Rising home prices over the past couple of years are reducing the number of homeowners who are “underwater” in their mortgage, bringing more potential sellers off the sidelines to take advantage of the robust housing market. That’s good news for…
Are You Eligible for a Home Affordable Refinance?
Are you having trouble paying your mortgage? Has your world fallen down around you? Do you think you need to do a short sale? Is the bank ready to foreclose on your home? Are you eligible for a Home Affordable…
Lender Must Provide Summary for Foreclosure Notices
Summary provided by California Association of Realtors: A lender must provide a borrower with a specified summary of information attached to a copy of a notice of default and notice of sale for any property containing one-to-four residential units. The…
Tenant Entitled to a 90-Day Notice to Terminate After Foreclosure
Summary provided by California Association of Realtors: Effective January 1, 2013, a month-to-month tenant in possession of a rental housing unit at the time the property is foreclosed must be given a 90-day written notice to terminate under California law.…
Landlord Must Disclose Notice of Default to Prospective Tenants
Summary of new law from the California Association of Realtors: Starting January 1, 2013, every landlord who offers for rent a residential property containing one-to-four units must disclose in writing to any prospective tenant the receipt of a notice of…