Elk Grove Real Estate – Sacramento Real Estate – Short Sales – Distressed Property Solutions, Stacey Wilson Realtor CRS

Posted on 17. Jul, 2010 by Stacey.

Click here if you or someone you know is having trouble making the mortgage payments…

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Buyers and Financing: What are loan deal killers?

Posted on 04. Jun, 2010 by Stacey.

What you should know about the market: When applying for a home loan, one of the factors lenders consider is the percent of the borrower’s income used for housing expenses, as well as the borrower’s other non-housing related debt.  Although this amount can vary by lender, typically lenders consider a housing-and-debt to income ratio of [...]

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Want a loan modification? Get your paperwork ready.

Posted on 03. Jun, 2010 by Stacey.

Attention delinquent borrowers: If you want to get into the Obama administration’s mortgage modification program, you’d better have your paperwork ready.  New Treasury Department guidelines that went into effect on June 1 require loan servicers to verify applicants’ income and financial hardship before placing them into trial modifications. To read the full story, please click [...]

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More bank-owned homes likely to hit the market

Posted on 03. Jun, 2010 by Stacey.

It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes bank and mortgage investors own. To read the full story, please click here

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Seller concession rules for FHA mortgages to be changed

Posted on 03. Jun, 2010 by Stacey.

One of the key attractions of FHA home mortgage financing is going, going, but not quite gone. Sometime this summer, the Federal Housing Administration plans to slash maximum “seller concessions” from 6% of the home price to 3%. Sellers and buyers who move fast can still make the most of it. To read the full [...]

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Need to sell your house? Don’t wait for ‘Spring’ in February

Posted on 14. Jan, 2010 by Stacey.

The busiest season for home sales traditionally begins the day after the Super Bowl.  But putting off getting the word out about your property would probably be a mistake, some experts say. To read the full story, please click here

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What’s ahead for home prices?

Posted on 14. Jan, 2010 by Stacey.

California remains ahead of the nation in market recovery with many first-time home buyers entering the market due to affordable home prices, low mortgage rates, and first-time home buyer tax credits from the state and federal governments. However, credit still is tight and unemployment remains high, which could hinder a full market recovery until 2011. [...]

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CAR Fast Facts: January 6, 2010

Posted on 09. Jan, 2010 by Stacey.

Fast Facts   Calif. median home price: November 09: $304,520 (Source: C.A.R.) Calif. highest median home price by C.A.R. region November 09: Santa Barbara So. Coast $750,000(Source: C.A.R.) Calif. lowest median home price by C.A.R. region November 09: High Desert $124,710 (Source: C.A.R.) Calif. First-time Buyer Affordability Index - Third Quarter 2009: 64 percent (Source: C.A.R.) [...]

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