Santa Rosa Chapter of Realtors Donates $1400.00 To Local Red Cross Chapter

Tim Miller, CEO of Sonoma County Red Cross, accepting Check from John Duran, President, SRCR

Tim Miller, CEO of American Red Cross in Sonoma, Mendocino and Lake Counties, recieving check from SR Chapter President John, “JD” Duran of Frank Howard Allen Realtors. Continue reading Santa Rosa Chapter of Realtors Donates $1400.00 To Local Red Cross Chapter

HOW to “Steal” a house! FBI Fraud Alerts-Sonoma County Homeowners be Vigilant!

FBI Fraud Alerts–How to “Steal” a house!

House stealing? Yup! The Internet provides much data for a con man looking to gather information on YOU and YOUR home–then generating falsified documents, recording new data at the County offices–PRANG! Your house is now the property of a Con Man! Read the information and examples to the left. Continue reading HOW to “Steal” a house! FBI Fraud Alerts-Sonoma County Homeowners be Vigilant!

Otto Kobler–Summit Funding, Inc, Our special Guest today–FHA Rehab Loans? Streamlined? Chdap? Giddy-up?Huh?

 We are pleased to have FHA whiz Otto Kobler on the show this week. Otto has a strong background in government loans and specializes in the FHA 203K “Re-Hab” loans which allow you to add the cost of “improving” your new home into the loan amount. We call this “Re-hab” (NOT to be confused with Charlie Sheen’s home away from home!) and it allows you to make improvements to say,  a damaged REO property that has been ransacked, vandalized or damaged by a previous owner or due to long periods of vacancy.

Here’s an interesting “Interest Rate Update”from Otto where he uses a product called “Jing” to demonstrate how to interpret the “moving” bond rate. He makes a very complicated subject much simpler by using a voice over narration.

We also will be discussing the Chdap (California Home Buyers Down Payment Assistance Program) part of CalFHA. Also the EEM mortgages (Energy Efficiency Mortgages) which allow you to include much need energy conversation improvements into your new homes loan.

 

Don’t Forget to TAKE your First Time Homebuyer Credit!! 5 Facts from the IRS and How to Claim

The Homebuyer Assistance and Improvement Act of 2010, enacted on July 2, 2010, extended the closing deadline from June 30 to Sept. 30 for eligible homebuyers who entered into a binding purchase contract on or before April 30 to close on the purchase of the home on or before June 30, 2010.

Here are five facts from the IRS about the First-Time Homebuyer Credit and how to claim it.

  1. If you entered into a binding contract on or before April 30, 2010 to buy a principal residence located in the United States you must close on the home on or before September 30, 2010. Continue reading Don’t Forget to TAKE your First Time Homebuyer Credit!! 5 Facts from the IRS and How to Claim