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Key Features of the New Housing Rescue Plan
Written on 29 Mar, 2010 at 11:06 in Blog | viewed 41 views times and users have made 0 comments so far
The government’s newest housing rescue effort, which was announced Friday, includes these key tenets: · As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose... (Continue reading)
San Diego County housing prices rebound in February
Written on 15 Mar, 2010 at 17:08 in News | viewed 41 views times and users have made 0 comments so far
San Diego County housing prices bounced back in February to reach a median $322,000 that was in the range of prices for much of last year, MDA DataQuick reported Monday. The median, the midpoint of all prices, was up... (Continue reading)
Program Will Pay Homeowners to Sell at a Loss
Written on 9 Mar, 2010 at 8:56 in Blog | viewed 63 views times and users have made 0 comments so far
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners... (Continue reading)
Could the Tax Credit Be Extended Again?
Written on 22 Feb, 2010 at 14:52 in Blog | viewed 72 views times and users have made 0 comments so far
The pressure is increasing on Congress to renew the homebuyer tax credits for a third time. The first $7,500 tax credit was passed in 2008 and required first-time buyers to repay the credit over 15 years. A few months later in... (Continue reading)
Property Values Fall Again
Written on 10 Feb, 2010 at 19:35 in Blog | viewed 63 views times and users have made 0 comments so far
U.S. home values declined another 5 percent in the fourth quarter, compared to the previous year. This was the 12th straight quarter of year-over-year declines, reported Zillow.com. More than 29 percent of homes sold in 2009 in the... (Continue reading)
Will Rewarding Borrowers Prevent Defaults?
Written on 10 Feb, 2010 at 8:41 in Blog | viewed 71 views times and users have made 0 comments so far
Will paying underwater borrowers to keep meeting their mortgage obligations prevent them from walking away? Loan Value Group LLC says it is working with a major mortgage lender to test this theory. Here’s the plan. The mortgage investor offers a cash reward... (Continue reading)
Pending Home Sales Stabilize
Written on 2 Feb, 2010 at 14:40 in Blog | viewed 54 views times and users have made 0 comments so far
Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, increased 1... (Continue reading)
10 Home Features Buyers Want
Written on 1 Feb, 2010 at 12:36 in Blog | viewed 55 views times and users have made 0 comments so far
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,”... (Continue reading)
Ten Inexpensive Ways to Wow Buyers
Written on 26 Jan, 2010 at 14:29 in Blog | viewed 50 views times and users have made 0 comments so far
Here are 10 cheap ways to make a property more attractive to shoppers. Improve first impressions. Touch up the paint on the front door and other areas that buyers see first. Clean up the landscaping. Trim the hedges and trees and plant... (Continue reading)
Government Announces Short Sales Guidelines
Written on 2 Dec, 2009 at 19:47 in Blog | viewed 76 views times and users have made 0 comments so far
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. To qualify under these new guidelines: The property must be the home owner’s principal residence. The home owner must be delinquent on the mortgage or... (Continue reading)