Craigslist, A New Twist on an Old Real Estate Scam

house-for-rent

In a different twist on an old scam, real estate scammers are using new tricks to try to pull a fast one on people searching for a place to rent.

Although everyone thinks they would never fall for a scam, it can happen to anyone. Recently, the people doing the tricking are getting more creative.

You may know that agents list properties for sale on Craigslist.

Instead of just trying to get you to send money in exchange for a key, sight unseen, now scammers are actually putting victims in touch with legitimate real estate agents.

The individual is being told, call the agent, they’ll show you the property, but don’t say anything about renting because I’m the owner and I don’t want them to know I’m going to take the listing away from them.

Once the potential renter has fallen in love with the house, they’re told to send the alleged owner a security deposit. With one pen stroke, the scammer has tricked both the buyer and agent.

Now that they’re more aware of the issues, most agents are being pro-active and trying to stop any fake rentals before things go too far.

Your best protection is to ask the agent if the owner wants to rent the house. Most listing agreements cannot be cancelled by the owner unless the real estate agent agrees to the cancellation.

The best advice, however, is to work with someone you trust, and remember if it seems too good to be true, it probably is.

It is important to note that there are legitimate listings on Craigslist. The site has become a popular place for agents to post listings. If you are searching on Craigslist, just remember to use caution and do your research if you find something that interests you.

Nevada County Home Sales Up April to June 2009

sold-sign2

Nevada County homes sales increased in the three months of April to June, 2009 compared to the same period in 2008 by 14%. Sales for the three month period in 2008 were 203 housing units compared to the three month period in 2009 of 231 housing units. However, the average sales price dropped 17% in the three month period of 2008 which was $417,250 compared to $345,931 for the same three month period in 2009.

In addition the number of foreclosure proceedings started against California homeowners fell slightly in the April-through-June period compared with the prior three months, but remained higher than last year. The dip from earlier this year occurred as lenders and their loan servicers took time to revise procedures and priorities in an environment of continuing home price depreciation, economic distress and mortgage defaults, a real estate information service reported.

Lenders sent out a total of 124,562 default notices during the second quarter (April through June). That was down 8.0% from the prior quarter’s record 135,431 default notices, and up 2.4% from 121,673 in second quarter 2008, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.

“There is a perception that the housing market is dragging along bottom, that it probably won’t get much worse, and that the lenders need to get serious about processing the backlog of delinquencies, either with work-outs or foreclosure. We’re hearing that some lenders and servicers are doing just that, hiring more people to do the necessary paperwork. That means the foreclosure numbers will probably shoot back up during the third quarter,” said John Walsh, DataQuick president.

The median origination month for last quarter’s defaulted loans was July 2006, the same as during the first quarter. A year ago the median origination month was April 2006, so the foreclosure process has moved three months forward during the past 12 months.

Sponser & Drive a Car in Nevada County Fair

NC-derby

At the Nevada County Fair you can sponsor and drive a car in the Fair’s demolition derby and have chance to win $1,000 for your favorite charity.

For the second year, the Nevada County Fair is providing organizations and businesses the opportunity to sponsor and drive a car in the Fair’s popular Demolition Derby, while at the same time raising money for a favorite charity or service organization.

Organizations and businesses can purchase a car for $500 and the Fair will provide a Derby car to use in the Demolition Derby. The organization can choose to provide its own driver or the Fair will provide a driver for the car. Additionally, the car can be picked up on August 7 to customize the car or it can be left at the Fair, where it will have a number painted on it.

The sponsored Derby cars will participate in their own event at the Demolition Derby, held on Sunday, August 16, at 7 pm in the Arena. The last of the sponsored cars moving will receive $1,000 towards the charity or service organization of their choice.

There are only a limited number of cars available, so call the Fair Office at
(530) 273-6217 to reserve your car, and obtain a list of rules and all the necessary forms.

This year’s Fair is August 12-16. Visit Nevada County Fair Grounds for more information.

Investors Driving Home Prices up

castle-cartoon-surrounded-b

With so many foreclosures and all the negative news that you hear, it’s refreshing to hear that home inventories are decreasing. But this is making it difficult for home buyers in parts of the country where there are lots of foreclosures to buy. Investors are bidding up prices thousands above the original asking price.

Federal legislation slowing the number of foreclosures is adding to the problem by reducing the number of homes on the market. For instance, in Las Vegas, one of the areas where the bidding problem is greatest, home inventories are down 10 percent since March, according to the Las Vegas Association of REALTORS®.

When a bidding war erupts, the problem is particularly difficult for traditional buyers because investors are usually cash purchasers. They can bid up a property without concern whether the appraisal will prevent them from getting a loan.

