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  • Avoid Foreclosure with Help for Homeowners from Fannie Mae!

    Fannie Mae has just launched a website for for homeowners who are having trouble paying their mortgage. The website, www.KnowYourOptions.com, is designed to to provide information on refinancing, repayment plans, forbearance, modifications, and Fannie Mae’s Deed-for-Lease program. Those homeowners who recognize that they can no longer ...
    Posted to Corona Market Update (Weblog) by 278262 on August 8, 2010
  • Short Sale Process Will Get Easier for Corona Homeowners!

    After over 2 years of short sale mayhem, The Obama Administration is trying to speed up the process with its Home Affordable Foreclosure Alternatives Program (HAFA). This program offers financial incentives to lenders, servicers, and even borrowers to utilize a short sale to avoid a foreclosure sale. A short sale is when the lender agrees ...
    Posted to Corona Market Update (Weblog) by 278262 on December 20, 2009
  • 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
  • Avoid Foreclosure

    Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
    Posted to Corona Market Update (Weblog) by 278262 on July 26, 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
  • 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