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Economic Focus »

Up Front Fees For Loan Modifications Now Prohibited

Up Front Fees For Loan Modifications Now Prohibited

Gov. Arnold Schwarzenegger bans all foreclosure consultants, including loan modification firms and attorneys who specialize in loan mods, from asking for any upfront fees. 
On October 11, 2009, Governor Schwarzenegger signed Senate Bill 94 (Calderon), and …

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Real Estate »

Renovation Loans/Rehab 203K Financing

Renovation Loans/Rehab 203K Financing

If you’ve been passing up homes that require repairs, there’s renewed interest in the 203(k) FHA loan program that lets qualifying candidates borrow a single loan with a 3.5 percent down payment to cover both …

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Tips on Buying A Home »

FHA Makes Exception On 90-Day FHA Anti-Flipping Rule

FHA Makes Exception On 90-Day FHA Anti-Flipping Rule

Yesterday HUD Secretary, Shaun Donovan announced that they will temporarily remove the 90-day restriction on flipping properties. This change in policy will take effect on February 1, 2010 and is effective for one year. There …

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Tips On Selling Your Home »

Tips For Selling in This Tough Economy

Tips For Selling in This Tough Economy

Times are certainly tough for sellers right now. And you probably won’t sell your house for the amount you would like. The best strategy for now would be to stay put and wait out the …

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