alameda: FHA Mortgage Insurance is Going Up_ Does it Make Sense to do an FHA Streamline Refinance in Oakland Alameda Berkeley? - 03/04/13 09:03 AM
Does it make sense to take advantage of today’s rates while resetting your mortgage insurance AND taking a higher mortgage insurance rate?
As a loan officer, this is definitely one of the most challenging questions we face when handling a refinance. Especially when FHA Mortgage Insurance will be on the rise again April 1st 2013.
In order to take advantage of today’s rates when refinancing an FHA mortgage there are two major things to consider.
1 – The Proposed Rate vs. Your Current Rate – how much interest will you be saving monthly? What are the long and short term benefits and … (0 comments)

alameda: 4 Easy Tips to Use Video Marketing as a Real Estate Agent - 06/07/12 05:05 AM

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I hope you enjoy my latest video - 4 Easy Tips to Help Make you MONEY in Video Marketing!
Don't forget we are here for your Direct Lender Pre Approval Letters. Conventional, Jumbo, FHA, VA, 203K- Cell/TXT 510.282.5456,

alameda: Writing an offer with 203k financing in Oakland Alameda, San Francisco - 05/14/12 05:15 AM

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Oakland Ca., It’s no secret we’ve discussed this before, there are some properties on the market with deferred maintenance right? Well it can be tricky for first time buyers to get into these well priced properties due to financing restrictions. That’s why more and more we are seeing 203K offers when necessary, a loan that actually allows you to finance the construction of the property after the close of escrow. Now the big questions is “How do you write an offer on a 203K property?”
Step 1
Put 203K in the Purchase Contract – Now this … (0 comments)

alameda: Sewer Lateral Repairs and 203k Financing in Oakland and the East Bay Area - 05/04/12 03:32 AM

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Oakland, Ca. As you may know, in many cities, a sewer lateral inspection/repair is a requirement in every real estate purchase transaction. Specifically in Oakland after January 16, 2012 all homes purchased are now required to obtain a certificate of compliance from EBMUD. So what does this mean exactly?
The EPA among other agencies is requiring six East Bay cities and one sewer district to fix old, cracked sewer pipes to ensure they don't allow the infiltration of rainwater which can overwhelm water treatment facilities and pose a threat to public health.
When are property owners required … (0 comments)

alameda: Home Owner Bill Of Rights on Foreclosed Properties in California San Francisco Oakland Alameda - 04/24/12 04:37 AM
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 San Francisco; Ca; A Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills entered Focused on the impacts of foreclosure.
California Attorney General Kamala D. Harris’s office said that the proposed legislation seeks to protect homeowners from unfair banking practices related to foreclosures and provide remedies for communities threatened by blight from foreclosed properties.
Two of the bills would provide local communities with the ability to bring increased penalties against the owners of blighted properties deterioration, faulty planning, inadequate or improper facilities, deleterious land use or the existence … (1 comments)

alameda: How Long Until You Can Buy Again After Short Sale, Foreclosure or Bankruptcy in Alameda, CA? - 02/13/12 07:44 AM

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A lot of people ask this question and it’s a great question.
And the answer is- That depends. You see, guidelines are always changing and will continue to change over the next few years.
In fact they JUST changed! So here is how it stands today…
Bankruptcy – You may apply for a Conventional, Fannie Mae loan after your bankruptcy has been discharged for FOUR (4) years.
Foreclosure – Home was given back to the bank – no owner participation.
- 7 years from the date the foreclosure was completed and transferred back to the bank … (1 comments)

alameda: HARP 2 Guidelines for Refinances Appraisals Waived Montclair Oakland Piedmont - 11/01/11 10:12 AM

