Lots of talk, lots of hype about B of A's announcement to put a stop to foreclosures. Not only in judicial states but also non-judicial states. Since I sell houses in Sacramento, and California is a non-judicial state (meaning at one point BofA was not going to include it because in this state, a court-procedure is not needed in order for a lender to foreclose) The seemingly "good" news would be this: my Sacramento home owners who are facing foreclosure have a chance to catch their breath. My Sacramento short sellers, have time for me to sell their homes, and let's face it, ALL home owners everywhere have a chance to list and sell their home and not worry (right this second) about facing foreclosure. Here's the not so good news: first, this isn't going to last long (read the quotes belo... 10/11/2010

Lots of talk, lots of hype about B of A's announcement to put a stop to foreclosures. Not only in judicial states but also non-judicial states. Since I sell houses in Sacramento, and California is a non-judicial state (meaning at one point BofA was not going to include it because in this state, a court-procedure is not needed in order for a lender to foreclose) The seemingly "good" news would be this: my Sacramento home owners who are facing foreclosure have a chance to catch their breath. My Sacramento short sellers, have time for me to sell their homes, and let's face it, ALL home owners everywhere have a chance to list and sell their home and not worry (right this second) about facing foreclosure. Here's the not so good news: first, this isn't going to last long (read the quotes belo... 10/11/2010

10/06/2010

10/04/2010

While I live two blocks from the line that divides the Arden Arcade Area from Carmichael, I do have family members, friends and a multitude of clients who DO live in the Arden Arcade Area and WILL be affected by the possible changes coming on.   Actually, as with all things, change is inevitable. The question is, what kind of change will transpire and how will it affect the tri-zip code residents of the Arden Arcade Area? As I leave my house each day, I can’t help but notice the numerous yard and street signs that either oppose or support Measure D. This is the Measure which will determine whether Arden Arcade becomes its own city. The November ballot is just around the corner, and with so many other issues to be concerned with, this seems to me to be a big one for those who will feel i... 10/04/2010

10/01/2010

From the industry-expert blog of Tim and Julie Harris entitled: 2011-2014 Housing Predictions | New Housing Bubble Forming? The housing bottom many see in 2014 will not usher in a new boom; rather, it will merely mark the transition to a decade (or more) of stagnation. Take a wild stab at when housing will bottom, and you can find an analyst’s opinion to support your guess: one respected housing expert sees a bottom in six months, while equally experienced observers see a bottom in 2013, followed by a decade of slow improvement. If history echoes, as it tends to do, then the last mini-bubble, bust and aftermath offers us an instructional model of how housing bubbles play out.   Why is this so? For two reasons: human psychology reliably swings between euphoria and caution in the marketpl... 09/28/2010

Here's all you need to know about the California housing market, and most especially the Sacramento or Carmichael Areas. Whether you just want to know Septermber 2010 Sacramento home sales, see what your home is worth, do a home search, or take a look at stats in another part of the state, my Sacramento Housing Trends Newsletter is up to date and ready for your review. Enjoy it now! Have a wonderful October and let me know if I can ever be on any assitance. Yours in service,   Tamara Dorris 09/27/2010

My silly, soon-to-be actress daughter likes to make fun of Mom (me) and always teases me about my social media practices. She sent me this video and I honestly couldn't stop laughing, so I thought I would share it here. 09/27/2010

09/24/2010

According to Tim and Julie Harris of Harris Real Estate University  Then read the bottom for Tamara's Take on Sac Town:   " U.S. home prices dropped 3.3 percent in July from a year earlier, the eighth consecutive decline, as foreclosed properties flooded the market. Prices fell 0.5 percent from June, the Federal Housing Finance Agency in Washington said in a report today. Economists had projected prices to fall 0.2 percent from the previous month, based on the average of 15 estimates in a Bloomberg survey. The agency revised the previously reported May-to-June decline to 1.2 percent from 0.3 percent. Foreclosures are boosting the supply of available properties and reducing prices, even as mortgage rates tumble to record lows. The time it would take to clear the market of homes for sale... 09/23/2010

