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  • More Lenders Suspend Foreclosures for Christmas 2009!

    As we shared last week, Fannie Mae, Freddie Mac, and Citigroup said they will not foreclose on families during the holidays. And as expected, other major lenders have followed suit, including Bank of America, JPMorgan Chase, and Wells Fargo. Bank of America is halting all foreclosure sales and evictions from December 21, 2009 ...
    Posted to Market Update (Weblog) by 278262 on December 22, 2009
  • Good Christmas Cheer for Homeowners in Foreclosure!

    In an unexpected gesture of goodwill, Fannie Mae and Freddie Mac will suspend foreclosure evictions from December 19, 2009 through January 3, 2010. To help struggling families over the holidays, both owner-occupants and tenants living in properties foreclosed upon by Fannie Mae will not be evicted. Freddie Mac's suspension of evictions ...
    Posted to Market Update (Weblog) by 278262 on December 18, 2009
  • It Is Getting Harder to Buy a House

    FHA to toughen rules for borrowers The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
    Posted to Market Update (Weblog) by 278262 on December 8, 2009
  • One in Four Borrowers is Underwater on their Home

    One in four borrowers is underwater Despite recent indicators that the housing market is improving,a new report shows that one in four mortgage borrowers are underwater, meaning they owe more on their mortgage than their home currently is worth. According to First American CoreLogic, nearly 10.7 million households had negative equity in ...
    Posted to Market Update (Weblog) by 278262 on November 29, 2009
  • Open House ~ Executive Home in Mockingbird Canyon, Riverside, on Sunday

    [calendar:2009-11-08 2009-11-08] Riverside County, California  -  We invite everyone to visit our open house at 14957 Old Grove Road on November 8 from 10:00 AM to 1:00 PM. Property information
    Posted to Market Update (Weblog) by 278262 on November 4, 2009
  • Newer 3 Bedroom Home For Sale in Central Riverside ~ Gated Community

    [photo:listing:5245006] Short Sale • 1,666 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $150,000 - Nice Price! Central Riverside, Riverside  -  Beautiful, nearly new KB home in gated community. Light and bright open floor plan with many upgrades. Large kitchen with granite counter tops, upgraded cabinets, and tile floor. ...
    Posted to Market Update (Weblog) by 278262 on September 28, 2009
  • Avoid Foreclosure

    Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
    Posted to Market Update (Weblog) by 278262 on July 26, 2009
  • 3803 Clarkson Street in Riverside is Sold!

    Riverside, San Bernardino  -  The 2 story at 3803 Clarkson Street has been sold. This was a short sale that the family owed over $400,000 and we were able to sell it for $189,000. AND the bank agreed with us, and told the seller they did not have to repay the difference! AND the bank paid all the fees associated with the sale, so it ...
    Posted to Market Update (Weblog) by 278262 on July 17, 2009
  • Do YOU Want $8000?

    Would You Like $8,000? Buy a Home. Soon! To stimulate the economy, Washington juiced up the stimulus plan passed last year in February. Two benefits for FTHBs (First Time Home Buyers) were that the amount of the tax credit was increased from up to $7,500 to $8,000. And, more importantly, the amount of the credit does not have to be ...
    Posted to Market Update (Weblog) by 278262 on July 14, 2009
  • CNN Says Housing Market may be Stabilizing!

    CNN is searching for a bottom in the housing market With consumer confidence rising in May to its highest level in eight months, housing starts increasing more than 17 percent in May compared with the previous month, and sales of existing homes climbing 2.9 percent in April nationwide, it appears that the housing market may be stabilizing. So ...
    Posted to Market Update (Weblog) by 278262 on July 5, 2009
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