Mike Jackson's Real Estate Blog http://propertyincali.com Realty World - Estates Wed, 20 Jul 2011 16:43:46 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Quadruplex in Hayward http://propertyincali.com/2011/07/20/quadruplex-in-hayward/ http://propertyincali.com/2011/07/20/quadruplex-in-hayward/#comments Wed, 20 Jul 2011 16:43:46 +0000 Mike Jackson http://mjackson.blogs.rwnetwork.com/2011/07/20/quadruplex-in-hayward/ http://propertyincali.com/2011/07/20/quadruplex-in-hayward/feed/ 0 ***Attention All California Teachers Looking To Purchase A Home*** http://propertyincali.com/2011/03/25/attention-all-california-teachers-looking-to-purchase-a-home/ http://propertyincali.com/2011/03/25/attention-all-california-teachers-looking-to-purchase-a-home/#comments Fri, 25 Mar 2011 16:37:44 +0000 Mike Jackson http://mjackson.blogs.rwnetwork.com/?p=43
CalSTRS

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If you have a California State Teachers Retirement System and only contribute a minimum of $1 and the account is open, you are eligible for a home loan with no Mortgage Insurance and only 3% down for a down payment. In order to qualify you will need to not own a home at all, and a minimum fico score of 660. So if you or someone you know has a CALSTRS ACCOUNT, do them a favor and pass this great information along. This will save you a lot of money in comparison to an FHA loan.

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]]> http://propertyincali.com/2011/03/25/attention-all-california-teachers-looking-to-purchase-a-home/feed/ 0 Short Sale Protection For Your First Mortgage In Effect As Of January 1st, 2011 http://propertyincali.com/2011/03/10/short-sale-protection-for-your-first-mortgage-in-effect-as-of-january-1st-2011/ http://propertyincali.com/2011/03/10/short-sale-protection-for-your-first-mortgage-in-effect-as-of-january-1st-2011/#comments Thu, 10 Mar 2011 19:48:01 +0000 Mike Jackson http://mjackson.blogs.rwnetwork.com/?p=39 Attention all homeowners on the fence about short selling their home. SB 931 was placed into effect to help protect and give homeowners a piece of mind from allowing the first mortgagor to pursue a deficiency judgement after approving the short sale payoff in writing. This law is effective in California and does not matter if the first mortgage loan is a purchase money loan, hard money loan, nor does it matter if it’s your owner occupied or investment property one to four unit dwellings.

This law does not apply to junior liens, 3rd liens, etc, only first mortgage loans. What a relief for both us Realtors and homewoners in the short sale process.

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]]> http://propertyincali.com/2011/03/10/short-sale-protection-for-your-first-mortgage-in-effect-as-of-january-1st-2011/feed/ 1 http://propertyincali.com/2011/01/20/37/ http://propertyincali.com/2011/01/20/37/#comments Fri, 21 Jan 2011 02:14:52 +0000 Mike Jackson http://mjackson.blogs.rwnetwork.com/?p=37 Any current homeowners or agents out there trying to sell their investment property in the Hayward, Castro Valley, San Lorenzo, or San Leandro areas? I have a buyer that’s preapproved up to $350,000 and is looking to close like yesterday. They would like each unit two have at least 2 or more bedrooms. A duplex, triplex, quadruplex, 2 homes on one lot will absolutely work for them. The best time for my client to view some homes are usually the weekend or weekdays after 2:30 pm

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]]> http://propertyincali.com/2011/01/20/37/feed/ 0 Strategies behind Prop 60 and Prop 90 http://propertyincali.com/2011/01/16/strategies-behind-prop-60-and-prop-90/ http://propertyincali.com/2011/01/16/strategies-behind-prop-60-and-prop-90/#comments Sun, 16 Jan 2011 23:38:27 +0000 Mike Jackson http://mjackson.blogs.rwnetwork.com/?p=34 Regarding my previous post on Prop 90 Click Here for the previous post there is a way to buy another home up to 10% above the current value that you sold your home for. For instance if you sell your old home first and then buy another home within the first year you can go up 5% in the purchase price of a new home. If you sell your home and then buy after one year has passed but within less than 2 years you may go up 10%. You as the buyer may also pay the commission outside of escrow to get more of a home also. Now is the chance to transfer your property tax base and move closer to your firends and or loved ones.

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