New home sales at historic low. New home sales in California remained at historic low levels in August, signaling that the state's housing sector may be slow to recover from a stubborn recession, according to a recent report from the California...
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Simi Valley, California
as of 10/15/2009:
What Happens when Uncle Sam stops buying mortgages??? Currently, 85% of new mortgages are guaranteed by Government backed entities( FHA, FNMA, GNMA, Freddie Mac) and the Fed buys 80% of the securities into which these government backed mortgages...
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Thousand Oaks, California
as of 10/15/2009:
Start repairing bad credit rating now. Homeowners who have lost their homes to foreclosures or through short sales may be able to buy another home in as little as two years by taking immediate steps to rebuild their credit. Consumers...
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Ventura County, California
as of 10/15/2009:
Help from Fannie and Freddie for foreclosed homes. Fannie Mae and Freddie Mac are offering financing incentives for buyers of foreclosed homes owned by Fannie and Freddie. Home buyers have until Oct. 30 to apply for Freddie Mac's SmartBuy...
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Westlake Village, California
as of 10/15/2009:
FHA guidelines. Property flipping is a practice whereby a recently acquired property is resold, often for a considerable profit. Most property flipping occurs within days or a few weeks of acquisition and usually with only minor...
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