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Wednesday, 30 January 2008
Current Real Estate News
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Monday, 21 April 2008
Cell Phone Law – Effective July 1st 2008
Cell Phone Law – Effective July 1st 2008
QUESTIONS?
Wireless Telephone Laws FAQs Two new laws dealing with the use of wireless telephones while driving go into effect July 1, 2008. Below is a list of Frequently Asked Questions concerning these new laws:
Q: When do the new wireless telephone laws take effect?
A: The new laws take effect July 1, 2008
Q: What is the difference between the two laws?
A: The first prohibits all drivers from using a handheld wireless telephone while operating a motor vehicle. (Vehicle Code (VC§23123). Motorists 18 and ove... Read more
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Saturday, 26 July 2008
Congress Passes Housing Rescue Bill
It appears Congress has passed a housing rescue bill today hopefully saving 400,000 struggling homeowners from foreclosure. Although President Bush had originally threatened to veto such a bill, it appears he is expected to sign this measure quickly.
The legislation was passed by the Senate vote of 72-13.
Homeowners, who are unable to afford their current monthly payments will be able to refinance with more affordable government-backed loans, rather than lose them to foreclosure. Fannie Mae and Freddie Mac will be provided a temporary financial lifeboat by this bill, and i... Read more
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Wednesday, 30 July 2008
President Signs Important Housing Bill
President Bush signed the housing bill this morning, ending any minor speculation that he in fact would!
It is hoped the action will provide mortgage relief for 400,000 homeowners struggling to retain ownership of their homes. It is also hoped that it will assist in stabilizing financial markets.
As reported by California Association of Realtors and other publications, this bill permanently increases the conforming loan limit to $625,500. In February, the Economic Stimulus Act of 2008 was signed, temporarily raising the conforming loan limit in high-cost areas to $729,750 fro... Read more
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Sunday, 7 September 2008
Federal Government Seizes Control of Fannie Mae and Freddie Mac
On late Friday, the news media became abuzz with reports, the shoe had finally began to drop with regard to Fannie Mae and Freddie Mac. Articles revealing the government had conjured a plan to put the two troubled mortgage Goliaths under federal control, dismiss their top executives, while shoring the institutions up financially.
The plan would prompt one of the more sweeping government interventions of financial markets in U.S. history, placing the firms under conservatorship, and empowering the government to restructure and breath new life into the companies.
Stock would b... Read more
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Sunday, 5 October 2008
Brookfield Residential Property Services Acquires GMAC Home Services
AN ANNOUNCEMENT-
GreatWest GMAC Real Estate is pleased to announce the acquisition of GMAC Home Services by Brookfield Residential Property Services (BRPS), a wholly owned subsidiary of Brookfield Asset Management Inc., a global asset manager located in Toronto, Canada focused on property, power, and infrastructure assets with approximately $95 billion in assets under management. The Brookfield company does the same type of business that GreatWest GMAC Real Estate performs.
The sale of GHS and its affiliated companies and employees supports ResCap’s core business mode... Read more
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Sunday, 21 December 2008
Why It's So Hard to Modify a Mortgage
MSNBC has an article on their website today which is very informative. It answers many of the questions about "Why It’s So Difficult to Modify a Mortgage"
The article delves into (1) Unscrambling the egg (2) Who’s in charge (3) Tranche warfare (4) Two mortgages (5) Taking a haircut (6) No rules (7) Legal tangles (8) Doing the math (9) Loans that will never work.
I found this piece to be one of the easier explanations to understand for lay people attempting to grapple with this difficult topic.
Click on the link below to reach the article in it’s en... Read more
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Tuesday, 23 December 2008
A Holiday Message from GreatWest GMAC
Not long ago, a Great West GMAC Real Estate professional lamented that as a child, she would often daydream about living in a home similar to the doll house she had. The doll house became among the most cherished of her memories.
As we grow older and hopefully mature to a certain degree, we realize that what we wish for as a child isn’t always possible. However, something about the little Victorian doll house, decked out in holiday grandeur, had never drifted far from her dreams for the future.
Little did she know years later she would become a Great West GMAC Real Estate Pr... Read more
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Tuesday, 20 January 2009
Saundra Battaglia is New Manager of GreatWest GMAC Yuba Office
GreatWest GMAC Real Estate is announcing the association of Saundra Battaglia, as the Manager of their office in Yuba City.
Saundra Battaglia has significant real estate experience, beginning in 1985. In the past she has owned and operated Red Carpet franchises in Yuba City and Colusa. And, was associated with Stromer Realty. She has a background in farm/land sales, residential sales, office management, recruiting and training.
In addition, GreatWest GMAC has recently welcomed a number of experienced and new real estate professionals to their offices in Sacramento, Rosevi... Read more
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Tuesday, 27 January 2009
CSI Insurance Brokers Partners With GreatWest GMAC
CSI Insurance Brokers sought out partnership with Brodie Stephens and GreatWest GMAC, due to their outstanding professionalism and ethics. Working one on one with Brodie and the GreatWest Real Estate Agents over this past year has been the highlight of our endorsement with CAR. It is very obvious, as I have participated in sales meetings - that there is an elevated expectation with regard to customer service. The atmosphere at GreatWest is one of a family. The GreatWest leadership team Sami Siddiqui and Brodie Stephens, display a very definite interest in the experience a client will have... Read more
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