Real Estate News

How does a Short Sale effect My Credit Vs a Foreclosure?

How much impact does a short sale have on FICO® Scores? How about a foreclosure? Since I frequently hear these questions from clients and others, I thought I’d share new FICO research that sheds light on this very subject. The FICO study simulated various types of mortgage delinquencies on three representative credit bureau profiles of [...]

67.5 Percent Increase in Bank Shadow Inventory

67.5% Increase In Bank Shadow Inventory July 26, 2011 · Has the state of the housing market gotten better or worse since the first quarter of 2009? To answer this, you have to define what you mean by the state of the housing market. If you mean sales alone, then the state of the market [...]

Case-Shiller Housing Market Not Looking Good

I really like this report because it gives you a number of perspectives.

The reality is rarely what we see in the news, but it’s always nice to see the interaction and ideas expressed by the people appearing on this show.

Case Shiller Report on CNBC.

Home prices fell all over the country except in Washington DC. where our government is growing.

San Diego home prices fell ever so slightly, still they are beginning to move down once again.

San Diego is resilient because of it’s diverse job opportunities, everyone wants to live here.

Average $125,562 Awarded to Military Personal for Improper Foreclosure

Two mortgage Lenders will pay more that $22 million to settle civil charges that they improperly foreclosed on 178 members of the military, some of whom were serving in Iraq or in Afghanistan.

The Justice Department said, that between 2006-2009 Bank of America and Morgan Stanley failed to get court orders before foreclosing on military personnel in 22 states. The Justice Department awarded to these men and women an average of $125,562.

Some of the members foreclosed on were wounded or had post-traumatic stress disorder.

Under the agreement the lenders agreed to create additional mortgage loan protections for military personnel.

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San Diego Local Businesses & News

San Diego Ranked 15th in California for Healthiest Counties

In a story by Janet Lavelle in Sign On San Diego   San Diego ranked 15th out of 58 counties last year, siting low smoking rates, preventable hospital stays, and premature death as part of the evaluation. California’s healthiest counties  were Marin, San Benito, Pacer, Santa Clara, and San Mateo which are also among the [...]

San Dieguito Lagoon Trail

When I first saw the trucks and earth moving equipment rolling all over the San Dieguito Lagoon I thought to myself “NO Way, No one in their right mind should be allowed to build homes and businesses in the lagoon.” Well little did I know that there was some political activity pushing to increase the quality of the land for the birds, sand critters and more.

Carlsbad Flower Fields In Bloom

One of the bright spots of San Diego is the Carlsbad Flower fields. This amazing display is a natural pleasure to the eyes every year duing the spring and summer seasons.

Banks Coming To Agreement With States A.G.s / Principal Reduction Program Coming Soon?

Breaking Real Estate News: Confidential Bank Settlement Term Sheet… Outlined in the confidential 27 page term sheet are requirements that would more tightly regulate the way banks and other mortgage servicers treat struggling homeowners in a bid to stem foreclosures. Among other things, the proposal would force servicers to freeze foreclosures while banks are evaluating [...]

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