The Southland’s unemployment will rise and personal income will fall as construction keeps sinking and the aerospace, textile and motion picture industries absorb blows, Jack Kyser predicts.
Unemployment in California and Los Angeles County will increase well into 2010, continuing to exceed the highest levels since at least the end of World War II, according to [...]

The Federal Reserve regulations require lenders to provide consumers with initial disclosures of their mortgage costs within three business days of their loan applications, among other changes.
Reporting from Washington — If you’re applying for a loan to buy a primary or secondary home, or planning to refinance, you should be aware of a little-publicized set [...]

The Obama administration recently sent a letter to the chief executives of the 25 lenders who have signed up for the Making Home Affordable program, urging them to move quicker to help troubled homeowners.
In the two-page letter, Treasury Secretary Timothy F. Geithner and Secretary for Housing and Urban Development (HUD) Shaun Donovan, asked the servicers [...]

In a move that suggests its initial rescue plan was insufficient, the Obama administration yesterday announced plans to widen the eligibility parameters of a key housing initiative. The change would allow borrowers with mortgages valued at 125 percent of their home’s worth to refinance into more affordable loans. Previously, only borrowers with so-called loan-to-value ratios [...]

S & P/Case-Shiller index shows a decline of 18% in April from a year earlier. The January year-to-year drop was 19%. In the L.A. area, prices fell 21% from April to April; the January drop was 25%.
By Peter Y. Hong
July 1, 2009
U.S. home prices continued to fall sharply in April but are no longer doing [...]

Qualified, first-time home buyers using a Federal Housing Administration (FHA)-insured mortgage now can apply the $8,000 federal tax credit toward their down payments, the Dept. of Housing and Urban Development (HUD) announced today.
Currently, borrowers applying for an FHA-insured mortgage are required to issue minimum down payments of 3.5 percent. Previously, FHA-approved lenders were not allowed [...]

Deflation has arrived but inflation could be flaring up in a couple years. The latest March consumer price index showed the first decline over a 12 month period since the Eisenhower administration. With rising unemployment and excess factory capacity there is virtually no pressure for wages or prices to rise. The first order of business [...]

With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help.
Here’s a list of programs that are either operated by the U.S. government or have its seal of approval:

To find a counselor, contact the U.S. Department of Housing and Urban Development (HUD) at [...]

With incomes falling and loans remaining hard to get, the best bargains are probably yet to come in some of the nation’s largest housing markets, predicts Forbes magazine.
To figure out which housing markets still haven’t hit bottom, Forbes calculated the spending power, unemployment, credit availability and housing stock over the last 27 years in the [...]

WASHINGTON (AP) — Federal and state officials are cracking down on mortgage modification scams, accusing “criminal actors” of preying on desperate borrowers caught up in the nation’s housing crisis.
Government officials said Monday that scammers are seeking to take advantage of borrowers in danger of default by charging them upfront fees of $1,000 to $3,000 for [...]

To help provide first-time home buyers with peace of mind when purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Housing Affordability Fund is offering a new mortgage protection program to first-time home buyers.
Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible [...]

Mortgage rates fell once again in the week ending March 26, hitting another record low, according to Freddie Mac’s ([1] FRE: 0.80 -4.76%)  Primary Mortgage Market Survey released Thursday. 30-year fixed-rate mortgages averaged 4.85 percent with an average 0.7 point, down from last week’s 4.98 percent average, and clearly below the average last year at [...]

Lender/Servicer Loss Mitigation Phone Numbers & Contact Information
ABM AMRO Mortgage (800) 783-8900
Web: https://www.mortgage.com/C3/application.bus
Accredited Home Lenders(877) 683-4466
AMC Mortgage Services (Also handles loans originated by Ameriquest and Argent) (800) 211-6926
1600 McConnor Parkway
Schaumburg, IL 60173
Web: https://www.myamcloan.com/malwebapp/begin.do
American Home Mortgage Corp.(877) 304-3100*
Ameriquest Mortgage (Debt collection — see AMC Mortgage Services) (800) 211-6926
Aurora Loan Services (Debt collection) (800) 550-0508
By Overnight Mail:
601 [...]

Bad credit can ruin a deal.
Bad credit translates into financing rejections, prohibitively high loan rates, and failed deals. That’s why real estate professionals need to educate themselves about the credit system and show prospective buyers the value of repairing their credit, if necessary, in order to qualify for a mortgage.
Unfortunately for borrowers, most credit reports [...]

Housing could get a big boost from the latest addition to the mammoth stimulus bill working its way through Congress.
Senate legislators unanimously approved a proposal Wednesday that would allow a tax credit for home buyers of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for [...]

