The FHA is nearly broke. It appears that another massive bailout is on the horizon: The FHA insurance program is materially undercapitalized and will require a capital infusion of $50 billion to $100 billion in the next few years – even if housing markets do not deteriorate any further. The study was written by Joseph [...] Read more
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California AG Supoenas Fannie & Freddie
Redding, CA: California Attorney General Kamala Harris reportedly sent subpoenas to Fannie Mae and Freddie Mac, requesting information about their servicing, foreclosure, and property leasing actions in the state. The LA Times was the first to report the action Thursday, reporting comments from an anonymous source “familiar with the matter” but who “was not authorized [...] Read more
BEFORE PREPARING THE SELLER FINANCED NOTE
By Guest Blogger Douglas Pryde. This is the second of three articles. Redding, CA: A seller-financed real estate sale is simply a real estate transaction where the seller acts as “the bank” or lending institution. The seller sets the sales price, determines and accepts a down payment, and then finances the remaining balance. The whole [...] Read more
Is a Home Inspection Good Enough?
In a typical home inspection, an inspector goes through the house looking for obvious problems and checking integral parts of the home like the foundation, exterior, electrical, plumbing and roof, structure, heating, garage, etc. While the home inspector will tell you whether items like the heater or stove work and if the plumbing is draining [...] Read more
Selling Your Note
By Guest Blogger: Douglas Pryde: Redding, CA This is the first of three articles. In some seller financed real estate situations, the property owner may have an immediate need for more cash than is available from the down payment, scheduled principal and interest payments. This situation may come about when the seller needs to have [...] Read more
Reposted by permission of Keeping Current Matters. Author: Christopher Reale, Director of Short Sale Operations at Lepizzera and Laprocina Title and Escrow Service. He is an expert on the short sale process. Redding, CA: Today’s ever changing real estate industry has brought upon some very challenging questions from our clients. We as counselors, want to [...] Read more
Things To Know When Going FSBO
Redding, CA – If you’re looking to sell your Redding area home in the near future, you may feel inclined to list it as a For Sale By Owner (FSBO) before working with a Realtor. For many, this is considered one good way to cut back on costs and possibly earn a little more profit [...] Read more
4 Common Pitfalls To Buying A Foreclosure Property
Redding, CA: Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties in the Redding area that are being put up for sale everywhere you turn. Of course, this can be very tempting for homebuyers as people can sometimes get properties for 30% [...] Read more
Shasta County Real Estate
If your looking for real estate in Shasta County, you’ve found the right place! We are currently in the process of launching a new site. Check back soon! Read more
