According to Fannie Mae economists, the housing sector is expectd to take steps forward in 2012, though total originatons will fall on fewer refinances.
They also say that the second half of the year should outpace the first 6 months, with relation to growth, and political uncertainty and fiscal policy in Washington is expected to drive consumer & business activity.
Chief Economist Doug Duncan said positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year. He stated that we're moving into 2012 with decent employment on the employment side which is resulting in positive consumer and household behaviors.
Total home sales were reported to increase about 3.5% to abouve 4.74 million in 2012 from 2011, and it's expected there will be a 5% gain in 2013 to close to 5 million. 2012 new home sales are expected to jump 10.4%.
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4 Malibu Notary Services
Danielle Dutcher | Commission #1873145
23805 Stuart Ranch Rd., Ste 150 &
22967 Pacific Coast Highway
Malibu, CA 90265
O 310.456.3655 | F 310.218.2117 | NotaryPublic@4Malibu.com
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• $10 per Notarized Signature
• REQUIRED: Current/Unexpired Government Issued Identification
• Appointments not required, but are encouraged
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Mobile Notary Public & Certified Loan Signing Services
• Services are provided 7 days a week to the businesses and residents of Malibu. • Off- hours, call 310.773.7556 or email NotaryPublic@4Malibu.com. • Travel fees do apply.
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| Disclaimer: A Notary Public is not a lawyer, and by law cannot answer any questions you may have about your document(s). Please be sure to contact your lawyer or the individual who provided you with your document(s) for explanation before you see the Notary Public. |
For Lease - Available Now - Flexible lease terms
Not in the MLS
$2295/mth
7816 Woodlake Ave. West Hills, CA
Near West Hills Medical Center. See the pride-of-ownership and attention to deal in this ranch home that has never been rented before. Smell the roses as you enter this recently updated home. Fresh paint and new flooring are just some of the many upgrades throughout. Enter the light and bright living room, which opens to the kitchen and dining areas. The oversized master bedroom has a huge, customized walk-in closet. Dual sinks in the master bath. Large, manicured grassy backyard with covered patio. Laundry room with full-size washer & dryer. Gated carport & street parking. Good credit a must. Near West Hills Medical Center.
MLS #12-574001
20152 Pacific Coast Highway, Malibu, Ca 90265
For Sale - $2,495,000
Awesome ocean front duplex on 60' of Big Rock Beach. Both units have been extensively remodeled and are in move-in condition. The upper unit is 2 bedrooms and 2.5 baths with all major rooms on the water that open to a huge beach front terrace. Open kitchen to living room with stacked stone fireplace. The lower unit is a 2 bed 2 bath with all major rooms on the water. Big Master suite and sitting area. Large ocean front terrace. Open kitchen to living room with fireplace. Both units with separate private entrances and both have private retractable stairs to beach. 6 car uncovered on site parking. City of Malibu septic operating permit just obtained. Priced to sell quickly. Listed with Pritchett-Rapf - Jeff Chertow.
The temporary property anti-flipping rule waiver has been extended through the end of 2012, by the Federal Housing Administration (FHA). The FHA rules prohibited insuring a mortgage on a home that the seller owned for less than ninety days. However, in 2010, the FHA waived this regulation and has extended it through the end of this year.
Buyers will be able to continue to use FHA-insured financing to purchase bank-owned properties and HUD-owned with this extension. This waiver will help stabilize prices a revitalize communities with high foreclosure activity.
According to the FHA’s Acting Commissioner, the waiver has strict guidelines and conditions which are implemented in order to prevent “predatory property flipping” in which properties are sold quickly at inflated prices.
Additionally, all transactions must be arms-length, where there is no link between the selling and buying parties. And when the sales price of the property is twenty percent or more than what the seller bought it for, the waiver will only apply if the lender meets specific conditions and justifies the increase in value.
The property flipping waiver does not apply to the Home Equity Conversion Mortgage program.
Research done by the agency found that in today’s market, it often takes less than ninety days to acquire, rehabilitate and resell foreclosed properties. As a result, FHA says prohibiting the use of its mortgage insurance for a subsequent resale within 90 days would adversely impact the willingness of sellers to consider offers from potential FHA buyers, mostly because they would be required to cover holding costs and the risk of vandalism that comes with allowing a property to sit vacant over a ninety day period of time.
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