Archive | Housing

CFPB Releases Report Detailing Complaints Against Big Three Credit Bureaus

Complaints One of the big responsibilities of the Consumer Financial Protection Bureau is to hear complaints from consumers. In the 21 months ending September 2021 they heard over 700,000 complaints against Equifax, Experian and TransUnion. This is 50% of all complaints received. Obviously consumers are not satisfied with the trio. In 2021 those companies reported […]

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New Loan Limits For 2022

2022 Conforming Loan Limits The Fannie Mae and Freddie Mac Conforming Loan Limits for California have a new high of $970,800 for one-units in ten counties. The other 48 counties vary from $647,200 to $897,000 for Napa. Two-unit maximum is $1,243,050, three-unit is $1,502,475 and four-unit is $1,867,275. The highest limit for 2021 was $822,375 […]

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There Might Be An ADU in Your Future

In our MLO classes we stress that the recent California SB 133 has made building ADU’s (I call them Granny Units) easier and less expensive. You can use them for extra children, senior relatives, or even investment. Check out the bill, it does change a lot of regulations. Following is an outstanding article by Modal […]

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Real Estate Concept - Miniature Model House on Top of a Glass Table with Calculator, Keys and Blueprint.

Tips From Zillow

Competitive Offers Zillow sure has contact with a lot of prospective buyers. Recently they posted three tips to buyers in a seller’s market. Since we are right now still in a seller’s market we might look at them. Zillow’s estimates today for me are fine so they are today knowledgeable. Submit your offer before the […]

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Homestead Expanded to $600,000 on Jan 1, 2021

Assembly Bill 1885 Assembly Bill 1885 expanded the homestead equity protection limits in California from the previous amounts of $75,000 to $175,000. The new increases should likely prevent more homeowners from losing their homes to bankruptcy. High-cost LA and Orange County, for example, will fall into the equity cap of $600,000 while Riverside County will […]

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