About Paradise California 03/02/2010

Qualifications for a Short Sale in Paradise California Tammy Vertrees, Paradise California Realtor® Before you eagerly climb aboard the short sale bandwagon, consider the following to determine whether you may qualify for a short sale. If you cannot answer yes to these requirements, you may not qualify for a short sale. • The Home's Market Value Has Dropped. Hard comparable sales must substantiate that the Paradise California home is worth less than the unpaid balance due to the lender. This unpaid balance may include a prepayment penalty. • The Mortgage is in or Near Default Status. It used to be that lenders would not consider a short sale if the payments were current, but that is no longer the case. Realizing that other factors contribute to a potential default, many lenders are eag... 03/01/2010

Town of Paradise First-Time Homebuyers Program for Paradise, CA Tammy Vertrees, Paradise California Realtor® The Town of Paradise offers a deferred, low-interest loan to eligible first-time homebuyers based on Federal 2009 Income Limits as downpayment assistance to purchase a Paradise, CA home. A first-time homebuyer is someone who has not owned a home in the past three years. The loan is a “bridge” or “gap” loan meaning that the loan amount is based on the difference between what the borrower can afford and the amount of money needed to purchase the Paradise CA home. The loan is secured by a note and a deed of trust and does not require monthly payments. The loan is due when the Paradise CA home is sold; the homeowner stops using it as their principal residence; or the title is transf... 02/25/2010

Tammy Vertrees, Paradise California Realtor® Buy Now! Beat The Spring Rush Down market. Up market. It doesn't matter. Spring showers typically bring spring buyers.  But if you wait for the seasonal thaw you'll join what could be a throng of market savvy buyers who have already scoped the lay of the land and are elbowing for position. In many communities, an over-supply of homes for sale with reduced prices, foreclosures, auction sales and sellers shopping for short sale buyers, all make it an opportune time not to procrastinate. "We are seeing a confluence of events that contributes to the increase in the number of closed sales." "Interest rates are at a record low and the affordability index nears a 5-year high. For first-time buyers, rents are skyrocketing and that's an added incenti... 02/22/2010

Paradise CA Real Estate - Top 10 Most Dangerous Drivers by Profession - Paradise CA Homes For Sale                              Have you ever wondered which professions have the most dangerous drivers?  Well the findings may surprise you.  The survey is based upon the results of accident history of insurance policy applicants.  While the results don't rule out REALTORS I glad we didn't actually make the list. Top 10 Most Dangerous Drivers by Profession 1. Attorney/Judge - 44% of attorneys seeking insurance quotes had a previous accident claim 2. Financial professionals 3. Government worker 4. Bartender or Waiter  5. Other – Professional 6. Dog Groomer  7. Marketing/Advertising  8. Barber/Stylist  9. Coach  10. Nurse    The least dangerous drivers? * Athletes 17% * Homemakers 24% source:... 02/20/2010

Man's Best Friend May Cost You A Home Sale As beloved as pets may be to sellers they can be a detriment to the sale of a home. One of the main reasons has to do with how convenient it is for buyers to see your home. There can be issues caused by the pets that make seeing your home more difficult than viewing other properties. For instance, if sellers have to be called first before their home can be shown this can make it less appealing to buyers and agents. You've got issues of access because you might have special pet instructions such as remove pets prior to entering home. This makes it so agents and buyers have to set special appointments. In today's market, anything that impedes a showing is a hindrance to selling the house. It's not just access to viewing the property that causes ... 02/15/2010

                 Paradise CA Real Estate - Lake Oroville, Oroville Dam - Paradise Homes For Sale                          Lake Oroville is a large man-made reservoir created by Oroville Dam in central Northern California in the foothills of the Sierra Nevada.  Located east of Oroville, California in Butte County. Capacity of 3,537,580 acre feet  Created by the Oroville Dam on the Feather River Completed in 1968, Oroville Dam is the tallest earthen dam located in the United States, measuring over 770 feet (235 m) high and 6,920 feet across. Shoreline estimate 167 miles The lake supplies water that is transported to the San Francisco Bay Area and southern portions of the state. The dam hosts an underground hydro-electric plant that was completed in 1967 Generating a maximum  capacity of 8... 02/13/2010

Paradise CA Real Estate - Market Report-February 12,2010 - Paradise CA Homes For Sale                                                    CURRENT ACTIVE Paradise CA Real Estate MLS LISTINGS FOR SALE 194 HOMES PRICE RANGE MLS PENDING & ACTIVE                                 $7,500 - 900,000 CURRENT MLS PENDING SALES                                                      33  HOMES SOLD JANUARY 1, 2010, YEAR TO DATE                                            26 HOMES     Buyers and Sellers Seeking Transaction Assistance With Paradise CA Real Estate Contract: Phone: 530-370-1818                                                                                             Email: 530-370-1818   SEARCH PARADISE CA REAL ESTATE                                             SEARCH PARADISE CA INFORMATIO... 02/12/2010

