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Well it is almost gone but there is still time to take advantage of the first-time home buyer’s tax credit of $8,000. The federal program is set to expire on November 30 and if you or someone you know wants to take advantage of the available credit ...[Read More]
I am an never will be one to trumpet my environmental contentiousness as I really detest those individual and companies that use “Going Green” to promote their business. I personally believe we should each do what we can and are comfortable ...[Read More]
It has been a busy week here at MagnumOne Realty. We have been working with a nice combination of buyers and sellers and making good progress on some of our short sales. For me having a few new buyers has been a breath of fresh air and we have been enjoying ...[Read More]
Here I am again! As much as I have enjoyed maintaining this blog over the past 4 years I have been guilty of “dropping off the grid.” The real estate business has grown in complexity and to get the same results takes more work, time and energy. ...[Read More]
This has been another busy week of dealing with short sales and lender negotiators so I am using Saturday to catch up a bit on my blogging. I just published my weekly column over at Rocklin & Roseville Today, “ Getting Short Sales Done in Sacramento ...[Read More]
I have recently been writing about the benefits of short sales in my weekly column at Rocklin & Roseville Today which is also carried over at Sacramento Today . The column today was, “Sacramento Short Sales – Good for All.” I really ...[Read More]
If you or someone you know is selling or going to sell your home, check out my column, “ Staging Ideas on a Budget ,” over at Rocklin & Roseville Today. I am tired of showing clients dirty, messy and poor showing homes. The ones that show ...[Read More]
With local schools getting out for the summer this and next week we should see an increase in the already busy Sacramento real estate market. Unfortunately much of this will be more short sales as more and more homeowners who owe more on their homes than ...[Read More]
The first-time home buyer tax credit of up to $8,000 can be a significant help during the remainder of 2009 for buyers who have not owned a home in the previous three years. Check out my column, “ First time home buyer’s tax credit ,” ...[Read More]
We are beginning to see short sale junior lenders flexing their muscle. A year ago you could count on the junior lender to pretty much roll over and take whatever allowance the senior lender allotted to them for their lien release. Now, they are holding ...[Read More]
Two years ago when a client told me they wanted me to short sale their home and their lender was Wells Fargo, I would visibly cringe. Dealing with Wells Fargo in those days was a nightmare. They didn’t have sufficient staffing to handle the requests, ...[Read More]
It seems like almost daily I am talking to a homeowner about short sales. When they are asking me to help them short sale their house to avoid foreclosure I always ask them if they tried getting a loan modification to stay in the house. The most common ...[Read More]
It is always fun to get away for a few days and even better when you return and appreciate home. Last week we traveled to Elizabethtown, Kentucky to visit Michael’s son Mark and his family. I enjoyed spending time with them and seeing Kentucky. I ...[Read More]
Starting tomorrow the California Association of Realtors will start a new program to help first time buyers who are worried about the economy and not being able to make their mortgage payment if they lose their job. The program, C.A.R. Housing Affordability ...[Read More]
These are words we never want to hear ourselves saying, especially as it relates to selling your home. I recently met a former homeowner who now has a very nasty tax issue as a result of not understanding the consequences of debt forgiven by a lender when ...[Read More]
I have been hearing several different foreclosure rescue scams at work here in the Sacramento area. The perpetrators of the scam are approaching financially distressed homeowners and promising to help them stay in their homes and avoid foreclosure. I found ...[Read More]
If your home is worth less than you owe, the payments are killing you and have a lender who refuses to help what will happen if you walk away? Walking away is letting the bank foreclose, giving them the keys or avoiding a foreclosure by doing a short sale. ...[Read More]
This morning I read an article in the Sacramento Bee about the former executives of Countrywide that got rich on bonuses and golden parachutes after they made tons of questionable loans which we are all now paying for. Believe it or not they have taken ...[Read More]
I have been watching and experiencing a steady increase in real estate activity around the Sacramento area. We have a number of new listings, several of which are on fire. Yesterday I listed a great home in a downtown Sacramento neighborhood, 1324 35 th ...[Read More]
In the past two weeks we have seen the Federal stimulus bill, the Homeowner Affordability and Stability Plan and our new California budget which as some provisions to help the housing market. What are these, how do they work and have we finally got all ...[Read More]
Here is the view from a listing I have coming on the market soon. This is a unique home in Auburn only minutes from the freeway but a world away from the city and people. There is nothing “track” about this home and it will take a equally unique ...[Read More]
There have been some significant changes with lenders that are catching financially strapped homeowners unaware and reducing their alternatives to avoid a foreclosure. If you or someone you know is not making their monthly mortgage payments and thinking ...[Read More]
This past week has been very busy and adds to my belief the real estate market is weather driven or at least it seems that way to me. Every time we get some warm sunny days, I am too busy to spend much time outside! It is nice to see the Sacramento real ...[Read More]
What do I need to know about buying a short sale listing? This was essentially the question one of my readers sent me last week. I have written a number of articles including “ Six Steps to a Successful Short Sale ” and “ Short Sale Success ...[Read More]
A total of 523,624 California properties received foreclosure filings, including default notices, auction sale notices and repossessions in 2008. This was a 110 percent increase from 2007 and almost five times as many compared to 2006. The city Stockton ...[Read More]
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