Interest rates have been at all time lows for quite some time now. Not only have interest rates been at all time lows but values have fallen at the same time, in the Santa Maria real estate market you can see homes in Santa Maria that have lost 70% of value from their peak. Which is the first time in American history where interest rates have fallen in conjunction with home values. Historically values and interest rates are inverse, basically when rates go up, values tend to go down and when values go down interest rates go up. [...]
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what you need to know is your loan recourse or non recourse, and what does that mean? Just keep in mind the following is intended for general information only please seek legal counsel for your own specific situation. Most of this information will be how California treats mortgage loans if outside California you may want to see how your state treats mortgage home loans. [...] 35,404 new and resale home transactions closed escrow in California during September 2011, up 7% from one year ago when 33,176 sales closed escrow. September is the second month in 2011 in which home sales volume surpassed the corresponding month in 2010. [...] |
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