Just as our local communities have evolved, we've seriously considered for the past several years how we could someday "give back" and "finish well" - expressions that can mean a lot of things to different people.
As part of our research into opportunities for service, in early 2013 we contacted a Peace Corps recruiter who helped us start our journey. But our new path wasn't going to be as straight and easy as we thought! And so we began a transition into something completely different from the routines we've known for the past 30 years - and have begun a path that's leading into the exciting unknown. This will be our story!
By Don | March 4, 2009
The U.S. Treasury Department just issued rules this morning allowing troubled homeowners the opportunity to do a loan modification.
A parallel story line is that the House is coming closer to voting on legislation (maybe tomorrow?) that would allow bankruptcy judges to “cram down” loan terms on lenders. One potential provision to this legislation is that homeowners must first have attempted to do a loan modification prior to seeking relief in bankruptcy court.
Read the rest of this article »
Comments Off on Treasury Department issues loan modification rules
By Don | March 2, 2009
On Friday I met with an investor who owns a number of rental properties by the SeaBee base. I told him, “I’ve got good news and I’ve got bad news”. The good news is that inventory is way down from last summer. The bad news (for investors like him) is that property values have plunged. Here is detailed data of active listings, homes in escrow, and sold listings for a micro section of Oxnard: Read the rest of this article »
Filed under article topic:
Home buyers,
Investors
Comments Off on Oxnard MLS inventory in decline
By Don | February 25, 2009
I was just looking this morning at a new Countrywide REO listing in the McKeon condos with an asking price of $148k. It last sold in 2006 for $352,000. Investors are renting out these units for around $1,200+ a month, but what would the payments be for a Ventura homebuyer at today’s low prices and interest rates? Here are the numbers: Read the rest of this article »
Filed under article topic:
Home buyers
Comments Off on Buying a McKeon condo same as renting it
By Don | February 25, 2009
I was just looking at BankRate.com to see how the FHA interest rate has changed over the last couple of months (it’s plunged), and their chart says it all:
That’s why entry level buyers are coming out of the woodwork to snap up the REO and distressed sale properties!
Comments Off on FHA interest rate way down
By Leslie | February 24, 2009
I’m searching the Camarillo MLS for my client who wants to buy an entry level home in the Mission Oaks area and boy, was I surprised! Read the rest of this article »
Filed under article topic:
Home buyers
Comments Off on Camarillo MLS listings surprise
