by countyproperties | Oct 19, 2012 | Finance, Real Estate news
Learn the most important takeaways for REALTORS® when it comes to the 3.8% tax that’s part of health care reform: When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you...
by countyproperties | Oct 19, 2012 | San Diego Foreclosure news, San Diego Short Sales
Very often there arises a question in your mind as to whether you should stop making the mortgage payments since it is beyond your affordability. There are many mortgage questions and answers that a prospective homeowner requires knowing but very few actually solve...
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
Thelatest 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...
by countyproperties | Sep 27, 2012 | Latest News, San Diego Foreclosure news, San Diego Real Estate
U.S. home prices rose 3.7% for the 12-month period ending in July when compared to year earlier levels, the Federal Housing Finance Agency said Tuesday. The index edged up 0.2% from June to July, and June’s reported 0.7% increase was revised down to 0.6%. The...
by countyproperties | Sep 27, 2012 | Latest News, San Diego Real Estate
Pending home sales in California increased in August from July levels even as inventory levels in the sales pipeline declined over year ago levels. The California Association of Realtors made those assertions this week, noting its pending home sales index rose 2.7%...
by countyproperties | Sep 27, 2012 | Latest News, San Diego Real Estate
The gap between the visible supply of houses and the total housing supply remains such that borrowers may start to compete for well-kept, vacant homes. Goldman Sachs is also warning clients that REO investors are bidding up for shrinking reserves of properties. This...
by countyproperties | Sep 27, 2012 | Finance, Latest News, San Diego Real Estate
The Federal Reserve’s continued purchase of mortgage securities took the 30-year fixed-rate mortgage down to unchartered territory this week. The Freddie Mac survey showed the 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s...
by countyproperties | Sep 18, 2012 | Latest News, San Diego Foreclosure news
Foreclosure Filings–Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale. Foreclosure Outcomes–After the...
by countyproperties | Sep 18, 2012 | Finance, Latest News, San Diego Real Estate
Higher-dollar mortgages that typically finance bigger, pricier homes, widely called “jumbo loans,” may be getting easier to obtain. Such loans became popular during the housing boom as home prices soared and lending guidelines were lax. But they petered...
by countyproperties | Sep 18, 2012 | Finance, Latest News
With rates for 30-year mortgages hovering below 4 percent since last October, all kinds of homeowners are trying to get their monthly mortgages reduced, say lenders and mortgage experts.Along with months of record-breaking low interest rates, other factors are driving...
by countyproperties | Sep 18, 2012 | Latest News, San Diego Short Sales
Homeowners who qualify for the Fannie-Freddie short-sale program could see their credit scores fall, even when they’ve made timely payments on their loans. With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short...
by countyproperties | Aug 27, 2012 | Commercial Real Estate
A slowdown in job creation and ongoing tight loan availability has tempered growth in some of the major commercial real estate sectors, according to the National Association of Realtors quarterly commercial real estate forecast. Although still positive, dampened...
by countyproperties | Aug 27, 2012 | Latest News, San Diego Real Estate
Existing home sales rose in July, pushing prices up for the fifth straight month, according to the National Association of Realtors. Sales of existing single-family homes, town homes and condos increased 2.3% to an annual rate of 4.47 million properties. It’s...
by countyproperties | Aug 27, 2012 | Latest News, San Diego Real Estate
California is seeing a housing recovery of sorts with the median sales price reaching a four-year high in July and home sales rising 15.3% from last year, the California Association of Realtors said. The month of July brought 529,230 home sales in California, up 2%...
by countyproperties | Aug 16, 2012 | Latest News, San Diego Real Estate
California home prices in July reached their highest level since 2008, according to analytics firm DataQuick. Home sales in the Golden State went for a median price of $281,000 in July, up 11.5% from one year ago and 2.6% from the previous month. July marked the...
by countyproperties | Aug 16, 2012 | Latest News, San Diego Foreclosure news
Foreclosure Filings–Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner’s final notice before sale. Foreclosure Outcomes–After the filing of a...
