Ideal Edge

New York's Billionaires' Row Booming

noreply@blogger.com (Philip C.) — Wed, 17 Dec 2014 16:27:00 +0000

Looks like there is an influx of investment to New York's 57th St area (known as Billionaires' Row):

http://ny.curbed.com/archives/2014/12/16/live_on_new_yorks_billionaires_row_for_less_than_1_million.php

Retail space ernts have also gone up considerably:

http://therealdeal.com/blog/2014/10/30/retail-asking-rents-surge-on-57th-street-rebny-report/

Real Esate Crowdfunding

noreply@blogger.com (Philip C.) — Mon, 15 Dec 2014 07:23:00 +0000

Crowdfunding has reached real estate--here are the most popular and well-known websites:

Fundrise: fundrise.com
RealtyMogul: realtymogul.com
RealtyShares: realtyshares.com
CrowdStreet: crowdstreet.com
GroundBreaker: groundbreaker.co
iFunding: ifunding.co
ProdigyNetwork: prodigynetwork.com
Patch of Land: patchofland.com

CA Landlord/Tenant Links

noreply@blogger.com (Philip C.) — Thu, 15 Jul 2010 23:28:00 +0000

Some useful landlording related info:

http://www.courtinfo.ca.gov/selfhelp/other/landtenqa-land8.htm

http://www.landlord.com/lawresoverview.htm

http://www.mrlandlord.com/pages/lease.html

http://www.mrlandlord.com/lease/

http://www.mrlandlord.com/pages/rentalapplication.html

http://www.allbusiness.com/management/606810-1.html

E&O Insurance/Tips For Brokers/Agents

noreply@blogger.com (Philip C.) — Wed, 14 Jul 2010 19:23:00 +0000

For real estate brokers/agents:

http://activerain.com/blogsview/700293/e-o-forum-please-give-us-your-two-cents-worth-

1. Hold your home as tenants by the entireties.

2. Place a car insurance rider on your vehicle that covers clients.

3. Put into place policies and procedures that all agents must follow on each and every listing.

4. As a Broker, take an active role in all listings.

5. As a Broker, put into place continuous training and quality improvement.

6. Should a "wronged" party contact you, be professional, and get the facts.

7. No matter how right you think you are, Always MEDIATE before you attempt to litigate.

8. Should you list a home that does not have home owner's insurance on it -- place a warning in the MLS.

9. Always make sure you know who you are talking to when you give that code to enter the home or location of a key over the phone.

10. Insurance companies are not the same. Some are easy to work with and others will do all they can to keep from paying you.

11. Most E & O companies will take the path that costs them the least amount of money.

12. Make sure your insurance has the right numbers. For example. If you have experienced well trained agents and you are only selling $5,000 lots that have been surveyed and each lot has title insurance with a General Warranty Deed and each lot is not in some sort of hazard zone, purchasing an E & O policy of $500,000 just may be a waste of money. Why? Most E & Os have a deductible of about $5,000.

13. Should you have many assetts, consider an umbrella policy.

14. Make sure all solo buyer agents are Accredited Buyers Represenatives.

Here are a some points to look into relating specifically to your E&O policy:

Owned property coverage - Are you covered if you or your agents sell personal property - Do you sell your own investment property also and are you covered for that? Do you manage your own properties?
Lock box - Do you have a sublimit? Full limits are better but make sure you have the coverage.
Disclosure of pollutants - Same here, do you have a sublimit? Full limits are better but make sure you have the coverage.
Tenant discrimination for property managers - sublimit? full limits?
Personal Injury - Wrongful entry or eviction, Trespass, Other invasion of right of private occupancy

** Watch for referral exclusions - we have recently seen companies excluding coverage if a claim arises from your referal of a client to an escrow company, mortgage broker, etc. Many agents consider that part of their customer service.

