For the estimated 200,000 Bank of America loan customers who meet the following criteria — their loan is owned or serviced by Bank of America, they currently owe more on the mortgage than their property is worth, and they who are at least 60 days behind on payments as of the end of January — [...]
More Real Estate Stories
Real estate is a business driven by definitions. In this article, Realtor Marty Rodriguez describes some of the most popular housing styles and options homebuyers might encounter in their search for the right home.
While reasons for conducting appraisals have not significantly changed — to provide a professional opinion of value so that the lender doesn’t lend too much on a property and the buyer doesn’t overpay for the property — much about the actual appraisal process has. The first big change came May 1, 2009, when Fannie Mae and [...]
After finding the home of your choice and submitting your mortgage application, your lender will order an appraisal on the subject property. An appraisal is needed because unlike corporate stock, whose daily value is known to the penny, a home isn’t on the market every day. Therefore, a professional appraiser is hired by the lender and [...]
Talk about sticker shock! When Glendora Realtor Marty Rodriguez and her neighbor inquired about replacing their 30-year-old septic tanks and connecting their ranch-style homes to the city sewer system, they got an estimate for $150,000, or $75,000 apiece. Despite the exorbitant estimate, they decided to green-light the project. “It would cost even more to repair the septic [...]
This pride-of-ownership three-bedroom home on 3379 Logan St. is located in a popular area of La Verne, close to shopping and city parks. Besides great curb appeal, it features beautiful gleaming hardwood floors, newer windows, tile roof, and newer air conditioning and a water softener. The kitchen is a large family style kitchen with a newer stainless [...]
If you’re one of the millions of Americans who owe more on your mortgage than your home is worth – estimated to be more than one-third of all current homeowners – you’ll benefit greatly by attending the free Homeowner Outreach Assistant Program (HOAP) workshop at the Citrus Valley Association of Realtors in Glendora on Aug. [...]
La Verne, Calif., has been listed in the current issue of Family Circle magazine as one of the “10 Best Towns for Families.” Family Circle is the nation’s ninth largest magazine with a circulation of more than 5 million readers. “In our yearly roundup of perfect places to raise kids, we salute these communities for their [...]
Mary Stratton (not her real name), a divorced mother of two, was out $5,900 after writing a check to cover the first and last month’s rent and the security deposit on a 3-bedroom, 2-bath Upland, Calif., home she thought she was leasing from the nice homeowner who handed her the keys. It turns out the friendly, [...]
Before the June 8 primary election this week, there was another important vote that may ultimately have a bigger impact on La Verne than who residents think will make the best Governor, U.S. Senator or 59th District assembly person. On Monday, June 7, the City of La Verne tallied the ballots of homeowners from Rancho La [...]