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April 2008 - Posts

San Diego Foreclosure Filings For 1st Qrt Of 2008...
Data for houses and condos, where the property type and ZIP code were available in the public record. Number of foreclosures (trustees deeds recorded) Place ZIP Q1 2007 Q1 2008 % change # Q1 '08 trustees deeds per 1,000 homes Chula Vista SE 91915 Read More...
Brokers Open House in La Mesa on Weds, Apr 23rd Btwn 10 a.m. - 1 p.m. - EVERYONE WELCOME!
April 2008 Su Mo Tu We Th Fr Sa 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6 7 8 9 10 La Mesa, San Diego County - Brokers Open House at 4111 Massachusetts, #1 on April 23 from 10:00 AM to 1:00 PM . Read More...
Serious Consequences for 'Walk-Away' Borrowers...
The government and the lending industry are taking aim at “walk-away” home owners who stop making payments and months later send the house keys back to their lender. Such borrowers will not be able to get another mortgage through Fannie Mae Read More...
FREDDIE MAC TO BUY CONFORMING JUMBO MORTGAGES...
Freddie Mac has agreed to purchase billions of dollars of new conforming jumbo mortgages with original loan amounts up to $729,750 from Wells Fargo Home Mortgage, Chase, CitiMortgage and WaMu. Freddie Mac conforming jumbo mortgages can be used to finance Read More...
Sales Strategies To Consider If Your Home Continues Not To Sell...
If your home proves impossible to sell, there are still a few other options you might want to consider: Price reduction. The most obvious recourse is to lower the price of your home until it attracts a buyer. If the proceeds of the sale aren't enough Read More...
Must-Do's For First-Time Home Buyers...
1. Look at your budget and determine how a house fits into it. Fannie Mae recommends that buyers spend no more than 28 percent of their income on housing costs. Go much past 30 percent and you risk-becoming house poor. 2. Get pre-qualified before starting Read More...
Fannie Mae Raises Credit & Other Standards
Fannie Mae has tightened standards for the home mortgages it guarantees or buys. The government-sponsored provider of home loan funding has told lenders it now requires a minimum credit score of 580 for most loans it buys on an individual basis. As you Read More...