** Watch for sub-prime exclusions - they can be very broad

Vendor(s): PEARL

For life agents:

http://www.allbusiness.com/management/3588267-1.html

http://www.napa-benefits.org/ND/napa_direct.aspx

https://portal.web.scottsdaleins.com/pub/public/

http://www.ethicscheck.com/eo/

http://www.eoforless.com/ (CNA)

https://tipu.calsurance.com/calsurancecom/calsurance/index.aspx

http://www.efesonline.com/training/GETTING-STARTED/step-one.html

http://www.insurance-forums.net/forum/

http://www.iiaba.net/na/default?ContentPreference=NA&ActiveTab=NA&ActiveState=0

10 Best Places to Buy Foreclosure

noreply@blogger.com (Philip C.) — Wed, 03 Jun 2009 07:50:00 +0000

RealtyTrac's 10 Best Places to Buy Foreclosures

Metro Area	Avg. Savings on Foreclosure Purchase	1-Yr Price Apprecia- tion	5-Yr Price Apprecia- tion	Yr/Yr Employ- ment Growth
Binghamton, NY	50.59%	7.79%	43.64%	0.06%
Augusta/ Richmond, VA	67.62%	5.85%	40.35%	0.60%
Syracuse, NY	68.91%	5.45%	34.69%	0.20%
Yakima, WA	71.37%	5.42%	34.51%	1.10%
Hickory/Lenoir/ Morgantown, NC	71.42%	5.42%	23.79%	0.10%
Kingsport/ Bristol, TN-VA	71.84%	5.11%	33.41%	0.40%
Columbia, SC	72.70%	5.43%	30.08%	0.10%
Charlotte/ Gastonia, NC	74.69%	6.58%	31.03%	2.10%
Provo/Orem, UT	77.78%	6.34%	51.14%	-0.60%
Beaumont/ Port Arthur, TX	78.42%	5.90%	31.46%	0.10%

Eligibility For Mortgage Help

noreply@blogger.com (Philip C.) — Tue, 10 Mar 2009 19:54:00 +0000

The following articles summarizes how to determine eligibility for the US government's new mortgage assistance programs:

http://www.bankrate.com/brm/news/mortgages/20090310_housing_plan_questions_a1.asp

http://www.bankrate.com/finance/mortgages/check-your-mortgage-help-eligibility.aspx

http://makinghomeaffordable.gov/refinance_eligibility.html

http://makinghomeaffordable.gov/contact_servicer.html

New Tax Breaks For First Time Home Buyers

noreply@blogger.com (Philip C.) — Mon, 09 Mar 2009 02:46:00 +0000

The US federal law makers have recently enacted a couple of tax legialations (tax breaks in the he form of loan/credit) that they hope would stimulate the economy:

http://www.bankrate.com/brm/itax/tips/20090305-first-home-buyer-credit-a1.asp?caret=4k

http://www.bankrate.com/finance/real-estate/great-time-for-first-time-homebuyers-1.aspx

Inheritance Better Than Gift

noreply@blogger.com (Philip C.) — Sun, 11 Jan 2009 20:26:00 +0000

According to this article, it is better to inherit a house as opposed to received it as a gift (for tax reasons):

http://www.bankrate.com/brm/news/realestateadviser/20090111-inherit-home-versus-gift-a1.asp

The reasons being the benefit of "step-up" for the basis of the house upon the death of the original owner.

New FHA Conforming Jumbo Loan Limits

noreply@blogger.com (Philip C.) — Sun, 04 Jan 2009 21:57:00 +0000

The new conforming loan limits have been set:

http://www.bankrate.com/brm/news/mtg/20090101_FHA_new_loan_limits_map_a1.asp

Here are the new limits for some counties in California (CA):

