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January 2011 - Posts

Thursday, January 27, 2011 9:26 AM

December Price and Sales Report - C.A.R. reports California home sales rise in December, posting seven-month sales high

LOS ANGELES (Jan. 21) – California home sales rose in December, posting their highest level since May, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price increased from November, but was down
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Thursday, January 27, 2011 9:17 AM

FBI Investigates Courthouse Auction Bids

The FBI is investigating whether some real estate speculators are illegally rigging bids for foreclosure auctions. Bid-rigging viloates the Sherman Antitrust Act and can carry a maximum penalty of 10 years in prison and a $1 million fine. The maximum
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Thursday, January 27, 2011 9:09 AM

California Rep. Gary Miller Introduces MID Resolution

California Representative Gary Miller (R-Diamond Bar), along with five original co-sponsors, Ken Calvert (R-Riverside), Joe Baca (D-San Bernardino), Don Manzullo (R-IL) Gregory Meeks (D-NY), and Ruben Hinojosa (D-TX); recently introduced House Resolution
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Wednesday, January 19, 2011 6:30 PM

Keep Your Home California Introduces New Program for Unemployed

Unemployed California homeowners can now apply for up to $3,000 a month in mortgage assistance to tide them over for up to six months while looking for work.The Unemployed Mortgage Assistance Program (UMA) is the first of four programs the state is scheduled
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Wednesday, January 19, 2011 6:24 PM

Fraudulent FDIC e-mails

The Federal Deposit Insurance Corp. (FDIC) has received numerous reports from consumers who received an e-mail that has the appearance of being sent by the FDIC. The e-mail informs the recipient that "in cooperation with the Dept. of Homeland security,
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Wednesday, January 19, 2011 12:26 PM

Southern California Home Sales End 2010 Up from November, Down from ‘09

By Dataquick January 18, 2011 La Jolla, CA---Southland December home sales shot up more than usual from November but fell well short of last year as a sluggish job market, tight credit, and record-low new-home sales undermined the market. At the regional
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Saturday, January 15, 2011 9:49 AM

2 Story For Rent/Lease in Crest Park

• 1,188 sq. ft., 2 bath, 2 bdrm 2 story "Cottage" - $900 USD Monthly - Available Now! Crest Park, Lake Arrowhead - Adorable mountain cottage available now for lease or month to month rent. Cottage is located 3/4 mile from Ice Castles International
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Saturday, January 15, 2011 9:36 AM

Foreclosure ruling could be setback for banks!

By Scott Reckard, LA Times The highest court in Massachusetts agreed with a lower court ruling that two home foreclosures were invalid and found that lenders Wells Fargo Bank and US Bank had failed to proved they owned the mortgages.The case, which dealt
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Saturday, January 15, 2011 9:29 AM

A little-known strategy for cutting mortgage payments

By Lynnley Browning - NY Times Homeowners looking to lower their monthly mortgage payments and reduce their interest rate may be able to do so without refinancing. A little-known strategy called recasting or re-amortization is available through some mortgage
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Friday, January 14, 2011 9:06 AM

Over 1 million Americans seen losing homes in 2011

NEW YORK (AP) -- The bleakest year in the foreclosure crisis has only just begun. By JANNA HERRON AP Real Estate Writer Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million
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Wednesday, January 12, 2011 10:28 AM

What are HAFA Short Sales?

HAFA is a government-subsidized H ome A ffordable F oreclosure A lternatives program for distressed homeowners which allows the sale of their homes to avoid foreclosure even if the sales price is not enough to pay off their existing mortgage loans. Under
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Wednesday, January 12, 2011 10:14 AM

Housing Trends January 2011

Find what's happening in local markets and national markets, housing and economic indicators, home sales and price statistics, consumer articles and much more! Click here the Housing Trends Newsletter for Jaunary, 2011.
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Thursday, January 06, 2011 8:36 AM

DQNews - California Home Sale Price Medians by County and City

Home Sales Recorded in November 2010 Reporting resale single family residences and condos as well as new homes Excludes sales where the site city is unknown % Change is from the same month last year Click here for City Charts...
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Thursday, January 06, 2011 8:28 AM

Southland Home Sales Dip; Prices Change Little...DataQuick

La Jolla, CA---Southern California home sales fell in November to the second-lowest level for that month in 18 years, reflecting the weak economic recovery, a dormant new-home market and tight credit conditions. The median price paid for a home rose above
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