Your Resource for Real Estate in Orange County

DS NewsCalifornia Realtors Offer Mortgage Assistance for UnemployedThe CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently launched a new program that allows home sellers to purchase mortgage protection coverage and offer it as an additional incentive to home buyers who purchase their home. KE...

  Los Angeles TimesRefinancing now could be better than waiting for mortgage rates to drop furtherMortgage rates on 30-year, fixed rate loans are hovering near the lowest level on record since 1951. While some home buyers are putting their home purchases on hold hoping rates will go even lower, ...

  The Wall Street JournalThe jumbo-mortgage comebackSmaller and regional lenders are issuing more new jumbo loans and doing more refinancings, which could help bolster home sales in some areas. KEEP THIS IN MIND • Jumbo mortgages are mortgages deemed "too big" to be sold by lenders to government...

The Sacramento Bee California expects mortgage-aid program to begin in weeks The California Housing Finance Agency (CalHFA) reported this week that its “Keep Your Home California” program will be delayed because of logistical issues with the program. The program was scheduled to begin Monday, No...

Knowing the Short Sale Process.Homeowners do have options listing their property for sale when it is realized that their situation cannot be rectified.  Reasons might be lose of a Job, divorce, sickness or a death of a spouse or family member.   If a loan modification was unsuccessful your next s...

The New York TimesThe price of a “no-cost” loanSome home buyers who may be concerned about paying high closing costs might be tempted “zero-cost” or “no-cost” loan option, which requires no cash outlay, but typically adds a half percentage point to the rate. However, some financial consultants s...

  The New York Times A little-known loan program for fixer-uppersHome buyers thinking of purchasing a distressed property in need of repair, but who are concerned that the cost of the repairs could drain their savings account may qualify for the Federal Housing Administration's (FHA) 203(k) reha...

  Los Angeles TimesCalifornia to join multistate inquiry of foreclosures by banksIn late September and early October several major lending institutions began voluntarily halting foreclosures in select states while they reviewed their foreclosure processes. This action is in response to findings ...

Its a win win when a buyer buys a Fannie Mae owned property:Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price, which can be used toward closing cost assistance, including a home warranty, if desired and available.  Eligible offers must be subm...

SmartMoney MagazineHow to buy a home at a $100,000 discountWith nearly 150,000 foreclosed homes on their books, Fannie Mae and Freddie Mac are trying topare down their growing inventory of repossessed properties, in turn providing home buyers withtremendous purchasing opportunities.MAKING SENSE ...