http://www.ocrealtyblog.info Orange County Real Estate News Wed, 24 Jun 2009 04:53:44 +0000 http://backend.userland.com/rss092 en Since May 29th, when this program was announced, there have been changes with the way the program can be utilized. The biggest issue is the ability to receive the advanced tax credit and use it for the down payment.If you have not been made aware, FHA has announced a first ... http://www.ocrealtyblog.info/8000-tax-credit-can-now-be-used-on-new-fha-purchases/ What Is The Mortgage Protection Program?  Through the California Association of REALTORS (C.A.R.) Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive $1,500 per month, for up to six months, to help make their mortgage payments. A qualified co-buyer ... http://www.ocrealtyblog.info/what-is-the-mortgage-protection-program/ I have now partnered with a loss mitigation company to better help my clients in Orange County. They are Solution Law Group, Craig Laverty, Attorney. If you need help and need a loan modification in order to save your home, give me a call to get the process started. The ... http://www.ocrealtyblog.info/loan-modificationloss-mitigation-partnership-orange-county/ Here is some positve news from the OC Register and various internet articles over the past week: Fed Plans Spark Drop in 30-Year Rates:  The average interest on a 30-year mortgage fell to a 38-year low of 4.85 percent during the week ending March 27 from 4.98 percent the prior week, ... http://www.ocrealtyblog.info/upbeat-economic-indicators-give-americans-hope-that-the-worst-may-be-over/ RISMEDIA, - This spring, as it becomes a popular time for homeowners to begin preparing their homes for sale, Showhomes encourages them to do some essential steps to make sure the most important first step takes place: buyers make the decision to view the home. “Many people think all they have to ... http://www.ocrealtyblog.info/5-tips-for-selling-a-vacant-home-in-orange-county/ Hire only licensed contractors. Check contractor's license number at 800-321-2752 or www.cslb.ca.gov. Get three references & review past work. Get at least three bids. Get a written contract & don't sign unless you understand the terms. Pay 10% down or $1000, whichever is less. Don't let payments get ahead of work & keep records. Don't make final ... http://www.ocrealtyblog.info/10-tips-to-make-sure-your-contractor-measures-up/ Federal Tax Credit for Home Buyers:. For first time home buyers (those who haven’t purchased in the last 3 years). Eligible for up to $8000 or 10% of purchase price, whichever is lower.. Tax credit starts to phase out on income above $75K for individual/$150K for couples.. Must live in ... http://www.ocrealtyblog.info/3-great-home-buying-incentives/ Steps to the ocean, this San Clemente community has 4 plans and 1BR-3BR, single-level detached condos with ocean views. Type of Housing:  Single Family Detached, with homes ranging in size from 1,064 SqFt up to 1,260 SqFt and 1 car attached and detached garages. Number of Homes in this Retirement Community:  approximately ... http://www.ocrealtyblog.info/colony-cove-by-the-sea-senior-community/ There are numerous senior citizen residential ownership communities in south Orange County that offer a wide variety of styles, floor plan options and prices.  There is only one such retirement housing community in Laguna Niguel, called Monarch Summit II.  One of the desirable attributes is the community of Monarch Summit II ... http://www.ocrealtyblog.info/monarch-summit-ii-senior-community/ At the top of the most frequently asked questions’ list is, “How will we know when the market has ‘bottomed out’ and we should buy a home?”Historically, two major indicators that a market has bottomed out are: a decline in the number of listings and an increase in listing and ... http://www.ocrealtyblog.info/has-the-real-estate-market-bottomed-out/