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C.A.R. Offers First Time Homeowners Peace of Mind with New Mortgage Protection Program

Wednesday, April 1st, 2009

To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.Through the Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to […]

Could 2009 Be The Time To Buy?

Thursday, March 26th, 2009

With home prices dropping and mortgage rates at an all time low, could this be the time to move out of that rental and into a home of your own? What would the difference be in the monthly payment, if any if you were to purchase a home now rather than pay rent??? Let’s take […]

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.

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 […]

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 […]

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, […]

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 […]

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 […]

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