Category archive - Blog

Treasury Dept. is giving “cash-for-keys”

Under the Foreclosure Alternative Program (FAP) announced last week by the Obama Administration, some borrowers may be eligible for the U.S. Treasury Dept.’s deed-in-lieu program, also referred to as “cash for keys.”

A deed-in-lieu is an option offered to homeowners who are not eligible for a mortgage modification or a short sale. In most cases, banks acquire properties back from delinquent borrowers who can no longer afford to make payments. The bank also agrees to write off the debt. In exchange, the homeowner receives a small incentive, typically about $1,000, if they vacate the property by a set date and the home is not vandalized.

Read more

Facebook Scam: Areps.at – DO NOT CLICK LINK

A NOTE FROM “MASHABLE.COM”:

It’s getting a bit repetitive, but scammers continue to exploit Facebook with very formulaic phishing scams that more or less do the same thing.

Read more

Pre-Market Opportunities: 5/15/09

Upcoming listings and properties needed for buyers.


Read more

C.A.R. Mortgage Update

This week’s C.A.R. Mortgage Update contains information about mortgage modifications, foreclosures, subprime lending, and underwater homeowners.

Mortgage modifications are happening.  Get yours.
The Obama administration’s “Making Home Affordable” program is beginning to have an impact.  As of last week, Chase Mortgage, the servicing side of JP Morgan Chase, had modified 15,000 home loans under the program.   Bank of America also has sent out 100,000 letters to borrowers whom could benefit.

Homeowners wanting to receive a mortgage modification should begin by visiting the government Web site, makinghomeaffordable.gov.  Once there, borrowers can take a quiz to find out if they are eligible for a mortgage modification under the “Making Home Affordable” program.  At the end of the quiz, based on the answers provided, the site will tell borrowers if they are likely to qualify for a modification under the program.
 
The site also provides helpful tips about gathering the proper paperwork, including pay stubs; tax returns; savings account records; mortgage statements; second mortgage information, such a home-equity loan statements; credit card bills; and information on other debt, including student and car loans.
 
To read the full story, please click here!

Pre-Market Opportunities

These properties are either coming into the MLS in the next few weeks or will not be marketed by the agent in MLS. For an opportunity to view them prior to the rest of the market, please contact me.

Read more

Fast Facts for the San Francisco Real Estate Market

Set forth are side by side comparisons of Single Family Residence, Condominium, and 2-4 Unit Dwelling sales activity
Read more

31st Annual Carnaval San Francisco

California’s Largest Annual Multi-Cultural Celebration
May 23rd & 24th
10am – 6pm

One of the city’s most spectacular traditions, Carnaval San Francisco showcases the very best of Latin American and Caribbean cultures and traditions with a diverse array of food, music, dance and artistry, including works created by the talented community of Mission District residents and Bay Area artists.
Read more

San Francisco Luxury Condominiums

San Francisco is alive with possibility, and now SOMA Grand captures the city’s promise of rich and surprising experiences in an urban luxury residence. Here, you’re pampered like a guest at a high-rise San Francisco hotel and surrounded by the best amenities in town. And here too, you’re welcomed into a condo community with a passion for living. 1160 Mission St. (Mission & 7th)

click here to see more about SOMA Grand

Pre-Market Opportunities

These properties are either coming into the MLS in the next few weeks or will not be marketed by the agent in MLS. For an opportunity to view them prior to the rest of the market, please contact me. There is also a note about properties that buyers are looking for – do you have a property to sell? 


Read more