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Specializing in Mt Shasta Real Estate
Andree Morgana REALTOR® (DRE License Number 01092352)
PO Box 360
Mount Shasta,  CA  96067
530.859.5793
Contact Me
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Real estate contingencies make comeback
During the recession of the early 1980s, when mortgage interest rates hovered near 18 percent, few home buyers could qualify for financing, particularly if they already owned a home that needed to be sold before buying a replacement home. Offers made contingent on the sale of the buyers' current home were popular. Contingent-sale offers are increasing in the current housing market. Most buyers who want or need to make a move to a home that better suits their current lifestyle can't qualify to buy before selling their existing home due to stringent mortgage-qualifying criteria.
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Seller financing for today's market
During the recession in 2001, a strong home-sale market was instrumental in pulling the economy back on track. The opposite may be the case now. The economy, particularly employment, needs to improve before the housing market stabilizes. Low interest rates are helping the home-sale market today, but the housing market is far from stalwart.
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Andree Morgana
REALTOR®
PO Box 360
Mount Shasta,  CA  96067
530.859.5793
Contact Me
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Loan modification “blackmail”
DEAR BENNY: My wife and I received from our lender a repayment agreement for our original mortgage. This was a result of the bank initiating a foreclosure sale, which was temporarily suspended because we agreed to enter the Home Affordable Modification Program. ...more
 
Pay attention to home inspection
For just about anyone, a home is the single-most expensive and single-most complex thing that you'll ever own. So when making that purchase, you certainly want to do everything possible to be an informed buyer and to protect yourself and your investment. ...more
 
Playing the real estate waiting game
Buyers often are reluctant to make an offer to buy a home they find early on in their search. After looking for months and not finding anything comparable, some buyers regret not having moved quickly on a listing even though they saw it early on. ...more
 
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