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Showing posts from September, 2013

Eminent Domain Being Misapplied

Key thing is that, the Judge only said that until it happens you have no case, so the legality of Richmond’s application of Eminent Domain hasn’t been tested yet. I expect it to fail.     From DS News Judge Clears Way for Eminent Domain Seizures A federal judge in San Francisco has dismissed a lawsuit brought by BlackRock Inc and other asset management companies that sought to block the city of Richmond, California, from seizing underwater homes under eminent domain laws. The city council of Richmond had voted by a narrow margin to work with lawyers from Mortgage Resolution Partners LLC (MRP) to seize more than 600 properties under eminent domain in an effort to prevent foreclosure and blight. » Read More   - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax    To access most updated listings on MLS from your phone, Do

8 Staging Tips Using Feng Shui

from by CAR 8 Staging Tips Using Feng Shui The ancient Chinese art of feng shui (pronounced “fung shway”) is over 3,000 years old, and has been known to help many REALTORS® sell homes when applied to their listings. This method of arranging inner and outer environments so they consistently support the possibility of all the good things in life encourages health, wealth, great relationships, career, and wisdom – just to name a few. Karen Rauch Carter, author of the bestselling book Move Your Stuff, Change Your Life , works with many REALTORS® who swear by her techniques. Here are a few easy fixes to help prepare your listings for sale the feng shui way. 1. Create a happy front door. According to feng shui principles, the easier it is for people to bring opportunities to your front door, the more you’ll have.  Make the walk from the car to the front door a delightful experience. That means no thorny plants nearby, no sidewalk trippers, and no cobwebs to walk through.  Next, add detail

C.A.R.'s Virtual Advocate Newsletter: SB 30 Debt Forgiveness Income Tax is on hold.

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  ► SACRAMENTO WEEKLY UPDATE: LEGISLATURE ADJOURNS The Legislature adjourned for the year on Thursday, September 12, 2013. Any measures that did not pass their first house prior to the adjournment are dead and cannot move forward this year other measures are "two year" bills. Measures that did pass have been sent to the Governor who has until October 13, 2013 to sign or veto. Here is a brief update on bills of interest to C.A.R.: SB 30 (Calderon) Debt Forgiveness Income Tax is a "two year" bill and can pass as late as April 14th of next year to protect taxpayers on 2013 tax returns which must be filed by April 15, 2014. AB 976 (Atkins) Coastal Resources and Enforcement failed on the Assembly Floor when it came back for concurrence of amendments. AB 243 (Dickinson) and SB 33 (Wolk) Infrastructure Financing District were both moved to the Assembly Inactive File and will not move forward this year. SB 731 (Steinberg) California Environmental Quality Act and Sustainabl

Richmond to Use Eminent Domain to Lay Claim to Homes Underwater

Eminent domain is the right of a government or its agent to expropriate private property for public use, with payment of compensation. It is justified when used for the common good. This doesn’t seem to pass the litmus test, as being for the common good but more for those just those affected by circumstances of the housing market crash.   I just don’t see the courts allowing Richmond to proceed with this action. A poor city will be wasting resources on a bad idea.   From DS News California Town Proceeds with Eminent Domain Plan to Seize Mortgages Despite widespread opposition from the finance industry and the Federal Housing Finance Agency (FHFA), Richmond California, plans to move forward with a plan to use the government's eminent domain privilege to seize homes with underwater mortgages on behalf of homeowners. The city will work with a private company to purchase 620 delinquent underwater mortgages from banks at a discount. If the banks refuse to sell, the city will use its ri

Housing Statistics for August 2013 for Fremont, CA

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Compared to July Sales in Fremont, August had fewer homes for sale, more sold, and selling at a faster pace in August vs. July. On a monthly comparative basis, in August average and median selling prices dropped but compared to last year, average and median home prices are higher.     If we look at sales segmented by selling price, we’re seeing more higher priced homes selling in this year. People are trading up in Fremont.   For September should see less activity, now that school is started.     - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" .    Love Us on Yelp!      Like Us on Facebook    

New Listing in Central Fremont: 3161 Estero Ter., Fremont, CA 94538

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§   Open House Saturday 9:30am to 2pm and Sunday from 1-4pm §   Built in 2011   by   Pulte §   1,712 spacious living sqft on an 2,566 sqft lot §   3   Spacious Bedrooms + 1 Den §   2.5 Full bathrooms §   2 car garage §   Located in a premium   corner lot offering a driveway and only one side neighbor. §   This home is in like new condition, is bright, modern and comfortable, with a spacious living room §   Beautiful   kitchen, with breakfast bar. You’ll find plenty of cabinets, and workspace on its granite counter tops and enjoy using it's high end stainless steel appliances. §   Interior has been tastefully painted §   Flooring: beautiful modern wood flooring, upgraded porcelain tile and carpeting. §   Trail to walk to Lake Elizabeth adjacent to unit. §   Easy access   to highway 680 and 880 and new Warm Springs Bart Station. §   Additional upgrades: shutter blinds, porch entry doors, recessed lights, wired for installation of ceiling fans. Front View Kitchen (Island with breakfas

Community Message: Scam Alert - Several Fremont residents report being victim of IRS telephone scam. Help us share this information.

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My Uncle got a call from these scammer and it freaked them out. Let your friends and relatives know. Union City Police Department, CA Community: Scam Alert - Several Fremont residents report being victim of IRS telephone scam. Help us share this information. Hi Sunil Sethi, INFORMATION FROM FREMONT PD: Please be aware this could happen within our community. Over the weekend and into the early part of this week, several Fremont residents have contacted us regarding a new telephone scam. Based on the profile of the victims, it appears that suspects may be targeting our South Asian Indian community. We ask that you please read this crime alert bulletin and share it with your friends and neighbors. In all of our recently reported cases, suspects contact the victims via a telephone number that begins with a 202 area code. They suspects identify themselves as being with the IRS. The suspects tell the victim that they owe approximately $9,000 to the IRS and if they don't pay the money, th

Understanding a 1031 Exchange

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  - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" .    Love Us on Yelp!      Like Us on Facebook