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El Dorado Hills, CA Real Estate News

By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR October 2010   This is a continuation of our three year long monthly report on Bank Owned (REO) home sales data for El Dorado Hills, CA.  This report covers Bank Owned homes sold in October 2010. There were 13 Bank Owned homes sold in October, up from 5 in September.  That September number was the smallest number of REO homes sold in one month since we have been reporting this data.  REO inventory in El Dorado Hills spiked to a 6.4 month supply in September and dropped back into the normal range wit a 2.2 month supply in October.  The inventory for all available homes dropped from a 5.5 month supply last month to a 4.7 month supply in October. A six month supply is considered a neutral market.    The average days-on-market decreased fr...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
New HUD Home Buyer's Video Clip:  Shopping For Your Loan    The Department of Housing and Unban Development has just come out with a three video series designed to help home buyers better understand the home buying and financing process.  The videos are straight forward and easy to understand.  They range from 10 to a little over 12 minutes long and are a MUST VIEW for any first-time home buyer.  More experienced home buyers may also find them helpful. Here is a link to the first of the three, Shopping For Your Loan:  http://www.youtube.com/user/HUDchannel#p/a/u/1/RdwxqiVwsOA This link takes you to the video which covers the loan.  It explains the Good Faith Estimate and the HUD-1 and how to interpret them.  This video may be a bit dry for some viewers and a little complex for those not...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
New HUD Home Buyer's Video Clip:  Shopping For Your Home    The Department of Housing and Unban Development has just come out with a three video series designed to help home buyers better understand the home buying and financing process.  The videos are straight forward and easy to understand.  They range from 10 to a little over 12 minutes long and are a MUST VIEW for any first-time home buyer.  More experienced home buyers may also find them helpful. Here is a link to the first of the three, Shopping For Your Home:  http://www.youtube.com/HUDchannel#p/a/u/0/kTn6hSrEGZg Anyone who is seriously considering the purchase of a home should take the time to view these videos.  It might be prudent for home sellers to view the videos as well. If, after viewing the video, you have any questions...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
KEEP YOUR HOME CALIFORNIA PROGRAM: Who Is Eligible    The "Keep Your Home California" program is a $ 1.83 billion-with a B-program designed to help low to moderate income California homeowners to keep their homes.  They have a target of an estimated 100,000 California homeowners.  A key requirement to qualify for the program is that the homeowner must have endured a verifiable loss of income. Who is Eligible? The program is being administered by CalHFA (California Housing Finance Agency). They also back loans to qualified borrowers.  A borrower does NOT have to be a CalHFA borrower to qualify. The borrower MUST own and occupy the home as their primary residence The borrower must meet the low to moderate income limits.  The limits are set by county.  The limits are fairly liberal.  In El...
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By Erin Newington, Sierra Foothills Realtor
(5305573559)
Our short sale listing in El Dorado Hills is back on the market because our buyer walked! This Crown Village home provides a view of Folsom Lake! Bright and open sunlight home with character and charm. Nicely appointed kitchen with granite countertops, opens to family room with beautiful rock fireplace. Separate living room/toy room. Spiral staircase leads to downstairs bedrooms. Large master suite and master bath with separate tub and shower. Back yard has sitting deck with koi pond and mature oaks trees.Search for other homes for sale in El Dorado Hills Now >>  2561 King Richard Drive, El Dorado Hills CA 95762 - BACK ON THE MARKET $340,0004 bedrooms4 bathrooms2664 Sqft    If you are looking to buy a home in El Dorado Hills for as little as 3% down.... Give Erin a call (916) 585-3858 t...
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By John Hayes, Folsom,El Dorado Hills, Shingle Springs, CP
(RE/MAX Gold Folsom)
Sacramento CA - The Stop Foreclosure Institute received another testimonial from a seller. She said a lot of stuff and it refreshed my memory. The average person just doesn't realize how "going broke" makes people feel like trash. People start doubting themselves. They keep on kicking themselves down mentally. "Why did I buy that house?" "Why didn't I work harder at my job, so I wouldn't get laid off?" Why did I get laid off, and not Joe?", they say to themselves. "I am such a loser and I can't find a decent job anymore!" Discover how other sellers successfully did a short sale and request a free consultation by clicking here. They start thinking all of this stuff. Then, they start getting a lot of mean people calling the house. People such a bill collectors, debt collectors, and their...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
KEEP YOUR HOME CALIFORNIA PROGRAM    The California Housing Finance Agency (CalHFA) reported this week that its "Keep Your Home California" program implementation will be delayed.  They report logistical problems have delayed the original November 1st start date. The "Keep Your Home California" program is a $ 1.83 billion-with a B-program designed to help low to moderate income California homeowners to keep their homes.  They have a target of an estimated 100,000 California homeowners.  A key requirement to qualify for the program is that the homeowner must have endured a verifiable loss of income. There are two primary forms of aid.  The first is $ 875 million earmarked for unemployed Californians.  The program plans to help them make up the shortfall in their mortgage payments.  The s...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
The Foreclosure Freeze: More Specifics The foreclosure freeze remains a hot topic in the media.  With hundreds of thousands of homeowners in some level of distress with their mortgages it continues to be an item of interest.  The "robo-signing" scandal is focused on 23 states where judicial foreclosures are the norm.    The states involved are: Connecticut, Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Carolina and Vermont. Judicial  In states that require a judicial foreclosure, the law requires that a judicial review be held of each file before the property it is allowed to go through the final foreclosure process.  The idea is to have the courts rev...
