Archive for April, 2008

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What Is An REO?

Wednesday, April 9th, 2008

“What’s the difference between a repo, an REO, a bank-owned home, and a foreclosure?”
***ANSWER:
A “repo” (repossession), REO (real estate owned by a bank), and a bank-owned home are all the same thing.
The term “foreclosure: could refer to any of the 3 stages of foreclosure:
1. When the owner is behind on payments and a Notice of […]

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Propositoins 60 & 90

Saturday, April 5th, 2008

“Can you tell me about Propositions 60 and 90 and how I can keep my low tax base if I sell my home and buy another one?”
***ANSWER:
Prop 60:
If you qualify, indeed you can sell your San Diego County home and move your current low property tax base to your newly purchased San Diego County home.
Rules:
1. […]

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