Joseph & Cheryl Melendez's (melendezteam) Blog

 As you all know by now, any lender ordering appraisals on conventional loans must go through an appraisal management company.  Loan officers, processors, or anyone associated with the origination side of the business cannot be involved as it could "influence" the appraiser.  The big banks are al...

   Another article in the Orange County Register quoted a report from the California Association of Realtors that says the median priced home in Orange County increased 10% to $474,110.  They state that number is up 9.7% from April and it is the fourth monthly gain in the last five months.  It w...

  Another article in the Orange County Register quoted a report from the California Association of Realtors that says tthe median priced home in Orange County increased 10% to $474,110.  They state that number is up 9.7% from April and it is the fourth monthly gain in the last five months.  It w...

The Orange County Register which bashed real estate for the last several years seems to be back on the real estate bank wagon.  On the front page of the Business section is news that Or­ange County's median sales price rose to $410,000 which is the highest it has been in 7 months.  The main reaso...

With the wild spike in interest rates last week it is important to understand how locking an in­terest rate in works.  Once a property is in escrow we have the options of locking in an interest rate for the term of the escrow.  If the rates go up the buyer is protected and if the rates go down  w...