Paradise CA Homes For Sale, Rated #10 Top Best Places to Retire, ParadiseCA Real Estate If you are seeking your piece of paradise you may well have found it. The town of Paradise CA was voted #10 out of the top 20 best retirement values, but there is no skimping required here. With it's plentiful tall evergreen trees the area provides just a hint of an alpine influence providing pleasant respite from the Valley's warm summers. The initial impression is of a quaint community. As you travel the town's numerous tree lined streets that initial impression slowly gives way to the presence of a town rich in culture, medical services and shopping opportunties. Visitors will be slow to realize the community supports approximately 27,000 residents.                                                 ... 02/07/2010

Federal Reserve To Purchase Additional 1.25 Trillion In Mortgage Securities- Paradise CA Real Estate                                         Press Release Federal Reserve Bank, Board of Governors, Date: January 27, 2010 I know you're saying it doesn't sound like much. But a trillion dollars here and a trillion dollars there, pretty soon your talking real money. In theory these purchases have a stabilzing effect on interest rates allowing lenders to recapitalize and reinvest in new mortgage/legal interest assets.  The Federal Reserve Bank purchases are forcast to end in Februay and March. Interested market observers would like to know what effect that forcasted end will have on interest rates. Here is a recap: FEDERAL RESERVE'S ECONOMIC STATUS REPORT: Economic activity has continued to s... 02/07/2010

6th Annual Food Drive in Paradise California. We need your help.   02/04/2010

Consumer Confidence & California Home Prices Rise, January 2010-Paradise CA Real Estate It appears consumer confidence is on the rise after declining for most of 2009 according to RCB's Survey. Confidence is up 19 points since last month as measured by RBC indices. With CAR's reported increase in home prices, in California, consumers in the market to buy a home may be in a bit of a footrace. Of course as the saying goes real-estate-is-local. That having been said, American consumer confidence rose sharply this month, to the pre-financial crisis levels of, September 2008.  Here are some highlights of the January survey: OVERALL EXPECTATION: Consumer Expectations Index stands at 67.6, up 27.2 points from last month. JOBS: Americans’ confidence in the job market improved dramatically this ... 01/31/2010

Paradise CA Real Estate-MEMBERSHIPS & MIRACLES,Mercy Air & Reach Medical Emergency Transport-Paradise CA Homes For Sale Many residents in Butte County and the California North State may be aware of the services of Mercy Air Ambulance and REACH Air Medical Services. What residents may not know is there are memberships available for Air Ambulance Services. Residents living in rural areas could find these services most valuable. MEMBERSHIP: Both services actually have memberships available for individuals and families. The fees for membership range from $20 to $45 dollars, depending on group, individual or family membership. It should be noted in times of emergency it may not be possible to request a specific Air Ambulance and the two services do not share a common membership. Therefore it... 01/24/2010

Paradise CA Real  Estate - Federal Reserve Reports $52.1 Billion Profit 2009 - Paradise CA Homes For Sale   You can breath easy you had a very profitable year. I know you may not feel like it, but you (the US tax payer) and your bank (the Federal Reserve Bank or Central bank)  made record profits. In addition your bank made a record breaking deposit to your account (US Treasury Department).  Here is what the 2009 year end recap looks like:                                          A record profit of $52.1 billion was earned by the FED in 2009. The record profit allowed the FED (a not for profit agency) to pay $46.1 billion, another record amount, to the US Treasury Department. Federal Reserve recorded earnings higher than all the 96 years that it has been in existence. Previous record hi... 01/14/2010

Weekly Market Report for Paradise and Magalia California                                                                       01/14/2010

Paradise CA Homes For Sale, 10 Reasons Banks Will/ Should Reduce Principal With Loan Mods In 2010   Just days ago NY Federal Reserve Bank released the results of their study stating: Borrowers owing 15% or more, than the market value of their home, are 51% more likely to redefault on their mortgage. I can't imagine a single banking official in the Nation that isn't aware of this, as well as numerous other, Government reports.  While these events certainly do not have the weight of law they are sending a very clear message to the banking industry. The President and the Federal Reserve want results. While the November 1 Presidential deadline for the "500K trial loan modifications" was met reports show that only 31,382 of those mods have become permanent. If Banks do not employ principle r... 01/09/2010

Making Homes Affordable Loan Servicers Report Card, Paradise CA Real Estate   The following charts are excerpts from the Obama Administration's December 10, 2009, monthly report for the Making Home Affordable (MHA) loan modification program. The Report States:  The first time number of modifications that have transitioned from the trial to permanent phase.  728,000 modifications are under way across the country, the program is on track to meet its goals over the next several years. Modifications are providing real benefits to homeowners - borrowers in modifications are saving an average of over $550 per month. Servicers have only converted 31,382 modifications to the permanent phase. According to servicer reports, most borrowers in modifications are meeting their responsibilities to mak... 01/09/2010

Quarterly Market Performance for Paradise and Magalia California                                                                             01/06/2010

Monthly Market Report for Paradise and Magalia California                                                                                                                         01/04/2010

Weekly Market Report for Paradise and Magalia California                                                                               01/04/2010