Yorba Linda CA Home For Sale – Vista Del Verde (Back on Market)

This Yorba Linda Home For Sale has views that go forever (well almost forever).  This property sold with multiple offers the first week it was ont he market but the buyer just backed out. Spectacular home located on the Vista Del Verde Black Gold golf course. Beautiful inside and out. Tile flooring with plush carpets. Two fireplaces. Gourmet kitchen with granite countertops and walk-in pantry. Beautiful...

New FHA Changes Guidelines for 90-day Flip Rule When Buying Homes and Condos

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties WASHINGTON – In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow...

Making Payments to Second Lien Holder Outside of Escrow In A Short Sale Is Illegal

I was contacted by one of the contributors to this story that ran today on CNBC (see link below).  What the story alleges; that second lien holders ask for cash payments out side of escrow, is true. I was involved in a transaction where Wells Fargo was the second lien holder and they wanted an extra $3,000 from the seller outside of escrow and didn't want this to be disclosed to the first lien...

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