Oct 22, 2014
For those of you who live in the Fresno or Clovis, CA area, there is a website that tries to help families determine
if they can qualify for assistance. They’re providing program information and a listing of the participating servicers (lenders and others).
Here’s a summary of the four programs:
1)Unemployment Mortgage Assistance – They will help make your mortgage […]
12-29-2014
As I look back to the Fresno and Clovis real estate market around 2006 – 2007 ,
there was a buying spree that drove prices to new highs. And as we all know, what
followed impacted most of California and the country; it was called the “Great Recession.”
First houses stopped selling, followed by prices declining and then foreclosures began
piling up as […]
9/29/14
The most recent article from PropertyRadar.com, indicates that home values and sales volume for California homes are slowing down.
This negatively affects two groups of homeowners: those who would like values to continue to grow because they owe more than there house
is worth and those who need to sell there home right away. This slowdown has been our experience here […]
9/19/2014
I published this article on my blog a while back, for those needing to sell it’s worth reading. One of the CONS mentioned is the risk of being taken by a scam artist. See the article and my comments below.
Jan Weston
Forbes magazine has an interesting article with the above title: It goes into the pros and cons of selling […]
8/22/14
The Business Journal posted an article summarizing the condition of the housing market for distressed properties; those sold at a short sale, foreclosure, and bank owned properties. For June, in Fresno County 17% of all properties were sold as “distressed” in June 2014. The state wide amount for California stood at 9.7%.
Historically, and I believe it holds true now, […]
7/28/14
The state of California recently passed Assembly Bill 1393 that says there are no state tax consequences if you have a home where the debt was cancelled or forgiven by the lender due to a principal reduction from a loan modification. Say for example you renegotiated the loan on your house and the lender reduced your principle balance by […]