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Quiz: Homebuyers lack mortgage know-how

by countyproperties | May 20, 2011 | Finance, Latest News

Zillow says 44% admit they’re not confident in knowledge of home-loan process Test your knowledge: True or false, the rates of 5/1 adjustable-rate mortgages always increase after five years. If you answered true, then you’ve joined 57 percent of people who...

New San Diego County home loan limits effective Oct.1, 2011

by countyproperties | May 20, 2011 | Finance, Latest News

The Temporary Loan Limits* are scheduled to expire on Friday, Sept. 30, 2011, for the following programs: High Balance Conforming Loan Program Super Conforming Mortgage Program High Balance FHA Loan Program High Balance VA Loan Program Fannie Mae HomePath®...

Last week in review U.S. economic summary

by countyproperties | May 15, 2011 | Current Affairs, Finance

After two disappointing employment reports earlier last week – in the form of the ADP National Employment Report and the weekly Initial Jobless Claims Report – the labor market finally received some positive news on Friday when the Labor Department released their...

The Falling Dollar and the Impact on Real Estate

by countyproperties | May 6, 2011 | Finance, Latest News, San Diego Real Estate

The U.S. dollar has been weakening for the past two years and the depreciation could continue for the remainder of the year. The dollar is weaker not only against the major foreign currencies of the Euro, Pound, and the Yen, but also against the Russian Ruble, Polish...

Updated HOT LIST of Fannie REO’S (sneak preview before in MLS)

by countyproperties | Apr 8, 2011 | Finance, Government Owned Properties, San Diego Foreclosure news

To address their growing inventory of properties, Fannie Mae and Freddie Mac are working to sell nearly 150,000 foreclosed homes. That means incentives to the buyers out there, YOU! WASHINGTON, DC – Fannie Mae announced that qualified home buyers who will be...

What is a Mello-Roos fee?

by countyproperties | Mar 17, 2011 | Current Affairs, Finance, Real Estate news

A Mello-Roos fee is a separate charge on a property tax bill in addition to the 1% property tax rate allowed by Proposition 13. The funds are used exclusively to pay for public facilities such as police and fire departments, schools, parks, roads and libraries, etc....
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