Reuters - With the $500 of monthly savings Jim Hennessy of San Diego gained by cutting the rate on his $417,000 mortgage, he plans to rebuild his beaten-up retirement account and maybe even take a cruise.

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AP - A California congresswoman whose house temporarily went into foreclosure has paid up the delinquent home loans, she said Friday.

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AP - Californians rave about year-round sunshine, temperate climate and easy access to surfing, snowboarding and everything in between. But when it comes to getting the most out of their homebuying dollar, they’ve got nothing on homeowners in the Midwest, a new study suggests.
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SAN DIEGO (Reuters) - As though Southern California’s fine weather and beaches weren’t attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.
In a market beset with foreclosures and plummeting sales following the mortgage meltdown in 2007, Michael Crews Development will give away a row home […]

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Foreclosures have flooded North County’s housing market, and indicators show that the waters will be rising, not receding through the rest of the year.
Just as April’s sales data was the best in months and provided some encouragement for real estate agents, the month’s huge foreclosure numbers offered more ammunition to housing market bears who see […]

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WASHINGTON - California Rep. Laura Richardson claimed Friday that her Sacramento, Calif., home was sold into foreclosure without her knowledge and contrary to an agreement with her lender.
She said she is like any other American suffering in the mortgage crisis and wants to testify to Congress about her experience as lawmakers craft a foreclosure-prevention bill.
In […]

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LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to […]

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BusinessWeek Online - Beverly Hills Realtor Sally Forster Jones is trying to win over a new client by cutting right to the most important point of the sale — the price. “The house is worth two-ish,” Jones says, meaning $2 million. Jones explains that the client could list the home for $2.29 million, but then […]

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