Monthly Archives: October 2010

California Foreclosure Numbers are UP

New data shows that the amount of homes in California being foreclosed on has increased by almost 19% since the second quarter, marking the first increase for the state since last year’s peak. It is too early to determine if … Continue reading

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Wells Fargo to Resubmit Documents

NEW YORK (CNNMoney.com) — Wells Fargo, which until now said it stood behind its foreclosure processes, said Wednesday it would submit additional paperwork in 55,000 foreclosure cases pending before the courts. The loan servicer, which has been reviewing its procedures … Continue reading

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Mortgage Defaults Up

California home-mortgage defaults climbed 19 percent in the third quarter from the previous three months as the state’s unemployment rate lingered close to a three-decade high, MDA DataQuick said. Homeowners in the most-populous state received 83,261 default notices, up from … Continue reading

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California Real Estate Sales Sluggish

Real estate professionals and economists expect the sales pace to remain sluggish for the rest of the year as buyers take longer to commit to purchases and sellers wait out the slow period. “The sidelines are getting awfully crowded in … Continue reading

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Foreclosure Warrantys Coming

Fidelity National Financial Inc., the largest U.S. title insurer by market share, will require lenders to sign a warranty assuring their paperwork is sound before backing sales of foreclosed homes. An indemnity covering “incompetent or erroneous affidavit testimony or documentation” … Continue reading

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