Miscellaneous Category
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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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 [...]
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West Redding’s Generosity Extends to Haiti
January 31st, 2010
By Ross Domke
Kudos to the Foothill High School students that were profiled in the Record Searchlight for raising cash for earthquake-ravaged Haiti (North State students, others raise money for Haitan quake victims, RSS, January 26, 2010). Shasta High students contributed big-time as well.
Randall Yelverton, agent with GMAC/Real Estate Professionals, shared the following story which I found quite [...]
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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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Shasta County Real Estate Update
January 25th, 2010
Available residential listings: 1,329 (up from 1,301 last week and 1,309 two weeks ago)
Homes in escrow: 388 (up from 401 last week and down from 386 two weeks ago)
Homes closed escrow so far in January 2010: 88
Homes closed escrow in December: 185
Homes closed escrow in November: 165
Homes closed escrow in October: 188
Homes closed escrow in September: [...]
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Shasta County Real Estate Update
January 19th, 2010
Available residential listings: 1,301 (down from 1,309 last week and 1,302 two weeks ago)
Homes in escrow: 401 (up from 386 last week and down from 404 two weeks ago)
Homes closed escrow so far in January 2010: 48
Homes closed escrow in December: 185
Homes closed escrow in November: 165
Homes closed escrow in October: 188
Homes closed escrow in September: [...]
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Federal Reserve Earns $46.1 Billion Profit Thus Far From Bailout Efforts
January 18th, 2010
By Brad Garbutt
Maybe bailouts do have a silver lining! The Federal Reserve announced last week it made a record $46.1 billion as a result of gains on securities it purchased to shore up the financial system. The Fed is not in the business of making money but this was a side effect of bailouts to aid the banking [...]
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