805 Local

Your lost in space, “with no direction home!” (apologies to Bob Dylan’s “Like a Rollin’ Stone”) I know that it’s been a crazy real estate market out there, but can you remember the last time interest rates were this low AND home prices were also this low?  I can’t either.  So why are you having a [...]

Why is it that some sellers don’t want to accept an FHA offer?  I’ll tell you why.  It’s because they don’t know what they’re doing!  They know as much about an FHA offer as this guy at the right. They’re still stuck in the old FHA thinking where the seller had to pay a lot [...]

We have have received questions about the new Housing and Economic Recovery Act.  To take advantage of the  tax credit, you would need to be a first-time home buyer who purchased from April 9, 2008, to June 1, 2009.  Who qualifies for the tax credit of $7,500?   Are there restrictions?    Who is a first-time buyer? More questions?  

This is my first blog on this wonderful website and my mother would have been very proud of me, as she was one of the first to see the potential for this medium.  She actually owned one of the first Texas Instruments computers. My name is Jay Friedman, but you can call me ”lender dude”.   I have [...]

Last  week on Trulia Voices this question was asked.  We thought you would like to know about the Nehemiah Program.  The gift funds are up to 6% of the sales price and the gift funds never have to be repaid!!  Plus there is no income or area restrictions.  Here was our answer– The Nehemiah Program opens [...]

Recently a client asked me what would happen if the appraisal came in lower than the sales price.    Here are the five options if the appraisal is lower than the sale price: 1. Re-negotiate the purchase price with the seller. . 2. Walk away from the purchase. 3. Appeal the appraisal and/or get another [...]