|
Thursday, July 28, 2011
New California Short Sale Law
New short sale law in California
Under a new state law, any lender who agrees to a short sale, which by definition will yield insufficient funds to cover the outstanding loans on a property, must accept it as payment in full for all loan balances. That is a good thing for upside-down homeowners who need to sell, says the California Association of Realtors. "The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale closes, and demand an additional payment t... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 3:04 PM
Category: News
Thursday, June 9, 2011
New Eureka Office
It is official, Ming Tree, Realtors has moved to a new larger more convenient location at 509 J Street in Eureka, at the corner of 5th and J Streets. New sidewalks went in today and you will begin to notice lots of changes to the exterior of the building and landscaping as we get into summer.... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 3:26 PM
Category: News
Monday, June 6, 2011
Real Estate Markets, They are all Different - Larry O Doss
The term market applies more today to real estate than ever before. Why, because real estate related issues change daily, like the stock market, due to out side forces which can cause ups and downs in real estate financing options which effect real estate values. There are several driving principles in real estate markets.
Here are only 10:
1. There are thousands of real estate markets in the United States
2. Lender’s requirements to finance influences property values
3. Buyers’ costs to finance influences property values
4. The news media... Read more
Read more | 0 comments
| Link directly to this article.
Monday, May 16, 2011
Ming Tree Moves
Ming Tree, Realtors will be moving into new office suites this coming weekend. This is a rare opportunity to grow as a Realtor Professional. Whether already working in the industry or thinking about a career change, Ming Tree has the support, tools, systems and leadership for your career to excell.... Read more
Read more | 0 comments
| Link directly to this article.
Monday, March 7, 2011
Lender Rule Changes
The April 1st deadline is fast approaching for mortgage changes being passed down to us from the government. Some anticipated changes are increases in down payments, increases in fees, appraisal changes and more. The net result although not certain is going to be an increase in red tape. This undoubtedly will changes for our own good yet lacking the true good we as consumers are looking for in this post banking melt down world.
Bottom line is buy before the changes occur and for sellers, do what you can to sell prior to the changes. The opportunity for buyers and sellers to help e... Read more
Read more | 0 comments
| Link directly to this article.
Sunday, February 6, 2011
Home Buyer Activity Up In Humboldt
New contracts for homes are up in January 2011 over January 2010. This comes with no buyer incentive in place currently compared to a tax credit in place same time last year. The activity is credited to home buyers understanding the market conditions are the best now and may not last long. "Low interest rates, low home prices and positive signs in the stock market all add up to reasons to buy now," says Larry Doss, Broker and President of Ming Tree, Realtors.... Read more
Read more | 0 comments
| Link directly to this article.
Tuesday, November 30, 2010
Long Time Escrow Officer Hangs it Up!
Today, November 30th the real estate community celebrated Adrienne Johnson’s retirement from Fidelity Title Company. Adrienne retired after over 30 years of closing escrows for thousands of people in Humboldt County. She now starts a new adventure with her husband Dennis ans spending more time in the mountains! Best wishes Adrienne and Dennis! Ming Tree loves you!... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 8:23 PM
Category: Events
Tuesday, October 5, 2010
Eureka Waterfront Plaza Opens
Today the city of Eureka officially cut the ribbon to open the C Street plaza on the boardwalk. This plaza will be the center of future and existing developments on Humboldt Bay such as the fishermen docks and fish house and carriage building and the gateway out of old town Eureka to the future balloon track development that will be a revitalized rail yard with stores, residences and restaurants plus approximately 14 acres of trails and a wetland park. Congratulations Eureka for moving the right direction. The photo is of the F St Plaza.... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 8:21 PM
Category: Events
Thursday, August 19, 2010
Paying Down Your Mortgage Is Good?
Have a low interest rate on your mortgage? Make sure you crunch the numbers before you pay down the principal.
Would the money used to pay down the mortgage make more than 3.25% (the effective rate of interest on a 5% mortgage after tax savings on interest and deductions) elsewhere? With interest rates going up as the Fed stops buying mortgage-backed bonds and we turn from the financial crisis to fighting a recession-based recovery, it stands to reason that money would be better invested in higher-yield investments than paying down a 5% mortgage to buildup wealth in home equity. This ... Read more
Read more | 0 comments
| Link directly to this article.
Foreclosure Prevention Warning
As mortgage delinquencies remain somewhat out of control, those looking to capitalize on California’s 2,500,000 struggling underwater homeowners are emerging from the woodworks. They hold in their hands a promise many have been waiting for: to prevent home foreclosure. However, behind their sweet-tasting words is a serpent’s tongue casting about for financially wounded homeowners’ money.
Be wary of anybody who promises to be an “expert” in foreclosure prevention – or short sales for that matter. This is not to say in any way that all claiming to be experts have ill intentions, but ra... Read more
Read more | 0 comments
| Link directly to this article.
Mortgage Holders Negotiating with Homeowners
In preparation for the deluge of foreclosures expected to wash over California and the country by the end of 2010, Bank of America (B of A) has announced a new program: a $3 billion principal reduction program for homeowner’s with loan-to-value (LTV) ratios exceeding 120% of the home’s current market value. B of A will reduce a homeowner’s LTV ratio to as low as 100%.
This program is limited to homeowners who have either an option-ARM or a two-year rollover ARM.
Participants of this program will have their loan balance bifurcated. The amount available for possible write-off w... Read more
Read more | 0 comments
| Link directly to this article.
Friday, July 23, 2010
Fortuna Auto Rama
Fortuna California, Auto Rama this weekend. Come enjoy the pleasant coastal climate and see hundreds of cars on display, swap meet, social events in a fun small town atmosphere of Fortuna. ... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 6:40 AM
Category: Events
Wednesday, July 14, 2010
Cute Little Beach Town Rodeo
The 49th Annual Orick Rodeo was last weekend which is the second rodeo of the Humboldt County season. This week is the the Fortuna Rodeo, always the third week of July. Fortuna celebrates their long running tradition all week long, involving all ages and interests. These are the events that make Humboldt County a special place to live and celebrates the grit and determination of the pioneer spirit in Humboldt County. From the beach town rodeo in Orick, to the Fortuna rodeo in the friendly city, lots to do and enjoy!!!... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 8:56 PM
Category: Events
Wednesday, June 23, 2010
The Key To Selling
The most popular question asked of us is what is the value of my home? You may have seen the popular cartoon that has circulated for years of the different perspectives of value of the same home such as a magnificent mansion from the eyes of the tax assessor to the crumbling shack from the eyes of a buyer. There is a lot of truth in that old cartoon.
When you sell your home, the value is determined by the buyer. This is generally confirmed later by an appraisal on behalf of the buyer’s lender.
Over the years the most successful sellers have priced their homes to ... Read more
Read more | 0 comments
| Link directly to this article.
Wednesday, June 2, 2010
Madaket Turns 100
The Motor Vessel MADAKET’s 100th Birthday is coming up this Sunday, June 6th. You’re invited in joining us for this centennial celebration. MADAKET’S 100th Birthday events can be viewed on the museums updated website. Take a look, and if you have visited recently, please refresh your browser when you arrive. Check it out now to learn more!
The birthday celebration starts at 11:45 am with a boat parade that will escort MADAKET to the Foot of F Street dock on the Eureka boardwalk. Once she arrives at 12:45 pm, Eureka’s high school band will tribute her, Eureka Ma... Read more
Read more | 0 comments
| Link directly to this article.
Posted by Ming Tree, Realtors at 7:52 AM
Category: Events
|
Archives
Categories
Search
|
