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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 ...]

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.

Latest Home Price By County in California

The Ranking of Median Home Price of California Counties: San Mateo – $825,000 Marin – $823,980 San Francisco – $741,850 Contra Costa – $698,810 Orange – $567,910 Santa Cruz – $495,000 Alameda – $493,240 Santa Barbara – $477,780 Ventura – $429,520 San Diego – $388,100 San Luis Obispo – $387,500 Sonoma – $359,570 [read more ...]

Top 20 metros for rising home prices

Median single-family existing-home prices rose on a yearly basis in just over half of 146 markets tracked by the National Association of REALTORS® in the first quarter, indicating prices are stabilizing, the trade group said today.

 

Nationally, the U.S. median single-family existing-home price dipped 0.4 percent from a year ago in the [read more ...]

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 ...]

IMproved HARP Refinance Program Expanded

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

HARP Refinance Program Expanded

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the Home Affordable Refinance Program (HARP) by removing the current 125 [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 ...]

The Game of Monopoly

The Rules from The Game of Monopoly:

“The Bank never ‘goes broke’. If the Bank runs out of money, the Banker may issue as much more as may be needed by writing on any ordinary paper.”

DENIED!! Home Buyers Rejection Rate High

The title for this NY Times post is “Triggers for Rejection” – about 2 millions wanna be home owners got rejected on the loan process due to various reasons.

Here’s a few tips and remedies to improve your chance to get approval:

1) Insufficient income – Remedy : buy a house that [read more ...]

For those who LOVE or HATE Robert Kiyosaki….

A Reply to a Blog Post: I hope you are all speaking from your ‘own’ experience because what I am about to tell you is my own experience and I have DONE it.

I read Rich Dad Pool Dad in year 2001 – the lowest point of my life. I got laid off [read more ...]