The Congress recently passed an extension of the increased loan limits passed last year, which increased the limits on the amount of a loan funded or guaranteed by the FHA or Fannie Mae and Freddie Mac in certain high cost areas such as California from the previous $625,500 limit to $729,750. The
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11/08/2009
The President has signed into law an extension of the $8,000 first time home buyers credit which also added a new $6,500 tax credit for existing homeowners buying a new principal residence. The details of the new law are as follows: For homes purchased between between January 1, 2009 and April 3
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11/08/2009
The California Association of Realtors has just released the following good news for first time homebuyers: "Following the Senate's favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing ho
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11/05/2009
The real estate market for the Palos Verdes Peninsula and Beach Cities picked up substantially in the third quarter 2009. Both buyers and sellers stepped up to buy and sell. Properties that were sitting for many months sold at all levels of the market. High end properties are selling as jumbo loa
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11/05/2009
Last month, the U.S. 9th Circuit Court of Appeals sided with the City of Rancho Palos Verdes supporting the city's contention that it had the right to review the aesthetics of proposed cell phone transmission towers within the city limits. Typical cell phone tower with no provision for aesthetic
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11/05/2009
The City of Rancho Palos Verdes has settled a lawsuit brought by local residents opposed to the expansion plans of the St. John Fisher Catholic Church which now clears the way for the Church to commence their expansion plans. (Paul Penzella/Staff Artist) The settlement resulted in only minor ch
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11/04/2009