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Summer is Here

by The Barringer Team

Summer is here!

August Fun Facts

August Flower: gladiolus or poppy - meaning beauty, strength of character, love, marriage and family

August Birthstone: peridot or onyx

Here is a short list of special days celebrated in August:
Month Long Observances  

  • American Artist Appreciation Month
  • Foot Health Month
  • National Golf Month
  • National Water Quality Month

Week Long Observances

  • 1st Week - National Clown Week
  • 2nd Week - National Smile Week
  • 3rd Week - American Dance Week

Throughout the year, you usually take care of everybody else, so when summer rolls around .... a surprising desire to "break out" sometimes hits like a bolt from the blue. Of course, you want to be a responsible adult so often you'll just wait until the feeling passes! But what if you listened to your inner child, and really went with it this summer? Many medical experts says that when you diverge from the "same 'ol same 'ol" you stand a better chance of increasing your energy and creativity, to face the world refreshed. Summer fun doesn't have to be expensive, or entail a lot of time or planning. In fact, these top ten tips and ideas are guaranteed to take you from busy grown-up to fun-loving kid in no time at all:

1. Go on a mini-vacation
Hire a babysitter to mind the kids, then spend a romantic weekend getaway with your honey at a country bed and breakfast, a cruise to nowhere, or maybe think about an overnight stay at a local hotel. With room service.

2. Take in a music fest
Wherever you happen to be located, there will probably be an easy way to get to a summer concert scheduled nearby offering a cheap live music venue. It may even include a fireworks show at the end of an evening of cool jazz, classical music, nostalgic doo wop, or even a chance to see big name headliners at a nominal price.

3. Go to a street fair
Urban street fairs are now a sure sign of summer in cities from coast to coast. Check out a local street fair schedule near you, and if you happen to live nearby to a famous one like the 9th Avenue Food Festival in New York, the Union Street Art Festival in San Francisco, or the Summer Solstice parade in Seattle, remember that these are often one-shot events that are easy to miss. So, make sure to jot it down on your calendar and have fun sampling the local fare or catching up with the latest neighborhood gossip.

4. Have a block party
If your street doesn't host one yet, make it happen by talking it up with next-door neighbors. All it takes is portable tables, homemade fixing’s, and community pride. Just make sure to get a permit, then pitch in to hire a DJ or rent a bouncy house to keep the kids amused and the teen's rockin' throughout the day. And who knows? It might even become an annual tradition.

5. Throw a summer theme party
Plan a summer blowout with a summer theme. Consider an indoor or outdoor beach party, Hawaiian luau, or a Christmas in July spectacular.

6. Host a movie night
Fire up the DVD, grab the snacks and popcorn and spend the night in air-conditioned comfort at home with friends and family. Make it a tradition on a Saturday night to feature different themes throughout the summer such as Disney, sci-fi, action-adventure, or a Hollywood night party.

7. Visit an amusement park
Other than taxes, what's a better reason for having dependents than using them as "cover" to visit a favorite amusement park ? While it may appear that you're a great parent treating everybody to a day out, you will be the one actually having most of the fun. Suspend your diet for the day, and recall what it feels like to have cotton candy melt in your mouth.

8. Go fishing
Remember a whole day spent shooting the breeze with dad or grandpa while not actually doing ...anything? Fishing remains a No.1 bona fide reason for getting away from it all for a day or afternoon at the lake or park. And catching a fish is great, but absolutely not a requirement.

9. Hit the backyard grill
Drop what you're doing and plan for a backyard barbecue. Invite the neighbors and spend the day gnoshing on chicken wings, ribs, burgers and hot dogs. For the little ones, don't forget juicy drinks, finger foods, watermelon and a cool summer dessert.

10. Shake it up!
On the weekends, break out of the old routine by trying something NEW. Learn how to golf, go scuba diving, kayaking, or drive to a state or national park for a fun summer photo safari. Go ahead. You know you always wanted to...

 

Get Organized This Summer

Banish all the lake pandemonium (Who took my towel? Where are my flip-flops?) with a designated station featuring boldly numbered hooks and corresponding cloth baskets for each guest or family member. Now if only there were a system for getting them to remember to put on sunscreen.

You will need to make the Stencil Hallway Organizer:

  • Craft knife
  • Painter's tape
  • Small natural sea sponge
  • Latex and fabric paints

Instructions:

  1. To make stencils: On a computer, enlarge numbers in a font you like; print on waterproof paper. Cut out with craft knife.
  2. For wall, center stencils above hooks, and secure with painters' tape. Dip sponge in latex paint, blot excess, and dab on stencil. For baskets, use fabric paint. Proceed as above, but place a box or other hard object behind fabric for a firm work surface.

 

 

Grill Up a Fruity Dessert

July and August are prime time for peaches. Why not have peaches for dessert! Try grilled peaches with sweetened sour cream for an amazing treat this summer!

 

Prep Time: 15 minutes
Total time: 15 minutes
Yield: Serves 4

Ingredients:

  • 1 recipe grilled peaches
  • 1/2 cup sour cream
  • 1 tablespoon light-brown sugar
  • 1 cup crushed amaretti cookies

Directions:

  1. Prepare Grilled Peaches; set aside. In a small bowl, whisk together sour cream and 1 tablespoon light-brown sugar.
  2. Spoon mixture over peaches; sprinkle with crushed amaretti cookies.

 

Enjoy summer with friends and family!

While everyone else is having fun this summer, remember to resist the urge to recall all your grown-up obligations to give the little kid that still lives inside you a break. Your friends, family, and YOU will be very glad you did!

