Real Estate Information

While the deadlines for both the $8000 first time home buyer tax credit and the $6500 repeat home buyer tax credit have passed us by, military service members on extended duty outside of the US for 90 days or more between January 2, 2009 and May 1, 2010 may be able to qualify for a one year extension.  Due to the special circumstances of military service members, there are also some changes in the rules surrounding the tax credits that deal with their unique situation.

The original rules stipulated that a homeowner who received a tax credit on their home purchase had to use that home as their primary residence for three years or else they would be required to pay back the tax credit.  The new military extension states that, if a service member has to sell or move from their primary residence purchased under the tax credit guidelines within 3 years of purchase due to official extended military duty, they will be exempt from having to pay back the credit.

Also, originally, the tax credit was only available to home purchases with a binding contract in place on or before April 30, 2010 and closed before June 30, 2010.  Under the new military extension, those service members who qualify for the tax credit and were out of the country on official extended leave will have to have a binding contract in place on or before April 30, 2011 and have their sale closed by June 30, 2011.  This also includes service members who are forced to return to the US due to medical reasons before their assignment of at least 90 days extended duty is completed.

To be considered a "qualified service member", you must be a uniformed member of the US military, Foreign Service of the US or an American intelligence community employee.  An "official extended duty" is considered to be any extended duty outside the US for a duration of at least 90 days between December 31, 2008 and May 1, 2010.

If you want more information or help with understanding the extension of these tax credits for military service members and how they affect you, please contact The Silveria Team.

For Rent in Tracy, CA!

2720 Shofield Lane
$1,650/month



Bedrooms: 4
Baths: 2.5
Square Feet: 2498
Lot Size: 5227 sf
Garage: 2 car
Style: 2 story

Description: This rental home has it all! Hardwood floors, tiled bath & laundry room, custom interior paint, stainless steel appliances, gas fireplace, ceiling fans, master bedroom suite with large oval tub & his/hers master closets, built in security system and gorgeous backyard- covered patio with ceiling fans, fruit trees & grape vines.

This property can be yours to rent for $1,650/month + $2,000 Deposit.
Landscaping is included in your rent.
Call today to schedule an appointment to view!

Please contact our Property Management Department
at 209-835-9300 Option 3 or info@tstrents.com

If you or anyone you know is in the market to
rent, purchase or sell a Northern California home,
please contact The Silveria Team!

Just Sold in Manteca, CA!

958 Mandeville Street
$266,500

4 Bedrooms
3 Baths
3200 Square Feet
3 Car Garage
2-Story Single-Family Home

If you or anyone you know wants to sell their California home,
Please contact: The Silveria Team today!

Get a free instant online home or investment property valuation,
Please visit: FreeInstantHomeValue.com.

Keller Williams Realty Associates may be taking the day off on Thursday, May 13, 2010, but it will hardly be a day of rest.  Over 25,000 associates across the United States and Canada will spend their day off by giving back as part of the company’s community service initiative: RED Day.

Short for “Renew, Energize and Donate,” RED Day was created to unite Keller Williams Realty offices and associates in an international day of service.  During RED Day 2009, over 25,000 Keller Williams associates participated in activities ranging from food and blood drives to cleaning up trash in public parks, doing yard work for neighbors in need or revamping gardens at nursing homes.  Last year on RED Day, the company donated over 130,000 hours.

As part of the RED Day effort, Keller Williams Realty of Tracy has chosen to spend the day with McKinley Elementary, one of the 1st schools to be established in Tracy, CA.  We have found that this aged site is lacking an outdoor sports field & sports equipment and many of the 450 children come from families with little to no income, making necessities such as paper and pencils a rarity.  With the majority of students being on free or reduced lunch and/or breakfast, these teachers and staff have many obstacles to overcome in order to provide the learning facility that each and every child deserves.

We’ve made a commitment to McKinley Elementary to donate 450 backpacks filled with school supplies to start out the 2010-11 school year on the right track.  We are reviving the sports field and building a soccer goal for the kids and their soccer field.  We’re also hosting a BBQ for the staff and enjoying an afternoon of outdoor play with all the students; DJ playing Kids BOP, activity booths, raffle prizes and soccer play with Troy Dayak of Dayak’s Den.

The Silveria Team has raised nearly $1,000 of cash donations to contribute toward the school supplies.  We’ve received gift cards and meal vouchers from many local businesses, which we greatly appreciate.

We are all very excited to spend the day with the students and staff of McKinley Elementary.  We would like to invite you all to join us in our RED Day activities.  We will start our day at 8:20 AM and stay until school lets out in the afternoon.  If you would like to make a donation of school supplies, soccer equipment, raffle prizes or your time, we would love to hear from you.

Just Sold in Lathrop, CA!

16491 Upper Pasture Trail
$260,000

5 Bedrooms
3 Baths
3184 Square Feet
3 Car Garage
2-Story Custom Designer Home

If you or anyone you know wants to sell their California home,
Please contact: The Silveria Team today!

Get a free instant online home or investment property valuation,
Please visit: FreeInstantHomeValue.com.

Open House in Tracy, CA!