These days one of the biggest impediments to closing a real estate sale can be the buyer’s ability to get a mortgage.
Here are some tips for anyone who hopes to land a loan:

Turn to the government. The biggest source of loans these days is the Federal Housing Administration (FHA) and the Veterans Administration (VA). These [...]

With the estimated number of foreclosures approaching 8 million, it seems like everybody has a plan for modifying mortgages, but no one can agree on which one could work.
One outspoken critic of most loan modification plans is Norm Miller, a professor at the University of San Diego’s Burnham-Moores Center for Real Estate. He says he [...]

With home prices having dropped a painful 21 percent from their 2006 peaks, property owners everywhere could use a splash of good news in their New Year’s Eve cocktails. But as a nasty recession is now part of the picture, the chances of an aggressive housing market rebound next year are dim. “A lasting recovery [...]

WASHINGTON — Rates on 30-year-fixed mortgages dropped this week to their lowest levels in at least 37 years, as the Federal Reserve pledged to pour money into the mortgage market in an effor spur the moribund U.S. housing market.
Freddie Mac, the mortgage company, reported today that average rates on 30-year fixed-rate mortgages dropped to 5.19 [...]

Sales of existing homes plunged far more than expected last month as buyers recoiled from October’s financial wreckage on Wall Street. The median sales price fell by the largest amount on record.
The National Association of Realtors said Tuesday existing home sales fell 8.6 percent to an annual rate of 4.49 million in November, from a [...]

The government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw.
A reversal of the loose lending practices that led to the banking industry’s [...]

On November 20, 2007, Governor Schwarzenegger announced an agreement with several loan servicers to streamline the loan modification process for variable-rate borrowers. The agreement consists of three basic principles pursuant to which mortgage lenders will:

Reach out proactively to borrowers well before their loans reset;
Streamline the processes by which they determine whether borrowers may reasonably be [...]

If you are behind in your mortgage payments, you may be contacted by individuals or companies that will offer to help you work out a loan modification with your lender or provide other services to you in order to help you prevent a foreclosure on your home.
You must be very careful if you are asked [...]

The following information is intended for REALTORS® and homeowners seeking information on existing mortgage workout programs.  In general, the loan modification programs on the chart (see link below) and consumer information sheets (see links below) are intended for primary residences only.

For an informational chart on existing mortgage workout programs, click here. The chart is a compilation of programs [...]

NOTE: Homeowners, contact your existing lender and/or a new lender to discuss how you may qualify for the H4H program.
 

The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in [...]

1673 BAY CT, YUBA CITY $159,000 REO
328 DORMAN, YUBA CITY $75,000 REO
134 YORKSHIRE WAY, YUBA CITY $195,000 REO
2351 ARIZONA WAY, YUBA CITY $ 204K REO
1278 TORI LANE, YUBA CITY $235K REO

1. 4614 ARDMORE AVE, OLIVEHURST $ 34,900 REO
2.1966 SUNRISE AVE, MARYSVILLE $56,900 REO
3. 799 CLARK AVE, YUBA CITY  $60,000 SHORT SALE
4. 377 WOODBRIDGE AVE, YUBA CITY $63,900 REO
5. 189 DEL MONTE AVE, YUBA CITY $67,900 REO

If your CalHFA loan is serviced by CalHFA Loan Servicing (or you make your payments to CalHFA), see below.  
Borrowers who are unable to afford their mortgage payments and wish to avoid foreclosure have options:

Special Forbearance Plan – a written agreement allowing borrowers to either suspend or reduce monthly payments for a specified period of [...]

NEW YORK (CNNMoney.com) — A plan announced today by Bank of America will be the most aggressive foreclosure prevention effort ever undertaken by a U.S. bank.
The program, scheduled to start in December, will be open to distressed borrowers who signed up with Countrywide Financial between January 1, 2004 and December 31, 2007. Countrywide was acquired [...]

NEW YORK (Fortune) — After much ado, the government appears ready to toss a lifeline to Wall Street. But with policymakers frantically battling to keep the economy out of a deep slump, it won’t be the only one needed.
The House of Representatives is expected to approve a $700 billion rescue package Friday. The so-called Troubled [...]

1. Plug air leaks with caulking, sealing, or weather stripping. Save 10 percent ($190 per year) or more on energy bills. Focus on windows, doors, outlets or switch plates on exterior walls.
 
2. Properly maintain the heating system. Heating accounts for half the average family’s energy bill (approximately $950 per year). Make sure the furnace or [...]

Although August home sales in the San Francisco Bay Area were only slightly lower than a year ago, the region’s median home price plunged to lows not seen since January 2004, real estate information service DataQuick reported Thursday.
The nine-county region saw a total of 7,232 new and resale houses and condos sold last month, down [...]

The President has signed into law legislation that will allow HUD’s Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the program, certain borrowers facing difficulty [...]

