Distressed B. of A. homeowners in Calif. now have chance of principal reduction

Distressed Bank of America homeowners in California now have chance of principal reduction Bank of America has joined the Keep Your Home California principal-reduction program, making it the largest loan servicer involved in lowering loan balances for those with economic hardships. Making sense of the story Keep Your Home California is a program offered through …

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Up to 1 million foreclosure filings pushed to 2012, and beyond

Foreclosure activity fell 29 percent in the first six months of this year compared with the first six months of 2010, according to a report from foreclosure data site RealtyTrac. A total of 1.17 million properties nationwide received foreclosure filings — including default notices, auction sale notices or bank repossessions — in the first half …

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All-cash buyers pump up the local market

Cash is king in the real estate market throughout Southern California in general and in Orange County in particular, where thanks to falling home prices, more people with the means seem interested in plunking down a lump sum and getting a home free and clear. But many of these buyers aren’t just people in search …

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Timing Market Prices

The median price in the state of California was $271, 320 in February, down 2.8 percent month-to-month and down 2.5 percent year-to-year.  In the last four years, median price in the first few months of the year has declined more sharply than the long-run trend going back to the late 1970s.  So what is going …

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