Saturday, November 26, 2005

Real Estate News for Saturday, November 26th, 2005

Realtors' bullish housing outlook questioned. The National Association of Realtors asserts in a new report that a healthy housing market is here to stay and prices aren't likely to decline. But that sounds awfully upbeat given recent data showing that home-builder sentiment has plunged and that price inflation in certain markets, including California and Florida, has started to slow. At the same time, inventories are up, mortgage applications are down and real-estate lending, particularly home-equity loans, remains soft. Click here to read more.

How to Buy a Home Real Estate or Property from HUD. HUD takes properties back when homebuyers fail to make payments on FHA loans. It is in HUD’s best interest to not lose money on these deals. In an effort to curb losses HUD has assigned various professional brokerage firms around the country to handle their asset sales. For instance in Southern California HUD has assigned Pemco to handle all HUD foreclosure sales. In New York HUD assigned National Home Management Solutions to provide the brokerage services. HUD has a link to the various assigned brokerage firms throughout the country. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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