Palm Springs Area Real Estate

It's mid October and seasonal residents & vacationers started arriving to the Desert from Canada  , the Northwest and the Midwest of the USA, and some are here for the first time and wondering where they can golf . Here is a list of Public and Semi Private Golf Courses in Palm Desert: palm desert public golf courses

The following is a breakdown of the California Homeowner Bill of Rights which was signed into Law, as presented by the California Association of Realtors. Assembly Bill 278 and Senate Bill 900, is available at www.leginfo.ca.gov. Applicability of the Law: This law will generally come into effect on January 1, 2013. It only pertains to first trust deeds secured by owner-occupied properties with one-to-four residential units, unless otherwise indicated below. "Owner-occupied" means the property is the principal residence of the borrower and secured by a loan made for personal, family, or household purposes (CC 2924.15). A "borrower" under this law must generally be a natural person and potentially eligible for a foreclosure prevention alternative program offered by the mortgage servicer, but not someone who has filed bankruptcy, surrendered the secured property, or contracted with an organization primarily engaged in the business of advising people how to extend...

Finally after all the negative news about housing and prices, the trend in greater Palm Springs show some pretty good signs of home prices going up , and the inventory going down . We saw median home prices of sold homes  going up month over month in 2012.  In January 2012 the median sold price was $168,000 and has been rising ever since, the May 2012 median price was $220,000 , and I see the trend continuing based on the fact that inventories of available homes is down to 3.3  based on listings, and 2.9 based on pending sales. Below is a snapshot of the May 2012 report ,  see the full report here If you are interested in receiving a report for a specific city in the Palm Springs area, or for a specific community,  you can request report here and I will be glad to generate it for you. Find and View homes, condos and luxury homes for sale in Palm Springs and all Desert Cities here For Immediate Assistance call me at 760-600-6187

Bank of America announced on May 8, 2012 that they started mailing letters to some 200,000 home owners who are underwater with their mortgage.  The goal is "retention" through helping eligible struggling home owners with principal balance reduction on their mortgages. This move is part of the settlement reached between the Banks and the Federal Government and accepted by 49 State Attorneys. To be eligible, the home owner must : Owes more on the mortgage than the property is worth today. Was at least 60 days behind on payments on January 31, 2012. Has a contractual monthly payment for principal, interest, property taxes, hazard insurance and any applicable homeowner association fees totaling more than 25 percent of gross household income. Has a loan that is owned and serviced by Bank of America, or serviced for another investor that has given the bank delegated authority to do such modifications. For all the details read BOA's Press Release  ePalmSpring...

Palm Springs, CA  Where Visitors become Residents! Find your Home in the Palm Springs Oasis  

With the millions of foreclosures during the past few years, the robo signing, and the declined Loan Modification applications , now home owners whose primary residence was being foreclosed between January 1, 2009 and December 31, 2010 can request an independent review. " The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (federal bank regulators) have required an Independent Foreclosure Review by an independent consultant to identify eligible customers who may have been financially injured due to errors, misrepresentations, or other deficiencies in their foreclosure process. If the review finds that financial injury occurred, the customer may receive compensation or other remedy. " Home owners are eligible  for an Independent Foreclosure Review if  : Your mortgage loan was serviced by one of the  participating Mortgage Servicers  Foreclosure process was active between January 1 , 2009 and December 31,2010 ...

This May, we saw another healthy month of increased sales of condos in the Palm Springs area, surpassing single family homes in number of units sold and average sold price, when compared to May 2010. According to The California Desert Association's May 2011 report based on the Desert Area MLS of all desert cities; May 2011 266 condos sold at an average selling price of $224,914 . 30% were foreclosures and short sales. That's an increase of 22.6% in sold units, and an increase of 12.4% in average sold price over 2010. May 2010, 217 condos sold with an average selling price of $200,138. 36% were foreclosures and short sales. Palm Springs and Palm Desert tied at 86 in the number of condos sold . The average selling price in Palm Desert came at $266,624, a 7.3% increase from May 2010. Palm Springs condos average selling price came at $173,358, 12.3% increase over May 2010. La Quinta   gained 5.3%, while condos in Indian Wells  , Rancho Mirage , Cathedral City and ...