attorney Ron Ballard's blog about California short sale laws and procedures
WordPress theme by Develop Daly
