Monthly Archives: June 2011

Exposing the Flaws in CoreLogic’s Short Sale Report

CoreLogic recently released its 2011 Short Sale Research Study.  Of note is CoreLogic’s suggestion that lenders may be incurring unnecessary losses in processing “suspicious” short sales.  (To read the actual report, you’ll need to register at CoreLogic’s website). According to CoreLogic’s own website, here are the highlights of the study: It is estimated that lenders, […]

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Wells Fargo Short Sale – Black Mountain, NC

This short sale was incredibly over-leveraged.  The outstanding debt to Wells Fargo was more than twice the amount the property sold for as a short sale.  Yet again, this short sale was attorney-negotiated (as they all should be).  That’s a function of the property condition (not so good) and market condition (also not so good).  […]

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CoreLogic: 38% of Home Equity Borrowers are Underwater

CoreLogic reports on something we all probably knew, but now we have a hard number to put on it.  Borrowers with home equity lines of credit (38%) are more likely to be underwater than borrowers without equity lines (18%). The report also states that, of borrowers with negative equity, 2nd-mortgage borrowers have deeper negative equity […]

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