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...

Orange County CA Luxury Homes Map

Here is a Google Map that shows all of Orange County's Luxury Homes.  Starting price is $3.8 Million to be on this list as of today. Click on the image below to go to the map. If you would like to purchase one of these homes, please contact me today to arrange for an appointment to view the property. (714)...

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