home buyer tax credit closing deadline extended!
Posted: 07/01/2010
The National Association of Realtors® today commended Congress for timely passage of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance Program. Both bills, strongly supported by NAR, had cleared the House earlier and were passed by the Senate last night. They now head to the president for his signature.
Action taken at CAR meetings
Posted: 06/17/2010
The following is a summary of the significant action items approved by the CALIFORNIA ASSOCIATION OF REALTORS® Board of Directors at its Spring 2010 meeting. Some additional information items are included, but do not necessarily represent Association policy. A complete set of minutes is available for review upon request.
GSE's to deploy HVCC complaint process
Posted: 06/02/2010
Fannie Mae and Freddie Mac (GSEs) recently announced they will deploy a complaint process to address suspected violations of the Home Valuation Code of Conduct (HVCC), including a mechanism for providing pertinent information to state and federal regularly and enforcement departments.
Senate Bill Protects Borrowers From Lenders
Posted: 05/18/2010
Call Your State Senator Today - C.A.R. is sponsoring SB 1178 (Corbett) to extend anti-deficiency protection to homeowners who had refinanced from ?purchase money? loans and are now facing foreclosure. C.A.R. is sponsoring SB 1178 because most homeowners don?t know that when they refinanced from their original loan they lost their legal protections and now may be personally liable for the difference between the value of the foreclosed property and the amount owed to the lender.
C.A.R. Offers Mortgage Protection for your Clients
Posted: 04/08/2010
Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit.
Home Buyer Tax Credits
Posted: 04/02/2010
Governor Schwarzenegger last week signed AB 183, providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. C.A.R. supported this important legislation since its inception.
HUD WAVES 90-DAY FLIPPING RULE OF FHA LOANS
Posted: 01/20/2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
DisplayKEY is retiring!
Posted: 01/14/2010
The GE MLS is retiring the Supra DisplayKEY We are holding an exchange event for you: Monday and Tuesday, January 25th and 26th
Member Announcement - Monty Byrom Movie Release
Posted: 11/18/2009
The world premiere of Big House "Never Ending Train" the movie followed by an acoustic set performed by Big House
Unlicensed Assistants
Posted: 07/31/2009
Real estate brokers? whether involved in real estate sales or mortgage loan brokerage?have become increasingly dependent upon the assistance of unlicensed personnel.
Bakersfield Californian Real Estate Story
Posted: 05/27/2009
Real estate agents predict surge in sales for summer
FREEDOM IS NOT FREE. . .
Posted: 05/25/2009
let us never forget the tremendous price that has been paid; and yes, we indeed to have a solemn obligation to persevere and continue the good fight to protect the very freedoms we enjoy today because of their sacrifice.
Swine Flu Information
Posted: 04/30/2009
As of April 23, 2009, five California residents (three children and two adults) have been diagnosed with swine influenza A (H1N1) virus infection. Three are residents of San Diego County and two are residents of Imperial County. View full story and informational brochure.
Hope for Homeowners CURRENT on Mortgages.
Posted: 03/19/2009
Eligible borrowers who are current on their mortgages but have been unable to take advantage of today's lower interest rates because their homes have decreased in value, may now have the opportunity to refinance into a 30 or 15 year, fixed rate loan. Through the Home Affordable Refinance program, Fannie Mae and Freddie Mac will allow the refinancing of mortgage loans that they own or that they placed in mortgage backed securities.
Attention First Time Home Buyers in 2008 and 2009:
Posted: 02/26/2009
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
Mortgage Loan Modification
Posted: 02/05/2009
Since the economic downturn, which began a few years ago, more and more people are looking to loan modification as a possible alternative to foreclosure. People involved in loan modification often face certain legal and practical issues, as well as a variety of loan modification scams.
REALTORS®. . . .Leading by Example
Posted: 02/03/2009
For decades, REALTORS® have played an active role as advocates, making their voices heard with regard to important issues such as private property rights. It is a special pleasure to be able to recognize REALTOR® members who have gone above and beyond the call of duty and are leading by their example in service to our Community.
Local REALTORS® Help Eliminate Hunger
Posted: 01/27/2009
REALTORS® have partnered once again with the Golden Empire Gleaners for the 2008 Christmas CanTree. This annual event has helped eliminate hunger in Kern County for over 20 years and provided over 1.5 million pounds of food.
Association CEO Receives Special RCE Designation
Posted: 01/09/2009
Linda Vernon, Executive Officer of the Bakersfield Association of REALTORS® is being honored by the National Association of REALTORS® with the REALTOR® Association Certified Executive (RCE) designation, which recognizes exceptional skills and efforts made by the REALTOR® Association Executives.
