If your credit score is not high enough to qualify to purchase a home at this time, please follow these tips to improve your score over the next few...
Buyers
VA has revised their loan limits for 2014. San Bernardino and Riverside County remain at a maximum loan amount of $417,000. Los Angeles and Orange County are at a maximum loan amount of $687,500. All other high loan amount counties are listed on the list below. Any county not listed below is at the standard maximum loan amount of $417,000. Please note that loan amounts above these limits are...
Last week I attended a seminar taught by an attorney who is also a CPA. I would like to share with you some important information he shared regarding the best way to hold title on your home. I want every one of my clients to be aware of the benefits and implications of the type of title you are holding on your property. The title to your home or a rental property is a very different type of...
HUD Home. 048-457227. Bidders open to Owner Occupants, Nonprofits, and Government Agencies only. Property Available 02-13-14. Bids due 02-22-14 by 11:59:59 PM CT. State law requires Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this...
What price home are you looking for? You can definitely find it in California. See the stats...
What is a Homestead and What Does it Do? In California, a homestead gives protection against involuntary claims against an owner’s home. If a money judgment is rendered against you in court, the person who won the judgment against you may try to collect the monetary damages by garnishing your wages, bank accounts, or having your automobile or home sold to pay off that judgment. The homestead law...
FHA is now allowing potential borrower’s to qualify for a FHA loan as soon as 12 months after a foreclosure, short-sale, or bankruptcy. But this is only for borrowers where the derogatory credit was caused by an Economic Event, which is defined by HUD as job loss, or a 20% or greater reduction of income, for a period of at least 6 months. This reduction of income must have been the cause of the...