Q: I have signed a contract to purchase a newly built home. The homes have been on the market for 420 days. My lender is having issues meeting the closing date agreed upon, and now the builder is charging me $300 per day for each day closing is delayed. Do I have any legal recourse …
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“The Pending Home Sales Index (PHSI) jumped 5.2 percent in October to 104.8, its highest level since March 2007, the National Association of Realtors (NAR) reported Thursday. Economists had expected a smaller increase to 100.5. The September index was revised up to 99.6 from the originally reported 99.5. On Wednesday, the Census Bureau and HUD …
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Property Documents California’s challenging real estate market has made property fraud and other related schemes more prevalent. The Clerk-Recorder Department provides for the examining and recording of all documents dealing with establishing ownership of real property or land in Orange County. The department also records other documents, such as deeds of trust, reconveyances, liens and …
House and Senate leaders signed off on a conference report for a “minibus” appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013. Because the minibus appropriations package also contains a continuing resolution to avoid a government shutdown and continue federal operations until Dec. …
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