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July 2011 - Posts

Sunday, July 31, 2011 8:35 AM

Price Reduced on 16245 Alabaster Ct. in Chino Hills

Chino Hills, San Bernardino County - Announcing a price reduction on 16245 Alabaster Ct., a 2,529 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $599,999 - Price Reduced!. Property information
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Thursday, July 28, 2011 6:36 AM

New law gives added protection to short sale hopefuls

The San Diego Union-Tribune Gov. Jerry Brown — Associated Press file photo Senate Majority Leader Ellen Corbett A new California law will further protect homeowners pursuing short sales by barring first and secondary lien holders from going after
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Friday, July 15, 2011 6:06 AM

Mortgage Payment Options and Financial Advisers Views in Today's Economy

Talking Points... An increasing number of homeowners are opting for higher monthly mortgage payments on shorter loans, but with interest rates at record lows and property values still in flux, that may not always be the best decision. Choosing to pay
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Friday, July 15, 2011 6:04 AM

Riskier loans make a comeback, as private firms take the field

The Wall Street Journal After years as the lending market’s undesirables, aspiring home buyers with less-than-stellar credit are being offered home loans again – with some of the same conditions and catches critics say tripped up subprime
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Friday, July 15, 2011 6:03 AM

Bank’s deal means more will lose their homes

The New York Times Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest servicer, and investors
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Friday, July 15, 2011 6:01 AM

U.S. tackles housing slump

The Wall Street Journal The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery. Read the full story
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Friday, July 15, 2011 5:54 AM

Investors to the rescue of the housing market

Los Angeles Times Real estate investors will outnumber traditional borrowers 3 to 1 during the next two years, a new survey says, helping clear millions of repossessed properties from banks’ books and pave the way for a recovery. Read the full stor
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Friday, July 15, 2011 5:51 AM

Foreclosures gone wrong can haunt homeowners

The Mercury News Lenders continue to make foreclosure mistakes despite extensive publicity and promises to fix problems, which include sloppy paperwork and communication breakdowns. Read the full story
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Friday, July 15, 2011 5:50 AM

Secrets to getting a mortgage with so-so credit

CNN SmartMoney Getting a mortgage can be tough these days – even people with near-perfect credit have been rejected for loans. But for some lucky borrowers, things aren’t as bad as the doom-and-gloom crowd says. Read the full story
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Friday, July 15, 2011 5:47 AM

Mortgage rates are great, if you qualify

The Wall Street Journal Interest rates are near historic lows and home prices are affordable; however, many borrowers are finding they must have nearly pristine credit records and hefty down payments to get the best rates. Making sense of the story Since
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Monday, July 11, 2011 1:20 PM

Ideas for Parents To Help Children Purchase a Home

With many college graduates unable to find the kinds of jobs that would allow them to save up enough money for a large down payment, which many lenders now require, some parents are helping their children buy their first home. Parents considering this
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Monday, July 11, 2011 1:18 PM

Fannie Mae offers investors new financing option

CNBC Last month, Fannie Mae made a change to its rules for all-cash buyers to apply for mortgages. Currently, Fannie Mae requires a minimum of six months to elapse between the time a borrower purchases a home and subsequently applies for a cash-out refinance.
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Monday, July 11, 2011 1:16 PM

Renters see prices skyrocket

CNN SmartMoney Nationwide, the average rate for apartment and home rentals is up 6.7 percent from June 2010, according to a new report from HotPads.com. Read the full story
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Monday, July 11, 2011 1:13 PM

FHA gives jobless homeowners one-year break

MSNBC Beginning Aug. 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss mortgage payments from four months to a full year, providing qualified homeowners with more time to find employment before the foreclosure
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Monday, July 11, 2011 1:05 PM

The Verdict: Hang Up!

Don't Fall for Jury Duty Scam 06/02/06 The phone rings, you pick it up, and the caller identifies himself as an officer of the court. He says you failed to report for jury duty and that a warrant is out for your arrest. You say you never received
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Thursday, July 07, 2011 11:55 AM

FIRE IN THE CANYON!

CARBON CANYON – A brush fire that started near Carbon Canyon Road has grown to roughly 10 acres as firefighters continue to fight the flames from the air, officials said. One witness reported seeing a plume of smoke rising near the road, then slowly
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Wednesday, July 06, 2011 1:17 PM

Chino Hills and SCE Drawing Lines!

Court to decide appeal in July Mediha Fejzagic DiMartino, Staff Writer Created: 06/29/2011 06:14:12 PM PDT RIVERSIDE - Chino Hills resident Anabel Hurtado sat in the courtroom of the 4th District Court of Appeal on Wednesday, glancing over her shoulder
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