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Final Blog Post of 2008...looking forward to 2009! - 12/30/08 01:35 PM
This is likely my last blog post of 2008. I am sitting in terminal A15 at Sacramento International Airport, waiting for my flight...I had no idea that there is free WiFi in the airport! I am heading to Phoenix to ring in the new year with my best friend since the 7th grade. She is attending Medical School there, and I have not seen her in 2 years since she basically lives and breathes medical school. I am VERY excited.Over the last couple days, I have been doing a lot of reflection on 2008 - from both a personal perspective and (7 comments)
The Importance of Getting Listing Feedback - 12/22/08 02:54 PM
Have you ever stepped into someone's home and; gasped at the lime green accent wall in the living room? gagged from the nauseating pet odor? noticed the constant hum of traffic noise once you were inside? thought the burnt orange shag carpet was best left in the 70's? wondered why they had not cleaned up before you arrived? shivered from the chilly temperature inside? thought the furniture arrangement was awkward? Let me guess - you probably noticed, but did not mention anything to the owner, right? The owner probably loves that green accent wall, has not noticed that pet odor, has (2 comments)
Not Every Condo or PUD in Sacramento is Approved for VA Financing... - 12/21/08 12:04 AM
I have been having a heck of a time over the last 10 days or so trying to find a Sacramento area condo that is located in a community has been approved for VA financing. My client can spend up to $150k, and is looking for a newer construction condo with a garage. Should be simple, right? No. While an MLS search yields practically 100 matches, there are only 2 units that are VA approved...those units are in areas where my client is not interested in living (Elk Grove and Fair Oaks).It turns out that there are only 35 condo communities (2 comments)
Sacramento County Rental Housing Registration And Inspection Ordinance - 12/17/08 11:34 PM
Looks like the County of Sacramento is following the City of Sacramento's lead with regard to the City's rental housing inspection ordinance.Last week the Sacramento County Supervisors introduced its own Rental Housing Registration And Inspection Ordinance. Get ready folks...it was adopted today. The County's ordinance is a bit different from the City's ordinance. The County has an option for a self-performed inspection and certification. (4 comments)
Just make that rent check out to Fannie Mae... - 12/16/08 06:43 PM
Yahoo News is reporting that tenants in properties foreclosed by Fannie Mae may get to stay...for a while.The new Fannie Mae policy, which would go into affect before January 9, 2009, would allow renters living in foreclosed properties to sign new short term leases with Fannie Mae while the property is up for sale. Not sure how many folks this will help in Sacramento...or CA as a whole for that matter? There is a 60-day notice to tenants provision in state legislation (SB 1137) that passed earlier this year. (3 comments)
Buyer Wanted: APPROVED SHORT SALE IN NATOMAS! - 12/11/08 02:56 PM
Story of my life. Broken record. What else is new? Got one of my short sale listings approved, and the buyer didn't stick around. So...if you want a great, single story 4 bedroom, 2.5 bathroom, 2,284 square foot Natomas home - check out 3436 Hornsea Way. It was approved for $274,800, and offers a buyer credit of $8,190 toward closing costs. (2 comments)
100% Financing in Sacramento...is it possible???? - 12/04/08 05:15 PM
Well...perhaps happy days are here again if you are a buyer looking for 100% (zero down) financing in Sacramento, (and basically most of the state of California)? A downpayment assistance program resurfaced last month. This is not a seller-funded downpayment assistance program a la Nehemiah or Ameridream - those are still banned per the provisions in HR 3221, and it does not look like seller-funded downpayment assistance will be coming back any time soon (no sooner than when HR 6694 passes, if it ever does).I am pleased to talk about the National Homebuyer's Fund Program. I briefly mentioned this in a blog about first time buyer (6 comments)
LandAmerica files for Bankruptcy Protection... - 12/01/08 10:04 PM
According to a press release on LandAmerica's own website dated 11/26/08, the title insurance company and a 1031 exchange subsidiary company have filed for bankruptcy protection. Surprisingly (perhaps just the sake of timing around the holiday?), I have not heard about this at all in the media.This I just don't get? It seems that for the majority of my REO transactions, these guys seem to be the preferred title insurer. (7 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.