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Negotiating skills vital to home purchase (San Francisco Chronicle)
For Bay Area home buyers, negotiating used to mean deciding how much above the asking price to offer. But as home prices have skidded to their lowest level in more than four years, real estate experts say the rules have changed. "It's not like it was a few...
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Realty Q&A: How to get a no-hassle FHA purchase-rehab mortgage (Market Watch)
I'm trying to obtain a loan for a home purchase -- I am not a flipper -- and I have been unable to find anyone who knows about the FHA Streamline K loan. How can I go about finding a lender familiar with this type of mortgage?
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U.S. home foreclosures hit record level, boosted by California (Los Angeles Times)
A sharp drop in prices is cited, along with the resetting of ARM loans in California and Florida. The decline of housing markets in California and Florida has led to record numbers of foreclosures and is causing even good borrowers to pay more for loans, according to analysis and statistics released Friday.
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Paulson Engineers U.S. Takeover of Fannie, Freddie (Update1) (Bloomberg.com)
Sept. 7 (Bloomberg) -- The U.S. government will take control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to bring down the companies making up almost half the U.S. home-loan market.
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Caretaker's a lifesaver: How do I sell her my house? (Lodi News-Sentinel)
Q: I inherited a home from a family member, and there is no mortgage. The house is in California, and I am in Georgia. The caretaker who was instrumental in taking care of my elderly aunt prior to her death wants the house but would not qualify for the mortgage based on her income/assets.
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Around the County (San Bernardino Sun)
Sheriff's deputies arrested four men Aug. 29 after finding a gun and methamphetamine in a convicted felon's home where children were living. San Bernardino County sheriff's deputies were called to a home in the 11700 block of White Avenue to help animal-control officers with an uncooperative man.
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Norwalk Furniture potential buyer says deal is off (The Plain Dealer)
Stuart Lichter, the California developer who had been negotiating to purchase Norwalk Furniture Corp. and save its 876 jobs, confirmed Thursday that the deal has collapsed.
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CalHFA expands help to first-time buyers in Alameda County foreclosure areas (BizJournals)
First-time home buyers in Alameda County now have access to a special California Housing Finance Agency program designed to help them purchase homes in communities hit hardest by foreclosures.
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Local Business News In Brief (Saint George Spectrum)
ST. GEORGE - Tom Rutter, Branch Manager of the Southwest Region of Wells Fargo Home Mortgage would like to take this opportunity to welcome Joe and Tracy Jensen to the St. George office, located at One South Main. Joe and Tracy have twelve plus years experience in the mortgage banking industry and will function as a Retail Sales Management Team. Please contact Joe or Tracy at 674-8153 or cell ...
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BREAKING NEWS - Report says Furniture deal off (Norwalk Reflector)
Lichter, in a phone conversation this morning from Southern California, said he has ended his effort to acquire the Norwalk-based maker of quality home furniture, the newspaper reported.
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