Lancaster short sale- just listed and a great opportunity for someone looking for a diamond in the rough. This Large 4 bed, 2 ba corner lot- is over 2,000 sq ft! It has a cozy brick fireplace in living room, large kitchen that opens to family room, and a large backyard with a tree house. Plenty of room for entertaining- inside and out! Contact Midas Realty Group for private viewing or for information on selling your home (standard sales and short sales) 800-546-2289 http://MidasRealtyGroup.com If you are a homeowner with questions about a short sale, call now and an expert at short sales will answer your questions 800-546-2289.
Another Anaheim condo sold by Midas Realty Group. 415 Beth, #A – This end unit in the Village Green Townhomes. Completely remodeled and move in ready! New cabinetry and granite counters in kitchen, fresh paint throughout, crown molding, recessed lighting, laminate floors. Bat…h and shower has been completely redone with Jacuzzi tub. One car garage with direct access through kitchen plus a parking space right outside of the unit. Ice cold air conditioning, and washer dryer hookups in garage. This Unit was on a quiet cul de sac and just a short walk to the pool, hot tub, and playground. This area is close to the 91, 57, and 55 freeways for easy commuting, walking distance to schools, and close to shopping, restaurants, and entertainment. Call Midas Realty Group today to inquire about buying or selling a home 800-546-2289
Twentynine Palms home for sale by Midas Realty Group. 4 bedroom Short Sale property- located in the Chocolate Drop area of Twentynine Palms. Large gated lot- homes needs work including appliances and condition may effect financing.
If you are interested in buying or selling a property Contact Midas Realty Group http://midasrealtygroup.com/ 800-546-2289
Anaheim condo sold by Midas Realty Group- this time at 419 Park Vista, A in Anaheim. This Anaheim condo was a 2 bedroom, 1.5 bath, coroner unit and sold for $283,000. Thinking of selling your Anaheim home? Call us today, and we can sell yours too! Find out how much your home is worth? Visit our website at http://midasrealtygroup.com/ for a free home evaluation or call now 800-546-2289. Hundreds of Buyers are waiting to purchase homes in and around Anaheim. If you are thinking of downsizing, upsizing or entering into homeownership, we cal help!
Just sold another short sale- this time at 14466 Chipolte, Adelanto. This property was a 3 bedroom 2 bath, stripped of air conditioning and vents. Whether you have equity or not, downsizing, up-sizing or relocating…. contact Midas Realty Group to sell your home 800-546-2289
Southern California counties posted an overall rise in property values in 2013 compared to 2012 with 3+ % gains posted in the 5 major counties. Los Angeles with a 4.7% increase and Riverside with 4.1% increase led the way in the rise- with Orange County at 3.6%, San Diego at 3.2% and San Bernardino at 3%. Of course rising property values will mean rising property taxes. If you are curious as to your home’s current value, give us a call at 800-546-2289 or fill out one of our online forms for a free evaluation and report.
FHA – Federal Housing Administration published a mortgagee letter August 15 stating borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale may now reenter the market in as little as 12 months.
All borrowers who experienced a foreclosure were required to wait at least three years before potentially qualifying for an FHA loan, but with the new guideline, certain borrowers who lost their home as a result of an economic hardship may be considered for financing in as little as 12 months after the release from the property.
For borrowers who went through a recession-related financial event, FHA stated it realizes “their credit histories may not fully reflect their true ability or propensity to repay a mortgage.
In order to be eligible for the more lenient approval process, provided documents must show “certain credit impairments” were from loss of employment or loss of income that was beyond the borrower’s control. The lender also needs to verify the income loss was at least 20 percent for a period lasting for at least six months.
Additionally, borrowers must demonstrate they have fully recovered from the event that caused the hardship and complete housing counseling.
According to the letter, recovery from an economic event involves reestablishing “satisfactory credit” for at least 12 months. Criteria for satisfactory credit include 12 months of good payment history on payments such as a mortgage, rent, or credit account.
The new guidance is for case numbers assigned on or after August 15, 2013, and is effective through September 30, 2016.