Gevon Polgar - Real Estate

www.ci.mountainhouse.ca.us September 22, 2011 MUSIC IN THE PARK THIS SATURDAY Bring your blanket and picnic basket to Central Park this Saturday and enjoy the music of Foreverland, a Tribute to Michael Jackson. A variety of food vendors will be on hand if you wish to purchase food at the park. Music in the park events are free! Dogs are welcome at this time, provided they are kept on a leash at all times. This rule is strictly enforced in order to maintain an enjoyable and safe event. What: Music in the Park When: Saturday, September 24, 2011 Where: Central Community Park Time: 5pm - 8pm See you there!

After getting the good news on a Friday night that their offer topped all the others on a foreclosure in Vacaville they wanted as their retirement home, Jack and Donna Pfister spent the weekend packing. But the following Tuesday they were told the bank had decided to go with an all-cash buyer, whose offer was $25,000 less than the $475,000 offer from the Pfisters. "My husband was heartbroken," said Donna Pfister, of Rodeo. "I was heartbroken because he was heartbroken. ... Right now, we both feel kind of let down." The Pfisters are far from alone. In the Bay Area, about one-fifth of all homes sold in July were purchased by absentee buyers, mostly investors looking for rentals or properties to fix up and then sell, according to DataQuick, a real-estate reporting service. About six out of 10 absentee buyer transactions (which can also involve second-home purchase) were all-cash purchases. In July 2010, absentee buyers accounted for 17.4 percent of home sa

www.ci.mountainhouse.ca.us August 25, 2011 El Paseo at Central Park this Saturday, August 27, 2011 El Paseo is the mid-summer event that brings the Mountain House community together for a great evening of music and wine. The Main Street Music All Star Jazz will be performing with special guest, Zakiya Hooker, daughter of the late great blues legend, John Lee Hooker. Food and wine vendors will be available, as well as an interactive musical instrument museum for children. Dogs are welcome at this time, provided they are kept on a leash at all times. This rule is strictly enforced in order to maintain an enjoyable and safe event. What: El Paseo When: Saturday, August 27, 2011 Where: Central Community Park Time: 5pm - 8pm See you there! .

California pending home sales rose in June Pending home sales in California rose in June, according to C.A.R.’s Pending Home Sales Index (PHSI)*. The index was 119.0 in June, an increase of 1.9 percent from May’s revised index of 116.8, based on contracts signed in June. The index also was up 4.4 percent from June 2010. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market. “Pending home sales have improved in the last couple of months and the next few months should bring continued gains,” said C.A.R. President Beth L. Peerce. “So much depends on the direction of the economy going forward. As for the makeup of the market, distressed sales continue to be a significant part of the market with the split between short sales and REO sales varying greatly across the state.” The total share of all distressed property types sold statewide was unchanged in June from May’s revised 47 perc

LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units. Any purported waiver of this rule shall be void and against public policy. Although a lender cannot require a borrower to pay any additional compensation in exchange for a short sale approval, the new law does not prohibit a borrower from voluntarily offering a monetary contribution to a lender in hopes of obtaining a short sale. A lende

www.ci.mountainhouse.ca.us July 14, 2011 FAMILY MOVIE NIGHT IN CENTRAL PARK The Youth Action Advisory Committee (YAC) is hosting a Family Movie Night at Central Park on Friday, July 15, 2011. This event is free. The YAC plans to sell popcorn, candy and soda. The schedule is as follows: 6:45 Concession stand opens 7:00 Live entertainment by one or two local violin teachers. Movie Themed Music. 7:20 Double Feature night! 30-40 minute video of local events/people. 8:00 Feature presentation - "Jack and the Beanstalk" (Rated G) Bring family & chairs or blankets and plan on a great evening under the moon! If you have any questions or would like more information, please contact Director Tingle at btingle@sjgov.org or Director Farron at cfarron@sjgov.org .

SACRAMENTO – California housing production rose sharply in May and posted the highest monthly permit total for the year on the strength of the multifamily sector, the California Building Industry Association announced today. According to statistics compiled by the Construction Industry Research Board (CIRB), permits were pulled for 4,630 total housing units in May, up 42 percent from the same month a year ago and up 28 percent from April. Permits for single-family homes totaled 1,908, down 7 percent from May 2010 and down 6 percent from the previous month, while multifamily permits totaled 2,722, up 124 percent from a year ago and up 71 percent from April. For the first five months of the year, permits were pulled for 18,120 total units, up 6 percent when compared to the first five months of 2010 when 17,050 permits were issued. Permits for single-family homes were down 17 percent while permits for multifamily units were up 45 percent. Mike Winn, CBIA’s President and CEO, said th

