It was bound to happen sooner or later.The market went too crazy for too long and some lenders took advantage and did some things that they should not have.The local news here in Redding Reports that a former local lender is behind bars and others may indeed be investigated in this latest rash of crimes.
In the Real Estate and Mortgage business reputation is Everything! Redding might only be 90k+ but word does indeed travel fast....especially of the bad or negative nature.
I am sure there will be others in the news in the near future that fell for the easy money...
It's a shame as it give the entire industry a black eye...there is such a thing as "Guilty by association".It is a fact that many will rush to judgment and will not thoroughly investigate before forming options.
Sooner or later it seems that Justice does indeed take place...or Karma or what ever you want to call it...what comes around...certainly does go around...sooner or later.
To keeping a good name and doing the right thing!
Best,
Richard
It worked for cars...so what the heck....if you have been thinking of getting rid of that old junker refer or freezer and want to save some $$ in the process on the utility bill check this out now.
The program varies by state but the premise is this....let's get those old appliances out of people's homes and get some new appliances into homes to save energy! I think I will be keeping my GE stock after all!!
If it works anything like the "Cash for Clunker" program that they Gov had for cars it will be great....
And if this is the case get ready to get your rebates in "QUICKLY"...as the money will run out soon on this program also!
To more efficient appliances! To GE stock going up again!!
Regards
Richard Goates
530-248-5627
The active available inventory has been hovering around 1450 now for some time.
We should continue to see more short sales as we progess and probably less REO's in the next year.
Many banks are figuring out that a short sale is the way to go instead of paying all the money in Foreclosure expenses.
There are still around 50 properties in and around the greater Redding area that are under $100k!
There are some Tremendous deals on the upper end estates! One in particular that came out today is approx 5200 sq.ft of custom quality at $995,000....That was a $2. something Million dollar home at the top!
The weather is cooling off and there are still some great buy out there...many even pencil out! Something that you couldn't find 3-5 years ago!
Regards,
Richard Goates
There are some incredible deals in the high end in Redding California right now. One that comes to mind is on the "Westside", has 5700 sq.ft of top quality with VIEWS for only $1.15M. That was a $2M+ home 4 years ago!
They say that timing is everything and we have seen homes that were $1.5M 4 years ago go for $820k like the one in White Hawk on the Westside!
Not all the high end homes are half off but some are and there is another one coming up soon that appears to be close to the Half Off category! This one is up in Stanford Hills and was around $2.5 at the top when it was new....
It should be out soon and the best guess is that it will be around $1.2-$1.3M.
Once the Second and Third went away on this the 1st note holder stands to get most if not all their money back! Something to be said about being 1st!!
If you are looking for a high end home...a luxury home in Redding Ca contact us today.
Here to help.
Regards,
Richard Goates
Broker
Redding CA
530-248-5627
I came across this great website today that helps end world hunger by donating rice.Check it out...They donate rice for every correct answer that you make.Spend a little time getting smarter and help some kids have rice to eat where they might not have had anything that day!
The site Freerice was brought to my attention by Lissa Coffey...Thanks Lisa!
Take a quick couple minutes and test your knowledge on words and help out won't you...
Thanks
Regards
Richard Goates
Lux Real Estate Group
at Keller Williams Redding
530-248-5627
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