From the monthly archives:

January 2009

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

January 30, 2009

Why is TARP in the news?
Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to help [...]

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Obama’s Stimulus Package: What About Homeowners?

January 29, 2009

President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit.
As the law stands now, homebuyers have to pay the first-time buyer credit back over [...]

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Top Five Benefits of Buying Foreclosures

January 28, 2009

Whatever your real estate goals are, investing in a bargain-priced foreclosure packs enormous potential for profit. With historically high supply and record low prices, there’s never been a better time to buy one.
Here’s why:
1. Dramatically reduced purchase prices. Bank-owned foreclosures (and pre-foreclosures) cost radically less from the outset, typically deeply below their market value. The [...]

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Property of the Week: Newly Refurbished Orange County Home – Not On MLS YET

January 27, 2009

44 Tavella Place, Foothill Ranch, Calif. 92610
Price:  VIP SPECIAL–CALL FOR PRICING INFO

CLICK HERE FOR MORE PHOTOS
Square Feet: 2,115
Lot Size: 3,794 sq. ft.
Rooms: 4 bedrooms, 2.5 baths
Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a superb private neighborhood, this completely refurbished four-bedroom, two-and-a-half-bath boasts all-new ceramic tile, [...]

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New Foreclosure Law California SB 1137: Relief … Or Not?

January 26, 2009

New foreclosure law California SB 1137—Was it a case of too little, too late?
The thousands of Los Angeles and Orange County homeowners still on the brink of defaulting on their loans likely think so. California’s record-breaking, seemingly endless spike in foreclosures has left many frustrated with SB 1137, a supposed piece of “foreclosure relief” aimed [...]

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Foreclosure Inventory Skyrockets, Home Prices Hit Historic Low

January 23, 2009

Here’s a quick, informative slice of what’s happening in the booming buyer’s market this week:
1. Foreclosures are at an all-time high nationwide.
The number of foreclosures skyrocketed last year to an all-time high of 2.3 million, further deflating home prices at the fastest pace we’ve seen yet. According to Bloomberg reports out today, foreclosures have now [...]

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How Will Obama ‘Change’ Real Estate & Foreclosures?

January 22, 2009

Sorting out the mortgage crisis and the onslaught of home foreclosures are at the top of the long list of challenges President Barack Obama is already tackling his first week in office.
Obama promises to “approach the old challenge of affordable housing with new energy, new ideas, and a new, efficient style of leadership.” Yes, big [...]

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Property of the Week – Spacious Westside Long Beach Home

January 21, 2009

2880 Caspian Avenue, Long Beach, Calif.
Price: $295,000
CLICK HERE FOR MORE PHOTOS
Square Feet: 2,058
Lot Size: 5,865 sq. ft.
Rooms: 5 bedrooms, 3 baths
Extras: 2-door detached garage, partial copper plumbing, new roof, new laminate floors
Located in an attractive neighborhood in Long Beach’s Westside, this exceptionally large home is perfect for large and growing families. The stucco residence’s two [...]

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Buying Foreclosures: Five Insider Secrets

January 20, 2009

Buyers are scrambling to get a piece of the exploding bank-owned foreclosures market, but most don’t know how to get an edge on the ever-increasing competition. If you want the powerful, must-have strategies to get the best value on a bank-owned foreclosure, look no further than my Top Five Insider Secrets:
1. Work directly with the [...]

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