LISTING SLIDE SHOW--STUNNING HORSE PROPERTY IN THE CALIFORNIA FOOTHILLS - 03/30/12 01:31 PM
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Mortgage Rates Are Moving Back Up--Have You Waited Too Long? - 03/30/12 01:06 PM
MORTGAGE RATES ARE MOVING BACK UP
 
Have you waited too long? 
 
We have been advising potential buyers for months that housing prices and interest rates are so low that it is time to take the plunge.  The present housing market is one that we are not likely to see again in our lifetime. Some have decided to follow our advice while others have not.
 
Some tell themselves that they are waiting for the bottom of the market.  The problem is that the only way to know when we hit the bottom is when we look back … (0 comments)

HIDDEN MORTGAGE FEE TO INCREASE SOON! - 03/12/12 02:25 PM
HIDDEN MORTGAGE FEE TO INCREASE SOON!
 
When you go into one of the major banks to get a home, loan chances are good that they will sell your loan on the secondary market soon after loan origination.  Odds are that you not write many payment checks to the originating bank.  They take that cash and use it to originate more loans.
 
Fannie Mae and Freddie Mac, the two huge Government Sponsored Enterprises, purchase most of these loans and sell them to investors. The originating banks follow Fannie Mae and Freddie Mac loan guidelines to ensure that there will … (2 comments)

BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR EL DORADO HILLS, CA – FEBRUARY 2012 - 03/10/12 12:20 PM
BANK OWNED (FORECLOSURE/REO) HOME SALES DATA FOR EL DORADO HILLS, CA – FEBRUARY 2012
 
This is the latest monthly report of our more than four-year study of bank owned (foreclosure/REO) home sales in El Dorado Hills, CA.  This report covers February 2012.
 
There were eight bank owned homes sold in El Dorado Hills in February, down one from the previous month. 
 
The average days-on-market decreased from 65 in January to 42 in February.  Only one of the homes had been on the market for over 100 days. In addition, 37.5% of the homes that sold had been … (1 comments)

BANK OWNED (Foreclosure/REO) HOME SALES DATA FOR FOLSOM, CA – FEBRUARY 2012 - 03/09/12 01:24 PM
BANK OWNED (Foreclosure/REO) HOME SALES DATA FOR FOLSOM, CA – FEBRUARY 2012
 
This is the latest monthly report of our more than four-year study of bank owned (Foreclosure/REO) home sales in Folsom, CA.  This report covers February 2012.
 
There were 12 Bank Owned homes sold in Folsom this month, two more than in the previous month.
 
The average days-on-market decreased from 47 the previous month to 42 in February. Only one of the homes had been on the market for over 100 days, and 41.7% of the homes that sold were on the market for two weeks or … (0 comments)

ARE YOU THE VICTIM OF ROBO-SIGNING? - 03/07/12 04:24 PM
ARE YOU THE VICTIM OF ROBO-SIGNING?
 
Did you lose your home to foreclosure between January 1, 2008 and December 21, 2011?  Was your loan servicer, the company you paid your mortgage payments to, on this list?
 
Bank of America
Ally
Chase
Citi Bank
Wells Fargo
 
The United States Department of Justice recently announced a TWENTY-FIVE BILLION dollar settlement with these banks, to let them off the hook for alleged illegal Robo-signing activities. 
 
Robo-signing was the practice of having employees sign hundreds of documents per day, attesting to the fact that each properties’ foreclosure document file … (0 comments)

EL DORADO HILLS, CA HOME SALES DATA – JAN 2010 - 03/02/12 01:39 PM
EL DORADO HILLS, CA HOME SALES DATA – JAN 2010

The purpose of this post is to provide those interested in the El Dorado Hills, CA housing market data about that market. The first chart lists the cost-per-square-foot for all homes sold in El Dorado Hills by month for the past fifteen months.

Although there is a slight fluctuation from month to month, the viewer can see that there is not a downward trend. Nor have prices risen over the past fifteen months. We submit that the market is bumping along at the much-touted “bottom.” Those potential buyers … (0 comments)

FOLSOM, CA HOME SALES DATA – JAN 2010 - 03/02/12 01:14 PM
FOLSOM, CA HOME SALES DATA – JAN 2010

The purpose of this post is to provide those interested in the Folsom, CA housing market data about that market. The first chart lists the cost-per-square-foot for all homes sold in Folsom by month for the past fifteen months.

Although there is a slight fluctuation from month to month, the viewer can see that there is not a downward trend. Nor have prices risen over the past fifteen months. We submit that the market is bumping along at the much-touted “bottom.” Those potential buyers who decided to remain on the … (0 comments)

 
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Mike West -El Dorado Hills, CA CDPE, CNE, Licensed Loan Originator

El Dorado Hills, CA

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Heritage Oak Properties

Address: P.O. Box 5571, El Dorado Hills, CA, 95762

Office Phone: (916) 337-0658

Cell Phone: (916) 337-0658

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