by countyproperties | Oct 13, 2012 | Current Affairs, Finance, Latest News
Bank of America to extinguish up to 150,000 second liens Borrowers with second liens owned and serviced by Bank of America may qualify to get their subordinate debt extinguished entirely. The banking giant mailed 150,000 letters to pre-qualified homeowners who are...
by countyproperties | Oct 13, 2012 | Latest News, San Diego Foreclosure news, San Diego Real Estate
Foreclosure activity reached a 5-year low in September with only 180,427 filings made on distressed properties, RealtyTrac said Thursday. The filings surveyed include default notices, scheduled foreclosure auctions and bank repossessions. Overall, September’s...
by countyproperties | Oct 13, 2012 | Latest News, Real Estate news
The housing recovery in California is expected to continue through to 2013, but the market won’t be “corrected” until as far off as 2017, according to the California Housing Market Forecast released by the CALIFORNIA ASSOCIATION OF REALTORS. Making...
by countyproperties | Oct 13, 2012 | Finance, Latest News, Real Estate news, San Diego Real Estate
The latest housing scorecard reflects an improving market, with rising home values taking homeowner equity to its highest level since the third quarter of 2008. Homeowner equity jumped $406 billion, or 5.9%, to $7,275 billion in the second quarter. The number of...
by countyproperties | Oct 13, 2012 | Finance, Latest News
The rate lock might be the most complicated issue mortgage borrowers need to understand.A rate lock is a guarantee that the lender will offer the borrower a specific combination of interest rate and points. A point is a fee or rebate equal to 1 percent of the loan...
