Bonita's Blog

Has finding a first home been struggle? Getting beat out by All Cash buyers? Multiple Offers on everything you are interested in? Here are a couple of ideas to think about: 1. Check out the homes listed by HUD. For CA, HI and GA, these homes are listed on the PEMCO website. Homes listed on the s...

Great news from HUD! The rule requiring a property to age at 90 days before it's last sale before using FHA-insured financing is going to be waived, with a few conditions, starting February 1st, 2010. The waiver will be in effect for 1 year. This is just what the doctor ordered for our FHA buyers...

We are starting to see a disturbing trend in and around the Sacramento area, so I thought I would share what we are seeing. Within the last 2 months or so, appliances and other items have been "walking" out of vacant homes with no signs of forced entry. What has been discovered is that the items ...

So now that we have been in this market for awhile, what is your best guess on when we will start coming out of it in your area? Here in the Sacramento area, we have been deep into foreclosures and short sales for nearly 2 years now, and I think we still have at least another 18 months to go. We ...

Ok, I have seen a lot of strange things over the past year of listing REOs. The strangest has to be this one! As I was taking pictures and making an inventory of property that was left behind, I stumbled on this old prosthetic leg in the corner of the garage.                                      ...

It seems like just yesterday that Financial Title closed their doors. Now we have LandAmerica shutting down their 1031 exchange, filing bankruptcy, and selling off part of the business to Fidelity. Who will be next? This downturn has affected all aspects of the business and we will keep seeing th...

FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays. This program became effective as of October 1st, 2008 and runs through September 30, 2011. Congress anticipates that as many as 400,000 ho...

Golden 1 Credit Union is offering 2 loan programs: Mortgage Rescue program for their members who are facing foreclosure on a loans from another lender. Mortgage Repair loan for their members who have lost the home to foreclosure and are trying to repair their credit and buy another home. I want t...

As children, we are always trying to please our parents and hope that they are proud of us. As adults, I think we still strive for that at times. I have been in Real Estate for just under 5 years now and the other day, I thought back to the day I knew my Dad was proud of me in my new career as a ...

As of July 1st of this year, it is illegal to use a cell phone while driving unless its hands free. Now, granted just the act of talking on the phone is a distraction, but actually using the handset instead of a corded or blue tooth headset is even more of a distraction. Right after the law took ...