Mike’s Real Estate Show

Lender’s who are marketing their foreclosed properties need to remember that it is a BUYER’S market!! I can’t believe the listing agents who have tons of REO’s and think THEY are doing us a favor in working with our meager buyers! Here are some of the remarks the agents see from these listing agents: Read the rest of this entry »

I keep seeing these ads about how the “Fed Has Lowered their Rate again!” Now’s the time to refinance!” I really believe if you come from a place where the first thing out of your mouth is misleading–just what kind of loan are you really going to provide to the consumer?

Rates are very “Sticky” as the 10year treasury, watch this indicator and not the fed, is at 4.11% as of Friday but rates are still linger at 6% and above. We SHOULD be around 5.75 with the 10 year Treasury at today’s rate but to no avail. This one guy stated in his last ad that the fed has caused interest rates to “plummet”! Incase we all didn’t know what the word means I sought out dictionary.com. They define “plummet” as:
intr.v.   plum·met·ed, plum·met·ing, plum·mets
1. To fall straight down; plunge.
2. To decline suddenly and steeply: Stock prices plummeted.
 

To “decline suddenly and steeply” Can anyone, including this guy, SHOW ME how our interest rates have declined suddenly and STEEPLY!! I now await a response as I have many a buyer who wishes to speak to you!!

“Short-Sales” are now the bane of many a Realtor and Buyer’s existence! As they begin to “become” a major part of the real estate landscape we are being forced to deal with the frustrating process of dealing with the dreaded “Loss Mitigation Deparment” of many a lender. Read the rest of this entry »

Interest Rates as today, Friday, November 16, 2007      

 Now is a great time to purchase a home!  With so much to choose from, and rates still low!  Ask me how to finance your real estate transactions and to help you secure your home for the Holidays!  

Today’s rates quoted are a small sample of current rates.  Give me a call for more information about different rates, loan products and requirements!         (707) 284-2718

 Conforming                 fully amortized                        interest only

30 year fixed               6.125%                                    6.375% Read the rest of this entry »

If there was ever a week to do things with the family this is it.  The Raiders are at Minnesota in the morning (combined record 5-13) and in the afternoon the Rams are at the Niners (combined record 3-15).  Hard to believe but both the local teams are underdogs in a couple of dog games. Read the rest of this entry »

I took this quote from a blog regarding the plight of the homeowner in New Jersey and New York.

“Homeowners in western New Jersey’s Hunterdon County. Last year, the median yearly property tax bill amounted to a whopping $7,999 here, according to the Tax Foundation, a nonpartisan research group in Washington, D.C, which compiled data based on 2006 figures.

Things aren’t much better in New York. In Nassau County, Long Island, the median homeowner drops $7,706 a year, while up north, Westchester County residents pay $7,626 a year.

In fact, New York and New Jersey residents can expect to pay up to $6,500 more in yearly property taxes than the national average. The reason: The region’s homes are among the priciest in the country, and tax rates there are high as well. Read the rest of this entry »

Eleven Sonoma County teams making the 2007 North Coast Section Playoffs.
The numbers by their name is their seeds…the spread is from CalPreps.
All games kickoff at 7 pm Read the rest of this entry »

Thanks for the question you raised on my blog: www.MikesRealEstateShow regarding “debt foregiveness”. In your case, if you move back into your residence and do a “Short-Sale” on the property then this bill allows you to receive debt foregiveness and NOT have it reported as “ordinary income” which would be added to your regular income in the year of the sale. Read the rest of this entry »

Rates as of 11/9/07   Now is a great time to purchase a home!  With so much to choose from, and rates still low!  Ask me how to finance your deals!

 Today’s rates quoted are a small sample of current rates.  Give me a call for more information about different rates, loan products and requirements!         (707) 284-2718

Conforming                 fully amortized                        interest only

30 year fixed               6.125%                                    6.375% Read the rest of this entry »

The North Coast Section Redwood Empire Playoffs are set:
3A First Round Games with times to be announced: Read the rest of this entry »