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Short Sales: Answers for First-Time Buyers – San Luis Obispo Real Estate

by marshawillingham March 7, 2012 Buyers Information

 

Many people in the market today are first-time home buyers who would not have been able to buy when home prices were higher. Enticed both by lower prices and bank promotions, these eager hopefuls are have taken the signs of deals as the best chance to make their first real estate move  .

While all home …

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Obama Administration expands foreclosure relief program – San Luis Obispo Real Estate

by marshawillingham January 30, 2012 How's The Market

Struggling homeowners are set to get more help from the federal government as the Obama Administration extends its key foreclosure prevention plan for a year.

The administration will also add the number of people eligible for the program to include investors and will increase incentives for large banks to modify more troubled mortgages.

Originally set to expire …

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Bank of America Suspends Cashout Refinancing – San Luis Obispo Real Estate

by marshawillingham January 23, 2012 Latest News

 

Elevated refinance volume prompts decision

Jan. 19, 2012

By MortgageDaily.com staff

Refinance activity is so busy that Bank of American Home Loans has made the decision to turn off the spigot for cashout refinancing. It’s the second time in four months that such a move has been made.From the end of 2011 until last week, inquiries for refinance loans climbed …

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What documents to keep, what you can toss—and when. San Luis Obispo Real Estate.

by marshawillingham January 10, 2012 Buyers Information

Conquer the paper piles!
What documents to keep,
what you can toss—and when.

 

 

 

Bank records

Keep deposit and ATM receipts until you reconcile them with your monthly statements. File your monthly checking and savings account statements. After you do your taxes, file any statements needed to prove deductions with your tax records; the rest can be shredded.

Credit-card bills

You don’t …

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Wells Fargo Loans and San Luis Obispo Real Estate

by marshawillingham January 5, 2012 Buyers Information

San Luis Obispo Real Estate

What happens if the interest rate goes up by .5%?

Example:
Loan amt. of $400,000 at 3.75%, for a 30yr fxd., the PI payment is $1,852
Loan amt. of $377,000 at 4.25%, for a 30yr fxd., the PI payment is $1,854

So in this example, the loan amount and or purchase has to drop …

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Should You Sell Your House During the Holidays?

by marshawillingham November 7, 2011 Local News

Should I try to sell my house during the holidays?

 

 

 

 

You may have heard all the pat answers:

1. Houses look so pretty during the holidays, why not?
2. You won’t see as many buyers, but the ones who are out there looking are really serious.
3. Some buyers have to close escrow by the end of the year …

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Condos in San Luis Obispo, California

by marshawillingham October 19, 2011 Condo Complexes

Condo Sales in San Luis Obispo

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Loan Amounts Over $417,000!!

by marshawillingham July 3, 2011 Buyers Information

The following information will impact buyers who will have loan amounts over $417,000 by the end of the summer.

In today’s lending world, there are three different loan size categories. The first of these categories is often referred to as “Conforming.” This category allows for loan amounts up to $417,000 and offers borrowers the best available …

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Carbon Monoxide – CA New State Law

by marshawillingham July 2, 2011 Latest News

CALIFORNIA’s New State Law

 

All existing single-family homes that contain a gas heater or appliance, fireplace or an attached garage must install carbon monoxide alarms.

CO alarms must be either battery powered or plug-in with battery backup.

CO alarms must be installed outside of sleeping areas and on every level of a dwelling, …

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Don’t Fall Short: Follow This Path to Successful Short Sales

by marshawillingham June 29, 2011 Seller Information

Don’t Fall Short: Follow This Path to Successful Short Sales

RISMEDIA, June 29, 2011—Short sales aren’t what they used to be. Gone is the long and complex process that often confused and frustrated both buyers and sellers. Today, mortgage lenders—along with the federal government—have streamlined short sales to make them more …

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