Monthly Archives: September 2009

CAR HAF Announces the Mortgage Protection Program

Posted on September 30, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The California Association of Realtors has announced the creation of a Mortgage Protection Plan for first time home buyers. This program was developed to give first time buyers some incentive to buy homes in an uncertain economy. Although buyers don’t seem as if they need any further incentive to buy right now, with bidding wars and multiple offers the usual situation in the Santa Maria and Lompoc markets, when this program was conceived buyers were very hesitant to enter the housing market. Continue reading →

Posted in Central Coast Real Estate, Santa Maria / Orcutt | Tagged , , , , , , | 1 Comment

Short Sale Seller Tip – Purchase Price Still Matters

Posted on September 15, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

In a short sale, the seller asks the bank to allow a sale even though they owe more on the mortgage than the property is worth. Accordingly, the seller is not permitted to take any proceeds from a short sale. In a “normal” sale, sellers have a vested interest in getting the highest price for their home. A higher offer means a bigger net for the seller. Continue reading →

Posted in Santa Maria / Orcutt, Seller Info, Short Sale Info | Tagged , , , , , | 1 Comment