What’s Fannie Mae’s “First Look” Policy?

Screen Shot 2012-02-22 at 12.13.11 PM

Fannie Mae’s First Look Policy Many of today’s buyers looking for a “deal” tend to lean towards bank owned properties….and the king of bank owned homes in Big Bear Lake is Fannie Mae.  Fannie Mae‘s website, www.homepath.com, offers up-to-date information on what’s available, what’s currently in escrow and what’s coming on the market. Fannie Mae‘s […]

Read the full article →

Bear Valley Electric asks for Rate Hike

This article was written by reporter Judi Bowers of The Big Bear Grizzly. Bear Valley Electric Service has applied for a rate increase. If approved, customers could see as much as an extra $7.56 on their monthly bills. The application was filed with the California Public Utilities Commission Feb. 16. While the timeline calls for […]

Read the full article →

What’s Fannie Mae’s “First Look” Policy?

Fannie Mae’s First Look Policy Many of today’s buyers looking for a “deal” tend to lean towards bank owned properties….and the king of bank owned homes in Big Bear Lake is Fannie Mae.  Fannie Mae‘s website, www.homepath.com, offers up-to-date information on what’s available, what’s currently in escrow and what’s coming on the market. Fannie Mae‘s […]

Read the full article →

Foreclosure Trends for Big Bear Lake (92315)

The information below is provided by www.foreclosureradar.com.  I subscribe to their website to learn about important real estate trends in the Big Bear Lake area. 92315 Foreclosure Trends Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and […]

Read the full article →

Going through well construction by Arrissia Owen of The Grizzly

Sugarloaf is getting a new well. Saw this in The Grizzly this morning and wanted to share.  I’ve always found it interesting that the Big Bear Department of Water and Power only provides water….it doesn’t provide power.  All of our power at the present time comes from Bear Valley Electric.  I thought this was informative […]

Read the full article →

"Kitchens Sell a House" by Carla Hill of Realty Times

Read this this morning in “Realty Times”.  It was written by Carla Hill and published on January 24, 2012. Kitchens Sell a House by Carla Hill It’s a tool used by house flippers all across the nation. Stagers know its power. Real estate agents push its importance. What is this not-so-well-kept secret of real estate? […]

Read the full article →

Lakefront Property Sold in Big Bear Lake for 2011

I put together a quick “google map” of all the lakefront properties in Big Bear that sold in 2011. CLICK HERE to view a larger interactive map of all the Lakefront Homes that Sold in 2011. There was 1 bank owned sale last year, 2 short sales, and 13 traditional type lakefront sales in Big Bear […]

Read the full article →

Historical Deed Recordings Chart for the Entire Big Bear Valley

    I like referring to this chart….it’s helpful in determining trends (like which months are stronger than other months of the year), and how the number of sales are holding up compared to previous years.  

Read the full article →

Want to Increase the Value of your Flip?

Read this article and thought it would be good to share with anyone interested in cleaning up their home before putting it on the market.  Credit for this article goes to Phoebe Chongchua of Realty Times. Kitchen Makeover Without Spending a Fortune by Phoebe Chongchua If you’re selling your home then you should know that […]

Read the full article →

WSJ Article on the “Accidental Landlord”

I’m running across this scenario more and more with sellers who are having a hard time selling their property….they become “accidental landlords”.  Thought it was worth sharing. Do you Really Want to be a Landlord by Amy Hoak:  Wall Street Journal 12/12/2011 Jeannette Boccini thought she had found a great renter, someone who would take […]

Read the full article →

Statistics on 2011

Below are statistics for the Big Bear area in 2011.  These numbers were compiled from the Big Bear Association of Realtors.  A couple interesting things stand out. I was surprised at how many 2 bedrooms sold this past year. I’ve known this, but I thought I would point out that 312 out of 861 residential […]

Read the full article →

Statistics on 2011

January 2, 2012

Below are statistics for the Big Bear area in 2011.  These numbers were compiled from the Big Bear Association of Realtors.  A couple interesting things stand out. I was surprised at how many 2 bedrooms sold this past year. I’ve known this, but I thought I would point out that 312 out of 861 residential […]

Read the full article →

2/3rds of US Quake Risk is in California, but Only 10% of Homes Have Quake Insurance

December 30, 2011

Was doing some early weekend reading when I came across this article from www.bernews.com.  10% of homes in California have earthquake insurance?  That’s scary! California To Approve More Cat Bonds December 19, 2011 · Leave a Comment California is set to approve more catastrophe bonds for earthquake coverage following the success of its inaugural venture with a […]

Read the full article →

A Home-Insurance Trap

December 7, 2011

I read this article in the Wall Street Journal a couple days ago…..as the year comes to an end, it might be smart to go over your policies and discuss what’s important with your insurance agent.  As the article states, yes it’s good to comparison-shop but price isn’t the only factor in obtaining homeowners insurance. […]

Read the full article →

Big Bear Oktoberfest 2011

September 26, 2011

The 41st Annual Big Bear Oktoberfest is currently being celebrated at the Big Bear Convention Center every weekend from now until Saturday October 29th.  The Bavarian-style celebration will feature America’s highest elevation biergarten, authentic German food, music and dance groups.  Be sure to partake in the chicken dance, lederhosen, bratwurst, and polka.  An outside Budenstrasse […]

Read the full article →

Deficiency Judgements- Senate Bill 458

September 12, 2011

Plain and simple:  Senate bill 458 prohibits deficiencies on California Short Sales. On July 15, 2011 California Governor Jerry Brown signed SB 458 into law.  This extends the protections of SB 931 to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as full payment for […]

Read the full article →

$5,000 Grants for First-Time Military Buyers

August 24, 2011

Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and the Department of Homeland Security are eligible to apply for up to $5,000 in down payment and closing costs in the purchase of a first home.  The national nonprofit Pentagon Federal Credit Union Foundation is offering the […]

Read the full article →

When Can I Buy Again?

August 13, 2011

The time frame when a client can buy a home after a foreclosure, deed-in-lieu, short sale or bankruptcy varies by the agency purchasing or insuring the loan as well as the dollar amount of the loan.  Below is a breakdown to help you know when you might be able to purchase again. Federal Housing Administration […]

Read the full article →

Random Reading

August 5, 2011

Time to Buy that Vacation Home? (Wall Street Journal) Big Bear Lake Patrol Keeps a Watchful Eye (Big Bear Grizzly) Gov. signs SB 458 into law (California Association of Realtors) Homeownership Tax Benefits Must Be Preserved, Say Realtors (National Association of Realtors) How the Debt Plan Would Work (New York Times) Jumbo Loan Limits will […]

Read the full article →

Property of the Week- 619 Cedar Glen, Big Bear City CA 92314

July 13, 2011
Read the full article →

How’s the Real Estate Market in Big Bear? -July 2011

July 11, 2011

37% of all sales in 2011 have been cash sales in the Big Bear area (145 out of 397). Total Residential Homes Currently on the Market: 868 Total Residential Sales YTD in 2011: 397 Homes Sold under $300,000 YTD in 2011: 313 (79% of all sales) Bank Owned Homes Currently For Sale: 77 Bank Owned […]

Read the full article →