Currently Browsing : News

Foreclosure -vs- Short Sale and the affect it has on your Credit Score Pam Standlee owner of Credit Come Back shares this blog about the impact of foreclosure versus short sale and the affect on the individual’s credit score. The common alternatives to foreclosure, such as short sales, and deeds-in-lieu of foreclosure are all “not paid as agreed” accounts, and considered the same by the scoring models. This is not to say that these may not be better options for you from a financial perspective, just that they will be considered no better or worse for your credit score. The above [&hellip

What is a multigenerational family?   What is a multigenerational home?       These are two important questions. First a multigenerational home is designed to meet the needs of multigenerational families. Multigenerational families have unique requirements for public and private space within a home. One common feature is the desire for multiple master suites. What is a multigenerational family?   Multi-generational families are defined by the U.S. Census Bureau as those consisting of more than two generations living under the same roof. Multigenerational Households come in all shapes and sizes. Naming the type of multigenerational household is not as [&hellip

Is There a Concierge In Your Future? by Danetta Kwasny You may have seen one at the airport or maybe in a hospital or, more than likely, at your favorite hotel. Regardless of where you’ve seen a concierge, their mission is usually the same: help you get done what needs to get done quickly and easily. And when it comes to buying or selling your home, a personal concierge is a lifesaver, stress reducer, and superhero all rolled into one. Home Buying and Selling Made Easy    Here are some of the things a personal concierge can help you with whether [&hellip

Home Selling Tips and information What home selling tips are the most important for sellers to know? That question was asked of 500 real estate agents. Each tip was then ranked based on the survey responses and then they used the first eight – those viewed as being “very important” by 80 percent of agents or more – to create this infographic, “Home Selling Tips Every Seller Should Know.” Look below the infographic to find a complete list of the home seller tips included in the survey, and learn what agents thought about them. Below the infographic is a list [&hellip

Coffee Real Estate Coffee Real Estate agency is creating California’s most consumer friendly realty. Coffee Real Estate endeavor to provide home sellers with the most comprehensive options when selling their property. Coffee Real Estate empowers the home seller with options. Options are sometime complicated. But the heart and soul of Coffee Real Estate commissions are to satisfy the home seller with how much they want to pay to sell their property with the services that match. A Coffee Real Estate agent can share the options with a home seller to see which options they prefer. The first option is to [&hellip

Fannie Mae and Freddie Mac Bail out update   The U. S. government made money in the long run but is it worth it.   The federal government bailed out the two housing finance giants commonly known as Fannie Mae and Freddie Mac almost six years ago. The government seized the two so-called “government-sponsored enterprises” amid loan losses that threatened their solvency in the financial crisis of 2008. U.S. taxpayers gave Fannie Mae and Freddie Mac for more than $187 billion. This helped prop up both Fannie and Freddie. They have returned to profitability and have paid more than $213 [&hellip

DIY Actions to Help with the Sacramento Drought Conditions California and local government are clear about the Greater Sacramento region being in a drought condition. Following will be some numbers about the water situation. You can judge if you think it is a full on drought or something else. But saving water is always a good idea. This DIY or Do It Yourself is about ways to save water. If you are on a well system it is always important to save water. And if you pay the water bill by the amount of water you use then these ideas [&hellip

PMI versus MIP PMI (private mortgage insurance) is what you pay to a lender to avoid loan failure on a conventional loan. If you put down less than 20% on your home, you will pay PMI until you meet 20% of your conventional loan. MIP (mortgage insurance premium) is the FHA mortgage insurance premium. This premium is paid in two ways: upfront (1.75% of the loan amount) and annually through monthly installments (1.25% of the loan amount). These funds are utilized to insure your loan. If you put down less than 20% on an FHA loan, you will pay MIP [&hellip

17 Essential Home buyer Tips The Internet is awash with short and incomplete lists of tips for homebuyers. Market Leader gathered tips for homebuyers from half a dozen sources but not just any one. They surveyed almost 400 real estate agents about the importance of each tip. Professional insights over years of experience are very important home buyers’ tips. For the many Americans unfamiliar with the home-buying process, trying to determine which tips to focus on could be confusing. Upon reading these lists, aspiring home buyers must ask themselves, “Are these tips that industry experts would actually recommend, and are [&hellip

Housing Numbers Sacramento and Placer March 2014 Charts are good for viewing what the data of the housing marketing is doing. This chart of the number of Homes for Sale and Homes that Sold in Sacramento county shows that the numbers of houses are staying about the same as the last four months but the number sold and pending sales are moving up. This move is a very strong direction for people wishing to sell their property. If this continues we can be in a very challenging time for individual buyers. The inventory of new homes just makes it hard [&hellip