Joseph & Cheryl Melendez's (melendezteam) Blog

Orange County Register newspaper reported today that the demand for housing is up 33% over a year ago.  They also reported that the time a property is on the market for sale now stands at 2.97 months as opposed to 6.55 months a year ago.  This could be signs of the market beginning to stabilize. ...

I get a lot of questions from clients on why it is so hard to get a loan right now.  The short answer is that these is a shortage of investors to buy closed loans.  The better answer has to do with who is buying the funded and closed loans.  Remember that almost all lenders sell their closed loan...