Browse by Tags

All Tags » Industry   (RSS)
17 July 2008
Focus on the Lender: An Interview w/Dean Wong - First Cap. Mortgage
In an effort to find solutions for my Buyers, I took the time to interview Dean Wong at First Capital Mortgage . I have known Dean for 5 years and have worked with him on many transactions. TOM :First of all Dean, thank you for taking time to chat with Read More...
0 Comments  
03 April 2008
Good News!..Feb. 2008 Homes Sales in a Stable Range..
Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally Read More...
0 Comments  
02 April 2008
What Happens in Escrow?
An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. People buying Read More...
0 Comments  
02 April 2008
Tax Rebates Coming Soon... When will you get yours?
Last month, President Bush signed the Economic Stimulus Package into law - setting aside $168 billion in tax rebates and incentives to help boost the US economy. As we head into spring, those tax rebates are getting ready to hit the mail. So when should Read More...
0 Comments  
02 April 2008
RENTERS BEWARE!
If you are currently renting , the following might be helpful. Just for comparison: if you are currently Renting and paying $2k per month and could have bought a $400K home a year ago at last years interest rates with a mortgage of around $1800, that Read More...
0 Comments  
14 March 2008
Apartment Buildings - Multi-Family Units - Good time to Buy - NOW!
The National Multi Housing Council projects the number of "households that rent" will increase by four million over the next 10 years, with half of them renting apartments in properties with five or more units. Looking back at 2007, the group Read More...
0 Comments  
13 February 2008
Transactions #'s Down...Jan '08 Data
Are Buyers and Sellers waiting out the market? They may be, as evidenced by the latest data regarding SoCal Home Sales Transactions which fell below 10,000 in the month of January. This is the first time this has happened in around 20 years. Clearly, Read More...
0 Comments  
22 December 2007
Paramount,CA home prices at new low
Question :Which U.S. city has been the worst affected by this year's housing slump???? Answer:Paramount, CA In Paramount, home sales dropped 78% in the third quarter from the third quarter in 2006 , from 134 home sales to only 30 last quarter. Home Read More...
0 Comments  
22 December 2007
Mortgage contracts should NOT be altered
Former Federal Reserve Chairman Alan Greenspan said that compelling lenders to alter mortgage contracts would be a damaging tax on the economy and it would be less harmful to simply give the homeowners money. Greenspan's concern is if lenders are Read More...
0 Comments  
22 December 2007
Tax Relief for Home Owners
President Bush signed into law Thursday a bill creating a temporary tax break for homeowners who are able to persuade lenders to forgive part of their debt, and extends a tax deduction for some families with private mortgage insurance. For the next three Read More...
0 Comments