by countyproperties | Nov 7, 2009 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
Some homeowners underwater on their houses–who owe more on their mortgages than their homes are worth–wonder what would happen if they were to stop paying their mortgages. When lenders do not receive payments, the first action taken by the lender is to...
by countyproperties | Nov 7, 2009 | Finance, Riverside foreclosure news, Riverside Short Sales, San Diego Foreclosure news, San Diego Short Sales
Q 1. What is a “preforeclosure sale” is that the same as a short sale? A”A preforeclosure sale involves the sale of the property by the borrower to a third party for less than the amount owed to satify the delinquent mortgage, as agreed to by the...
by countyproperties | Nov 7, 2009 | Current Affairs, Finance, Real Estate news
Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30,...
by countyproperties | Oct 30, 2009 | Current Affairs
HAPPY HALLOWEEN! the history of Halloween! Halloween has been around since the 1800’s. Halloween has origins in the ancient festival known as Samhain. This festival was derived from Old Irish and means roughly “summer’s end.” This was a Gaelic...
by countyproperties | Oct 30, 2009 | Current Affairs
The legend is that if you sit in three of the graveyard chairs from midnight until one minute after midnight, you will have the ability to see ghosts — but you will pay with your life. This, however did not apply to three high-school football players on...
by countyproperties | Oct 30, 2009 | Riverside foreclosure news
Inland foreclosure rate decreases but is sixth-highest in U.S. With one foreclosure-related filing for every 30 homes, the Riverside-San Bernardino-Ontario market had the sixth-highest foreclosure rate in the nation in the third quarter of this year, according to a...
by countyproperties | Oct 30, 2009 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The median price of an existing, single-family home in California rose for the seventh consecutive month in September to $296,090, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ most-recent sales and price report. Home sales also increased in...
by countyproperties | Oct 30, 2009 | Finance
Some consumers with exceptional credit reports and high FICO scores are being denied mortgages by Fannie Mae’s automated underwriting system because there is a notation in the credit report that the consumer has disputed an item. Under the Fair Credit Reporting...
by countyproperties | Oct 30, 2009 | Luxury Homes, Real Estate news, Riverside Real Estate, San Diego Real Estate
Builders Have Little Incentive to Create More McMansions and Hardly Anyone is Buying. There are Deals Out There, But You Better Act Fast. If you’re looking to buy a brand-new McMansion in the ‘burbs, you’d better act fast. With home prices this low...
by countyproperties | Oct 30, 2009 | Finance, Real Estate news
According to the Associated Press, Senators have agreed to extend the tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. Reportedly, Senators agreed to extend the existing tax credit for first-time homebuyers while offering a...
by countyproperties | Oct 24, 2009 | Current Affairs, Finance
We are proud to announce County Properties new business partner Rose Batacan a loan officer with Bank of America Home Loans. Rose has over 22 years experience in real estate lending. Having worked in so many different capacities has provided Rose with the experience...
by countyproperties | Oct 24, 2009 | Finance, Riverside foreclosure news, San Diego Foreclosure news
That transaction, in which borrowers sell their house for less than they owe, has earned a reputation as a frustrating morass with banks taking weeks or months to respond to offers and then often rejecting them. Because lenders swallow a loss on short sales, they have...
by countyproperties | Oct 24, 2009 | Real Estate news
Purchasing a condo often is the first step in the homeownership process, and can be a good opportunity for first-time buyers. However, as more homeowners living in community developments with homeowner associations find themselves in trouble, many are not paying their...
by countyproperties | Oct 24, 2009 | Finance
Oct. 22 – Mortgage rates for 30-year fixed U.S. home loans rose for a second consecutive week, making borrowing more expensive and threatening signs of stabilization in the housing market. The average 30-year rate climbed to 5 percent from 4.92 percent last...
by countyproperties | Oct 24, 2009 | Current Affairs, Finance, Riverside foreclosure news, San Diego Foreclosure news
OBAMA ADMINISTRATION ANNOUNCES $60 MILLION IN HOUSING COUNSELING GRANTS TO NEARLY 500 NATIONAL, STATE AND LOCAL AGENCIES HUD to provide $60 million in housing counseling grants The U.S. Dept. of Housing and Urban Development (HUD) announced this week it will issue $60...
by countyproperties | Oct 16, 2009 | Finance, Real Estate news, Riverside Real Estate, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
Short Sell your existing home,and then Buy your next home concurrently! To Short Sell, the existing bank or lender agrees to discount the loan balancebecause of an economic or financial hardship on the part of the owner.These extenuating homeowner circumstances are...
by countyproperties | Oct 16, 2009 | Finance, Real Estate news
Increase in Homestead Exemptions: Coming into effect on January 1, 2010, the homestead exemption protecting a homeowner’s equity from judgment creditors has been increased by $25,000 across the board to $75,000 for individuals, $100,000 for married couples or...
by countyproperties | Oct 16, 2009 | Latest News
Survey: Economists say recession is over, predict moderate, slow-paced recoveryMore than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt...
by countyproperties | Oct 16, 2009 | Latest News
Housing upturn occurring in some parts of Southern California, data showThe median sales price in some areas rose last month for the first time since the market crashed in 2007, according to MDA DataQuick. Southern California’s housing market took another small...
by countyproperties | Oct 16, 2009 | Latest News
“¢ The federal government is offering some financial incentives in the form of a tax credit to homeowners making home improvements. The credits can be claimed on income taxes for the year in which the improvements were purchased–either 2009 or 2010. With a...
