Tag Archives: shasta county real estate

Selling Your Home In Redding

Selling Your Home In ReddingSelling Your Home In Redding Can Be Less Stressful

If you’re thinking of selling your home in Redding or have tried to sell a home in Redding, whatever your reason may be, current market conditions may prevent you from getting your home sold sooner than later, but there are ways to getting your home sold quicker.

Here are some helpful tips to selling your home in Redding and in the shortest period of time:

  1. Evaluate your situation, what is the reason you need to sell? Can selling your home in Redding wait until the real estate market improves? Are you relocating for a job, unfortunate divorce, downsizing or family size increased?
  2. Be realistic with price, sooooo important here.  Many home sellers believe their home is worth more than current market values.  A good starting point is to look on Zillow.com.  The value is not set in stone but it gives you an idea.
  3. Ask a real estate professional for a COMPLIMENTARY Comparable Market Analysis (CMA). Be sure that the CMA does not include foreclosures or short sales, unless that is all there is available.
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Can Rental Properties Finally Cash Flow in California?


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Can Rental Properties Cash Flow in Redding, California?

With real estate at an all time low there are many rental properties in California that are actually cash flowing.  Surprisingly, since just a few years ago it was almost unheard of.

A real estate investor would be fortunate to get enough rental income to cover all the expenses, which included principle, interest, taxes, insurance, maintenance, repairs and in some areas, Homeowners Association fees or Mello Roos.

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Obama Refinance Plan Makes It Easier To Refinance Underwater Homes


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In an attempt to help more borrowers refinance their underwater home, President Obama has developed a plan to make it easier for homeowners to refinance their equity challenged home.  The plan is to help “responsible” homeowners who’s mortgage loans do not meet HARP guidelines refinance and  obtain lower interest rates.  The proposed Obama Refinance Plan is to save thousands of dollars for homeowners on their mortgage payment which will allow them to be in a more comfortable payment and perhaps spend more to help boost the economy.

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FHA Short Refinance for Underwater Homeowners

FHA Short Refinance may be an option for Underwater Homeowners.  In my previous post on HARP 2.0, certain eligibility requirements were necessary to qualify for a HARP loan.  Particularly speaking, your loan must be owned or guaranteed by Fannie Mae or Freddie Mac.  As promised, I have found another refinance option for Upside-Down Homeowners should you not meet HARP guidelines.

FHA Short Refinance is another program available for homeowners owing more than what their home is worth.  The program is designed to reduce the  principal on negative equity homes.  This program may be a great way to get a reduction in principal and lower monthly mortgage payments.  BUT, and I say that with large emphasis, you must meet certain criteria and your current mortgage lender must participate in the FHA Short Refi program.

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Refinance Your Underwater Home with HARP 2.0

If you are one of the many homeowners unable to obtain traditional refinancing due to property decline, you may be eligible for Making Home Affordable’s Home Affordable Refinancing Program (HARP). HARP is a federal mortgage refinancing program announced through the Obama Administration last year. The program is to allow borrowers who are underwater on their homes or who have little equity to refinance at current low interest rates. There is no cap on LTV (loan-to-value) for current fixed rate mortgages. Meaning, homeowners would be able to refinance through HARP even if you owe twice or three times more than the value of your home.

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