by countyproperties | Mar 2, 2012 | Finance, Latest News, Real Estate news
The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie...
by countyproperties | Mar 2, 2012 | Latest News, Real Estate news, San Diego Foreclosure news, San Diego Investment Properties
The year-end inventory of foreclosed homes at Fannie Mae fell for the first time since the housing downturn. In 2011, Fannie reduced its REO inventory 27% to roughly 118,500, according to its fourth quarter financial filing. Levels increased every year since 2007. For...
by countyproperties | Feb 26, 2012 | loan modification, Real Estate news
Four easy-to-answer questions will determine if Keep Your Home California could work for you. And we’re not talking about fingers-and-toes counting, mind-numbing questions. Do you own and occupy your home as your primary residence? Is your home in California? Is...
by countyproperties | Feb 26, 2012 | Finance, Latest News, Real Estate news
The Labor Department said the seasonally adjusted figure of initial claims for the week ended Feb. 18 was 351,000 unchanged from the previous week, which was revised upward 3,000. Analysts surveyed by Econoday expected 355,000 new jobless claims last week with a range...
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...
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...
