Shasta County Category
Homebuyer Assistance Programs Running Out Of Funds
April 10th, 2009
By Brad Garbutt
Representatives from Redding, Anderson, Shasta Lake City and the County of Shasta addressed Realtors regarding their respective loan programs targeted to first-time buyers. In short, Redding is the only housing agency with some money left to loan.
Shasta Lake City has not been reimbursed by the state for loans they have placed resulting in a suspension [...]
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Dam House-$34,900
April 6th, 2009
By Brad Garbutt
 Nearly seventy years ago, Shasta Dam was under construction and many homes were hastily constructed to house the laborers. One of those homes, dam houses as they are called, is available for the price of a compact luxury car. Located on Front Street in Shasta Lake City, this home sports a blue and white exterior. [...]
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1st Quarter Redding Real Estate Stats
April 6th, 2009
By Brad Garbutt
Finally there is some positive news about the local real estate market after many months of sluggish sales. Today, there are 1538 homes for sale in the area served by the Shasta MLS. Pending sales jumped from an anemic 257 in early January to nearly 400 today. Agents I have bumped into during Open Houses [...]
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Local Tax Assessor Panel Updates Realtors On Lowering Taxes
April 3rd, 2009
By Brad Garbutt
Leslie Morgan, Shasta County Tax Assessor, brought several members of her staff to discuss the impact the declining real estate market has had on property values. Appraisers have taken up the task of reviewing thousands of real estate transactions dating back to 2003 to determine if a lower assessment is in order. A lower assessment [...]
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Turtle Bay Looking For Friends
April 2nd, 2009
By Brad Garbutt
Some locals bash Turtle Bay for being a financial burden to the city. Perhaps that is why a campaign has been launched for the silent majority to show their support for this local museum. It could also be a way for Turtle Bay to build a list of possible prospects for future membership. In any [...]
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Spring Has Sprung For This Toxic One
April 1st, 2009
By Brad Garbutt
It was known as Rhus diversilobum when I took dendrology in college but was later reclassified as Toxicodendron diversolobum aka poison oak. This time of year it leafs out with deep reddish purple leaves that occasionally attracts unwary pickers that find its colorful foliage alluring. Over the years, I’ve heard stories from friends about cars [...]
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Homeowners Warned By AG of New Scam
March 31st, 2009
By Brad Garbutt
Another loan modification scam has been discovered and this time, California Attorney General Edmund G. Brown Jr., warned that scam artists “have sunk to a new low” by using forged bank letterhead to con homeowners with unaffordable mortgages to pay thousands for promised but non-existent loan modification services.
The key thing homeowners should know is, in [...]
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Mortgage Rates Drop, Qualifying Bar Rises
March 27th, 2009
By Brad Garbutt
Local lenders are quoting 30-year fixed rates below 5%. In fact, a rate close to 4.5% is possible if you make the grade. That means a down payment of 20% or more, a credit score of 720 or better, a reliable income that can be documented and have low debt. The other factor that is [...]
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