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Promenade West
DP # 11229
Along the Expo Line Buyers are not taking full advantage of the housing market now, even
though interest rates are hovering around 4 percent. This can change if
buyers better understand a few of the following realities in today’s real
by Steve Hymon
estate market.
Buyers believe that they need to have a 20 percent down payment to
xpo Line crews started
Jump as Rates Ease 97.0 in November 2009. The data reflects Countrywide and the Charlotte bank dur- (614) 785-1111 • www.DiscoverPublications.com
The Mortgage Bankers Association’s index contracts and not closings, which normally ing the housing boom.
of loan demand climbed 2.2 percent overall occur with a lag time of one or two months. Mortgage repurchase claims are one of
the many problems still plaguing banks in KidNews, distributed by Knight Ridder/Tribune.
for the week ending Jan. 7, to its highest Sudoku, Scrabble, Pet World, Rita St. Clair,
level in nearly a month. Fannie, Freddie Win the wake of the nation’s financial meltdown. Wolfgang Puck’s Kitchen distributed by
The group’s index of refinancing applica- During the housing boom, banks sold off Tribune Media Service.
tions rose 4.9 percent, while its gauge of $3.3 Billion in Settlements many of the loans they made to investors,
loan requests for home purchases fell 3.7 Looking to resolve one of its major mort- © Copyright 2010 by
allowing them to make even more loans. In
percent. gage headaches, Bank of America Corp. on Discover Publications, Inc.
Monday said it has paid $2.8 billion to set- certain circumstances, however, the
All rights reserved.
Pending Home Sales tle claims related to soured Countrywide investors who bought the loans can require
Continue Recovery Financial Corp. mortgage loans. banks to buy them back when the mort-
Pending home sales rose again in Ally Financial Inc., formerly known as gages go bad. ■
®
The UPS Store TM
NOTARY
LIVE SCAN-
FINGERPRINTING
SHIPPING
PACKING
BANNERS
MAIL BOX RENTALS
645 West 9th Street, Ste. 110
(on FLOWER before 9th Street)
213.620.0081
www.theupsstore.com/4977.htm
If your property is listed with another broker, this is not intended as a solicitation. The information available on this publication is not intended to be legal advice.
4 The reader is advised to consult with a qualified attorney on any legal matters. Information herein deemed realiable but not guaranteed.
s e l l e r ’ s c o r n e r
If your property is listed with another broker, this is not intended as a solicitation. The information available on this publication is not intended to be legal advice.
The reader is advised to consult with a qualified attorney on any legal matters. Information herein deemed realiable but not guaranteed. 5
s e l l e r ’ s c o r n e r
If your property is listed with another broker, this is not intended as a solicitation. The information available on this publication is not intended to be legal advice.
6 The reader is advised to consult with a qualified attorney on any legal matters. Information herein deemed realiable but not guaranteed.
h o m e s p a c e
If your property is listed with another broker, this is not intended as a solicitation. The information available on this publication is not intended to be legal advice.
The reader is advised to consult with a qualified attorney on any legal matters. Information herein deemed realiable but not guaranteed. 7
880 W 1ST STREET, 2ND FLOOR - $450,000
RETAIL/COMMERCIAL/OFFICE
1 1
+ +
1 1
+
2 +
1 FT
2 1 LO
If your property is listed with another broker, this is not intended as a solicitation. The information available on this publication is not intended to be legal advice.
The reader is advised to consult with a qualified attorney on any legal matters. Information herein deemed realiable but not guaranteed.