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The Humorous Side of Buying A Foreclosure Property

Friday, October 16th, 2009

The Biggest Loser — San Diego’s Largest Foreclosure

Wednesday, February 25th, 2009

The Vivienda Estate, built for over $11 Million dollars in 2006, was foreclosed upon. There were no bidders for the 17 bedroom, 9 bath, 16,330 square foot home at the $2.275 asking price. This home is currently the largest San Diego foreclosure. HouseRebate.com anticipates this home to be available for sale in the coming weeks.

President Obama Offers Up $75 Billion Foreclosure Life Line

Friday, February 20th, 2009

President Obama announced Wednesday that he will be making $75 Billion available to help 9 million homeowners who are facing foreclosure.?? Obama declared the need for drastic action in the face of the growing economic crisis and stated that the funding will help to keep the housing crisis from wreaking further havoc on our already […]

Fannie Mae Drops 4-Property Limit for Investors

Wednesday, February 18th, 2009

Investors around the country are cheering as Fannie Mae announced this week that they are lifiting the 4 property limit for investors.?? Fannie Mae’s official announcement reads:?? “Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery.” This is great news […]

Senate Bill Raises The Conforming Loan Limit For FHA Loans

Monday, February 16th, 2009

Last week, the U.S. Senate passed the American Recovery and Reinvestment Act of 2009, with the final tab for the stimulus bill coming in at $787.2 billion. On the housing front, the good news is that the legislation resets the conforming loan limit cap at $729,750, up from $625,500. Numerous counties in California experienced a […]

HouseRebate.com Announces January 2009 San Diego Foreclosure Numbers

Wednesday, February 11th, 2009

San Diego continues to have a large foreclosure inventory, giving potential San Diego homebuyers and investors great buying opportunities. There are currently 3,738 San Diego bank-owned properties. Buyers have been taking advantage of low prices and distressed properties. Investors are taking advantage of the excellent pricing and lower interest rates. With over 1,696 San Diego […]

New Aid Will Turn Renters Into Homeowners

Monday, February 9th, 2009

San Diego Communities that have been hard hit by forecolsures may get some relief when as many as 300 homeowners recieve part of a $17 million federal??aid package designed to clean up some of the hardest hit areas.?? The federal aid is hardly a cure all, but it is a start in the right direction […]

Freddie Mac Is Opening The Doors To Workouts On At Risk Loans

Friday, February 6th, 2009

Freddie Mac??is opening it’s doors to??the influx of borrowers requesting loan modifications or other workouts.?? Freddie will be employing the help of third party servicers to help service Alt A and other types of High Risk Loans.?? The new plan will help keep at-risk borrowers in their homes and avoid foreclosures. Under the new program […]

Could A Bankruptcy Judge Fix Your Home Loan?

Wednesday, February 4th, 2009

One of the most powerfull allies of a distressed homeowner facing foreclosure, might be a Bankruptcy Judge if the House and Senate have their way in new legislation allowing judges to “cram down” home loans. In Bankruptcy proceedings the terms of every loan is fair game for a judge to adjust except for the loan […]

Top US Banks Offering Loan Modification Packages

Wednesday, January 28th, 2009

Major US lenders have??announced they are aggressively reworking mortgage loans to help homeowners remain in their homes.?? The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac loans, along with the HOPE NOW alliance of lenders, launched a “Streamlined Modification Plan”??in December. IndyMac Federal Bank also announced a systematic and streamlined loan modification […]

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