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By Myrl Jeffcoat, Greater Sacramento Realtor - Retired
(Slide Show had 7 Slides)Today, an old friend and I went for a drive. I won't say how old this friendship is, but will tell you we went to school together a very longtime ago.  Heading east out of Sacramento on Highway 50, we ended up in the Apple Hill vicinity.  My friend recently had surgery, so we didn't get out of the car to visit the many farms, which are open with crafters, apples, and cider, this time of year.  However, we did manage an early lunch at Bavarian Hills.  This is a delightful place nestled in the center of Apple Hill.  Their specialties are German Bratwurst, Sausages, Schnitzel and Meat Pies.  The German music with the food, coupled with the golden leaves along the drive teleports the soul to an alternative universe.The Apple Hill Growers Association, is located in C...
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By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
A tale of two properties in two cities actually. City number one has a 203k loan on a home that you might not expect to see as a 203k.       Isn't this terrific? I think so. 4,500 SF home with tile roof, wood plank hardwood flooring, lots of tile, high ceilings. partially finished pool, mature trees. large patio, three car garage, central vacuum system. This is a 203k, nice neighborhood, nice home, well maintained for the most part, a little water damage and an unfinished pool make it a 203k. This is soooo cool. This home has cherry wood cabinets, crown molding, and is a delightful property with view. Too much work for this one to be a Streamlined k so it must go Full 203k.  This is not structural repairs in itself. It turned out to be as the borrower added on to the home. Remember that...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
9 DEADLY MISTAKES HOME SELLERS MAKE - #1    Selling the most expensive asset that most families own is serious business, not something to be taken lightly.  It can be a highly stressful process and costly mistakes are easy to make.  In order to net the most from the sale it takes careful planning and some work on the seller's part. Based on our years of first-hand experience, we have compiled a list of the 9 Deadly Mistakes Home Sellers Make to help home sellers avoid them.  As the old proverb says, "forewarned is forearmed."  A copy of the list is available at no charge to anyone who requests one by e-mail.  Send your request to:  Mike@SellYourVilla.com   Mistake #1-Using a real estate agent instead of a Realtor When you are looking for help buying or selling property it is important t...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
The Foreclosure Freeze: Update    The foreclosure freeze continues be a hot topic in the media.  With hundreds of thousands of homeowners in some level of distress with their mortgages it continues to be an item of interest.   John Stumpf, Chairman and CEO of Wells Fargo, announced that Wells Fargo has no plans to freeze foreclosures today or in the future.  He advised that Wells Fargo procedures have always been through and in full accordance with the law.   Apparently, not all mortgage lenders have had the same level of confidence in their procedures.  "Robo-signing" of foreclosure files seems to have been a standard practice with many.  However, most have gone back and reviewed suspect files and the moratorium is over for a majority of lenders.    One new development has resulted fro...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
The Foreclosure Freeze And What It Means    Most of us are is aware of the foreclosure freeze that has been all over the media in recent weeks.  In essence, GMAC mortgage had a process in place to maximize the efficiency of their foreclosure handling process.  That process had one employee in place to sign 400 foreclosures a day (good old American knowhow and efficiency) that had not been reviewed by anyone at that institution.  GMAC, the nation's fourth-largest mortgage lender, called this little omission a technicality!  Fortunately, the courts forced them to halt all foreclosures in 23 states (California not included). It turns out that Bank of America, JP Morgan Chase and other lenders were following similar practices, known as the use of "robo-signers."  They were processing delinq...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR September 2010 This is a continuation of our three year long monthly report on Bank Owned (REO) home sales data for El Dorado Hills, CA.  This report covers Bank Owned homes sold in September 2010. There were 5 Bank Owned homes sold in September, down from 13 in August.  This is the smallest number of REO homes sold in any month since we started reporting this data. REO inventory in El Dorado Hills spiked to a 6.4 month supply in September, up from a 1.8 month supply the previous month and far larger than any month in more than two years.  That is more than a 350% increase!  In fact, this is the highest level of REO inventory since the last quarter of 2007.  Note that the inventory for all available homes increased to a six month suppl...
