A common question home buyers have today is: How long must I wait before obtaining financing after a short sale, foreclosure or bankruptcy? Below is an overview by loan type of this information. FHA loans: Foreclosure: 3 years from completion date Short Sale: no restriction if the borrower was current at the time […]
Fresno, CA Property management: If you are not under water, rent your home while the market is rising
Fewer borrowers nationwide owe more on their mortgages than their homes are worth, providing a boost to the housing recovery, according to a new report. Roughly 200,000 borrowers escaped their “negative equity” positions during the final three months of last year, said real estate data provider CoreLogic. During all of last year, 1.7 […]
Is a tenant required to Pay Rent to a Landlord with a notice of default filed in CA?
Senate Bill No. 1191 CHAPTER 566 The short answer is YES. This law, text below requires landlords in default to disclose to prospective tenants. [ Approved by Governor September 25, 2012. Filed Secretary of State September 25, 2012 LEGISLATIVE COUNSEL’S DIGEST SB 1191, Simitian. Landlord-tenant relations: disclosure of notice of default. Existing law generally regulates the hiring […]
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