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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 Corona Market Update (Weblog) by 278262 on December 8, 2009
  • Open House ~ Executive Home in Mockingbird Canyon, Riverside, on Sunday

    [calendar:2009-11-08 2009-11-08] Riverside County, California  -  We invite everyone to visit our open house at 14957 Old Grove Road on November 8 from 10:00 AM to 1:00 PM. Property information
    Posted to Corona Market Update (Weblog) by 278262 on November 4, 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 Corona 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 Corona Market Update (Weblog) by 278262 on July 5, 2009
  • New 90 Day Foreclosure Rule in California

    Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
    Posted to Corona Market Update (Weblog) by 278262 on June 17, 2009
  • HOMEOWNERS BEWARE: Foreclosure Rescue Scams

    Brought to you by your Realtor®, Liane Thomas, and the California Association of Realtors® With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at ...
    Posted to Corona Market Update (Weblog) by 278262 on June 11, 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 Corona Market Update (Weblog) by 278262 on June 2, 2009
  • Do you qualify for an FHA loan?

    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 ...
    Posted to Corona Market Update (Weblog) by 278262 on April 26, 2009
  • 2 Story For Sale in Central Riverside

    [photo:listing:2275864] • 1,384 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $175,000 Central Riverside, Riverside  -  Beautiful, nearly new KB home in gated community. Light and bright open floor plan with many upgrades. Large kitchen with granite counter tops, upgraded cabinets, tile floor, and stainless steel appliances ...
    Posted to Corona Market Update (Weblog) by 278262 on March 16, 2009
  • What is a Short Sale and do I want one?

    A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market value of the home is $350,000. Long story short, the lender accepts the offer for $350,000 and the home is sold.  That's a short ...
    Posted to Corona Market Update (Weblog) by 278262 on December 26, 2008
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