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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Home Values Are Increasing


Home values are expected to increase up to 3.3% in Orange County, Ca next year. Chapman University conducted a study to determine home values, employment and foreclosures for Orange County, Ca.  It is expected that there will be numerous homes for sale, and there will be many homes that will be foreclosed on.  There will be more foreclosures next year due to a large number  of homeowners loans from 2006 that will be ready to adjust to a higher mortgage payment. Construction employment is already down, and will drop even further this coming year. However, there is some positive news within the housing market in the OC. It is expected that home building is anticipated to boost up to 15.8% next year.  It is also estimated that Orange County will add 23,000 new jobs next year.