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 Help For California Homeowners Struggling With Their Mortgage Payment!
There is a progam that was created in June 2010, and has access to nearly $2 billion in federal funds to help those homeowners in California prevent foreclosure. It's called Keep your Home California and here are four ways they can help:
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Unemployment Mortgage Assistance - This provides assistance to eligible homeowners that are suffering from unemployment.
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Mortgage Reinstatement Assistance Program - This helps eligible homeowners reinstate their first mortgage loan if they have fallen behind due to a "Short-Term" financial hardship.
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Principal Reduction Program - This helps eligible homeowners that are severely up-side down qualify for a sustainable loan modification by reducing the loan amount.
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Transition Assistance Program - This provides a one-time fund to eligible homeowners that have lost their home to relocate them to new housing.
There are eligibility requirements for all programs for homeowners and for the properties. To find out the specifics on each program visit the Keep Your Home California Website.
For answers to some of your questions about foreclosures, short sales, deed-in-lieu's, you can also visit www.ShortSaleOurHouse.com for more information and free reports.
 YES! You Can Buy A Home in the Greater Sacramento Area Home With Little to Zero Down Payment!
Buying a home with low to zero down is the easy part! It's finding a home that can be the difficult part in today's market. Our inventory's are at the lowest level since 2005! If you know anyone that has been thinking of selling, do them a favor and let them know that now is the time!
How can you purchase a home with little or zero down? There are a few ways...
CHDAP - California Home Buyer's Down Payment Assistance Program : This is a loan up to 3% of the purchase price that can be used for down payment assistance or for closing costs! It is a FHA loan so there is still 3.5% required down. All but 1% can come from this program, they do require that you have 1% of your own money down. This loan does not have to be paid back if you keep the home for the 30 years, if you refinance or you pay off the loan you will have to pay a low simple interest loan back to them. There are income restrictions so be sure to ask about them.
USDA : No, it's not just about beef! The United States Department of Agriculture has a program that offers a zero down, 100% financing in rural areas. In Sacramento County the areas of Galt and Wilton are included. In Placer County, you will find Lincoln, Sheridan, Auburn and several others. All of El Dorado county is covered. We do have a list of counties and areas that are covered that we can email you if you are interested. Or you can visit the USDA website to find out more information about the program and to see if you qualify.
VA : For our vets we do have the VA loan. This is a 100% financed loan, zero down. Couple that together with a seller credit for closing costs and it is possible to get into a home with NO MONEY down! Becasue this loan has no mortgage insurance it makes it one of the most affordable options. All veterans must qualify, the loan is not for all military veterans. You can visit the VA website for a very informative artilce to see what it takes to be eligible for a VA loan.
Gift Money : If you have a family member that loves you, they can gift you the required 3.5% down! :-)
If you have been thinking of buying a home, the time is now! Rates are at historic lows and home prices are still at the lowest they have been in years. Don't wait until it's too late. Why rent when you can probably own a home for less money a month than you pay in rent!
You can search for homes on the market and set up appointments on our website! Happy house hunting!
Great home for sale in the Foothill Farms area of Sacramento, CA. Newer home, built in 2002. Close to freeway and shopping. You will need to hurry before it's too late!
Foothill Farms Newer Home on Corner Lot
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Market Stats
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| $150,000 |
| Single Family Home |
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Main Features
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4 Bedrooms
2 Bathrooms
Interior: 1,474 sqft
Lot: 0.14 acre(s)
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Location
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5343 Andrea Blvd.
Sacramento, CA 95842
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Debbie Baldes
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 I Just Want To Look At Homes For Sale in Sacramento - Why So Many Different Status Types?
Buyers in the Sacramento Area have many questions when it comes to understanding the status of the listings in our market.
We have active, active short sale, active short sale contingent, pending release, pending, expired, expired pending, withdrawn cancellation and a few others! Here is a brief description of more common status types:
Active: This means that the listing is either a traditional seller or a bank owned sale.
Active Short Sale: This is a listing that the seller owes more on the home than they are selling it for and it will require the banks approval to let them sell the home and take the loss. How long will a short sale take? That is the question that I get all the time. There is no short answer to that. It really depends on many factors, the bank involved, how many loans there are, if there is mortgage insurance, does the listing agent know how to aggressively move toward the approval, etc. I have had short sales get approved within 24 hours and others have taken 4 months to get approved. I will say that most banks have really come around and are working cooperatively with agents and sellers to get these properties sold. The listings will stay at this status until an offer has been accepted by the seller and submitted to the bank for approval.
Active Short Sale Contingent: This is the status that the listing goes to once the seller has accepted an offer. In a traditional sale this would be a "pending" status but because the seller doesn't have the final say, it will stay as contingent until the bank approves the offer. Buyers can still look at properties that are contingent as a back up, but I always suggest seeing the active and active short sale listings first. If these properties loose their buyer they will come back on the market as an "Active Short Sale."
Active Pending Rescission: This usually means that the buyer that had been in contract is in the process of canceling and the property will be available once the official release has been obtained.
Pending: Once a listing is pending it will usually become a "sold" listing within 30-45 days.
Expired Pending: This means that the property is in pending status but the listing agreement between the seller and the listing agent has expired.
Withdrawn Cancellation: This means that the property is currently off the market and can not be shown.
You may have also noticed bold letters next to listings such as N or B. N means it's a new listing and B means the property was pending but is now back on the market.
Hope this helps. Good Luck and Happy House Hunting!
To view all listings on the market, no matter what the status! Visit my website!
An Unexpected Surprise!
