Archive for category Lending
Fannie and Freddie Set Timeline Requirements for Short Sales
BY: CARRIE BAY Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater transparency to [...]
SDCAA MEMBER DISCUSSES ECONOMY, JOBS AND HOUSING MARKET
Posted by Jerry in Apartments, Lending on November 3, 2011
By ogalvez@sdcaa.com Alan Nevin, SDCAA member and partner with the San Diego based London Group, sat down with George Chamberlin from the San Diego Daily Transcript to discuss a variety of issues including the current state of San Diego’s economy, unemployment rate and housing market. The entire discussion was filmed and is available via webcast here. Original [...]
1099 REPEAL GETS SIGNED BY THE PRESIDENT
The President signed the repeal of HR 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” The repeal of the 1099 requirements essentially takes us back to the requirements before passage of the health care law and the small business bill (in the case of the 1099 targeted at [...]
Low-Interest Financing Helps Make Apartments Prime for Investing
Posted by Jerry in Apartments, Lending on January 3, 2011
By Lou Hirsh Monday, January 3, 2011 A combination of low supply, cheap financing and rising demand for apartments made multifamily real estate the most active commercial segment for San Diego County transactions during 2010. And experts expect those trends will continue in 2011, bolstering the local apartment investment market’s status among the strongest in the [...]
Multifamily Market Is Real Estate’s Big Draw
Posted by Jerry in Apartments, Lending on November 15, 2010
By Lou Hirsh Monday, November 15, 2010 Abundant sources of cheap financing combined with relative scarcity of supply, to meet that demand for apartments, have made multifamily real estate this year’s most robust commercial property investment sector in San Diego County.