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Sometimes life throws us lemons, and now homeowners who are behind on their mortgage payments have a moment to make lemonade. The California Mortgage Relief Program offers up to $80,000 of funds to cover past due mortgage payments.
Mortgage rates rose for all loans but remained low, this week. The 30-year fixed-rate is at 3.412 percent today, up 0.024 percent from yesterday. The 15-year fixed-rate is at 2.556 percent, up from 2.537 percent. The 5/1 adjustable-rate mortgage is at 3.256 percent, up 0.036 percent from yesterday. Mortgage borrowing set an all-time record high for the amount that Americans …
Louis HansenOctober 17, 2021 at 12:58 p.m. A design for an auxiliary dwelling unit (ADU) to be built in Oakland through the Keys to Equity program. The Chan Zuckerberg Initiative has partnered with community groups to encourage development of ADUs in Oakland's historically Black communities. (Credit: blink!Lab) Faced with historic gentrification in Oakland, the Chan …
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Have you ever come up with a genius problem solving solution that never left the safe space of your head and then you see it on the internet being marketed months later? Too many times, this has been my truth, I think of an amazing idea that lives in my head rent free. Instead of …
The sticker price of fixer-uppers across the nation has skyrocketed, and although the first thought is to blame professional flippers, quite the opposite is true. ATTOM Data Solutions recently posted a new report that flipping activity has fallen to its lowest level in 20 years. In the beginning of March 2020, many investors were fearful …
Continue reading "The Housing Purchase Battle: Flippers vs. The DIY Millennial Buyer"
In an email sent out today from the California Association of REALTORS® (C.A.R.) they gave some insight into the end of the moratorium. In short, it seems that even with the applicable C.A.R. forms that the end of the statewide eviction moratorium under the COVID-19 Tenant Relief Act (CTRA) is going to be complicated. September …
Ten things you can do to assist in avoiding foreclosure. If you are a homeowner who has fallen on hard times, thus putting you at danger of falling behind on your mortgage payments, or if you are already behind. You can be proactive in saving your home from foreclosure, a huge key to your success …
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A fee charged on refinancing loans sold to Fannie Mae and Freddie Mac will be removed on August 1, 2021. The “Adverse Market Refinance Fee” was imposed on December 1, 2020, to help the agencies recover losses projected due to forbearance policies resulting from the pandemic. The agencies directly charged lenders the fee, 50 basis …
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Quick Facts - Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: Yes - Primary Security Instruments: Deed of Trust, Mortgage - Timeline: Typically 120 days - Right of Redemption: Varies - Deficiency Judgments Allowed: Varies In California, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. Judicial Foreclosure The judicial process …
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What is Probate, and when is property a part of probate? Probate is the process of dealing with the estate of anyone who has died. Generally, this includes but is not limited to registration of the death, making funeral arrangements, fulfilling the terms of the will and clearing any outstanding debts. When a piece of …
Arielle Dixon 