More and more people are in over their heads when it comes to their home. In this tough economy, many have fallen behind on their mortgages and don’t know where to begin to rid themselves of the property that they…
Redding, Ca Blog: Recreation, Real Estate, Events & People
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October 13th, 2011 at 2:05 pm
5 Things You Need to Know to Sell a Home That’s Underwater
October 5th, 2011 at 12:05 am
Waterfront home with upgrades throughout – $225,000
Great Waterfront Home. Open floor plan with vaulted ceilings and extensive tile throughout the home. Fish from your own patio or swim in your back yard. This home also has the lot next door for sale so you can have extra space for shop, garden or big yard for dogs to run. Lot MLS# 11-1337. For more information contact Shirlene Bramson of Next Generation Real Estate Services at 530.209.3191. DRE License #01500303.
For more information on this listing or to view all featured listings Click Here!
September 26th, 2011 at 3:05 pm
Not All Home Inspections Are Made Equal
A home inspection is a crucial component of making a smart home-buying decision. According to Jay Gregg, director of marketing for Pillar To Post, not all home inspections are equal. Gregg, who has experience in home inspections, sales marketing and…
September 26th, 2011 at 2:05 pm
A Lot of Home For The Money. – $15,500
Nice clean home with an open floorplan in desired Twin Lakes park. Home features seperate family and living rooms, large kitchen with breakfast bar and a nice indoor laundry room. Oversized master bathroom features double closets and bonus vanity area in bathroom. Enjoy relaxing on the 3/4 wrap around porch, covered parking, storage shed all located in a great 55+ park with plenty of activities. Priced to go quick so call now for more information. For more information on this property contact Clint or Mindy Cronic of Next Generation Real Estate Services at 530.227.0345 or visit us online at www.SellingRedding.com DRE License #s 01314114/01458166.
For more information on this listing or to view all featured listings Click Here!
September 21st, 2011 at 2:05 pm
How to Predict Local Home Prices
You’re about to put an offer on a home, but you’re worried that prices will sink and you won’t get the best deal. You’re putting your home on the market and you want to get the most you can for…
September 21st, 2011 at 12:05 am
A Lot of Home For The Money. – $19,900
Nice clean home with an open floorplan in desired Twin Lakes park. Home features seperate family and living rooms, large kitchen with breakfast bar and a nice indoor laundry room. Oversized master bathroom features double closets and bonus vanity area in bathroom. Enjoy relaxing on the 3/4 wrap around porch, covered parking, storage shed all located in a great 55+ park with plenty of activities. Priced to go quick so call now for more information. For more information on this property contact Clint or Mindy Cronic of Next Generation Real Estate Services at 530.227.0345 or visit us online at www.SellingRedding.com DRE License #s 01314114/01458166.
For more information on this listing or to view all featured listings Click Here!
September 20th, 2011 at 9:05 am
More Than Refis Needed to Fix Housing Market, Economy
More Than Refis Needed to Fix Housing Market, Economy
Article From BuyAndSell.HouseLogic.com
By: Matt Dornic
Published: September 14, 2011
Last week in his address to Congress, President Obama unveiled a $447 billion plan to create jobs and help stimulate the nation’s struggling economy. But the issue squarely at the heart of America’s economic woes – housing – was mostly absent from the president’s speech. The proposed package instead relied heavily on targeted tax cuts, infrastructure spending, new job training assistance, and a $50 billion extension of unemployment benefits.
Breezing over the housing crisis, the president noted only that his administration will work with federal agencies to help “responsible home owners” refinance their mortgages – hardly a plan to aid the now 25% of property owners (http://www.latimes.com/business/la-fi-housing-economy-20110912,0,7817381,full.story) who are underwater or facing foreclosure. RealtyTrac reported 200,000+ foreclosure filings in July.
Meanwhile, 4 issues continue to threaten the housing market. Moreover, current federal efforts to resolve the foreclosure crisis through refinancing have fallen short. So far, fewer than 1 million home owners have used the HARP program, a refinancing option under the Making Home Affordable (http://www.houselogic.com/articles/making-home-affordable-refinance-option/) program, which the Obama administration predicted would help 4 to 5 million Americans.
The health of the housing market is crucial to job creation and necessary for recovery. Consider how housing and home ownership impacts the U.S. economy:
•Housing accounts for more than 15% of the gross domestic product, making it a key driver in our national economy.
•Housing has led this country out of six of the last eight recessions.
•Every home purchased pumps up to $60,000 into the economy over time for furniture, home improvements, and related items.
•Each home sale touches dozens of different professions.
•Home sales in this country generate more than 2.5 million private-sector jobs in an average year.
For every two homes sold, a job is created.
Over the next few weeks, expect to see pundits and economists take to the airwaves to debate the long-term effectiveness of President Obama’s plan. And rightfully so. Much of the president’s package will do little more than temporarily buffer the blow from our troubled economy. For example, an extension of unemployment benefits – currently at 99 weeks – could face attack because it doesn’t directly correlate to job creation.
Others will wonder how an additional $447 billion in stimulus will be effective when $800 billion in funds from the 2009 Recovery and Reinvestment Act failed to remedy the job market. In short, the efficiency of each proposed tactic outlined in the president’s jobs plan is debatable.