Alameda	$ 625,000	Orange	$ 625,500
Alpine	$ 463,450	Placer	$ 474,950
Amador	$ 417,000	Plumas	$ 417,000
Butte	$ 417,000	Riverside	$ 417,000
Calaveras	$ 417,000	Sacramento	$ 474,950
Colusa	$ 417,000	San Benito	$ 625,500
Contra Costa	$ 625,000	San Bernardino	$ 417,000
Del Norte	$ 417,000	San Diego	$ 546,250
El Dorado	$ 474,950	San Francisco	$ 625,500
Fresno	$ 417,000	San Joaquin	$ 417,000
Glenn	$ 417,000	San Luis Obispo	$ 561,200
Humboldt	$ 417,000	San Mateo	$ 625,500
Imperial	$ 417,000	Santa Barbara	$ 603,750
Inyo	$ 417,000	Santa Clara	$ 625,500
Kern	$ 417,000	Santa Cruz	$ 625,500
Kings	$ 417,000	Shasta	$ 417,000
Lake	$ 417,000	Sierra	$ 417,000
Lassen	$ 417,000	Siskiyou	$ 417,000
Los Angeles	$ 625,500	Solano	$ 417,000
Madera	$ 417,000	Sonoma	$ 520,950
Marin	$ 625,500	Stanislaus	$ 417,000
Mariposa	$ 417,000	Sutter	$ 417,000
Mendocino	$ 417,000	Tehama	$ 417,000
Merced	$ 417,000	Trinity	$ 417,000
Modoc	$ 417,000	Tulare	$ 417,000
Mono	$ 529,000	Tuolumne	$ 417,000
Monterey	$ 483,000	Ventura	$ 598,000
Napa	$ 592,250	Yolo	$ 474,950
Nevada	$ 477,250	Yuba	$ 417,000

New 2nd Home Owner Tax Rules

noreply@blogger.com (Philip C.) — Fri, 05 Dec 2008 17:53:00 +0000

There are some noteworthy new tax rules for 2nd home owners:

http://www.bankrate.com/brm/news/tax/20080903-second-home-tax-a1.asp

According to the new rules, even if 2nd home owners convert their second piece of real estate to their primary home, they will owe tax on part of the sale money based on how long the house was used as a second, rather than their main residence.

Alternatives to Paying Your Mortgage If Your House Is "Underwater"

noreply@blogger.com (Philip C.) — Mon, 17 Nov 2008 23:03:00 +0000

According to experts, it might be better to consider some of the new alternatives recently enacted by the federal government if your house is "underwater" (i.e., you owe more than the value of your house). Some of the new programs (including FHA Secure and Help for Homeowners as well as Streamlined Modification) can modify your loan to a lower amount and/or lower monthly payments. Find out if you qualify:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/16/BUQR1442LQ.DTL
http://biz.yahoo.com/ap/081001/mortgage_aid.html

Mortgage Rates Higher After Fed Rate Cut?

noreply@blogger.com (Philip C.) — Wed, 19 Mar 2008 16:46:00 +0000

According to CNN Money, 30-year fixed mortgage rates actually go up after the Fed rate cut: the reason being that long-term mortgage rates tend to anticipate the future--the risk of inflation in particular.

On a side note, mortgage application fees may go up due to a new push for independent appraisers.

Best Time to Buy in Four Years

noreply@blogger.com (Philip C.) — Wed, 19 Mar 2008 16:29:00 +0000

According to CNN Money, now may be the best time to buy a house. Some of the best values are listed below:

City	State	Median price/% undervalued
Houma	LA	$116.5 -31.2%
Dallas	TX	$134.5 -30.0%
Houston	TX	$119.3 -29.1%
Shreveport	LA	$101.2 -28.6%
Lafayette	LA	$128.8 -26.2%
College Station	TX	$104.1 -25.8%
Fort Worth	TX	$111.7 -24.9%
Alexandria	LA	$93.3 -24.8%
Monroe	LA	$93.4 -24.6%
Lake Charles	LA	$99.9 -23.8%

