Realty World – Silverado

Restoring American Financial Stability Act of 2010 
When this new law is fully implemented, it appears that Mortgage Brokers will be limited in what loans they can originate and one wonders if mortgage brokers will even survive this change.  
One of the provisions of the law requires the lender to retain a percentage of ownership, which clearly ...       [Read More]

In an effort to speed up the short sale process, some lenders are choosing to automate the way approvals are given.   Bank of America is using a new system to automate the approvals of short sales, called Equator.    It uses an Automatic Valuation Model (AVM) like Zillow.com to determine the value of the home, and any ...       [Read More]

Ongoing Series: good things are happening on Mare Island
I was given the heads up about this article in the SF Chronicle about volunteers developing places to explore on Mare Island.   It’s surprising this is not a local paper article, but once again, it’s never exotic, it seems, to explore your own back yard.   I think it’s ...       [Read More]

Ongoing series:  Good things are happening on Mare Island
Have you seen the classic mansion at 1185 Azuar Drive on Mare Island lately?   Steven David, the owner has restored it to its former glory, and it was clearly a labor of love.   It towers above the other mansions, with the impressive Roman columns out front, and ...       [Read More]

Ongoing series:  Good things are happening on Mare Island
I was recently met Randy, an accountant who is relocating to Vallejo to take a job with ALSTOM on Mare Island.    When I asked what the company produced, he said it was high-speed passenger train cars and they export their product all over the world.  Apparently, they ...       [Read More]