Fremont Real Estate Blog

Here's the best options to buy in Fremont today, * under $900k, * min 3/2 with * min 1600sqft BTW, best still involves lots of compromises, simple because we don't have a lot of great options to choose from. Homes Built After 1970 : Click Here to View Listings < http://maxebrdi.fnismls.com/publink/default.aspx?GUID=7dddd353-cfa5-47a2-b2 6a-c389bbfe5b81&Report=Yes > Homes Built Before 1970: Click Here to View Listings < http://maxebrdi.fnismls.com/publink/default.aspx?GUID=ef880fe8-8723-4df0-a0 b4-0ad24d2f3626&Report=Yes > -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

It's a good indicator that the recovery is taking shape. From DS News < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=b1d4b6c7e1&e=ebe71b748c > Freddie Mac's Delinquencies Decline for Fourth Straight Month The percentage of home loans going unpaid is steadily declining for the nation's second largest mortgage company. Freddie Mac reported Tuesday that its single-family seriously delinquent rate decreased to 3.63 percent in March. That's down 15 basis points from 3.78 percent in February, and the fourth consecutive month that the rate has headed south. With only a few intermittent blips upward over the last year, Freddie has recorded a drop in its seriously delinquent rate in nine of the past 12 months. < http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5& id=ee77b228f4&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inac

From DS News: < http://dsnews.us1.list-manage2.com/track/click?u=59816bad6939d5a7dd87e45a5& id=53584d70b4&e=ebe71b748c > Industry Data Points to Record-High Level of Short Sales An industry study released Monday shows that nearly half of home sales activity last month involved distressed properties, a trend that is likely to continue as the backlog of foreclosures and mortgage defaults make their way through the pipeline. Within this distressed property segment, the market analysis shows a boom in short sales during the month of March to a record-high 19.6 percent, and a drop in the proportion of damaged REO, which the report says should be a positive for home values in future months. < http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5& id=807ffa10b1&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 < ht

In case you come across a home need some energy efficient upgrades and need to finance the repairs consider an Energy Efficient FHA mortgage This was passed to me by a mortgage rep. The Energy Efficient Mortgage (EEM) allows FHA borrowers the opportunity to finance costly and valuable energy conservation improvements with their home loan. * Add up to 5% of the appraised value to the loan for home energy efficiency improvements and upgrades * No additional income-qualifying (does not affect qualifying ratios, down payment or appraisal) * 100% financed (loan to value does not apply) * Never holds up closing (all work done after close) * Great opportunity for client: any increase in monthly mortgage payment more than offset by corresponding decrease in utility bills (as much as 30% -50%) * Increase potential resale value of home * Program recommended and supported by U.S. Department of Energy and Energy Star * VA Financing has a similar program available, but the maximum amount financ

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Open House April 16-17 from 1-4pm

< http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=a5ea8a0243&e=ebe71b748c > Fannie Mae Announces 3.5% Buyer Assistance on REO Properties Fannie Mae announced Monday that borrowers purchasing a Fannie Mae-owned property through HomePath, the GSE's REO disposition operation, will receive up to 3.5 percent in closing cost assistance. The company has implemented this temporary buyer assistance program fairly regularly since the beginning of last year -- a strategy aimed at helping the GSE unload a bloated supply of repossessed homes. Fannie Mae acquired 262,078 single-family REO properties through foreclosure in 2010, compared with 145,617 in 2009. < http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5& id=1129a13fec&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 < http://www.

More govt. interference will just delay the markets necessary flushing. Prices will adjust to where people can afford things naturally. Artificial stimuli, subsided loans, tax credits create artificial demand, and when this is removed from the market, it creates a void which results in another decrease in prices. Tell the government to stop interfering. Stop subsidizing and drugging the housing market. < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=71aff7cb0c&e=ebe71b748c > California Expands Eligibility for $2 Billion Foreclosure Relief Programs The California Housing Finance Agency (CalHFA) expanded eligibility criteria for several of the Keep Your Home California programs to make them available to a larger number of families at risk of losing their homes, including those with home equity loans and recently originated mortgages. Keep Your Home California is a $2 billion federally funded initiative. Implemented statewide in early Februa

http://www.shortsalescalifornia.org/ -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

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