San Diego real estate blog - Peter Toner

To all of our clients, family and friends we would like to wish you a very happy and safe Fourth of July weekend!
~The Peter Toner Team

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This Saturday, July 5th Surfrider will be meeting to do their annual clean up of San Diego’s beaches  after the July 4th holiday. This year they are teaming up with Sun Diego Boardshops coordinating the cleanup of 6 beach areas in San Diego. The six beach locations are Ocean Beach Pier, Belmont Park in Mission [...]

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A Mello-Roos Community Facilities District (CFD) is formed. Mello-Roos is a method of financing government entities (cities, counties, school districts and other special districts) to fund the cost of public improvements. Before Government entities can form a CFD, they must either obtain permission from area landowners or hold an election of registered voters within the [...]

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Would you believe it? In some areas of the nation, it is the city that is the one stepping up to the plate to assist areas hardest hit by the mortgage meltdown. Seems a bit far fetched, but according to many recent reports it is quite true.
While the federal government is dragging their feet trying [...]

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Summer in San Diego is officially here! It’s that time of year again when the kids are out of school, vacations are in full swing and its time to relax and enjoy the fabulous fun that San Diego County has to offer!
With that being said the first of this summer’s holidays is just around the [...]

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Looking to purchase a Foreclosure property? The Bush Administration’s latest announcement just made it easier. For the next year, FHA will be allowed to insure mortgages to purchase foreclosure properties that have been in the seller’s possession for less than 90 days.
Previously, FHA was not able to insure such homes with the intention of [...]

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If you were watching the enthralling ending to this years US Open tournament and wished you were living here in one of the worlds best climates, let us know! Please post your comments and share your thoughts …

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In San Diego we have all come to the reality that a large majority of our market is “distressed” – in the status of Short Sale, Notice of Default or Foreclosure. It is clear from the sales stats that the main areas being affected by the mortgage crisis are those in the outer communities of [...]

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The Peter Toner Team is looking for the missing piece to our team… and we’re hoping its YOU!
Are you a highly motivated, internet savvy agent, equipped with your own laptop computer and smart phone? Have you wanted to make a change for the better but don’t know where to start? Do you have a positive [...]

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A recent study completed by the economic data research company Global Insight Inc. found some very interesting statistics in regards to San Diego Home Values as well as a few other large metropolitan areas. The chart is below, and as you can see the results show that San Diego home values were found to be [...]

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With all the stipulations to Fannie Mae and Freddie Mac loans, many are now feeling frustrated with the loan approval process. There is one type of loan that often gets underestimated and it’s the good ol’ VA loan.
If you are active or retired military, or have served with the National Guard or Reserves don’t [...]

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Data Quick Reports for April 2008 show an increase in sales by 22% in Southern California compared to home sales in March of 2008. Last March sales for new and resale homes as well as condos totaled 12,808, this April those same sales hit a total of 15,615… that’s where the 22% comes in. The [...]

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The rumor is true. Fannie Mae has done away with their previous high          down-payment requirements for distressed markets. They are now          accepting down-payments from 3-5% for all loans that it guarantees for homes in areas of declining value! Fannie Mae hopes that in changing their down-payment policy it will in turn encourage those buyers who [...]

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Just as you are probably saying right now we too said, “What?” Could it be that the media has finally decided to portray the housing industry in a positive light?? Well now let’s not get ahead of ourselves…notice the key words “Start Your Engines,” as you can see there is no advice to start a road [...]

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A recent article online at RISMedia provided some very valuable information regarding recent guideline changes for Fannie Mae loans… We have posted the full article below for your review. The fourth change will come as “good” news to those considering purchasing a home in San Diego. If you have any questions on the material feel [...]

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