Short Sales & REO (bank-owned) Properties for Sale in Malibu as of March 29, 2010 - 4Malibu.com - 03/29/10 08:48 PM
 
 
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Short Sales & REO (bank-ownwed) Properties for Sale in Malibu as of March 29, 2010.

Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, … (2 comments)

Vacation/Summer Rentals - Malibu Outrigger on Carbon Beach - $6,000/mth - 4MalibuRentals.com - 03/26/10 01:46 PM

 
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Newly remodeled Carbon Beach Condo in the Malibu Outrigger. Available from May 1, 2010 thru October 2010. Fully furnished with straight on Ocean View. From your living room, Kitchen and Master bedroom your view is of the Pool, Spa, Private Beach and the Coastline of Malibu, Santa Monica, Palos Verdes to Catalina. No pets nor smoking.
2B/2B
$6,000/mth
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher … (0 comments)

Forecasters see five years of shadow inventory in worst case scenario - 4Malibu.com - 03/25/10 03:33 PM
 
 
 
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Defaults are up, but foreclosure sales are down. How big is the pig-in-the-python going to get?
One thing is clear: the pig - at about half a trillion dollars - is already pretty darn big. But predicting just how much bigger it's going to get is tough because doing so would be an attempt at economic forecasting, a dicey proposition at best. So let's talk about likely ranges. S&P estimates that the number of foreclosed homes and … (1 comments)

Latigo Canyon Ocean View Lot for Sale - $275,000 - Malibu Real Estate - 4MalibuLand.com - 03/25/10 02:55 PM

 
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Beautiful ocean & mountain views, including a whitewater view of Westward/Zuma Beach. Located in desirable Latigo Canyon, among million dollar plus homes. Only minutes from Pacific Coast Highway. Seller has geological & geotechnical engineering report, plot plan review application, approval in concept, topographical survey & plans.Additional APN 4461-018-003 included. Square footage and acreage includes APN's 4461-018-036 & 4461-018-003.
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher … (1 comments)

Pt. Dume, Malibu Home for Sale - 4B/5B - $2,999,000 - Malibu Real Estate - 4Malibu.com - 03/23/10 07:26 PM

 
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Incredible landscaping throughout. Fantastic pool. Newer kitchen, hardwood floors. Huge patios overlooking park-like grounds. Tons of palm trees, 2 storage buildings, 3 car garage. Completely walled and gated. Walking distance to schools, beaches and shops. Listed with Mike Cunningham, Pritchett-Rapf Realtors. 4B/5B. $2,999,000.
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
 
Material discussed is meant for general … (2 comments)

Malibu Market Trend - As of March 22, 2010 - Malibu Real Estate - 4Malibu.com - 03/22/10 07:24 PM
 
 
 
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Malibu Market Trend as of March 22, 2010
To view all of Malibu Sales & Leases for 2009 & 2010 (YTD), click here.

 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
 
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from … (0 comments)

Short Sale/REO Listings for Sale in Malibu, CA as of March 22, 2010 - Malibu Real Estate - 4Malibu.com - 03/22/10 06:50 PM
 
 
 
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 Short Sale/REO Listings for Sale in Malibu, CA as of March 22, 2010.

Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, … (0 comments)

Exclusive Serra Retreat Vacation/Summer Rental - $12,500/mth - Malibu Rentals - 4MalibuRentals.com - 03/21/10 07:14 PM

 
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 Exclusive Serra Retreat Vacation/Summer Rental
3705 Serra Rd., Malibu
$12,500/mth

To view additional photos/info, click here.
Nestled in the desirable Serra Retreat neighborhood lies Casa de los Arboles. This wonderful 4 bedroom, 3 Bath hacienda is located in Malibu's most exclusive gated community. Surrounded by trees, this home has an open chefs kitchen, stainless steel appliances, wide-planked hardwood floors, open beamed ceilings, fenced grassy yard with fruit trees, and a warm comfortable flow. Close to the beach and … (1 comments)

FHA Mortgage Applications Increase 31% in February - 4Malibu.com - 03/19/10 05:20 PM

