Month: September 2014

FHA Selling Loans in Default

From the latimes.com - thanks daytrip: http://www.latimes.com/business/realestate/la-fi-distressed-loan-sales-20140911-story.html An excerpt: The protests over the FHA Distressed Asset Stabilization Program are the latest ripple in the wake of the foreclosure crisis,...

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Carlsbad’s Downtown Plan

From the utsandiego.com: http://www.utsandiego.com/news/2014/sep/09/carlsbad-village-barrio-master-plan/ CARLSBAD — Carlsbad is set to host a series of events beginning Wednesday asking the public to share their ideas for future development in the Village and Barrio...

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‘Control Fraud’

Here's a fascinating story about the prosecution of people who defaulted on liar loans they obtained in 2006. The U.S. Attorney accused of them of mortgage fraud, and the defense attorneys - some appointed by the state - made the case that banking executives intended...

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Inventory Watching Football

The number of NSDCC active listings has risen 8% since the first week of June, and sales are slowing.  Unless there is some price adjustment by the sellers, we're in for a stagnant 4-5 months. - Go Chargers! The UNDER-$800,000 Market: Date NSDCC Active Listings Avg....

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Be Prepared

Thanks daytrip! http://www.latimes.com/local/la-me-adv-bel-air-disaster-20140905-story.html Tucked beneath green tennis courts in a hidden corner of Bel Air Crest, a 10-by-20 shed holds enough emergency equipment to stock a small hardware store — a 13,000-watt...

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3D-Printed Houses

Hat tip to daytrip: Architects around the globe are racing to build the world's first 3D printed houses — a breakthrough with profound implications for housing affordability and customization. In China, a company named Winsun this year said it built 10 3D printed...

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