Diegocentric

Pricing Reality for Sellers.  The November 2010 Numbers Are In. Here are the November statistics for seller pricing in the San Diego housing market. Price your home to sell on day 1.   The first two weeks your home is on the market is the most critical time for your home sale.   Overpricing cause...

Freddie Mac to Suspend Foreclosure Evictions for the Holidays Freddie Mac announced that they will be suspending foreclosure evictions from Dec. 20th to Jan. 3rd of 2011 in order to give families a piece of mind during the holidays.   Evictions will be suspended for occupied homes only.  For home...

Why Short Sales Fall Apart According to a recent article by the Wall Street Journal  second lien holders are standing in the way of short sales. A  lien holder is anyone that has an interest (financial usually) in the property.  In this case we are talking about those individuals who have a secon...

Don't Miss Balboa Parks December Nights this Friday and Saturday This is the largest FREE community festival in San Diego.  For the past 33 years Balboa Park has kicked off the holiday season with this festival for the whole family.  Entertainment Food from around the world Plus the Timken Museum...

Do you love Historic Homes?  So do I.  If you are looking for a historic or "Period" home in San Diego check out my website Diegocentric.com/historichomes. This weeks post provides a link to 1930's homes for sale in San Diego. Enjoy!! Period Homes for Sale in San Diego 1930-1939

Don't Miss The Lighting of The Hotel Del Coronado Tonight Tonight at the Hotel Del Coronado not only will this San Diego icon continue the annual tradition of "the lighting of the Del", but they will also have a wonderful holiday festival. The holiday festival will feature an outdoor ice rink, Sa...

The "Home Path Protection Program" (HPPP) is a type of mortgage insurance offered by the California Association of Realtors.  This is a good program for sellers to utilize too provide added value for buyers.  In tough markets you and your Realtor need to think out of the box.  Here are the detail...

Remember the tax credit offered by the federal governent.  Well when you file your 2010 taxes you might have to start paying it back.  Here is a reminder of what each credit was for and for how much.  Please consult your tax professional to see if and when you will need to start re-paying your cr...

As a reminder Fannie Mae buys loans in the secondary mortgage market.  In order for those loans to be saleable they must meet Fannie Mae and Freddie Mac guidelines (called a conforming loan).  As of Dec. 13, 2010 some of those guidelines are changing.  Here is the brief low down. Buyers now can u...

As a reminder most, if not all, banks sell their loans in the secondary mortgage market (much like a stock).  Fannie Mae and Freddie Mac both work in the secondary mortgage market by purchasing loans from the lenders that originate them thus making more funds available to be lent. The loan's they...