4460 Cove Court

Saturday, May 8th 1:00pm - 5:00pm

For More Information and Pictures CLICK HERE

Bedrooms: 5
Baths: 3
Sq Ft: 3712
Lot Size: 0.15 acre
Style: Contemporary Condo
Garage: Detached

Description: Great 5 bedroom, 3 bath, 3712 square foot home with hardwood flooring throughout and an upstairs loft for entertaining guests.  Home has a wonderful backyard with a built-in pool in the side yard.  This is a wonderful REO home!  Contact us today for more information!

Trying to reduce the rising number of foreclosures in the U.S., the Treasury Department introduced a new federal program that makes it easier to process a short sale  for people unable to keep their homes.

Home Affordable Foreclosure Alternatives (HAFA) streamlines the process for doing a short sale or deed-in-lieu of foreclosure for distressed homeowners who do not qualify for a federal home loan modification through the Home Affordable Modification Program (HAMP) or have missed consecutive payments after a modification.

The HAFA program started April 5, 2010, and ends December 31, 2012.  Federal rules require servicers participating in HAMP to implement HAFA.  The new program also requires borrowers to be released fully from future liabilities related to their first mortgage, including cash contributions, promissory notes and deficiency judgments.

Participation in HAFA cannot save homeowners from losing their property, but it can eliminate the effects of a foreclosure on their credit.  Financial incentives for program participation include a $1,000 servicing bonus for lenders and a $1,500 relocation bonus for displaced homeowners. L enders of other subordinate liens (e.g., HELOCs) may be allowed to keep a limited portion of the proceeds (up to $3,000 each) of a short sale, with the first-lien lender’s approval.

HAFA is designed for homeowners who have applied to HAMP for assistance but have had no success with their loan modification program.  To participate in HAFA, homeowners must still meet HAMP’s eligibility criteria: home is principal residence; first-lien mortgage is in delinquency or default is reasonably foreseeable; loan closed before January 1, 2009; unpaid balance is under $729,750; and the mortgage payment is over 31% of gross income.

For more information on HAFA, go to the following link:
hmpadmin.com/portal/programs/foreclosure_alternatives.html

If you're interested in finding out more about the HAFA program, please contact The Silveria Team.  We're always here to help!

Open House in Fremont, CA!

39199 Guardino Drive #173

Saturday, May 8th 1:00pm - 4:00pm

For More Information and Pictures CLICK HERE

• Bedrooms: 2
• Baths: 1
• Sq Ft: 844
• Style: Contemporary Condo
• Garage: Detached

Description: Don’t miss your opportunity to own in these highly desirable condominiums in central Fremont. The amenities are endless in this well kept, 2 bed/1 bath unit. You’re welcomed home to granite countertops, stainless steel appliances, hardwood laminate flooring, air conditioning & in-unit laundry. Enjoy a cup of coffee on your oversized end-unit balcony or cozy up in front of your built-in fireplace. The complex provides a secure & comfortable home for all; parking & storage in secure garage, gorgeous pool & courtyard, large gym with up-to-date equipment, private tennis courts and elevators in building. Location, Location, Location…this peaceful, tree-lined street is within walking distance to BART, local parks & shopping!

Just Sold in Brentwood, CA!

2008 Hedge Avenue
$265,200

4 Bedrooms
2.5 Baths
2002 Square Feet
2 Car Garage
2-Story Single-Family Home

If you or anyone you know wants to sell their California home, please contact The Silveria Team today!

Get a free instant online home or investment property valuation done by visiting FreeInstantHomeValue.com.

Just Listed in Stockton, CA!

226 South Carroll Avenue
$330,000



For more information and pictures, please CLICK HERE!

If you or anyone you know is in the market to buy a home in Northern California, please contact The Silveria Team!

SqFt: 6715 sq ft total
Lot Size: 0.82 acre

Description: Residential Income Property - 6 Houses and 1 vacant lot on .82 Acre parcel.

226 Carroll Ave: 5 br/3ba, 1840 sqft, single story, 2 car garage, fully fenced yard, w/ storage shed in rear. Tile floors & carpet throughout, central heat & air, inside laundry room & standard appliances.

240 Carroll Ave: 3 br/2 ba, 950 sqft, single story, fully fenced yard, 1 car carport attached, storage shed in rear. Tile floors & carpet throughout, central heat & air, inside laundry room & standard appliances.

225 Dawes Ave: 3br/2ba, 900 sqft, single story, fully fenced yard, 1 car carport attached, storage shed in rear. Tile floors & carpet throughout, central heat & air, inside laundry room & standard appliances.

233 Dawes Ave: 3br/2ba, 950 sqft, single story, fully fenced yard, 1 car carport attached, storage shed in rear.Tile floors & carpet throughout, central heat & air, inside laundry room & standard appliances.

239 Dawes Ave: 2br/2ba, 950 sqft, single story, fully fenced yard, 1 car carport attached, storage shed in rear. Tile floors throughout, central heat & air, inside laundry room & standard appliances.

241 Dawes Ave: 3br/2ba, 1000 sqft,single story, fully fenced yard, 1 car carport attached, storage shed in rear. Tile floors throughout, central heat & air, inside laundry room & standard appliances.

Vacant Lot: Vacant lot, fully fenced with no improvements.