October 2010

This newly Constructed Laguna Beach Estate Finished in 2010 designed on 12 acres, Has been foreclosed on. Enter through a gated security drive across private bridge crawling up to the  mansion enter the private motor court with Rich warm palate of natural stones plants and warm colors blend into the surrounding. Access  2 sets of garages and parking for [...]

Over the past month, the so-called “foreclosure-gate” has been dominating the headlines. Millions of foreclosure proceedings have been halted over suspicion that bank and mortgage company employees used unverified or falsified documents to expedite home seizures. Bank of America froze foreclosures in all 50 states last week, and JPMorgan Chase and Ally Financial stopped proceedings [...]

Bank Of America found errors in 10 to 25 out of the first several hundred foreclosure cases it examined starting last Monday. The problems included improper paperwork, lack of signatures and missing files, the Journal reports, citing people familiar with the results. The nation’s No. 1 lender said some of the defects seem relatively minor, [...]

Part of the freeze is over for 23 states. Bank of America is resuming foreclosures in over two dozen states. In B of A’s Review they have not yet found where a foreclosure has continued with error. Dan Fram a Bank of America spokes man says: “ We voluntarily paused our process in the 23 [...]

About half a dozen articles and editorials have come out in the last two days cautioning against the federal government imposing a national moratorium on foreclosures while banks review their processes. They’re summarized here for informational purposes only. The Politics of Foreclosure, – Wall Street Journal, Oct. 10,2010   The foreclosure problem isn’t about  whether some home [...]

Bank of America Corp. imposed a nationwide moratorium on foreclosures and the sale of foreclosed homes after it came under intense pressure from a government-run housing-finance giant worried about documentation problems, people familiar with the situation said.          The bank called a stop as concern mounted from legislators and state prosecutors about procedures used by [...]

  California’s total assessed property values — an indicator of real estate health and key to government coffers — fell for the second straight fiscal year. The state’s Board of Equalization says total values — from assessments by state and county officials — dropped $78 billion (1.8%) to $4.37 trillion for fiscal 2010-2011. It’s only [...]