America’s service members sacrifice a great deal to keep America safe. That’s one of the reasons they enjoy some special protections against foreclosure and mortgage default through the Servicemembers Civil Relief Act. Someone apparently forgot to tell officials at JP Morgan Chase, the nation’s second-largest mortgage bank. The finance giant overcharged thousands of military members…
Category Archives: News For Homebuyers
The Best Policy on Locking in Interest Rates…
Consider the following three things when deciding whether or not to lock in your mortgage interest rate: Lock in your rate as soon as you know you have a good deal in front of you, and you know roughly when you can close (30 to 60 days should be the longest lock period). Lock it…
Government Mortgages May Get Pricier, Harder to Come By
Government loans, such as those backed by Fannie Mae, Freddie Mac, and the FHA, are slated to get more expensive and harder to qualify for, assuming changes recommended by the Treasury are implemented. The agency released their recommendations for a complete overhaul of the mortgage market today, essentially calling for less attractive government-backed mortgages to…
FHA has raised the monthly mortgage insurance premiums
If you haven’t heard, FHA announced on February 14th that it is raising the annual mortgage insurance premiums, also known as the FHA monthly mortgage insurance. These changes are mentioned in Mortgagee Letter 11-10 and become effective on or after April 18th, 2011. The new change is 25 bps more. I have already heard that some of you…
Newport Beach Real Estate ~ Captivating Single Level Homes
Newport Beach is one of the glamorous cities in South Orange County and sought after by people who can afford homes in this beautiful harbor and ocean-oriented area. Lots of buyers like and are captivated by features of single level homes. Newport Beach has 139 single story homes now listed for sale ~ average list price is $1,405,970 ~…
Short Sale Sellers’ Good News that California SB-458 is Signed Into Law
The CALIFORNIA ASSOCIATION OF REALTORS® sponsored CA Senate Bill 458 and is pleased that Governor Brown signed it into law on July 15, 2011. California SB-458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans….
Dove Canyon Homes at Rancho Santa Margarita CA Real Estate
Dove Canyon at Rancho Santa Margarita CA has some excellent home values for buyers. Dove Canyon home ~ $899,900 ~ overlooking 14th fairway of DC Golf Course ~ 5 bedrooms and 5 baths ~ MLS# S667520 ~ IDX link Dove Canyon is a private residential community located in eastern part of the…
Short Sale Trends at Laguna Beach Real Estate
Laguna Beach is an Orange County and Southern California most spectacular beach and Pacific ocean-oriented community. Laguna Beach now has 27 short sale home listings and average asking price for these properties is $1,542,544. South Laguna Beach home located on the beach ~ short sale listed at $8,495,000 ~ 5 bedrooms and 7 baths ~ MLS# U10002876 ~…
Woodbury Village Homes at Irvine CA Real Estate
Woodbury Village at Irvine CA has been a very popular community for home buying since development by The Irvine Company started in 2006. WOODBURY VILLAGE AT IRVINE has some excellent single family properties now listed for sale and resale. Juliet’s Balcony home at Woodbury Village ~ $1,795,000 ~ 5 bedrooms and 6 baths…
Woodbury Village Homes at Irvine CA Real Estate
Woodbury Village at Irvine CA has been a very popular community for home buying since development by The Irvine Company started in 2006. WOODBURY VILLAGE AT IRVINE has some excellent single family properties now listed for sale and resale. Juliet’s Balcony home at Woodbury Village ~ $1,795,000 ~ 5 bedrooms and 6 baths…