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The ‘Right Tools, Right Now’ initiative is back in 2010 to help you and your business find continued success. In the coming year, you’ll find even more great FREE or AT-COST offers, updates to existing NAR products and resources, plus valuable tips on how to make the most of Right Tools, Right Now. If you haven’t [...] Fannie Mae and Freddie Mac will suspend foreclosure evictions from December 19, 2009 through January 3, 2010. To help struggling families over the holidays, both owner-occupants and tenants living in properties foreclosed upon by Fannie Mae will not be evicted. Freddie Mac’s suspension of evictions will be limited to properties up to four units. In a [...] REALTORS® and their clients who encounter unlawful or unprofessional conduct by an appraiser may file a confidential complaint with California’s Office of Real Estate Appraisers (OREA). Since implementation of the Home Valuation Code of Conduct (HVCC) in May 2009, REALTORS® have reported many challenges and difficulties with appraisals, such as low appraisals, inexperienced appraisers, out-of-area appraisers [...] Some 200 Members of both the Sacramento Hispanic Chamber of Commerce and the Sacramento Association of REALTORS® enjoyed a mixer at the SAR office on December 9. The mixer was organized by SAR’s Equal Opportunities Committee. To help the Hispanic Chamber Members learn more about what SAR has to offer them, volunteers shared information on: Scholarship, [...] Erin Attardi Did you attend the YPC CanTree Fundraiser – Dancing Through the Decades? If not, you missed a fantastic event! Aside from enjoying great wines with tastings offered by Carvalho Family Winery, Revolution Wines, and Ehrhardt Estates; delicious food provided by BJ’s Brewery, Tokyo Fro’s, and Zocalo; dance music mixed by our very [...] For the first time in over three years, the single family home median sales price made an increase year-to-year, signaling a possible end to the home price freefall. Single family home sales decreased 16.1% month-to-month, totaling 1,439 units in November – 277 less than October. Year-to-year, the current figure is also 16.1% below the 1,716 sales [...] 2010 C.A.R. President Steve Goddard sent out the following letter concerning short sales: Dec. 16, 2009 Dear C.A.R. Member: I wanted to bring to your attention some important details about the recently announced Home Affordable Foreclosure Alternatives program (HAFA), which provides instructions for lenders and servicers participating in the Making Home Affordable Program and Home Affordable Modification Program [...] Written by Kenneth R. Harney HUD Secretary Shaun Donovan made it official last week: Applicants for FHA insured mortgages in the coming months are going to be hit with higher costs and tougher credit standards. In congressional testimony, Donovan said some of the changes are likely to include the following: Number one: Higher downpayments. The current minimum is [...] A proposal to create an Auxiliary Membership for home buyers and home sellers was recognized as a “game changing” idea by the National Association of REALTORS®. NAR received more than 200 submissions. Fourteen associations, including the Sacramento Association of REALTORS®, received grants to undertake their chosen projects. Nelson Janes, Sacramento [...] Steve Goddard – 2010 C.A.R. President Dear C.A.R. Member: I wanted to bring to your attention some important details about the recently announced Home Affordable Foreclosure Alternatives program (HAFA), which provides instructions for lenders and servicers participating in the Making Home Affordable Program and Home Affordable Modification Program (HAMP). HAFA helps standardize the short sale and [...] |
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Tuesday, December 29th, 2009
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