Four steps to buying a house in 2012

Q: I am on a mission to buy a home. I’ve wanted to own a home my entire life, and thought I would miss the opportunity to buy while the market was down, because I had no real savings when the market crashed. I think I’m ready, though, and prices still seem low. What should …

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More mortgage relief from the White House – but congressional ‘ok’ doubtful

An summary update (by CAR.org) on the mortgage relief plan by the federal government, covering an article by The Mercury News: In his State of the Union Address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery. Details of that plan were released yesterday. However, funding for the …

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Federal refinance plan in the works for underwater borrowers?

It looks as if a federal plan is in the works to help underwater borrowers with mortgages not backed by Fannie Mae or Freddie Mac.  The proposal, outlined in President Obama’s State of the Union address, would help millions of homeowners in America.  Borrowers would need a minimum credit score of 580 to be eligible.  …

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Will Year of Dragon be good for real estate?

If  past history is any guide, the new lunar year could be when the housing recovery really gets under way. Prices U.S. Calif. O.C. 1976 +7.9% +16.9% na 1988 +4.3% +18.4% +24.9% 2000 +4.3% +11.0% +12.6% Sales 1976 +23.7% +23.0% na 1988 +2.2% +10.0% +7.9% 2000 -1.0% -0.4% +2.2% The Year of the Dragon officially …

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