WOW...WHAT A VIEW...EXPANSIVE UNOBSTUCTABLE NORTH SHORE OCEAN VIEWS FROM MOST ROOMS OF THIS REMODELED 4 BEDROOM/3BATHROOM HOME PRICED TO SELL OFFERING HIGH CEILINGS, MULTIPLE DECKS AND PATIOS, FIREPLACE, WINE CELLAR, GRANITE COUNTERS AND JACUZZI TUB. PROPERTY SOLD "AS IS". PRICE REFLECTS THE CONDITION OF HOME, CALL FOR ENGINEERS REPORT REGARDING SETTELMENT OF SOIL.
AMAZING BUY AS IS!
OFFERED AT: $845,000
Loan limits at stake NAR recently issued a Call For Action urging REALTORS® to contact Congress and clearly communicate that Congress needs to prevent loan limits from expiring on Sept. 30.
Unless Congress acts, the current loan limits will expire on Sept. 30 and the cost of a mortgage could rise significantly. More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by C.A.R.
Despite the Obama administration claiming it will support a one-year extension of the current loan limits, Bank of America has already lowered their loan limits for new loans, and others will follow suit.
Please contact Congress today and communicate clearly that a housing recovery depends on keeping mortgages affordable and that Congress needs to prevent these higher loan limits from taking effect.