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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!

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 |November 12th, 2019|Uncategorized|Comments Off on Unemployment Mortgage Assistance|

Settlement Provides 4 Billion in Aid To Distressed Borrowers

11-20-2013  J.P. Morgan Chase just settled with the Justice Department  over a variety of legal issues related to the mortgage debacle.  Apparently they were not forthright about the mortgages they sold on the secondary market.  They were weaker mortgages than advertised.  In the agreement J.P. Morgan is to provide 4 Billion in aid to distressed borrowers.  The use of […]

By |November 10th, 2019|foreclosure, real estate, short sale, Uncategorized|Comments Off on Settlement Provides 4 Billion in Aid To Distressed Borrowers|

Distressed sales still falling in Fresno

Distressed homes in Fresno County were 24 percent of all homes sold in December 2013. This is good compared to 52 percent in December of 2012. This is a reflection, in my opinion, of the increased values of homes compared to 2012. The median price appreciation was in the high teens, low 20’s for 2013.

For those of you […]

By |November 10th, 2019|Uncategorized|Comments Off on Distressed sales still falling in Fresno|

Free Value Estimate For Your Home

Have you ever wondered what your home is worth?  Maybe you’re wondering if you could sell and payoff your loan without owing anything.  Zillow is a website that offers free AVM’s:  Automated Valuation Model.  This is an estimate of what your home is worth based on sales in your area.  Each company has a variety of parameters they use […]

By |November 8th, 2019|Uncategorized|Comments Off on Free Value Estimate For Your Home|

Tax Consequences of a Short Sale In California

3-17-14

There’s good news for Californians who are needing to do a short sale.  According to the California Association of Realtors a letter from one of the FTB board members stating  “California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a […]

By |November 8th, 2019|Uncategorized|Comments Off on Tax Consequences of a Short Sale In California|

Home Affordable Refinance Program – HARP

3-5-14  I recently read that 25% of all homes with mortgages in Fresno County still owe more than there home is worth.  There’s

two parts to this equation:

1) The debt exceeds the value of the home

and

2) The homeowner is paying interest on debt that’s beyond the homes worth.  That’s not efficient.

Wouldn’t it be wiser to reduce the payment burden by […]

By |November 7th, 2019|Uncategorized|Comments Off on Home Affordable Refinance Program – HARP|

Drought to flatten Fresno job growth

One of the areas of business that affects real estate values is jobs.  If you have more jobs it places, greater demands on housing.  Which then puts upward pressure on real estate values.  Fresno’s job growth is expected to be flat because of the drought.  This will likely reflect in flat or lower values for housing.   For those of […]

By |November 6th, 2019|Uncategorized|Comments Off on Drought to flatten Fresno job growth|

California Housing Market Outlook for 2014

2-21-14

In 2013 the price for a Single Family Residence, SFR,  (homes) went up on average 28% in California.   Though

Fresno didn’t rise this high,  it still made it into the low 20 percentile range.  The result being that fewer homes

are upside down ; in a previous blog we were down to less than 25% of all mortgaged properties in

Fresno County […]

By |November 6th, 2019|Uncategorized|Comments Off on California Housing Market Outlook for 2014|

Fresno County Property Tax Sale Begins March 7, 2014

2/6/14  Generally, in California when you’re delinquent on your property taxes for five years, the county

tax collector may offer the property for sale to satisfy the defaulted taxes.  Note they can foreclose sooner

if you have a “nuisance abatement lien” on the property.

In  Fresno County this sale begins on March 7, 2014.

If you are in the unfortunate position of being […]

By |November 5th, 2019|Uncategorized|Comments Off on Fresno County Property Tax Sale Begins March 7, 2014|