Buyers

2373 N. Lugo AV, San Bernardino 92404

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...

Homestead Declaration

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...

Buying A House One Year After Foreclosure

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...

Water Damage: Causes and Prevention

Water damage can result from many different causes: storms, flooding, broken water pipes and lines, leaking washing machines, and more. This can lead to mold and odor problems, and worse. If left unmitigated, water damage can eventually cause structural damage, which can entail significant costs to repair and can even affect a home's value. Prevention is the first defense against water damage. Here are...

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