San Diego Broker Brian

5 Ways to Stop the Foreclosure Process

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If you have missed more than three mortgage payments, or your lender has filed a Notice of Default (NOD), you might think the loss of your home is inevitable. Even at this stage, there are five strategies you can use to stop the foreclosure process.

Better options for paying off a mortgage than taking money out of your 401(k)

http://wapo.st/lrUcKv

How can we take money out of our 401(k) account, pay off our mortgage and not pay taxes on it? Can any of it be deferred? The amount we’d want to take out is $105,000.

Short Sale Anti-Deficiency Bill May Have Unintended Consequences

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Hmmm....what effect with this have on the decision to short sale or not to short sale.....This year the California Association of Realtors® (CAR) has sponsored state legislation (SB 458 – Corbett) that would negate the ability of a junior lien holder to collect any deficiency if they have agreed to a short sale. 

Foreclosures fall in April amid paperwork issues

http://reut.rs/itB9Fx

Are we fighting the inevitable incompetance issues or do we really see cooperation at the bank level.  The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.

75 Percent of Refinancing Homeowners Maintain or Reduce Debt in First Quarter

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Is it time for you to look at Refi options.  Track your home value on my web site at www.briancurry.com  Sign up for your free market snapshot and see what your neighborhood is doing.

RISMEDIA, May 10, 2011—Freddie Mac (OTC: FMCC) released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house:

Remodeling at Highest Level in Four Years

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Consumer confidence returns and homeowners once again gear up for remodeling projects.