1st Time Home Buyer Tax Credit Extended to Dec. 31

kdrusch | March 30, 2010

C.A.R. applauds Gov. Schwarzenegger’s signing Homebuyer Tax Credit legislation into law
LOS ANGELES (March 25) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.
“We are pleased that Governor Schwarzenegger recognized the positive impact the tax credit will have for families [...]

Prom Dresses Needed for Foster Teens – Can You Help?

kdrusch | March 26, 2010

I am so excited by the wonderful souls who have so far dropped off 22 prom dresses for San Diego foster teens. We still need 50 more gently used, dry cleaned, prom dresses and fancy party dresses. All sizes & styles (short or long) are needed. There is a special need for plus size [...]

Psst…bank owned home in Valley Center! 3 bed/2 ba, 2 acres!

kdrusch | March 24, 2010

You better hurry on this one! It will be on the market in the next week or two & you can beat the crowds. I expect multiple offers on this one so jump in early! It was built in 2004 and has wonderful mountain views. Approximately 2200 sq ft with a 3 car garage. Open [...]

Interest Rates Likely to Rise Shortly

kdrusch | March 19, 2010

WEEKEND INVESTORMARCH 13, 2010.Nabbing a Bargain-Basement Mortgage Before Rates Rise .ArticleComments (13)more in Personal Finance ».EmailPrintSave This ↓ More..Save to ↓ More.Save This ↓ More.Saved ↓ More..Please log in or register for free to use Save This.Log InRegister What is Save This?Save to+ New CollectionGo to Save & Share »Name your new Collection and click [...]

Short Sale Sellers to Receive $1,500 incentive via Obama

kdrusch | March 12, 2010

According to a New York Times Article dated March 7, 2010, the Obama Administration will pay $1,500 to homeowners who want to short sell their home. This stipend is an encouragment to short sale instead of going full foreclosure. The article details the benefits to the economy to shorten the life cycle of upside down [...]

10 percent reportedly late on mortgages

kdrusch | March 12, 2010

The following article appeared in The San Diego Union Tribune on 2/18/2010
“10 percent reportedly late on mortgages
County figure up from 6.2 percent year earlier
By Roger Showley, UNION-TRIBUNE STAFF WRITER
Nearly 10 percent of San Diego County homeowners with mortgages are at least two months late on their payments and are likely to default and fall [...]

Obama’s Mortgage Plan Not As Effective As Originally Planned

kdrusch | March 12, 2010

The following article appeared in USA Today on February 23, 2010.
“Mortgage plan helps only 12% of borrowers reduce payments
By Stephanie Armour, USA TODAY
A year after the federal government announced a $75 billion plan to slow the rate of foreclosures, more than 1 million homeowners have gotten temporary reductions in their mortgage payments.
But [...]

New Short Sale Guidelines in Summary

kdrusch | March 12, 2010

The following article was created by David Romero, CEO, Century 21 Award, on March 10, 2010.
“The new Short Sale Process will be crucially important in 2010. We believe that having timely information on this issue is vital to our community. Scroll down to find the latest updates and information on the new Short Sale process.
The [...]

A Buyer’s Agent Can Sabotage A Buyer’s Offer!

kdrusch | March 9, 2010

Buyer’s real estate agents are a necessity to ensure the buyer is represented well, legally, fairly, competitively and successfully in their home buying transaction. A buyer’s agent is typically paid by the seller so it is really foolish for a buyer not to have their own agent from the beginning of the home buying [...]

Buyers Should Consider Jumping in Now… the Bottom is Here!

kdrusch | March 9, 2010

Housing prices have bottomed out; and in fact, they have risen approximately 8 % since January. In North San Diego County homes, it is typical for the sales price to exceed the list price. In homes listed for $300k or under, there are usually multiple offers in the first 48 hours. [...]