Well the inevitable has happened! Homeowners who received home loan modifications in the past several years are beginning to default on their modified loans at an alarming rate. In fact the pattern of homeowners going from default to modification then back into default is becoming so prevalent that society has seen fit to give it […]
Well it seems that what we all suspected was in fact true! According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!
Southern California housing market continues to improve as investors dominate the market.
JOHNHART REAL ESTATE AND TOYSFORTEENS.ORG TO HOST A TEXAS HOLD’EM POKER TOURNAMENT BENEFITING TEENS WITH CANCER AT CITY OF HOPE HOSPITAL.
Yes, folks, you are reading this correctly! Dr. Armina Gharpetian has won her election to the Glendale School Board! After her informative Q& A session over here at JohnHart Real Estate, on March 27th, she went on to win the race, and we are all very happy and proud of her. Below are some of […]
Everyone over the age of twenty has heard the saying “Buy land, God isn’t making any more of it” before, which does a great job of pointing out the supply issues of a gradually overcrowding planet, but is real estate really a better investment than the stock market when it comes down to dollar for dollar […]
It was just announced that the Mortgage Debt Forgiveness Act will be extended through 2013!!
Before we begin I am going to ask that all of you do as I did when sitting down to write this article: clear your mind of political affiliation/bias, and look at the facts as objectively as possible. Whether you are a fan of President Barrack Obama, or absolutely loathe him, is neither here nor […]
The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?
