Saturday, June 11, 2011

What If The Home Has Illegal Additions?

Santa Maria Homes for Sale - Appraisal Info

A few years ago when home prices went through the roof, so many people in Santa Maria decided to refinance their mortgage home loans, to take out money and remodel their homes, since there was so much equity they figured why not? If you remember, it got to the point where people were cashing out hundreds and thousands of dollars for these changes, additions and upgrades. Nearly all of these productions required building permits but does not

Santa Maria Real estate

What I Need To Know Before I Buy A Condo

Okay here are some tips for you if you happen to be trying to qualify for any of the first time home buyer loans whether you are shopping in the Santa Maria real estate market or not. I bought my first home when I was 21 and before I bought my home I was actually looking at buying a Condo because condos were cheaper than homes. But the agent I was working with that was trying to sell me a Condo really told me nothing of value. Instead she was trying to appeal to the fact that I was

Santa Maria Real estate

Thursday, June 9, 2011

How Do I Know If My Home Loan Is Recourse? What Is Recourse?

Your home may have had your home recently foreclosed on and part of the Santa Maria real estate market on a mortgage home loan that you were upside down on, and maybe you may be plain tired and frustrated and about to become another statistic, but what you need to know is your loan recourse or non recourse, and what does that mean?

This blog will be focused on what the difference is between a recourse and a non-recourse loan because there is a huge difference and most are not aware of the

Santa Maria Real estate

Consequences Of Doing A Short Sale

There are consequences of doing a short sale whether it be in the Santa Maria real estate market or anywhere your home is located this because you owe more on your mortgage home loan than what your home happens to be worth at this time, this is when you are upside down. Don't get me wrong there are some benefits to a short sale as well, we are just going to touch a little bit about the dark side. Keep this quick and short and to the point.

If you read my last blog then you read

Santa Maria Real estate

Wednesday, June 8, 2011

Changes In Short Sale Rules

First there was HAMP the Home Affordable Modification Program, which sad to say was a flop, well now there is a new kid on the block which is HAFA, the Home Alternative Foreclosure Act this program went into effect April 05, 2010 and plans on staying around till Dec. 31, 2012. Now before you get all excited because maybe you are losing your home or know of someone that maybe losing their home, and before you jump to any conclusions about how this will save their home, keep reading. It

Santa Maria Real estate

Tuesday, June 7, 2011

Santa Maria Homes For Sale For Less Than 150k

If you are looking for Santa Maria homes for sale less than 150k just click the link below, this link will time out after 30 days of posting so as of 06/07-2011 these are the homes currently available. If you like you can do your own search for homes anywhere from Paso To Buellton on the Central coast just click the Central Coast Homes for Sale. This list also has a few homes in the Guadalupe area that qualify for 100% financing NO MONEY DOWN BUT YOU DO HAVE TO PAY

Santa Maria Real estate

Monday, June 6, 2011

Hard Truth On Getting A Loan Modification So Beware

Getting a loan modification on your home loan,,, just facts, whether your home is part of the Santa Maria real estate market or not but your mortgage home loan is delinquent.

I know that this is going to ruffle some feathers to some reading this. But I did not make up the numbers regarding the fraud coming from loan modifications they come from the California Department of Real Estate but I can say that it is in line what I have seen and it does seem to be predominant. There is always

Santa Maria Real estate