Posts tagged as:

foreclosures

The lesser known victims of the Housing Crisis – Animal Shelters need your help!

You can find stories about the thousands of animals displaced as a result of foreclosure and the housing crisis but it’s not talked about as much as it should be. The increase in abandoned animals is straining the resources of community animal shelters.
Gina works at Broadview Mortgage, if you bought your home with a home [...]

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Slide Show: A UPDATED Guide to Buying Foreclosures and Short Sales – Shadow Inventory Discussion

by Scott Schang November 17, 2009 Market Updates

Updated insight into buying foreclosures and short sales.
Understand what a short sale is and why it’s such an unpredictable way to buy.
Foreclosures typically require the buyer to compromise or give up many of the rights provided in the purchase contract – learn what to watch out for and how to protect yourself so you don’t [...]

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How to Buy Short Sale and Foreclosure Homes in California

by Scott Schang November 10, 2009 Market Updates

Short Sales (Short Pay) – I have this conversation on a daily basis with potential home buyers looking for a great deal. Usually it’s a call or an email that goes something like this: “Can this be true? There must be something really wrong with this property because this seems like it’s priced way too [...]

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CalHFA Announces 100% Financing, Discount Rates, Discount PMI on Bank Owned Homes in Hardest Hit California Cities – CalHFA Community Stabilization Home Loan Program

by Scott Schang November 10, 2009 First Time Buyer Loans

This information can be found on the CalHFA Website Here
This conventional first mortgage loan program features a below market, 30-year, fixed interest rate, fully amortized loan reserved for REO properties of participating financial institutions. It has a maximum LTV limit of 100% and may be used with CalHFA’s CHDAP and Fannie Mae eligible Community Seconds® [...]

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Ray Homebuyer Had to Change His Last Name: An Introduction

by Christopher "Doc" Apodaca October 9, 2009 Red Flags

Hello everyone, before I begin my inaugural post allow me to say that I am excited to be able to share the stories of those who have learned the hard way that education is empowerment. I have seen first hand what a lack of due diligence can cause, especially at home. Actually…within my own home [...]

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What the heck is “Shadow Inventory” and why it might drive Home Prices down

by Scott Schang September 28, 2009 Market Updates

If you do a google search for “Shadow Inventory” you will find that it is rumored that there possibly exists a HUGE wave of foreclosures and pre-foreclosures due to hit the “market” in the next couple of years.
Part of the reason is the result of the recently lifted State and Federal foreclosure moratoriums. [...]

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Does H.R. 2801 Have a Chance? Is it Worth taking the Chance?

by Scott Schang September 1, 2009 Loan Programs

Well, this is certainly going to be a closely watched topic over the next couple of months as the deadline for the Federal $8,000 First Time Homebuyer Tax Credit reaches it expiration date.
It seems now that the mainstream media is flirting with prospect of California nearing the bottom of the market. If this is true, [...]

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What you need to know about buying short sales in California

by Scott Schang June 19, 2009 Market Updates

I originally wrote this post in April of 2008. Most of it is still very true, even with all the changes in the market. This is still a good primer on understanding short sales.
It seems lately that most properties listed for sale are short sales (short pays) or foreclosures. There is a very big [...]

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Five 100% Financing Loans You Should Know About

by Scott Schang June 6, 2009 First Time Buyer Loans

Even in the challenging credit market environment of today’s real estate market there remains options for low and down payment financing. In addition to introducing you to these programs, we will also discuss community down payment assistance programs offered by your local city and county.
DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

CalHFA
Loan Programs
California Housing Finance Agency [...]