OVER THE BACK FENCE ****************** DISCUSSIONS & NEWS

One of the things that complicate Short Sales is the number of different entities that are involve; each of whom must give their blessing to the transaction.  Unlike the equity seller, when a bank becomes the negotiator in the price of a sale they are not usually the only one to come up short.

Many homes have a second loan in place.  In some cases there is even a third.  There might also be an equity line but these are now treated like personal loans.  However, there is another that will be involved.  MI, or Mortgage Insurance is in place on nearly all loans where the purchase balance is more than 80% of the value.  A refinance usually has this insurance in place also.

The full explanation is complicated (we can fill you in if you want to call or email us) but the insurer now must allow the process to proceed also.  So…basically we have the bank with the first position loan that will come up short.  Next is the MI carrier.  Then are the 2^nd and 3^rd loans if applicable.  Now comes any liens etc.  WOW!

To help speed the process up some MI Carriers have approved the process cart blanc under agreed upon circumstances.  A recent article by HOUSINGWIRE stated that PMI Group has now joined that list ($read it here).  WE see this as a good thing.  Facilitating a short sale is better for all involved than pushing to a foreclosure.

For more information on how to make it work for you contact us today! (Phone 530 315-2808 or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

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To get your FREE home warranty contact us now! Or call 530 315-2808 today!

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It seems as if the finger pointing isn't over!  First it was all the Real Estate industry’s fault that the housing market crashed.  Then it was the bank’s fault that the lending industry had a melt-down.  Now the appraisers are getting the heat for the current housing prices!

A recent article published by RISMedia has brought that point to light.  The tone of that article ($read it here) explains that appraisers just like real estate agents, don’t set the price.  Rather, they (and we) research and report what is happening.

While no one likes to look at their investment and see a negative sign, real estate is actually priced about where it should be in our area.  The recent boom got our prices out of proportion with the income of the area.  Families working here could not afford to buy here.  That scenario played out in most areas.

On the more positive side, more families can buy a home now than in the past.  Current programs help with down payments and closing costs.  Super low interest rates make buying cheaper than renting.  There is a large inventory to choose from.

For more information on how to make it work for you contact us today!  (Phone ( 530 315-2808 or email * us HERE.

For a FREE Comparative Market Analysis of your home click 8 HERE.

Please note: all visits to our sites are secure AND confidential.  We do NOT track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

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Including homes being placed back on the market, seventy-three (73) homes were added to the MLS in the Yuba-Sutter area last week.  Of those, 33 were new listings in Sutter County and Yuba County had 20 new listings.

Of the 423 current listings, 33 homes had their asking price lowered.  These homes range from 1 bedroom to 6, 1 bath to 5.  Their sizes vary greatly; 480 sq ft to 6,000 and are priced from $16,900 (a mobile home) to $3,900,000 for a condo complex. 

Of these 97 are bank owned properties and 120 are short sales.  This means that 49% of the homes listed for sale in our area are equity sales, better than the national average!

Seventy-two (72) homes were sold last week and thirty-seven (34) homes that were under contract got new owners (closed)!

To view the homes discussed in the stats above send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

Please note: all visits to our sites are secure AND confidential.We do NOT track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
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Yuba-Sutter Real Estate Today

Last week 33 homes were newly listed for sale in the MLS.  In addition, 13 previously listed homes were placed back on the market, 35 currently listed homes had their asking prices lowered and 3 had a price increase!  To view them simply click the links above (bold, blue & underlined text).

Currently there are 440 homes listed for sale in Yuba and Sutter Counties.  Prices range from $16,999 (a mobile home in Country Village) to $3,900,000 for a condo complex. 

Of these 98 are bank owned properties and 128 are short sales.  This means that about 49% of the homes listed for sale in our area are equity sales, slightly better than the national average!

Fifty-three (53) homes were sold last week and twenty-eight (28) homes that were in escrow (under contract) closed!  Of these 81, forty-three were bank owned and another fifteen were short sales.

To view the homes discussed in the stats above and more send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
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Yuba-Sutter Real Estate Today

Unfortunately, once again it is OUR POCKETS! 

 You may have read recenty that the Governor wants to "consolidate" agencies to help balance the budget.

This is the same ploy the Feds used to Balance the budget by tapping into the Social Security system.

Any questions about how that turned out?  Didn't think so.  To get the details hop on over to our sister blog: the Yuba-Sutter Grapevine.

How does this affect you? Do you have questions about YOUR best action? Contact us today for your free, no obligation consultation.

For ALL your real estate related needs and/or questions call ((530 315-2808) or visit us8 on line at EncoreRES.com or any of the links below.

Please note: all visits to our sites are secure AND confidential. We do NOT track your activity!

To get your FREE home warranty contact us now! Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

Including homes being placed back on the market, seventy (70) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $20,900 to $589,000. 

Sixty-four (64) currently listed homes had their asking price adjusted; 60 of those were lowered.  View them all HERE.

Thirty-six (36) homes were sold during this same period!  Prices ranged from $20,900 to $269,000. 

And thirty-four (34) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

How does this affect you?  Do you have questions about YOUR best action?  Contact us today for your free, no obligation consultation.

For ALL your real estate related needs and/or questions call ((530 315-2808) or visit us8 on line at EncoreRES.com or any of the links below.

Please note: all visits to our sites are secure AND confidential.  We do NOT track your activity!

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

Forty-two (42) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $27,000 to $256,800.  In addition 25 previously listed homes were placed back onto the market.

Forty-four (44) homes that were recently listed had their asking price adjusted; 40 of those were lowered, 4 prices increased!  

Thirty (30) homes were sold during this same period!  Prices ranged from $44,400 to $189,600. 

And thirty-four (34) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

For more information on the FHA lifting their ban on Flips check out the Yuba Sutter Grapevine. You can vote whether you think this is a good or a bad decision on facebook.

 Get your opinion in.  Let us and the world know what you think!  VOTE!

Including homes being placed back on the market, forty (40) homes were added to the MLS in the Yuba-Sutter area last week.  Of those, 13 were new listings in Sutter County and Yuba County had 8 new listings.

Of the 451 current listings, 35 homes had their asking price lowered.  These homes range from 1 bedroom to 6, 1 bath to 5.  Their sizes vary greatly; 408 sq ft to 32,000 and are priced from $16,900 (a mobile home) to $1,700,000 for a vineyard, home & winery. 

Of these 120 are bank owned properties and 131 are short sales.  This means that about 45% of the homes listed for sale in our area are equity sales, on par with the national average!

Thirty-five (35) homes were sold last week and forty-two (42) homes that were under contract got new owners (closed)! Not too bad for the short holiday week!

To view the homes discussed in the stats above send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today

Last week 31 homes were newly listed for sale in the MLS.  In addition, 21 previously listed homes were placed back on the market, 24 currently listed homes had their asking prices lowered and 3 had a price increase!  To view them simply click the links above (bold, blue & underlined text).

Currently there are 496 homes listed for sale in Yuba and Sutter Counties.  Prices range from $16,999 (a mobile home in Country Village) to $1,700,000 for a vineyard/winery. 

Of these 133 are bank owned properties and 139 are short sales.  This means that 55% of the homes listed for sale in our area are equity sales, pretty close to the national average!

Forty-two (42) homes were sold last week and thirty-eight (38) homes that were in escrow (under contract) closed!  Of these 80, thirty-eight were bank owned and another seventeen were short sales.

To view the homes discussed in the stats above and more send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Subscribe to Free Automatic Listings Update
Free Home Warranty
FREE Home Market Evaluation
Search the MLS
Yuba-Sutter Grapevine
Yuba-Sutter Real Estate Today