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FHA Mortgage Applications Increase 31% in February
Applications for FHA-insured mortgages climbed 31.1% in February, according to a report from the Federal Housing Administration (FHA).
More than 165,000 applications came in February, up from 126,000 in January. Applications for mortgage purchases increased the most. More than 97,000 FHA purchase applications came through in February, an increase of 37.4% from January. Applications for refinances picked up 23.9% to 61,425 in February, and reverse mortgage applications increased 14.4% to 6,643.
Of … (0 comments)

Malibu Lease - $3700/mth - 3B/2B - Updated Contemporary Home - 4Malibu.com - 03/19/10 12:41 PM
 
 
 
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21003 PCH, Malibu
Stylish remodeled contemporary home with ocean views. Wonderful light and airy kitchen w/ custom cabinetry and tile work. Vaulted ceilings with skylights. Upgraded bathrooms, recessed lighting, wireless internet throughout, double pane vinyl windows and French sliders. Fantastic entertaining backyard with wraparound mahogany decks, spa and luscious landscaping. Finished basement (800 sq. ft) that can be used for extra storage or rec room. A must see! Short walk to beach! Listed with Pritchett-Rapf Realtors, … (0 comments)

"The Pointe" - 3B/3B -Malibu Ocean View Condo for Sale - $1,189,000 - 4Malibu.com - 03/18/10 06:58 PM
 
 
 
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6457 Zuma View Pl. #141, Malibu
THE POINTE 
Priced to sell, this is probably the best location "The Pointe" has to offer with the best views as well! This 3 bedroom, 3 bath end unit, overlooking fabulous ocean views, is next to an open lot and affords the utmost in privacy but with a great open-space feel. The unit has its own private entry and a secluded back patio from which to enjoy entertaining off the … (3 comments)

Wells Fargo Joins HAMP for Second Liens - 03/18/10 01:50 PM
 
 
 
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Wells Fargo Joins HAMP for Second Liens
Wells Fargo signed on to participate in the Second Lien Modification Program (2MP) under the Home Affordable Modification Program (HAMP), the company announced today.
2MP will call for modifications that reduce monthly payments on qualifying home equity loans and lines of credit under certain conditions, including the completion of a HAMP modification of the first mortgage.
The Second-Lien Modification Program offers struggling homeowners with yet another valuable option for reducing … (0 comments)

Latigo Canyon Short Sale - $800,000 - Malibu Real Estate - 4Malibu.com - 03/18/10 12:13 PM
 
 
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Short sale--Malibu---fixer upper, in need of major rehab. seller/and or agent make no representtation on the condition of the property. --2nd floor built without permits. Additions done without permit. Buyer to verify permits and all additions and zoning issues with city on their own. seller makes no representation on the total gross sqft, permits, zoning issue, and sqft. Buyer to verify school district & water distric(seller is not aware). Listed with Gold Star Realty.
 
Bobby … (0 comments)

Malibu Outrigger Unit for Sale on Carbon Beach - $2,850,000 - Malibu Beach Real Estate - 4Malibu.com - 03/17/10 06:56 PM
 
 
 
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 To view additional photos/info, click here.
Prestigious Carbon Beach. Extremely rare opportunity. Breathtaking whitewater ocean views from sunrise to the Queen 's Necklace by night. This exquisitely renovated 2 bedroom, 2 bathroom condominium offers a casual elegant Malibu Outrigger lifestyle. State of the art open kitchen with gorgeous use of granite, tumbled marble and top of the line appliances. Dynamic bathrooms feature limestone throughout. Listed with Bill Kelly, Pritchett-Rapf Realtors.
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ … (1 comments)

Malibu Bay Club Condo for Sale - $499,995 - Malibu Real Estate - 4Malibu.com - 03/16/10 07:38 PM
 
 
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DRAMATIC PRICE REDUCTION-THE LOWEST PRICED BEACH-SIDE CONDO IN MALIBU! MOVE IN READY, LIGHT & BRIGHT OCEAN VIEW UNIT. NEWER APPLIANCES, PLANTATION SHUTTERS, WASHER/DRYER, GATED ACCESS. EASY, ONE-STORY FLOOR PLAN. BREATHE THE SALT AIR AND HEAR THE SOUNDS OF CRASHING SURF. ENJOY HEATED POOL & SPA, PADDLE TENNIS COURT, PRIVATE BOARDWALK, BEACH VOLLEYBALL AND SHORT WALK TO BEACH & SURFING. Listed with Prudential Malibu Realty.
$499,995
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
… (0 comments)

Short Sales & REO Listings in Malibu as of March 15, 2010 - Malibu Real Estate - 4Malibu.com - 03/15/10 05:38 PM

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 For more information on short sales, click here.
 Visit 4Malibu.com to view more information on these properties.
 
