Archive for April, 2010
Federal Government Needs Centralization in New Housing
Federal Government Needs Centralization in New Housing
In the latest news the federal government is working on a proposal to reform government sponsored enterprises like Fannie Mae, Freddie Mac, and the Federal Home Loan Bank Systems. Testifying before the House Financial Services Committee is, NAHB Third Vice Chairman Rick Judson, a builder and developer from [...]
Your Financing Questions—Answered!
Your Financing Questions—Answered!
What is a mortgage?
A loan obtained to purchase real estate in which is used as a lien secured in a promise to pay the debt. All have principal and interest.
What is a loan to value ratio (LTV) and how will it determine the loan size?
It is the amount of money you [...]
Requirement Changes from Fannie Mae
Requirement Changes from Fannie Mae
More news from Fannie Mae suggests that there will be new requirements for homeowners who have experienced a pre-foreclosure event, including a pre-foreclosure sale, short sale, or deed-in-lieu of foreclosure.
One of the changes includes a new amount of time that must elapse after a pre-foreclosure event to the time [...]
The Foreclosure Goals Take A Backseat
The Foreclosure Goals Take A Backseat
At Connect Realty in Fair Oaks, our real estate agents are bringing you the top and most important news available to our homeowners!
In the loan modification goals, Obama and the administration had hoped to save up to 4 million homeowners from foreclosing on their homes. Present stats say [...]
Is the Number of Foreclosures Decreasing in California?
Is the Number of Foreclosures Decreasing in California?
The answer is a resounding YES! In March 2010 it took banks 27.9 percent longer, or 225 days, to foreclose on a property in California. 0.45 percent longer than it did in February, according to data tracked by a foreclosure data company.
Always keeping our future homeowners [...]
Homeowners Insurance: The 411
Homeowners Insurance: The 411
Yes! You really do need it! Yes it is required at closing! Arrangements for homeowners insurance must be made prior to that time. The earlier this is squared away the better because if you do not have insurance on your home, it will not close. By completing your [...]
The Home Inspection
The Home Inspection
Our Fair Oaks real estate agents at Connect Realty believe it is always a good idea to be there when the inspector is evaluating your potential new home.
No home inspector will ever tell you if you are getting good value on the home, but they will be checking out the structure, [...]
A Homebuyers Quick Quiz
A Homebuyers Quick Quiz
How many of you take an occasional personality quiz? Well our Fair Oaks real estate agents at Connect Realty have come up with the perfect homebuyer quiz. If you can answer yes to these questions then you are ready, and we are ready to help you with the home buying [...]
CALIFORNIA ANOUNCES NO MORE STATE TAX ON FORGIVEN DEBT!
CALIFORNIA ANOUNCES NO MORE STATE TAX ON FORGIVEN DEBT!
Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law yesterday, the new bill has made it possible to treat of mortgage debt income relief with federal law. Homeowners will now be [...]
Short Sale Nitti Gritty
Short Sale Nitti Gritty
Short sales are a great option for those who are finding themselves on the brinks of foreclosure, but our Fair Oaks real estate agents from Connect Realty want you to see some of the facts about short sales, and give you an opportunity to weigh your options. Here are some [...]