Santa Clara County Median Housing Prices Rise in February 2008

noreply@blogger.com (Philip C.) — Mon, 17 Mar 2008 07:05:00 +0000

According to statistics, the median prices for single-family, re-sale homes and re-sale condos gained ground last month. The median price for homes rose 5.1% from January, a year-over-year loss of 1.5%. This is the first year-over-year loss since August 2003. The median price for condos rose 13%, month-over-month, and was up 6.7% compared to February 2007:

http://sanjoseproperty.com/news.htm

Trends at a Glance
(Single-family Homes)
	Feb 08	Jan 08	Feb 07
Median Price:	$778,000	$740,000	$790,000
Average Price:	$988,772	$1,005,253	$965,600
Home Sales:	424	337	665
Inventory:	5,068	4,563	2,931
Sale/List Price Ratio:	98.2%	97.6%	99.8%
Days on Market:	81	87	71
Days of Inventory:	359	406	132

Sales of single-family, re-sale homes bounced back from the record low set in January. There were 424 homes sold last month, a rise of 25.8% from the month before, down 36.2% from last February. Condo sales rose 2.2%, but were off 56.9% year-over-year.

Inventory continues to increase as we enter the spring selling season. The number of homes on the market rose 11.1% compared to January, and up 72.9% year-over-year. Condo inventory rose 8.7% month-over-month, and was up 61.7% compared to last February.

Santa Clara County to Collect 9-1-1 Service Fee

noreply@blogger.com (Philip C.) — Sun, 09 Mar 2008 05:29:00 +0000

The fee schedule will apply as follows per line (mobile or land), per month (Trunk lines are most often used in offices and each represent approximately 24 phone lines):

IRS Mortgage Relief Provision

noreply@blogger.com (Philip C.) — Sun, 09 Mar 2008 05:15:00 +0000

Uunder the new Mortgage Forgiveness Debt Relief Act of 2007 (HR3648), enacted on December 20, 2007 and applies to debt forgiven in 2007, 2008, and 2009, taxpayers may exclude debt forgiven on their principal residence if the balance of their loan was less than $2 million. The limit is $1 million for a married person filing a separate return.

According to IR-2008-17, borrowers who had some portion of their mortgage debt forgiven in 2007 should receive a Form 1099C from the lender identifying the amount of forgiven debt. Borrowers will have to file Form 982 (specifically lines 1e, 2 and 10b).

The debt must have been used to buy, build or substantially improve the taxpayer's principal residence and must have been secured by that residence. Debt used to refinance qualifying debt is also eligible for the exclusion, but only up to the amount of the old mortgage principal, just before the refinancing.

Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the new tax-relief provision. In some cases, however, other kinds of tax relief, based on insolvency, for example, may be available. The new law grants relief for principal residences sold by their owners or to borrowers who arrange a “workout” with a lender that reduces the outstanding balance of the mortgage.

The new rule also modifies the application of the exclusion when an individual converts a rental or vacation property to his/her principal residence. Under the new rule, effective Jan. 1, 2008, the owner will still have the option of receiving the benefit of the exclusion, but will be required to pay capital gains taxes on the appreciation attributable to the time that the property was used as an investment property. The amount excluded will be a fraction, determined at the time the vacation/rental property is sold. Assuming that the owner has satisfied the two-year residence requirement, the amount of gain that can be excluded will be determined by a fraction. The numerator of the fraction will be the number of years the property was used as a principal residence. The denominator will be the number of years the individual actually owned the property, measured from Jan. 1, 2008.

In addition, the new rule also extends the tax deductibility of Mortgage Insurance through December 31, 2010.

CalHFA, Other Agencies Can Help First Time Home Buyers

noreply@blogger.com (Philip C.) — Sun, 09 Mar 2008 04:39:00 +0000

CalHFA is a state agency that provides low interest financing and programs that create affordable housing opportunities for individuals within specified income ranges. In Santa Clara County, first-time homebuyers can qualify for a loan as long as they earn no more than $118,704 for a one-or two-person household or a maximum of $136,510 for a family of three or more. Re-sale homes cannot exceed $673,953 and new homes $595,086.

Besides CalHFA, California Housing Finance Agency at www.calhfa.ca.gov, Neighborhood Housing Services at www.nhssv.org or South County Housing at www.scounty.com also have programs that can also help first time home buyers.