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations … (1 comments)

Short Sale & REO Listings in Malibu as of March 15, 2010 - Malibu Real Estate - 4Malibu.com - 03/15/10 05:31 PM
 
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 For more information on short sales, click here.
 Visit 4Malibu.com to view more information on these properties.

Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can … (0 comments)

Short Sale & REO Listings in Malibu as of March 15, 2010 - Malibu Real Estate - 4Malibu.com - 03/15/10 05:28 PM
 
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 For more information on short sales, click here.
 Visit 4Malibu.com to view more information on these properties.

Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can … (0 comments)

Housing Recovery is Spelled R-E-O - 4Malibu.com - 03/15/10 03:55 PM
 
 
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Short sales are a hot topic right now-especially with a much-ballyhooed government program focused on short sales, the Home Affordable Foreclosure Alternatives program, about to come online. But in the end, the real key to resolving the problems that yet remain in housing is likely to come back to an old standby: REO property sales.
Yes, really. But to understand why, you've got to first really understand the scope of the mortgage default problem we've now got.
According … (1 comments)

California has some of the most unique mortgage payment behaviors - 4Malibu.com - 03/15/10 02:04 PM
 
  
 
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California, one of the states hardest-hit by the housing crisis, also houses mortgage borrowers with some of the most innovative mortgage products - and some of the most unique payment behaviors.
The state contributed $2.6trn to the total $5.7trn of US housing wealth lost since the peak of the housing market in Q2 2006, according to US asset-backed securities research this week from Deutsche Bank.
Not only is the Golden State unique in the overall housing … (0 comments)

Get your service providers in the loop well before you relocate - 4Malibu.com - 03/12/10 08:12 PM
 
If you're preparing to move, now is the time to get your service providers in the loop. Changing your address before you skip town can prevent major hassles like past-due bills, service lapses and even identity theft.
Keep an eye on incoming mail to see which companies you need to notify, but here are the biggies:
The post office. Visit the U.S. Postal Service's online movers guide or go to your local branch to fill out a change of address form and arrange for mail forwarding. The IRS. Print out and mail in the IRS' Change of Address form. Credit … (0 comments)

Foreclosure Filings Keep Rising in California - 4Malibu.com - 03/12/10 04:24 PM
 
 
 
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Foreclosure filings on California properties rose daily in January compared with December, according to ForeclosureRadar, which tracks foreclosure activity in the state.
The daily average of Notices of Default filings rose by 9.5%, while Notice of Trustee Sale filings rose by 10.3%.
"With delinquent payments rising, foreclosures slowing, and foreclosure alternatives failing, it appears the foreclosure crisis will be with us for many years to come," said ForeclosureRadar.com founder and CEO Sean O'Toole.
The news comes … (0 comments)

Is this the lull before the storm for US mortgages? - 4Malibu.com - 03/11/10 03:18 PM
 
 
 
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What exactly is happening in the bowels of the American mortgage market? That is a question that investors around the world have often asked in the past three years, with a mixture of bafflement and alarm.
Now they need to pose it again. For this spring, something of a paradox is hanging over the mortgage-backed securities world. At the end of this month, the US Federal Reserve is due to freeze its programme to purchase Fannie … (0 comments)

Short sale fraud fears grow - 4Malibu.com - 03/11/10 02:54 PM

 
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Lenders are building buffers to protect themselves from an anticipated rise in borrower fraud when the Home Affordable Foreclosure Alternatives (HAFA) program launches on April 5, 2010 and prompts a surge in demand for short sales.
HousingWire broke the story on HAFA in October when the US Treasury Department announced the program. The Treasury will provide incentives to servicers that provide short sales and deeds-in-lieu of foreclosures to borrowers who do not qualify for a loan modification through … (0 comments)

