buyers: Beyond The Headlines - 03/24/11 10:46 PM
Orange County RegisterDistressed home sales rising Pending home sales rose in February, as did the share of distressed properties sold, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported this week.MAKING SENSE OF THE STORY• Pending home sales in California increased in February, according to C.A.R.’s Pending Home Sales Index (PHSI)*. … (0 comments)
|
buyers: Beyond The Headlines - 03/18/11 12:45 PM
Pasadena Star NewsHome prices drop in FebruaryFollowing three months of sales gains, California home sales posted a weaker-than-expected performance and declined in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price of an existing, single-family detached home sold in California also declined in … (0 comments)
|
buyers: Beyond The Headlines - 03/06/11 09:34 PM
The Wall Street JournalFive signs that say “buy”Home buyers sitting on the fence wondering if now is the right time to buy should consider five factors when making this decision: Jobs, recent sales activity, construction, mortgage availability, and anecdotal evidence. Each of these issues can help consumers make the … (6 comments)
|
buyers: Beyond The Headlines - 02/20/11 07:18 PM
The Wall Street JournalBanks push home buyers to put down more cashMany economists and housing analysts blame lax lending standards – including no-down payment, no-document loans – for contributing to the challenges in the current real estate cycle. As a result, most lending institutions have increased minimum down payment … (2 comments)
|
buyers: Beyond The Healines - 02/12/11 01:21 AM
New York TimesOnline mortgage shopping made easier The vast amount of information available online about mortgages – such as interest rates, loan benchmarks, prepayment penalties, and the like – can cause home buyers to feel confused and overwhelmed when shopping for a mortgage. Most surprisingly, a recent survey found … (2 comments)
|
buyers: Beyond The Headlines - 02/06/11 02:16 PM
USA TodayFees for home mortgages increase For the first time since 2009, Fannie Mae and Freddie Mac are raising risk fees charged to lenders on loans they buy for resale to investors. Fannie and Freddie also are adding risk fees to more loans offered to borrowers with exemplary credit. … (0 comments)
|
buyers: Beyond The Headlines - 01/21/11 12:16 PM
Smart MoneyReal Estate: Finally a good investment?The housing market still looks pretty bleak: There were a record 1 million foreclosures last year, home prices are still falling in many regions, and the number of "underwater" properties is at a record high.And things don't look much better in other areas of … (0 comments)
|
buyers: Beyond The Headlines - 01/15/11 12:17 PM
The New York TimesA little-known strategy for cutting mortgage payments Homeowners looking to lower their monthly mortgage payments and reduce their interest rate may be able to do so without refinancing. A little-known strategy called recasting or re-amortization is available through some mortgage lenders and servicers, and eliminates the … (0 comments)
|
buyers: Beyond The Headlines - 01/15/11 12:01 PM
Los Angeles TimesWhen will housing come back in California? Five experts offer their views Although the steep decline of home prices in California ended in spring 2009, the weakness in the housing market after the expiration of federal tax credits for home buyers last year has led to some … (1 comments)
|
buyers: Beyond The Headlines - 01/07/11 08:10 AM
Sacramento BeeNovember home sales rose in state, Sacramento California home sales rose in November compared with October, but were down from the previous year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price declined from both the previous month and previous year.KEEP THIS IN MIND• … (0 comments)
|
buyers: Beyond The Headlines - 01/07/11 07:56 AM
Los Angeles TimesHome-buying paralysis? Tips for getting the best deal fasterThe inventory of homes for sale has increased in recent months, causing some buyers to hesitate before making an offer on a home for fear a better home at a more favorable price will become available.KEEP THIS IN MIND• Although … (0 comments)
|
buyers: Beyond The Headlines - 01/07/11 05:59 AM
The New York Times
When borrowers default on second homes Strategic defaulting – where the homeowner has the ability to pay the mortgage, but chooses to stop making payments – among affluent homeowners with second homes and investment properties is increasing.
KEEP THIS IN MIND
• Homeowners who strategically default … (2 comments)
|
buyers: Why Did Your Parents buy Their Home? - 12/08/10 10:43 PM
We in an interesting time in Real Estate. Every decision we make about our housing options seems to be tied to money. Articles are written explaining that prices will still drop and therefore buying a home makes no sense. Some people have judged whether living in their home over … (8 comments)
|
buyers: Beyond The Headlines - 12/06/10 03:29 PM
The Wall Street JournalDeficit plan wins backers
In February, the White House created the National Commission on Fiscal Responsibility and Reform to examine how the country spends money and collects taxes. The commission also was tasked with creating a proposal that would cut the federal budget deficit.
KEEP THIS IN … (0 comments)
|
buyers: Beyond The Headlines - 11/19/10 09:48 AM
Los Angeles TimesRefinancing now could be better than waiting for mortgage rates to drop furtherMortgage rates on 30-year, fixed rate loans are hovering near the lowest level on record since 1951. While some home buyers are putting their home purchases on hold hoping rates will go even lower, many … (2 comments)
|
buyers: Beyond The Headlines - 11/14/10 02:40 PM
The Wall Street JournalThe jumbo-mortgage comebackSmaller and regional lenders are issuing more new jumbo loans and doing more refinancings, which could help bolster home sales in some areas.
KEEP THIS IN MIND
• Jumbo mortgages are mortgages deemed "too big" to be sold by lenders to government-supported agencies such … (4 comments)
|
buyers: What are Short Sales ? - 11/04/10 12:12 PM
Knowing the Short Sale Process.Homeowners do have options listing their property for sale when it is realized that their situation cannot be rectified. Reasons might be lose of a Job, divorce, sickness or a death of a spouse or family member. If a loan modification was unsuccessful your next step to … (0 comments)
|
buyers: Beyond The Headlines - 10/21/10 10:23 PM
The New York Times
A little-known loan program for fixer-uppersHome buyers thinking of purchasing a distressed property in need of repair, but who are concerned that the cost of the repairs could drain their savings account may qualify for the Federal Housing Administration's (FHA) 203(k) rehabilitation program.
KEEP THIS … (4 comments)
|
buyers: Beyond The Headlines - 10/15/10 02:28 PM
Los Angeles TimesCalifornia to join multistate inquiry of foreclosures by banksIn late September and early October several major lending institutions began voluntarily halting foreclosures in select states while they reviewed their foreclosure processes. This action is in response to findings that questioned whether some lenders/servicers were following the correct … (2 comments)
|
buyers: Win Win When a Buyer Buys a Fannie Mae Owned Property - 10/13/10 03:30 PM
Its a win win when a buyer buys a Fannie Mae owned property:Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price, which can be used toward closing cost assistance, including a home warranty, if desired and available. Eligible offers must be submitted on … (2 comments)
|
;)
;)
;)
