Welcome to the "Z" Team! » 2009 » October

FALL in”The FOOTHILLS”

Bud Zeller — Sat, 24 Oct 2009 17:04:40 +0000

Historic Placerville’s gold country now offers a multitude of colors. Trees, shrubs and native brush come alive with fall’s vivid palette. Highway 50 from Shingle Springs through Placerville to Camino is an excellent tour base, offering numerous side loops and historic sites.

“Apple Hill” orchards, farms, ranches and their restaurants welcome visitors with bakeries and fall harvest treats. Trips can vary from short jaunts to day-long tours from Placerville to the Camino areas north of Highway 50. Gold Bug Mine and the many shops on the Main Street of Placerville offer other attractions. It’s also worthwhile to just drive through the scenic side roads going one way, then back another.

Maps and other tourist information are available on web sites or contact us for any questions or assistance. We’ve served the “Mother Lode Country” for over 45 years with all types of real estate services.

Feds “NEW FINANCE PROGRAM” for home loans.

Bud Zeller — Tue, 20 Oct 2009 03:15:26 +0000

Feds Treasury Department announced today, government will buy securities issued by Fannie Mae and Freddie Mac backed by new loan revenue bonds. These would be issued by state and local housing finance agencies. The initiative includes a second component in which Fannie and Freddie will assist state and local agencies to refinance existing bonds to lower their cost.

California Housing Finance Agencies acting executive director, Steve Spears, said the initiative will “help revive CalHFA lending programs and give California first-time home buyers a chance to take advantage of the highest affordability levels that have been seen in almost two decades.”

So is this an indication the current $8,000. credit for first-time home buyers is not going to be extended? Why is the “Housing and Economic Recovery Act” passed last year seemingly only going to first-time buyers?

“REALTY WORLD” Receives 2009 Best of Business Award!

Bud Zeller — Tue, 13 Oct 2009 22:52:31 +0000

SAN FRANSICO, August 31, 2009, Realty World has been selected for the 2009 Best of Business Award in the Real Estate category by the Small Business Commerce Association (SBCA)

The Small Business Commerce Association (SBCA) is pleased to announce that Realty World has been selected for the 2009 Best of Business Award in the Real Estate category.

The SBCA 2009 Award Program recognizes the top 5% of small businesses throughout the country. Using consumer feedback, the SBCA identifies companies that we believe have demonstrated what makes small businesses a vital part of the American economy. The selection committee chooses the award winners from nominees based off information taken from monthly surveys administered by the SBCA, a review of consumer rankings, and other consumer reports. Award winners are a valuable asset to their community and exemplify what makes small businesses great.

Small Business Commerce Association (SBCA) is a San Francisco based organization. The SBCA is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. In addition to our main goal of providing a central repository of small business operational advice; we use consumer feedback to identify companies that exemplify what makes small business a vital part of the American economy.

SOURCE: Small Business Commerce Association

JOBS and FORECLOSURES!

Bud Zeller — Mon, 05 Oct 2009 01:29:59 +0000

How do job losses correlate to economic recovery?

The “next round” of foreclosures, now beginning?

Are delinquent loans being helped by congressional actions?

JOB losses are the primary causes for foreclosures. A huge number of adjustable-rate loans of “prime” (not subprime) borrowers is now beginning to “reset to higher loan payments”. Many of these are job holders of “White Collar Workers” facing or already unemployed. Therefore, future monthly record delinquency rates are likely, until the right answers are discovered by Congress.

Government “Fix” programs are not making a dent in resolving the real problems. “Loan modifications”, one of the pipe dreams, is one of the classic examples. Home owners who want to pursue affordable payments and conditions believed available seek this choice. Months later, they are waiting for approval but find out the lender foreclosed.

Other options considered also typically encounter chaos, frustration endless delays or no responses! Foreclosures add thousands of dollars to the lenders losses. Typically, when they get the home back, it may be worth half the original loan amount. Plus, the borrower often remains in the home for over a year, not making payments. (Good for them!)

Obviously, jobs must be retained and created! Additionally, let’s face reality. Unemployment nationwide for many months has not been under 10%. True unemployment is at least 20% when including the “self employed and independent contractors” who are not entitled to unemployment benefits!