Lori Uhl McClelland's Blog » 2010 » February http://lorimcclelland.com Realty World Providence Properties ~ Providing You Simple...Savvy...Service Since 2004 Sat, 19 May 2012 14:34:53 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Think Big Work Small’s Line by Line Response to The FDIC’s Accusations http://lorimcclelland.com/2010/02/28/think-big-work-small%e2%80%99s-line-by-line-response-to-the-fdic%e2%80%99s-accusations/ http://lorimcclelland.com/2010/02/28/think-big-work-small%e2%80%99s-line-by-line-response-to-the-fdic%e2%80%99s-accusations/#comments Mon, 01 Mar 2010 00:16:23 +0000 Lori McClelland http://lmcclelland.blogs.rwnetwork.com/2010/02/28/think-big-work-small%e2%80%99s-line-by-line-response-to-the-fdic%e2%80%99s-accusations/ http://thenichereport.com/blog/?p=314

]]> http://lorimcclelland.com/2010/02/28/think-big-work-small%e2%80%99s-line-by-line-response-to-the-fdic%e2%80%99s-accusations/feed/ 0 Hollister, San Benito County Real Estate Market Update for February 27th, 2010 http://lorimcclelland.com/2010/02/27/hollister-san-benito-county-real-estate-market-update-for-february-27th-2010/ http://lorimcclelland.com/2010/02/27/hollister-san-benito-county-real-estate-market-update-for-february-27th-2010/#comments Sat, 27 Feb 2010 14:36:40 +0000 Lori McClelland http://lmcclelland.blogs.rwnetwork.com/?p=391
Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives:

San Benito County-139 of which REO/Bank Owned-28 or 20%

Hollister-76 of which REO/Bank Owned-17 or 22%

Pendings:

San Benito County-222 of which REO/Bank Owned-47 or 21%

Hollister-186 of which REO/Bank Owned-37 or 20%

Absorption Rate:

San Benito County-.63 months supply of inventory or 19 days

Hollister-.41 months supply of inventory or 12 days

____________________________________________________________

Solds for the week: 19

High: $725,000 Equity Sale-New Conv. 1st

Low:  $214,000 Equity Sale-FHA Loan

Full-Price or Over-Asking: 9 or 47%

____________________________________________________________

Sale Type

REO/Bank Owned: 10 or 53%

Short Sale: 2 or 11%

Equity Sale: 7 or 37%

____________________________________________________________

Financing Type

New Conv. 1st: 8 or 42%

FHA Loan: 7 or 37%

All CASH: 2 or 11%

VA Loan: 2 or 11%

Wow! A big week for closings…..Wondering if now we’re over the hump of lenders having to use the new GFE-Good Faith Estimate. We have not seen this many Equity Sales close in one week in I can’t remember and the high closing was in the $700,000 range and the low was in the $200,000 range. For weeks we’ve had closings under $200,000.

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]]> http://lorimcclelland.com/2010/02/27/hollister-san-benito-county-real-estate-market-update-for-february-27th-2010/feed/ 0 Today is the Homebuyers Day at the 2010 City/County Housing Expo http://lorimcclelland.com/2010/02/26/today-is-the-homebuyers-day-at-the-2010-citycounty-housing-expo/ http://lorimcclelland.com/2010/02/26/today-is-the-homebuyers-day-at-the-2010-citycounty-housing-expo/#comments Fri, 26 Feb 2010 14:43:04 +0000 Lori McClelland http://lmcclelland.blogs.rwnetwork.com/?p=388

]]> http://lorimcclelland.com/2010/02/26/today-is-the-homebuyers-day-at-the-2010-citycounty-housing-expo/feed/ 0 Fraud Alert ~ Craiglist Rental Scams! http://lorimcclelland.com/2010/02/23/fraud-alert-craiglist-rental-scams/ http://lorimcclelland.com/2010/02/23/fraud-alert-craiglist-rental-scams/#comments Tue, 23 Feb 2010 20:14:06 +0000 Lori McClelland http://lmcclelland.blogs.rwnetwork.com/?p=386 http://www.ehow.com/how_5077979_avoid-homes-rent-scams-craigslist.html

One of our office listings was recently targeted as a rental scam on Craigslist.  Apparently this is a well known and nationwide problem. Scammers harvest information off the MLS and post the identical information …photo’s and everything on Craigslist then add in some sob story about how they had to leave the country for missionary work or such and can only communicate by e-mail. They ask for money to be sent by wire and then will send the keys…that’s it in a nutshell. The above link has some tips on how to avoid Craigslist Scammers.

]]> http://lorimcclelland.com/2010/02/23/fraud-alert-craiglist-rental-scams/feed/ 0 2010 City/County Housing Expo ~ February 25th 9-5pm downtown at the Vets Building http://lorimcclelland.com/2010/02/20/2010-citycounty-housing-expo-february-25th-9-5pm-downtown-at-the-vets-building/ http://lorimcclelland.com/2010/02/20/2010-citycounty-housing-expo-february-25th-9-5pm-downtown-at-the-vets-building/#comments Sat, 20 Feb 2010 22:47:54 +0000 Lori McClelland /?p=383

2010 City/County Housing Expo February 25th 9-5pm at the Vets Memorial Building downtown.

 If you can’t make or just plain don’t feel comfortable with a public forum setting…shoot us an e-mail.  We’ll be happy to drop a CD in the mail to you….contains Homeowner Reports, Pre-Listing Packet for a Short Sale and a few other little treasures!

