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November 19, 2010

More Mixed Mortgage Numbers

http://finance.yahoo.com/news/More-than-half-leave-Obama-apf-858557323.html?x=0&.v=3&.pf=real-estate&mod=pf-real-estate
 
More than half of the 1.4 million homeowners who enrolled in the Obama administration's flagship foreclosure-prevention program have fallen out.

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November 18, 2010

Mixed News - Mortgage Delinquencies Down...Foreclosures Up

http://money.cnn.com/2010/11/18/real_estate/mortgage_delinquencies_decline/index.htm
 

Fewer borrowers are behind on their mortgage payments. But is this just a manipulation of statistics?

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November 17, 2010

FHA doing well - No bailout needed

http://www.car.org/newsstand/newsreleases/todaysheadlines/inman/#
 

Finally a lending organization that doesn't need a bailout!

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November 16, 2010

Foreclosure Stress Test for Banks?

http://money.cnn.com/2010/11/16/real_estate/congressional_oversight_panel_bank_foreclosures/index.htm
 

A congressional panel seeks to assess the vulnerability of banks to determine whether they can withstand potential losses stemming from foreclosure investigations.

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November 15, 2010

Socal Pool Home Owners - Energy Savings Rebate Available

http://www.sce.com/residential/rebates-savings/pool/pool-pump-motor.htm?from=directmail
 

Get a Rebate of Up To $300

Get $300 back when you purchase a qualified variable-speed pool pump between September 3, 2010 and December 31, 2010, and install it by February 28, 2011.

About this Rebate

This rebate is part of the Home Energy Efficiency Rebate Program. To qualify, just replace an existing pool pump and motor with a qualified, energy-efficient, variable-speed model. Single-family residences only. Funds are limited.

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November 12, 2010

Economic Recovery Fuel - Real Estate

http://www.usatoday.com/money/economy/housing/2010-11-11-mortgage-rates_N.htm

The article sites a decline in sales volume yet an increase in home prices. I know I'm seeing a decline in both sales volume and home prices in my local area. What are you seeing in your marketplace?

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November 10, 2010

California Increasing Foreclosure Aid...Big Banks Not Participating...Yet

http://www.latimes.com/business/la-fi-foreclosure-fund-20101110,0,5744232.story

Banks receive $1 for every $1 of mortgage debt relief they provide yet they are hesitating to participate. Is there more than meets the eye here?

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November 9, 2010

Empty Houses Go To The Needy

http://www.nytimes.com/2010/11/09/us/09foreclosure.html?_r=1&hp

Curious to read your comments regarding this man's business model and what he is doing to help the less fortunate.

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November 8, 2010

California Housing Market Forecast - 2011

http://videos.car.org/mediavault.html?menuID=7&flvID=0

This video is provided by the California Association of Realtors and gives some good insight to the state of the California economy and how that relates to the real estate market. I hope you enjoy.

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November 4, 2010

Great View of Catalina from Huntington Beach

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Not bad for a photo taken with a mobile phone. Enjoy!

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