HARP II UPDATE   As a BIG reminder, this program is merely an update to the HARP programs (DU refi plus or LP open access)  that have been in play for the last couple years. Below are some highlights to have in your pocket.   ·         The HARP program is ONLY for REFINANCING if your [...]

LOS ANGELES — Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure. And if you got out from under an oppressive mortgage through a short sale — when the bank agrees to accept less than what the homeowner owes — lenders can look upon you [...]

With competition high, sellers may be intervening more when it comes to selling their home, and it can cause personalities to clash. Because it might take a little longer to find a buyer nowadays, some sellers are getting very “hands on,” proofreading every line carefully on the MLS and brochures, and questioning your every step, [...]

http://rismedia.com/2012-03-11/what-you-need-to-know-about-cancellation-of-mortgage-debt/print/#  Posted via email from North San Diego Homes and Community

As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process. Here are some of the new requirements for servicers under the settlement:  Servicers must provide borrowers with a decision within 30 [...]

What You Need to Know about Cancellation of Mortgage Debt Posted By susanne On March 11, 2012 @ 1:07 pm In Consumer News and Advice,Home Owner News,Real Estate Information,Today’s Top Story,Today’s Top Story – Consumer | No Comments [1]This column is brought to you by the NAR Real Estate Services group. A lender will, on [...]

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  Spring Ahead!  Don’t forget to turn your clocks ahead on Sunday, March 11th!     Hello!  Did you know…   Daylight Saving Time saves electricity. In 1784, Benjamin Franklin was among the first Americans to discuss the idea of DST as a way to conserve the cost of lighting for shops. He wanted to [...]

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. Posted via email from North San Diego Homes and Community

Fast Facts Calif. median home price: January 2012: $268,280 (Source: C.A.R.)Calif. highest median home price by region/county January 2012: Marin, $694,440 (Source: C.A.R.) Calif. lowest median home price by region/county January 2012: Tehama, $110,000 (Source: C.A.R.) Calif. Pending Home Sales Index: January 2012: 102.4, an increase from the revised 93.1 recorded in January 2011   Calif. Traditional Housing Affordability Index: Fourth quarter 2011: 55 percent (Source: [...]