Is it good news yet for the first time buyer credit?


Posted by Peter on Oct 29, 2009 and stored in Consumer advice

A compromise may have been reached in the Senate …
…. to both extend and expand the $8000 first-time homebuyers tax credit.
 
That's good news for the housing industry. They believe the credit has brought new families to the housing market, helped contribute to 3 consecutive months of rising home prices nationwide and continues to help it [...]


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HAP. Homeowners Assistance Program.


Posted by Peter on May 22, 2009 and stored in Consumer advice, Foreclosure news

Military Homeowners Sellers Assistance Program.
Relocating can be a significant part of being in the military.
With new orders and a potential relocation every 18 months or so, buying and selling a home becomes especially challenging. During the height of the housing boom, selling a home could be done in a few days to a few [...]


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THE “OTHER VICTIMS” OF THE HOUSING CRISIS


Posted by Peter on Feb 6, 2009 and stored in Consumer advice

There are thousands of renters who have become victims of the current housing crisis due to banks foreclosing on the properties they have been living in. Many of these tenants are totally unaware that their landlords are in trouble until an eviction notice arrives in the mail or is posted on the front door.
Approximately [...]


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Affordability makes a comeback


Posted by Peter on Jan 14, 2009 and stored in Consumer advice

Many thought “affordability” of homes was just a thing of the past, never to be seen again by homebuyers in San Diego. Recent statistics though, may prove otherwise.
In the 3rd quarter for 2007 the affordability rate of 24% had many home buyers shaking their heads. Compare that to San Diego’s affordability rate of 51% in [...]


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Can’t Get a “Work Out”…


Posted by Peter on Nov 18, 2008 and stored in Consumer advice, Foreclosure news

…. you may be able to prevent your home in San Diego going into foreclosure – call Your Private Mortgage Insurance Provider!
Having trouble getting a hold of your lender to attempt to “work out” your mortgage… you are not alone?! There is a way to “work” the system! If you did not get an “80-20” [...]


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Not a pretty sight …


Posted by Peter on Oct 28, 2008 and stored in Consumer advice, Featured, Foreclosure news

Woman chains herself to her house to prevent eviction …
This lady appeared on several news channels last night hoping that the Sherrif did not turn up to evict her.
Unfortunately there is a lot more to this story than meets the eye – watch the video and then click over to our local NBC website and be [...]


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New meaning to “Locked In”


Posted by Peter on Oct 16, 2008 and stored in Consumer advice, Featured

Are you "Locked In" ??
The new reality of the San Diego real estate market has created a whole new meaning to the term “Locked In!”
With the waves of foreclosures and short sales sales hitting many local San Diego neighborhoods, homeowners are faced with negative home equity. They may be able to make thier payments but are literally “locked in” to their home [...]


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Resetting San Diego Mortgages


Posted by Peter on Oct 10, 2008 and stored in Consumer advice, Mortgage News

Mortgage resets ~
Many San Diego homeowners were put into loans that reset to higher interest rate – typically 2 to 5 years from the date the homeowner bought the house. The rational from the Mortgage Broker was that the borrower could refinance at a later date at a better rate.
Well guess what – in many [...]


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Abandoned So Cal foreclosures


Posted by Peter on Oct 3, 2008 and stored in Consumer advice

This very disturbing video covers Southern California Inland Empire’s “foreclosure alley”. Homes abandoned with furniture and personal belongings – even huge TV’s and features a team that is sent in to “trash out” all the stuff left behind.
A code enforcement officials sums up the problem in a single sentence – “You know you’re in trouble when [...]


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Advice from a real estate leader


Posted by Peter on Oct 2, 2008 and stored in Consumer advice

What to do if you are unable to pay your mortgage?
David Cabot, Executive Vice President of Prudential California Realty based here in San Diego, was interviewed on KUSI-TV’s Good Morning San Diego about the current housing situation.
He advised listeners to start by getting an expert negotiator on their side if you need to sell a [...]


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Lenders take the hit …


Posted by Peter on Sep 23, 2008 and stored in Consumer advice, Featured, Foreclosure news

All these homes in San Diego County sold during late August and September 2008.
We have included examples of short sales and foreclosures from across the County for San Diego homes in the $300,000 to $500,000 price range so you can appreciate some the losses the Lenders took. Some sellers also lost any equity they put into the [...]


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Are we there yet?


Posted by Peter on Sep 20, 2008 and stored in Consumer advice, Featured, Foreclosure news

Have we reached the bottom of the San Diego real estate market yet?
All parents know the dreaded phrase “are we there yet” emanating regularly from the back seat …
In this transparent world we live in it’s easy for all the pundits, economic forecasters, bubble commentators, news-writers and bloggers to comment on the latest statistics and credit [...]


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Renters Beware …


Posted by Peter on Sep 16, 2008 and stored in Consumer advice, Featured, Foreclosure news

…. San Diego Foreclosures Can Affect You Too!
With foreclosures hitting hard across San Diego County many renters are being faced with an issue that they have never had to deal with before ~ landlords facing foreclosure. The media has been so focused on the extent of the mortgage and real estate “crisis” that there has been [...]


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Looking for a deal ..


Posted by Peter on Sep 10, 2008 and stored in Consumer advice, Featured

Many are looking for the perfect San Diego home “deal” it’s worth bearing in mind that if you are not an investor and plan to live in the home for some time you should:

Remember if it’s a home to raise children in – are there safe community parks and other amenities nearby, like swimming pools and sporting opportunities such [...]


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