Mortgage rates leveled off this week at or near their lows for the year after declining for eight consecutive weeks, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey . Low rates appear to have sparked interest in both refinancing and home purchases, according to a separate survey of loan applications conducted by the Mortgage Bankers Association. Freddie Mac's survey showed rates on 30-year fixed-rate mortgages, which last week hit a low for the year of 4.49 percent, averaging 4.5 percent with an average 0.7 point for the week ending June 16. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 of 4.17 percent during the week ending Nov. 11, 2010, before rebounding to their 2011 high of 5.05 percent in February. Rates on 15-year fixed-rate mortgages averaged 3.67 percent with an average 0.7 point -- a new 2011 low, but essentially unchanged from 3.68 percent last week. Rates on 15-year mortgage

As home prices fall and rents rise, some investors are plunking their money into real estate, chasing the cash flow that comes along with becoming a landlord. “For the first time in a long time, you can buy that home and can get a cash-on-cash return immediately,” said William King, director of valuation services for Veros Real Estate Solutions, a supplier of housing data to the country’s largest banks, as well as government organizations. “There are a lot of places in the country where an investor can buy a single-family home, rent it, and get a positive cash flow.” In fact, investors bought 20% of all the homes sold in April, according to the National Association of Realtors. Some of them are buying with cash. But even if they do finance part of the purchase, they’re able to turn around a profit much quicker than they would have been able to in the past, King said. And the return on rentals can be much better than returns on other investments these days, he added.

Today’s buyer-take-all bonanza is a boon for fence-sitters and buyers with great credit and deep pockets. But sellers are steeling themselves to new realities that include paying (rather than making) money at the closing table, providing extras to sweeten the deal, and spending more time and cash making the home camera-ready. For first-time sellers who have never been through the process before, it’s a different world. One where the value of the house isn’t measured in the profit made on the sale, but by the enjoyment the owners had from living in the home. Here are three things experienced sellers would tell you, if they could. Price it realistically from the start “Your largest number of showings will occur in the first two to three weeks,” says Mark Ramsey, a broker in Charlotte, N.C. One reason: “The (multiple listing service) systems and the Internet tend to drive the majority of showings,” he says. Many buyers are plugged in electronically. So the minute something new pops

Construction spending rises in April Construction spending during April rose 0.4 percent to a seasonally adjusted annual rate of $765 billion compared with March’s estimate of $762.1 billion, but was 9.3 percent below the April 2010 estimate of $843.1 billion, according to the U.S. Census Bureau of the Dept. of Commerce. Residential construction was at a seasonally adjusted annual rate of $232.1 billion in April, 3.1 percent above the revised March estimate of $225.1 billion.

GSEs complete more than 1.6 million foreclosure-prevention actions Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, have completed more than 1.6 million foreclosure-prevention actions since the beginning of conservatorship in the fourth quarter of 2008, with more than half of the actions resulting in loan modifications, according to the Federal Housing Finance Agency’s First Quarter 2011 Foreclosure Prevention & Refinance Report. According to the report, loan modifications declined for the third consecutive quarter, but resulted in larger payment reductions for more homeowners. Additional findings of the report include the following: Total completed foreclosure-prevention actions declined in the first quarter to 171,531 from 208,416 in the previous quarter, primarily driven by decreases in loan modifications and repayment plans. The GSEs’ completed loan modifications decreased to 86,201 from 119,778 during the first quarter. The cumulative total o

When it comes to private mortgage insurance (MI), there are several myths that exist that make buyers reluctant to consider a conventional loan with MI as an option when purchasing a home. One of the more common misconceptions is that cancelling MI is a difficult—not to mention time-consuming—process. The irony is that the majority of buyers don’t harbor those same beliefs or reservations about an FHA insured loan when, in reality, FHA coverage may be less easily cancelled, or take longer to cancel, than MI. HPA Makes Cancellation Clearer When it went into effect as a new federal law, the Homeowners Protection Act (HPA) of 1998—which applies to both FHA and MI insured loans—required lenders and servicers to provide disclosures regarding MI for residential loans obtained on or after July 29, 1999. Prior to this, consumers were responsible for requesting MI cancellation if they met two factors: one, their loan balance was paid down to 80 percent of the property; and two, they had a g

MUSIC IN THE PARK THIS SATURDAY 5/24/2011 This Saturday, May 28, is the first Music in the Park community event in 2011 . Bring your lawn chairs, blankets, and picnic baskets to Central Community Park and plan on a pleasant evening filled with music and fun. Pizza and Indian cuisine will be available for purchase at the park. Evolution , a Journey Tribute Band, will be performing onstage and there will be plenty of room to sway to the beat! The event is scheduled for 5pm - 8pm. Central Community Park is located at 25 E. Central Parkway, Mountain House, CA 95391. Enjoy the music!

