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, [...]
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 [...]
Redding Real Estate:Newer The Home, Higher The Value!
February 9th, 2010
By Brad Garbutt
A local appraiser points out that homes 5 years of age or newer have the highest average value on a cost per square foot basis. The average price of a newer home is $286,172 or $155.9 per square foot. The average of homes 6 years or older drops precipitously to $116.7/square foot. All homes sold [...]
Redding Real Estate Update
February 4th, 2010
SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1310 (down from 1,329 last week)
Homes in escrow: 416 (up from 401 last week)
Homes closed escrow so far in February 2010: 10
Homes closed escrow in January 2010: 115
Homes closed escrow in December: 185
Homes closed escrow in November: 165
Homes closed escrow in October: 188
Homes closed escrow in September: 213
Homes [...]
Should Shasta County Restaurants Be Graded?
February 4th, 2010
By Brad Garbutt
A local reporter blogged recently about how disgusting the health department report was for one of his favorite Redding restaurants. I blogged about a solution that would cost little or nothing for the county to implement. I believe Shasta County residents and visitors alike would benefit from this simple program already in place in many [...]
Do Our Local Hospitals Use The Pronovost Checklist?
February 3rd, 2010
By Brad Garbutt
March 2010 Consumer Reports featured an article detailing a recent study on bloodstream infections contracted during hospital stays. A simple checklist system, called the Pronovost checklist, has been found to dramatically reduce infection rates when implemented and followed by caregivers.
One key element allows nurses to make doctors follow all the steps without fear of retaliation. Have our [...]
Why Are there Fewer Homes For Sale in Shasta County?
February 2nd, 2010
By Brad Garbutt
California’s Unsold Inventory Index declined to 3. 8 months in December compared to 5.6 months in December 2008. This index is an important barometer of the overall condition of the real estate market because it indicates how long it would take to deplete the supply of homes for sale at the current sales pace.
Economists believe [...]
Know An FHA Borrower Struggling With Mortgage Payments?
February 1st, 2010
By Brad Garbutt
President Obama signed into law a program to assist FHA borrowers experiencing financial hardship before they fall behind in payments. The Helping Families Save Their Home ACT of 2009 grants FHA broader authority to hopefully prevent FHA borrowers from slipping into foreclosure. Prior to this law taking effect, borrowers had to be behind in payments [...]
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