400-Plus Rental Units Coming To Eastlake
Construction has started on a residential community of 400-plus units in Chula Vista, adjacent to the U.S. Olympic Training Center. Chula Vista Mayor Cheryl Cox said it’s the first major project in the area in about five years. “The city is very excited to see development activity on the east side,” Cox said in a [...]
Obama Proposes Extending Tax Waiver on Mortgage Debt Forgiveness
Obama’s FY2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007. The Act ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences do not have to pay taxes on the amount forgiven. Without the Mortgage Forgiveness Debt Relief Act, debt reduced through [...]
Investor buying spurred by demand for rentals
Full Article Investors looking for yield are acquiring more low-priced homes to fill growing rental demand, according to the latest HousingPulse Tracking Survey from Campbell/Inside Mortgage Finance. The survey shows that investors now dominate discount housing markets, and that first-time homebuyers are fading in favor of short-term living arrangements. In fact, 61.6% of properties purchased [...]
The C.L.U.E. Report
What is a C.L.U.E. report? A. The Comprehensive Loss Underwriting Exchange (CLUE) is a national insurance industry database of personal property claims. Insurance companies use it to underwrite or rate new policies. Whether you are selling or buying a home, you should talk to your REALTOR® about obtaining the report, which reflects the insurance claims [...]
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