As a borrower you can ask the seller to pay some of the cost associated with your FHA loan. Below is the short list FHA defines as closing costs that are allowable charges to the borrower. These costs and amounts are believe to be usual and sensible are set by the local FHA office.
Other costs in general are not allowed and are typically paid by the seller when buying a new/resale home. These can be paid by the lender when refinancing your existing FHA loan.
•Deposit verification fees
•Cost of title insurance and title examination
•Property survey
•Credit reports (actual costs)
•Transfer stamps, recording fees, and taxes
•Lender's origination fee
•The appraisal fee and any inspection fees
•Lender's origination fee
•Document preparation (by a third party)
•Home inspection fees up to $200
There could be others you should ask your lender.
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale
What Should You Do If You Learn that a Forged and/or Fraudulent Deed Has Been Recorded Against Your Real Property? CONSUMER ALERT
A short sale is an effective alternative to foreclosures when keeping you home is no longer an option. The bank wins something too, the homes remains occupied and helps to maintain stable communities, according to the Federal Housing Finance Agency (FHFA). And with the new Short Sales Timeline Requirements put out by Freddie & Fannie should be your first choice.
Monthend Numbers | |||||||||||||
Mar | Feb | Jan '12 | Dec | Nov | Oct | Sep | Aug | July | June | May | Apr | Mar | |
Listed | 520 | 561 | 601 | 599 | 732 | 797 | 813 | 679 | 631 | 646 | 620 | 561 | 690 |
Pending | 535 | 495 | 581 | 522 | 572 | 568 | 585 | 542 | 468 | 502 | 518 | 487 | 504 |
Sold | 388 | 308 | 416 | 476 | 467 | 557 | 545 | 413 | 369 | 392 | 374 | 384 | 389 |
% CHG Month over Month | |||||||||||||
Listed | -7.9% | -7.1% | 0.3% | -22.2% | -8.9% | -2.0% | 16.5% | 7.1% | -2.4% | 4.0% | 9.5% | -23.0% | |
Pending | 7.5% | -17.4% | 10.2% | -9.6% | 0.7% | -3.0% | 7.4% | 13.7% | -7.3% | -3.2% | 6.0% | -3.5% | |
Sold | 20.6% | -35.1% | -14.4% | 1.9% | -19.3% | 2.2% | 24.2% | 10.7% | -6.2% | 4.6% | -2.7% | -1.3% | |
% CHG Current Month over Same Month Last Year | |||||||||||||
Listed | -32.7% | 21.0% | 8.5% | 7.3% | 20.9% | 32.1% | 21.0% | -1.9% | -7.0% | -2.0% | -0.6% | -27.6% | -6.1% |
Pending | 5.8% | 16.4% | 32.5% | 23.0% | 27.3% | 32.7% | 9.4% | 8.3% | -1.5% | -15.3% | 5.4% | -43.3% | -34.3% |
Sold | -0.3% | 2.9% | 28.6% | 11.3% | 25.5% | 38.8% | 10.8% | 9.0% | -11.7% | -19.6% | -11.5% | 14.8% | -31.6% |
Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas. Homes For Sale
Month to Date and Projected Opened Escrows* | |||
Total Active | 1,080 | ||
Total Active Core Area | 757 | ||
Total Active REO's | 125 | ||
Total Short Sale | 243 | ||
Pending MTD/Projected | 396 | 457 | |
Sold MTD/Projected | 288 | 332 | |
Percent Sold Over List Price | 49.46% | ||
Sold Last Month / % of Difference | 388 | -14.35% | |
Last Year Month / % of Difference | 384 | -13.46% | |
Active Listing Mix (Core) | |||
REO % of TTL | 16.51% | ||
Short Sale % of TTL | 32.10% | ||
REO+SS % of TTL | 48.61% | ||
Traditional Sale % of TTL | 51.39% |
Absorption Rate*
Current Month 2.1 Months
At Last Months Rate 2.4 Months
Historical High Active Listing - 5300+ Mid 2007 - Within the last 3 years our Low Active Listing were under 700 in Nov '09
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/. Or Keller Williams Realty AV
Janet O'Brian is a Certified Short Sales Specialist by the National Association of Realtors® (SFR) and is ready to help you with your situation Short sale Help. She can Stop Foreclosures Now!
(Quick Mapping Links for Core Areas)
Palmdale
Lancaster
Ana
Verde
Ritter
Ranch
Quartz
Hill
Leona
Valley
Lake
Hughes
Lake
Elizabeth
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
Keller Williams Realty AV Ranked #1 in the Antelope Valley 661.733.0508 to list your home.
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