Feb 22 2010

Predatory Lending Notice?

Published by Christine under Blog, Mortgage, Real Estate

Last time I received one of these real estate notices in the mail, a group of others did, too. This was when there was a scam going on for a service to "negotiate" your property taxes down to current values for a small fee. This company ended up with a lawsuit filed.

Today I got a "Form 77748-I" Predatory Lending Notice with an 800# to call because they "have determined that your loan may have violations of Truth In Lending Act (TILA) and or the Real Estate Settlement Procedures Act (RESPA)."

Now I haven't called, and don't plan to, but I am pretty sure this is more of the same.

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Feb 18 2010

New Cupertino Listing

Published by Steven under Real Estate

Newsom

Well-maintained Rancho Rinconada home with remodeled kitchen, open living room/dining room floorplan, fireplace, game room or bonus room addition, dual-pane windows & inside utility area. Great investment in award-winning Cupertino School District!

Weather permitting, we'll be holding an open house Saturday & Sunday (2/20 - 2/21) from 1:30 to 4:30 pm.

Click here to view the virtual tour.

Click here for more details on the property.

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Nov 06 2009

First-Time Buyer Credit Extended?

Published by Christine under Real Estate

Per a news bulletin, it appears Congress passed the first-time home buyer's credit extension and it's going to the President for signature.

The changes include:

- $8000 credit extended through April 30
- COE of applicable home extended through end of June
- Income limit increased to $225,000
- New clause offering $6500 credit to FTB who lived in their home (worth $800K or less) for five out of prior eight years

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Nov 05 2009

New Listing - 3791 Hayden Drive, San Jose

Published by Steven under Real Estate

Hayden

This is a 4/2 with hardwood floors throughout plus a large bonus room not included in square footage. The owner had remodeled the home for use as a residential care home, so the front and rear entry have wheelchair ramps. Also, bedroom closets have all been removed. Well priced for a good neighborhood; perfect for a buyer who is handy and interested in doing some minor remodeling.

For more info, click here to go to our RE site to view the listing.

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Oct 26 2009

New real estate laws - part 2

Published by Christine under Real Estate

Coming into effect on January 1, 2010, the homestead exemption protecting a homeowner's equity from judgment creditors has been increased by $25,000 across the board to $75,000 for individuals, $100,000 for married couples or family units as specified, and $175,000 for persons over 65 years, disabled, or over 55 years with limited income as specified. Assembly Bill 1046.

If you have not filed a homestead exemption, check with your county assessor's or recorder's office to get more information. It applies to a owner-occupied, primary residence.

For more info from the source, click here.

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