National Mortgage Settlement Affects Pasadena Home Inventory

Now that we understand what Shadow Inventory is and how the Robo Signing fiasco created a backlog of distressed homes waiting to be released on the Pasadena real estate market, let's take a look at what role the National Mortgage Settlement plays in all of this.

National Mortgage Settlement ...

How Will Shadow Inventory Affect Your Home Price?

A couple of weeks ago, federal government and Attorneys General in 50 states reached a settlement with major banks called the National Mortgage Settlement.  I’m sure you have read and seen from the newspapers and on tv about the current state of affairs in the real estate market and ...

FHA Loans More Expensive?

Many Pasadena home buyers turn to HUD for their FHA financing to purchase their home with minimal down payment. Unfortunately, April 1, 2012, these loans will be significantly more expensive.

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The cost of borrowing is ...

Mortgage Debt Forgiveness - What IRS Wants You to Know

Did you short sell your Pasadena home last year?

If so, the lender wrote off some debt to make your home sale happen.  The question that comes up is "Do I have to pay taxes on the amount that the lender wrote off?"  It depends... Canceled debt is normally taxable ...

Largest Mortgage Settlement Deal in History - Do You Qualify for Relief?

Today, Federal and State officials announced the largest mortgage relief settlement, $26 billion dollars, aimed to address the robo-signing scandal where banks seized foreclosed homes without appropriate paperwork.  The deal settles potential state charges about allegations of improper foreclosures.

What does it mean for you?

The settlement sets up a ...

4 Tips on First-Time Homebuyer Credit Repayment

Pasadena first time homebuyer in 2008? Did you buy your Pasadena area home under the The Housing and Economic Recovery Act of 2008?  If so,  you most likely received up to $7,500 which needs to be repaid over 15 years. It is very different from the Obama's stimulus ...

Looming FHA Changes are on the Horizon

Federal Housing Administration (FHA) has been instrumental in helping first time home buyers achieve their dream of home ownership.  Over the last several years, we've been seeing many changes in programs offered.  As we start 2012, we see that this year is no different - the changes are coming.

READ ...

Luxury Home Buyers: High Balance Loan Limits are Expiring!

Are you in the market for a luxury home in the Greater Pasadena area?  If so, you need to be aware that effective September 30th of 2011, High Balance Loan Limits that have been in effect for awhile now will expire.

What does this mean for you? It means that ...

3 Must Know Steps to Buying a Pasadena Home Hassle Free

Our Pasadena area real estate website is visited by thousands of home buyers daily.  All of them with one purpose - finding a Pasadena home for sale that is right for them at the best possible price.   However, home buying can be very stressful.  So what can you do to take ...

Home Buyers - Do You Need An Arm?

Guest Author: Mondie Pic'l

Years ago when ARM’s (adjustable rate mortgages) were a novelty I did an advertising piece with a picture of the Venus de Milo (the statue with no arms) asking:

Do you need an ARM?

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