DEAR SUMMER

Well its that time in the season when the weather seems to get more interesting and temperature rises. Why is it more intersting? because the heat sometimes brings people to be in bad moods and also tends to slow people down, as for me its just great to be in the summertime and especially in California because we have the best weather and even though it gets a little warmer we can't complain because the summer is the time for many out of town tourists who try to escape from their bad weather. so next time you are in california and have lived all your life dont complain that the air conditioning does not work or that its too hot for you to work. just write Dear summer these are the best times of your life thank you. Always dont forget the sunscreen.

HECTOR ORTIZ

CONSEJOS LEGALES

CONSEJOS LEGALES

• Si Usted va a comprar un inmueble, asegúrese que este se encuentre debidamente inscrito en el Registro de la Propiedad Raíz a favor de la persona que se lo va a vender, y que, además, no esté afectado por alguna hipoteca u otro gravamen que ponga en riesgo el quieto y pacífico uso, goce y disposición del mismo, al grado que incluso podría llegar a perderse la propiedad. • Para ello, es necesario que antes de firmar un contrato de compraventa o de promesa de compraventa, se realice una investigación en el Registro de la Propiedad Raíz correspondiente, o que se solicite en el mismo una "Certificación Extractada", que informe sobre la situación jurídica en que se encuentra el inmueble.

DERECHOS COMO CLIENTE

DERECHOS COMO CLIENTEA partir del 1° de enero de 2003 entró en vigor la Ley de Transparencia y Fomento a la Competencia en el Crédito Garantizado, la cual permite a los interesados en adquirir un inmueble comparar de forma sencilla las opciones crediticias existentes e....

What is a short sale?

The term "short sale" refers to a transaction where there are insufficient funds generated from the sale of the property to cover all the seller's closing costs, the payoff of existing loans and or liens of record, and the seler is not in a position to deposit funds to make up the shortage (difference). An existing lien holder that agrees to a short sale will typically take the sellers proceeds after payment of the costs of sale, as approved by that lien holder.

Dealing with high prices for homes

I feel that the housing boom has done some serious harm. Prices have inflated so greatly that first-time home buyers (like me) are doomed. I'm in my late twenties, I make an honest $43,000 a year and I have excellent credit. But buying a home seems completely out of reach. What is the future for first-time home buyers?Answer: There might be no future — at least where you live today. Sometimes the only answer is to move, either farther from the urban center where you live now or away from expensive cities entirely.Of course, you may have other options. There are federal, state and local programs that encourage first-time home buyers, offering low-interest loans and other subsidies. A visit to the National Council of State Housing Agencies at http://www.ncsha.org can get you started looking for programs that might help you.But if homeownership is important to you and you can't swing it where you are now, then you need to explore other options. There are still plenty of areas, particularly in the Midwest and the South, where you can buy a decent home for $125,000 or less. The National Assn. of Realtors' median home price survey, available at http://www.realtor.org , can help you narrow down the possibilities.

Taking a loan so mom can buy a home is a bad idea

My mom keeps hinting that I should help her buy a house. Here's the situation: I live at home with my mom, brother and loser stepdad. My mom's credit isn't fabulous so she wants to have me apply for the loan and she and her husband would pay for it.


The catch is that he's a bit of a deadbeat, and my mom may eventually file for a divorce. I'm not worried about not making the mortgage payment. My mom and I could cover that on our own. If I take out a loan and put her on the deed, can he get half of the house if they divorce? What other things can go wrong here?Answer: Other than just about everything, you mean?What your stepfather could get depends on a number of factors, including how you structure this arrangement and what state you live in. In community property states, such as California, assets acquired during marriage generally are considered joint assets. In other states, "equitable-distribution" principles are used in divorce cases, and a judge could decide the house is fair game. Even if divorce weren't a factor in this equation, your mother's bad credit is. If she hasn't paid her bills in the recent past, what makes you think she'll keep her end of the deal now? Unless you can cover every mortgage payment entirely on your own, you shouldn't even consider this arrangement. You might not be able to pull it off, even if for some reason you decided to proceed. If you want a lender to consider only your credit history — and not your mother's — then typically only your income would be used to determine how much of a loan you can get. What's especially troublesome, though, is that your mother would bring up this scheme at all. She wants to use you and your good credit to pull off something she can't accomplish financially on her own. .

free market analysis of your home townhome

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