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Real Estate Sales Representative - Coldwell Banker Previews, Irvine, South OC
Real Estate information for Orange County & Southern California homes and properties. Articles with local character and current real estate news and trends.

ARCHIVED BLOG POSTS

2008 

In Short Sale situations, lenders and loan-servicing institutions should make it easier for buyers and Realtors. Lenders should help the market and provide sellers and agents with location of online department and person responsible for processing the short sale applications. Lenders should use a...
03/31/2008
Loan Qualification (or "prequalification") is an opinion that your income, assets and current debts qualify you for a loan of a specified amount.  This may come from a lender or Realtor.  This opinion usually does not take your credit into account, and no one is committed by it.  Preapproval is a...
03/31/2008
Bob Knight's hiring by ESPN sports network sets a bad example for the kids and young athletes in this country. As basketball coach at Texas A&M and Indiana, he bullied his players, other coaches, referees, and sometimes fans, so many times over the years. I never heard him apologize to anyone for...
03/31/2008
The U.S. Income Tax Act of 2003 reduced the maximum rate on the net capital gains rate of an individual (net long-term capital gains less net short-term capital losses) from 20 percent to 15 percent. Net capital gains previously taxed at 10 percent were reduced to 5 percent. In order to qualify f...
03/29/2008
Hillary Clinton and Obama have endorsed the idea to prevent foreclosure and amending the US bankruptcy law so that troubled borrowers can have their mortgages modified in court.  Does that make sense?  Does she suggest that principal debt be lowered?  Should government tell lenders that they must...
03/29/2008
The Beazer Homes poll shows that 77% of the people in the US think that now is a good time to buy a house.  This polled group was 1,006 adults nationwide between the ages of 25 to 72 with minimum household incomes of $40,000.  77 percent of respondents said that with good credit and a down paymen...
03/29/2008
US Treasury Secretary Henry Paulson has suggested need for new regulations for banks on Wall Street.  He said that if  big Wall Street investment houses are allowed to run to the FED for emergency lending, they must face stepped-up regulation.  The Bush administration has hinted that it will put ...
03/29/2008
What Should You Consider When Thinking About Foreclosure Buyer Opportunities?Buyers must be pre-approved for a loan by a lender. Source of Down Payment Must be confirmed.The bank could require that you finance your purchase with them. Expect competition for your offer. Some buyers bid on multiple...
03/28/2008
Are twenty percent or ten percent down payments required by lenders these days?  FHA loans were originally intended to help first-time home buyers, so the down payment requirements are flexible. The buyer can put as little as 3% down.  In this situation it is OK if you get that money from a relat...
03/28/2008
Are twenty percent or ten percent down payments required by lenders these days?  FHA loans were originally intended to help first-time home buyers, so the down payment requirements are flexible. The buyer can put as little as 3% down.  In this situation it is OK if you get that money from a relat...
03/28/2008
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Harrison K. Long

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