5/18/2012 9:50:00 AM
Seller Tip - What Offer to Accept
Talking Points Most real estate professionals agree that the
first offer sellers receive on their home is usually the best offer. Of
course, this isn’t true in every situation, but there are reasons why
agents believe this, and why they often suggest ...
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5/18/2012 9:49:00 AM
Shopping for loans online
The New York Times Shopping for a mortgage online can save borrowers a lot of time, and possibly
money if they find the right deal. But working with these so-called online
marketplaces can also be overwhelming for some people, especially as the
various lender ...
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5/18/2012 9:48:00 AM
More mortgage reductions in California?
San Diego
Union-Tribune Officials with Keep Your Home California, which gives out mortgage aid,
announced last week that it now allows Freddie Mac and Fannie Mae to
participate in the $2 billion state program. Read the full story
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5/18/2012 9:45:00 AM
Mortgage deal cash is divvied
Los Angeles Times About half of the $410 million flowing into California’s coffers from the
national mortgage settlement with major banks will be pumped into the state’s
housing counselors and legal services agencies that help struggling homeowners. ...
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5/18/2012 9:43:00 AM
Shadow inventory: 46 months to clear distressed housing supply
DSNews It will take 46 months to clear the market’s supply of distressed homes, or the
shadow inventory, according to estimates from Standard & Poor’s Rating
Services based on first-quarter 2012 data. Read the full story
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5/18/2012 9:41:00 AM
Lenders are using a variety of tools to prevent mortgage fraud
The Los Angeles
Times Borrowers considering inflating their income, even just a tad, checking the box
to indicate they plan to live in the home when they’re not, or exaggerating
their job description better think twice. Lenders are turning to websites ...
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5/17/2012 3:44:00 PM
Internet crime increases in 2011
According to a report by the Internet Crime Complaint Center (IC3), 2011 marked the third consecutive year that the IC3 received more than 300,000 complaints. The 314,246 complaints represent a 3.4 percent increase over 2010. The reported dollar loss was $485.3 ...
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5/17/2012 3:42:00 PM
Housing affordability reaches all-time high in Q1 2012
Housing affordability in California set a new record high in first quarter 2012 rising to 56 percent, according to C.A.R.’s first quarter Housing Affordability Index. The increase can be attributed to record-low interest rates and stabilization in home ...
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5/17/2012 3:40:00 PM
Short Sale Soundoff: BofA increases relocation assistance payments
Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – from $2,500 to $30,000 – at the completion of a qualifying short sale. To qualify for the enhanced relocation ...
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5/17/2012 3:37:00 PM
Website helps homeowners, buyers protect the “American Dream”
Despite the fact that Americans overwhelmingly support homeownership, legislative and regulatory proposals now under consideration would greatly harm homeowners, home buyers, the housing market, and the nation's economy, according to the National Association ...
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