|
W.J. Bradley Mortgage Capital CorpThe Home Loan Place with Great Mortgage Rates |
| Home Loans | About Us | Mortgage News | Contact Us |
|---|
What happens if a buyer, seller or borrower fails to provide the requested Statement of Information?
Per the California Association of Realtors® contract, sellers are required to provide the Statement of Information to their Escrow Holder within 7 days of acceptance of the contract. Without a Statement of Information, it would be necessary for the title company to list as exceptions from coverage judgments, liens or other matters which may affect the property to be insured. Such exceptions would be unacceptable to most lenders - whole interest must also be insured, and will prohibit the close of escrow.
[From my friends at Lawyers Title]
2010-08-02 Economic Roundup
- New home sales bounced back in June - but still a long way to go
- Consumer confidence decreased in July
- Concerns about business conditions and the labor market are casting a dark cloud over consumers that is not likely to lift until the job market improves
- read more...
2010-07-26 Economic Roundup
- Sales for existing homes dropped during June
- Real estate watchers should expect the market for existing homes to show lackluster performance until other economic conditions improve
- Construction permits for building new homes issued during the month also increased in June, by 2.1 percent
- The mixed performance between increased permits issued and actual starts comes down to confidence
- read more...
2010-07-19 Economic Roundup
- Retail sales saw a drop for June - largely attributed to automotive sales
- The producer price index (PPI) for finished goods fell 0.5 percent in June
- Another notable drop was food prices, which fell 2.2 percent
- read more...
2010-07-12 Economic Roundup
- Consumer credit was down for the month of May, despite low interest rates
- Retailers reported mixed performance at the cash register for June
- Department stores and chains aimed at younger buyers led the month in sales with warmer weather and summer sales promotions
- read more...
2010-06-30 Home Loan Mortgage Rates
Home loan mortgage rates are the best they've been in 39 years, largely due to the weak global economic climate. The most recent impetus has been was started out as a Greek Tragedy and has spread through most of Europe, leading to a flight to the safety of U.S. Bonds. read more...
2010-06-28 Economic Roundup
- Still buoyed by the federal tax credit, sales of existing homes in May continued to perform at a healthy pace, but were slightly down from April
- NAR's statistics for June's existing home sales, once tallied, could continue to benefit from the lingering effects of the tax credit
- On the opposite side of the spectrum, sales of new single-family homes for May plunged by a precipitous 32.7 percent
- All in all, May was the slowest month for new home sales in 47 years
- The drop in sales volume for May was accompanied by an improvement in price performance
- read more...
2010-06-21 Economic Roundup
- Consumer prices for May were down
- Fed will most likely wait until 2012 before it raises interest rates
- Producer price index for finished goods dropped by 0.3 percent
- Permits for privately owned homes dipped
- Starts on construction of private housing units in May dropped
- read more...
2010-06-14 Economic Roundup
- Consumer credit for April was on the rise
- Wholesale trace also on the rise
- This week, monitor the headlines for news on export and import prices
- read more...
2010-06-07 Economic Roundup
- Auto sales for May were surprisingly positive
- Spending on construction surged by a surprising 2.7 percent
- Experts chalk up the April surge to the tax credits
- read more...
2010-05-31 Economic Roundup
- Existing home sales were once again on the rise in April
- Conference Board's Consumer Confidence Index for May saw a third consecutive monthly gain
- Keep an eye on the headlines for news updates on construction spending
- read more...
2010-05-24 Economic Roundup
- New home construction was a mixed bag for the month of April
- Consumer prices experienced a slight yet unexpected downturn during April
- read more...
2010-05-17 Economic Roundup
- Retail and food services sales for April edged up slightly
- Industrial production saw similar performance in April
- The increases in manufacturing continued to be broadly based across industries
- The trade deficit increased in March
- read more...
2010-05-10 Economic Roundup
- Personal income and spending both increased for the month of March
- Personal consumption expenditures (PCE) increased
- Construction for March showed a healthy performance
- Watch for news on wholesale inventories
- read more...
2010-05-03 Economic Roundup
- First-quarter GDP saw a slight slowdown
- Real estate sales showed solid gains for March
- read more...
| REO Bulk Sales | Martial Arts Equipment affiliate |