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By DeeDee Riley, Realtor - El Dorado Hills & the Surrounding Areas
(Lyon Real Estate - El Dorado Hills CA)
El Dorado Hills Happenings- Fall 2010Here are some of the upcoming El Dorado Hills Happenings for Fall:Fall Community Garage SaleSaturday, October 2, 8am-12pmCSD Parking LotCommunity Clean-Up DaySaturday, October 23, 9am-3pmVPD, 4250 Town Center Blvd.Holiday Tree LightingSaturday, November 27EDH Town CenterBreakfast with SantaSaturday, December 11, 8am-11:15amCSD Gym The new El Dorado Hills CSD Recreation Guide is out with many great classes and events for Fall 2010.  You can click the link to view it or visit the El Dorado Hills CSD (Community Services District) website at http://edhcsd.org.  If you haven't visited the El Dorado Hills CSD website, it really has great information there on our community.  In addition to viewing the Recreation Guide and registering online for classes you'...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR August 2010 This is a continuation of our three year monthly report on Bank Owned (REO) home sales data for El Dorado Hills, CA.  This report covers Bank Owned homes sold in August 2010. There were 13 Bank Owned homes sold in August, one more than sold the previous month.  REO inventory in El Dorado Hills declined to a 1.8 month supply, down from the 2.1 month supply in the previous month.  This is within the normal range for the past 14 months with the exception of a spike to a four month supply in March.  The inventory of all homes available on the market also decreased slightly from a 5.5 month supply in July to a 5.3 month supply.  Note that the overall inventory in August of 2009 was a 7.4 month supply.  We have been in a seller's...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR July 2010   This is a continuation of our three year monthly report on Bank Owned (REO) home sales data for El Dorado Hills, CA.  This report covers Bank Owned homes sold in July 2010.   There were 12 Bank Owned homes sold in July, the same number that were sold the previous month.  REO inventory in El Dorado Hills has actually increased over the past four months from a one month supply in April, a 1.5 month supply in May, a 1.7 month supply in June and a 2.5 month supply in July.  The inventory of all homes available on the market also increased to a six month supply in July.  Six months is considered a neutral market, so we are in a neutral market at this writing.      The average days-on-market increased from 51 to 55 days. Two of t...
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By DeeDee Riley, Realtor - El Dorado Hills & the Surrounding Areas
(Lyon Real Estate - El Dorado Hills CA)
What's To Do Near El Dorado Hills- CAEl Dorado Hills is wonderful in itself but also in close proximity to so much more to see and do. So what's to do near El Dorado Hills?  *Sitting here in the eastern foothills of the Sacramento Valley, El Dorado Hills is just about 30 minutes from downtown Sacramento- Kings Basketball, wonderful restaurants, Old Sacramento, River Cats Baseball, comedy clubs, boating on the Delta or Sacramento River.    *To our north a little over an hour is Grass Valley, where I grew up and a great place to spend time - wine tasting, concerts, shopping, historic parks, theater, art galleries, gold country, the Nevada County Fair (my favorite). *To the southwest of us one and a half hours away is Napa. Though we have many wonderful wineries in El Dorado County and our...
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By Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
(Heritage Oak Properties)
El Dorado Hills, CA REO (BANK OWNED) SALES DATA FOR June 2010 This is a continuation of my three year monthly report on Bank Owned home sales data for El Dorado Hills, CA.  This report covers Bank Owned homes sold in June 2010. There were 12 Bank Owned homes sold in June, down 20% from May.  This reflects a very low inventory of 1.7 months supply in June.  Inventory was a one month supply in April and a 1.5 month supply in May.  The inventory of all available homes in El Dorado Hills is presently only a 4.1 month supply.  It had been 7.4 month supply in August of 2009.  Six months is considered a neutral market, so we are still in a seller's market irrespective of what the media reports.. The average days-on-market jumped to 51 days, up from 33 days in May.   Only two of the REO homes t...
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By DeeDee Riley, Realtor - El Dorado Hills & the Surrounding Areas
(Lyon Real Estate - El Dorado Hills CA)
The median price for homes in El Dorado Hills -California for the month of July was $466K which is down .4% from the June 2010 statistics, and down 2.5% from July 2009 statistics. With that being said, you can see by the chart below that the price is substantially higher than the other 10 months of the past year.  For more charts and statistics on our El Dorado Hills home market visit El Dorado Hills Market Trends on my website at http://DeeDeeRiley.com.   I am a REALTOR® in El Dorado Hills with Lyon Real Estate.  Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley.  For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com.                     ...
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