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Irvine loan mod firm is raided

Irvine loan mod firm is raided

Courtesy: reader Randall Marquis Federal and local law enforcement agencies raided the United Law Group’s offices in Irvine today, as part of a loan modification fraud investigation, The Register’s Irvine reporter Sean Emery writes. Officials shut the office at 2525 Campus Drive … Read More

Pacific Northwest Housing Summit – March 18-19

Pacific Northwest Housing Summit – March 18-19

The Pacific NW Housing Summit is an opportunity to bring together professionals from all aspects of the real estate industry with the intent to evaluate the current market conditions, forecast the coming years prospects and plan for the resurgence of … Read More

1 million U.S. homes lost to foreclosure since 2008

1 million U.S. homes lost to foreclosure since 2008

More than 1 million U.S. households have lost their homes to foreclosure since the end of 2008, new figures from Irvine-based Realty Trac show. About a fifth of those foreclosures occurred in California alone, according to figures from MDA DataQuick, … Read More

Govt. to pay homeowners $1,500 to move

Govt. to pay homeowners $1,500 to move

Homeowners who are in over their heads but have been unsuccessful at getting a loan modification may get some different help from Uncle Sam — $1,500 to move if they sell for less than they paid for the house, reports … Read More

Foreclosure process explained

Foreclosure process explained

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. How does the foreclosure process work? What is the … Read More

Which ZIP has biggest foreclosures hike?

Which ZIP has biggest foreclosures hike?

Here’s how foreclosures in Orange County compare from Q4 of 2009 with the previous quarter and the previous year, according to an analysis by DataQuick. Countywide, foreclosures are up 0.1% from the previous quarter and  5.1% year over year.  ZIP codes are ranked in … Read More

Homes in 12 cities get foreclosure dates

Homes in 12 cities get foreclosure dates

First, in recent foreclosure news: Which ZIP has biggest hike in mortgage defaults? Foreclosures now are just ‘tip of the iceberg’ Every week, homes throughout Orange County go to foreclosure auctions. The owners can be millions of dollars in debt, … Read More

What ZIP has biggest hike in mortgage defaults?

What ZIP has biggest hike in mortgage defaults?

Here’s how filings of notices of default — the first step in the foreclosure process — compare from Q4 of 2009 with the previous quarter and the previous year, according to an analysis by DataQuick. It’s a mixed bag: Countywide, … Read More

The Simple Dollar Time Machine: February 27, 2010

The Simple Dollar Time Machine: February 27, 2010

Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, … Read More

Couple financially trapped in home

Couple financially trapped in home

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. My wife and I purchased a one-bedroom condo in … Read More