Shadow Inventory of Homes to Take Nearly 3 Years to Clear - 03/10/10 10:42 PM
 
 
 
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Shadow Inventory of Homes to Take Nearly 3 Years to Clear
Tuesday, February 16th, 2010, 1:03 pm
The "shadow inventory" of bank-repossessed properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to a report from the credit rating agency Standard & Poor's (S&P). The analysts add that during this period many servicers will likely shift their emphasis from mortgage modification to loan liquidation.
The "shadow … (1 comments)

Government Could Cut Seconds First - 4Malibu.com - 03/10/10 10:31 PM
 
 
 
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It is one of the big unanswered questions of the housing crisis: Why hasn't the government pushed harder to include second mortgages in its anti-foreclosure efforts?

Take a stressed borrower with a $200,000 first mortgage and a $50,000 second-lien loan, such as a home-equity line of credit. The government's foreclosure-prevention approach focuses primarily on modifying the first mortgage by, say, reducing the interest rate. But writing down the junior loan would immediately lighten the borrower's … (0 comments)

Charming Monte Nido Home for Sale - 4Malibu.com - 03/10/10 05:50 PM
 
 
 
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$1,622,000
2B/2.5B

This immaculate home is conveniently located minutes from Malibu and the 101 freeway. This home has many features & amenities:-High wood-beamed ceilings throughout (kitchen/dining area, living room, sunroom and master bedroom).-Living room with a wall of windows looking out on mountains and treetops.-Three fireplaces (kitchen/dining area, living room & master bedroom). - Master bedroom with three sets of French doors (one set leading to the sun room, the other two sets leading to the … (0 comments)

4Malibu.com's Real Estate Investing - Malibu Real Estate - 4Malibu.com - 03/10/10 05:07 PM
 
 
 
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Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, please consult a professional for specific advice.
Follow 4Malibu.com on Twitter & Facebook.
… (0 comments)

Malibu Villa condos/townhomes for Sale - Malibu Real Estate - 4Malibu.com - 03/10/10 04:54 PM
 
 

 
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 Click here to view all Malibu condos/townhomes for sale.

Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, please consult a … (2 comments)

Malibu Gardens Condo for Sale - $459,000 - Regular Sale - Malibu Real Estate - 4Malibu.com - 03/09/10 07:18 PM

 
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List Price: $459,000
2B/2B
Great opportunity! Beautifully upgraded condo in Malibu Gardens! Washer and dryer in unit. Travertine and wood floors throughout with Spanish tile in kitchen and bathrooms. Located on the ground floor with a large private fenced backyard and patio with peek-a-boo views of ocean. Also offers 2 car garage (covered) with custom storage units. Close to Westward/Zuma and minutes from Pepperdine University. Listed with Keller Williams, Chris Jones.
Click here for a complete list of Malibu … (2 comments)

When do you need a permit - 4Malibu.com - 03/09/10 05:54 PM
 
 
 
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When Do you Need A Permit? Thinking of adding a room? How about putting a pool in the backyard, or re-wiring the electrical? Its true that homeownership comes with a continuous list of to dos, and its important to plan and budget accordingly. It is equally important to know whether or not you will need a permit. Here is some general information you can use as a guideline.  A permit is defined as a legal document granting you permission to … (3 comments)

Sylmar pool home for sale went PENDING (over asking price) in days w/multiple offfers - 4Malibu.com - 03/09/10 05:29 PM

 
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PENDING (13773 Graber Ave., Sylmar)
- Over 10 offers within 5 days of being on the market.
- Sold over asking price of $395,000.
- Inventory is low. If you are considering selling your home, now is the time.

 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
 
Material discussed is meant for general illustration and/or informational purposes only and it is not to … (2 comments)

Malibu Market Activity - February 2010 Sales & Leases - Malibu Real Estate - 4Malibu.com - 03/08/10 08:50 PM
 
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Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
 
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, please consult a professional for specific advice.
 Follow 4Malibu.com on Twitter & … (0 comments)

Short Sales (SS) & REO Listings in Malibu as of March 7, 2009 - Malibu Real Estate - 4Malibu.com - 03/07/10 06:20 PM
 
 
 
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Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, please consult a professional for specific advice.
Follow 4Malibu.com on Twitter & Facebook.
… (0 comments)

