Making a Difference, One Family at a Time
I wanted to share with you a heartwarming story that happened this week, right here in San Diego! As a mortgage lender, my primary focus is to get people home, and this week that was taken to a whole new level! It was over a year ago that I got a call from one of my […]
What is Escrow?
Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the […]
What is the Difference Between a Short Sale and Bank Owned Homes?
Clients often ask me what the difference is between a short sale and a bank owned home or REO so I thought that it would be helpful to bullet point that for your information. In a short sale situation the home owner is still the seller whereas with a bank owned or REO home situation […]
Homepath Financing 101
Homepath financing is not only available to buyers but it’s an amazing product that FannieMae offers on some of their bank owned foreclosures. Key points, 3% down, no appraisal, no monthly mortgage insurance, up to 6% seller concessions towards closing costs, 10% down for investors, honestly…it’s amazing! Call me to get more information!
Basics of a Short Sale
Short Sales: The Basics A short sale is when a home is sold for less than the amount owed on the mortgage for the home. This occurs when the bank agrees to take less than the full amount due on the mortgage. A seller does not have to be behind on a home loan to seek a […]
