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Distress sales in Fresno County amount to 17% of all sales.

7/23/14

The Business Journal, a central valley news organization, reports amongst other things that distressed sales

of homes in Fresno County amount to 17% of all sales for the month of June, about the same as May.  However,

that’s much better than a year ago, 36% of all sales were distressed sales.

 

The Fresno County market continues to get better, albeit slowly.  There […]

By |January 21st, 2020|Uncategorized|Comments Off on Distress sales in Fresno County amount to 17% of all sales.|

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 |January 21st, 2020|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 |January 20th, 2020|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 20th, 2020|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 19th, 2020|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 18th, 2020|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 17th, 2020|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 16th, 2020|foreclosure, real estate, short sale, Uncategorized|Comments Off on Settlement Provides 4 Billion in Aid To Distressed Borrowers|

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 14th, 2020|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 14th, 2020|Uncategorized|Comments Off on Tax Consequences of a Short Sale In California|