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Fannie Mae: Housing ‘remains a source of concern’

6/25/14

Fannie Mae, an abbreviated name for the Federal National Mortgage Association, and a huge mortgage purchaser in

the housing industry expects housing sales and prices to cool down this year.  Existing home sales fell

in the 1st quarter and rose in April and May, 2014.  They are expecting existing home sales to be down

by 2.4% for all of 2014 and new […]

By |October 23rd, 2017|Uncategorized|Comments Off on Fannie Mae: Housing ‘remains a source of concern’|

Negative equity declines in Fresno area

The Business Journal, a local paper, indicated that just under 25 percent of all houses in the Fresno Metropolitan area have negative equity;  meaning the owner owes more than what their home is worth.  That’s a large drop from 2012.
This, I think, is a reflection of the increased appreciation in property values over the last year.  That’s good news […]

By |October 23rd, 2017|Uncategorized|0 Comments|

Pros And Cons Of Selling Your Home To A Real Estate Investor

Forbes magazine has an interesting article with the above title: It goes into the pros and cons of selling to an investor. Since Central Cal Homes, Inc. does buy directly from Sellers as well, I thought it beneficial for prospective sellers to see the comments from an outsiders perspective.

The Pro’s are: 1) Flexible payment options. 2) Cash […]

By |October 22nd, 2017|Uncategorized|Comments Off on Pros And Cons Of Selling Your Home To A Real Estate Investor|

Depending on location it could take longer to sell your home.

7/17/14

Guarantee Real Estate just reported that the number of homes for sale has increased and the number of days

the property is on the market has increased slightly year to date; the number of days on the market is the time it takes to

get a buyer, not when it actually closes escrow.  Our experience puts that number around 45 days.  […]

By |October 22nd, 2017|Uncategorized|Comments Off on Depending on location it could take longer to sell your home.|

3 Ways To Dump Your House

12-19-13 The MSN Real Estate section published the above article that caught my attention.  It mentions the Short Sale and the Deed-In-Lieu of Foreclosure.  The Short Sale most of us have heard about.  Few have heard of the Deed-In-Lieu of Foreclosure.

The deed-in-lieu of foreclosure is a fairly simple process.   The borrower or the lender prepare a Deed that gives […]

By |October 21st, 2017|sell house|Comments Off on 3 Ways To Dump Your House|

How Long After A Short Sale Can You Buy Again?

12-13-13  For those wanting to buy again, this is an important question:  “When Can I Buy Again?”

The good news is you can.  When you can buy depends on who buys or insures the loan.   Martin Goldberg has some nice guidelines relating to this question.  He posted it in May 2013.  Keep in mind lending guidelines change and Mr Goldberg’s […]

By |October 21st, 2017|short sale|Comments Off on How Long After A Short Sale Can You Buy Again?|

You May Qualify For A “HARP” Refinance Loan

12-4-13 – The Home Affordable Refinance Program, also known as HARP, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-underwater homeowners refinance their mortgages.  The application deadline is Dec 31, 2015.  To see if you qualify check out the HARP website!

By |October 20th, 2017|foreclosure, real estate, short sale, Uncategorized|Comments Off on You May Qualify For A “HARP” Refinance Loan|

Unemployment Mortgage Assistance

If you’ve received unemployment benefits within the last 30 days you could qualify for mortgage assistance.  Notice there’s a time parameter here.  If you’re about to lose you unemployment benefits, you need to hurry.  See it at Keep Your Home California

By |October 20th, 2017|Uncategorized|Comments Off on Unemployment Mortgage Assistance|

Home Sales In Valley Falling

It looks like sales in September have dropped in the Valley.  Sales in Fresno County dropped 13% from August.  See the previous blog for our explanation.  Though sales have fallen, median prices have managed to rise 1% over August.  and a jump of 16.8% over the previous year.  This is good for those who are upside down on their […]

By |October 19th, 2017|real estate|Comments Off on Home Sales In Valley Falling|

Good News For Those Doing Short Sales

11/25/13 – For Homeowners doing short sales, where what you sell your house for is less that what you owe,  there has been a taxable issue with the State of California and the Federal government.  Previous to 2007 the forgiveness of the debt has been a taxable item on your tax return.  For example:  you sell your house for […]

By |October 19th, 2017|short sale|Comments Off on Good News For Those Doing Short Sales|