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The big news this week is HARP.
THE Home Affordable Refinance Program has been “re stringed”
HARP was designed to assist distressed borrowers who are current on their mortgages but “underwater” meaning they owe more than their home is worth.
It’s no surprise several studies identified these borrowers as being likely to strategically default on or walk away from their homes and foreclose.
While regulations won't be finalized until November 15th the changes to “Harp 2” include -
•Removing the 125 percent loan-to-value. •Waiving risk-based fees on borrowers who take shorter term mortgages and reducing those fees … (0 comments)

alameda: How 203K Financing Can End the Foreclosure/REO Epidemic in Piedmont - 10/18/11 08:54 AM
In San Francisco, Oakland, and Alameda, we are getting more and more requests for 203K Financing which is very exciting. This is the best product in the real estate finance industry hands down! It may not make you the most money, purchase prices can be on the low end. It definitely isn’t the easiest loan out there but there is no such thing as an easy loan anymore . And yes, there is more paperwork in a 203K.
That being said the 203K is the only loan that appreciates months after funding. There are a lot of things put … (0 comments)

alameda: The New Government Refinance Program ALAMEDA MORTGAGE MINUTE REAL ESTATE - 09/01/11 11:53 AM
Having trouble viewing? Watch on You Tube! … (0 comments)

alameda: FHA 203K and Energy Efficient Upgrades in Oakland, CA - 06/28/11 05:50 AM
The Buzzz presents 203K financing with Energy Efficient Possibilities. Here we look at renovating a home using FHA 203K rehabilitation financing. Kate McCaffrey of McCaffrey Custom Construction and Bayside Real Estate in Alameda Ca discusses energy efficient ideas that could possibly be financed with your mortgage using the FHA 203K loan. For more information on FHA 203K Rehabilitation loans or making your home green contact the Werdmuller Group! We are in contact with a local 203K consultant and contractor with experience doing these types of transactions, successfully! … (0 comments)

alameda: VA Refinancing Options for Eligible Homeowners in Alameda, CA - 04/15/11 11:19 AM
Here in Alameda, much of the higher priced real estate on Harbor Bay Island, or Bayfarm Island, has been hit hard recently by the market. Many pockets of the Bay Area are stable now, however, this higher priced area is losing equity.  We were able to help many of the Veteran Homeowners refinance and save their homes with a niche VA refinance product. We can go to 95% of the current appraised value and the best part is there is no Mortgage Insurance!
Now is an incredible time to refinance your home with a VA mortgage loan! You can take advantage … (0 comments)

alameda: Video - Green Home Expo Snippets Alameda Ca - 07/26/10 10:04 AM
The Green Home Expo was a hit! 50+ vendors, speakers, and sponsors! If you want to contribute check out or … (0 comments)

alameda: Slide Show - Green Home Expo Slideshow Alameda Ca 94501 - 07/26/10 10:01 AM
The Green Home Expo was a hit! 50+ vendors, speakers, and sponsors! If you want to contribute check out or … (0 comments)

alameda: REALTORS Bring Green Home Expo to Alameda Towne Centre - 05/17/10 11:35 AM
From the Alameda Association or Realtors Press Release...
Homes in Alameda have a new favorite color, and it's green.
Don't worry: our prized Victorians won't lose those colorful yellows, purples, and indigo exterior finishes; it's just that these beautiful homes may boast more and more "green" features. Many homeowners and home remodelers in the Island city are choosing a more eco-friendly approach to their dwellings, mirroring a national trend toward more eco-friendly housing and lifestyles.
With the advent of technologies aimed at energy conservation and improved performance, green homes focus on blending resource-efficient devices like tankless water heaters and dual pane … (0 comments)

alameda: Caught in the Fire - The Short Sale Epidemic - 10/16/09 05:25 AM

alameda: Bay Area Existing Home Sales and Foreclosure Filings Rise....hmmmm - 07/27/09 04:53 AM
The shift has changed almost instantaneously here in the Bay Area from a cold and quiet climate to multiple offers, overbidding, and a LOT of buyers writing offers!  According to the SF Chronicle "Bay Area home prices rose month-over-month for the third straight time as sales reached their highest level in three years in June, fueling hopes that the limping real estate market is slowly beginning to heal."
The median price paid for an existing, single-family home across the nine-county region was $360,000 in June, down 29.4 percent from a year earlier but up nearly 7 percent from May, according to … (2 comments)