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menlo park homes: Mini-Bailout Plan For Menlo Park - 07/29/09 04:56 PM
 
Local governments are also pitching in on rescue plans for the economy, particularly in real estate. If we have the first time homebuyer tax credit on a national scale, Menlo Park has its own contingency measures to boost the city’s economy.
Andy Cohen, councilman in Menlo Park City, has submitted a proposal that focuses on foreclosed homes. He proposed allotting a $2 million budget for buying foreclosed homes, renovating them, and then selling the improved homes at prices below their current market values.
The budget will be taken from below-market rate housing funds. The limitations to the proposal are only … (0 comments)

menlo park homes: Menlo Park Purchase Assistance Loan Program - 07/22/09 03:05 PM
First-Time homebuyers in Menlo Park can avail of an affordable subordinate loan program that helps middle- income families purchase their own home in Menlo Park through the Purchase Assistance Loan Program (PAL).
To qualify, the homebuyer should have lived or worked in Menlo Park for at least one year. The benefits of PAL include:
1. Loans of up to 20% of a home’s selling price or $75,000, whichever amount is lower.
2. No maximum restriction on the selling price.
3. Maximum loan term of 35 years with 0% loan interest and no payments for the first 5 years and a fixed … (0 comments)

 
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Todd Beardsley

Palo Alto, CA

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Menlo Atherton Realty

Address: 1010 El Camino Real, Palo Alto, CA, 94025

Office Phone: (650) 630-3313

Cell Phone: (650) 630-3313

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