Industry News Archives - Verdeo Capital Group - Granite Bay Private Money Lender

Cash Is Dead! Long Live Cash!

Cary & Shad Long — Thu, 04 Apr 2013 19:27:51 +0000

(This essey was written by President and CEO John C. Williams of the Federal Reserve Bank of San Francisco) It is often said that cash is king. But a quick glance at the register in stores and restaurants might make you think the king is on his deathbed. Increasingly, customers are finding other ways to […]

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Zombie Foreclosures: Borrowers hit with debts that won’t die

Cary & Shad Long — Thu, 21 Feb 2013 16:20:08 +0000

Borrowers are discovering that their foreclosed homes are coming back to haunt them — long after they have moved out. In these “zombie foreclosures,” borrowers move out after their bank schedules a foreclosure auction only to learn months or years later that the auction never took place or the bank never transferred the deed. That […]

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Consumer Warning: Underfunded Homeowners Associations

Cary & Shad Long — Fri, 28 Sep 2012 15:19:57 +0000

The California Department of Real Estate (DRE) has issued this warning as a result of the growing number of homeowners associations (HOAs) that do not have sufficient funds or reserves to adequately maintain the common areas in the housing developments for which the HOA is responsible. This warning will explain the negative effects and impacts […]

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