April 2010 
There are 1 blog entries for April 2010.
Foreclosures and Short Sales Causing Homeowners Association Issues
Tuesday, April 20th, 2010 at 2:28pm. 1123 Views, 1 Comments.
With all the foreclosures and short sales happening, some Condo developments in Oakland and elsewhere in the East Bay Area are having problems with their Homeowners Associations. The issue arises when there are a large number of residents who stop paying their monthly HOA dues which are used to maintain the building as well as the common areas, and pay for the water and garbage among other things. For every short sale or foreclosure in a development, there is one less person paying the monthly HOA dues which typically range anywhere $150-$700 per month. When the perecentage of delinquent HOA accounts hits a certain percentage (usually over 30%), most lenders will view this as too much risk and they will not lend money on it. This is why you have been…
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
