Tag Archives: mortgage

If This Stimulus Package Goes Through…

…expect a big pickup in Bay Area real estate activity.

from SFgate:
Besides its core purpose of providing tax refunds, the tentative package - which still has several hurdles to clear - essentially rewrites the definition of “jumbo” loan, raising the cap from its current $417,000 to as high as $729,750 in high-cost areas for one year.
The […]

Reactions to Today’s Bank of America/Countrywide Acquisition News

Big waves continue to ripple across the mortgage & real estate industries, as people begin to digest the news that Bank of America agreed to buy Countrywide for $4.1 Billion in Stock.
I know what you’re thinking… $4 MORE billion after basically throwing $2billion down the drain a few short months ago. Don’t worry, they […]

Beware of Foreclosure Rescue Scams

As the number of Bay Area foreclosures quickly rise, the number of scam artists out there trying to prey on distressed homeowners in trouble is rising as well. Teresa Boardman of the St. Paul Real Estate Blog shared this video with us the other day and thought that I’d share it […]

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