Coyotes in Paradise – Watch Your Pets In Nevada County!

by Lisa J. Lehr

Most of us living in Nevada County moved here because we like the rural environment. Rural environments include wildlife, and that, for the most part, is a plus; however, most of us also share our lives with beloved pets, and clashes between wildlife and pets often end in heartache for the pet owner.

Coyotes are a particularly ubiquitous wild critter here in Nevada County, and pets falling prey to coyotes is a far too common occurrence. The consolation—if there is any—is that, compared to a car accident, dog attack, or abduction by a person with evil intentions, death by coyote is quick and, as far as we know, relatively suffering-free. Coyotes kill to eat, and they do it efficiently.

Still, it is heartbreaking to lose a cherished pet, and it is our responsibility to take care of them.

Coyotes are difficult to eradicate. They are becoming alarmingly unafraid of humans, with daytime sightings becoming more frequent. Trapping and relocating coyotes is not as good an idea as it may sound, as any young coyotes orphaned by this process will seek easy prey—e.g., our pets.

They can be frightened, so if you see one, try shaking a noisemaker (like a can full of hardware) or throwing things at it. Fire a Super Soaker (high-powered toy water gun) filled with water or vinegar.

More often, though, we don’t see them lurking around our property, as they are naturally nocturnal. The key to keeping coyotes away from your home (and your pets, your children, and you) is to eliminate all that attracts coyotes—mainly food. Coyotes are generalists, meaning they’ll eat just about anything.

With that in mind:

·         Keep your cats and small dogs indoors at night; your medium and large dogs, too. Coyotes hunting in packs can take down a fairly big animal.

·         Rabbits, chickens, etc. that are kept outdoors need protection: strong fencing with a top, and/or a small enclosure inside it that they can hide in.

·         Don’t let your pets’ food become coyote bait. Cats are best fed indoors, and dogs should be fed only what they will eat all at once, with no leftovers.

·         Be careful with your birdfeeders. Place them close to your house, and clean up spills. Do not feed squirrels, deer, or other wildlife. Any naturalist will tell you that birds are the only wild critters we should feed.

·         Put garden compost in enclosed bins, and gather your ripe fruits and vegetables immediately. Continue reading Coyotes in Paradise – Watch Your Pets In Nevada County!

Banks Paying For Their Bad Loans

Countrywide ad before they had to be taken over by Bank of America
Countrywide ad before they had to be taken over by Bank of America

Banks are reaping what they sowed.  As you know, during the housing boom, all the banks wanted were more and more mortgage loans. They loosen the rules that  so low that credit scores did not seem to matter, as long as you were breathing and had a pen to sign mortgage documents. So now they have to buy back their bad loans!

According to the Wall Street Journal:

“The accountants at Fannie Mae and Freddie Mac are  auditing mortgage files to uncover loans with improper documentation about a borrower’s income, and then forcing banks and savings and loans to buy the loans back.

Freddie required lenders to buy back $2.7 billion of loans in the first nine months of 2009. Fannie Mae won’t disclose its figures, but the mortgage trade publication Inside Mortgage Finance said Fannie made $4.3 billion in loan-repurchase requests in the first nine months of 2009.”

Of course now, the banks are tightening up their underwriting for mortgage loans more carefully than they were just a year ago.  This results in a further slowing down of the lending process. Which is good and bad of course. But I think in the long run it will be better for all of us. What do you think?

Written by John J. O’Dell
Real Estate Broker
With a background in Civil Engineering
and General Contracting

90 Day FHA Anti-Home Flipping Rules Eased For One Year

During the recent housing boom, many peope were buying homes, putting a little money into them and then putting the homes back on the market, hoping to make a lot of money quickly.  This is known as flipping in the real estate world.  I saw some horrible examples of flipping, with people not knowing what they were doing.  It was amazing, but everything seem to sell. Of course the market crashed and that was the end of flipping.

That is until the market crashed so badly and prices dropped so low, that smart investors with cash started buying homes, fixing them up and flipping them. However, the Department of Housing and Urban Development (HUD) had banned flipping, fearing that people would not be able to sell the homes once they fixed them up. That is they would not insure a home that was resold within 90 days of purchasing a foreclosed home. This of course, limited the ability to sell the home to a new purchaser.

Now, in order to move foreclosed properties quickly, HUD has decided to eliminate the Federal Housing Administration (FHA) 90-day anti-flipping rule. Most experienced investors, buy a home, fix them up and resell them within 90 days in this market. (Surprise?  Yes the market is changing)

For full details you can read HUD’s press release.

Written by John J. O’Dell
Real Estate Broker