by countyproperties | Feb 19, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
President Obama unveiled the Homeowner Affordability and Stability Plan, which will offer assistance to as many as 9 million homeowners, while attempting to prevent the destructive impact of foreclosures on families and communities. The plan contains three main...
by countyproperties | Feb 19, 2009 | Finance
Home buyers to be dinged with new fees, beginning April 1, 2009 Fannie Mae and Freddie Mac will increase mandatory fees and toughen credit-score and down-payment rules. Under the new guidelines, applicants will be charged more for down payments of less than 30...
by countyproperties | Feb 19, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Often the changes involve easing up on the interest rate or changing the payment schedule to give you more breathing room. Banks can offer loan modifications or other programs if you’re behind — or will soon be — on a mortgage.Often the changes...
by countyproperties | Feb 12, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Fannie Mae recently announced an expanded policy regarding multiple mortgages to the same borrower. To help support the recovery of the housing market, Fannie Mae is increasing its limit from four loans per borrower when the mortgage being delivered to Fannie Mae is...
by countyproperties | Feb 12, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Although some housing markets across the nation have experienced price declines of 50 percent or more from their peaks, namely in high-cost states such as Florida and California, it appears a bottom is in sight. According to a report from Moody’s Economy.com,...
by countyproperties | Feb 12, 2009 | Paradise Hills Real Estate
Paradise Hills is located in southeast San Diego and is between Lemon Grove and National City. Paradise Hills is spread out over hills and canyons, offering spectacular views of San Diego Bay, Downtown San Diego, Coronado, and the Pacific Ocean. Also, Paradise Creek...
by countyproperties | Feb 5, 2009 | Current Affairs, Finance
FYI The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors...
by countyproperties | Feb 5, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Obama says time for action on recovery plan is now WASHINGTON – President Barack Obama says the time for talk on an economic recovery package is over and “the time for action is now.” Speaking at the Energy Department, Obama made a fresh plea for the...
by countyproperties | Feb 5, 2009 | Current Affairs, Finance, Riverside foreclosure news, San Diego Foreclosure news
FREDDIE MAC LAUNCHES NEW WORKOUT PLAN FOR HIGH-RISK LOANSFreddie Mac yesterday announced a new Workout Strategy For High Risk Loans pilot program designed to keep more at-risk borrowers in their homes by employing third-party servicers that specialize in servicing...
by countyproperties | Feb 3, 2009 | Current Affairs
This year our company went Del Mar’s Charthouse (North San Diego county) for the company dinner to start off the New Year. Lisa Levine (Vice President) and her husband (Broker) Arnie Levine, Veronica Wade (Coordinater) and her husband Mark Wade, Laura-Marie...
by countyproperties | Jan 29, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
This evening, the U.S. House of Representative passed H.R. 1, the Economic Recovery Package, by a 244 to 188 vote. The bill contains a number of issues critical to REALTORS® and the industry, including the extension, until the end of 2009, of all...
by countyproperties | Jan 22, 2009 | Current Affairs
On an extraordinary day in America, people of all colors and ages waited for hours yesterday in freezing temperatures to witness the moment a young black man took command of a nation founded by slave owners. This was a scene watched in fascination by millions – maybe...
by countyproperties | Jan 22, 2009 | Current Affairs, Finance, Real Estate news
While still low, the index of consumer sentiment unexpectedly rises to 61.9 in January from 60.1 in December. NEW YORK (Reuters) — U.S. consumer confidence rose slightly in January but remained at comparatively depressed levels, with continued expectations...
by countyproperties | Jan 22, 2009 | Serra Mesa Real Estate
Serra Mesa is a community in San Diego, CA. There is a small park conveniently nestled within the neighborhood area. Also, they have a spacious, grassy ball field, two playgrounds for young children, and an outdoor basketball court. You will also find the Serra Mesa...
by countyproperties | Jan 22, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The Internal Revenue Service (IRS) recently announced it will expedite its process of providing relief from federal tax liens for distressed homeowners. With more than one million current federal tax liens against real and personal property, the IRS announcement...
by countyproperties | Jan 15, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The Federal Reserve’s announcement that it’s purchasing up to $500 billion of securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, has contributed to a reduction in mortgage rates to record lows. However, some mortgage experts warn that the low...
by countyproperties | Jan 15, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Fannie Mae last week announced it would extend the suspension of foreclosure sales and evictions from single-family properties through Jan. 31, 2009, enabling the company to work with mortgage servicers to further implement the Streamlined Modification Program (SMP)...
by countyproperties | Jan 15, 2009 | Current Affairs, Finance, Real Estate news
WASHINGTON – A divided Senate has approved President-elect Barack Obama’s request for $350 billion in unspent financial bailout funds. The 52-42 vote releases the money in the midst of rising foreclosures and a worsening climate for the nation’s banks. It...
by countyproperties | Jan 15, 2009 | Current Affairs
“I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up and live out the true meaning of its...
by countyproperties | Jan 9, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates dip to new all-time lowFreddie Mac reported that average rates on 30-year, fixed-rate mortgages dropped to 5.01 percent for the week ending Jan. 8, setting a new record low and the tenth consecutive weekly decline. Best bet for a home loan now Stricter...
