Obama proposes FHA refi plan
News You Can Use
By Polyana Da Costa - Bankrate
President Barack Obama has proposed allowing underwater homeowners to
refinance their mortgages with FHA-insured loans. The proposed program would
extend today's low rates to homeowners who owe more than their homes are
worth. see article>>>
The Southern California foreclosures market is shifting from one where agent
listings comprised the bulk of all real estate sales to one where foreclosures
are declining, particularly in the agent listing marketplace. see article>>>
How to Buy Homes at Auctions
There is some increased competition at area foreclosed home auctions,
however, as traditional sales are rapidly finding multiple offers on the same
properties and making it difficult for non-cash buyers to get an acceptance.
see article>>>
Foreclosures Give Way to Auctions