Higher home prices offset lower interest rates to reduce housing affordability in California during the fourth quarter of 2012. The Index is considered the most fundamental measure of housing well-being for home buyers in the state.
In a study conducted over 15 years, we found that children of homeowners fared better than children of renters.
Starting January 1, 2013, a new California law will protect homeowners who default on their refinance loans from personal liability for any deficiency following foreclosure.
Housing market confidence among Americans continues to trend in a positive direction despite stalling optimism about the economy and personal finances, according to results from Fannie Mae’s June 2012 National Housing Survey.
Despite widespread national asking price rises, rent increases outpaced price increases in 22 of the 25 largest rental markets, according to the Trulia Rent Monitor. Nationally, rents were 5.4-percent higher in June than they were a year ago.
Data in the June Housing Scorecard show some promising signs of stability, though the overall outlook remains mixed.
California Governor Jerry Brown signed into law today the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other negative effects of foreclosures on families, communities, and the economy.
Generally, A short sale does two things to your credit. First, all credit accounts show how the account was closed and for a short sale it will say something like “paid, less than agreed”. When you go to get a new mortgage and the lender checks your credit they will see this. Next they will look at how long ago this happened and compare that to their rules and if not enough time has passed they will not give you a loan. The second thing that hurts your credit are if there are any late or missed payments.
California Senate Bill 183 known as the “Carbon Monoxide Poisoning Prevention Act” went into effect July 1, 2011. It requires single-family homes with an attached garage or appliances that burn fuels like gas, coal or wood to have a CO (carbon monoxide) alarm.
Foreclosure Radar, a website that tracks foreclosure filings is reporting that Wells Fargo, Bank of America and US Bank increased their rate of foreclosure filings by double digits in California, Nevada, Oregon and Washington between July and August. Foreclosure rates had been in decline over the few months previous to August.
In California, foreclosure starts [...]
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