U.S. Senator Dianne Feinstein responding to County Properties Message

by countyproperties | Aug 27, 2011 | Finance, Latest News, Real Estate news, San Diego Real Estate

DearMr.Levine: Thank you for contacting me to express your concern regarding recently announced criteria for “qualified residential mortgages” (QRMs). I appreciate hearing your thoughts on this issue and apologize for the delay in my response. As you know,...

Short Sales: In's and out's

by countyproperties | Aug 19, 2011 | Finance, Riverside Short Sales, San Diego Short Sales

Short sales – a real estate transaction in which the homeowner needs to sell the property, but owes more on the mortgage than the home currently is worth – continue to dominate the housing market, but these real estate transactions aren’t for everyone. Typically...

Is buying cheaper than renting?

by countyproperties | Aug 19, 2011 | Finance, Real Estate news, Riverside Real Estate, San Diego Investment Properties, San Diego Real Estate

Home prices have taken such a beating and demand for rental units has increased so much that it’s now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities. According to real estate web site Trulia, buying was cheaper than renting in 74%...

Special Program offers condo buyers up to $1500 for future association dues

by countyproperties | Aug 19, 2011 | Finance, Real Estate news, San Diego Foreclosure news

HomeSteps, the real estate sales unit of Freddie Mac, is offering “Condo Cash,” a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues. HomeSteps’ Condo Cash is limited...

Daily Real Estate News for sellers

by countyproperties | Aug 19, 2011 | Finance, Real Estate news

Here are the IRS’s top 10 tax tips for home sellers: 1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.”¨ 2. If you...

Buy a Home for as Little as 1/2% Down Payment

by countyproperties | Aug 14, 2011 | Finance, San Diego Real Estate

Wells Fargo has announced a new program available for helping all buyers (no first time homebuyer requirement) with their down payment. Unlike most down payment assistance programs that charge interest or have a recapture tax associated with it, Wells Fargo’s...