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Since the bubble burst in 2008, Cardiff real estate has appreciated, on average, 44%. As of December 2015 housing inventory in Cardiff is low and demand is strong. 

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If you've experienced any of the following"Economic Events", you may be eligable:

Pre-foreclosure sales
Short sales
Deed-in-lieu
Foreclosure
Chapter 7 bankruptcy
Chapter 13 bankruptcy
Loan modification
Forbearance agreements

FHA will now allow a borrower who has suffered a Economic Event i.e. foreclosure, short sale, deed in lieu of foreclosure, bankruptcy, etc to be considered for an FHA home purchase loan in as little as 12 months after the event. On 8/15/13 the US Department Of Housing And Urban Development (HUD) published Mortgage Letter 2013-26 (click document number 13-26 for the letter in .pdf).

This letter expands HUD's "underwriting standard and criteria for evaluating borrowers who have experienced an Economic Event" as defined in the

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REAL ESTATE "TRANSACTION KILLERS LIST"

It's important to proactively discuss the parts of the process that can KILL a real estate transaction…

1. EARNEST MONEY DEPOSIT
2. THE HOME INSPECTION
3. THE APPRAISAL
4. NEGOTIATING REPAIRS
5. DISCLOSURES
6. REMOVE CONTINGENCIES
7. LOAN APPROVAL/CONDITIONS/FUNDING (IF APPLICABLE)
8. TITLE ISSUES

EARNEST MONEY DEPOSIT
Per the standard California Association of Realtors approved contract the standard time frame to deposit earnest money into escrow is 3 days from when the contract was accepted. These funds can typically be wired or a check can be dropped off at the escrow office.

In a short sale, this can be different. A short sale should include a SHORT SALE ADDENDUM. This addendum confirms time frames. The

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