Homes are now more affordable than ever! Let's go home shopping! Housing affordability hit a new record high in the first quarter, surpassing the previous high set in fourth-quarter 2010, according to an index released by the National Association of Home Builders and Wells Fargo today. The Housing Opportunity Index found that 74.6 percent of new and existing homes sold in the first quarter were affordable to families earning the national median income of $64,400. That's up from 73.9 percent in the fourth quarter of 2010, and it's the highest level recorded in the more than 20 years the index has been measured. "With interest rates remaining at historically low levels, today's report indicates that homeownership is within reach of more households than it has been for more than two decades," said Bob Nielsen, chairman of the NAHB, in a statement. "While this is good news for consumers, homebuyers and builders continue to confront extremely t

Mortgage rates fell for the fifth week in a row as economic uncertainty continues to make bonds that fund most mortgage loans attractive to investors. Rates on 30-year fixed-rate mortgages hit a new low for the year, averaging 4.61 percent with an average 0.7 point for the week ending May 19, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey . That's down from 4.68 percent last week and 4.84 percent a year ago. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 of 4.17 percent during the week ending Nov. 11, 2010, before climbing to a 2011 high of 5.05 percent in February. Rates on 15-year fixed-rate mortgages averaged 3.8 percent with an average 0.7 point, down from 3.82 percent last week and 4.24 percent a year ago. Rates on 15-year mortgages hit an all-time low in records dating back to 1991 of 3.57 percent in November. For 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans,

Foreclosure activity slows in April Foreclosure activity slowed in April, and foreclosure filings decreased in Arizona, California, Nevada, and Washington, according to ForeclosureRadar’s latest report. Foreclosure filings in California fell to lows not seen since fall of 2008. Notice of Default filings declined 25.8 percent, and Notice of Trustee Sale filings decreased 10.9 percent compared with March. On a year-over-year basis, foreclosure filings were down as well, with Notice of Default filings down 28 percent and Notice of Trustee Sale filings falling 31.2 percent from April 2010. Foreclosure sale cancellations rose 27 percent compared with March, and activity on the courthouse steps slowed. The average time to foreclose continued to climb, increasing 3.3 percent to 312 days.

Interested in this Home? To Make an Offer CALL: 408-203-3596 100% Federal Financing Available Gevon Polgar | Open Access | (408) 203-3596 539 W Viento St, Mountain House, CA Eligible for 100% USDA Financing ! 5BR/3+1BA Single Family House offered at $335,000 Year Built 2006 Sq Footage 3,072 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 5,227 sqft HOA/Maint $0 per month DESCRIPTION Beautiful home in Move-In condition. Desirable floorplan with formal separate living and dining areas. Large family room and kitchen. Agent is CDPE Certified and Short Sale Specialist. Hurry and get your offers in! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Walk-in closet - Tile floor - Family room - Living room - Office/Den - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Microwave - Granite countert

Let's go look at some NEW Homes For Sale in Mountain House !! THE ADVANTAGES OF BUYING A NEW HOME In this economic atmosphere, the prospects of getting a good deal may lure your clients toward buying a short sale or REO. But while up-front costs may seem lower on an REO or short-sale, buyers often end up paying in other ways. Here are five advantages of buying a new home to think about: 1. NO REPAIRS. With a short sale or REO, the previous owner may have stopped maintaining their property. That means your client could end up with expensive repair bills. But new home purchases often include builder warranties for workmanship, materials, and structural problems to help protect your client against large out-of-pocket repair expenses. 2. NO SURPRISES. With a new home, what you see is what you get. With an REO or short sale, what you might not see is what you get. New home purchases often come with many disclosures from the seller, though in reality, very lit

RISMEDIA, May 10, 2011—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. Officials caution that the latest housing figures underscore fragility in the housing market and highlight the importance of the Administration’s foreclosure-prevention programs, which continue to help tens of thousands of struggling homeowners each month and play a critical role in setting standards for the mortgage industry. “The housing data in this month’s Scorecard offer continued mixed signals and some signs of weakness in the market—despite growing evidence of progress in the broader economy,” says HUD Assistant Secretary Raphael Bostic. “The Administration has been consistently committed to helping American homeowners and borrowers who have been hit hard by the economic recession and housing crisis, and our efforts have

www.ci.mountainhouse.ca.us April 21, 2011 Annual Community-Wide Garage Sale and Spring Clean Up When: Saturday and Sunday, May 7 and 8 What: Community Wide-Garage Sale Time: 8am - 3pm More Information: http://wiki.mhvillages.com This is a great opportunity to clean out those closets and get ready for some serious spring cleaning! It is also a great event for bargain hunters and collectors alike. This event is tied to the Spring Clean Up event on Monday, May 9. So anything that you don't want to drag back into the garage, leave it on the curb (according to instructions) and it will be gone by Monday evening. You can find more information by clicking on the link below. Good luck! For more information, click here.