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Top 10 California Real Estate News Articles for June 2012

  
  
  

Here are our Top 10 California and Nationwide Real Estate News Articles for June 2012:

Calif. homes sell at fastest pace in three years

http://lansner.ocregister.com/2012/06/15/calif-homes-sell-at-fastest-pace-in-three-years/163728/
California’s housing market moved at its fastest pace — and biggest year-over-year gain — in three years in May, according to the California Association of Realtors.

 

From Zillow: http://www.zillow.com/blog/2012-06-25/zillow-home-price-expectation-survey-home-prices-will-bottom-by-2013/

Bay Area Real Estate News | February Top 10 Real Estate News Roundup

  
  
  

Bay Area Real Estate News | February Top 10 Real Estate News Roundup

California seeks suspension of foreclosures
California officials have asked the federal government to suspend real estate foreclosures in the state and consider reducing mortgages for those at-risk homeowners who have loans backed by Fannie Mae and Freddie Mac.
http://www.mercurynews.com/news/ci_20055552

 

Bay Area Real Estate Short Sales: Mortgage Debt Relief Act is expiring Dec 2012

  
  
  

ALERT! For those thinking of doing a short sale on your primary residency: Time is running out!  The Mortgage Debt Relief Act of 2007 will be expiring this coming December 31 2012, if it is not extended by the government before then. 

 

Finding a home or investment property via bank foreclosure listings. Part 2

  
  
  

This is a continuation of last week’s blog: Finding a home or investment property via bank foreclosure listings.  Last week we discussed the possible material obstacles when attempting to buy a foreclosed property, this week we’ll close out the discussion with the possible financial difficulties of the transaction, and closing remarks.

 

Finding a home or investment property via bank foreclosure listings.

  
  
  

(Blogger: Rich Navarro)  … When I was younger and bought my first car, I bought a car stereo from a man in a black overcoat just outside a stereo store.  Since it was a bargain, I bought it as is, and luckily it worked when I wired it up. Sorting through bank foreclosure listings to buy a foreclosure  (a property the bank has taken from the owner because they stopped paying the mortgage) is almost the same thing; its a great bargain, but you buy as is, and there are no guarantees about the property, also there’s no man in a black overcoat, well, unless a real estate agent dresses like that .

A Good Short Sale Agent…

  
  
  

(This is a repost from an earlier date to share again with you.)  ... Short Sales are not a new topic these days. The majority of homeowners are doing their homework and realizing the Short Sale route is in their best interest. However, there are some negative stores where the transaction fails by leaving the Homeowner in foreclosure.

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