Category Archives: Real Estate News

A “Normal” Market…Hooray

All signs point to a return of what Fountain Valley Real Estate Agents refer to as a “normal” market. What does that mean? Basically, homes are taking a little longer to sell, and the craze of investor fueled multiple offers is no longer. This is actually good, because when prices spike up quickly, they tend…

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Don’t Let Time Run Out!

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The Mortgage Forgiveness Debt Relief Act was passed by Congress in 2007 in an attempt to provide some relief for the millions of homeowners who found themselves owing more on their mortgage than the property was worth as a result of the collapse of the housing and finance industries. This report was created to give…

Also posted in CDPE, Foreclosure, Sellers | Comments closed

3-year foreclosure-waiting period waived

FHA has waived its 3-year foreclosure-waiting period. Mortgagee Letter 2013-26 Released August 15, 2013. The FHA Back To Work – Extenuating Circumstances program ends September 30, 2016. Effective for FHA Case Numbers assigned on, or after, August 15, 2013, borrowers with a recent history of bankruptcy, foreclosure, judgment, short sale, loan modification or deed-in-lieu can apply and…

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Why did most Californians purchase their home in 2013?

Also posted in Sellers | Comments closed

9 common mistakes made while qualifying for a loan

Nine most common mistakes buyers make to accidentally disqualify their loan before closing escrow. Underwriters have been advising that this is happening quite a lot recently, so here are some tips to prevent this happening on your transaction. http://www.utsandiego.com/news/2013/jul/20/tp-nine-ways-a-buyer-can-accidentally-disqualify/

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