Another great and informative article, by Jim Wasserman, who writes for The Sacramento Bee Newspaper:
Sales of existing homes in California posted a third straight month of year-over-year gains in June, climbing 17.5 percent above the same time last year, the California Association of Realtors reported Friday.
The Sacramento region has likewise posted three months of year-over-year [...]
An article in the Sacramento Bee Newspaper by Jim Wasserman Published 12:00 am PDT today.
For two years and three months, Doug Pautsch ran a division of Centex Homes that routinely led the Sacramento region in sales of new homes.
On July 11, Centex ousted Pautsch and replaced him with the president of its Visalia-based Central [...]
Continue reading about Former Centex boss in Sacramento area says housing has hit bottom
I saw this at www.kiplinger.com
June 2008
Buying your first home is a huge step. When you leave the world of renting behind, you begin building equity in an investment. And Uncle Sam is there to help ease the pain of high mortgage payments. The deductions now available to you as a homeowner will reduce your tax [...]
I got this announcement in an email from a lender.
Fannie Mae Guidelines contain some good news and some bad news for marginal credit borrowers. These changes took effect May 19th
Seems as though Fannie Mae may be getting a little more conservative on their approvals for the High Risk, High LTV/CLTV loans. What does that mean? [...]
Continue reading about Fannie Mae Guidelines contain some good news and some bad news
A free workshop on mortgage default and how to prevent foreclosure will be held tonight from 6:30 to 8:30 p.m. at the Sacramento Association of Realtors auditorium, 2003 Howe Ave.
The consumer workshop is sponsored by Sacramento Housing and Redevelopment Agency in conjunction with state Sen. Darrell Steinberg, D-Sacramento, and the Sacramento Regional Partners in Homeownership.
Home [...]
Continue reading about Free workshop tonight on preventing foreclosure
I just received this from Realty First in Roseville, California.
I am turning to you in the 11th hour, urging you to take action to oppose a housing bill that will eliminate downpayment assistance. The Senate and House of Representatives are fast-tracking this bill. See the Washington Post article below. Upon the President’s signature, downpayment assistance [...]
Continue reading about Housing Bill an Immediate Threat to Downpayment Assistance!
Good News Everyone! Janet Reynolds just came from the National Association of Realtors Forum and says we can see the light at the end of the tunnel. According to Lawrence Yun chief economist of the National Association of Realtors home sales have stabilized over the last seven months and are expected to increase over the rest of [...]
Continue reading about National Association of Realtors Predicts
I had a most exciting meeting with Julie Williams in the Business Development portion of Chicago Title located at 6100 Birdcage Centre Lane #125 here in Citrus Heights. Julie is a highly regarded professional in her industry and I look forward to doing an enormous amount of business with her! Do yourself a favor and give [...]
I read this article today about a local collegue who was very direct with regard to a new situation in our area. I think that it is unfortunate that sellers are doing this, but many of them were duped when they were given their loan. Is it pay back time?
SACRAMENTO (CBS13) ― Linda Caoli helps [...]
Continue reading about New Trend In Sacramento: ‘Intentional Foreclosure’
Mortgage lenders must contact California home borrowers to discuss loan modifications by phone or in person before entering foreclosure proceedings under a new law Gov. Arnold Schwarzenegger signed Tuesday.
Senate Bill 1137, which takes effect immediately, prohibits lenders from filing a default notice until 30 days after contacting a borrower or making legitimate attempts to do [...]
Continue reading about New California law offers a shield on mortgage defaults: By Kevin Yamamura