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Rachel LaMar, J.D.
Broker, Attorney, Owner
LaMar Real Estate
Rachel@LaMarRealEstate.org
Cellular 760-310-9466
CA BRE# 01399682

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News, Views and Opinions on Real Estate, Law and the North San Diego Community

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rachel
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Rachel LaMar, J.D.
Broker, Attorney, Owner
LaMar Real Estate
Rachel@LaMarRealEstate.org
Cellular 760-310-9466
CA BRE# 01399682

News, Views and Opinions on Real Estate, Law and the North San Diego Community

Homebuyer assistance

B of A is Offering Up to $10K to Qualified Homebuyers

Bank of America announced a new program to help buyers purchase homes by offering up to $10,000 in closing costs to close a home loan. This assistance can be provided to qualified low to moderate income earners and multicultural homebuyers under B of A’s Neighborhood Solutions Program. The goal of the program is to provide…

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Home Buyers: Purchase Now or Wait Until Prices Drop?

This seems to be the million dollar question right now as home buyers survey the lack of inventory and multiple offer situations present in many markets. A strong seller’s market and high prices make some buyers nervous. So is it better to buy now or wait? There are a few very good reasons why now…

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2013 Real Estate Market Predictions

There has been a lot of speculation as to what will happen in the real estate market as we head into a new year. Here is my take on real estate market resolutions for 2013: Home prices will rise, slowly. Based on the current market and the rise in prices in 2012, especially toward the…

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Pre-Qualification vs. Preapproval: Do You Know the Difference?

Do you know the difference between a pre-qualification and a preapproval for a mortgage? Surprisingly, many buyers – and even many agents – do not. It is important to understand the difference before you prepare to search for a property. Pre-Qualification: When a buyer gets pre-qualified for a mortgage, it means that s/he has submitted…

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When Can I Repurchase?

So many sellers ask me when they can repurchase after a short sale, foreclosure or bankruptcy. Following is a great synopsis of when a seller can repurchase after a distressed sale or bankruptcy, based on the type of loan/bankruptcy: FHA Loan: Chapter 7:              2 yrs. Chapter 13:            2 yrs. Foreclosure:          3 yrs. Short Sale:             3…

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When Do You Truly Own the Home You Purchased?

I read an astonishing statistic today: Zillow reported that about 47% of homebuyers think they own a home once they have signed the purchase contract. Not only did this shock me, but it really made me upset. Someone – the agent – is not communicating. This is way too important to not discuss with buyers,…

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Congress Restores Higher FHA Loan Limits

It is official – Congress has voted to bring back the higher FHA loan limits. The measure, once signed by the President, will push the FHA conforming loan limit in the highest priced real estate markets (like California and New York) to $729,750 through 2013. The current limits cap at $625,500 in these markets; they…

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The Best Real Estate Sites & Apps for Buyers

Being a home buyer these days sure is easier. For starters, there is so much information at your fingertips that once was available only to real estate agents. I think this is great, as it allows those who wish the ability to do some research on their own and feel more comfortable going into the…

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