The Lake temperature at the waters surface is a perfect 77 degrees.                           

Chili Pepper Hot temperatures are not slowing down buyers looking for a good deal and a new place to call home which is why I haven’t been here much lately.

It is good to go to the Feather River and put your feet in the cool water for a while and then go look at more homes for sale which I have done recently and it was really refreshing if only for 10 minutes.

Been working evenings so haven’t made it to The RiverBend Park for Concerts Thursday afternoon/evenings.   If you haven’t been there it’s a fun local event by the water and it’s Free that you should check it out.

There are still some decent fair priced homes in the market.

Buy Buy Now.

FIREWORKS over Lake Oroville show starts Sunday July 4th 9:30pm.  Food and drinks will be sold on the dam.

This event is made possible by Feather Falls Casino’s new Feather Falls Brewing Company, Bidwell Canyon Marina, the City of Oroville, the Oroville Area Chamber of Commerce and the Lake Oroville Marina at Lime Saddle.

We certainly apprecaite their efforts and Thank Them for this show.

I wanted to Thank All of You Who Are Active, Reserve, Retired Duty, Service Men and Women for Your Personal Sacrifices Which Allowed Us to Still Have Our Freedom–and for those many men and women who have given the ultimate sacrifice—May God Bless You.— Long Live Our Flag and what it represents— Freedom.

FRIDAY MAY 7, 2010 @ 5:00 PM
Gold Country Casino & Hotel
4020 Olive Hwy, Oroville CA
Join The Exciting Night—Bike Judging, Drinks, Great Food, Live Music By Honey Circuit.

SATURDAY MAY 8, 2010 @ 12:00 NOON
Feather Fiesta Days at Western Pacific Brewery
2191 High Street Downtown Oroville – Where the Awards Ceremony will take place.
Enjoy A Cold Brew Or Cocktail—Live Music By Heading Due West.

REGISTRATION:    Jimmy “Did It” Evans   (530) 990-0238 or (530) 534-8866

Email:   jimmyevansdidit@hotmail.com

VENDOR / SPONSORSHIP:

Jody Carlson   (530) 534-9892

 Email:   jcarlson@goldcountrycasino.com

http://www.goldcountrycasino.com/images/gcch_promotions/promotion_preview_03/promotions_preview_03.htm

This Post Courtesy of Gold Country Casino——————————————————————-

 

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Just a friendly reminder for you about the soon to end Fereral Tax Credit if you are going to buy your home if you are a 1st time homebuyer (have not owned in the last 3 years).  If you have questions call or email me.

This weeks puzzle.—

 I wrote an offer on a Fanny Mae Forclosure for my client. It is indicated by the Checked Box in the California Association of Realtors Contract I used, that it is  to be an FHA loan with 3.5% down as specified in the the contract (obvious to most) . The contract is specific. Earnest money deposit, offered price, loan amount, balance of the purchase price (not costs of obtaining loans and other costs) in the amount of __$__ to be deposited with the Escrow Holder within sufficient time to close escrow. and then offered price again.— So the seller— Fannie Mae— writes in the counter offer a higher price than my buyer offered which is typical if the seller does not like the offered price. — But then— probably not being too good at math or not knowing how real estate contracts actually are to be written, or may just have had a bad day at the typewriter.—Typed in and filled in the blanks in their own Pre-Printed form— and kept the  buyers loan amount the same yet the price was higher.— So it was substantially more than the 3.5% down loan program the buyer is doing.—Duh— So besides the fact I feel for the listing agent (who’s a nice person, good Realtor and good communicator)  that is working with a seller who appears they had a bad day when trying to counter this offer by typing in the buyers loan amount—which is just bizarre anyway (because it says, and I quote “the purchaser shall apply for a loan in the amount of $$$ (I am not telling). —-I think you get my point anyway—Their generic counter offers also have no place to indicate there will be another counter offer in case the buyer does not agree with the terms.—It seems pretty obvious they do not counter. —Fine—as my client said, let them keep it.— I have never in my real estate career seen any seller tell the buyer what their loan amount is to be.—Purchase price yes—but buyers loan amount???  —So, as Steven Tyler said in a song I like—”Get a Grip”.   —

Buy Buy Now.

FHA MIP (Mortgage Insurance Premium) will be going up  Monday April 5 to 2.25%, up from 1.75%. –up 1/2% (so as an example–for $100k loan– that means $500 will be added to the loan amount) and since private mortgage insurance is pretty much gone–at least there is still the  available option, FHA.  Just in case you didn’t know - the MIP  is not funded by the government, it is funded by the homebuyers who (buy in) with their up-front mortgage insurance premium and their monthly payment of  MIP as well. It does add to the cost of the monthly payment, but if you don’t have the 20% down payment for a conventional loan at least you have that as an option, if you want to buy a home using the 3.5% down FHA loan. It appears that FHA (Federal Housing Administration) is making these changes to make sure that the MIP still keeps lenders comfortable with them knowing the insurance for them is still there if the buyer ends up in default (so it lessens their loss as a lender). Without that security of the insurance for the lenders– probably all loans would be at least 20% down payment or more. So pretty much anyone who wants to buy a home  that they will live in— I still say now is the time to buy your home.  Interest rates are climbing.  FHA has petitioned Congress to raise the minimum down payment from 3.5% to 5%.  So that is probably coming, just not yet.— Happy Easter.  — Buy Buy Now.

If you are getting unsolicited telephone sales calls

The Do Not Call Registry is here for you:

http://www.ftc.gov/donotcall