Amy's Blog

CalHFA and Short Sales

I wanted to share some thoughts on CalHFA short sales. They are different from other lenders, and are very strict on how the calculate hardships. I've heard, time and time again, from colleagues, that CalHFA never approves short sales. If a borrower's income has not...

Sitting on the Market

Everybody is hearing stories of listings selling in days, even before they hit the market. There are multiple offers, reminiscent of the good old days. "There's no inventory," is the common cry lately. Then why are there still properties sitting on the market for 4...

Home Buyer Tip of the Day

When negotiating a contract on a home, everything must be agreed on or you don't have a fully executed contract. Well, actually almost everything. There is one clause in the contract that if one party initials and the other party does not, you still have a deal. This...

Two FHA premiums to go up

The upfront insurance premium charged on FHA-insured mortgages for home purchases will increase from 1 percent to 1.75 percent on April 9, and the annual FHA mortgage insurance premiums will rise by one-tenth of a percentage point.

House Hunting Tip of the Day

Not only is it a good idea for buyers to check the permit history on a home before they buy, but sellers are wise to check the permit history on their homes before putting them on the market. This way, they can correct any permit issues before the listing goes public....

Charming Town Home in North Redondo

I previewed a town home last week in North Redondo that I really liked. It's in an 8 unit complex at 1917 Nelson Ave. It had a couple of nice features that made me slow down and pause in an otherwise fast paced, blurry afternoon of Brokers' Opens. First, there was a...

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