Experts say the problem is not unlike the situation at the height of the housing bubble. “This market is about as abnormal as the hypermarket that we came out of a few years ago,” says Jay Butler, director of the Realty Studies program at Arizona State University.

Property Tax Bill Too High? Appeal It

scales-money-house

Do you feel that your property tax bill is too high? Was it raised recently in a declining real estate market? You do have the right of appeal. Listed below are some of the information that you would need to appeal your property tax:

According to the Wall Street Journal, M.P. McQueen (07/16/09)

“The going rate for a property tax consultant, who makes the pitch to the appeals board on behalf of the home owner, is often 25 percent to 50 percent of the amount saved in the first year.

Winning an appeal requires persuading an assessor or appeals board that the current assessment is inaccurate or outdated. Often the window for appeal is very small, so it pays to have key information gathered and ready.

The National Taxpayers Union offers these tips for filing an appeal:

• Check the assessors’ information on file for accuracy, including lot number, zoning category, sales records, land value and dimensions, and significant features.

• Make sure that defects like a leaky basement that could lower the value of the property are on record.

• Provide three to five comparables that prove the point that the property is over-assessed.

• Get a full appraisal if the information on file appears to be hopelessly incorrect.”

Let me know if I can help you in appealing your property tax bill, why pay more than you have too?

Nevada County Fair Extends Entry Deadline

ferris-wheel-n.c.-fair

If You Want to Enter an Exhibit, You Can Still Enter On-Line

The deadline to enter an exhibit (or two) in this year’s Nevada County Fair has been extended for another week.

Nevada County residents interested in entering a still exhibit in one of the many exhibit categories can enter on-line, using the Fair’s on-line entry system, until Friday, July 24 at 5 pm. There is no on-line entry fee! Simply log-on to the Fair’s website at Nevada County Fair, and follow the step-by-step process.

Complete descriptions of all categories are also available online in the Fair’s Competition Handbook.

This year’s Nevada County Fair is August 12 – 16. For more information, call the Fair Office at 530-273-6217 or visit Nevada County Fair

By Wendy Oaks
Nevada County Fair Grounds

How do I Protect a Vacant Home That I’m Trying to Sell?

Vacant home-kitchen has been destroyed
Vacant home-kitchen has been destroyed

To make a long story short, if possible don’t leave your home vacant if you are trying to sell it. However, if you do have to vacate your home, here are some guidelines that will help you.

To begin with, if you leave your home vacant for thirty days, your homeowner’s insurance policy may expire or be cancelled. Check with your insurance agent to protect yourself. You know how Insurance companies are, they are notorious in finding ways not to pay on your insurance policy. Remember, it could be considered fraud if you leave your home vacant for a long period of time and then say you have occupied it if something happened to your home in your absence

• Have your real estate agent (like myself) advise you on how to make your house look occupied and have him check your house on a regular basis.

• Again if at all possible, don’t move out until you’ve sold the home. If you are one of a couple, consider staying behind, or living there occasionally until the home is sold.

• You can rent out the home. Not only will the home be lived in, the rent will help cover your carrying costs. You may still have to change your homeowners’ insurance policy to reflect the property’s new rental status — say to reduce your contents coverage — but it’ll be cheaper than vacant home insurance.. Of course, renting carries its own problems, making sure that you get a good tenant to start with. Then there is a law which states that you have to give the tenant 24 hours notice before you can show the home. This could result in a lost sale. Otherwise, hire a house-sitter or let someone you trust live there until it’s sold.

•If you must move out make the home look lived in. No matter what you do, you still have to keep the home maintained by cleaning the yard and gutters, trimming trees, clearing the gutters, checking for leaks, shoveling the sidewalks and driveway, and winterizing or summer-izing as necessary.

• A good way to protect your home if you must vacate, is to install a home security system that is monitored. Our local Beam Center provides excellent service and I have used their services for years.

• Give the lived-in look some redundancy. Have an acquaintance bring in mail (Security experts say to stop mail and other deliveries when you are away). Ask your neighbors to keep an eye on your home and to report any suspicious activities to the police. Ask a neighbor to park their car in the driveway. Install timers on lights and leave window coverings and some furniture in the home.

Empire Mine State Park, Nevada County

Bourn Cottage
Bourn Cottage

I believe that one of the nuggets of Nevada County is the Empire Mine State Park. Located in Grass Valley, nestled among tall pines, oaks and cedars, it has been brought back to its original grandeur of the mining days of old.

This is really one of the state parks that is a must visit. To mention some of the activities there are 12 miles of beautiful trails for hiking, mountain bike riding and horse back riding. I have ridden my mountain bike on many of the trails and the trails range from flat to very, very steep. Visting the park is like going back in time to the 49’s era, seeing how the miners worked and how the rich mine owners lived.

