Which State Has the Highest Credit Score

A recent survey conducted  by Mortgage Marvel, a nationwide online mortgage-shopping service showed that Californians have the highest credit scores on average across the country. This is almost hard to believe as we also have a large number of foreclosures. If you look at the population in California, ti is the highest of any State and that may be the reason. It is all in how the numbers are crunched.

The average credit score in California is 755, 20 points higher than the national average. Hawaii came in second at 752, and next in line is Oregon with an average score of 751. All 3 areas are relatively close in the scores.

The Southeast region showed the lowest credit score rating with  Mississippi being the lowest with a score of  695.  All in all considering the  economy and the hardships many have endured over the past few years, these credit scores are not that bad.  According to many loan officers I speak with a credit score is the 700’s is pretty decent, and those in the mid to high 600’s can still get a mortgage loan.

Source: DSNnews.com

How To Identify a Foreclosure Rescue Scam

Foreclsoure Scam Alert

It seems as though whenever people fall on tough times, it brings the worst out in some greedy individuals and the foreclosure crisis is no exception. We have seen a number of scams from people who claim they can help you save your home, when in fact they are trying to profit at our expense. The California Association of Realtors produced a list of items that should send up a red flag if you are approached by “the foreclosure rescuer”.

Foreclosure Rescue Precautions Read the rest of this entry

Help Is On the Way For Californians to Keep Their Homes

The “keep your home program” received nearly $2 billion in federal funds to help struggling California families pay their mortgage and stay in their homes. The California Housing Finance Agency is handling this program.

The program officially launched this month January 2011. Depending on the circumstances, you may be eligible for up to $3,000 in assistance to help pay your mortgage. The term is six months with the expectation that you will be employed at the end of this time frame. Read the rest of this entry

Realtor Designation vs Licensed Sales Agent

What is the difference between a Realtor® and a Licensed Real Estate Agent

I am glad you asked. Many people think they are no differences when in fact there is a huge difference.

A Realtor belong to the National Association of Realtors®, and the local board of Realtors.  Realtors abide by a code of ethics and as such are held to higher standards.  As part of our membership, we are alerted on new laws affecting real estate, access to legal assistance, market updates, news and so much more.

17 things that a REALTOR® promises to do: Read the rest of this entry

Home Remodeling – What is the Return on Investment

Home Remodel ROIA survey conducted by Remodeling Magazine across 80 cities with over 3,000 responses from  appraisers, sales agents and brokers in the summer of 2010 gives a realistic view of what you can expect to recoup from remodeling, upgrades in your home. Please keep in mind these are national averages and return on investment will vary across the Country.

Here are the top five projects.

1.  The Front door.  That makes sense as this is what buyers see when they approach the home and are staring at it while waiting to enter the house. The key here is to make sure the new door compliments your home. Don’t buy the most expensive door only to find that it looks out of place for the style of the home.  Return on investment 102.1%. Read the rest of this entry

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