FILAM FINANCE

Aside from the house that I co-owned with my parents, my wife and I bought a vacant land in Pahrump. The town is located 60 miles northwest of Las Vegas, the entertainment capital of the world, The lot is zoned so we can build a duplex in the future. Not that I want to buy a home […]

The California Association of Realtors has recently announced that real estate sales would drop by 23% in 2007 and will drop 9% more in 2008. In addition, sellers are now getting picky when selecting a real estate agent. Gone are those days where homes are selling minutes after they were listed on mls. Gone are […]

A nice article on businessweek.com “Housing: That Sinking Feeling” is worth reading for those who are keeping track of the real estate market. The article talked about how homeowners who are trying to sell their homes are getting slammed by the builders who are cutting prices to unload their inventories. These builders are cutting prices […]

Right across our apartment, there is an REO (real estate owned by banks). I remember just last year where a family living there was celebrating the 4th of July with lot of fireworks. I’m guessing that the house has gone into foreclosure and nobody bought it and it’s now owned by the bank. This home currently is being […]

I own a house with my parents. Right now, I am living in an apartment with my wife while my parents stayed in our house. We have a two-car garage where you’ll also find our laundry room. The funny thing about the garages of my parents and my other relatives is that cars do not […]

I have a couple of my friends that already moved to Las Vegas, the entertainment capital of the world. Why? Because the city provides a lot of job opportunities and the house prices are much cheaper compared with the prices here in California. One of my friend recently sold his home here in southern California […]

One of my friend refinanced his mortgage a couple of years ago to convert his high mortgage rate to a much lower one. Also, he had an adjustable rate back then and he switched to a fixed rate, thus, giving him a peace of mind from the unpredictable swing in the monthly payment every year. […]

Another look at this week’s edition of our Housing Bubble Watch. Every week brings us news on the recent developments of the real estate. There are the foreclosure filing rates, the top mortgage companies flirting with banckruptcy, the signs of year over year decline in the median price in some areas, and the feds making […]

With the ridiculously overpriced homes in Southern California, it’s really hard not to be cognizant of what is going on in the real estate industry. I am a proponent of home ownership against renting but with the huge gap nowadays between the market rent and the average mortgage payment, it is smart just to keep […]

It’s all over the news, “Subprime borrowers face losing their homes.” Fingerpointing started to arise as some people are saying that the lenders have taken advantage of the innocent consumers into signing bad loans. However, the lending industry is countering that the consumers should have known how much they can afford. The industry argued that that […]