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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 |January 22nd, 2019|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 |January 22nd, 2019|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 |January 21st, 2019|Uncategorized|Comments Off on Depending on location it could take longer to sell your home.|

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 |January 20th, 2019|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 |January 19th, 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 |January 18th, 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 |January 17th, 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 |January 16th, 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 |January 15th, 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 |January 15th, 2019|Uncategorized|Comments Off on Home Affordable Refinance Program – HARP|