Articles Archive for November 2008
The government’s latest attempt to assist the nation’s struggling financial system is their bail out of Citigroup, one of the world’s largest banks. So what’s the price tag on this newest bail out? To start $306 billion in loan guarantees as well as an added …
Just “in time for the holidays”… Fannie Mae and Freddie Mac serviced loans on the verge of foreclosures or evictions will be suspended starting November 26th, 2008 through January 9th, 2009. The six week halt is to allow the servicers additional time to create more …
Prices in San Diego County continued to drop through October making the affordability rate for homes in San Diego the best seen since 1991! San Diego home prices are now at a median of $325,500, it was 2002 when we last saw numbers like that. …
This week the government announced their latest attempt to assist homeowners who are on the brink of sinking into foreclosure. The new plan has already been adopted by Fannie Mae and Freddie Mac, while Citibank, J.P. Morgan Chase, and Bank of America are expected to …
If you haven’t heard about it… we are not surprised! It took a while to dig deep enough to find the details. This past July California signed into law that tenants living in homes that are foreclosed upon have new rights that must be adhered …
Just a little over a month and a half left to take advantage of San Diego’s increased loan cap of $697,500 ~ which equals a total purchase price of $719,000 with 3% down on government-sponsored Fannie Mae and Freddie Mac loans! As of December 31st, …
In the 3rd quarter of 2008 over 80,000 homes went into foreclosure – that’s a tragedy times 80,000 families. Governor Schwarzenegger has presented a new proposal to put a 90 day freeze on foreclosures; it is his attempt to encourage lenders to make aggressive loan …
Last month the “Emergency Economic Stabilization Act of 2008” was signed into law - a barely publicized “sweetner” to the Bill was an unlimited tax credit for installing some solar energy systems.
Solar Water Heating systems are approved for 30% of the cost of the system or …
Yes, you heard that right! San Diego voters as well as voters across the nation are being rewarded with free food and drinks. Krispy Kreme, Starbucks and Ben and Jerry’s are all offering free items to those who have voted in today’s election. Krispy Kreme …
