October 2013 Market Update

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August 2013 Market Updat

FHA has recently changed their guidelines to allow purchase of a home after one year from the date of a fore-closure or short sale, if you can document the fact that the property transfer was the result of an economic event such as job loss or loss of income. . Don’t wait . . . . Call today to find … [Read more...]

Angels Camp Median Sales Price

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Valley Springs Median Sales Price

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San Andreas Median Sales Price

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A-B Terms

A Acceptance - A buyer's or seller's agreement to enter into a contract and be bound by the terms of the offer. Additional Principal Payment - A payment made by a borrower of more than the scheduled principal amount due, in order to reduce the outstanding … [Read more...]

C Terms

C Call Option - A provision in a loan that gives the lender the right to accelerate the debt, and require for full payment of the loan immediately, at the end of a specified period or for specified reason. Cap - A provision of an adjustable-rate mortgage (ARM) that limits how much the interest … [Read more...]

D-E Terms

D Debt - An amount owed to another. See installment loan and revolving liability. Deed - The legal document conveying title to a property. Deed-In-Lieu - A deed given by a borrower to the lender to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance." Deed Of Trust … [Read more...]

F-G Terms

F Fair Credit Reporting Act - A consumer protection law that regulates the disclosure and use of consumer credit information, establishes rules for credit reporting to consumer credit reporting agencies, and establishes procedures for a consumer to view his or her credit report and correct … [Read more...]

H-I Terms

H Homeowner's Insurance (Hazard Insurance) - Insurance coverage that compensates for physical damage to a property from fire, wind, vandalism, or other hazards. The policy typically combines personal liability insurance and property hazard insurance coverage for a dwelling and its contents. See … [Read more...]