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Buying a Foreclosure Foreclosed and foreclosing properties dominate many of today’s U.S. real estate markets—more than four years after the sharpest observers saw the market shift coming, and more than two years after the reality hit home for millions of American home owners. The recent Distressed Property Buying Survey unearthed great information about where the opportunities [...]

Olivias is one of my favorite Mexican Restaurants in Riverside they offer great quality mexican food. I would highly recommend Olivias Mexican Restaurant to anyone looking for quality Mexican Food in a friendly inviting environment. Olivias Mexican Restaurant 9447 Magnolia Ave, Riverside, California 92503 Phone: (951) 689-2131 Web Site: OliviasMexicanRestaurant.com See what others are saying about Olivias [...]

The national housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the country. NAR President Moe Veissi states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth in home prices.” However, rising demand [...]

Photo: Housing tracts in Aliso Viejo. (Marc Martin / Los Angeles Times ) Article By E. Scott ReckardJuly 19, 2012, 7:50 a.m. The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac's survey of what lenders are offering to well-qualified borrowers. With the Federal [...]

Home values rise for first time in 5 years Well after a bumpy road it looks like we might start to see things settle down. NEW YORK (CNNMoney) -- Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median [...]

EARNEST MONEY. A sum paid by a potential buyer to demonstrate that the buyer is serious about buying. If a contract is executed, the earnest money is credited toward the purchase price at closing. Make sure you know the terms of your contract.

EASEMENTS. Rights of way granted to persons or companies authorizing access to or over the owner's land. For example, utility companies may have easement rights to install pipes or wire on or over your land.

ENCROACHMENT. An unlawful intrusion onto another’s adjacent property by improvements to real property, e.g. a swimming pool built across a property line.

ENCUMBRANCE. Anything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements.

EQUITY. The value in excess of all indebtedness against the property.

ESCROW. A system or document of transfer in which a deed, bond or fund is delivered to a third party to hold until all conditions in a contract are fulfilled.

EXCLUSIVE AGENCY LISTING. A listing agreement employing a broker as the sole agent for the seller of real property under the terms of which the broker is entitled to a commission if the property is sold through any other broker, but not if a sale is negotiated by the owner without the services of an [...]

EXCLUSIVE RIGHT TO SELL LISTING. A listing agreement employing a broker to act as agent for the seller of real property under the terms of which the broker is entitled to a commission if the property is sold during the duration of the listing through another broker or by the owner without the services of [...]

FANNIE MAE An acronymic nickname for Federal National Mortgage Association (FNMA), or Fannie Mae. A quasi-public agency converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market.

FEDERAL HOME LOAN MORTGAGE CORPORATION. Aka Freddie Mac. An independent stock company which creates a secondary market in conventional residential loans and in FHA and VA loans by purchasing mortgages.