New Conforming Mortgage Loan Limit: Will It Help?

noreply@blogger.com (Philip C.) — Sat, 08 Mar 2008 20:01:00 +0000

With the passing of HR5140, Congress and President Bush recently raised the conforming mortgage loan limit to $729,750 from the existing $417,000 (but only for certain areas and only till the end of this year--12/31/2008). However, this may not help rates as much as people have anticipated: the reason being the lenders will need to take on more risks. Some example areas in CA that are affected by the new limit are listed below (a factor of 1.25 x existing market value is used to set the new limit: with $729,750 being the upper limit):

(Reported by Stanford Group Company 1/25/08 - Markets where Fannie and Freddie Would be Allowed to Securitize Larger Loans Based on National Association of Realtors Median Sales Price Data)

Metro Area	State	Q3 2007	Median x 1.25	New Limit
Anaheim-Santa Ana	CA	700,700	875,875	729,750
Los Angeles-Long Beach-Santa Ana	CA	588,400	735,500	729,750
San Francisco-Oakland-Fremont	CA	825,400	1,031,750	729,750
San Jose-Sunnyvale-Santa Clara	CA	852,500	1,065,625	729,750

(Bay area specific: in addition to the counties of Santa Clara and San Mateo, the counties at the maximum level for FHA loans and new conforming loan limits are Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, Santa Barbara, Santa Cruz and Ventura. The counties of Lassen, Modoc and Trinity are subject to a loan cap of $271,050, the lowest possible amount for an FHA-backed loan under the new law.)

A complete list of counties can be found here:

http://www.ofheo.gov/media/hpi/AREA_LIST.pdf

And can be looked up here:

https://entp.hud.gov/idapp/html/hicostlook.cfm

Also here--but it seems like some counties are missing from these:

http://www.bankrate.com/brm/news/mtg/20080307_FHA_new_loan_limits_map_a1.asp

http://www.bankrate.com/brm/news/mtg/20080307_FHA_new_loan_limits_map_a2.asp

http://www.bankrate.com/brm/news/mortgages/mortgage_update.asp

http://spreadsheets.google.com/ccc?key=pg69cIkMEsq5NxwYK3A_NRw&hl=en

The rules for qualification under the new rules are stricter than before, however:

Jumbo-conforming mortgages have rather strict loan-to-value limits. If you're getting a loan to buy your principal home, you can't borrow more than 90 percent of the home's value if you get a fixed-rate loan, and you can't borrow more than 80 percent of the home's value if you get an adjustable-rate loan.
If you're refinancing, you can't get a first-lien mortgage of more than 75 percent of the home's appraised value. The combined amount of all mortgages, including home-equity debt, can't exceed 95 percent of the appraised value. These loan-to-value ratios for refinances apply to both fixed-rate and adjustable-rate loans.
You can do only a "limited cash-out refinance," which means that you can borrow a little bit more than your current balance, but only to pay closing costs or borrow a round number (i.e., borrow $530,000 instead of $528,838). You can't do a cash-out refi to pay off a home-equity loan or home-equity line of credit, or to walk away from the closing table with a check for more than $2,000.
You have to have a credit score of 660 or higher. If you're getting the loan to buy a house, and you're borrowing more than 80 percent of the home's price, the minimum credit score is 700.
For second homes and investment properties, the maximum loan-to-value is 60 percent, and the minimum credit score is 660.
It has to be a one-unit property. That includes a single-family house, of course, and it also includes condominium units. It excludes duplexes and triplexes where the owner rents out the other units.
Because you can't get a cash-out refi to pay off home-equity debt, the second-lien holder has to sign off on the refinance and agree to remain in the second lien position.
Some home-equity lenders, most prominently National City Mortgage, are refusing to agree to remain in the second-lien position, forcing borrowers to either pay off their home-equity debt or forgo refinancing.
You can't have had any late mortgage payments in the last 12 months. A late payment is defined as 30 days or more late.
The debt-to-income ratio is capped at 45 percent. That means if you have a gross income of $200,000 a year, the total debt payments can't exceed 45 percent of that, or $90,000. All ARMs are qualified based on the fully indexed rate.
Your life has to be an open book. You have to permit an appraisal with interior and exterior inspections, and fully document your income and assets.
If the loan-to-value exceeds 80 percent, you have to buy mortgage insurance.
You can't get a construction-to-permanent loan under the jumbo-conforming amount.

