Foreclosure activity slowed markedly in Sonoma County at the end of last year, but experts expressed skepticism that the decline signals a reduction in distressed properties. The county recorded 443 homes lost to foreclosure in the fourth quarter of 2010, according to a report released Tuesday by DataQuick Information Systems [...]
The Federal Reserve concludes homeowners don’t quickly walk away from underwater properties. Even so, one in five defaults in recent years was by those who could pay the mortgage but choose not to do so.
Fourteen mortgage lenders and servicers will attend the free sessions in San Francisco and Oakland.
Petaluma’s First California Mortgage receives $50 million in new credit from special government-backed pilot program.
The Sonoma County firm plans to triple the number of home loans it makes this year with the help of a new $1 billion initiative by Fannie Mae.
The foreclosure rate exceeds that of 2009, and the percent of delinquent mortgages has risen steadily over the past year.
The Legislature may cancel the tax obligations caused by the “debt forgiveness” involved in short sales.
New federal rules may make it easier for sellers to conduct short sales, but the process still holds risks.
The Financial Literacy Headquarters of Sonoma State University’s School of Business is offering a free question-and-answer session Saturday for homeowners considering short-sales, loan modifications, refinancings, or foreclosures. The session will be 9 to 11 a.m. and will be hosted at the RETHINK Money Coaching Center, 134 Lystra Court, in Santa [...]
Two out of three sellers said they had trouble paying their mortgages.
Nearly 34,000 borrowers here owed more than their homes were worth at the end of 2009.