February 2009 
There are 2 blog entries for February 2009.
FHA 203k Loan Can Finance Your Remodel
Friday, February 27th, 2009 at 12:01pm. 835 Views, 0 Comments.
If you are the type who wants to find a fixer and bring it back to it's original glory (or better), then the FHA 203(k) loan might be for you. This loan allows the borrower to borrow additional funds (in excess of the purchase price) to pay for repairs to the property. So for instance: if you have your eye on a fixer that is selling for $300k, and it needs approx $75-100k worth of work, then it is possible to get a loan for the entire $400k amount, with $100k being set aside for payment for repairs. The borrower must qualify for the total amount of the loan, not just the amount that is going to purchase the property.
The interest rate is slighly higher with this loan, and it means that you would be paying interest on the money used to remodel the home.…
Oakland Foreclosure Lists Available...
Thursday, February 12th, 2009 at 1:15pm. 820 Views, 0 Comments.
I just wanted to take a minute and let you know that I am now able to easily produce lists of foreclosed properties in any East Bay City, and send them via email. Fortunately, our MLS recently updated our system with a feature that allows us Realtors to search specifically for foreclosed properties. This makes it much easier for me to run a search in certain City, zip code, or even neighborhood and look for REO properties exclusively.
Right now foreclosures make up a huge percentage of the overall inventory, and they often represent the best value to the buyer. Unfortunately, most times there is no way to know if a property you are looking at online is a foreclosure or not unless you contact an agent to to inquire about it, so this is a good resource…
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
