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Are you looking for a Foreclosure?

Redding, CA. Mistletoe area: approx 1,470sq foot with inground pool

Call or E-mail me for more information on this upcoming foreclosure or foreclosures currently on the market.

Sue Mooers 530-227-1255 suemooers@yahoo.com

check back for another foreclosure to come

  
 SENATE PASSES FHA MODERNIZATION BILL
In a significant victory for REALTORS® and homeowners across the country, the U.S. Senate on Dec. 14 approved legislation designed to modernize the Federal Housing Administration's (FHA) mortgage insurance program by increasing loan limits and helping troubled borrowers with subprime loans refinance into federally insured mortgages. The Senate's approval followed an aggressive call to action by C.A.R. urging REALTORS® to contact Sen. Barbara Boxer seeking her support in passage of the bill.

The FHA Modernization Act, approved in a 93-1 vote, would increase loan limits for FHA-insured loans from $362,790 to $417,000, to mirror current conforming loan limits Fannie Mae and Freddie Mac may purchase. In addition, the Senate bill would allow the FHA to insure refinanced loans for borrowers who are delinquent on their mortgages due to ballooning payments on subprime loans.

McLEAN, VA - Freddie Mac released the results of its Primary Mortgage Market Survey^â in which the 30-year fixed-rate mortgage (FRM) averaged 6.10 percent with an average 0.5 point for the week ending November 29, 2007, down from last week when it averaged 6.20 percent as well. Last year at this time, the 30-year FRM averaged 6.14 percent. The 30-year FRM has not been lower since the week ending October 13, 2005, when it averaged 6.03 percent.

The 15-year FRM this week averaged 5.73 percent with an average 0.5 point, down from last week when it averaged 5.83 percent. A year ago at this time, the 15-year FRM averaged 5.87 percent. The 15-year FRM has not been lower since the week ending January 26, 2006, when it averaged 5.70 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.86 percent this week, with an average 0.5 point, down from last week when it averaged 5.88 percent. A year ago, the 5-year ARM averaged 5.95 percent. The 5-year ARM has not been lower since the week ending January 26, 2006 when it averaged 5.75 percent.

One-year Treasury-indexed ARMs averaged 5.43 percent this week with an average 0.7 point, up from last week when it was 5.42 percent. At this time last year, the 1-year ARM averaged 5.46 percent.

“Interest rates for U.S. Treasury securities have been drifting lower this month over market concerns that the housing slump and stress in the credit markets could slow future economic growth,” said Frank Nothaft, Freddie Mac vice president and chief economist. “As a result, interest rates for fixed-rate mortgages had room to slip lower this week. In addition to these concerns, the Federal Reserve also noted in its November 28th Beige Book that the glut of available homes continued, keeping downward pressure on prices and construction activity.”

“Add to this the S&P/Case-Shiller^â 20-composite index showing house prices falling 4.95 percent in the 12-months ending September, with 15 of the metropolitan areas showing annual declines and the overall picture does, indeed, appear glum with no immediate relief in sight.”

Information from National Realty News

HI ALL

Since were near the end of the year I thought you might like some updated information on what has been going on in Shasta County. These are per the Shasta County MLS search information and does not include every home sold.

Single Family Homes not to include MFH

Redding active listings at 823, pending 155, and sold this year 1,137

Shasta Lake active listings at 86, pending 13, sold this year 134

Anderson/Happy Valley active listings at 168, pending 27, sold this year 170

Palo Cedro active listings at 39, pending 3, sold this year 43

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Have dog's nails  left minor scratches in your wood floors?

A: If the scratches are not all the way through the finish and into the wood

below, there are a couple of things you can try:

1. Sand the scratched area with 0000-grade steel wool to blend the scratch

into the surrounding area.

2. Use a very small brush and apply a small amount of polyurethane just to

the scratch itself -- keep it off the surrounding area as much as possible.

Many hardwood floor companies also offer polyurethane scratch repair kits.

3. Rub a small amount of paste wax directly into the scratch, using a clean,

soft rag. Let the wax dry, then buff the area around the scratch. If you have

dark-colored floors, use a dark paste wax that's formulated for darker

woods.

4. Use a color-putty stick in a color that matches the floor. Rub it lightly into

the scratch, then let it dry.

5. Try one of the commercial scratch removers available that work primarily

by filling in the scratched area and eliminating the reflected light from that

area, making the scratch seem to disappear.

All of the products you need are available at most home centers, paint

stores or retailers of flooring-related products. Try the repair in an

unobtrusive spot such as a closet before tackling more obvious areas. If the

scratch is through the finish and into the wood beneath, you need to have

the area sanded and recoated. However, many hardwood floor contractors

can sand and coat just a portion of the floor, so it still may not be necessary

to do the entire floor.