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Program Will Pay Homeowners to Sell at a Loss
Written on 9 Mar, 2010 at 8:56 in Blog | viewed 4 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)
Hefty tax bill may hit those who lost home
Written on 3 Mar, 2010 at 21:02 in Blog | viewed 18 views times and users have made 0 comments so far
San Diegans who have lost their homes through foreclosure or short-sales thought they had emerged from the dark times and could start rebuilding their lives. Then the state tax man came calling. With less than six weeks before taxes are... (Continue reading)
Could the Tax Credit Be Extended Again?
Written on 22 Feb, 2010 at 14:52 in Blog | viewed 14 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)
Affordability of housing dips in county
Written on 18 Feb, 2010 at 11:26 in Blog | viewed 13 views times and users have made 0 comments so far
San Diego County’s housing affordability has again dipped below the 50 percent level, the National Association of Home Builders said yesterday. The 48.1 score in the Housing Opportunity Index represents the percentage of homes sold in the fourth quarter that a... (Continue reading)
Property Values Fall Again
Written on 10 Feb, 2010 at 19:35 in Blog | viewed 18 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 13 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)
BUYING A HOME AFTER A FORECLOSURE
Written on 20 Jan, 2010 at 9:06 in Blog | viewed 21 views times and users have made 0 comments so far
Put your fears aside. Just because you have bad credit, filed bankruptcy or gone through a foreclosure does not mean you cannot buy a home. You most certainly can buy a home with bad credit. But you’re going to pay... (Continue reading)
Home prices climb for 2nd straight quarter
Written on 24 Nov, 2009 at 8:48 in Blog | viewed 45 views times and users have made 0 comments so far
NEW YORK (CNNMoney.com) — Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday. Prices nationwide rose 3.1% in the three months ended Sept. 30, according... (Continue reading)
Mortgage Delinquencies Are Still Rising, More Foreclosures to Come in 2010
Written on 18 Nov, 2009 at 18:30 in Blog | viewed 49 views times and users have made 0 comments so far
Mortgage delinquencies rose for the 11th straight month, reaching 6.25 percent in the third quarter from 3.96 percent a year earlier and 5.81 percent in the second quarter, according to the credit management company TransUnion. “Until the housing market can consistently... (Continue reading)
Fannie Mae Announces Deed for Lease Program
Written on 11 Nov, 2009 at 18:36 in News | viewed 65 views times and users have made 0 comments so far
WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)