Hardrock Trail - Photo by Jeff Herman
Hardrock Trail - Photo by Jeff Herman

Tours are available inside the Bourn Cottage, as Volunteers in period dress recreate characters from Empire’s colorful past. This two story country home of William Bourn, Jr., styled after the noble estates of nineteenth century England, was built in the late 1890’s. The architecture is distinguished by a remarkable redwood interior, leaded glass windows and massive granite walls. Cottage Living History tours are available every weekend May through mid-October.

A brief history of the mine:

“For more than a century, from 1850 to 1956, the grumblings and rumblings of the stamp mill could be heard for miles around Grass Valley. Twenty-four hours a day, huge banks of machines sent iron rods crashing into chunks of ore blasted from deep inside the Earth. The noise was a constant. Living near the Empire Mine was like living near an interstate highway: You got used to it, or you went nuts.

“People only noticed when it stopped,” says Donna Jones, interpretive ranger at Empire Mine State Historic Park. “And one of the few times it stopped was when Maude Bourn married. They turned it off for three days.”

Maude Bourn was the daughter of William Bowers Bourn Jr., who took over the mine from his father in 1887 and went on to become a big name in California, leaving, among his many legacies, the 43-room Filoli mansion in Woodside and the Greystone Winery (now headquarters for the Culinary Institute of America) in St. Helena.

Empire Mine was one of the first — and eventually the largest and most productive — hard-rock mining operations in California, having its start with the discovery, in 1850, of flecks of gold in an outcropping of quartz where the park’s main parking lot is now. Some 5.8 million ounces were eventually extracted from the vein.

The usual method of entering the mine was aboard a cable-operated “man skip,” which resembled a giant toboggan on tracks. Twenty men at a time would pile on for the rip-roaring, 600-feet-per-minute ride into the bowels of the Earth.

“They always put the new men in front so that, if they lost their breakfast, it wouldn’t affect anyone else,” Jones says dryly.”

Source Sacramento Bee

For more information of the activities, fees and tour dates visit Empire State Park

If you have visited the park, please leave your comments of your impression of the park.


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Foreclosed Homes Trashed by Previous Owners

Not too long ago I wrote an article about people trashing their homes during the foreclosure process. Somehow, they feel that its the mortgage company’s fault that the home they bought is now in foreclosure.

httpv://www.youtube.com/watch?v=Ms6IzSSfcoI
(Note, if you cannot see the video, download Adobe Flashplayer)

Although this video is a few months old, it’s still shows what happens to many of the homes that have been foreclosed on. The reason I’m reposting about trashed forclosed homes, is because just the other day I know someone that moved out of their condo which will soon be in foreclosure. Abandoning the condo, they decided to take the kitchen stove, built-in micro wave, the dishwasher and some of the light fixtures, none of which is personal propery and is an integral part of the condo. The condo will soon be in foreclosure, since they are not making any more mortgage payments. They decided that the place was not worth the price they paid for the condo. So much about honoring any part of your debt.

I’d appreciate your comments on this article.

Love to Sing? Enter Idol Competition at Nevada County Fair

Nevada County Fair Mascot
Nevada County Fair Mascot

Do you love to sing? If so, the Nevada County Fair is looking for talented vocalists to sing in the Nevada County Fair’s “Hare’s A Magical” Idol Competition at this year’s Fair.

Nevada County residents between the ages of 16 and 28 are invited to participate in this crowd favorite on Wednesday, August 12, at 8 pm on the Pine Tree Stage at the Fairgrounds.

The grand prize is $100, as well as a paid entry fee of $250 into the State Fair’s “Talent Star Search” competition in Sacramento.

Singers will be judged by a panel of local celebrities, who will narrow it down to three finalists. Audience members will then vote with quarters for the grand prize winner. The quarters will be weighed on stage and the winner will be announced that night. All quarters collected will be donated to the non-profit of the winner’s choice.

Early entry is encouraged, as there are only a limited number of spaces available. The entry fee is only $5, and entries close on Friday, August 7 at 5 pm. All contestants will receive a free admission pass to the Fair on Wednesday, and 2nd and 3rd place winners will receive Fair packages that include Fair admission, parking and arena tickets.

A complete list of rules and a registration form can be obtained from the Fair’s website at Nevada County Fair, by calling the Fair Office at 273-6217, or sending an e-mail to Debby at debby@nevadacountyfair.com

Bring your friends, your quarters, and be prepared for a great night of music and entertainment at this year’s Nevada County Fair, August 12 – 16.