Monthly Archive
for: ‘August, 2010’

REAL ESTATE FOR SALE IN WESTPARK, IRVINE CA

The homes in the West Park area of Irvine have been been popular since this community began. With easy freeway access to both Highway 5 and the 405 Freeway, excellant public schools, close proximity to University of California Irvine (UCI), numerous public parks and beautiful home and condo subdivisions, make this a very desirable community. …

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IRVINE CALIFORNIA: THE WEEK OF AUG 23, 2010

Irvine North CA Real Estate for the week of August 23rd, 2010: homes priced around $595,051 compared to $595,051 the previous week, to remain steady with no change in listing price.  As of August 23rd, 2010, the current number of listings in Irvine North CA are 505 listings.  For Monday, August 23rd, the current national …

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Irvine Public Schools Ranked Highest in the County According to New State Report

The Irvine Unified School District (IUSD), which serves residents of the Villages of Irvine, is home to the highest number of top performing schools in all of Orange County, according to a new report issued by the California Department of Education.
The state’s new 2008 Academic Performance Index (API) ranking, which is based on academic performance …

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What Does A Underwriter Do? There a 4 Basic Rules A Underwriter Fallows:

Ever buy or refinance a mortgage loan and wonder what the heck the Underwriter does?
An underwriter is a disinterested third party who approves or declines loans. Once all the documentation required for the loan has been received and the appraisal is complete, the processor will submit the loan to underwriting. At that time, the underwriter …

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Before You Buy Your First Home – Tips for a First-time Home Buyer

It’s not uncommon for a first-time home buyer to say to me, “Gosh, just last week I called you about buying a home and now I’m in escrow! How did this happen so fast?”The answer is it didn’t. First-time home buyers start the search long before most even realize it.
Here’s what you can expect from …

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Property Deeds That Transfer Title To Real Estate. What Are The Differences?

Property deeds are legal instruments that are used to assign ownership of real property, to transfer title to the land and its improvements such as a house. Words used to convey property transfer may be grant, assign, convey or warrant, but they basically all do the same thing, they transfer the interest of the person …

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Will the Home Valuation Code of Conduct Affect the Appraisal of My Home? If The Appraisal comes in Low What Are My Options?

 
Home Valuation Code of Conduct, known as HVCC, sounds like a good idea. The new appraisal process went into effect on May 1, 2009. However, it could possibly result in a low appraisal on your home.
The New York State Attorney General Andrew Cuomo in 2007 filed a lawsuit against eAppraisalIT and its parent, First American, …

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FHA “Short Refinance” — Is This The Way To Reduce Foreclosures?

Imagine that you have a mortgage and want to refinance to get a lower rate but the debt is greater than the value of the home. Imagine also that if you can refinance you can avoid foreclosure.
The government is now trying to address this scenario, something which is common across the country, especially for those …

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Should I Fight a Low Appraisal?

 I purchased my home in 2005 with a mortgage loan of $151,000 and a 5.375% interest rate. I currently owe about $143,000.
Last year, my tax assessment valued my house at $146,000. This year, it’s $89,100. I realize that I’ll pay less in taxes, but in terms of maintaining the property’s value, this can’t be good …

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It’s a Buyer’s Market. Want to Become A Invester?

Flipping houses has been a fairly recent trend, that is, purchasing a low-cost property and then making money by re-selling it, sometimes for 3 or 4 times its value. It seems like a dream come true – it’s like a share in stock that rises overnight and getting away with a wad of cash in …

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