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Bank of America Notifies Eligible Mortgage Customers of Second Lien Mortgage Debt Extinguishment

Friday, September 28, 2012 4:20 pm EDT from Bank of America website

As part of Bank of America’s ongoing efforts to help customers in need of mortgage assistance, this company is in the process of mailing approximately 150,000 letters to pre-qualified [read more ...]

FHA Waives 3 Years Wait Time for Short Sellers..

Real Estate Blog : Investment Property : Los Angeles : Manhattan Beach : Hermosa Beach : Redondo Beach : Palos Verdes : Torrance

This may help a few of ‘Short Sale Sellers’ who  have already “short sold”  their homes…or it can  make a big difference to future Short Sellers who are considering a “short sale”.

FHA has financing for homeowners who are short selling their home and wants to repurchase another home after the short [read more ...]

Lenders Tighten Rules on Self Employed Borrowers

Real Estate Blog : Residential Commercial Income Investment Property

The ever changing lending rules is different by the hours (OK, I am kidding) but by the weeks is pretty close.

One of the latest is Fannie Mae will tighten the guidelines for self employed borrowers on October 27 2012. How Tight?? We don’t [read more ...]

Bidding Wars are BACK in some areas.

California Home Price is stabilizing….

Interest rate is all time low….

Buyers’ Confidences are back….

Home Inventory is low….

That Means = Bidding Wars are BACK in some areas.

If you are planning or thinking of selling, it’s not a bad time to do so.

2012 be the Record Year for Short Sales

2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac.

2012 will be the record year for short sale foreclosures

Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A [read more ...]

Real Estate’s Bidding Wars Are Back

news

Pending-home sales in March hit their highest level since April 2010, spurring the return of real-estate bidding wars. Nick Timiraos reports on The News Hub. Photo: Peter Earl McCollough for The Wall Street [read more ...]

Are the Federal Reserve and Its Primary Dealer Banks Manipulating the Stock Market?

The Federal Reserve is rotten to the core.

Real Estate Blog : Residential Commercial Income Investment Property

If the Federal Reserve don’t even have to report to Congress, the President, or any Government entity, why would the Fed report to us!!! They are GOD on their own, and ‘Friends’ with Wall Street and the [read more ...]

The Nation’s Scariest Event at Halloween

US: The scariest event to happen on Halloween is that the national debt will surpass the GDP. That means the federal government now owes more than the value of what is produced all year long by all Americans. ZeroHedge 2011 Oct 19

Ben Bernake is killing the middle class.

Amada’s Comment Get [read more ...]

Bill would encourage foreigners to buy U.S. homes

A house in San Marino, where median home prices have risen — largely because of Asian home buyers and investors — even as real estate values in the region have declined. (Gary Friedman, Los Angeles Times / January 27, 2011)

Article from L.A. Time. This could be a help of our depressed market. [read more ...]

California gets the Crown : Hottest Neighborhoods for Foreclosure Searches

Real Estate Blog : Investment Property : Los Angeles : Manhattan Beach : Hermosa Beach : Redondo Beach : Palos Verdes : Torrance

Top 10 hottest neighborhoods for foreclosure searches

California took the Crown on 5 out of 10.

1) Bullard, Fresno, California 2) Sylmar, Los Angeles, California 3) Sherman Oaks, Los Angeles, California 4) Roosevelt, Fresno, California 5) North Scottsdale, Scottsdale, Ariz 6) Mclane, Fresno, California 7) Summerlin North, Las Vegas, Nevada 8) Enterprise, Las [read more ...]