If youâ€™ve ever tried toÂ buy a condoÂ in San Jose or anywhere in California with an FHA loan, you know that itâ€™s been harder than getting Lindsay Lohan to pass a driving test. Well, the department of HUD is making some changes to their policies and one of those revisions could allow individual units to be bought with FHA financing even if the whole complex hasnâ€™t been certified forÂ FHA loans. Right now only 25% of all condo projects are on the FHA approved list. So this could really open up a lot more opportunities for California real estate agents to help homebuyers get into their first home. Iâ€™ll be sure to let you know more about this story as details become available.
Songwriter Jerry Goldstein who wrote such hits at â€œMy boyfriendâ€™s backâ€ and Sly and The Family Stoneâ€™s hit â€œWarâ€, (huuuuh, good god yall, what is it good for?) Absolutely nothin! He even wrote this song, and now heâ€™s asking the buyers of his California mansion, â€œwhy canâ€™t we be friends?â€ See Jerryâ€™s home went throughÂ foreclosureÂ and sold at a public auction for 7.5 million, but getting him to move out so the new owners can move in is proving to be harder than getting Lindsay Lohan to pass a drug test. So theyâ€™ve taken him to court, and are asking for $666 per day that he refuses to leave the property. Hey Jerry, if I were you Iâ€™d take a permanent vacation hey la, hey la before the judge comes back.
Itâ€™s been a crazy week forÂ interest rates in San Jose. They went up, they went down, and hereâ€™s where they are at the time of this video. Many homeowners are taking advantage of locking in rates as low as 2.99% on 15 year fixed mortgages, and with home sales risingÂ 3% in the month of April, this beautiful weather is the perfect time to be looking for a home in San Jose. Remember I always have time to help you, your friends and family who need a San Jose mortgage broker and California real estate advice, so give me a call, and be sure to share this video with them. Thanks for watching, Iâ€™ll see you next week.