Government Fighting Back Against Strategic Defaults - http://dixonteamoc.com

Ken Dixon of Dixon Team OC is at it again. Today he's focused on what are known as "Strategic Defaults." A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments. The federal government has been noticing trends in strategic defaults resulting in that same borrower purchasing another home with the government approved FHA loan program. The government is now taking steps to make FHA loans unavailable to strategic default borrowers. For more information on strategic defaults, Huntington Beach homes for sale, selling investment property, Orange County real estate or other real estate related information in Southern California go to http://dixonteamoc.com

Category:

People & Blogs

Tags:

• Ken
• Dixon
• Team
• OC
• http://dixonteamoc.com
• Huntington
• Beach
• homes
• for
• sale
• Orange
• County
• real
• estate
• Southern
• California
• agent
• Re/Max
• Realtor
• remax
• first-time
• homebuyer
• buyer
• homeseller
• seller
• selling
• investment
• property
• REO
• HAFA
• MLS
• HAMP
• NOD
• NTS
• MCC
• NHF
• CDPE
• trustee
• probate
• bankruptcy
• foreclosure
• debt
• forgiveness
• reconveyance
• short
• bank
• owned
• preforeclosure
• auction
• notice
• of
• default
• ocean
• view
• condos
• coastal
• expert
• oceanfront
• specialist
• beachfront
• fixer
• abandoned

[johnTwisted]

Your link is bogus. Is your advice the same?

[eatandtravel]

Ken,

Informative stuff.

Do you think the government or cities will begin to bulldoze the excess inventory? I'm talking about places like Riverside, Inland Empire and High Desert.

I have rental property(Lakewood) and I've noticed an abnormal amount of applicants from thoese areas. The good people are running to safer areas like Orange County.

One last thing, in about six to eight years, there is going to be housing shortage in established areas like Orange County.