Wisdom
posted by Cliff Keith | 6:21 PM
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Cliff's Notes...on Real Estate
Useful information YOU may use to help YOURSELF buy or sell a home in Redwood City, San Carlos, San Mateo, Belmont, Menlo Park, Atherton, Portola Valley, and Woodside. With a total of 31 years of experience in San Mateo County real estate, I bring to the table what YOU want in a Realtor.
About Me
- Name: Cliff Keith
- Location: Redwood City, California, United States
Born April 6, 1946 in Bloomington, Illinois I am a third generation baker, Licensed California Real Estate Broker since 1976. Married my loving wife Diane in 1977. We have two wonderful sons, both are musicians and living in Hollywood, CA. During my 32-year career as a Realtor I have worked for two Realty Companies; currently I am an Associate Broker with Coldwell Banker Realtors in Woodside, CA. 94062, The cornerstone of my business is built on the principles of "By Referral Only"., SCHOOLS ATTENDED: Normal Community High School, College of San Mateo, San Francisico State University Favorite Quotes: 1. "The young man knows the rules, but the old man knows the exceptions." - Oliver Wendell Holmes 2. Perfect is usually good enough. Hank the Cow Dog 3. Life never gives you anything great when you say "I can't.", Anonymous 4. If at first you don't succeed try second base. Yogi Berra
- Jefferson knew about sub-prime loans
- Interest Rates on the Rise!
- New Townhouse For Sale
- 5 new rules for home buyers
- Redwood City Home Prices Drop
- NOW is the time to buy!
- Educate Your Child
- JUMBO RATES FALLING- GREAT NEWS!
- An Educated Person
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Wednesday, October 3, 2007
Tuesday, October 2, 2007
Just how bad is it?
With the many headlines and stories about rising interest rates, falling home values and rising foreclosures, you would think the sky is falling. But just how bad is it?
Turns out, not all that bad for most of us. For starters, long-term fixed rates are only about .5% higher than 6 months ago and no higher than they were a year ago at this time. BUT underwriting guidelines have tightened considerably and will get stricter before they get easier.
Housing prices nationally are off about 1% from a year ago. In the Bay Area, median prices are flat to slightly higher than a year ago. The real problem for home owneres is when they have to sell quickly and/or are in less desirable locations. Then prices take a hit. Sometimes a big hit!
It has always been important to maintain liquidity when you own real estate so that you can survive personal setbacks and market challenges. this is especially true now.
With Thanksgiving just around the corner, this year I think Chicken Little would look great on a platter stuffed with all the fixin's at dinner time.
Turns out, not all that bad for most of us. For starters, long-term fixed rates are only about .5% higher than 6 months ago and no higher than they were a year ago at this time. BUT underwriting guidelines have tightened considerably and will get stricter before they get easier.
Housing prices nationally are off about 1% from a year ago. In the Bay Area, median prices are flat to slightly higher than a year ago. The real problem for home owneres is when they have to sell quickly and/or are in less desirable locations. Then prices take a hit. Sometimes a big hit!
It has always been important to maintain liquidity when you own real estate so that you can survive personal setbacks and market challenges. this is especially true now.
With Thanksgiving just around the corner, this year I think Chicken Little would look great on a platter stuffed with all the fixin's at dinner time.
Labels: Finance
posted by Cliff Keith | 1:43 PM
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Monday, October 1, 2007
Foreclosure Timeline*
Day 1: Notice of Default recorded.
Day 14 Notice of Default must be mailed to borrower 10 days after recordation.
Day 91 Notice of Default Sale recorded, published, and mailed (lenders usually file 31 days before the sale because of the IRS notice requirement).
Day 115 Deadline to cure default (Five business days before trustee's sale).
Day 122 Trustee's Sale (Deadline to pay off loan is any time before the trustee's sale begins.)
*California Real Estate Special Report: "Legal guide to Foreclosure-related Transactions." Supplement to California Real Estate Magazine.
Day 14 Notice of Default must be mailed to borrower 10 days after recordation.
Day 91 Notice of Default Sale recorded, published, and mailed (lenders usually file 31 days before the sale because of the IRS notice requirement).
Day 115 Deadline to cure default (Five business days before trustee's sale).
Day 122 Trustee's Sale (Deadline to pay off loan is any time before the trustee's sale begins.)
*California Real Estate Special Report: "Legal guide to Foreclosure-related Transactions." Supplement to California Real Estate Magazine.
Labels: Foreclosure Information
posted by Cliff Keith | 5:12 PM
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