One of the biggest hurdles many solvent investors have had these days is Fannie Mae's (FNMA) limitation on the number of one- to four-unit financed properties.  This limit dropped to four properties over the last year or so, which has hamstrung many investors looking to add to their real estate portfolio. However, according to FNMA Announcement 09-02, borrowers may now have up to ten financed properties without having to pay the higher rates of private or hard-money resources.  In the current...continue reading...

As a Branch Manager for Windermere Exclusive Properties it's my job to spread the word on why our brokerage is a great place to work.  With all of the "consolidation" going on in the San Diego real estate world,  it's been hard for me to get out because our phones are starting to ring off the hook. Our phones are ringing because we are the company that is different than the rest and agents are looking for better, more innovative companies...continue reading...

Foreclosed properties and "short sales" are certainly in the news today. We are all aware that they exist in every community right now including our own neighborhoods. Properties that have been taken back by a bank or lender and held on their books are known as "real estate owned" or REOs.For both regulatory and business reasons they must work to sell them as soon as they can and get the REOs off their ledgers.  So-called short sales are where the private...continue reading...

Huge headlines, scary story lines, and big government moving at breakneck speed to shore up our economic backbone.  You are undoubtedly hearing about an eminent and massive move by the Federal government to finally get its arms around the national, indeed global, financial crisis. The latest courtesy of my friend and Branch Manager Paul Gonzalez at our sister company CW Mortgage.   We are writing to you today to briefly shed some light on what this may mean to you and...continue reading...