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The Truth about Buying Foreclosure'...

The truth is… for every foreclosure that turns out to have been a “great buy” there are hundreds of foreclosures that turn out to be a nightmare for the buyer. The risks involved in buying a foreclosure are extraordinarily high and there is no one protecting you. Once you move into a foreclosure...
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Home Buyer Tax Credit Expires Nov. 30...

Take advantage of low rates, and the Federal Tax Credit of $8,000 for New Home Purchases by November 30, 2009.
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Making Home Affordable… rele…...

Making Home Affordable… released today by Treasury Dept. a program to help troubled borrowers today, http://makinghomeaffordable.gov/
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Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...
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Officials Saw Recession End in August: F...

Fed Minutes: End of Recession seen in August numbers. Hopeful about a “pick up” in 2010. [Source: AP]
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New Homes vs. Forclousure...

Everyone has heard of the “deals” out there with buying a foreclosure; are they really there? Is it that easy, buy low, rent out, or improve and sell higher? This can help explain what I am talking about “Buying Foreclosures” another article is “Why Buy New” It’s...
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Pending Home Sales Rise Unexpectedly in ...

9/1/09- Seasonally adjusted index of sales contracts signed in July has risen to the highest levels in 2 years to 97.6 according to The National Association of Realtors (NAR). This reading is 12% higher than the same month last year.   Analysts predict sales will likely drop once the first time home...
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Rates Edge up, but still at record lows...

8/28/09-This week, the 30yr fxd mortgage rate, climbed slightly to 5.14%. Slightly higher than last week, and still near record lows. Lenders have tightened their standards for consumer loans, since the boom/bust of the industry. Though well qualified home buyers will receive the benefit of clean credit...
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Orange County New Home Supply Lowest in ...

Builder Confiedence has risen 4 straight months; Why? Their inventory is at record lows, which has lead to speculation in Orange County, Ca of a possible bottom.  New home sales numbers released from the Census Buearu confirm just that, inventory has been declining drastically. Low Rates, Tax Incentives,...
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Upward Home Prices Continue...

08/25/09- Case-Shiller Home Price Index shows a rise for the second consecutive month in June nation wide.  The Los Angeles Metro area showed a modest 1.1% increase in prices. David Blitzer, chairman of the Index Committee at S&P said, “There are hints of an upward turn from a bottom. However...

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