February 2010 SCW
By Connor P. Wallmark • Feb 2nd, 2010 • Category: February 2010 Journal, Supreme Court WatchReal estate related issues pending before the United States and California Supreme Courts.
Real estate related issues pending before the United States and California Supreme Courts.
This article analyzes the due diligence investigations by a mortgage loan broker (MLB) into a trust deed note available for purchase by his trust deed investor.
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Statewide, 41,837 homes were sold in December, up 16.7% from November, and up 10.6% from one year ago. 22,328 of these homes were sold in Southern California (So Cal), up 16.4% from November, and up 12.1% from one year ago. The statewide median price paid for the phantom median-priced home was $264,000, up 1.1% from [...]
In the past, the Federal Housing Administration (FHA) has traditionally refused to insure mortgages on homes resold within 90 days. This rule discouraged “flipping” of property by speculators who sandwich themselves between seller and buyer; behavior which artificially drives up prices by the amount of the profit they extract. As an incentive to clear the [...]
Statewide, 35, 860 homes were sold in November, down 13.1% from October, but up 11.5% from one year ago. 19,181 of these homes were sold in Southern California (So Cal), down 13.3% from October, but up 14.7% from one year ago. The statewide median price paid for the phantom median-priced home was $261,000, up 1.6% [...]
This article classifies participants in the real estate market, differentiating beneficial real estate participants from those that are harmful.
Real estate related issues pending before the United States and California Supreme Courts.
Real estate related issues pending before the United States and California Supreme Courts.
The Federal Housing Administration’s (FHA’s) insurance fund does not contain the minimum reserve mandated by Congress. The FHA, which now insures over 35% of California home loan originations, is desperate to find ways to pump up its meager reserves in the event another or continuing wave of foreclosure pummels the nation. Further FHA insurance fund [...]