09/21/2010

Breaking Short Sale News: H.R. 6133 Will Force Lenders To Take Action On Short Sales Faster Here is the latest…more info on this new proposed legislation coming… This is breaking news from REO Insider…and great news at that…It appears that we will see some greater support in the form of actual Short Sale Laws from our government…Limiting the time a bank can respond to a short sale request from it’s borrowers… Rep. Robert Andrews (D-NJ) and Rep. Tom Rooney (R-FL) have introduced a bill in the house H.R. 6133 – Prompt Decision for Qualification of Short Sale Act of 2010; that would force lenders to make a yes or no decision on a short sale within 45 days of the short sale request. This could be huge in facilitating short sales. There appears to be widespread support for the bipartisan pro... 09/20/2010

09/19/2010

Here's a recent article published by CNN about the housing comeback...I knew prices would start creeping up...so now is the time to buy!     By Les Christie, Staff writerSeptember 15, 2010: 5:43 AM ET NEW YORK (CNNMoney.com) -- The national housing market is shrouded in uncertainty. But in California, there are glimmers of stability. Home prices are rising in virtually every corner of the state. They've climbed for nine consecutive months, and in July posted a 10.4% gain year-over-year. That puts the state's median price at $315,000 -- nearly twice the national median of $183,000. And the news is even better in coastal cities. San Francisco posted the biggest gain of any U.S. metro over the past year, rising 14.3%. The median price there is now more than $607,000. Meanwhile, San Diego h... 09/16/2010

While I’ve got an absolutely FREE BOOK on short sales, I thought, for those folks who don’t want to read the whole thing, I would write a post that lays out the basic process so they can be prepared. Please note, this is for primary residences..things are different for investment properties, which I will explain in a different post. So who can short sale their home? Anyone. It used to be that you had to have a bonafide “hardship,” but as the economic crunch has worsened, just the fact that the value of your property had declined so dramatically tends to be reason enough. You will still need to fill out a hardship letter, which your agent can instruct you on. Should I do a loan modification (or, what if I’m currently trying to)? When all the talk of loan modifications first started, I th... 09/14/2010

Your Carmichael Real Estate Agent Here With This Weeks Big To Do!!! The Effie Yeaw Nature Center is Celebrating is Grand Re-Opening on Friday!  If you have never been to the Effie Yeaw Nature Center, you are in for a treat.  It's right here in Carmichael and it is just a beautiful nature area. (2850 San Lorenzo Way at Ancil Hoffman Park) Hundreds of school children visit the beautiful center for science field trips every school year.They are having a re-grand opening event this Friday, tomorrow, from 6pm to dark.  After their brief meeting, you can meet their resident owls, Luna and Sophia,  take a guided tour to look for bats, owls and other creatures of the dark, and participate in a silent auction while enjoying refreshments.  The weather has been a little weird lately, but tomorrow ... 09/09/2010

09/09/2010

This weekend a very nice couple is moving into one of my listings in Carmichael California as "home managers."  They have put the utilities in their names, their responsibility is to keep the home and yard showing-ready, and I no longer have to worry about protecting the home against vandalism or going over to water the lawn, sweep the patio or try to get the lawns mowed and windows washed! The home managers will stage the home with their own pre-approved furniture, and they must leave the home for showings with no more than 1/2 hour notice (instead of the 24 hour notice that true renters require).  They will leave for three hours for open houses. They also know that they could be asked to move within 48 hours when a sale is ready to close (although I think I could give them a bit more ... 09/04/2010

Peter Parker | Keller Williams Realty | (916) 863-0444 4909 Clear Cir, Carmichael, CA Unique Carter Sparks designed mini Resort! 3BR/2BA Single Family House offered at $365,000 Year Built 1974 Sq Footage 1,451 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking 2 Car garage Lot Size 10,018 sqft HOA/Maint $0 per month DESCRIPTION Designed by Carter Sparks, custom built by Streng this contemporary 3 Bedroom, 2 Bath home is a MUST SEE! Situated on a double lot in a quiet neighorhood this home offers exceptional quality details throughout; hardwood floors, clerestory windows, high celings, updated kitchen, new heating and air conditioner with electronic air filter system. The backyard is equisitely landscaped including built in pool and spa. The property offers gated RV stora... 09/03/2010