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Thursday, June 16, 2011
60 San Jose Avenue - Warehouse for Sale
Friday, June 10, 2011
Willow Glen Home Sales Statistics
18 Homes in Willow Glen went pending last week - one of those was REO.
The highest price was $1,549,950 and the lowest was $250,000 with average Days on Market of 34 days.
The cheapest property has been on the market since Aug 20, 2010, is on it's third Realtor, and they are just now submitting it for approval? Of course, it's with Bank of America - my nemesis. Those short sales are always a gamble. I hope it closes this time!
It's a HOT market!
Friday, May 20, 2011
Loan Mod, catch up on past payments and other mortgage assistance is available
Keep Your Home California
I love this site because it has all the information that you need to understand the options available to those that are at risk of losing their home. It explains the loan modification, principle reduction and other options.
It's a well written and clear site full of information and resources to help my clients.
What I like most about this site is the "eligibility" tab. This helps you drill down quickly to what you can and can not do. Period.
I hope you like it as much as I do. I hope it helps you stay in your home.
I love this site because it has all the information that you need to understand the options available to those that are at risk of losing their home. It explains the loan modification, principle reduction and other options.
It's a well written and clear site full of information and resources to help my clients.
What I like most about this site is the "eligibility" tab. This helps you drill down quickly to what you can and can not do. Period.
I hope you like it as much as I do. I hope it helps you stay in your home.
Saturday, August 29, 2009
Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program
If you need to refinance [an arm] and your loan is worth more than the current home value - this is Fannie's Fix:
<cite>Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program</cite>: "
<cite>Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program</cite>: "
News Release July 1, 2009 Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program;Loans Eligible for Delivery September 1WASHINGTON, DC -- Fannie Mae (FNM/NYSE) announced today that the company is providing information to servicers regarding changes to the Home Affordable Refinance Program (HARP) that permits refinancing of existing Fannie Mae loans with loan-to-value (LTV) ratios up to 125 percent. The loans will be eligible for delivery on or after September 1, 2009."
Wednesday, August 26, 2009
It's Official: If you've been waiting for the bottom...you missed it!
The numbers have been looking up for about the last 60-90 days: inventory is dropping off, sales volume is up and the closings are up.
Industry Barometer Shows Gains in Home Prices for Second Straight Month
Yes the new lending guidelines are a hassle, no there's no 100% no doc loans but, the huge sucking sound that was our equity disappearing alongside 200+ banks and lending institutions, has eased.
The opportunity is there but you can't win if you don't enter the race.
Industry Barometer Shows Gains in Home Prices for Second Straight Month
Prices of single-family residential homes rose for the second consecutive month in June, Standard & Poor’s reported Tuesday. Quarter-over-quarter gains were also evident during the second quarter of the year, for the first time since 2006.
Yes the new lending guidelines are a hassle, no there's no 100% no doc loans but, the huge sucking sound that was our equity disappearing alongside 200+ banks and lending institutions, has eased.
The opportunity is there but you can't win if you don't enter the race.
Thursday, July 30, 2009
Is an $8K credit worth $250K fine PLUS 3 years in jail?
Don't "accidentally" claim the first time buyers credit. The IRS doesn't take lightly to "accidents".
WASHINGTON — The Internal Revenue Service today announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme.
On Thursday July 23, 2009, a Jacksonville, Fla.-tax preparer, James Otto Price III, pled guilty to falsely claiming the first-time homebuyer credit on a client’s federal tax return. Price faces the possibility of up to three years in jail, a fine of as much as $250,000, or both.
To date, the IRS has executed seven search warrants and currently has 24 open criminal investigations in pursuit of potential instances of fraud involving the credit. The agency has a number of sophisticated computer screening tools to quickly identify returns that may contain fraudulent claims for the first-time homebuyer credit.
“We will vigorously pursue anyone who falsely tries to claim this or any other tax credit or deduction,” said Eileen Mayer, Chief, IRS Criminal Investigation. “The penalties for tax fraud are steep. Taxpayers should be wary of anyone who promises to get them a big refund.”
Whether a taxpayer prepares his or her own return or uses the services of a paid preparer, it is the taxpayer who is ultimately responsible for the accuracy of the return. Fraudulent returns may result not only in the required payment of back taxes but also in penalties and interest.
First-Time Homebuyer Credit
WASHINGTON — The Internal Revenue Service today announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme.
On Thursday July 23, 2009, a Jacksonville, Fla.-tax preparer, James Otto Price III, pled guilty to falsely claiming the first-time homebuyer credit on a client’s federal tax return. Price faces the possibility of up to three years in jail, a fine of as much as $250,000, or both.
To date, the IRS has executed seven search warrants and currently has 24 open criminal investigations in pursuit of potential instances of fraud involving the credit. The agency has a number of sophisticated computer screening tools to quickly identify returns that may contain fraudulent claims for the first-time homebuyer credit.
“We will vigorously pursue anyone who falsely tries to claim this or any other tax credit or deduction,” said Eileen Mayer, Chief, IRS Criminal Investigation. “The penalties for tax fraud are steep. Taxpayers should be wary of anyone who promises to get them a big refund.”
Whether a taxpayer prepares his or her own return or uses the services of a paid preparer, it is the taxpayer who is ultimately responsible for the accuracy of the return. Fraudulent returns may result not only in the required payment of back taxes but also in penalties and interest.
First-Time Homebuyer Credit
Wednesday, July 22, 2009
Oakland, California, passes landmark marijuana tax - CNN.com
So California:
<cite>Oakland, California, passes landmark marijuana tax - CNN.com</cite>: "
<cite>Oakland, California, passes landmark marijuana tax - CNN.com</cite>: "
Decrease font Decrease fontEnlarge font Enlarge fontOAKLAND, California (CNN) -- Oakland's bid to become the first U.S. city to tax proceeds on medical marijuana passed Tuesday by a landslide vote.About 80 percent of people voting in the Oakland election approved the new medical marijuana tax.About 80 percent of people voting in the Oakland election approved the new medical marijuana tax.About 80 percent of voters chose to impose the tax on Oakland's medical marijuana facilities, according to the Alameda County Registrar of Voters.Some celebrated the news at Oaksterdam University by hand-rolling large marijuana cigarettes or stuffing cannabis into pipes. The school trains students for work in the medical marijuana industry.'It is important because the city of Oakland is facing a massive deficit like many jurisdictions in California,' said Steve DeAngelo, a leader of one of the city's cannabis clubs. 'And we decided to step up to the plate and make a contribution to the city in a time of need.'DeAngelo, one of the people who led the effort to get the tax approved, said his business will now have to pay more than $350,000 from the new tax next year. Video Watch report from CNN's Dan Simon �"
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