Non-Refundable Deposit Deemed Invalid in California

I just received this update from the California Association of Realtors.  This is good news for buyers. "NONREFUNDABLE DEPOSIT DEEMED INVALID An agreement for a "nonrefundable" escrow deposit is invalid and unenforceable, according to the recent California case of Kuish v. Smith (2010 WL 373225). This case serves as a good reminder for REALTORS® that inserting a "nonrefundable deposit" provision into a...

Wachoiva, World Savings, Goldenwest Short Sales…Helpful Information

If your home loan was with World Savings or Goldenwest they are now owned and serviced by Wachovia. Wachovia is committed to making the Short Sale Process as simple and quick as possible. Here are the steps to selling your home using the Wachovia Short Sale Process. Wachovia Short Sales Made Easy 1. Obtain Listing Agreement 2. Contact local Short Sale Manager as soon as you get the listing 3. Short Sale...

FHA Loan Changes for 2010 by Aaron Zapata Prudential CA Realty

The FHA has informed us of a number of changes that are taking place this year.  We've already seen the 90-day flip rule removed, but they are increasing their fees, limiting seller contributions, raising minimum fico scores, and in some cases increasing the minimum down payment required.  Please call me or your loan officer to see how these changes might affect your specific...

Compare listings

Compare
Call Now ButtonCall Aaron Zapata