Archive for April, 2008

Mortgage News for the week ending March 28, 2008

Saturday, April 19th, 2008

Mortgage Time Mortgage Market News for the week ending March 28, 2008 Compliments of John Premysler Applied Wholesale Mortgage PHONE: (877) 912-9669 x302 johnp@awnow.com 184 Technology Dr Suite 200 Irvine, CA 92618 Events This Week: Jobless Claims Down GDP Flat Manufacturing Mixed ...

Orange County Foreclosures

Wednesday, April 16th, 2008

Amount Street Address City $243,308 6 Plumeria Irvine $594,614 27811 Barbate # 16 Mission Viejo $836,618 864 Jones Dr Brea $764,875 26702 La Sierra Dr Mission Viejo $349,227 24 Mesquite Trabuco Canyon $349,227 24 Mesquite Trabuco Canyon $352,096 29 Cinnamon Teal Aliso Viejo $724,827 7142 E Villanueva Dr Orange $515,187 17052 Kampen Ln Huntington Beach $587,528 11680 Corinth Cir Fountain Valley $688,284 23672 Via Estella Mission Viejo $584,000 24122 Hurst Dr Lake Forest $616,250 23672 Via Estella Mission Viejo $273,221 37 Brighton Pl Laguna Niguel $164,660 26212 Summerhill Ln Laguna Hills $164,660 26212 Summerhill Ln Laguna Hills $650,000 7142 E ...

HUD’s Proposal to Simplify RESPA

Wednesday, April 16th, 2008

HUD has released a document, 24 CFR Parts 203 and 3500 Real Estate Settlement Procedures Act (RESPA): Proposed Rule To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs; Proposed Rule. HUD is looking for comments and/or suggestions before deciding to implement it. The first thing one notices ...

Income Producing Properties

Tuesday, April 15th, 2008

Address City Price HOA Est Cash Flow 23436 VIA JACINTO Aliso Viejo $359,000.00 ($230.00) $304.70 Rental Comps Address City Price HOA Est Cash Flow 27906 Amber 231 Mission Viejo $359,999.00 ($230.00) $239.65 Rental Comps ...

Foreclosures can be risky

Friday, April 11th, 2008

If you bought a property at foreclosure in the later 1990s or early 2002s, you probably have a built up a lot of equity and have a positive cash flow on your investment. With the current increase of foreclosures in Hawaii, people may be looking at this as another ...

Not-so-obvious causes for a dropping FICO score

Friday, April 11th, 2008

Have noticed that your FICO score has been steadily dropping over the last few months. In January your score was in the mid 700s and now it's in the low 700s. You don't have any late payments or any other negative marks on your credit report, so why is this ...

Hawaii March Housing Statistics – Condo Prices Still Rising

Friday, April 11th, 2008

Not Much Gloom and Doom For Oahu, Hawaii's Real Estate Market During March, Oahu sales of 282 single-family homes and 392 condominiums were reported through the Honolulu Board of Realtor's MLS, decreases of 14.5 percent for single-family homes and 27.5 percent for condominiums, compared to the same month last year. This ...

History of the Housing Market

Thursday, April 10th, 2008

I thought this was an interesting video: History of the Housing Market Source:  Yahoo Video / ABC News

Strategies for Trading Up to a Bigger Home

Thursday, April 10th, 2008

When purchasing a home for the first time many buyers can become overwhelmed due to the timeline and contingencies that need to be followed.  That’s why it’s always good to have a team of agents that can help you through the process.   What can be more frustrating for buyer is if ...

10 Things to Ask When Selecting a Buyer’s Agent

Wednesday, April 9th, 2008

What's a Buyer's Agent? You'd be surprised how common that question is. Most people barely understand the process involved in buying real estate. Few know what agency representation and fiduciary duty is. When it comes to buying real estate, most buyers spend more time deciding what to eat ...