FHA Flips Flipping Rule

January 19, 2010

Fed Lifts No Flipping Ban for One Year Beginning February 1st, 2010 Before I begin, you need to know that flipping is basically buying a house that needs repair, repairing it and selling it for a profit. You can read Scott Schang’s post that goes more in depth “What Exactly is House Flipping?” For example, Big Bank [...]

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Santa Clara Home Prices Went Up!

January 16, 2010

The median home price in Santa Clara County is $550,000, which is good for those selling homes but not too good for those looking to buy. If this is a sign of things to come (which is still up for debate, way too early to tell), then the time to buy a home is quickly [...]

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Foreclosures : Statistics, Not Politics

January 16, 2010

The San Jose Mercury News reports that foreclosures in Silicon Valley were down in December, but don’t take this as a sign of things to come. This is not the market adjusting itself and everything being “hunky dory”. If anything, it’s a delay of the inevitable. The decrease of foreclosures as compared to 2008 (which [...]

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Bad Credit …Is It Really That Bad?

January 9, 2010

I was on the phone yesterday with a teacher from San Jose and she told me that Big Bank refused to work with her because she had bad credit, her score was too low (See “Brenda Borrower Gets Buffed by Big Bank“). When she told me her score was 599, I asked her what kind of [...]

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THE Home Loan Program for Teachers in California

January 8, 2010

Image by Wonderlane via Flickr Anyone who does business in the San Francisco Bay Area, well actually Northern California in general, immediately recognizes the high emphasis on education. Not only in acquiring education but supplying those who impart education with the necessary tools to do their job. The CalSTRS 80/17 Home Loan Program is one such tool available [...]

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A New Breeze Sweeps Into the Bay

January 4, 2010

Image via Wikipedia Hello Northern California! We are proud to be in the beautiful bay area! If you’re looking for a web resource that offers the latest on current real estate market trends and information look no further. I will be partnering with my partner Scott Schang as well as many other industry leaders in [...]

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