A bill passed by the House on Wednesday will assist up to 2 million borrowers in danger of foreclosure by allowing them to refinance their current mortgages with a Federal Housing Administration (FHA)-backed loan. The bill also allocates funding to assist Fannie Mae and Freddie Mac. Most borrowers will receive substantial savings on FHA-backed loans, [...]

Yuba City Demographics

Quick Glance

Population:
41,509

Residents per square mile
Population Density:
4,429

Median Income:
$36,745

 
http://realestate.yahoo.com/California/Yuba_City/neighborhoods

The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
This provision applies to debt forgiven in 2007, 2008 or 2009. Up to $2 [...]

(The foreclosure timeline and process varies from state to state. In California it is generally non-judicial and done outside of the courts but some states have judicial foreclosure. Be sure you understand the correct process and timeline in your state. Our counselors may be able to provide you with information on your state.)
Day 1 You [...]

EPPERSON WAY, live oak
to see this great investment, call ranjit kandola at 530-315-1020

only $76.10/sqft
 

YUBA CITY AREA (SUTTER AND YUBA COUNTIES) $ 425,000
SACREAMENTO AREA: $ 580,000
MODESTO AREA: $ 423,750
NAPA: $ 729,750
REDDING: $ 423,750
SAN FRANCISCO: $ 729,750
SAN JOSE/SUNNYVALE/SANTA CLARA: $ 729,750
STOCKTON: $ 488,750

only $85.50 sqft
year built 2002
4 beds 2 baths
call now ranjit kandola for showing 530-315-1020

YR 2005
4 BEDS/3BATH….LOT: 6098 SQFT
ONLY $87.24/SQFT 
Live Oak, California
call Ranjit Kandola for  more info; 530-755-1130

1. La Jolla, Calif. $1,708,333
2. Beverly Hills, Calif. $1,313,750
3. Santa Barbara, Calif. $1,230,000
4. Palo Alto, Calif. $1,212,000
5. Greenwich, Conn. $1,192,500
6. Newport Beach, Calif. $1,174,375
7. San Mateo, Calif. $1,142,500
8. San Francisco, Calif. $1,125,500
9. Wellesley, Mass. $1,102,500
10. Kailua Kona, Hawaii $1,087,500
Source: Realtor.org

NAR’s research found that simply increasing the loan limits for Fannie Mae and Freddie Mac to $625,000 would permit as many as 300,000 families to enter the housing market, reduce foreclosures by as many as 210,000 and allow as many as 500,000 jumbo loan borrowers to refinance to lower cost loans, saving these people $274 [...]

5 YR FIXED  IO – STATED/STATED
ONLY AT 5.000%
Call us today for this special rate at 530-315-1020

year built 2008
1530 sqft
3 bedrooms 2 baths
only $189,000
in LIVE OAK, CA
plus:
6 bedrooms/ 3 baths
year built 2007
approx 2394 sqft ….in LIVE OAK for only $279,000
call now ranjit kandola for more info
530-315-1020

No Ratio
$417K, SFR, OO, Rate/term, 80% LTV, 5/6 ARM, 660 FICO7.875% par No PPP
7.625% 3 yr PPP
SISA
$417K, SFR, OO, Rate/term, 80% LTV, 30 yr fixed, 680 FICO no PPP
6.50%
Jumbo
$650K, SFR, OO, Cash out, 80% LTV, 30 yr fixed, no PPP, 620 FICO, SISA
6.875% par
$1mil, SFR, OO, Rate/Term, 80% LTV, 30 yr fixed, no [...]

Single-Story ~1625 sq ft~3 Bedroom~2 Bath~2 Car
Lot size approx. 7204 sq ft
$249,900 ($156 per sq.ft)
This home offers:
Cul de Sac location, front yard landscaping, oak cabinets, dual pane windows, formal dining room, finished garage with opener, micro-hood, tile kitchen countertops,  cultured marble bath countertops, concrete tile roof, rounded corners.
Plus: The Builder is offering up to $5000 [...]

At least 6,638 homeowners in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba received formal notices of default. Statewide, more than 24,000 homeowners surrendered their keys to the bank during the three months, DataQuick reported. That’s the highest number since the researcher began keeping statistics in 1988.
Third-quarter figures for the region:
- Placer County reported 728 [...]

Hard Money 65% LTV/ 70% CLTV
Easy Lending
HELOCS 65%
Purchase or  Refinance / Cash Out
O/O, N/O/O,  2nd  Home, SFR, Townhouse, Condo, 2-4 Units
Loans $50,00 to $10MM+
No Minimum Credit Score
Stated Income, Stated Assets
(COMMERCIAL AND LAND)
Fast loan Approval !!!