The Barringer Team's Blog by The Barringer Team

Our Own

The Barringer Team — Fri, 14 Nov 2008 14:09:00 GMT

The Nightline program from ABC National News interviewed Our own Team Leader Bill Barringer because he is the REO/ Foreclosure Specialist for the entire Area. Not a better time to buy.

Click on link below:

Town Drowning in Foreclosures

http://abcnews.go.com/Video/playerIndex?id=6234419

The Barringer Team

Foreclosure Freeze?

The Barringer Team — Mon, 10 Nov 2008 11:42:00 GMT

Foreclosure

Schwarzenegger Calls For 90-Day Foreclosure Freeze

California Governor Arnold Schwarzenegger unveiled an aggressive proposal yesterday that he says will bring down foreclosure rates in the state by helping both borrowers and lenders modify existing home loans in ways that benefit both parties, and at the heart of his plan is a state-wide 90-day halt on foreclosure proceedings. Earlier today, Schwarzenegger called a special session of the state legislature to immediately address his foreclosure relief plan, as well as other economy and budget issues.

“The single most powerful action our state can take to shore up its economy is to help Californians stay in their homes - and I am presenting a plan to do just that,” ..(read more)

Local Market Trends

The Barringer Team — Tue, 04 Nov 2008 09:41:00 GMT

Local Market Trends

The following information is from the local MLS database, as of November 3, 2008 and is compared to (October 1, 2008). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Summary:

The current market has slowed down some. All of the bad press is really scaring everyone. The stock market appears to be getting more stable and we are starting to see more buyers and investors starting to come out from the shadows.

With all the election hype, people are waiting to see what, and if, the lenders are going ..(read more)

A Path to Prison

The Barringer Team — Mon, 06 Oct 2008 05:11:00 GMT

I personally have talked with people thinking of doing this and have given them the same advice. People think this is a BIG GAME they do not realize they are committing Fraud a prison offense here is a recent article on Inman News.

DEAR BENNY: I know someone who has qualified to obtain a second house by stating that he will rent his first house; however, he has no intentions of actually renting it. Upon obtaining the new house, he plans to walk away from the first house, letting it go into foreclosure. He will already own his new house before his credit is hurt by the foreclosure, and he plans to live in the new house until the foreclosure is removed from his credit report in seven years, so he sees it as the perfect plan. Is that legal, especially since he qualified for the new loan with false information? Is there anything I should warn him about? --Kevin

DEAR KEVIN: What a clever approach. Your friend will be the head of his class when he ..(read more)

Local Market Stats

The Barringer Team — Thu, 02 Oct 2008 14:36:00 GMT

Local Market Stats

The following information is from the local MLS database, as of October 1, 2008 and is compared to (September 2, 2008). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

(read more)

Goverment Takeover

The Barringer Team — Mon, 08 Sep 2008 09:46:00 GMT

Good Morning,

Fannie and Freddie have(read more)

Local Market Stats

The Barringer Team — Wed, 03 Sep 2008 09:33:00 GMT

Local Market Stats

The following information is from the local MLS database, as of September 2, 2008 and is compared to (August 1, 2008). If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

(read more)

New Tax Law Investors can Take advantage of.

The Barringer Team — Sat, 30 Aug 2008 09:09:00 GMT

Some Rental Home investors may have a Temporary Window to take advantage of a Rare Tax Law just put in place by the I.R.S.

http://realtytimes.com/rtpages/20080829_investorreport.htm

Government Affairs Update

The Barringer Team — Mon, 25 Aug 2008 11:17:00 GMT

Here are NEW Government Incentives for

First-Time Home Buyers:

HOUSING AND ECONOMIC RECOVERY ACT OF 2008

First-time Homebuyer Tax Credit

(read more)

NEW HOUSING BILL JUST PASSED

The Barringer Team — Sun, 10 Aug 2008 05:58:00 GMT

Washington Report: New Housing Bill

by Kenneth R. Harney

The massive, 600-page housing bill heading to the White House is loaded with billions of dollars of new programs, financial assistance for troubled home owners, home buyer tax credits and even a new regulatory structure to oversee Fannie Mae and Freddie Mac.

The Bill is missing things that could prove significant for certain home buyers -- primarily those who want FHA mortgage money.

Tops on the list: The final bill effectively kills the popular "downpayment assistance" programs run by companies such as Nehemiah Corporation and Ameridream, Inc.

The Bush administration had sought to ban seller-funded "gift" plans for more than two years, and finally got its wish last Wednesday when the House accepted Senate bill language making them illegal when used with FHA loan ..(read more)

Tracy Market Stats

The Barringer Team — Thu, 24 Jul 2008 08:39:00 GMT

Local Market Stats

(read more)

Foreclosure GLUT Leads to Intense Competition

The Barringer Team — Mon, 21 Jul 2008 09:29:00 GMT

"Finally hitting the Stockton AreaThis has been the Happening in the Tracy Market for the Last 3 months"

By Bruce Spence

Record Staff Writer

July 21, 2008 6:00 AM

The housing downturn, now permanently embossed with a "foreclosure" icon, is offering many the chance to buy when only a few ..(read more)

Legal Update as of 7/11/08

The Barringer Team — Sat, 12 Jul 2008 10:31:00 GMT

Here is recent changes in the law. We always want keep our clients on the cutting edge. If we can be of service please do not hesitate to e mail or call.

E-mail Tiger@bpbarringer.com

ph# 1-800-894-7282

Local 209-833-7777

FORECLOSURE RELIEF BILL BECOMES LAW
This week, the State Legislature enacted foreclosure reform law to address the adverse effects of high foreclosure rates in California. The new law requires lenders to contact homeowners to explore options for avoiding foreclosure at least 30 days before filing a notice of default. It also requires owners acquiring property through foreclosure to maintain the exterior of vacant residential properties. The new law also extends from 30 to 60 days the time for residential tenants to move out of properties that have been foreclosed upon, ..(read more)

Wow he says it like I would like to say it!

The Barringer Team — Thu, 10 Jul 2008 16:04:00 GMT

Lee Iacocca, the man who rescued Chrysler Corporation from its deaththroes. He's now 82 years old and has new book, and here are some excerpts:

'Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a (read more)

It could be the begining of the end

The Barringer Team — Thu, 10 Jul 2008 05:38:00 GMT

Foreclosures dip of 3.4% this month. Read this article its the first GOOD NEWS we have seen for a while. Also with the amount of buyers we are seeing coming into the market place we are hoping the inventory will be starting to go down. This will be the key in starting to see prices start heading up.

http://www.inman.com/news/2008/07/10/foreclosure-related-filings-dip-34-in-june

The Barringer Team's Blog by The Barringer Team

Our Own

Foreclosure Freeze?

Schwarzenegger Calls For 90-Day Foreclosure Freeze

Local Market Trends

A Path to Prison

Local Market Stats

Goverment Takeover

Local Market Stats

New Tax Law Investors can Take advantage of.

Government Affairs Update

NEW HOUSING BILL JUST PASSED

Tracy Market Stats

Local Market Stats (read more)

Local Market Stats

Foreclosure GLUT Leads to Intense Competition

Legal Update as of 7/11/08

Wow he says it like I would like to say it!

It could be the begining of the end

Local Market Stats

(read more)