buyers: CA Home Buyer's Loan Options in 2011
- 05/17/11 08:42 AM
2011 is the year of CHEAP MONEY! With interest rates so low it is a great time to buy a home, or refinance a current loan. Recently, I held a Home Buyer's Seminar where Mr. Jeff Parks, Bank of America Loan Officer, spoke about current financing options. Watch his video about Types of Loan Programs: GOVERNMENT LOANS: -FHA -203 K "rehab" loans for homes that won't qualify for financing or upgrades financed -VA -Fixed Period "Hybrid" Arm -15 and 30 Year Fixed -GIFT FUNDS can be used -LOW DOWN PAYMENT 3.5%/NO DOWN PAYMENT -NON OCCUPYING CO-BORROWERS Current Maximum Loan $729,750 CONVENTIONAL … (0 comments)
buyers: A Tale of Three Short Sales
- 02/25/11 01:41 AM
As Forest Gump says: [Short-Sales are] like a box of chocolates. You never know what you are going to get.
This past month I had the pleasure (and fortitude) to close three very different Short-Sales in Southern California. No two are ever exactly alike. I refer to them as "fluid" financial transactions. They can drip, flow, gush, or dry up.
Short-Sale #1 Anaheim Hills - Representing the Seller. My client bought at the height of the market and was ready to get out. We put it on the MLS in May 1, 2010 and closed January 28, 2011. … (1 comments)
buyers: Investing in Orange County Real Estate is NOT for Everyone
- 09/25/09 11:06 AM
Lately I have had several people mention they are considering investing in real estate here in Orange County, CA. People want to live in Orange County, that is an undeniable fact, however investing in our Wild Wild West housing market is not for the feint of heart. Getting a "deal" has increasingly become a challenge due to huge demand for homes/condos priced under $600,000. Cash is king, so if you can swing an all cash offer, you are golden. Banks will often take a low cash offer that can close quickly for their REO over a financed market value offer. There are a lot of people … (3 comments)
buyers: The REAL Tweeps of Orange County!
- 09/23/09 03:58 AM
The REAL Tweeps of Orange County! Despite our undeserved reputation induced by staged "reality" shows, Orange County is chock full of REAL people who freely give of their time, money, and knowledge. In the last few weeks I have had the privilege of getting to know some awesome Orange County Social Media Rock-stars. They may not be gifted musicians, but they are gifted with words and community. Just Spotted, an Orange County website, hosted the OC Blog Awards at Wowzville in August. Much to my surprise, I was privileged to be nominated for a Micro-Blogging award (Twitter). The place was packed … (2 comments)
buyers: Adieu, My Sweet $8,000 Tax Credit!
- 07/21/09 05:33 PM
Ah, my dear Federal Tax Credit, parting will be such painful sorrow. You have seduced my First Time Home Buyers with your irresistible offer of $8,000. They have been lined up waiting to catch a glimpse of your promising reward, but now they may not make it past the front door before you say goodbye on December 1. Before seeking you out they made sure their maximum AGI of $95,000 single and $170,000 jointly met your requirements. For their patience and bravado you offered them up to 10% of their new homes purchase price not to exceed $8,000. They swore allegiance that they would maintain primary residence and keep it for three … (2 comments)
buyers: What is Real Estate Truth?
- 07/14/09 04:49 PM
On Facebook awhile back I asked for suggestions about what people want to know regarding Real Estate. The most emphatic reply was: "THE TRUTH!" Well, here it is: "I DON'T KNOW!" •· I don't know when the banks are going to release all the foreclosed homes they are holding. •· I don't know when the market is going to bottom out. •· I don't know what interest rates are going to be. •· I don't know how many offers there will be on the Bank Owned home you really want, or if they will select yours. •· I don't know if the short-sale will … (0 comments)
buyers: East Orange, CA: A Place to Call Home
- 06/23/09 06:21 PM
When visitors discover my lovely neighborhood in the hills of Orange I almost always hear: "Wow, I never knew!" Flanked by prestigious Lemon Heights, Cowan Hills, Tustin Ranch, and Orange Park Acres, East Orange is a surprising gem and an excellent value. It was built from 1986 and 1992 and looks much like bordering Tustin Ranch, but with a more spacious and park like atmosphere. Climbing up the hill headed East on Chapman Blvd., Orange Hill Restaurant stands guard over East Orange. Just below the crest is Orange Park Acres with its abundant flora and fauna, dirt horse trails, and winding trails connecting nearby Santiago Hills. The community is rich in education and recreation. … (2 comments)
buyers: You CAN Buy Your First Home With VERY LITTLE Money Down!
- 06/02/09 02:09 AM
You CAN Buy Your First Home With VERY LITTLE Money Down. Hot Off the Presses: US Housing and Urban Development Secretary, Shaun Donavan, Announces That Home Buyers with FHA Insured Home Purchases Can Apply $8,000 Tax Credit Toward Down Payment and/or Closing Costs! All those first time home buyers who are having trouble coming up with the 3.5% required down payment + closing costs for a Federal Housing Administration insured loan have been offered a hand. They can now use their American Recovery and Reinvestment Act of 2009 tax credit of up to $8,000 for the purchase of their first home if they meet … (0 comments)
buyers: The Wild Wild West Real Estate Market: Don't Forget your Posse!
- 02/05/09 05:06 AM
Few rules, shady characters, and the survival of the fittest characterized the Wild Wild West in the 1800's. You needed a Posse you could trust to help you make it back alive. The same holds true in our current Real Estate market. I have the perfect real life example to illustrate my point. A smoking hot deal popped out of the MLS in Anaheim, CA. It was THE one for my client. Of course, it was a bank owned property and it happened to be priced WAY below market. Of course, I suspected that the listing office was shooting for the E-Bay effect: A bidding … (0 comments)
2011 is the year of CHEAP MONEY! With interest rates so low it is a great time to buy a home, or refinance a current loan. Recently, I held a Home Buyer's Seminar where Mr. Jeff Parks, Bank of America Loan Officer, spoke about current financing options. Watch his video about Types of Loan Programs: 
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