by countyproperties | Jan 13, 2013 | Finance, San Diego Foreclosure news, San Diego Short Sales
In the beginning of January 2013, Congress reached an agreement in the “fiscal cliff” negotiations, and President Obama signed the American Taxpayers Relief Act into law last Wednesday. C.A.R. would like to recognize and thank the tens of thousands of...
by countyproperties | Jan 13, 2013 | loan modification, San Diego Short Sales
Homeowners having trouble paying their mortgage are often required to write a hardship letter when applying for a loan modification. Such a letter is a requirement for modification applications under the government’s Making Home Affordable program. A hardship...
by countyproperties | Jan 13, 2013 | Finance, San Diego Foreclosure news
Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board...
by countyproperties | Jan 13, 2013 | Finance, Luxury Homes
Luxury real estate surged in 2012. Nationally, the number of home sales priced at $1 million or more hit a four-year high in the first nine months of 2012, according to DataQuick MDA, and jumbo mortgages are up about 23%, according to the Wall Street Journal....
by countyproperties | Dec 27, 2012 | Current Affairs
History of New Year’s Eve New Year’s Eve is December 31 of every year. It is celebrated in countries that use the Gregorian calendar with the United States, Australia, British Isles, North & South America, Europe, Scandinavia and (the former) Soviet...
by countyproperties | Dec 27, 2012 | San Diego Foreclosure news
November 2012 California foreclosure inventory–the total of Preforeclosures, properties in foreclosure that are Scheduled for Sale, and Bank Owned properties (REO)–fell 7.6 percent from the prior month and is down 31.8 percent compared to last year. While the November...
by countyproperties | Dec 27, 2012 | Real Estate news
TransUnion released its annual forecasts on mortgage delinquency rates. The national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) is projected to decline to 5.06 percent by the end of 2013 from an estimated 5.32 percent at the...
by countyproperties | Dec 27, 2012 | Real Estate news
California’s median price continued to register double-digit gains from year-ago levels and strong sales of higher-priced homes led to a year-over-year increase in sales in California during November, the CALIFORNIA ASSOCIATION OF REALTORS® reported...
by countyproperties | Dec 9, 2012 | Current Affairs
December 9 & 16 41st Annual San Diego Bay Parade of Lights This event features a large fleet of private craft decorated and illuminated for the holidays. The boat parade will travel a 7-mile route from Shelter Island to Coronado. This is a free event. Time:...
by countyproperties | Dec 9, 2012 | San Diego Foreclosure news, San Diego Short Sales
One of the federal government’s most-important financial relief efforts for underwater homeowners started operating Nov. 1. Making sense of the story Traditionally short sales, where the lender agrees to accept less than the full amount owed and the house is...
by countyproperties | Dec 9, 2012 | Latest News
A recent study by the Center for Housing Policy and the Center for Neighborhood Technology suggests that borrowers of moderate means would be smart to calculate the costs of commuting before buying. Making sense of the story The study, which looked at transportation...
by countyproperties | Dec 9, 2012 | San Diego Investment Properties, San Diego Real Estate
Although real estate is local, in general, there are at least five significant contributors to rising prices: Housing affordability, increasing housing formation, rising rents, low inventory, and limited supply of distressed sales. Housing affordability is attractive...
by countyproperties | Dec 9, 2012 | Finance
The U.S. housing market is becoming the leading source of strength for the long-sluggish American economic recovery, outpacing both business investment and exports. But even with the return of that crucial linchpin, job growth is expected to remain weak next year, a...
by countyproperties | Dec 9, 2012 | San Diego Real Estate
The CoreLogic Home Price Index (HPI) showed that home prices nationwide, including distressed sales, increased on a year-over-year basis by 6.3 percent in October 2012 compared to October 2011. This change represents the biggest increase since June 2006 and the eighth...
by countyproperties | Nov 22, 2012 | Current Affairs
In September 1620, a small ship called the Mayflower left Plymouth, England, carrying 102 passengers–an assortment of religious separatists seeking a new home where they could freely practice their faith and other individuals lured by the promise of prosperity and...
by countyproperties | Nov 22, 2012 | Finance, Latest News, Short Sales
Four attorneys general are leading the fight to extend tax relief to homeowners who faced financial hardship such as a foreclosure and were granted mortgage debt forgiveness. Attorneys General Lisa Madigan of Illinois, Pam Bondi of Florida, George Jepsen of...
by countyproperties | Nov 22, 2012 | Latest News, San Diego Foreclosure news
The national mortgage delinquency rate declined from the second quarter to the third quarter, but still remains above normal levels, credit bureau TransUnion said this week.The delinquency rate, which includes the rate of borrowers who are 60 or more days past due,...
by countyproperties | Nov 22, 2012 | Latest News, Real Estate news
Bank of America Merrill Lynch revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by 5% in the fourth quarter over 4Q 2011.That translates into an average price gain of 2.1%...
by countyproperties | Nov 6, 2012 | Finance, Latest News
Realtors are not tax attorneys or accountants. We do not give legal or tax advice, please, always seek the advice of your tax attorney/accountant.
by countyproperties | Nov 2, 2012 | Current Affairs
November 3 – 4, Escondido Renaissance Faire The age of chivalry will be recreated among the wonders of nature. Activities include battle pageants, music in the streets, jugglers and hundreds of costumed re-enactors performing in this giant outdoor play. See website...
