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California Foreclosures Return With Vengeance
SAN DIEGO (DQNews) -- After dropping to a three-year low in the second quarter of this year, the number of California homeowners being pulled into the foreclosure process snapped back to prior levels over the last three months, a real estate information service reported. A total of 71,275 Notices of Default (NoDs) were recorded at county recorders offices during the third quarter. That was up 25 ...

US Treasury Department directive to HAFA allowing a non-profit to purchase a home in a short sale. The Non-Profit can leaseback and resell the home to the (now) former home owner....

California Governor Jerry Brown signs SB 458 into law prohibiting deficiency judgements for all mortgages in a short sale...

How foreclosures affect credit scores
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday.