Short Sale Buyer Contract deal points can make or break a short sale. In this video blog I go over the Short Sale Addendum for a quick overview of the form and some commentary on how it can help protect the buyer in the transaction. Make sure to read: Simi Valley Short Sale Information here […]
Simi Valley Home Buyers – FHA Premium Goes Up After Oct 4th
Simi Valley Home Buyers, if you are out shopping for a home and are going to use FHA financing it is important to make sure you get your FHA case number before October 4th, 2010 as the FHA Premium goes up after this date. John Yang independent mortgage broker and author of the Mortgage Video […]
Simi Valley Homes For Sale Market Report for April 2010
Simi Valley homes for sale for the month of April 2010 had a slight uptick. The gain in average sales price and the slight gain in the total number of Simi Valley homes sold, is largely related to the federal tax credit that expired April 30. Effects from the federal tax credit will be seen […]
Are Tax Credits Luring Simi Valley Home Buyers in a Cash for Clunkers Scheme?
Federal and California tax credits were created to lure home buyers into the market. Simi Valley home buyers have a small window of opportunity to take advantage of both tax credits and double-dip the system. The federal first-time home buyer tax credit of $8000 is set to expire April 30. More specifically, home buyers qualify […]
New RESPA Regulations to help drive out Bait & Switch Artists of the Morgage Industry
RESPA changes enacted January 16, 2010 will benefit Simi Valley home buyers and help them understand the costs of their financing on the new good faith estimate (GFE) and HUD-1 settlement statements. When shopping for a loan, the mortgage broker must give a good faith estimate to the client that outlines the costs of the […]
Simi Valley Home Sales Report YTD – October 31, 2009
Simi Valley home sales were down in October 2009. This is very interesting in that the market has been pushed in a positive direction by the first-time home buyers tax credit. In September and October buyers knew that the tax credit was scheduled to expire on November 30, this should have reflected in an increase […]
Simi Valley Home Buyers – Tax Credit Waiting for Obama
That’s right Simi Valley home buyers, the tax credit is waiting for Obama’s signature. The tax credit legislation passed the House today in a 403 to 12 vote. The Senate vote was 98 to zero. This time around there a few additions, these are pointed out in my video blog below. One thing I did […]
Simi Valley Housing Market Update YTD July 31, 2009
Simi Valley Housing Market Update YTD July 31, 2009 The Simi Valley housing market has not been boring lately. Extremely low inventories, Super Low interest rates and the $8,000.00 Federal Tax Credit which expires December 1st have buyers whipped up into a frenzy competing for very few homes for sale. This situation has stabilized the […]
1st Time Home Buyer Tax Credits Explained for Simi Valley Home Buyers
1st Time Home Buyer Tax Credits Explained for Simi Valley Home Buyers The Details are out!!! 1. There are income limitations for the purchasers, $75,000 for an individual or $150,000 for a couple. Partial credits may be available if you exceed the maximum income limits. 2. The Tax credit is for 10% of the home’s value, […]
