Foreclosure Settlement Good for Buy Again and First Time Homebuyers?
Posted on 13. Feb, 2012 by Scott Schang in Home Buyers
Last week the Obama administration announced that they had settled against the “big 5″ banks in a law suit brought by the Attorneys General. The verdict is basically a $25 billion dollar hand slap for banks that improperly processed paperwork that resulted in the repossession and foreclosure of homes. There’s a ton of information online about What [...]
How Foreclosure Confusion Affects Home Buying?
Posted on 19. Oct, 2010 by Scott Schang in Home Buyers
Foreclosure confusion is affecting home buying in a big way! As has been widely reported the big investors out there are ceasing foreclosure proceedings for the time being and all 50 attorney generals are filing lawsuits in regards to the so called robo-signing, just in time for the elections. Something smells fishy. These antics aren’t [...]
How to Buy Short Sale and Foreclosure Homes in California
Posted on 10. Nov, 2009 by Scott Schang in Consumer Protection
Short Sales (Short Pay) – I have this conversation on a daily basis with potential home buyers looking for a great deal. Usually it’s a call or an email that goes something like this: “Can this be true? There must be something really wrong with this property because this seems like it’s priced way too [...]
How the Foreclosure Moratorium Changed a Buyer’s Market
Posted on 28. Jul, 2009 by Scott Schang in Consumer Protection
For a couple of weeks now, I’ve been trying to figure out a way to share with you some of my thoughts about what’s been happening in the market lately. This real estate market continues to be highly unpredictable as both natural and unnatural forces manipulate the normal economic cycles that typically dictate change. The [...]
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