As of June 1st, Fannie Mae is changing it controversial policy of requiring an additional 5% down payment for home in designated as being in a “declining market”. Back in January, Fannie Mae changed its lending guidelines which had a major impact on Ventura County home sellers and buyers. Ventura County was on Fannie Mae’s list [...]
Entries Tagged as 'Real Estate'
Fannie Mae to Eliminate “Declining Market Policy”
May 21st, 2008 · 1 Comment · Real Estate, Real Estate Financing
Tags:Fannie Mae·loan limits·private mortgage insurance·Ventura Real Estate
Buying a Home? For goodness sake, get a CLUE!
May 20th, 2008 · No Comments · Real Estate
C.L.U.E. stands for the Comprehensive Loss Underwriting Exchange which is a huge database used by the insurance industry to track claims homeowners file against their homeowner’s insurance policies. This information helps insurers of Ventura County real estate avoid fraud and writing policies for people who make excessive claims, but this information also follows the home [...]
Tags:CLUE·homeowners·insurance
I Get By With a Little Help From My Friends
May 11th, 2008 · No Comments · Real Estate
Like all business people Ventura real estate agents are competitors. We compete for listings and we compete for buyers. But the real estate business is unique in that, even though we may be competitors, we must also work in cooperation with each other to to get those sellers and buyers matched up. It benefits us, and more importantly it [...]
Tags:Business·Real Estate·ventura
Ventura Seller Surprised by Supplemental Property Tax Bill…
May 2nd, 2008 · 1 Comment · Real Estate, Real Estate Taxes
…Nearly Two Years after Sale!
The best escrow is a closed escrow. Job well done…satisfied clients…all is well and it’s time to focus on the next one. Sometimes, though, like a zombie from a B-movie, a closed escrow will not die requiring some extra attention to put things right.
This particular example starts with a panicked phone [...]
Tags:Property Tax·Supplemental Property Tax·Ventura Real Estate
Ventura County Foreclosure Auctions
April 22nd, 2008 · 1 Comment · Events, Real Estate
“TWO-EIGHTY-FIVE,” screamed the auctioneer from his podium, pointing his gavel towards the man in the third row who had made the next-to-the-last bid. “TWO-EIGHTY-FIVE,” he screamed five more times, never taking his eyes off his mark. He paused for a breath and repeated the onslaught three more times. Finally, sensing no further movement from the man, [...]
Tags:Auction·Bank-owned·REO·ventura
