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Find A Realtor Referral

Created by Scott Schang Aug 3, 2008 at 12:29am. Last updated by Scott Schang Aug. 3, 2008.

Find Down Payment Assistance

Created by Scott Schang Aug 3, 2008 at 12:20am. Last updated by Scott Schang Aug. 3, 2008.

Get Pre-Approved Now

Created by Scott Schang Aug 3, 2008 at 12:17am. Last updated by Scott Schang Aug. 3, 2008.

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Introduction to CalSTRS Loan Programs

Added by Scott Schang
CalSTRS 80/17 Loan Program

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What you need to know about Home Loans

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Pappy in the Sun

by Scott Schang

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Empowering Home Buyers Through Ongoing Education

We are a community of Real Estate Professionals committed to empowering home buyers by providing ongoing education, tools, resources and insider information that many real estate agents and lenders don't want you to know.

We are here to expose all of the secrets about finding and choosing the best loan for you, what down payment assistance programs are available to you, where the best places to buy are, what you need to know about short sales and buying foreclosures and much, much more

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Blog Posts

What you should know about Buying Foreclosure Homes in California

Buying foreclosed properties is quite a bit different from making an offer on a short sale. Unlike a short sale, the price of the home has been set by the bank and is not a “guess” by the seller in hopes of getting offers to buy their home.

Once the bank forecloses and owns the property it is listed with a Real Estate Broker to sell. Any pending offers made prior to the foreclosure are now disregarded. A short sale offer is an offer to purchase from the current owner, which in turn must have th… Continue

Posted by Scott Schang on August 11, 2008 at 11:56pm

CalHFA Reduces Interest Rates - August 8th, 2008

In such a volatile market as we’re in right now, on a day when conventional interest rates went up .125%, The California Housing Finance Agency in an unprecedented announcement reduced interest rates across the board.

Rate Reductions are as follows:

30 Year Fixed

* Moderate Income Areas Reduced .125% to 6.75%
* Low Income Areas Reduced .25% to 6.5%

35 Year interest only PLUS

* Loan Amounts of $450,000 or Less Reduced .125% to 7%
* Loan Amounts in excess of $450,000 Reduced .25% to 7.375%

4… Continue

Posted by Scott Schang on August 11, 2008 at 11:30pm

Important information about Buying a Short Sale - How to make an offer and get it accepted on a Short Sale or Short Pay in California

I want to give you a perspective on buying short sales and short pays that will give you more control of the transaction. Short Sales and Short pays are becoming more and more common in this real estate market and my best guess is that over 70% of what you are finding when you search for homes are either short pay / short sales or foreclosure / REO homes.

The seller and seller's real estate agent are an important part of the short sale process. The number one thing i hear from "agents" is that… Continue

Posted by Scott Schang on August 11, 2008 at 11:30pm

Any fans of Mid-Century Modern homes?

I have lived in my Eichler home in Orange for the past seven years. I had no knowledge of Eichler homes when I bought it but I fell for the great single story layout around the central atrium and the many walls of glass. So much natural light, such great views to the outside!

The bonus of owning my Eichler is that the neighborhood is full of creative, friendly people who love their Eichlers and love sharing tips on remodeling and maintaining these nearly 50 year old homes. Our passion for these… Continue

Posted by Vickie Covey on August 6, 2008 at 4:30pm