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and the third largest city in Orange County, Anaheim also has a busy local housing market. With 344 pending homes sales at range of under $500k, and only 189 homes for sale in that range, Anaheim needs more equity listings (not short sales).
Anaheim 92806 is very popular as an area for homebuyers. Most detached homes in this area were built in the 1960s and 1970s, many ranch style with single level. 92806 has three times as many pending sales of detached homes at under $500k as compared with those now for (2 comments)
The Federal Housing Administration issued new letters regarding mortgage approvals for units at condominium associations. See Letter 2009-46A and Letter 2009-46B, which talk about ~
PreSales of New Homes Owner occupancy ratios Concentration requirements Delinquent HOA dues Transfer of Control to HOAs Attorney certification Reserve Study Owner Invested Units Right of First Refusal Legal Phasing Hazard Insurance Condo conversions Ten year warranty Recertifcation of project approvals Transition Strategy Site Condos False certifications These are complicated government regs, and I expect will give you a headache while studying it. The Western (2 comments)
and Newport Beach, Mission Viejo and Laguna Beach. These local homes for sale markets are now more dominated by short listings, and bank owned REOs have been bought up and are a very small share. See my blog article with lots more detail ~ Irvine, Costa Mesa, Tustin, Newport Beach, Mission Viejo and Laguna Beach ~ Housing Market Updates (click here for article). ___________________________ If you are interested in homes and properties at Orange County, CA, communities, please let us know. Thanks. Harrison K. (0 comments)
Experience with real estate and lending investor clients reminds about the California one action rule and that mortgage loan contract enforcement can be tricky in this state. When a lender wants to enforce terms of a loan secured by California real property, certain issues must be considered. California one-action and antideficiency rules - complex laws that are reviewed at other articles and blogs Letters of credit - not generally but sometimes subject to the anti-deficiency issues Multi-state collateral - Borrowers facing foreclosure of loans secured by property in other states sometimes seek antideficiency and one-action protections in California.
Indian land - Some local markets have financing at casino developments on Indian lands (lands held by Bureau of Indian Affairs (0 comments)
Fannie Mae Is Now My Landlord? - 11/09/09 05:04 PM
I like this thoughtful post by Ted Canto, mortgage consultant at Mesa, Arizona, about Fannie Mae getting into the landlord business. That Fannie is determined to own and manage its properties for US taxpayers shows from its hiring a national property management service company. Via TED CANTO, - Loan Officer (Academy Mortgage):
Fannie Mae Is Now My Landlord? Well when you think they have thought of everything, Fannie is now in the Landlord business!! I am not sure how I feel about this and whether or not it will realistically make a difference in the process of filtering the problems out of the market. (2 comments)
________________________ Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA. Irvine Realtor. CA DRE #01410855. ExploreProperties@gmail.com.
US House Today Approved Homebuyer Tax Credit Extension and Expansion - 11/05/09 04:32 PM
U.S. House of Representatives today voted by overwhelming positive vote of 403-12 to approve the Unemployment Compensation Extension Act (H.R. 3548) that included, as an amendment, the extension and expansion of the Homebuyer Tax Credit. This bill with bipartisan support already passed in the U.S. Senate so now will advance from Congress to the White House for President Obama's signature. The Administration already has signaled its support of the Homebuyer Tax Credit amendment and the President's intention to sign the bill into law. So extension and expansion of the US Homebuyer Tax Credit will soon be a reality. Voices by REALTORS and National Association of Realtors (2 comments)
Time Magazine vs The Realtor Party. - 11/03/09 07:48 PM
Gene Wunderlich, Realtor at Temecula, Riverside County, CA, member of CAR board of directors, is a writer, a funny guy, and has an idea or two about government relations. I reblog his post Time Magazine vs The Realtor Party. - his reminder to the columnist at Time Magazine that REALTORS and National Association of Realtors are proud to be a powerful voice at our nation's capital. Keep it going Gene. Via Gene Wunderlich - Realtor®, Government Affairs Director (Southwest Riverside County Association of Realtors): A recent issue of Time Magazine carried an article by The Curious Capitalist / Justin Fox entitled 'Get Homes Off Welfare" . I'm not sure (0 comments)
Will the Expected Extension of the US Homebuyer Tax Credit help business in our state, be a boost for our clients, the housing market and be good for our US and local economies? Good question, and we will all see what develops, whether the measure can be worked out between Senate and Congress, and if it passes whether Obama will sign it into law. Then we'll see how buyers and consumers react between December 1 and April 30 of next year. WE NEED ENCOURAGEMENT FOR HOME SELLERS HERE AT ORANGE COUNTY. Too many are nervous and waiting to sell their homes. Our local markets (85 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.