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Robert Moreno's Blog (17)

Homeownership Rates Are Lower Than You Think

PLEASE READ THIS ARTICLE... makes one think of what is really happening with this bill when you take into consideration all the movement of large bank related corporations to buy up the "SHADOW INVENTORY" that the banks have been sitting on all this time. Default Redsources' REO Management branch has signed a deal with Georgia based United Bank, HomeLand Security Capital Corp, moved into a space by aquiring Default servicing LLC, Another lender, Stewart Lender services aquired PMH Financial…

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Added by Robert Moreno on August 3, 2011 at 2:22pm — 1 Comment

Banks Day of Reckoning Cometh..for Fraud filled foreclosure, Robo-signers? (Video)

Banks Day of Reckoning Cometh..for Fraud filled foreclosure, Robo-signers? (Video)

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Added by Robert Moreno on July 25, 2011 at 7:58pm — No Comments

Urgent Breaking News: California SB 458 Passed | Realtor Short Sale Designation

This is HUGE!

Effective, 15 July 2011!

Governor Jerry Brown signed into law SB 458 prohibiting banks, servicers and lenders from pursuing home…

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Added by Robert Moreno on July 18, 2011 at 10:36am — No Comments

SHORT SALE 2ND LEIN NO LONGER CAN SEEK DEFICIENCY JUDGEMENT FROM SELLERS IN CALIFORNIA

 

FROM THE DESK OF THE MORENOWORKGROUP:

A new law signed by Jerry Brown in California has now made it easier for Californians suffering from the Real Estate dip to short sell their homes. The new law prevents the second lein hold nor the investors behind them, including any insurer to seek any type of deficiency judgement against the seller once the deal is closed. 

 

HERE IS THE LAW FOR THOSE WHO CAN NOT SLEEP AT NIGHT (like me).

 …

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Added by Robert Moreno on July 16, 2011 at 11:08am — 1 Comment

Foreclosure Starts at Lowest Level Since 2008 CALM BEFORE THE STORM?

Foreclosure Starts at Lowest Level Since 2008

by Alexis McGee on June 6, 2011

For some reason, the press…

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Added by Robert Moreno on June 8, 2011 at 6:30pm — 1 Comment

NO TO QE3 OR JUST A STRATEGIC WAIT?

cont. .......I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

IS QUANTITATIVE EASING AN ANSWER TO THE STRUGGLING HOUSING ECONOMY?

 

I was having a conversation with my son about the housing economy the other day and he brought up Quantitative Easing ...or QE3. I had never heard of this term (QE3 or QE2) , I am ashamed to say until he brought it up. I knew about the FEDs plan to print more money and use this strategy to slow down the hemorraging that was happening in our economy. Yet I never heard it described as quantitaive easing.

 

So my little baby boy (32 years…

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Added by Robert Moreno on June 8, 2011 at 4:00pm — No Comments

Breaking News: Defaulted Owners Living Payment Free For 900+ Days

New evidence is out from RealtyTrac (and CNBC) that the banks ARE sitting on homes that…in a normal world…would of been long since been…

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Added by Robert Moreno on May 20, 2011 at 2:17pm — 1 Comment

Tell Congress: 20% Down Payments Put the American Dream Out of Reach

Can new home buyers afford a 20% down payment? Could you? Can you envision what this will do to limit the buyer pool  if new regulations governing Qualified Residential Mortgages (QRM) take effect this year?



Neither can we. And neither can many elected officials in Congress who did not intend for these regulatory provisions to be so narrowly defined. We must continue our efforts to explain how detrimental the new QRM rules would be to the ongoing housing and lending crisis in…

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Added by Robert Moreno on May 18, 2011 at 12:28pm — 1 Comment

California Foreclosure Delays Stretch Imagination

 

May 16, 2011

Guest post from Sean O’Toole, ForeclosureRadar.com

Over the past month we noticed that Bank of America has been resuming foreclosures on loans originated by Countrywide. As you may recall in October BofA voluntarily imposed a foreclosure moratorium following the robo-signing scandal. We actually expected an increase in activity as lenders began to catch up after these delays and…

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Added by Robert Moreno on May 18, 2011 at 11:41am — No Comments

Survey: Sellers Fare 50% Better With Agents

Survey: Sellers Fare 50% Better With Agents…
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Added by Robert Moreno on April 4, 2011 at 2:40pm — No Comments

TOP TEN REAL ESTATE CASES

What were the "top ten" real estate related cases in 2010? Ask any ten lawyers, and you’ll get at least 20 answers. (You know: On the one hand, then again, on the other hand…) Like all of my compatriots, I have opinions – sometimes strong ones – about which cases should make the cut. Here are my Top 10 of 2010. One of these is scary – really scary. Not as much for what it did, but for what if can be construed to mean, plaintiff’s lawyers being crafty little devils.

I’m reminded of good…

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Added by Robert Moreno on April 2, 2011 at 12:03pm — 1 Comment

As Housing Recovery Lags, Rental Business Set to Boom

 The severe and prolonged downturn in housing likely will have one notable beneficiary: Demand for multi-family dwellings is expected to rise as more owners switch to renting.…



Home For Rent
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Added by Robert Moreno on April 1, 2011 at 11:19pm — No Comments

Reconveyance Deed & why it might be important to make sure it happened!!!

Reconveyance Deed & why it might be important to make sure it happened!!!woman standing there pointing to a deed



I should explain what a reconveyance deed is to help make some more sense of this.  Anytime there is a loan on a property (at least in California), there is a deed recorded on the property.  Then when a loan is paid off against a property, another deed gets filed (reconveyance deed).  That type of deed shows that that lender no longer has interest in the…

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Added by Robert Moreno on March 29, 2011 at 6:14pm — 1 Comment

Real Estate Facts That You Must Know | 2011 Real Estate Market Outlook

Truly shocking news this week for our real estate industry.

Weakness across the US. Biggest weakness in…

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Added by Robert Moreno on March 28, 2011 at 10:29pm — 1 Comment

National Association of Realtors Pending Home Sales Report

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Added by Robert Moreno on March 28, 2011 at 10:25pm — No Comments

20% Down Payment Rule Starts April 2011 | Mortgages For The Few, Renting For the Many

Agents, are you aware of the fact that new lending requirements (Starting NEXT MONTH)  will require 20% down payments on mortgages. Yes, you read that correctly…20% down will be the new minimum requirement thanks to the new QRW Lending Rules.

Welcome to…

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Added by Robert Moreno on March 28, 2011 at 10:22pm — No Comments

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