Mailbag: Loans for People with a Previous Bankruptcy, Short Sale, or Foreclosure

Scenario / Question:

“Hello ARC Capital”,

I am trying to find ways to help some of my clients…

Some of my clients are probably ready to buy at this time. Others have had a foreclosure, short sale and /or bankruptcy in the past 1,2,3 years.

I do not know if there is a possibility for them. Could you please help me and my clients get some information and possibilities and/or hope?

Thank you for your attention.”

(Submitted by a real estate agent)

Answer:

Sonoma County Home Values for May 2014

Market Stats - May 2014

Median Home Prices for May 2014 (Single Family Homes)

According to the Bay Area Real Estate Information Services, the median home prices for single family homes in Sonoma County increased to $484,500 for the month of May.

That’s a 14.9% increase in prices from May of 2013!  You can see the breakdown by city below.

Sonoma County Home Values for April 2014

Sonoma County Home Values - April 2014

Median Home Prices for April 2014 (Single Family Homes)

According to the Bay Area Real Estate Information Services, the median home prices for single family homes in Sonoma County decreased to $439,475 for the month of April.

That’s a 15.7% increase in prices from April of 2013!  You can see the breakdown by city below.

Sonoma County Home Values for March 2014

Private Money Loans in Sonoma County

Median Home Prices for March 2014 (Single Family Homes)

According to the Bay Area Real Estate Information Services, the median home prices for single family homes in Sonoma County climbed to $480,000 for the month of March.

That’s a 21.5% increase from March of 2013!  You can see the breakdown by city below.

How Lenders Calculate Your Rental Income

Private money loans in Santa Rosa, CA | Sonoma County | Hard Money

There’s no doubt about it. Cash flow is a good thing.

This article will explain how a mortgage lender or bank may view your rental income when you are applying for a new mortgage loan.

To keep things simple, I am using an example of a rental property with a monthly gross rental income of $1,000.

(Rental income before any expenses.)

5 Home Improvement Projects That Won’t Add Resale Value (Video)

Here’s an interesting video I came across from the California Association of Realtors. What do you think about these home improvement projects? We’d love to hear from you in the comments section at the bottom of this page.   Featured Articles You Might Like: Why Nobody Wants Private Money Loans 5 Smart Questions You Should