Clear Capital’s report shows prices have fallen 11.5 percent over the previous nine-month period. A rate of decline this rapid has not been seen since 2008.

All the major metropolitan statistical areas tracked in Clear Capital’s report showed quarter-over-quarter price declines. The company says it’s a “sign of the continued volatility and fragility of home prices.”

At the regional level, home prices in the West, Northeast, and South regions have all crossed into double dip territory to record their lowest prices since the downturn began.

Unfortunately for mortgage companies, this is not a new trend, but one that TransUnion has been consistently finding in its surveys for the past three years. The only slight positive TransUnion could report is that the number of consumers current on credit cards, but delinquent on their mortgages had slightly declined. The number, however, is still more than 70% higher than at the start of what’s now being called the “Great Recession.”

“The percentage of consumers current on their credit card payments and delinquent on their mortgages first surpassed the percentage of consumers current on their mortgages and delinquent on credit cards in the Q1 2008,” the company said in a statement. “Although many industry analysts believed that a reversion to the conventional payment hierarchy would ensue once the recession had concluded, this has not been the case.”

Apparently, current economic and housing environment has consumers reevaluating their priorities.

Gov. Arnold Schwarzenegger signed the measure, “SB 401″, which permits married partners to exclude canceled mortgage debt up to $500,000 on their primary residence, $250,000 if an individual.

See the full article here.

These two videos cover Short Sale Pros Wine and Cheese Realtor Appreciation Night on 10/22/09 at the Legends Condos Downtown San Diego, featuring outtakes from Short Sale Pros CEO Michael Corradini, an owner of an Escrow company, and a Title company addressing the Short Sale Pros model.

Is it Legal? YES. It is ethical. YES. Is it fully transparent and disclosed to all paries? YES

PART I

PART II

At Short Sale Pros, we support and employ a 100% FREE model for all troubled homeowners. Here is the full story:

http://www.dsnews.com/articles/schwarzenegger-institutes-nine-new-mortgage-laws-2009-10-13

San Diego, CA (PRWEB) July 14, 2009 — As many homeowners are being denied loan modifications and put on the path to foreclosure, one novel company, Short Sale Pros, offers solutions designed to avoid foreclosure by assisting loan modification companies and homeowners with no-cost short sale negotiation services.

Although a short sale is not the first option for most homeowners since it requires them to walk away from their property, the statistics have shown that more homeowners are being denied loan modifications even with government intervention and professional help from a loan modification company. The banks have also realized more than 50% of loan modifications go into re-default. A modification turndown or re-default often leads the homeowner into foreclosure since they are unaware that a short sale may still be a viable option.

“It is very sad to meet homeowners who have been relying on a loan modification to solve their problems only to find out that they have been denied. Most think the only option is foreclosure which can destroy a person emotionally and financially for five or more years. Short sales are an alternative that most homeowners can utilize to get back on their feet sooner by walking away from their home into a more affordable rental,” said Michael Corradini, CEO of Short Sale Pros. “There are unique benefits to the homeowner through Short Sale Pros that a loan modification company or a Realtor alone cannot provide.”

Many loan modification companies are not able to get a modification approved in time to avoid foreclosure and are overwhelmed trying to negotiate short sale themselves, straining their often limited resources.

According to Michael Taylor at LMS, a leading loan modification company, “Short Sale Pros offers a unique solution when the lender is unable to produce an affordable modification for the homeowner. Not only does the homeowner get help for no-cost, the partnership also frees our resources and we are rewarded as an affiliate.” Short Sale Pros offers loan modification companies revenue share opportunities as well as new loan modification applicants through its partnership with America’s Lead Source.

“At Short Sale Pros, we encourage homeowners to get informed about their options at ShortSalePros.com or government sites such as MakingHomesAffordable.gov,” added Michael Corradini.

Based in San Diego, California, Short Sale Pros is helping lead America’s recovery as one of the fastest growing short sale negotiation firms. They are the only company to offer no-cost negotiations to Homeowners, full commissions to REALTORS®, and revenue share opportunities and lead replacements to Loan Modification companies. They streamline the complicated short sale process utilizing lender contacts, proprietary mitigation techniques and handling all paperwork. Homeowners, REALTORS®, and Loan Modification companies are encouraged to get informed at ShortSalePros.com or 866-975-PROS (7767).

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http://www.prweb.com/releases/short_sale_pros/loan_modification/prweb2636684.htm

http://www.tradingmarkets.com/.site/news/Stock%20News/2419009/

http://www.individual.com/story.php?story=103725571