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1st Capital Bank: 1st Capital Bancorp Announces Fourth Quarter 2020 Financial Results


1st Capital Bank: 1st Capital Bancorp Announces Fourth Quarter 2020 Financial Results
SALINAS, CA / ACCESSWIRE / January 29, 2021 /
1st Capital Bancorp (OTC PINK:FISB) reported unaudited net income of $1.59 million for the three months ended December 31, 2020, an increase of 67.1% compared to net income of $953 thousand in the third quarter of 2020 and a decrease of 8.1% compared to net income of $1.73 million in the fourth quarter of 2019. Earnings per share were $0.28 (diluted) for the fourth quarter of 2020, compared to $0.17 (diluted) for the prior quarter, and $0.31 (diluted) for the fourth quarter of 2019.
Unaudited net income for the year ended December 31, 2020 was $4.50 million, a decrease of 36.5% compared to net income of $7.09 million for the year ended December 31, 2019. Year-to-date earnings per share were $0.81 (diluted) and $1.27 (diluted) for the years ended December 31, 2020 and 2019, respectively. ....

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How to survive when sellers file for bankruptcy in 2021


Everyone is trying to predict what will happen to the real estate market in 2021. There is no question that financial pressures are felt by homeowners as well as real estate investors and mortgage lenders.
When looking back at the 2007 market crash, most distressed properties had significant negative equity. But today that is not the case. In 2007 when the market turned, the only option for homeowners was foreclosure or short sale. In today’s market, real estate still remains strong. Property values have gone up and seem to keep rising and there are many fewer properties with negative equity.
However, you have many people who are unemployed and have fallen behind in their other debts: consumer debt, car loans, school loans, etc. They have been living off credit cards and/or burned through their savings. Their home is probably the least of their concerns if they received a forbearance. So their home may be “current” but they haven’t received forgiveness on their oth ....

Brad Geisen , Hudmm Program , National Short Sale Platform , Enterprises Gses , Certified Bankruptcy Specialist , Bankruptcy Specialist Certification , Government Sponsored Enterprises , Mortgage Servicers , பிராட் கேசென் , தேசிய குறுகிய விற்பனை நடைமேடை , நிறுவனங்கள் க்செச் , சிஇஆர்டிஐஎஃப்ஐஇடி திவால்நிலை நிபுணர் , திவால்நிலை நிபுணர் சிஇஆர்டிஐஎஃப்ஐசிஏடிஐஓஎன் , அரசு ஆதரவளிக்கப்பட்ட நிறுவனங்கள் ,