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Loan Modifications and a Visit to My Congresswoman
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Over the past few months I have received many questions
regarding loan modifications, foreclosure rescue and short sales. Today I’m going to share
you with my experience when I recently visited Congresswoman Jackie Speier's
office.
After all, congressional members are elected by us and they
and their staffs are paid by us, the taxpayers, and certainly lenders and banks
are benefiting from the recent stimulus packages, so it made sense for me to
find out what my congressional representative was doing about assisting ...<< MORE >>
June 2009 Bay Area Home Selling Market Report Here!
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Happy fourth of July weekend! Before I share the highlights of the home sales market for June 2009 in the San Francisco Bay Area I’d like to share some thoughts about our countries birthday.
We are going through a
challenging time. This annual celebration of our countries founding is
not about whether you agree or disagree about the direction our
politicians are taking but our freedom and responsibility to be
involved in the process. America is still ...<< MORE >>
Foreclosure Scams Increase-California $100 Million Homebuyer Tax Credit Fund Nearly Exhausted
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Updates:
Fraud Warning Issued by Department of Real Estate
A
few weeks ago I posted a blog warning about scam artists that are
preying on financially ...<< MORE >>
Bay Area Median Home Prices on the Rise!
Commentary Videos by Russ Boyd are uploaded to Youtube, MetaCafe, Veoh, Vimeo and Yahoo Video by TubeMogul.com . How To videos can be seen at Howcast.com . All Russ Boyd's videos are archived here .
Click to view Bay Area Market Metric report by county
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The median price paid for a Bay Area home jumped in May
as more expensive homes started to sell again. The overall number of homes sold ...<< MORE >>
How NY Attorney General Stuck it to consumers!
Commentary Videos by Russ Boyd are uploaded to Youtube, MetaCafe, Veoh, Vimeo and Yahoo Video by TubeMogul.com . How To videos can be seen at Howcast.com . All Russ Boyd's videos are archived here .
Elected Official's in Washington Look the Other Way While NY
Attorney General Enacts National Policy
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While the economic meltdown and our presidential
election garnered ...<< MORE >>
Beware the Foreclosure Rescue Scam Artists
Beware the Scam Artists
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It’s a sad commentary to hear the news reports that there are
individuals and groups out there working scams to extract money from homeowners
who are trying to do the right thing…..and who can least afford it.
Homeowners in
financial distress are being targeted by scam artists purporting to assist
homeowners with loan modifications, short sales and foreclosure “rescue”.
If you or someone you know is having problems making their
mortgage payments, please pass on this information
Here’s what you need to know:
Median Home Prices Got You Down? How Median Price Reports Skew Value!
Median Price Reports Are Skewed to Lower Priced Home Sales
Check out our Bay Area Market Metrics Reports
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In a recent discussion with a client, I pointed out that the median pricing reports are not truly identifying values of all properties and is actually distorting valuations. The reason for this is that one segment of the market (the higher-priced homes) is not really "open for business" due to the lack of jumbo loan financing. I brought this to your attention last wee in my blog “Where have all the Jumbos Gone”. Median price reports skew to the lower priced houses, which are the majority of homes that are selling right now. << MORE >>
Where Have all the Jumbo Loans Gone????
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The Lack of Jumbo Financing is Hurting Million Dollar Home Sales
When it comes to real estate loans….well, it's been a roller coaster ride for the past two years!!
The mortgage market of today can be described as having three distinct categories;
<< MORE >>Still Sitting on the Fence???
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It doesn’t seem like that long ago that the nightly news was showing us pics of "foreclosure buses", matter of fact, for a while there seemed to house after house with a for sale sign , if you've followed my blogs, you will see a common thread…I’ve been saying for months that if you are a serious buyer, whether it be a home for you and your family or an ...<< MORE >>
Are You Waiting for the Market to Bottom?...Read on
Market
Update and Commentary Videos by Russ Boyd are uploaded to Youtube,
MetaCafe, Veoh, Vimeo and Yahoo Video by TubeMogul.com . How To videos can
be seen at Howcast.com . All Russ Boyd's videos are archived here
Are You Waiting for the Market to Bottom?...Read on
A few weeks ago I wrote that there had been noticeable shift
in market indicators. Not only were we
and our fellow agents seeing the changes take place, we were ...<< MORE >>
