Tag Archives: frankvernirealtor.com

Property Tax Time – Is Your Assessment Right?

Property tax bills will be mailed to homeowners in October and in this upside-down real estate market, it is worthwhile for sacramento area homeowners to scrutinize their bills to [..]

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Home Prices Increase – Underwater Homes Keeps Inventory Low

Tight market conditions fueling price increases – Home prices saw the largest spring gain in a quarter century during the three months through May, but the sluggish economy [..]

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Advantages of a Short Sale vs. Foreclosure

Short Sale vs. Foreclosure – Who Wins? Click here and check out this video for the answers  

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CA Lawmakers Approve Homeowner Rights Bill

California lawmakers approved legislation Monday hailed as the nation’s most comprehensive push to strengthen homeowner rights since the housing meltdown, acting despite opposition from the banking and finance [..]

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Foreclosures & Home Inventories in Region Continue to Decline

Foreclosure and mortgage delinquency rates in the 4 county Sacramento region (Sacramento, El Dorado, Placer, Yolo) decreased for the month of April over the same period last year causing [..]

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Part of California Homeowner Bill of Rights passes committee

The Assembly Public Safety Committee unanimously passed Senate Bill 1474, a piece of the California Homeowner Bill of Rights, which aims to protect the state’s homeowners from fraud.

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Shortgage of Homes For Sale Causing Fierce Competition

The newest problem for the slowly improving housing market isn’t a shortage of serious buyers, it’s a shortage of good homes.

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Sacramento Homeowners Are Really Underwater

Homeowners in the Sacramento metropolitan area are underwater by $20.7 Billion. This is according to a national study conducted by Zillow, a Seattle based real estate data company. [..]

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Delinquencies Rise for First Time in 9 Months

The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.12 percent. Lender Processing Services Inc. (LPS) has reported the [..]

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B of A to Pay Homeowners Up To $30K For Short Sales

Bank of America launched a new short sale program that could pay distressed homeowners between $2,500 and $30,000 in relocation assistance. This is good news for homeowners that [..]

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Bank of America Offers Principal Reductions to 200,000 Homeowners

A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Bank of America says they will begin mailing [..]

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CA Homeowners Warned About Mortgage Relief Scams

The recent nationwide settlement between states and mortgage lenders is meant to help struggling homeowners but be on the lookout for scam artists unleashing a new wave of attempts to fleece [..]

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Foreclosures Up In More Than Half of Major Cities

A $25 billion settlement approved in March brought new standards and relief requirements for struggling homeowners, however, since the guidelines are still not in place … the craziness [..]

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Thirty-Year Mortgages Hit Low of 3.84 Percent

Fixed mortgage rates have hit NEW ALL-TIME RECORD LOWS, as the 30-year fixed-rate mortgage averaged 3.84 percent, with an average 0.8 point for the week ending May 3, [..]

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Stunned Home Buyers Find Bidding Wars Are Back

A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.  SO… Is now the time to buy [..]

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National Mortgage Settlement – Important Update!

I’m sure you heard about the settlement that 49 states and the federal government reached with the country’s 5 largest loan servicers. You may want to know how you can possibly get a piece [..]

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Banks Slowly Begin Principal Reduction Promised in the Settlement

The banks are beginning to reduce principal on a Few loan modifications based on the recent settlement with the states. At this point, it appears that homeowners need to currently be [..]

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New Mortgage Rule on Disputed Debts Might Hamper Homebuyers Seeking FHA Loans

A little-noticed mortgage rule change that took effect April 1 could create hassles for significant numbers of homebuyers who plan to use low-down-payment FHA financing this year.

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What is the Foreclosure Timeline in California?

Understanding the TRUST DEED FORECLOSURE TIMELINE in California By Frank Verni When you find yourself in the position of not being able to make your mortgage payments, it is [..]

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Strategic Foreclosure Default versus Short Sale

It’s Good Business to Short Sell your Under Water home instead of foreclosure… ESPECIALLY if you are Not a Multi-Millionaire who can pay cash for future items because [..]

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