San Diego Coastal Real Estate Blog

FHA Refinancing – When You Should Really Be Checking the Fine Print

April 30, 2012

The Obama administration’s new plan to stimulate the refinancing of FHA mortgages is likely to help large numbers of homeowners cut their monthly costs – even those who are deeply underwater. But the programs fine print may end up being quite the disappointment to many borrowers who didn’t read it carefully enough. So let’s cut [...]

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Green Building Alert! PACE Update

April 24, 2012

FHFA Issues Notice of Proposed Rulemaking – Public Comment Sought Federal housing regulators are seeking the public’s opinion as they initiate a rule-making with regard to PACE (Property Assessed Clean Energy) programs. If you don’t know much about PACE programs they are programs that permit municipalities to provide financing to property owners for purchase of [...]

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This Rent Makes Sense

April 20, 2012
Encinits Rentals

The Value of Rental Ownership Rental ownership has had a long history of satisfying the primary requirements for financial independence: safety of capital, inflation hedge and tax favored income. If the financial statements of the wealthy were available for review, you would see that long term income producing real estate assets directly or indirectly contribute [...]

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10 Reasons Why Real Estate Investors Should Buy Property Now

April 18, 2012

Buy San Diego Investment Properties…. Best Purchase Opportunity in Decades – Many commercial brokers believe that present market conditions provide an unparalleled buying opportunity to lock in significant real estate investment returns. Despite opinions of some real estate professionals, however, many investors remain on the fence. 1031 Exchange Opportunity – Investors with low basis properties [...]

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Declining Sale Prices Keep Home Buyers and Sellers on Sideline

April 12, 2012
San Diego Real Estate Hit Bottom

Has San Diego Real Estate Market Reach Bottom? In 2009 active listings were at an all time high of 15,000 for San Diego County. Sadly, today they are less than half that, at 7,425, being the lowest ever in three years.  The findings are based on a data set starting in June 2009, when the [...]

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Short Sales and Mortgage Debt Relief Act

April 6, 2012

The Law Ends December 31, 2012…. Once upon a time, when a homeowner did a short sale, the IRS counted the difference between what the bank took and what the homeowner owed as income. Not much incentive there. In 2007, the federal government enacted the Mortgage Debt Relief Act (MDRA) that allows qualified taxpayers to exclude [...]

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Homeowners with “Jumbos” Pose Strategic Default Risk

March 29, 2012

Strategic Loan Defaults possible in Del Mar and other high end real estate markets…. Do you have a big mortgage and good credit scores but not much equity – maybe you’re even underwater? If this is you, you’re not alone; thousands of homeowners across the nation are in the same boat as you and new [...]

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Are Zillow, Trulia, and Other Real Estate Search Sites Cleaning Up Their Act?

March 26, 2012

REAL ESTATE INTERNET SITES… For millions of serious (and not so serious) home buyers, the first steps in the house hunt or to determine a seller's list price are likely Zillow and Trulia. The syndicating sites are simple and listing information can be gathered just only after a few searches. But what consumers can’t see [...]

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Mortgage Settlement help San Diego?

March 12, 2012

For Almost 1 Million Homeowners, a $25 Billion Federal-State Mortgage Settlement is Close to Winning the Lottery Mortgage debt will be cut by thousands of dollars in the broadest effort yet to help borrowers struggling to make payments on homes that have plunged in value over the past five years. Currently, homeowners owe an estimated [...]

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2012 Home Ownership More Expensive

March 8, 2012
Mortgage Insurance deduction

Congress is Making Owning a Home Even MORE Expensive A key mortgage financing benefit disappeared at the end of December 2011: The ability of large numbers of homebuyers and owners to write off the premiums they pay for most mortgage insurance. The expiration of mortgage insurance deduction will hit many low-down-payment conventional loans originated since [...]

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