Archive for July, 2009

El Camino Hospital Los Gatos Grand Opening August 1st

Posted in July 31st, 2009

by Rick Bonetti in Saratoga Community, Saratoga Fun Stuff

Former Los Gatos Community Hospital at 815 Pollard Road, Los Gatos, CA was purchased by El Camino Hospital of Mountain View and reopened the 143-bed facility on July 12th, but their Grand Opening is Saturday, August 1st from 11AM to 3PM.
Come join the fun with BBQ, Jump house for the kids, a magician at 2:30PM, [...]

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New Regulations Impact Closing Dates

Posted in July 29th, 2009

by Rick Bonetti in Art of the Deal, Financing Trends

Effective July 30, 2009 new Federal regulations will effect financed home sale closing dates in four ways:

7 Business Day Requirement – the earliest any financed home purchase transaction can close is now 7 business days after the homebuyer is issued the “initial mortgage disclosures” from the lender. Note: At wells Fargo Home Mortgage, Saturdays (with the exception [...]

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FHA Challenges for PUDs and Condos

Posted in July 29th, 2009

by Rick Bonetti in Art of the Deal, Financing Trends

FHA financing for condos and townhomes can be problematic. With FHA becoming such an important part of Fannie Mae and Freddie Mac guaranteed lending there are all sort of little know requirements for PUD’s or Condos. Examples are that fidelity bonds are required for the HOA or the lender will not fund; HOA budget revenues need to be [...]

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Now is the Time to Buy a Home

Posted in July 24th, 2009

by Rick Bonetti in Homebuyer Tips, Market Trends

An article in today’s Mercury News quotes Alain Pinel Los Gatos Manager as saying “It looks as though the valley’s housing market has reached the bottom. I would say we have been there for about two months. It’s going to be a slow recovery, but we are definitely getting stabilized,” Click>here for the full article.
Rick Bonetti [...]

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Moving In the Moment

Posted in July 24th, 2009

by Rick Bonetti in Heart, Homebuyer Tips, Homeseller Tips

Several of my friends are in the process of moving. Some are going through divorces; others are wrapping up employment without clear-cut prospects of where they will be going next; some are embarking on the adventure of building their “dream home.” All this can add up to stress upon stress.
This morning I received an email from [...]

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