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  • It Is Getting Harder to Buy a House

    FHA to toughen rules for borrowers The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
    Posted to Market Update (Weblog) by 278262 on December 8, 2009
  • Save $3500 Off A New Car. Cash for Clunkers!

    If you have an old car and you're thinking about upgrading to a new vehicle, you'll definitely want to look into the Government's new Consumer Assistance to Recycle and Save (CARS) Act of 2009...as you might be able to get some cash for that clunker! The CARS Act-also knows as "Cash for Clunkers" was passed by Congress late ...
    Posted to Market Update (Weblog) by 278262 on July 20, 2009
  • Changes in Home Loans May Affect You

    Starting July 30, 2009, if the APR on an initial Good Faith Estimate is no longer accurate (within a 0.125% range) at close of escrow, a lender must generally provide a residential borrower with a new disclosure and a three-day right to rescind before consummating the loan. REALTORS(R) are forewarned that, because of this new three-day waiting ...
    Posted to Market Update (Weblog) by 278262 on July 17, 2009
  • Do YOU Want $8000?

    Would You Like $8,000? Buy a Home. Soon! To stimulate the economy, Washington juiced up the stimulus plan passed last year in February. Two benefits for FTHBs (First Time Home Buyers) were that the amount of the tax credit was increased from up to $7,500 to $8,000. And, more importantly, the amount of the credit does not have to be ...
    Posted to Market Update (Weblog) by 278262 on July 14, 2009
  • CNN Says Housing Market may be Stabilizing!

    CNN is searching for a bottom in the housing market With consumer confidence rising in May to its highest level in eight months, housing starts increasing more than 17 percent in May compared with the previous month, and sales of existing homes climbing 2.9 percent in April nationwide, it appears that the housing market may be stabilizing. So ...
    Posted to Market Update (Weblog) by 278262 on July 5, 2009
  • Price Reduced on 12843 Prairie Circle in Eastvale, Corona

    Eastvale, Corona  -  Announcing a price reduction on 12843 Prairie Circle, a 2,063 sq. ft., 2 bath, 4 bdrm single story "Hard to Find!". Now MLS® $325,000 - Approved Short Sale! Yes, the sale was approved and the buyers have found a different home! Call today to see this beautiful ...
    Posted to Market Update (Weblog) by 278262 on June 11, 2009
  • Local REALTOR(R) Earns Prestigious Designation to Help Homeowners In Danger of Foreclosure

    Liane Thomas of The Thomas Group, Keller Williams Realty in Corona Ca. has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the ...
    Posted to Market Update (Weblog) by 278262 on June 9, 2009
  • Banks Accepting More Short Sales!

    Did you know the Obama administration, through the Making Home Affordable program, is giving lenders and loan providers an incentive of up to $1,000 for each completed short sale? This is in addition to $1,000 to share the cost of paying any second-mortgage lenders to release their claim on the property. These incentives offered by the ...
    Posted to Market Update (Weblog) by 278262 on June 5, 2009
  • Yard Sale Tips ~ Make This Your Best Yard Sale Ever!

    Not All Yard Sales Are Created Equal Summer is one of the most popular seasons for holding a yard sale. But simply holding a yard sale doesn't necessarily mean you'll end the day with lots of extra money in your pocket. If you're planning on clearing out your clutter this summer, here are ten tips to help make your yard sale a ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
  • Home Sales Jump ~ April 2009

    Pending US Home Sales Surge Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived.  The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
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