After meeting with my first time home buyers and finding out what was important to them about buying their first home, we were ready to hit the road in search of their "perfect" home. Earlier this week I was showing properties to them when the unexpected happened....
We had looked at three houses, one of which looked very promising, it was a newer home with fruit trees, beautiful landscaping, granite counter-tops, a spacious loft, 3 bedrooms and ready to move into. It was a traditional seller which is a rare find in today's market. Then we moved on to a newer development and looked at a beautiful home there. Another top pick of the buyers. The development was in the final stages and there were still some brand new homes for sale. The community had several parks, bicycle trails and views of the snow capped Sierra Nevada mountains. It seemed like the perfect place to live in!
I suggested that we stop by the sales office and see what the brand new homes were selling for to compare them to the resale homes in the community. Well, today my buyers signed the paperwork and they will be home for Christmas!
This was something that they could not pass by, the developer threw in over $40,000 in upgrades including, front and back yard landscaping, new stainless steel appliances including the washer and dryer, window coverings and a $16,000 solar system. They also knocked off almost $50,000 off the builders original list price!! I tried to get the fancy patio and stone wall that the model home had in the backyard, but that was a no-go! Can't say I didn't try to squeeze a little more out of them! Oh, and NO HOA's and only $46 a month in mello-roos! WOW!
It is a great time to buy! If you have been sitting on the fence, GET OFF and lock in the low prices and the low low interest rates! If you want to take advantage of the last few homes for sale in this neighborhood which are all under $276,000, call me and I can fill you in on the details. AND, if you haven't owned a home in three years, there is even a zero down payment and zero closing cost plan that you don't have to pay for as long as you own the home for five years! (Certian rules and restrictions apply) You can move in for $0!!
Here is a picture that I snapped with my cell phone today. This is an amazing home.
Search now, for homes on the market in your area!
Thia is a great home, it has recently been reduced in price about 14,000!! Run don't walk!
Stunning Carmichael Home
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| $185,000 |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
Interior: 1,532 sqft
Lot: 0.23 acre(s)
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Location
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5961 Ellerslee Drive
Carmichael, CA 95608
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Debbie Baldes
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 All Houses Do Not Have Equal Protection!
Well, today both my Sacramento home seller and myself learned a valuable lesson. Always read the fine print and never assume anything. At the buyer's final walk through yesterday, they walked through a very disturbing scene. Vandalism. The house they were buying, and I am selling, had been struck by vandals. The sink was gone, windows were broken, water heater unaccounted for, brand new carpet missing, cabinet doors un-installed, interior doors removed, bathroom vanities missing in action! 
That's ok we can call the insurance company right? Isn't that what we carry insurance for, emergencies like this?
Bad News....the property was not covered due to one exclusion, it had sat vacant for more than 30 days so the insurance policy would not cover the damages.
Home owners, please take out your policies, review them and see what your coverage consists of, don't wait until it's too late and there is nothing you can do. Don't be caught off guard in an unfortunate event such as this.
If you are selling a home remember, a vacant home is like a shiny Christmas present under the tree staring at a little child. Hard to resist! If you must leave the house, install an alarm, let someone who needs a place to stay for a while move in, take precautions so that you don't walk into a problem like this! If you find yourself in a situation where your house will be vacant, be sure to contact your insurance company and add on some type of endorsement to cover against any damages that might occur.
Please take some time to visit the California Department of Insuarance to find additional information on protecting your home.
Spacious Antelope, CA Home For Sale
Antelope homes are moving very fast. If you are looking for a home in Antelope, you must act quickly. The good homes are in contract within a few days! Antelope offers newer homes at affordable prices. You can search more Antelope homes for sale when you visit our website.
This home is clean and ready to move into, because it is located in the Roseville Unified School District it makes this home even more appealing.
Spacious Home in Antelope, CA
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Description
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Market Stats
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| Contact us for pricing |
| Single Family Home |
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Main Features
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3 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 1695 sqft
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Location
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8125 Castle Wynd Drive
Antelope, CA 95843
USA
To get updates on open home dates and other property events, please click the "Like" button below:
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Debbie Baldes
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 Citrus Heights, CA Back to School Already?
I remember growing up and dreading Labor Day weekend because it meant September was upon us and we were heading back to school. Now that I have my own child, I realized school years start sooner and sooner. Tomorrow, August 22nd is the first day of school here in Citrus Heights, CA in the San Juan Unified School District.
The morning will come and the streets will be filled with children, backpacks and lunchboxes. For those who have not yet seen the San Juan Unified school calendar here you go!
I have included the list of holidays, breaks and teacher work days. I also noticed that over the years the names of the vacations have unfortunately become more "politically" correct, I have included the old fashioned names!
School Sessions
August 22: First Day of School
June 11: Last Day of School - YEAH
Holidays & Breaks
September 5: Labor Day
November 11: Veteran's Day
November 21-25: Fall Break (Thanksgiving Vacation)
December 19-January 2: Winter Break (Christmas Vacation)
January 16: Martin Luther King Jr. Day
February 20 -24: Presidents' Days & Break
April 2-6: Spring Break (Easter Vacation)
May 28: Memorial Day
Non-Instructional Days
August 19: Teacher Work Day
November 10: Elementary Teacher Work Day
January 17: Secondary Teacher Work Day
Have a great 2011-2012 school year!
Photo courtsey of freedigitalphotos.net and nuttakit
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Debbie Baldes, ABR, SFR, CDPE, e-PRO
Roseville,
CA
More about me…
Executive Properties
Address: 1050 Opportunity Dr., #145, Roseville, CA, 95678
Office Phone: (916) 960-0612
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