Update from Charles McMillan, NAR President and Jerry Giovaniello, NAR Senior Vice President Government Affairs RE: Tax Credit Extension and Expansion! Senate leaders of both parties and key Senate Finance Committee members and staff, and tax credit sponsors Dodd-Lieberman-Isakson have agreed on extending and expanding the housing tax credit. However, there is no agreement on [...]
This is from Melissa Bastianon, Assistant Government Affairs Director! Here’s an update on the Anti Flipping Rule…. At the October C.A.R. Board of Directors meeting, it was passed that C.A.R., in conjunction with NAR, “SUPPORT” the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner [...]
Our real estate market seems to be shifting yet again. It’s no secret that the banks lose significantly less money if they accept a short-sale offer as opposed to selling the home as an REO.
So, why don’t they pick up the pace on accepting short-sale offers? The reality is they lack the systems to [...]
Mike’s Market Data for September—2009
The market for September’s Sales. I’ve added something new to the mix this month. I’m taking a harder look at the “normal” market. I’ve designated this category “REO&Short-Sales Excluded”. I do this to show you there IS an alternative to the “REO offer shut-out” and the “Short-Sale run around!”
We are pleased to welcome a guest Lender to the Real Estate Hour this Sunday. Justin Harris of Benchmark Lending, our Lender partner with our Keller Williams Market Center, will be speaking on how he can close an FHA loan in 15 days while providing stellar, “Gold-Standard” service to all of his clients. [...]
Pete Phillippe’s rates for you folks desperately trying to get into that first time homebuyer house for the $8,000 Tax Credit!
Projects are in for 2010 by the Mortage Bankers Assoc indicating loan volume will be only 1/2 of what it was n 2009! However, purchase loans are up a tad. The big reduction [...]
Missed a house payment? Not enough money at the end of the month, home lost much of its value? You may be a candidate for a “Short-Sale” RadioShowShortSaleAD MIKE K KW 1009Don’t Delay! Call us today.
Our new radio show commercial is simply a plea to you the homeowner who may be in financial stress [...]
Team member, Allison Norman, joins me on the show this weekend as Co-Host. Allison works with Buyers through all price points and is urging all of her First Timer’s to get their deal done and take advantage of the $8,000 tax credit. But remember, not every first time homebuyer is in the “entry-level” marketplace. [...]
The Northbay Association of Realtors(NORBAR)California Association of Realtors(CAR) and the National Association of Realtors(NAR) is working feverishly with congress to extend the $8000 tax credit.
The Federal Tax Credit which is due to expire on November 30, 2009, has been a huge buoy to the current market for first time homebuyers. Recent surveys show [...]
We are delighted to have attorney and friend, Janne O’Neil back on the show. We will be discussing the common ways to take title to California real estate. Click HERE to go to a chart describing the various methods to take Title. Janne tomorrow will go into more depth on them! Please call in with [...]