Silicon Valley Mortgage Update 06-26-2011

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Silicon Valley Mortgage Update 06-26-2011 We’ve all seen the headlines; across the country home values are down. Fortunately, we’re not interested in homes in Las Vegas and Detroit. They have little impact or bearing on our situation here in Silicon Valley, except one: the average buyer’s psychology and “feeling” about the market. Let’s face it; if everything you read, saw, and heard told you that the market was down, wouldn’t you begin to believe it? It’s a good thing that Real Estate here is not paying attention Read More...

New Mortgage Protection Program announced by the California Association of REALTORS

Today, the California Association of REALTORS (CAR) launched a new program designed to provide peace of mind to first-time buyers who are concerned about a potential job loss. This new program (CAR - Housing Affordability Fund Mortgage Protection Program) states that first-time home buyers, who lose their jobs due to layoffs, may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a reduced monthly Read More...