Credit Scores and Mortgage Rates

noreply@blogger.com (Philip C.) — Sat, 05 May 2007 17:27:00 +0000

From Bankrate.com's Elizabeth Razzi:

Each of the three major credit bureaus, Equifax, Experian and TransUnion, collects data from your lenders about your history of borrowing and paying back credit. They compile that information into your credit report, which any lender can access whenever you apply for a loan. The Fair Isaac Corp. is the major producer of credit scores. They take the information from those credit reports, apply their own trade-secret formula and, based on the three credit reports, distill three credit scores for you into one score ranging from 300 to 850.

A new credit scoring system has been developed by the three major credit bureaus -- the VantageScore. Their VantageScore reports are available for $5.95 each, a fraction of the cost of the FICO score. However, the scores are not a direct substitute for each other and mortgage lenders continue to look at FICO scores when reviewing mortgage applications, so they are the scores a mortgage borrower should buy.

Borrowers with high FICO scores -- the top tier ranges between 760 and 850 -- can expect lenders to offer them lower interest rates and more loan choices. Scores of 620 or lower usually place a borrower in the "subprime" category, and they can expect to be quoted significantly higher interest rates and may be offered fewer varieties of loans. A FICO score of about 500-520 is generally the minimum that will qualify for a mortgage.

Fair Isaac’s consumer Web site offers a chart that is updated regularly and shows how your FICO score can affect your interest rate.

For example, here’s what a borrower could have expected to be charged in interest for a $300,000 30-year fixed rate mortgage, based on his credit score, according to March 2007 interest rates:


760-850 tier	5.780%
700-759 tier	6.002%
660-699 tier	6.286%
620-659 tier	7.096%
580-619 tier	8.583%
500-579 tier	9.494%

Such variations in interest rate can add hundreds of dollars to your monthly payment and can make a big difference in the amount of debt for which you can be qualified.

Factors beyond credit scores

While scores are important, they are not the only thing lenders take into consideration when approving a mortgage. And low scores aren’t insurmountable obstacles, says David Reed, an Austin, Texas-based mortgage broker and author of "Mortgage Confidential: What You Need to Know That Your Lender Won’t Tell You."

"The FICO is one of the factors, not the only one."

Other "offsetting factors" can balance a low credit score, such as a large down payment, large cash reserves or an overall low debt-to-income ratio, says Reed. The important thing is that borrowers not assume they can’t get a mortgage because of a low credit score, or that they limit their loan search to lenders that specialize in loans to people with troubled credit.

"From a credit standpoint, the biggest thing people can do to harm themselves is to prejudge their situation because they thought they wouldn’t qualify," says Reed.

He recommends looking for a lender who does not charge a fee just to take your application and qualify you for a loan. "There are plenty of other lenders out there who will do that as a customer service," he says.

Scrutinize your credit reports

Of course, you need to make sure that your credit score is the one you’ve truly earned. If there are mistakes on your credit reports, they will translate into lower scores.

At least six months before you intend to apply for a loan, get updated copies of your credit reports from Experian, Equifax and TransUnion, plus a copy of your FICO score. All borrowers are entitled to one free copy of each credit report annually through the http://www.annualcreditreport.com/ Web site. Through the http://www.myfico.com/ Web site, Fair Isaac charges $47.85 for the three reports plus their FICO scores that are based on those reports. The budget-minded might opt for the $15.95 choice, for one of their credit reports and a single FICO score. If you spot problems, you can always go back and order the other two individually without spending more than their three-report package.

