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California Short Sales, Foreclosures, REOs Los Angeles, San Diego, Riverside & Orange County Short-Sales Listings
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06 Jan 09 Short Sales in California May Slow with Low Rates and Mortgage Relief

According to former Ditech executive Josh Emmons, “The increased consumer awareness of foreclosure prevention alternatives like loan modifications has reduced some of the short sale market-share.” Still many real estate evaluators expect a bumpy road for 2009 with property values forecasted to decline in double digits across the state. California short sales continue to dominate the Southern California housing market. However many believe we will see a turn of the tide for the mortgage business.

KMG President, Jason Cardiff remains optimistic of a possible rebound for the housing sector in 2009 because of the significant efforts from the mortgage powerhouses to lower interest rates and make credit more available for refinancing and new home financing.  In a recent Real Estate Related News article Jason Cardiff said, “2009 may see the housing sectors and home financing markets rebound after all.” He continued, “The Federal Reserve showed their commitment with record low rate cuts to fight deflation and many financial insiders believe the President Elect, Barrack Obama will be aggressive in an effort to stem the foreclosure mess.” Read the complete story > Jason Cardiff Remains Optimistic of 2009 Mortgage Rebound

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