If You Don’t Buy a House Now, You’re Stupid or Broke
December 9, 2009 by Jeffrey Simons · Leave a Comment
A recent article in Business Week caught my eye. Please take a minute to read the following and let me know your thoughts.
Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth
Well, you may not be stupid or broke. [...]
WHAT TO EXPECT WHEN BUYING A DISTRESSED PROPERTY
December 5, 2009 by Jeffrey Simons · Leave a Comment
Being an Informed Buyer Will Reduce the Stress and Surprises of Your Home Search and Purchase
SEARCHING
1) Homes may be listed as Active, but they may have many offers or they may already be Sold.
2) Homes may be a Short Sale, even if it is not clearly identified.
3) Most home features may not be [...]
More good news for consumers… Tax Credit extended!
November 5, 2009 by Jeffrey Simons · Leave a Comment
More good news for consumers, our members, and the housing market recovery. Following the Senate’s favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. As you may know, C.A.R. and our partners [...]
NO NEW 21-DAY TURNAROUND REQUIREMENT FOR SHORT SALE APPROVALS
October 8, 2009 by Jeffrey Simons · Leave a Comment
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
NO NEW 21-DAY TURNAROUND REQUIREMENT FOR SHORT SALE APPROVALS
Recently enacted Senate Bill 306 does not require lenders to review short sale requests from sellers and their agents within 21 days. The new California law, which addresses certain escrow procedures, has been mischaracterized by [...]
Changes coming… Senate Bill 306.
October 1, 2009 by Jeffrey Simons · Leave a Comment
As you may or may not already know… senate bill 306 was just signed by our govener. Based on the recent changes this is what you should expect:
Senate Bill 306, signed into law this September, changes some of the rules for California real estate short sales . [...]
Loan Modification Attorneys Under Investigation!
September 29, 2009 by Jeffrey Simons · Leave a Comment
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality [...]
Short sale challenges….
September 24, 2009 by Jeffrey Simons · Leave a Comment
This market has continued to create challenge after challenge…
I’m not going to tell you that I have all the answers and that I know how to get through every situaltion… What I believe would help, would be for entire industry to CHANGE…
Imagine if we all worked together to reach the same results… how great [...]
More Great News to Stimulate First Time Home Buyers!!!
April 1, 2009 by Jeffrey Simons · Leave a Comment
You may or may not know… there are changes in the Real Estate Market every day! Check out this great article which is designed to continue to keep the California Real Estate market moving!!!
I am very pleased to announce that this Thursday, April 2, C.A.R. will launch a new program designed to provide peace [...]
Orange County Market conditions are creating confusion…
March 10, 2009 by Jeffrey Simons · Leave a Comment
Often times I’m asked “If this is a buyer’s market, why is it so hard to find a home, or why are there so many offers”?
My answer: This market is constantly changing and there is continued change in our economy, the stock market, interest rates, the legislation, the short sale and foreclosure markets and much [...]
Final score: $8,000 for homebuyers
February 17, 2009 by Jeffrey Simons · Leave a Comment
First-time purchasers get a tax credit windfall if they buy before December.
NEW YORK (CNNMoney.com) — There’s a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama’s signature on Tuesday. First-time buyers can claim a credit worth $8,000 – or 10% of the home’s value, whichever is less – on their 2008 [...]