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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)
Program Will Pay Homeowners to Sell at a Loss
Written on 9 Mar, 2010 at 8:56 in Blog | viewed 62 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 68 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)
Foreclosure Rate Rises 17 Percent
Written on 2 Oct, 2009 at 7:59 in Blog | viewed 77 views times and users have made 0 comments so far
The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday. Completed foreclosures... (Continue reading)
High credit scorers more likely to cut losses and halt payments
Written on 25 Sep, 2009 at 8:02 in Blog | viewed 93 views times and users have made 0 comments so far
WASHINGTON — Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores? It’s probably not who you think. New research using 24 million individual credit files has... (Continue reading)
Don’t be among victims of foreclosure-prevention scams
Written on 8 Sep, 2009 at 19:38 in News | viewed 72 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)
Learn How to Fight Back Against Your Lender and Save Your Home
Written on 23 Apr, 2009 at 19:38 in Loan Modifications | viewed 714 views times and users have made 0 comments so far
Loan Modification & Loss Mitigation Strategies A loan workout or loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Lenders are willing to negotiate when borrowers are facing financial difficulties... (Continue reading)
San Diego Loan Limits Published
Written on 25 Feb, 2009 at 16:00 in Blog | viewed 109 views times and users have made 0 comments so far
NAR has been working in Washington DC to help the Federal Government structure the American Recovery and Reinvestment Act of 2009. As a result of its passage, today HUD published changes to FHA’s single family loan limits. San Diego County: $697,500 Single... (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)