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 ...

Calif. median home price - June 09: $274,740 (Source: C.A.R.) Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent ...

Calimesa  -  The single story at 388 Smokeridge Trail has been sold. This was a short sale and we were able to get top dollar for it in record time. The bank agreed with us that the seller had a true hardship and the bank has forgiven the balance of the home loan!If you are underwater on your home, please consider a short sale. We'd ...

Riverside, San Bernardino  -  The 2 story at 3803 Clarkson Street has been sold. This was a short sale that the family owed over $400,000 and we were able to sell it for $189,000. AND the bank agreed with us, and told the seller they did not have to repay the difference! AND the bank paid all the fees associated with the sale, so it ...

Calif. median home price - May 09: $267,570 (Source: C.A.R.) Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast $875,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region May 09: High Desert $106,210 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: ...

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 ...

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 ...

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 ...

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 ...