I have had several issues arise recently in several short sale transactions where the potential liability to our clients for a deficiency judgment was in question. The following comments relate to the anti-deficiency statutes in the State of California CCP § 580b thru (d) . A deficiency is the d
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01/27/2010
The real estate market for the Palos Verdes Peninsula and Beach Cities picked up substantially in the fourth 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 lo
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01/25/2010
On January 20, 2010, the Dept. of Housing and Urban Development announced upcoming changes to the FHA insured loan program. These changes will include the following: . Raising the up-front mortgage insurance premium: The premium will rise to 2.25 percent from itscurrent 1.75 percent. This chan
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01/25/2010
The following are interest rate quotes from Ron Goodlin at Coast Captal Group at ron@coastcapitalgroup.com : *Loan amounts from $150,000-$417,000 30yr fixed loan 4.75% (4.85% APR) 10/1 ARM fixed 4.125% (4.32% APR) 5/1 ARM fixed 3.5%
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01/18/2010
The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2009 : Properties Sold: 11 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days
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01/11/2010
The Eastview area of Rancho Palos Verdes ( area 177 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2009 : Properties Sold: 17 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
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01/11/2010
The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2009 : Properties Sold: 8 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr
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01/11/2010
The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 4th Quarter of 2009 : Properties Sold: 10 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date
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01/11/2010
The Crest area of Rancho Palos Verdes and Rolling Hills Estates ( Area 174 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2009 : Properties Sold: 6 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS#
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01/11/2010
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2009 : Properties Sold: 6 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS
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01/11/2010
