If You're Keeping Up With the Latest Foreclosure News, You'll Want to Check These Posts Out

Here’s a double dose of foreclosure related info from the folks at ForeclosureRadar which I thought you’d find useful.

First off, COO Mark C. Skilling fills us in on “What’s new in Sacramento? (SB 1178 / SB 1275 / AB 1639)”. Looks like some more foreclosure related legislation is headed our way, including:

Extending borrowers protections from personal liability purchase money loans that have been refinanced (SB 1178)

Delaying the start of the foreclosure process until after final determination of a loan modification request (SB 1275)

Providing a way for borrows to be compensated if their home is sold at auction by the lender’s mistake (SB 1275)

Delaying the start of the foreclosure process until the completion of mediation between the borrow and lender (AB 1639)

For a full breakdown, check out the entire post where he breaks the bills down in detail.

Also worth checking out is founder & CEO Sean O’Toole’s powerpoint deck from his recent talk at SJREI ‘”Foreclosures: Market Update & Opportunities” which does an excellent job of breaking down where we are, how we got here and gives his take on where we’re headed and where the opportunities are.  I’ve included screen shots of a couple of slides below and definitely recommend downloading & checking out the deck.