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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 […]

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 […]

Buying a San Diego Condominium – Buyer Beware!

Monday, January 26th, 2009

Condominiums can be a great place to live as you share the cost of amenities such as pools, exercise room, bbq’s etc. One can experience great amenities at a fraction of the cost of having private pool. Of course, you may have to share that experience with your neighbors. With the Sub-Prime mortgage problem hitting […]

House Rebate.com’s Short Sale Program: Sell Your Home at No Cost and Avoid Foreclosure

Wednesday, January 14th, 2009

Consumers can now save their credit and avoid foreclosure by selling their home using the “Short Sale” process. For the first time, HouseRebate.com is now offering its Short Sale plan to troubled homeowners. The homeowner can sell their home even if their loan amount is greater than the value of the home with no out […]

Banks Promise Help But Foreclosures Still Likely

Wednesday, December 24th, 2008

Federal and state officials, eager to stabilize the housing market, have leaned hard on mortgage companies to honor their pledges to help more homeowners avoid foreclosure. But in California at least, the mounting pressure has so far produced only modest results.?? The most common from of avoiding a foreclosure is by negotiating a Loan Modification.?? […]

US Mortgage Rates Falling

Monday, December 15th, 2008

U.S. mortgage rates dropped the most they ever had in at least seven years at the end of November as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank???s benchmark rate had failed. The average rate for a 30-year fixed mortgage fell to about 5.5 percent. […]

Keep The Lines Of Communication Open

Thursday, December 11th, 2008

It doesn’t take long for your lender to contact you once you start to fall behind in your payments. Your lender will be eager to learn about your circumstances, and find out if you will be able to resume regular payments and how soon. It is very important you take any calls from your lender, […]

Free Home Loan Modification Kit Available To Distressed Home Owners

Thursday, December 11th, 2008

A free home loan modification kit available to distressed homeowners so they can stay in their homes. Many banks are now offering loan modifications to their existing lenders. You can reduce your loan payments by 25% or more and save your home. Homeowners who are behind on their payments can take advantage of a free […]

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