Timeline Requirements Set for Short Sales

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring …

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New entryway for Corona del Mar?

Corona del Mar may soon have a new entrance into the city, at MacArthur Boulevard and East Coast Highway.  The plans could include an extra-wide sidewalk, planted palm trees, and low walls for seating.    According to Corona del Mar Today’s article on the topic, “Members of the Corona del Mar Citizens Advisory Panel voted …

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City to Remove Eucalyptus Trees Because of Accident

City to Remove Eucalyptus Trees From Irvine Ave. Median Irvine Ave. Closed Between Dover Dr. and Westcliff/17th St. The City of Newport Beach has asked its tree maintenance contractor, West Coast Arborists (WCA), to remove approximately 100 Blue Gum Eucalyptus trees located in a long hedgerow within the Irvine Avenue median between Westcliff/17th Street and …

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Risk of Strategic Default Rising in Low-Risk Areas

Negative equity remains one of the biggest challenges for the housing market. For some borrowers it can become their rationale to stop making mortgage payments and intentionally default on the loan. The risk of such strategic default is rising among loans that have “always performed,” according to the credit analysts at Moody’s Analytics. They say …

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