Redding Real Estate

Need Help From Foreclosure Prevention Company?

August 27th, 2010

By Brad Garbutt

Fannie Mae launched a website this month to assist underwater borrowersincluding those in Redding/Shasta County. The site offers advice on steps to take to avoid foreclosure as well as directing borrowers to legitimate companies that provide foreclosure-prevention services.  This is in response to a proliferation of companies claiming to offer foreclosure prevention services. In many cases, these [...]

Leave a Comment »

Need To Refinance An Underwater Loan?

August 13th, 2010

By Brad Garbutt

FHA just announced a new loan program for homeowners that owe more than the current market value for their home. In less than a month, the FHA Short Refinance program will enable some borrowers who owe more than the current market value of their home to qualify for a new FHA insued mortgage. Here are some important [...]

Leave a Comment »

Redding Home Prices Slip Again?

August 9th, 2010

By Brad Garbutt

After 3 quarters of relative stability, Redding home prices lost about $8/sq ft in July. Blame an onslaughtof bank-owned properties (REO’s) for the decline. The second quarter of 2010 saw a slight increase to $126.54/sq ft from $125.34 in the first quarter 2010. The last quarter of 2009 pegged the average cost per square foot at [...]

Leave a Comment »

Two Unique Properties – 2 Great Price Reductions

July 30th, 2010

By Bob Sparks

A quick heads up on two different unique property price reductions. First one is a 4,000 sq. ft. 5 Bedroom-4 Bath home located on 30+ private acres in Whitmore. Was $360,000 now $339,000

The other property is a beautiful streamside home with 1,000 ft of year around trout stream in a private forested setting. Was $369,500 [...]

Leave a Comment »

Bank Owned-2001 Home, 24 Acres, Year Around Creeks

July 28th, 2010

By Bob Sparks

UNBELIEVABLE OPPORTUNITY-Private 24 Acres,over 3,000 sq. ft 4 Bdrm-2.5 Bth home with in-ground pool on the banks of Clear Creek and East Fork in historic French Gulch.
Very cool custom home built in 2001 but now in need of major TLC. No appliances or fixtures. Will require person of vision with necessary construction skills [...]

Leave a Comment »

15 year fixed now at 3.75%…no kidding

July 27th, 2010

By Bob Sparks

Quick note on rates: At this mornings office meeting our in-house mortgage broker gave us todays interest rates. 4.125% on a 30 year fixed and 3.75% on a 15 year. I have to admit I had not checked rates for several days and was taken by surprise at this news. I have to assume that [...]

Leave a Comment »

Short Sales: How They Affect Sellers; Part 2

July 11th, 2010

By Lauri Gibson

 
The reason that most home owners attempt to do a short sale on their property is to avoid the stigma of a foreclosure. Home owners want to salvage their credit and they think that a short sale is the answer.  There is a lot of different advice and opinions floating around about the best thing to do if you are facing [...]

Leave a Comment »

Spectacular Views w/ BLM Access to Pit River

July 10th, 2010

By Bob Sparks

I was just out at this private 35 acres bordered by BLM land on Pit River and…Wow! We walked maybe a couple hundred yards from the cute little 1800’s cabin to the canyon rim and the views were incredible. Because the BLM land can’t be accessed by public road it has remained very private.
The land [...]

Leave a Comment »