The U.S. Treasury has allocated nearly $700 million to CalHFA to help low-and moderate-income borrowers who have been impacted by unemployment and declining home values.  CalHFA now must submit a proposal by April 16 to the Treasury outlining innovative programs focused on foreclosure prevention and housing market stability.  The Treasury will review each proposal for compliance with program objectives and other requirements. The Treasury expects that CalHFA may begin drawing down funds within four to six weeks following submission of proposals, or mid-year.

Click here to get loan information before the rates go up. To get started on viewing homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO’s) or thinking of selling your property, please contact me today for free counseling at (619) 301-0200 visit our website, click www.CountyProperties.net

By the way…if you know of someone who would appreciate the level of service in real estate we provide, please call me or have them go to www.CountyProperties.net  and I’ll be happy to follow up and take great care of them.