Home Affordable Refinance Program Opens New Doors For Distressed Homeowners

Friday, March 20th, 2009

4 to 5 million homeowners in owner-occupied borrowers with conforming Fannie Mae or Freddie Mac loans?? are going to be receiving help from The Obama Administration.????The new program will help to refinance up to 105 percent of the current market value of their properties. That plan is to help homeowners refinance thier homes when they […]

Could a new Tax Credit make this the time to buy?

Friday, February 13th, 2009

As senators jockey for position and work to coming to an agreement that will best help the American people and the overall economy, the stimulus plan originally pushed forward by Barack Obama is changing. Last week, the Senate voted to include an amendment to the bill which would provide a tax credit for homebuyers. If […]

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 […]

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 […]

Use a Reverse Offer To Get Your Buyers Attention

Monday, February 2nd, 2009

To sell your house you may need to make the first move, take the bull by the horns and make your potential buyer an offer they can’t refuse. So you’ve had your home on the market for several months no one has made a single offer.?? There have been some folks who have shown interest, […]

Pitfalls to Avoid during the Loan Modification Process

Thursday, January 22nd, 2009

A Loan Modification is a valuable tool in helping homeowners get back on track with their loans and protect their homes from foreclosure, but often even after a loan modification people end up right back where they were, and sometimes even worse.?? In fact, more than half (55%) of loans modified in the first nine […]

Fannie Mae Sets New Condo Occupancy Rules

Tuesday, January 13th, 2009

New Project Eligibility Review Service (PERS) for condo and co-op projects and changes to its condo and co-op project policies have been announced by Fannie Mae. The announcement clarifies how REO units are treated for determining the owner-occupancy ratio. Established projects, where borrowers will occupy the unit or use the unit as a second home, […]

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.?? […]

Federal Reserve Announces $800 Billion To Stimulate Lending

Thursday, December 11th, 2008

According to the New York Times, The Federal Reserve and the Treasury announced $800 billion in new lending programs by printing to more money to bolster the mortgage market. The mortgage markets responded quickly to the Fed’s announcement that it will buy up to $600 billion in debt related to mortgages guaranteed by Fannie Mae […]

Government Take Over to Bolster San Diego Real Estate

Thursday, December 11th, 2008

According to Sandicor, there were 2,562 San Diego home sales in August 2008. Approximately 32 percent of these sales were San Diego bank owned properties due to San Diego foreclosures. To view the current list of San Diego Foreclosure properties, visit HouseRebate.com. ?? ?? The Federal Government takeover of Fannie Mae and Freddie Mac has […]

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