Redding Real Estate

Details and Mapping for Redding Neighborhood Stabilazation Program (aka C4-HAP)

February 15th, 2010

By Bob Sparks

The City of Redding is referring to the C4-HAP program as the Neighborhood Stabilization Program (NSP).  Here is a link to online mapping service to determine if an REO property is located in an approved census tract. City of Redding tracts are; 101-1, 101-2, 103-1, 103-2, 106-1, 106-2, 106-3, 107.01-1, 107.01-2, 107.01-3, 108.01-1, 108.01-2, 108.01-3, 108.02-1, 108-02-2, 108.02-3, 110-1, [...]

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Update on C4-HAP Process

February 11th, 2010

By Bob Sparks

In my last post regarding C4-Hap I expressed my concern that requiring a valuation by County appraiser prior to submitting purchase offer would cause an unacceptable delay resulting in lost opportunities for buyers.  Sounds like the powers that be ultimately came to the same conclusion. Here is an email I received that updates  process;
Here is the process:
1)         C4HAP applicant receives an [...]

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The Word on DAP and C4-HAP

January 28th, 2010

By Bob Sparks

If your following local housing news you might be hearing allot about the C4-HAP program. The C4-HAP program is designed to assist qualified buyers purchase bank owned properties in specific census tracts. Tracts include Anderson Heights and Ravenwood in Anderson, all of Shasta Lake City and the following census tracts in the City of Redding [...]

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Last decade getting a bad rap?

January 3rd, 2010

By Bob Sparks

If you caught any of the year in review shows on TV or radio or read the paper you couldn’t help but notice the overwhelming focus on a decade lost to a financial meltdown.  Could it be the 00’s  are getting a bad rap? I came across an article in the Union Tribune [...]

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PG&E Offers Free Weatherization, Appliances

December 15th, 2009

By Bob Sparks

Perhaps we can’t all go to Copenhagen to work on climate change issues but there is something we can do here at home and it’s free. If you know anyone with a low/mid income or who receives assistance such as SSI or Medi-Cal and lives in a home with PG&E gas or electric service let them know [...]

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President to Sign Today

November 6th, 2009

By Bob Sparks

President Obama is scheduled to sign homebuyer tax credit bill at a White House signing ceremony later today. The bill received overwhelming bipartisan endorsement in Congress and expands tax credit to include move-up homebuyers. If you want to take advantage of this tax credit on the purchase of your next home you will need to have your own [...]

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No Time to Lose

November 5th, 2009

By Bob Sparks

The House voted 403-12 today to extend and expand the tax credit to include many buyers who already own homes. The Senate passed this by a 98-0 vote yesterday and President Obama is expected to sign asap.

$8,000 for first-time homebuyers
$6,500 for move-up homebuyers
Must be in contract by April 30, 2010 and close escrow by June, [...]

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By 98-0 Senate OK’s Homebuyer Tax Credit

November 4th, 2009

By Bob Sparks

The Senate voted to extend and expand first-time homebuyer tax credit to include move-up buyers. House expected to pass any day. Will include $8,000 for first-time buyers, $6,500 for move-up buyers.
Source: Buyers Guide to Shasta County Real Estate

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