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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Historic District, Corona - The single story at 227 E Francis has been sold. This house was sold at 100% of asking price, and we can help you sell yours too! Call 951 454-3805 for a no obligation consultation. Short sales welcome!
Property information
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Sierra del Oro, Corona - Announcing a price reduction on 3621 Foxplain Road, a 1,994 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $444,900 - Just Reduced! Visit open house Saturday March 15 from 10am-4pm. Owner says "Bring all Offers".
Property information
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[calendar:2008-02-24 2008-02-24] Sierra del Oro, Corona - We invite everyone to visit our open house at 3621 Foxplain Road on February 24 from 12:30 PM to 4:00 PM. Priced like a repo, only better! This beautiful home is flawless, clean, and comes with a one year home warranty! Please stop by and say "hi". We'd love to ...
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