Real Estate Tips and Information by Karen List

Buying and Selling Homes in Santa Clara and Alameda County

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Entries from November 17th, 2009

The Loan Guidelines Keep Changing!

November 17th, 2009 · No Comments · buying a home, FHA loan, first time buyer, homebuyer, real estate

I just sold a nice 2 bedroom and 2 bathroom condo in Newark in a nice community.  This was another very smooth transaction. One item I did learn in this transaction that seems to be a new guideline as of October, is that if one borrower is going to owner occupy the home and there is […]

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$8000 Tax Credit For First Time Homebuyers Extended and Income Limits are Higher!

November 6th, 2009 · No Comments · buying a home, first time buyer, homebuyer, real estate, tax credit

President Obama signed the federal tax credit into law.   It is expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline.  The legislation is […]

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An Interesting Foreclosure Story with a Happy Ending

November 5th, 2009 · No Comments · buying a home, first time buyer, foreclosure, homebuyer, real estate

This home was another fairly smooth transaction with a very sweet couple buying their first home. Although, there are a couple of interesting things about this transaction. This home was a foreclosure. The buyers competed for this home in a multiple offer situation and got it. During inspections, we did come to find out that the previous […]

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