Dolores Mouras's (dolores1449) Blog

I have so much to share with you, but first, I would like to wish all the Dads I know a wonderful Father's Day filled with family and friends. In Sacramento houses have seriously declined in the last 5 years. And, because of this unfortunate downturn in the market, you may have heard homeowners c...

A Foreclosure will remain as a public record on a person's credit history for 10 years or more.  A Short sale is not reported on a credit history.  There is no specific reporting item for a short sale.  The loan is typically reported paid in full, settled.

Future Fannie Mae Loan - Primary Residence (effective May 21, 2008) A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years.

On a Future Fannie Mae Loan - Primary Residence (effective 5/21/08)  A homeonwer who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years.  By the way, a Real Estate Agent is paid by the bank.

Home Buyer Group is offering a free home buyers workshop to teach buyer's the secrets of successful home buying.  This Thursday, June 18Th at the State Capitol (L Street entrance) from 5:30-6:30, Room 125.  Future seminars held on the third Thursday of each month.  Referrals welcomed! Call Dolore...