Have you been thinking of investing in a foreclosed home? The game plan sounds simple enough: purchase a foreclosure at pennies on the dollar, cover the mortgage by renting the property to tenants, and then sell it at a tidy profit when the economy recovers. Unfortunately, when it comes to buying foreclosures, “things are not [...]
Bank Auction: Great Rancho Mirage Investment Opportunity This fixer is a great opportunity for the serious real estate investor or those looking to pick up a second home in the Palm Springs area. Located in Mountain View Villas just off Gerald Ford and Duvall in Rancho Mirage awaits your great opportunity to own this 2 [...]
Both Fannie Mae and FHA have guidelines now for purchasing a home after having been through a short-sale. FHA will also allow current home owners to perform a “short-refinance”, similar to a short sale but the home owner retains the home. Below are the Fannie Mae guidelines for qualifying for a new conventional mortgage after [...]
Traveling this Holiday Weekend? Make Sure You Are Prepared This weekend brings the start of the summer travel season. Whether traveling by air, car or train, there are key tips to consider before heading out. Make sure to read these 22 travel tips, courtesy of Travelerspoint.com: 1. Security and Keeping Details Safe Scan your passport, [...]
As lenders tighten mortgage guidelines for California homebuyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 10 percent. Anecdotal guideline changes have led to an increase in the number of homebuyers accepting cash gifts from family. Gifts are allowed in [...]
Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years. For homeowners that missed the Refi Boom of November 2009, this is your second chance. In this well-presented, 3-minute video (below), from NBC’s The Today Show, you’ll get tips on getting [...]
Your Mortgage Approval Isn’t Final Until It’s Funded, a host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today. MSN Money ran a [...]
The majority of people looking for, or considering buying, a home had no plans to take advantage of the first-time or move-up/repeat home buyer tax credits, according to a survey recently released from Better Homes and Gardens Real Estate. The survey, conducted earlier this year, was designed to identify factors affecting today’s home-buying decisions. It [...]
Use these ideas to help you save and stay on the right track With the economic hurdles over the past 18 months, it’s easy to see how some people may have lost their financial way. Rather than making drastic changes, sometimes the best route to financial security is setting small, yet achievable goals. Here are [...]
For many the time has come to refinance your existing mortgage. I am not saying that it’s not possible that rates will not go any lower than they are right now. The truth is no one can know for sure how low or high they may go (you have to remember the last time there [...]
Enter your email address below to receive updates each time we publish new content.
Palm Springs Homes Are Selling Fast
Properly priced Palm Springs homes are selling fast. The number one question from both Buyers and Sellers is, “How’s The Market in Palm Springs?” My Answer is always the same: “If they’re priced properly, they’re selling fast!” Why Are Properties Selling Fast? A knowledgable REALTOR® can help Sellers understand the complexity of todays market. Homes [...]
Buying a Palm Springs Home in 2012
Are you one of the hundreds of people who will be Buying a Palm Springs Home in 2012? We’re almost at the end of 2011, with 2012 quickly becoming a reality, like every year before it people have started putting their list of New Years Resolutions together. Usually found on that list somewhere is the [...]
I am quite sure that Countrywide was not alone, but they were certainly one of the biggest players. This is the reality behind the real estate crisis and why it continues to roll along with no end in sight! I can tell you story after story of Countrywide reps and reps from other banks encouraging [...]
Enter your email address below to receive updates each time we publish new content.
