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Category Archives: Economy
Wondering why a loan modification is so dificult?
This was earlier this week on Inman’s website: “Nearly half of the 1.3 million homeowners who have accepted loan modifications under the Home Affordable Modification Program have washed out of the program, according to the latest report from the Treasury … Continue reading
Posted in Economy, Foreclosure, Making Home Affordable, Sellers, Short Sale
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Strategic Short Sales
Alex Charfen made a great blog posting this morning.Everyone keeps talking about strategic foreclosures… I don’t think there is anything strategic about a foreclosure, you just let it happen. Some articles mention that it takes 3 years to be foreclosed on… yes, … Continue reading
Posted in Economy, Foreclosure, Making Home Affordable, Short Sale
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Changes in the Home Buyer Tax Credit Program
Reporting from Washington – If you’re thinking about applying for the new $6,500 home buyer federal tax credit or the extended $8,000 version, the Internal Revenue Service has just issued its first formal guidelines for you. A great article in … Continue reading
Posted in Buyers, Economy, Sellers, Sonoma County info
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Reasons to buy right now…
I am copying a posting from Kevin deBoer from 3 Oceans Real Estate. The link didn’t work but the info is interesting: We are continuing to see the benefits of the current government programs to spur home sales across the … Continue reading
Posted in Buyers, Economy, Sonoma County info
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Due Diligence
For all of us in Sonoma County the name Clem Carinalli is a familiar name. Once a name of trust and reliability, now a name connected to scandal and swindle. This morning’s Pressdemocrat has an interesting article about the shock … Continue reading
Posted in Buyers, Disclosures, Economy, RE Investing
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LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION
This came in my email news feed today: Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS® The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the … Continue reading
Posted in Economy, Foreclosure, Sellers, Short Sale, Sonoma County info
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Rental Scam Advisory from our local MLS®
Yesterday we received a ‘Red Alert’ email from our local MLS board about the Rental Scam on Listed properties. The PressDemocrat had an interesting article about the subject earlier this week. There is a rental scam taking place in which … Continue reading
Posted in Buyers, Economy, Financial news, Foreclosure, Sellers, Sonoma County info
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Would you work with you?
In talking to people I have come to realize that some people have an interesting view on banks. You might blame the bank for offering you the ‘bad’ loan, however you might ask yourself: who ultimately signed? Also, banks are … Continue reading
Posted in Economy, Financial news, Sellers, Sonoma County info
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SBA’s 7(a) LOAN COULD BE YOUR DEBT SOLUTION
The Small Business Administration’s most popular “loan product” is the 7(a). Like the SBA 504, the 7(a) may be used for real estate transactions, but offers a variety of other options: • To acquire equipment, machinery, furniture, fixtures,supplies, or materials. … Continue reading
Posted in Economy, SBA Funding, Sonoma County info
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SBA 504 & 7a LOANS for Small Businesses
The 2009 American Recovery and Reinvestment Act has opened a wider door to the real estate market by increasing access to and lowering the cost of Small Business Administration financing to business owners. The act also temporarily waives borrower fees … Continue reading