CoreLogic has just introduced a new software program designed to catch real estate brokers and agents who commit short sale fraud by providing a low bid to lenders in order to get a second commission by flopping the property to a higher bidder. The new CoreLogic Short Sale Monitoring Solution is designed to help lenders [...]

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July foreclosure data from RealtyTrac shows that REO levels in July were at the second highest level since the company started reporting in April of 2005. The highest point ever recorded by the company was just two months ago, in May, when there were 93,777 properties that went back to banks as REO.  In July, [...]

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Buy and bail – where a homeowner buys a new house before his credit is trashed by walking away from the old one – is on the rise, according to a recent Bloomberg report. According to the article, those most likely to “buy and bail” have a large income and low debt, enabling them to [...]

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California Governor Arnold Schwarzenegger’s latest movie, The Expendables, is a summer hit and Californians are now waiting for him to morph into the homeowners’ hero by signing SB 1178, the bill extending anti-deficiency protection for consumers facing foreclosure who refinanced their original mortgage loans that was approved by the California Sate Assembly earlier this month. [...]

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When a broker gets sued, we step in: as the hand-picked attorneys for the broker – all at the insurance carrier’s expense. A broker is generally sued for negligence and some form of intentional misconduct. Why? Because plaintiffs want “punitive damages” and they can’t get that from a ‘negligence’ claim. That’s a problem for the [...]

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Landlord concessions like giving tenants more time to make the rent and agreeing to subleases is helping the commercial real estate sector make a “modest improvement,” according to HousingWire.com. According to data from the latest National Association of Realtors’ Commercial Real Estate Index, subleasing remains high and lenders are more lenient in allowing for extra [...]

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You know it can’t be good news when an article about home sales starts out like this:  Analysts’ estimates for July home sales aren’t even close. And it wasn’t good news. According to HousingWire.com, the sale of new single family homes hit an all-time low of 276,000 units for the month of July, down over [...]

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