by countyproperties | Nov 13, 2009 | Finance
Fewer banks tightened lending standards last quarter, Federal Reserve saysFewer U.S. banks tightened lending standards for companies and consumers in the third quarter as the economy grew for the first time in more than a year, a Federal Reserve survey showed. Demand...
by countyproperties | Nov 13, 2009 | Current Affairs, Finance
TAX CREDIT EXTENDED-It’s official President Barack Obama has signed into law the The Worker, Homeownership, and Business Assistance Act of 2009 which extended the tax credit of up to $8,000 for qualified first time home buyers purchasing a principle residents...
by countyproperties | Nov 9, 2009 | Current Affairs, Finance, Real Estate news
November 9, 2009 Mr. Arnold M. Levine 3111 Camino Del Rio North, Suite 400 San Diego, CA 92108 Dear Mr. Levine, Thank you for taking the time to share with me your support for extending the home buyer tax credit. I appreciate hearing from you on this important issue....
by countyproperties | Nov 7, 2009 | Real Estate news, San Diego Real Estate
Four California ZIP codes earned places on the third quarter “Hot Market” list . The list showcases ZIP codes where homes are selling for the greatest premium above list price. By contrast, California had eight of the top 10 markets in the...
by countyproperties | Nov 7, 2009 | Current Affairs, Real Estate news, Riverside Real Estate, San Diego Real Estate
NAR’s Pending Home Sales Index rose 6.1 percent to 110.1 in September compared with 103.8 in August. The index now is 21.2 percent higher than its September 2008 reading of 90.9, the largest annual increase on record, and is at its highest level since...
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...
