Jason Thoele's (jasonthoele) Blog

A popular theme in the responses we have received to our request for feedback from the foreclosure front has been the confusion, delays, and inflexibility on the part of mortgage servicers in handling "short sales."Short sales are requests to discharge mortgages when a third party is willing to p...

SEC Turns Spotlight on Countrywide CEO MoziloReuters News Service and the Associated Press are both quoting a story in the Wall Street Journal on Wednesday that the controversial CEO of Countrywide Mortgage, Angelo Mozilo, is under an informal investigation by the Securities and Exchange Commissi...

Secretary of The Treasury Henry M. Paulson, Jr., is in danger of becoming a household name in the midst of the sharp housing downturn. He is front and center in what has, to this point, been a tepid response on the part of the Bush Administration to rising defaults on subprime mortgages and the a...

Saw this article on Inman News, says prices are forecasted to drop 18%, I have been hearing and thinking myself about 10%, let me know your thoughts on this.http://www.inman.com/hstory.aspx?ID=64928

Selection, selection, selection. There are plenty of houses from which to choose. Just a few years ago the resale inventory dropped below 1,000 units. A buyer was forced to make compromises if they were going to locate the home of their dreams. There is a great selection of attached homes, condos...

Here's an article I read, very interesting information. The article states that even thogh foreclosure rates are down we deffinitely are NOT out of the danger zone. The number of homes going back to mortgage lenders dropped 21.5 percent in September compared to August, according to Foreclosures.c...

Looks like some mortgage companies and banks are finally looking at soing some good. A group has established a website (http://www.hopenow.com/) which, at present, is not particularly helpful. It informs debtors how to ID their servicers (i.e., look on your mortgage statement), and recommends sev...

Before Disaster StrikesFires . . . hurricanes. . . floods . . . earthquakes . . . tornadoes.... Natural or other disasters can strike suddenly, at any time, and anywhere. Your first priority, of course, would be to protect your family and your property. But it's also important to protect against ...

http://assessor.co.kern.ca.us/assessor/property_valuation.cfmPROPOSITION 8 (DECLINE IN VALUE): Proposition 8 allows the Assessor to review both the factored base-year value and the current market value of a property as of January 1 of each year and enroll the lesser value. When the current market...

Home prices throughout most of California will post "modest declines" next year while sales of existing homes will stabilize from the precipitous decrease experienced in 2007, according to the California Association of Realtors. The median home price in California will decline 4 percent to $553,0...