If you own an FHA or HUD insured home and you are desiring to request a short sale of your home, there are specific requirements that must be met.  I have worked with a number of homeowner's in selling their FHA insured home and before listing their home for sale, we discuss the guidelines that I know FHA is going to require be met by my homeowner Sellers.…

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Washington, DC - The FHFA is seeking financial recovery from recently filed lawsuits according to its press release today.  It went on to say, "at this time, it would be premature and potentially misleading to estimate the size of any potential recoveries" and that "press reports that FHFA is seeking nearly $200…

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There is a new law that mandates Carbon Monoxide monitors be installed in all residential properties in California. Lenders are taking this seriously! I had a buyer purchasing ashort sale in Sunnyvale that was scheduled to close last Friday, after several extensions. (The first lender kept asking for closings that were not physically possible to adhere…

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Washington, DC -- The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the GSEs), today filed lawsuits against 17 financial institutions, certain of their officers and…

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Finding the perfect home in the Santa Clarita market area is something that many people dream about day in and day out. After all, who wouldn’t want to buy a home that meets all of their wants and needs?

And while it may sound easy enough to do this, the fact of the matter is that finding the home is not always the easiest thing to do. There are numerous…

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Lender is Chase.  Loan is FHA.  Received offer that asks for a home warranty and 3% closing costs.  Do I need to counter these two issues with no home warranty and 1% closing costs?