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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)
Existing-home sales fall for third straight month
Written on 23 Mar, 2010 at 8:04 in Blog | viewed 42 views times and users have made 0 comments so far
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Sales of existing homes have thus fallen three consecutive months, a reversal after having risen steadily through the fall in response to a federal subsidy for first-time home buyers. The tax credit has been restored and expanded to repeat buyers,... (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)
Hefty tax bill may hit those who lost home
Written on 3 Mar, 2010 at 21:02 in Blog | viewed 69 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)
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)
Don’t be among victims of foreclosure-prevention scams
Written on 8 Sep, 2009 at 19:38 in News | viewed 73 views times and users have made 0 comments so far
WASHINGTON – How’s this for a business plan to make money during the housing bust? You buy or rent lists of recent default filings from across the country – thousands of people who have been notified by lenders that if... (Continue reading)
Pending Home Sales on a Roll
Written on 3 Sep, 2009 at 9:46 in San Diego Real Estate | viewed 107 views times and users have made 0 comments so far
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index,1 a forward-looking... (Continue reading)
New Home Sales Surge 9.6% in July
Written on 26 Aug, 2009 at 19:19 in News | viewed 85 views times and users have made 0 comments so far
New U.S. home sales surged 9.6 percent in July, rising for the fourth straight month and beating expectations as the housing market shows continuing signs of rebounding from its historic downturn. The Commerce Department said Wednesday that sales rose to a... (Continue reading)
REAL ESTATE STABILIZATION
Written on 13 May, 2009 at 17:17 in News | viewed 69 views times and users have made 0 comments so far
Price Stabilization Is First Step to Recovery Home prices must stabilize before the broader economy can turn around, a panel of housing and economic experts said yesterday at a real estate summit hosted by the NATIONAL ASSOCIATION OF REALTORS® as... (Continue reading)
San Diego Short Sales Dying
Written on 17 Feb, 2009 at 17:09 in Short Sales | viewed 160 views times and users have made 0 comments so far
Having been in the business for nearly 4 years now we have been akin to the trends of the short sale market in San Diego. San Diego Short sales have dominated in markets such as Chula Vista, La Mesa, Spring... (Continue reading)