Real Estate

Cory Maguire has been a local real estate leader for over 15 years. Search her online listings for short sales and other prime properties in Sebastopol, Graton, Santa Rosa, and West Sonoma County.

It’s a Really good opportunity…..if you qualify

by Cory Maguire on February 11, 2011

Marc Sanders, who lost his job as a radiology consultant in October, was thrilled to find out he qualified for a federally funded program that will make up to $3,000 a month in mortgage payments on behalf of unemployed homeowners in California.

Sanders was eligible for the maximum assistance – $3,000 a month for six months – from the Keep Your Home California program, but he was shut out for an astonishing reason.

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Short Sale – preferred alternative to foreclosure

by Cory Maguire on February 10, 2011

The HAFA (Home Affordable Foreclosure Alternative) program is important because it’s sponsored by the federal government, with the common goal of helping borrowers and an alternative way in avoiding foreclosure. A short sale or deed-in-lieu (DIL) is
the best choice for both the lender and the borrower because the home will maintain it’s value better when occupied, and the borrower gets to reduce their debt load with no deficiency judgement against them. If you were not able to get your loan modified, this is the best option for you since a foreclosure or bankruptcy can affect your credit for 7-10 years. In addition, there is no cost for the program and you will also receive a $3000 incentive at closing.

Up to $3,000 monthly mortgage assistance for some homeowners, for up to six months

February 10, 2011

The Unemployed Mortgage Assistance Program (UMA) is the first of four programs the state is scheduled to roll out as part of an initiative called “Keep Your Home California.”  The programs are supported by $2 billion in federal dollars provided through the Hardest Hit Fund. Eligible homeowners who are struggling to make their mortgage payments [...]

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The California Housing Finance Agency Wants You to Keep Your Home!

January 19, 2011

The U.S. Treasury Department has approved CalHFA’s plan to use nearly $2 billion in federal funding to help California families struggling to pay their mortgages. The Keep Your Home California programs are focused on assisting low and moderate income families stay in their homes, when possible, and leveraging additional contributions from mortgage servicers. Primary objectives for the [...]

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Perspectives on Short Sale Activity

January 18, 2011

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The Cost of Fannie and Freddie

January 18, 2011

The estimates we have seen on how much Fannie Mae and Freddie Mac are costing taxpayers may be overblown. According to NewsGenius, The Federal Reserve reported a record payout to the Treasury Department Monday, as its profits were boosted by government-sponsored entity securities it purchased during the financial crisis. Income from these investments totaled roughly [...]

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Meanwhile, Around the World…

January 18, 2011

2010 was a very good year for the Australian and Canadian housing markets, among others. Although not as hot as in previous years, Australia’s housing market in 2010 was ranked No. 1 in the world by Toronto-based Scotiabank, an international financial organization that dates back to 1671. Of the 12 advanced nations tracked by Scotia [...]

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2010 Census Data Available Online

January 3, 2011

With the release of the new 2010 Census material, it is easy to learn about recent changes in population and density in each of the 50 states. Search for the most up-to-date data, or go back all the way to the 1910 Census results, all on one website. An information junkie’s afternoon feast! 2010 Census [...]

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Benefits to Homeowners in Recent Tax Deal

December 30, 2010

When President Obama signed the big tax bill that made it through Congress earlier this month, homeowners reaped some important benefits. According to USA Today, homeowners can count on: Deductions for private mortgage insurance: The agreement extends through 2011 a provision allowing home owners to deduct mortgage insurance premiums. To qualify for the full deduction, [...]

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Real Estate Market to Finally Hit Bottom in 2011?

December 30, 2010

National housing prices are likely to drop another 5 to 10 percent in 2011, as they finally hit a “trough” before slowly rising again, according to real estate data company Altos Research. As reported by Inman News, Prices are going to go down a little bit more, and if there’s nothing but bad news out [...]

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