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October 2011 - Posts
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Home prices may continue their free fall into the next year, weighing on the possibility of a full-fledged economic recovery, according to CNN Money. The housing market is likely to experience a triple-dip, since home values are expected to decline another Read More...
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Not only do you have to understand what type of mortgage you should choose, you have to understand the costs associated with your mortgage. All of these costs will be paid upon closing your mortgage. Purchase Points Purchase points, also known as a "buy-down" Read More...
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Corona – Fall Festival Carnival at The Promenade Shops at Dos Lagos October 28th to Oct 31st. Food, Games, Rides and Vendors All proceeds from the event will go toward benefiting needs and enhancing education in local schools. 1:00 – 10:00 Read More...
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Bring the entire family to enjoy the Red Ribbon Family Fun Festival on Sunday, October 30th from 12-4PM at Promenade Park (615 Richey St). Red Ribbon events celebrate being drug-free and occur during the month of October to promote a safe and healthy Read More...
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The average rate on the 30-year fixed mortgage was nearly unchanged for a second straight week after rising from a record low. Freddie Mac said Thursday that the rate on the 30-year loan fell to 4.10 percent from 4.11 percent last week. Three weeks ago, Read More...
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An estimated 35,404 new and resale houses and condos were sold statewide last month. That was down 6.2 percent from 37,734 in August, and up 6.7 percent from 33,176 for September 2010. A decline from August to September is normal for the season. California Read More...
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President Barack Obama offered mortgage relief on Monday to hundreds of thousands of Americans, his latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled him as he seeks a second term. "I'm here to say Read More...
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It happens all the time. A buyer decides to go to an open house at a great property in a nice neighborhood, only to find the grass is overgrown, the plants are dead and the home in some level of disarray. In this market, when some homes are sitting longer Read More...
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A foreclosure on your block can do more than spoil the view from your window. A foreclosed eyesore can damage the financial health of your household and neighborhood. But there are things you can do now to keep a blighted property from destroying your Read More...
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La Jolla, CA---Southern California home sales dropped last month from August, as they normally do, and eked out a tiny gain from a year earlier as bargain hunting below $300,000 remained relatively strong. Home prices continued their sideways-to-downward Read More...
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After unsuccessfully trying to sell her Chicago condo "For Sale by Owner" for a few months, Sarah Kadlic brought in a real estate agent to help price and market her property. For many homeowners like Sarah, pricing a piece of real estate is Read More...
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How Freddie Mac pays its employees will be linked directly to future lender satisfaction surveys. Freddie CEO Charles "Ed" Haldeman told a group of Mortgage Bankers Association members on Tuesday the firm will be changing the focus of how its Read More...
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Your credit score, calculated from information in your credit report, is a measure of how good a risk you are to a credit grantor. A large proportion of borrowers who can't qualify for a mortgage would qualify if their credit score was higher. The Read More...
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The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than 552,000 REO properties liquidated in the first half of Read More...
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Many consumers stay with their banks for the same reason couples remain in unhappy marriages: It's a hassle to leave. Lately, though, new fees for debit cards and other services have galvanized bank customers. Like spouses who discover their partner Read More...
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Evan, who hopes to buy a home one day, is getting conflicting information about how much of a down payment he'll need. Whether or not he has enough money might have an effect on when he'll be ready to purchase a home. He's heard that down Read More...
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The number of homes sold in the Inland region last month was either virtually the same or dropped compared to a year ago depending on the county. In both Riverside and San Bernardino counties the median price was lower, according to San Diego-based real Read More...
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This real estate slump is a real drag, especially if you're trying to sell your abode. So stage your pad to beat out the competition and draw in more prospective buyers. Most buyers have a hard time looking past pink walls and green shag carpet, so Read More...
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The Norco City Council voted 3-1 Wednesday to approve a $2.9million annual contract with Cal Fire/ Riverside County Fire Department for fire and medical emergency services, a move that begins the process to dissolve the Norco Fire Department. Councilman Read More...
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Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over Read More...
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Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real Read More...
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The average rate on a 30-year fixed mortgage has fallen below 4 percent for the first time in history. For the lucky few with good jobs and stable finances, it's a rare opportunity to save potentially thousands of dollars each year. For most people, Read More...
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In the Riverside-San Bernardino- Ontario region home sales in August dropped 6 percent compared to a August, 2010, according to a recent report from CoreLogic, a real estate information company. With foreclosures and short sales excluded, prices dropped Read More...
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Set with solid jobs , nice cars and a baby on the way, there was only one thing Liz and Wes Clayton were missing: the perfect house. They had no problem tracking down the ideal three-bedroom ranch in Fairfax, Va. , negotiating a price or securing a loan Read More...
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Whatever your goal, there comes a point when you require a special kind of strategy to jet propel yourself to the next level. Maybe you've hit a motivational wall and need to get back on track. Or maybe it's time to head down another road entirely. Read More...
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With hundreds of houses being built the city is “a real bright spot in Riverside County” Richard “Dickie” Simmons, who headed Eastvale’s 2010 cityhood drive, has never been shy about his affection for his hometown. When he Read More...
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In the Inland area, 45.3 percent owe more than the homes worth The number of U.S. homeowners who owe more than their property is worth slipped in the second quarter as more residences were lost to foreclosure, according to a report Tuesday from CoreLogic Read More...
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FORTUNE -- Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that Read More...
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