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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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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California Short Sale Addendum Below is an outline of a real estate law presentation I gave on short sales at the Local San Diego HUD office.  This outline is designed to be viewed along side the California Association of Realtor’s Short Sale Addendum. SHORT SALE ADDENDUM California Association of Realtors Form SSA (11/07) and Form […]

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Home Owner Lines of Credit may be pulled   I remember this form 2008 ish…   https://en.wikipedia.org/wiki/Home_equity_line_of_credit HELOC freeze In 2008 major home equity lenders including Bank of America, Countrywide Financial, Citigroup, JP Morgan Chase, National City Mortgage, Washington Mutual and Wells Fargo began informing borrowers that their home equity lines of credit had been frozen, reduced, suspended, rescinded or restricted in some other […]

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Sell Your Home for $2,000 up front or 1.35% at closing. The Fall is always an outstanding time of the year to purchase a home. There is more flexibility and if you see a home you like, your odds of being able to purchase a great home are much higher because there is typically fewer […]

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