East Bay Realty Pro Blog

Effective February first, FHA will insure properties that have been purchased and resold with 90 days. The prohibition was instituted in 2003 in an attempt to discourage lender fraud related to inflated mortgages accompanied by dishonest appraisals. It has had the unintended consequence of preventing FHA purchasers from buying legitimately marketed homes that have been [...]

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Acacia melanoxylon, also known as Australian or Tasmanian Blackwood, is a common tree in the East Bay. Arborists consider it a noxious weed because of its invasive nature. Formerly used to line streets in cities and towns, its use has diminished because it can damage pavement and underground pipes, such as sewer lines.
The Blackwood Acacia’s [...]

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Freddie Mac (The Federal Home Mortgage Association) and Fannie Mae (The Federal National Mortgage Association) have functioned since 1968 as GSEs (government sponsored enterprises). Until seized by the Federal government in September 2008, the two companies were privately owned and operated by shareholders but were financially backstopped by the Feds.
House Financial Services Committee Chairman Barney [...]

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Not that many years ago, buyers with less than 20 per cent down, including those with zero cash, had numerous options for getting home loans. The mortgage meltdown has changed all that.
Today, for these low down payment loans, the only game in town is a Federal Housing Administration (FHA) loan, with a minimum 3.5 per [...]

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Compact Fluorescent Lamps (CFLs) use about 75% less energy than incandescent bulbs, which make them an economical and environmentally friendly choice.
There are a few things to remember about them:

As they contain a small amount of mercury, be careful to dispose of them properly in special recycling centers.
Compact fluorescent light bulbs are intended to be left [...]

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My wife and I love our granite counters, so I was interested to read that this stone may be losing some of its popularity. Various alternatives, such as “CaesarStone,” “Silestone” and other, engineered-quartz products, as well as soapstone, a non-porous natural stone, are on the upswing.
Additional options include concrete and glass, as well as more [...]

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This is the tale of a young couple who was highly qualified to buy, yet was unreasonably turned down for their purchase by one of the banking giants. They have allowed me to tell their story in the hopes of informing other would-be buyers of the ridiculous hurdles some lenders are placing on today’s home [...]

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According to a California Association of Realtors report on a state press release today, Governor Schwarzenegger is proposing:
“to set aside $200 million for a new round of $10,000 state tax credits for first-time home buyers. The proposal expands upon the initial $10,000 state tax credit by including both new and existing homes. Last year’s tax [...]

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