]]> http://lorimcclelland.com/2010/02/20/2010-citycounty-housing-expo-february-25th-9-5pm-downtown-at-the-vets-building/feed/ 0 Hollister, San Benito County Real Estate Market Update for February 20th, 2010 http://lorimcclelland.com/2010/02/20/hollister-san-benito-county-real-estate-market-update-for-february-20th-2010/ http://lorimcclelland.com/2010/02/20/hollister-san-benito-county-real-estate-market-update-for-february-20th-2010/#comments Sat, 20 Feb 2010 14:10:31 +0000 Lori McClelland /?p=380 Single Family Residential

____________________________________________________________

 Actives:

San Benito County-144 of which REO/Bank Owned-28 or 19%

Hollister-76 of which REO/Bank Owned-19 or 25%

Pendings:

San Benito County-222 of which REO/Bank Owned-47 or 21%

Hollister-190 of which REO/Bank Owned-36 or 19%

Absorption Rate:

San Benito County-.65 month’s supply of inventory or 20days

Hollister-.40 month’s supply of inventory or 12days

____________________________________________________________

 Solds for the weeks: 8

High-$700,000 Short Sale, New Conv.1st

Low- $175,000 REO/Bank Owned, New Conv.1st

Full-Price or Over-Asking-7 or 88%

____________________________________________________________

Sale Type:

REO/Bank Owned-6 or 75%

Short Sale-2 or 25%

Equity Sale-none

____________________________________________________________

 Financing Type:

New Conventional 1st-5 or 63%

FHA Loan-1 or 13%

USDA Loan-1 or 13%

All Cash-1 or 13%

]]> http://lorimcclelland.com/2010/02/20/hollister-san-benito-county-real-estate-market-update-for-february-20th-2010/feed/ 0 Over The Fence ~ March 2010 your Fidelity Home Warranty Newsletter http://lorimcclelland.com/2010/02/20/over-the-fence-march-2010-your-fidelity-home-warranty-newsletter/ http://lorimcclelland.com/2010/02/20/over-the-fence-march-2010-your-fidelity-home-warranty-newsletter/#comments Sat, 20 Feb 2010 13:04:07 +0000 Lori McClelland /?p=377 Over The Fence ~ March 2010

]]> http://lorimcclelland.com/2010/02/20/over-the-fence-march-2010-your-fidelity-home-warranty-newsletter/feed/ 0 ~ About Providence Properties ~ http://lorimcclelland.com/2010/02/19/about-providence-properties/ http://lorimcclelland.com/2010/02/19/about-providence-properties/#comments Fri, 19 Feb 2010 20:43:31 +0000 Lori McClelland /?p=372 About Providence Properties

A little bit about us!

]]> http://lorimcclelland.com/2010/02/19/about-providence-properties/feed/ 0 More info on Indymac/One West Bank’s Sweetheart Shared Loss Agreement with the government http://lorimcclelland.com/2010/02/16/more-info-on-indymacone-west-banks-sweetheart-shared-loss-agreement-with-the-government/ http://lorimcclelland.com/2010/02/16/more-info-on-indymacone-west-banks-sweetheart-shared-loss-agreement-with-the-government/#comments Tue, 16 Feb 2010 14:16:20 +0000 Lori McClelland /?p=370 http://www.thinkbigworksmall.com/mypage/player/tbws/23622/1079262

]]> http://lorimcclelland.com/2010/02/16/more-info-on-indymacone-west-banks-sweetheart-shared-loss-agreement-with-the-government/feed/ 0 Hollister, San Benito County Real Estate Market Update for February 13th, 2010 http://lorimcclelland.com/2010/02/13/hollister-san-benito-county-real-estate-market-update-for-february-13th-2010/ http://lorimcclelland.com/2010/02/13/hollister-san-benito-county-real-estate-market-update-for-february-13th-2010/#comments Sat, 13 Feb 2010 15:10:34 +0000 Lori McClelland /?p=368 Single Family Residential

_________________________________________________________________________________

Actives:

San Benito County-149 of which REO/Bank Owned-29 or 19%

Hollister-83 of which REO/Bank Owned-20 or 24%

Pending’s:

San Benito County-211 of which REO/Bank Owned-47 or 22%

Hollister-180 of which REO/Bank Owned-36 or 20%

Absorption Rate:

San Benito County-.71 month’s supply of inventory or 21 days

Hollister-.46 month’s supply of inventory or 14 days

____________________________________________________________________________________________

Sold’s for the week: 9

High-$441,000 REO/Bank Owned (Sold at auction), FHA Loan

Low-$175,000 Short Sale, USDA Loan

Full-Price or Over-Asking Price-7 or 78%

____________________________________________________________________________________________

Sale Type:

REO/Bank Owned-5 or 56%

Short Sale-3 or 33%

Equity Sale-1 or 11%

____________________________________________________________________________________________

Financing Type:

FHA Loan-3 or 33%

New Conv. 1st-4 or 4%

VA Loan-1 or 11%

USDA Loan-1 or 11%

]]> http://lorimcclelland.com/2010/02/13/hollister-san-benito-county-real-estate-market-update-for-february-13th-2010/feed/ 0