HomesInPalmdaleLancaster.com

How long after foreclosure does it take before you can buy again? Jay Brinkmann, chief economist for the Mortgage Bankers Association says that “It could be well over seven or eight years before walkaways are able to obtain a mortgage to buy a home again.”
For those that have either had a short sale, [...]

Attention: Home Buyers! Mortgage rates have fallen again. This means that it’s easier to qualify for the loan and you can get more house for the money.
Mortgage rates sink to lowest this year | KVAL CBS 13 – News …
Mortgage rates have fallen to the lowest level of the year as investors poured [...]

New Closing Cost Assistance and Appliance Incentive
*Lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.
Buyers purchasing properties listed on HomePath.com that are closed within this time period may receive up to 3.5% of the final sales price for one of the following:
• [...]

Fannie Mae announced that it will cover the closing costs on purchases of its foreclosed properties. This means that buyers will receive 3.5% of the final purchase price. The money can be used towards closing costs or for new appliances.
Escrow or closing deadline is May 1, 2010.
Another incentive offered is to only require [...]

WASHINGTON – In order to spur economic real estate activity, the 90 Day No Flipping Policy will be waived by FHA for one year effective 02/01/2010.
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA [...]

Did you know that your child or grandchild over the age of 18 can take advantage of the First Time Home Buyer Program? Call us to find out how it works at 661-726-0696 or email here.

Yes. It’s true. Wachovia, part of Wells Fargo Bank, is helping homeowners to sell their home to pay off their Wachovia and World Savings Loans. Wachovia is taking a proactive approach because they lose less money if they work out a short sale rather than foreclose on a homeowner.
Hands down, [...]