by Leila Mortaz | Sep 3, 2013 | Home Buyer Tips, Real Estate (Residential), Residential Mortgage
With the biggest rise of interest rates in 25 years the refinancing activities has come to a screeching halt with refinancing applications dropping to 2-year low. Applications for purchase loans have also declined by 4%. This has given some economist concern that...
by Leila Mortaz | Aug 31, 2013 | Home Buyer Tips, Home Seller Tips
On Friday, the U.S. Department of Commerce reported 896,000 housing starts on a seasonally adjusted annual basis. The number of starts fell short of analysts expectations who had foretasted 915,000, but exceeded June’s reading of 846,000 housing starts.Year over year...
by Leila Mortaz | Aug 30, 2013 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper, REOs
I got a call today from the owner of a San Jose Short Sale that we had sold more than 3 months ago! Delighted the conversation turned to some paper work about the trustee transfer that her lender had sent her! She wanted to know what she was supposed to do with...
by Leila Mortaz | Aug 30, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
If you are a 1st time home buyer and you are in love with a San Jose Short Sale home, then read on. Understanding what could go wrong in a Short Sale purchase will help you develop a much better strategy in identifying the right homes to focus on. With that in mind,...
by Leila Mortaz | Aug 29, 2013 | Home Buyer Tips, Home Seller Tips, REOs
Buying homes at the court house auctions appeal to a lot of cash investors since they are buying properties at a discount in some markets. But just like anything other risky ventures, the gain in price point for your property purchase could come with some serious...
by Leila Mortaz | Aug 29, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Before you sign the dotted line on the purchase contract of a Short Sale, you should make sure you are not wasting your time and energy on a home that might be heading to foreclosure in a few weeks ! Short Sales are complicated transactions that require a lot of...
