New Guidelines for C4HAP

This just in from COR housing 1)         C4HAP applicant receives an eligibility letter 2)         They find a house 3)         The realtor makes an offer with language that the purchase price shall be contingent on the appraised value of the property.  Per the regulations, the purchase price must be 1% below the appraised value.  The County [...]

DAP UPDATE and C4 HAP Program

If your following local housing news you might be hearing allot about the C4-HAP program. The C4-HAP program is designed to assist qualified buyers purchase bank owned properties in specific census tracts. Tracts include Anderson Heights and Ravenwood in Anderson, all of Shasta Lake City and the following census tracts in the City of Redding [...]

Bank Owned often NOT “As-Is”

Just the other day I overheard an agent talking on the phone with a first time buyer client regarding purchasing an REO property. The agent explained to the buyer that in their experience it has been difficult for a first time buyers to get financing to purchase bank owned properties and was steering them away from this option. The agents [...]

A New Perspective on Foreclosure

Many buyers shopping for homes in the REO market initially express mixed emotions on buying a home that has been lost to foreclosure. On one hand, they are very excited about the value that can be found in the market right now. On the other hand they are often troubled by the sadness of a home lost [...]