Corona California Homes and More!

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 ...

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 ...

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 ...

So we had the joy of sitting with a really great couple over the weekend. This husband and wife were reviewing an offer that came in over the weekend on the home we are selling for them. We got to the part about the buyers loan, and they were really surprised how easy it was for this first time home buyer to finance their home. The buyer is ...

Freddie Mac says housing sales are near bottom Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing sales are nearing a bottom, with foreclosures accounting for a third of all sales.  But you knew there's a "but" coming, right?  Yup...Nothaft added that unemployment and house price declines will ...

Phelan, San Bernardino County  -  Announcing a price reduction on 10535 Shasta Road, a 2,720 sq. ft., 3 bath, 3 bdrm single story. Now MLS® $199,900 - Big Home 5 Acres. Property information

[photo:listing:2264056] • 1,440 sq. ft., 2 bath, 2 bdrm single story - MLS® $50,000 - Priced to Sell Fast! Villa Corona, Corona  -  Beautiful home in a beautiful family park! This well kept home has 2 roomy bedrooms, 2 full baths, and an open floor plan. There is a big covered front porch, the perfect spot to relax and ...

La Sierra, Riverside  -  Announcing a price reduction on 10478 Pendleton Street, a 1,665 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $175,000 - Huge Price Reduction!. Property information

Did you know that a law was just passed that would help many home owners avoid foreclosure? Called the Housing and Economic Recovery Act of 2008, this is one of the boldest and broadest pieces of legislation related to the real estate market since the great depression. As part of this law, the government will give you a tax ...

Interest Rates are Great 30 Year Fixed  5.81% 15 Year Fixed  5.36% 5/1 Arm          5.59% 30 Year Fixed Jumbo  7.14% 5/1 Jumbo Arm 6.31% Thank You to Bankrate.com for providing the rates! Rates are subject to change and are based on several scoring factors including buyers' ...