Proposed bill for home loan principal reduction in bankruptcy courts

by countyproperties | Feb 26, 2012 | Latest News, loan modification, Real Estate news, Short Sales

An Oregon congressman is backing a bill that, if passed, would allow bankruptcy judges to force principal modifications on primary home mortgages during bankruptcy. Rep. Earl Blumenauer, D-Ore., proposed The Bankruptcy Equity Act to amend bankruptcy laws to allow...

Fannie Mae says housing to boost GDP for first time in 7 years

by countyproperties | Feb 26, 2012 | Latest News, Real Estate news

The housing market is expected to make a positive contribution to gross domestic product for the first time in seven years in 2012, albeit a very modest one, Fannie Mae said Tuesday. The government-sponsored enterprise reported GDP growth of 2.8% in the fourth quarter...

California to Receive $18 Billion in Mortgage Settlement

by countyproperties | Feb 17, 2012 | Latest News, loan modification, Real Estate news, San Diego Real Estate, San Diego Short Sales

On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country’s five largest loan servicers. More than $12 billion will...

2012 looking like a strong year for multifamily construction

by countyproperties | Feb 17, 2012 | Real Estate news, San Diego Investment Properties, San Diego Real Estate

This year could bring a turnaround in both single-family and multifamily housing construction starts, analysts at Capital Economics said. Capital Economics made its assertion after the National Association of Home Builders reported homebuilder confidence in the...

San Diego Housing Inventories dropped drastically

by countyproperties | Feb 4, 2012 | Latest News, Real Estate news, Riverside foreclosure news, Riverside Real Estate, San Diego Foreclosure news, San Diego Real Estate

San Diego inventories of properties dropped significantly. The previous average number of active homes in all of San Diego County real estate MLS (multiple listing service) was 11,000 to 12,000 since 2007. The current number of active homes in all of San Diego...

5 good real estate phone apps

by countyproperties | Jan 29, 2012 | Latest News, Real Estate news

1. Genius Scan What it does: Puts a document scanner in your pocket. Enables you to use your phone’s camera to take a picture of a document, then email it to anyone in PDF or JPEG format. Why it’s useful: Many real estate agents now use digital document...