ARCHIVED BLOG POSTS
2008
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Join us at January's Elk Grove Investor Club Meeting (Elk Grove REIA) Learn the ins-and-outs of Renting to a Section 8 Tenant Meet a representative from the Sacramento Housing and Redevelopment Agency find out how the government can subsidize your tenant's rent.The Housing Choice Voucher Program...
12/30/2008
HUD released an update recently that made 12 months seasoning mandatory for those homeowners who want to refinance their conventional loan into an FHA loan. (The following only applies only to refinances of existing conventional loans into FHA loans) The subject property must have been owned b...
12/26/2008
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We had a great time with our family this year. First we were able to go down to my families house in Carmel and spend a couple days with my Gramie! It is always great when you can bring your work with you and work remotely. We had three closing this week, so we had to juggle a little! Thank goo...
12/26/2008
This is a follow up regarding the temporary suspention of the CALHFA loan programs. Here is a link to the original post:http://activerain.com/blogsview/845290/Yikes-California-State-Budget-Crisis-Temporarily-Halts-CALHFA-Programs Per CALHFA... Only existing reservations made on or before Decemb...
12/23/2008
California State Budget Crisis Temporarily Halts CALHFA Programs! Who the heck is CALHFA.. you might ask! For over 30 years, California Housing Finance Agency (CalHFA) has supported the needs of renters and first-time homebuyers by providing financing and programs that create safe, decent and aff...
12/19/2008
4%!!!! What! That is right! For a couple hours yesterday afternoon we saw interest rates in the 4.5% range! Normally any time we see the Federal Reserve cut their Fed Funds Rate, as they did yesterday, the market does not always react the way consumers think. Remember that cutting the Fed Funds...
12/17/2008
Our appraiser just got this email from Fannie Mae and he forwarded it to me to share! Here is the email... "Dear Fannie Mae Appraiser: Effective immediately, Fannie Mae has expanded the scope of the previously announced foreclosure halt to include all single family properties (1 - 4 units), regar...
12/17/2008
The central bank on Tuesday said it had reduced the Federal Funds Rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October. Many analysts had expected the Fed to make a smaller cut ...
12/16/2008
As a regular speaker at 2 local Sacramento Investor Clubs, a large percentage of our business is non-owner occupied purchases. I got a call today from a gentleman who wanted to buy an investment property in the Sacramento Area. So far so good.. He had plenty of funds for a down payment...check! ...
12/15/2008
I am a little late in posting my thoughts from our last Sacramento Investor Tour 2 weeks ago. On our last tour we viewed homes primarily in the South Sacramento area. I am still amazed at what you can get for your money in the current real estate market. One home stood out above the rest and was...
12/14/2008
Rainmaker
266,299
266,299
Erin Newington
Sierra Foothills Realtor