The Scott Lyle Fyle
$22B Still Unclaimed in Government Mortgage Relief
Daily Real Estate News | Wednesday, July 30, 2014 Nearly $22 billion remains available to help struggling home owners reduce their monthly mortgage payments and avoid foreclosure through the government’s Making Home Affordable program, acco...
The Most Expensive Pocket Listing Ever?
Daily Real Estate News | Tuesday, July 29, 2014 The Spelling Manor, which made headlines a few years ago for being the priciest home on the market in the nation at the time, reportedly is up for sale again — but this time, it's a pocket lis...
What Consumers Want Smart Homes to Do
Daily Real Estate News | Tuesday, July 22, 2014 When it comes to smart homes, consumers are more interested in their security features than the gadgets that control the homes' appliances. New research by Icontrol Networks, a home technology c...
JPMorgan Threatens to Stop FHA Loans
Daily Real Estate News | Tuesday, July 22, 2014 JPMorgan Chase & Co., one of the nation's largest mortgage lenders, is threatening to stop originating mortgages insured by the Federal Housing Administration. JPMorgan, the second-largest s...
Minorities to Drive Household Growth
Daily Real Estate News | Monday, June 30, 2014 Minorities are projected to make up nearly half of first-time home buyers by 2025, and account for more than one-third of U.S. households by then, according to a study by the Joint Center for Hou...
Seller Financing Strategies and 1031 Exchanges
Sellers who are motivated to sell may sometimes offer to provide financing to the buyer. At the closing, the buyer deposits some cash and signs a seller carryback note for the balance. If structured as an installment sale under IRC Section 453,...
California Desert Association of Realtors to withdraw from big SoCal listings group.
There's one Coachella Valley, but from the eyes of many longtime real estate agents, there are two distinct territories. Palm Springs — and everything else. Palm Springs draws heavily on its star-studded links to Hollywood and mecca of retro ...
The Desert in Demand Palm Springs Is in Demand, With Help From Coachella
By PETER HALDEMANMAY 30, 2014 It was Dinah Shore Weekend in Palm Springs — or the Dinah, as it’s known — five days of Sapphic revelry that every April draws some 15,000 women from around the country to this sun-washed city 90 miles sout...
Foreclosures Drop to Lowest Level Since Great Recession
Daily Real Estate News | Friday, May 30, 2014 Over the last 12 months, completed foreclosures have fallen to the lowest level since the Great Recession began in 2007, according to CoreLogic’s April National Foreclosure Report, which shows c...
Mortgage Rates in a Falling Streak
Daily Real Estate News | Friday, May 30, 2014 For the fifth consecutive week, mortgage rates inched down, lowering borrowing costs for home buyers and refinancers, Freddie Mac reports in its weekly mortgage market survey. T his week’s nati...
Mortgage Applications Rise 0.9% in Latest Week
Daily Real Estate News | Wednesday, May 21, 2014 For the third consecutive week, mortgage applications rose as interest rates dropped, the Mortgage Bankers Association reported Wednesday. Mortgage applications, reflecting those for refinancin...
Mortgage Giant Tweaks 5 Projections for Housing in 2014
Daily Real Estate News | Wednesday, May 21, 2014 Regular supply and demand forces continue to produce unexpected results in the housing recovery, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for May. “The housing re...
‘I’m too afraid to sell my home
NEW YORK (CNNMoney) In hot real estate markets all over the country, homeowners are feeling stuck: They know they can get top dollar if they sell their home, but fear they will have no place to go if they leave. The concern: An ongoing shor...