Compiled from Google, 2011

 

 

Bill Barringer
Team Leader
209-833-7777
The Barringer Team, Century 21 M&M and Associates 

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The Impact of a Goverment shutdown on Loans

by The Barringer Team

The Impact of a Government Shutdown on Mortgages

 

In the wake of news stories that the US will face a government shutdown and default on its outstanding loans if a debt ceiling agreement isn't reached, you may be wondering what the impact would be to the mortgage industry and closings.

The last time we went through a government shutdown in 1995, it was a pain, but not a panic. If a shutdown were to occur again, here are the top six areas that could be impacted:

1. FHA Case Numbers: For each FHA loan, we are required to order a FHA case number. This number is generated before an appraisal can even be ordered. With a shutdown, we may not be able to order case numbers. Because of this, it is critical to let us know if there is a contract executed on any loan, so that our office can go ahead and order a case number without risking the loan being on hold during a shutdown. Note: with the new FHA guidelines, a contract must be executed before a case number can be ordered.

The ability to close FHA loans is questionable, depending if HUD keeps its website running to obtain FHA case numbers and CAIVRS. During the November 1995 shutdown, case numbers could not be obtained, but this was prior to the internet and was a manual process. The shutdown in 1995 mainly caused a delay rather than a drop in FHA loan origination. But if lenders decide to stop accepting FHA applications, it could be a problem. I think we may see delays but not a complete shutdown of the FHA.

2. 4506 IRS Transcripts: Each loan requires the verification of at least one tax return by the IRS to verify the numbers that each customer presents on their tax returns. During a shutdown, this process would be delayed as the IRS wouldn't be at work to verify the transcripts.

3. Verifying Employment of a Government Employee: We are required to verify the employment of each customer. If the customer is a federal government employee, we would be unable to verify his or her employment during a shutdown.

4. FEMA: Homes in a Flood Zone: Homes that are determined to be in a flood zone would not be able to close as flood insurance could not be obtained.

5. USDA: During a shutdown, the USDA office would be closed because they have government underwriters that insure behind the lender. With a shutdown, we would see delays with all USDA loans.

6. VA: Like the FHA, the disruption is possible – but not absolute – during a shutdown. This would all depend on if they continued to allow their website to function. A disruption would cause delays in VA appraisals and the issuing of certificates of eligibility. If the website was closed during a shutdown, we would see delays in all VA loans.

 

 

 

New Law for Short Sales

by The Barringer Team

In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units. Any purported waiver of this rule shall be void and against public policy.
Although a lender cannot require a borrower to pay any additional compensation in exchange for a short sale approval, the new law does not prohibit a borrower from voluntarily offering a monetary contribution to a lender in hopes of obtaining a short sale. A lender is also permitted under the new law to negotiate for a contribution from someone other than the borrower, such as other lenders, agents, relatives, and the like.
Exceptions to the new law include a lender seeking damages for a borrower’s fraud or waste; a borrower that is a corporation, LLC, limited partnership, or political subdivision of the state; a lien secured by a bond as specified; a public utility lien; and additional rules apply if a note is cross-collateralized by more than one property.


Good for underwater homeowners.. will increase lending costs because this undermines the collateral that a bank has, yet, is good for now...


July Podcast

by The Barringer Team

Check out July's podcast click on link below.

http://www.talkrealty.com/billbarringer/audio/player.aspx

Best Buy in Tracy California

by The Barringer Team

Here is a regular sale and for Tracy that is unusual don't have to wait for Bank Approval for 6 months. The seller has priced this very good and it is a semi custom home. Click on link to see.

http://www.tracyrealestateexpert.com/property/295-Covey-Ln-Tracy-California

Is it really " AS IS"

by The Barringer Team

Say that 5 times real fast! Believe it or not, there once was a time when writing an offer “As Is” was relatively rare. Even in 2011 most offers I’ve seen and written are of the “As Is” variety. Most of the reason for this is because, in this area at least, sellers, for the most part, have taken on the responsibility of initiating pest and property inspections before putting their homes up for sale. Buyers can educate themselves about the subject property before writing an offer and can thereby make a decision as to whether or not the flaws and problems with the place are tolerable or workable to them. As you might have guessed…seller’s like to see an “As Is” offer.

Here’s the thing: “As Is” doesn’t always mean “As Is”…even though most sellers think it does. A buyer entering into an escrow with an “As Is” sale can still do further inspections on the subject property. If the further inspections turn up an issue not on the original disclosures, or in the sellers inspections, the buyers have the right to either change their minds about the purchase, or ask for the problem to be resolved by the seller. A few years ago, representing a buyer, I sold a house “As Is” where the seller had, mistakenly, not done a property inspection. We did one, and discovered a foot of standing water under the house. I recommended the buyers get an engineer to look at the house and he discovered some early stages of foundation problems that were developing as a result of the bad drainage. He gave us a bid of $25,000 to correct the problem. We gave the $25,000 bid to the seller…she paid it. Her alternative going forward (if my buyers backed out) would have been to now sell the house with both our property inspection and our engineer’s report and bid. Certainly that would have effected the home’s marketability and who knows how much longer it would have taken for her to get a new buyer.

I’ve seen this happen several times. If you’re a seller, always do inspections up front and know what’s going on with your home. If you’re a buyer with an “As Is” offer and you have some questions or concerns about some aspect of the home, don’t be afraid to do further inspections.

Displaying blog entries 1-6 of 6

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The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
209-833-7777
800-984-7282
Fax: 209-229-7426
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