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MORTGAGE RATE

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Latest Home Price By County in California

The Ranking of Median Home Price of California Counties: San Mateo – $825,000 Marin – $823,980 San Francisco – $741,850 Contra Costa – $698,810 Orange – $567,910 Santa Cruz – $495,000 Alameda – $493,240 Santa Barbara – $477,780 Ventura – $429,520 San Diego – $388,100 San Luis Obispo – $387,500 Sonoma – $359,570 [read more ...]

2012 be the Record Year for Short Sales

2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac.

2012 will be the record year for short sale foreclosures

Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A [read more ...]

San Pedro bluff is disappearing slowly sliding into the sea

San Pedro bluff is disappearing slowly sliding into the sea. While the IRS do not consider ‘Land’ to be a depreciative item in their book, but not in this case. When nature decided to ‘foreclosure’ and taking the land back, we can only do so much to fight against it. I had seen [read more ...]

Bill would encourage foreigners to buy U.S. homes

A house in San Marino, where median home prices have risen — largely because of Asian home buyers and investors — even as real estate values in the region have declined. (Gary Friedman, Los Angeles Times / January 27, 2011)

Article from L.A. Time. This could be a help of our depressed market. [read more ...]

DENIED!! Home Buyers Rejection Rate High

The title for this NY Times post is “Triggers for Rejection” – about 2 millions wanna be home owners got rejected on the loan process due to various reasons.

Here’s a few tips and remedies to improve your chance to get approval:

1) Insufficient income – Remedy : buy a house that [read more ...]

Don’t Get Scammed! Real Estate Mail Fraud Scam.

Don’t Get Scammed! Real Estate Mail Fraud Scam.