The only surefire way to stabilize the economy and create American jobs is to invest in the recovery of the housing market
Do you think the refinancing proposal will help the housing market long term?
Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS® Copyright 2011. All rights reserved. Reprinted by Next Generation Real Estate Services DRE license #01314114.
September 20th, 2011 at 12:05 am
3/2 with new flooring, private backyard & pa – $115,000
Very nice turnkey home with usable floorplan featuring new flooring throughout, pantry and indoor laundry room off kitchen and two full bathrooms. Sliding doors off both master bedroom and dining areas to separate patios and a nice private backyard. Small detached workshop for hobbies or storage and attached 2-car garage. This house is ready to go. For more information contact Clint or Mindy Cronic of Next Generation Real Estate Services at 530.227.0345 or visit our website at www.SellingRedding.com DRE license #s 01314114/01458166.
For more information on this listing or to view all featured listings Click Here!
September 19th, 2011 at 11:05 am
20,000 John Deere Lawn Tractors Recalled
20,000 John Deere Lawn Tractors Recalled
Article From BuyAndSell.HouseLogic.com
By: Lisa Kaplan Gordon
Published: September 15, 2011
More than 20,000 John Deere lawn (http://www.houselogic.com/articles/lawn-maintenance-calendar/) tractors are being recalled by the U.S. Consumer Product Safety Commission (http://www.cpsc.gov) and equipment manufacturer John Deere (http://www.johndeere.com).
The voluntary recalls includes:
•15,500 lawn tractors — D100, D110, D120, and D130. The hardware that holds the mower blade brake assemblies can fail, posing a laceration hazard (http://www.cpsc.gov/cpscpub/prerel/prhtml11/11325.html).
•5,200 D100 lawn tractors in which the brake assembly (http://www.cpsc.gov/cpscpub/prerel/prhtml11/11326.html) to the transmission housing can break and send the tractor out of control.
These tractors were sold at John Deere dealers, Lowe’s, and Home Depot stores nationwide from October 2010 until September 2011. The D100 tractor was not sold in California. No injuries have been reported.
Last October, Deere recalled 6,450 EZtrak Zero Turn Lawn Mowers because the steering lever could lock and remain in drive.
For additional information, call Deere & Company at (800) 537-8233, or visit the company’s recall website.
Do you own one of these recalled lawn tractors? Have you had trouble with it?
Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS® Copyright 2011. All rights reserved.
September 18th, 2011 at 10:05 am
“Keep Your Home California” Program
With all of the short sales and foreclosures in our local real estate market, it is good to share some information on other options that might be available to California residents that have had suffered some sort of financial hardship making it hard to make payments on their home.
The “Keep Your Home California” program is a CalHFA mortgage assistance program designed to help low and moderate income homeowners retain their homes if they have suffered a financial hardship. In order to apply, according to the website www.keepyourhomecalifornia.org your financial situation must meet these requirements:
- Are You Low or Moderate Income? Check this Income Table and match the county you live in with your household income. Your gross family income should be less than or equal to the amount shown.
- Have You Suffered a Financial Hardship? To be eligible, you must be experiencing a financial hardship that puts you at risk of default due to changes in household circumstance such as a death in the family, illness, disability, unemployment or loss of income.
What programs/benefits are offered through the program?
Unemployment Mortgage Assistance Program (UMA) – Intended to assist homeowners who have experienced involuntary job loss. UMA will provide temporary financial assistance in the form of a mortgage payment subsidy of varying size and term to unemployed homeowners who wish to remain in their homes but are in imminent danger of foreclosure due to short-term financial problems. These funds can provide up to six months of benefits with a monthly benefit of up to $3,000 or 100% of the existing total monthly mortgage, whichever is less.
Mortgage Reinstatement Assistance Program (MRAP) – Intended to assist homeowners who have fallen behind on their mortgage payments due to a temporary change in a household circumstance. MRAP will provide limited financial assistance in the form of funds to reinstate mortgage loans that are in arrears in order to prevent potential foreclosures. These funds can provide benefits of up to $15,000 per household.
Principal Reduction Program (PRP) – Intended to assist homeowners at risk of default because of an economic hardship coupled with a severe decline in the home’s value. PRP will provide capital to reduce outstanding principal balances of qualifying borrowers with negative equity. Principal balances will be reduced in an effort to prevent avoidable foreclosures and promote sustainable homeownership. The principal reduction program will most likely be a prelude to loan modification. (Servicers that contribute through matching funds increase the benefit for homeowners).
Transition Assistance Program (TAP) – Intended to promote community stabilization by providing homeowners with relocation assistance when it is determined that they can no longer afford their home. TAP will be used in conjunction with a servicer-approved short sale or deed-in-lieu of foreclosure program in order to help homeowners transition into stable and affordable housing. Homeowners will be responsible to occupy and maintain the property until the home is sold or returned to the servicer as negotiated. Funds will be available on a one-time only basis.
So how do you know if your lender participates in the program? Click Here to view the list of participating lenders and/or call Toll Free 888-954-KEEP(5337) to get more information.
If you would like to talk with a local Shasta County Realtor we’d be happy to assist you with any questions that you may have regarding this program or other foreclosure alternatives. Just call Next Generation Real Estate Services at 530.222.4227. DRE license #01314114.
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