Review each of your credit reports for errors. Sometimes other people’s credit information can mistakenly make its way to your credit report.

Common names and family members’ information can show up where they don’t belong. There also can be errors about your payment history -- such as a notation of a missed payment when you can prove that you actually paid the bill.

Contact the lender involved with the error to straighten out the record. Normally it can take months for that information to make its way into your FICO score, according to Craig Watts, public affairs manager for Fair Isaac Corp. But if you’re already in the mortgage application process, your lender can request that the credit report companies do a "rapid rescoring" of your credit and have such errors corrected within 72 hours, he says. Lenders pay the credit bureaus for that service.

Bump up your score

You also can improve your FICO score by paying down outstanding balances on your credit cards, says Watts.

"If you’re only interested in improving your FICO score, you should start with accounts that are closest to the credit limits." Even if you never miss a payment, borrowing a large percentage of the credit that is available to you hurts your credit score.

Financial advisers usually recommend paying off the credit lines that have the highest interest rates first, and Watts recommends that approach if you also use the interest savings to pay down your closest-to-the-limit debts.

Don’t close any accounts

What you should not do in hopes of boosting your credit score is close any credit accounts.

"Closing an account will never improve a FICO score, and in some cases it can inflict harm on a credit score," says Watts. That’s because, if you’ve closed one or two credit accounts, but not reduced your overall borrowing, you’ve boosted your ratio of indebtedness compared to the total amount of credit available.

Lenders prefer to see that you have lots of credit available -- but relatively little of it actually borrowed.

NEW Washington Mutual Standalone 2nd/HELOC: An Excellent Product!

noreply@blogger.com (Philip C.) — Sat, 07 Apr 2007 07:19:00 +0000

Washington Mutual's new product: the standalone second/home equity line of credit (HELOC) is a no-cost (in most cases), low variable rate Home equity line of credit (can be combined with ANY existing first loans: including non-Washington Mutual ones--even neg-ams are OK: with no gross-ups whatsoever!) with a fixed rate (including interest-only!) option, allowing you to move between fixed and variable rates at any time! Get your needed cash now (for making home improvements or investments) or peace of mind of having insurance/emergency cash for the future (in case of unexpected tough times such as job loss or other contingencies)!

Contact Bishop Lending today to apply! (***Special for this month only: apply today, mention promotional code MAYSPECIAL and receive a FREE gift card!!!***)

Check Out These Hot Bay Area Foreclosure Listings!

noreply@blogger.com (Philip C.) — Thu, 05 Apr 2007 06:36:00 +0000

As you know, foreclosures are on the rise. Check out these new bank REOs in Santa Clara County, CA (prices are negotiable with the banks--100% financing possible!):

159XX QUAIL HILL RD, LOS GATOS, Lot 43124 sq ft, House 2362 sq ft, 3 Bed, 2.5 Ba
13XX ELKWOOD DR, MILPITAS, Lot 3049 sq ft, House 1867 sq ft, 4 Bed, 2.5 Ba
2XX DEL MONTE LN, MORGAN HILL, Lot 2614 sq ft, House 1720 sq ft, 3 Bed, 2.5 Ba
19XX MOUNT VERNON CT, MOUNTAIN VIEW, Lot 2178 sq ft, House 1169 sq ft, 2 Bed, 2 Ba
2XX VISTA ROMA WAY, SAN JOSE, Lot 3049 sq ft, House 1674 sq ft, 3 Bed, 2.5 Ba
2XX WESTRIDGE DR, SANTA CLARA, Lot 6098 sq ft, House 1234 sq ft, 3 Bed, 2 Ba
124XX SARATOGA AVE, SARATOGA, Lot 14375 sq ft, House 1880 sq ft, 3 Bed, 2.5 Ba
5XX E ARBOR AVE, SUNNYVALE, Lot 4792 sq ft, House 1009 sq ft, 3 Bed, 1 Ba

To find out more about these properties (and others–there are many more!), please contact Bishop Lending/All State Homes.