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Spring surge in home prices continued in Los Gatos for April 2014
Los Gatos home prices continued their surge in April 2014. Fueled by shortage of inventory the Median Home price of Los Gatos homes jumped 0.6% to $1,471,000 higher compared to April 2013. However, the tell-tell sign of tight inventory was the number of sales in the...
Home sales drop 13% in March compared to March 2013
California home and condo sales were up 20.9% in March 2014 from February but were down 13.3 percent from March 2013. Both distressed and non-distressed property sales posted gains for the month. March 2014 distressed property sales gained 7.4 percent from February,...
How Consumer Finance Protection Bureau can help you with your lender
One of the agencies created as part of Dodd-Frank Wall Street reform act was Consumer Finance Protection Bureau. Ironically, the person championing the cause of creating such an agency was the current senator from Massachusetts Senator Elizabeth Warren. The role of...
Contingencies to include in your home purchase contract
California Association of Realtors has developed legally binding contracts that are used in majority of real estate transactions. Also known as "CAR Contract" the purchase agreement often contains conditions on inspections, financing, condition, inspections, warranty...
Top 6 mortgage protections with Dodd-Frank Wall Street reform act
Dodd-Frank Wall Street reform act created a independent watchdog, housed at the Federal Reserve, with the authority to ensure American consumers get the clear, accurate information they need to shop for mortgages, credit cards, and other financial products, and...
Top 9 Short Sale FAQs
Despite the recent rise in home prices, some families in San Jose, Campbell, Saratoga and Los Gatos still have underwater mortgages that need to be rescued. 1) What is a Short Sale: Short sale is when a property is sold for less than the sum of all the loans on the...