Americans struggle to tap home equity amid coronavirus pandemic With the jobless rate spiking into the double digits, more Americans may look to unlock the wealth tied up in their homes to get through the crisis. Problem is, banks won’t give up the key. Lenders are increasingly turning away homeowners looking for equity lines of […]

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  Guidelines | Coronavirus Guidelines for Real Estate Best Practices During COVID-19 Updated on March 31, 2020 ​ The CALIFORNIA ASSOCIATION OF REALTORS® offers these Best Practices Guidelines to assist you in the safe practice of real estate. Following these guidelines will enable REALTORS® to demonstrate care for the health and well-being of clients, colleagues and […]

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To me this is the most telling chart of the charts Redfin put together. Sellers already understand their home prices have dropped. The scary thing is that during the first part of the Mortgage Crisis 1.0 you had to make your home the best priced home in your area to get showings and offers.  So […]

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  What Will the GDP Be for Second Quarter of 2020? JPMorgan Prediction With the coronavirus outbreak having already resulted in massive unemployment across the U.S., JPMorgan believes the gross domestic product (GDP) will absolutely crater during the second quarter of 2020. According to CNBC, JPMorgan economists are forecasting that the GDP will fall by […]

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From dnyuz.com   Homebound Buyers Ask: Is a Picture Worth $1 Million? – DNyuz The real estate industry, for all its newfound tech savvy, still relies on handshakes across mahogany tables. The coronavirus pandemic has exposed that weakness: Real estate is a cheek-by-jowl business, methodical by design, lumbering until the final, crowded contract signing. And […]

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These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says – MarketWatch These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says Published: April 4, 2020 at 11:12 a.m. ET By Jacob Passy 132 Federal Housing Finance […]

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Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. – The Washington Post Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. No trespassing posters are displayed in the window of a foreclosed townhouse that has been empty for 11 years in District Heights, Md. […]

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California Short Sale Law| Print | California Short Sale Law   Short Sales are influenced by California Case law, California anti-deficiency Statutes, California Association of Realtor contract forms, California contract law, (approval letters, escrow instructions, negotiated releases) loan servicer (think lenders)  duties to their investors, third party rules promulgated by agencies like fannie mae and freddie mac […]

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