LocalHouseBlog - Smart News About Local Real Estate - Latest Comments

Re: How To Get FHA 203K Rehabilitation Loans To Buy That Fixer Upper You Keep Driving By!

kencook — Sun, 22 Nov 2009 10:45:44 -0000

Great article Jonathan. It is important to note that not just any investor can use the FHA 203K loan. If the investor is not an approved civic or community redevelopment organization they are not going to call a lender, bank or broker, and be approved for either the full FHA 203K or the FHA 203K Streamlined which are primarily reserved for the home owner who intends to reside in the property at least for several months.

Re: What’s up with the Bay Area Real Estate Market? A view from the battlefield

the London renter — Wed, 02 Sep 2009 10:07:19 -0000

Actually the situation in the UK is kinda similar :-P good to know that we are not the only ones. Nice post!

cheers,

Re: FHA Lending Program Kicks Butt for Home Buyers and Investors! at LocalHouseBlog

Jonathan Fleming — Wed, 21 Jan 2009 05:02:15 -0000

Hi Donya,

Stan Johnson
Certified Mortgage Planner
First Priority Financial
(510)614-2433
Fax: (510)372-0707
sjohnson@lendscape.com
www.LoansByStan.com

He is a very talented guy that can offer some good solid help....also, call me at 510.250.0946 there are options out there, I can email you some info.

Jonathan Fleming

Re: FHA Lending Program Kicks Butt for Home Buyers and Investors! at LocalHouseBlog

Donya — Mon, 05 Jan 2009 15:18:02 -0000

Great I love to hear about programs that help others purchase homes I just wish there was more good news on how to help people who are loosing homes. Even though the bail out has "SO CALLED" begun I have not heard of one person being helped by any of these so called programs designed to help people keep their homes....I havea few friends who have tried iver and over with their banks to try and get mortgage adjustments - ANYTHING......but all has been for not.......Got something for me Johnathan?

Re: FHA Lending Program Kicks Butt for Home Buyers and Investors! at LocalHouseBlog

Stan Johnson — Tue, 30 Dec 2008 23:22:14 -0000

Great post Jonathan! FHA lending is the most flexible financing in the market today! Add to that the First-Time Homebuyer Tax Credit is one of the most exciting new provisions of the Housing and Economic Recovery Act of 2008. The First-Time Homebuyer Tax Credit that is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home prices are at historical lows, and indeed it is an ideal time for many first-time homebuyers to purchase homes.

Re: Mortgage brokers, real estate agents say interest rate drop is spurring activity at LocalHouseBlog

Theresa_Marquez — Thu, 27 Nov 2008 21:43:18 -0000

Hello,

Just wanted to share a little of the market activity I am experienceing.

I have been helping buyers in Lathrop, Mountain House, Hayward, San Leandro, San Lorenzo, Oakland, and Richmond. These are the recent areas I have been showing and writing offers in.

In all the areas I have seen inventory significantly less...... we have to write about 6 to 10 offers to get an offer accepted because there are so many buyer's buying. The prices are so good and the interest rates makes it a double affordability. The good news is that there is still a selection of homes.

In some areas we have reached the prices of the early to mid-90's.. at that time interest rates were at 11%(1991) and fluctuated to the 8% (1999)... This is the first time in my 25 year career that I have seen interest rates and prices low at the same time.

I was amused because as we saw the Seller's market and everyone including the media thinking that market would never end... Now we have alot of different entities thinking this Buyer's market is going to go on forever and never end.

Since September 1, 2008 there have been 3,126 homes that have gone pending and closed escrow in Oakland, Alameda, Berkeley, Emeryville, San Leandro, San Lorenzo, Castro Valley, and Hayward below the price range of $700,000. That is an incredible amount of sales happening!

So interesting to hear the negativity of the media regarding the financial
of America and the actuality of working the wild sales market of the Bay Area!!! I have actually had consumers tell me they knew that no banks were giving loans!!!

Till next time

Theresa Marquez
RE/MAX Real Estate

Re: Mortgage brokers, real estate agents say interest rate drop is spurring activity at LocalHouseBlog

T. Marquez — Sat, 20 Sep 2008 15:18:34 -0000

Hello,

Great to hear some positive feedback! As a long time Real Estate sales veteran it is incredible what is happening in the real estate market. The investor's know.... they are out buying the property in bulk right now because they know that we are on the way up.

Almost every property that I showed this last week had multiple offer's on it..... through out the Bay Area!

With all the news of the Financial Markets more investors are going to jump into the real estate market and home prices will be on there way up again..... and as in any economic cycle when the product becomes affordable is when it starts the cycle up again! We are or have reached the bottom! So great interest rates, incredible affordability..Buyer's it is your time now!

It is the most exciting time I have seen in Real Estate in 25 years!

Re: The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUX Wall Street Journal:

ivanristeski — Tue, 22 Jul 2008 07:08:33 -0000

This is a test

Re: test

ivanristeski — Mon, 14 Jul 2008 14:01:25 -0000

hello