Silicon Valley Real Estate Info

I’ve had a few clients ask me what I thought was going to happen with Jumbo Mortgage Rates in the near future.  I found this video by Dan Green of the themortgagereports.com that explains it much better than I could.  Hint…they are going up!

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An interesting topic came up this morning in our office meeting – The inclusion of personal property in a purchase contract is having a negative effect on property valuation and loan funding.  It appears that some Lenders are asking that personal property should not be written into the purchase contract.
In the past, an appraiser would note in [...]

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There has recently been a lot written about the relatively new appraisal regulation called the Home Valuation Code of Conduct (HVCC).   The gist of the HVCC is to ensure that the loan broker/Realtor doesn’t unduly influence the valuation of a property by pressing the appraiser for an artificially inflated value.  It does so by preventing those who are most likely to benefit [...]

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About 2 months ago, I started to receive letters about refinancing my adjustable loan.  Apparently, I live in Refi-Hell and every lender in the country is attempting to get my business.  In total, I received over 40 solicitations.  Some lenders were straight forward, others weren’t.  Some were just pathetic.  Note, I’m not trying to bash lenders, just some of the bad [...]

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