U.S. to pay off mortgage investors

Treasury Department announces new mortgage incentives for lenders, which will reduce monthly payments for millions of borrowers.   WASHINGTON (Reuters) — The U.S. Treasury Department will Tuesday tap a $50 billion housing rescue fund to pay off mortgage investors and reduce monthly payments for millions of borrowers, said a senior administration official. Mortgage servicers that own a small [...]

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Low prices boost valley home sales.

Foreclosure sales drive valley’s third quarter Coachella Valley home sales during the third quarter of 2008 jumped 51.5 percent compared to 2007, driven predominately by buyers nabbing foreclosures and other distressed properties that have been sharply discounted. The rise in sales is a dramatic turnaround from 2007, when third-quarter housing sales were down 23.3 percent from the [...]

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Palm Springs Real Estate

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Desert Estates Network Members Honored For Corporate Achievements Several members of The Desert Estates Network, a consortium of high-profile, top- producing REALTORS and brokers of high-end estate properties in the Coachella Valley for 19 years, have been honored for professional achievements in the real estate industry. Brenda Rudman of Prudential California, a founding member of The Desert [...]

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