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A recent study found that homeowners who received counseling prior to obtaining a loan modification were at least 67% more likely to be current on their modification payments nine months after a loan modification.  The study also found that those who received counseling were more likely to obtain a modification and were able to get ...

A recent article on CNN finds that more homeowners are fighting to stay in their homes longer despite the attempts by banks to actively foreclose on their property.  The article begins with a quote from an attorney saying that many of the attempts made by homeowners to stay in their homes are without legal merit.  ...

A recent article in the Press Enterprise cites a surge in Riverside and San Bernardino foreclosure activity and the possibility that a new wave of foreclosed homes will hit the market early next year.  Economists point to increases in the Notices of Default that precede the actual foreclosure of a home in Riverside county.  Further, ...

What happens to your car if you decide to file bankruptcy?  Understandably, this is a big concern for anyone thinking about filing bankruptcy in Riverside or the surrounding communities.  Having a car in California is a necessity if you work, go to school, or have children.  This is especially true in the Inland Empire where ...

JPMorgan Chase is now the largest bank in the US, surpassing Bank of America, based on its total assets.  With the merger of Chase and Washington Mutual, Chase holds a huge percentage of home loans resulting from the real estate boom of the last decade.  In addition to Washington Mutual, Chase also owns EMC, another ...

According to the California Association of Realtors, Home Sales in California rose in October, marking the 6th consecutive month that home sales have increased.  Home Sales in Californis for 2011 were up over 10% from last years pending home sales in the state.  However, the Association of Realtors does not track home sale date seperately ...

The Press-Enterprise reports that the recent US Census reveals that San Bernardino is now the second poorest large US city in the entire country. On average, household income in San Bernardino is now lower than every city except Detroit. While the revelation that San Bernardino is among the nation's poorest is startling, it is not ...

Recently released data shows that home sales for October have reached a 4-year low. Economists predict that the cause for slow home sales is multiple-faceted. Government incentives have mostly disappeared, job growth is weak, lending standards have tightened, and home appreciation is nearly non-existent. While home sales overall are weak, home sales in some segments ...

Home foreclosures in the Inland Empire have reached 12 month highs in Riverside and San Bernardino according to a recent report. According to economists, the increased number of defaults is largely due to a slow down in the time it takes most banks to foreclose. Currently, it takes a bank an average of over 300 ...