Starting January 1, 2013, a new California law will protect homeowners who default on their refinance loans from personal liability for any deficiency following foreclosure. Existing anti-deficiency law protects a borrower from personal liability for the difference between the principal balance ... » Learn More about New Anti-Deficiency Protection for Refinance Loans Made After January 1, 2013
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San Fernando Valley (Los Angeles) Real Estate Turnaround Real or Head Fake?
http://www.youtube.com/watch?v=81dZN82Vhpg&feature=youtu.be[/youtube This is a real estate market update for the San Fernando Valley, Los Angeles, California. It's as if somebody flipped a switch, and turned the market from a buyer's market, to a seller's market... but this is a very localized ... » Learn More about San Fernando Valley (Los Angeles) Real Estate Turnaround Real or Head Fake?
New Subsidiary “Multi Real Estate Referral Services” Established – Help for Inactive California Licensees
Multi Real Estate Referral Services has been established as a holding company for California real estate licenses through the California Department of Real Estate. It allows an inactive, or real estate agent looking to get out of the business, to still make money off real estate referrals. The ... » Learn More about New Subsidiary “Multi Real Estate Referral Services” Established – Help for Inactive California Licensees
FHA Applications Fall After Hiking Premiums
The quantity of applications for FHA-insured mortgages dropped by nearly 25% in April as the Federal Housing Administration implemented the premium hike announced in early March. On April 9, FHA officially raised its annual premium by 10 basis points and its upfront fee by 75 bps. The premiums on ... » Learn More about FHA Applications Fall After Hiking Premiums
Mortgage Rates Continue to Drop! Refi Now!
European economic issues, weak US economic growth, horrible jobs numbers... Because of an accumulation of reasons, the interest rates have crashed over the 2 1/2 months. Big international money is running into safe havens. The 10 yr note (direction most closely correlates with the 30 year fixed ... » Learn More about Mortgage Rates Continue to Drop! Refi Now!