Your guide to buying distressed properties - 4Malibu.com Real Estate - 03/07/10 05:48 PM
Real estate investors have long regarded foreclosures as an opportunity to scoop up cheap real estate - assuming you could actually get your hands on foreclosed property. Traditionally, demand for distressed properties (at least the desirable ones) has far outweighed supply. Now, the opposite is true. In fact, you could probably limit your house search to foreclosures and still have your pick of houses and neighborhoods.
But be advised: Buying foreclosed property comes with its own set of hitches and hurdles. Just because a house is deeply discounted doesn't mean it's necessarily a great deal. Here's a snapshot of what to … (0 comments)

Consider approaching investors immediately following a foreclosure purchase - 4Malibu.com - 03/07/10 05:40 PM
If you've ever wished you could show up at a foreclosure auction and leave with your dream home, but lack the ability to flash the cash needed to buy on the courthouse steps, not all is lost.
Some buyers have discovered the next best thing - purchasing directly from the investors who bought the property at auction before it goes on the open market.
The vast majority of properties auctioned on the courthouse steps do not receive bids, and return to the lender. This is because the lender will not accept a bid lower than what it is owed or at … (0 comments)

6 Tips to a Successful Home Sale - 4Malibu.com - 03/07/10 05:34 PM
Today's housing markets are good and bad news for home sellers: Sales have picked up, but buyers still have the upper hand.
That means sellers who are determined to get more - or at least give up less - need to be well-prepared for the negotiation that can result in a deal. Here are six tips:
1. Stand out. Homes that are decluttered, depersonalized and in the best possible condition compared with other homes on the market in the same price bracket should sell more quickly and for more money. That means sellers need to differentiate their home on those criteria. … (2 comments)

Respa rule has lenders balking on preapprovals - 4Malibu.com - 03/06/10 02:52 PM
 
 
 
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The new mortgage disclosure rule is upending the first step in the process of lending to homebuyers.
Before shopping for a property, a prospective buyer typically gets a preapproval letter from a lender indicating how big a loan the person qualifies for. Real estate agents often ask for these letters so they can make sure the customer can afford the property before showing it.
Before writing the letters, lenders like to see proof of income, such as … (2 comments)

Fannie Mae & Freddie Mac may force lenders to buy back $21bn of home loans - 4Malibu.com - 03/06/10 02:24 PM
 
 
 
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Fannie Mae and Freddie Mac may force lenders including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. to buy back $21bn of home loans this year as part of a crackdown on faulty mortgages.
That's the estimate of Oppenheimer & Co. analyst Chris Kotowski, who says US banks could suffer losses of $7bn this year when those loans are returned and get marked down to their true value. Fannie Mae … (1 comments)

Malibu Market Trend (As of March 2, 2010) - Malibu Real Estate - 4Malibu.com - 03/02/10 03:03 PM
 
The Malibu Real Estate Resource Guide
Malibu California Real Estate ׀ Malibu Homes for Sale & Lease ׀ Malibu Land

Click here to view the Malibu Market Activity (Sales & Leases from 2009 to current).
 
Bobby Lehmkuhl ׀ Bobby@4Malibu.com ׀ 310.365.7696 ׀ Broker Lic. #01457517
Danielle Dutcher ׀ Danielle@4Malibu.com ׀ 805.341.8769 ׀ Broker Lic. #01463653
 
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although information has been gathered from sources believed to be reliable, please note that individual situations can … (0 comments)

Fannie Mae to Buy up to 200,000 Delinquent Mortgages in March - 4Malibu.com - 03/02/10 01:30 PM
 
The Malibu Real Estate Resource Guide
Malibu California Real Estate ׀ Malibu Homes for Sale & Lease ׀ Malibu Land
Fannie Mae to Buy up to 200,000 Delinquent Mortgages in March
During March 2010, Fannie Mae anticipates purchasing from 150,000 to 200,000 delinquent loans out of single-family mortgage-backed security trusts. This is only the beginning of Fannie Mae's plan to buyout loans that are 120+ days delinquent and it expects to continue doing so in the future months until the seriously delinquent loan population is substantially reduced.
Fannie Mae has not given an indication of doing this type of … (0 comments)

 

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