ARCHIVED BLOG POSTS
2008
We attended a signing appointment last week and we were surprised to hear from the Buyer's real estate agent that very few Mortgage Professionals attend her signing appointments. In fact, she said in her 15 years in business, only two had attended and we were one of them. It is funny, when we wo...
07/31/2008
Freddie Mac made changes today that will effect how Sacramento foreclosures are dealt with as well as loan modifications! Here is a highlight of those changes: The standard foreclosure period for their loans has been extended from 120 - 150 daysEffective for all foreclosure referrals occurring on...
07/31/2008
You may have heard about this new bill and the speculation around if the President would sign it or not. Well this morning ... it is official!In a future post I will break down each of these items to give you further details. For now here are some of the provisions fo the bill: Permanently incr...
07/30/2008
New regulation prohibits the use of most Barbecues at Apartment Communities There is a new regulation that took effect this year enforced by the local fire departments in the Sacramento region reads as follows: 2007 California Fire Code, Section 308.3.1 - Open-flame cooking devices Charcoal burne...
07/29/2008
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Foreclosures Rise 14% in 2Q Nearly 740,000 foreclosure filings were reported nationwide in the second quarter, up almost 14% from the level recorded in the previous quarter and 121% from that of a year earlier, according to RealtyTrac, an online foreclosure marketplace based in Irvine, Calif. The...
07/25/2008
The Federal Housing Administration section of a massive housing bill is causing heartburn for lenders because they will have to abandon a newly implemented risk-based pricing structure. The Department of Housing and Urban Development mandated implementation of the RBP structure by July 14, but th...
07/25/2008
Paramount Equity May be in Trouble! Come on... you must know who these guys are! They advertise on many Sacramento area radio stations and in a ½ hour drive you could probably hear 2-3 of their radio spots. Does this ring a bell?... " I am Hayes Barnard, owner of Paramount Equity, and the recent...
07/24/2008
Thought these numbers might interest you! Reporting resale single family residences and condos as well as new homes. % Change is from the same month last year at the Median Price. Sales include all attached and detached homes, both new and resale, including FSBO, family transfer and out of area ...
07/24/2008
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Sacramento July 25th-27th~California State Home & Garden ShowFri. 12pm-7pm, Sat. 10am-7pm & Sun. 10pm-5pm. Sacramento Convention Center. (1400 J St). Find everything from home improvement to solar to eco-friendly landscaping and cooking demonstrations under one roof. Register to win a $25,000 sol...
07/24/2008
Any agent hoping and praying that down payment assistance programs for FHA will remain in place... Well, good luck According to a Sacramento Bee story, a key program is likely to be shut down this week per Nehemiah Corp. of America officials. The nonprofit giant believes Congress and President Bu...
07/23/2008
Rainmaker
266,705
266,705
Erin Newington
Sierra Foothills Realtor