With the recent change in HUD policy allowing investors to purchase homes and flip them right away and not forcing them to hold title before they can be sold with FHA financing will definitely help the flipper but drive the first time home buyer away from the distressed homes for sale in the Heme
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01/17/2010
California Voters started a Tax Revolt in 1978 with the passage of both Prop 13 and Prop 8. Now the glory has always gone to Prop 13 as that is the voter mandated constitutional amendment that directed the County Assessors to roll back assessed value and to limit the way property taxes could be
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01/17/2010
Let me first disclaim that I am not in law enforcement and I have no special knowledge of what has been taking place in the world of mortgage fraud - but I am a student of the real estate industry - which includes mortgges - and from where I sit, it appears as if most mortgage fraud is the result
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01/17/2010
We all know the devastation that can be caused by natural disasters, regardless of where they strike in the world. Well, earlier this week our Caribbean neighbor, Haiti was hit hard with a 7.0 earthquake that depending on who you listen to has left anywhere for 50,000 to 150,000 dead or missing f
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01/17/2010
I have said for a long time that the Hemet - San Jacinto CA real estate market is one of the most affordable in the country and that a buyer with $200,000 could buy just about anything we have listed in our local MLS.So I got to thinking, what could a million bucks buy in different markets across
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01/17/2010
As a Hemet - San Jacinto, CA real estate expert I find myself gathering knowledge from many sources - both traditional and non-traditional. I think they call this the school of hard knocks. Well, one of my activities is to keep up with real estate investors through their blogs and web sites. On
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01/16/2010
On January 15, 2010 the FHA granted a waiver to real estate flippers allowing them to take possession of a property and resell it immediately and not have to season the ownership for 90 days before selling with an FHA Loan. The press release by HUD is titled:HUD TAKES ACTION TO SPEED RESALE OF F
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01/16/2010
As an REO Listing agent of bank owned homes in the Hemet - San Jacinto CA valley I have to say that when I found this article I got excited to find so much relative information in one place - clearly outlining the do's and don'ts of buying bank owned real estate in the current market. Thanks, Nic
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01/11/2010
A fellow REALTOR® got a bit disturbed by some trash written on the threads of Zillow and Trulia. Apparently, some agents were trying to demand the same respect as doctors while some anti-real estate types would come back and trash our industry and reducing us to the stereotypical used care sales
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01/11/2010
In the Hemet - San Jacinto, CA Valley we have been hit hard, as a community, with more than our fair share of foreclosures and bank owned (REO) homes for sale in our little neck of the woods known as the Inland Empire, CA.As a small board, the Hemet San Jacinto Association of REALTORS (HSJAOR) be
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01/10/2010