NEARLY $3 MILLION SETTLEMENT FOR HOUSING DISCRIMINATION

NEARLY $3 MILLION SETTLEMENT FOR HOUSING DISCRIMINATION
The U.S. Department of Justice has obtained a record $2.725 million settlement against Los Angeles apartment owners for alleged rental discrimination. In a lawsuit brought in August 2006, the Justice Department claimed that Donald T. Sterling and others engaged in discriminatory practices, such as refusing to rent to [...]

Call-for-Action on Homebuyer Tax Credit

Call-for-Action on Homebuyer Tax Credit
We are calling all of Team NuVision members, clients, guests, and friends to support requesting extension of the First-time Homebuyer Tax Credit beyond its November 30th expiration date.
Call 1-800-961-3302 and, when prompted, enter “999999999″ for the PIN number and home zip code to be connected to your legislator’s office.
Let’s do [...]

California cracks down on mortgage fraud

California cracks down on mortgage fraud
SACRAMENTO
October 12, 2009 5:27am
• New laws supposed to protect homeowners
• ‘Helps crack down on abusive lending practices’
California now has new laws that are supposed to prevent homeowners and homebuyers from mortgage fraud.
Legislation to increase protections for consumers in the lending market and [...]

C.A.R.’s 2010 Housing Market Forecast released

C.A.R.’s 2010 Housing Market Forecast released
The median home price in California will rise 3.3 percent to $280,000 in 2010 compared with a projected median of $271,000 this year, according to C.A.R.’s “2010 California Housing Market Forecast,” presented today at CALIFORNIA REALTOR® EXPO 2009 in San Jose. Sales for 2010 are projected to decrease 2.3 percent [...]

LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION

LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION
The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality in favor of public protection. These attorneys have allegedly [...]

Deferred Sales Trust (DST)

How the DST Works?
The DST is a tax deferral tool. You transfer property ownership to a dedicated trust, administered by a third party trustee. The DST sells the property to the buyer. The funds of the sale are disbursed by a third party administrator in DST payments, per the terms of your customized [...]

Why I Invest in VICTORVILLE

Top Reasons why I invest in Victorville – California:
(Other than POSTIVE CASFHLOW and
it’s located in California, the 7th largest economy in the world!!!)
From 2001 to 2006 Victorville’s population grew from 61,500 to 95,145, and reached the 100,000 mark in 2007.
Victorville issued more than 3,000 residential development building permits in 2006—surpassing the number of permits ever [...]

IRS to mine payment data on mortgages

IRS to mine payment data on mortgages
The Internal Revenue Service (IRS) will study whether it should make greater use of data on mortgage-interest payments provided to it by banks. The program, which searches for inconsistencies between mortgage payments and income, is currently used to send notices to non-filers who it believes should have filed [...]

Mortgage loan delinquencies rise, foreclosures flat

Mortgage loan delinquencies rise, foreclosures flat
The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from [...]

Loan Modifications

LOAN MODIFICATIONS Updates
A mortgage loan modification is a change in the initial terms of a note used to finance real property. The lender or servicer holding the note grants the loan modification. Lenders are modifying loans for a number of different reasons, the largest of which is to mitigate losses that are associated with foreclosure. [...]