March 2007 - Posts
March 2007, Month of Highest Notices of Default During last six months of Default Notices tracking March 2007 ranks the highest. There were 1241 homes into default a compared to 814 in Oct. of 2006. This is clearly a result of higher home prices and over
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Changing mortgage practices Up until recently any one could buy a house, even with FICO score of 580, and recent bankruptcy as long as it has already been cleared. Stated income, no documents and no money in the bank - one could still get a kind of loan.
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Higly Upgraded House • 2,100 sq. ft., 3 bath, 3 bdrm 2 story Built in 1996 "Flat level first and second floor" - MLS® #P565661 $720,000 - Make an offer Brea Chem, Brea - A Highly upgraded, corner lot, 3 bed, 3 full bath 2 car garage,
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Who is to Blame? Lenders are tightening their underwriting guidelines, requiring increased FICO scores for qualification, getting rid of sub-prime loans, but for now it is too late in the scheme. It was surprising to see that big lending companies, who
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