Redfin housing report

L.A. Housing market improving again. Sales are up; prices are up and so is inventory. click here to read the whole article about sales in L.A. and other parts of the county. Damn- i wish i had not sold my houses in Denver when i moved here....

No tax return loans

Credit is easing up Just heard an ad on the radio for Cash Call Mtg company talking about loans with no tax returns. This is a good thing. you have to put 20% down and it’s 5%. You can do a purchase or re-fi with cash out. It’s not a liar loan. You have to...

Lending is loosening

Borrowers inching back into Cash-Out Refinancing The first quarter of 2015 was the third in a row that more than half of the refinances funded through Freddie Mac were cash out transactions.   The company said that 27 percent of its refinancing loans were cash out...

Don’t trust anyone- part 2

Always verify everything in real estate. My house closed escrow today. I have told you in the past that you have to verify everything that the realtor tells you about comps and everything the seller tells you about EVERYTHING. In addition, everything the lender tells...