santa cruz homes for sale: Santa Cruz County Foreclosures are not getting better, they are just taking longer!
- 08/04/10 02:28 PM
Santa Cruz County Foreclosures are not getting better, they are just taking longer! President Barack Obama's signature plan to combat the housing crisis has fallen short of its goals -- rather than significantly and permanently reducing home foreclosures, it is only delaying them. The administration unveiled its Making Home Affordable plan in February 2009. Obama vowed this program, would "enable as many as three to four million homeowners to modify the terms of their mortgages to avoid foreclosure." What was designed to induce lenders, servicers and investors to modify distressed mortgages through a series of cash incentives....is not working? Very few … (1 comments)
santa cruz homes for sale: Investors and Cash Buyers are back in the Santa Cruz County market,
- 02/10/10 04:22 AM
Investors are back in the market, and they are paying all-cash, mostly for property under $500,000. Last year I wrote 16 offers for my San Lorenzo Valley client. Each one was beat out by an all cash investor in a multiple offer situation. One listing in Ben Lomond, CA has 23 offers on it. The effect of this is to freeze out first-time home-buyers who have to get a loan. Banks are still chary about providing loans. About the only loans left for first-time buyers are FHA loans. So, while the first-time buyer is working through the loan process, the investors … (0 comments)
santa cruz homes for sale: Let's hear it for the title and escrow folks in Santa Cruz County
- 11/11/07 11:05 AM
from Patti Lyles @ SantaCruzRealEstateHomes.com Behind the scenes of each purchase and refinance transaction are the unsung heroes of our real estate market, all of the hard-working employees of the three title companies in Santa Cruz County: Santa Cruz Title, First American Title and Old Republic Title. A homebuyer or borrower probably will only have contact with his escrow officer for an hour while they are signing all of the miscellaneous loan and property transfer papers, a procedure that is affectionately called "the sign-off," but that is only the tip of the iceberg. An escrow is opened by the real estate agent as … (0 comments)
santa cruz homes for sale: Santa Cruz Reports: Median Price for homes Set new record
- 09/12/07 06:40 AM
Patti @ www.santacruzrealestatehomes.com Median Price for Homes Sets New Record It is hard to believe isn't it? But read all of this to better understand the breakdown. The median price for Santa Cruz County single-family, re-sale homes rose 1.8% in August, a year-over-year gain of 3.8% and a new record. Does this mean home prices are rising? I don't think so. This is just a statistical anomaly brought on by the weakness in the lower-end of the market. Higher priced properties are a greater portion of all sales thereby skewing prices. The median price for condos rose 1.8% to $509,000, an annual loss of … (0 comments)
santa cruz homes for sale: Want a Santa Cruz home? Get credit scores up because lenders are NOW looking for quality now.
- 08/26/07 05:39 AM
Patti @ www.SantaCruzRealEstateHomes.com Q: I want to buy a Santa Cruz Home in the next 60 days. You asked me what my FICO scores are. I just found out that the score was below what you would have liked. My FICO scores are a little low, is there a way I can improve my scores very quickly? A: The first rule of maintaining and keeping a healthy FICO score of 720 or higher is NEVER BE LATE! Primarily any MORTGAGE PAYMENTS. I can't emphasize the point of how important it is to never be late on your mortgage payments. But it is not … (0 comments)
santa cruz homes for sale: Magazine names Santa Cruz one of the nation's best cities.
- 08/18/07 03:10 PM
Outside Magazine latest issue names Santa Cruz one of the nation's best cities. Santa Cruz Home owners once again have proof they live in one of the best towns in America. The upcoming issue of Outside magazine names Santa Cruz in its annual list of the most desirable places to live. The editors at Outside Magazine said they chose Santa Cruz for its mix of laid-back and cosmopolitan atmospheres. The story describes it as, "old-time hippie culture, complete with dread locked street urchins and lots of wheatgrass, blending with the Volvos and BMWs of the high-tech crowd". John Bradley, a senior editor for Outside Magazine, … (0 comments)
santa cruz homes for sale: How do vacation rentals work in Santa Cruz?
- 08/15/07 05:28 AM
Q. How do vacation rentals work in Santa Cruz? A. First of all this is a function of specific rules (ordinances) in City of Capitola and the lack of any rules in the City of Santa Cruz, and in Santa Cruz County areas. As for the City of Capitola, there are strict ordinances that govern daily/weekly/vacation rentals. (That is any time period less than 1 month or 30 days.) The property must be zoned commercial and in the Village, Downtown to be rented in this manner. Also, there is a 10% hotel tax (otherwise known as room tax or transient tax) due … (0 comments)
Santa Cruz County Foreclosures are not getting better, they are just taking longer! President Barack Obama's signature plan to combat the housing crisis has fallen short of its goals -- rather than significantly and permanently reducing home foreclosures, it is only delaying them.
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