Are House-hunting Priorities Different for Women and Men?

ZipRealty conducted a survey in June that highlights where men and women differ in their house-hunting priorities.  Overall it seems the survey respondents had fairly similar priorities.  I wonder if any of them were house-hunters from the Tehachapi area. It is interesting to note that men are not focused on “man-caves” or home theater rooms.  Instead, they are even more interested than women in a nice master suite.   Would you be surprised to know that women placed a higher priority than men on a…

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Foreclosure Alternative?

There’s been lots of talk about how to get out from under a mortgage that is more than the value of your home.  One of the possible choices is a short sale. definitely a better choice than foreclosure.  Another choice that may be often overlooked is a deed-in-lieu-of-foreclosure, or deed-in-lieu for short. Choosing a deed-in-lieu might be a viable option for many.  It allows you to cancel your mortgage in exchange for turning over the deed to your house.  In most cases, it is a…

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What is a Short Sale?

Lots of people have questions about short sales.  What is it? How does it work? Is it good for me as a buyer?  Is it good for me as a seller?  None of the answers are easy, but let’s try to sort out some facts. What is a short sale? A short sale situation exists when a homeowner owes more on his property than it’s value.   For example, a homeowner purchased a home in 2005 for $350,000 and wants to sell it now.  If…

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How Long Before You Can Buy After Foreclosure?

After foreclosure: How long until you can buy again? The short answer is: it depends.  If you are a Tehachapi or Kern County homeowner that is in foreclosure or has already lost their house, you may be able to purchase a home again is 2 to 7 years. Getting a mortgage to finance a home after foreclosure is possible for most homeowners. If you defaulted on your mortgage due to economic hardships, such as job loss, you may receive approval for another mortgage in as…

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