CalHFA this month said it received $5.4 billion in financing assistance through the Treasury Department’s temporary financing program, which will allow it to re-start other programs in the first months of 2010.
Mark and Kari Shea
Real Estate Experts Serving San Diego County
Specialists in Investment Properties, Foreclosures, Short Sales,
Development Opportunities & Traditional Real Estate
www.shea-realestate.com

In a surprise decision, FHA waived the 90 day rule for FHA loan customers to be able to buy a flipped home.  Prior to this decision, FHA buyers were left out of the market for homes that have been rehabbed and put on the market.
Best to you,
Mark and Kari Shea
Real Estate Experts Serving San Diego […]

As the economy recovers, markets will stabilize but the old ‘normal’ will not return.  A new normal will prevail when the housing market recovers, according to a report released by the Urban Land Institute.
Good reading,
Mark and Kari Shea
Real Estate Experts Serving San Diego County
Specialists in Investment Properties, Foreclosures, Short Sales,
Development Opportunities & Traditional Real […]

People think the government will regulate mortgage rates to keep them low forever.  In reality, inflation will start to catch up with government economic spending.  Once that happens, all of the current rules go out the window and the Frd will have to raise rates.  In our opinion, we have approximately 1 year before the […]

Yesterday we gave some advice on how to set a buyer’s expectations, today we want to offer some advice on setting expectations for a seller.   For all of the home sellers, we know that price is the first part of the equation, 80% to 90% of the equation.  Make sure you understand your bottom line […]