FHA has been working with Congress since the release of the audit showing the agency may need a taxpayer bailout on what changes will be made to stabilize the FHA’s financial position. This week, the FHA issued a letter to… Continue Reading
Amid rising home prices, increasing home sales, and falling delinquencies and foreclosures, more than 1 in 4 consumers (27 percent) feel more positive about homeownership than they did six months ago, compared with 19 percent who report feeling more negative,… Continue Reading
Bank of America recently added information to the agent resources section of its website saying the bank can review a short sale offer while the loan is in an active bankruptcy. To complete a short sale and issue the approval… Continue Reading
During the holidays there are several organizations requesting donations for various causes – many of them legitimate. However, consumers should take precautions and adhere to certain guidelines to stay safe and avoid being scammed. Consumers should be cautious of individuals… Continue Reading
Los Angeles Times Luxury-home flipping is heating up in affluent neighborhoods as well-heeled builders and investors seek better returns than they get on other investments. Read the full story
By properly staging a home, it is possible to sell a house during the holidays, even with the slowdown in house hunting during November and December. Homeowners should make cleaning and decluttering the house their number one priority when looking… Continue Reading
Homeowners should be wary of anyone selling home security systems door-to-door. According to the state Dept. of Consumer Affairs, the salesperson could be breaking the law and trying to scam homeowners. The department warns homeowners that anyone selling home alarm… Continue Reading
Once Thanksgiving is over, the real estate world typically starts to wind down for the holidays and doesn’t usually reawaken until after New Year’s. But potential home buyers who are prepared to close in today’s competitive market may want to… Continue Reading
The California Dept. of Real Estate (DRE) issued a consumer alert and fraud warning because of the growing number of scams being perpetrated against consumers seeking to rent homes and apartments by persons offering rental lists for a fee and… Continue Reading
The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain at existing levels. In high-cost areas such as California, the loan limit is $625,000… Continue Reading