3 Reasons Sellers Shouldn't Fear Disclosures There is no reason for sellers to stress about accurately and completely filling out disclosure statements. To disclose or not to disclose — that is the question. Actually, that isn’t the question. There should be no question in a seller’s mind whether to disclose an item or not. The short answer: If you’re aware of an issue, disclose it. But...

The City of Chino, through its CalHome program, offers up to $60,000 for each eligible household to be used towards down payment for the purchase of a home within the City of Chino. It is intended for lower income home buyers who can afford monthly mortgage payments but do not have enough to pay the initial home purchase down payment and non-reoccurring closing costs.  The goal of the program is to...

FHA Mortgage Insurance Reduced Effective January 26, 2015, the FHA Annual Mortgage Insurance Premium will be reduced by .5% for new loans.  I am so excited that buyers will have lower monthly payments or be able to qualify for a higher sales price.  Below are some examples showing both rates so you can see the savings available to...

Job gains accelerated in the second half of 2014.  The latest monthly data showed 252,000 net new payroll job additions in December.  Over the last 12 months, that total net of new jobs comes to a cool 3 million.  The pool of potential homebuyers and the need for commercial building spaces are therefore expanding. From the low point of 2009, more than 10 million jobs have been created.  Recall,...

Nearly every factor generally associated with home sales has been turning for the better. We have more jobs, growing population, rising rents, additional inventory choices, record-high household net worth, and exceptionally low mortgage rates. On top of these trends, there is accumulating pent-up housing demand from people who underwent distressed property sales several years ago. The penalty period has...

The Millennials The Millennial generation are those who were born in the early 1980s through early 2000s.  A most recent survey by California Association of Realtors shows that this generation has expectations of their real estate agent as...

BORROWER ELIGIBILITY Effective 8/16/14, Fannie Mae changed the waiting periods for a borrower to be eligible for a new loan following a derogatory credit event, such as a foreclosure, bankruptcy, short sale.  Based on the type of loan, the waiting periods are as...

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