What's new in the Valleys of the Conejo, Simi and San Fernando
The latest news from our blog!
Bank of America offers up to $30,000 cash to homeowners who short sale!
Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – between $2,500 and $30,000 - at the completion of a qualifying short sale. Considered a “Relocation Incentive,” the amount of the fee paid to the homeowner at close of escrow will be determined on a case-by-case basis using a calculation [...]
New Target Store Approved for Westlake Village
A new Target Store is coming to Westlake Village. The Westlake Village City Council voted 4-0 on May 9 to approve the construction of The Shoppes at Westlake Village on a 21.5 acre site right down the road from our Westlake Village RE/MAX Olson office on Russell Ranch Road. The Shoppes at Westlake Village will [...]
Health Care Tax Initiative Myth
Election years seem to bring about a lot of false rumors and this one is the biggest for 2012. We receive a lot of calls from concerned clients believing that the Health Care Tax Initiative includes a provision for a 3.8% tax on the sale of a home. And why shouldn’t they be concerned – there is [...]
Why Your Condo Should be FHA Approved
Most homeowners of condominiums (townhomes included) are not aware of the importance of having their project FHA Approved. Nor do many care. But let me tell you why you should. The value of your property depends on it. However, few HOA management companies will bother to obtain FHA Approval. And because they won’t, you [...]
Loan Fees To Increase on April 1st!
Last month I warned that loan fees were going up in 2012. Now it’s official. On April 1, Fannie Mae and Freddie Mac will add at least a .1% cost to your loan fees. No April Fools. It’s the real deal. FHA will also increase their private mortgage insurance by .1%. What does that [...]
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