Real Estate Blog - Tracy, Ca

Hot Homes: 1713 Maison Ln Tracy, CA 95377

2011-12-11T12:19:00.000-08:00

Here is one Hot deal in Tracy:

Edgewood subdivision, Jefferson school district, bedroom downstairs, detached garage, Loft above garage with bathroom, corner lot, needs carpet and paint.

Beds: 5
Baths: 4
Sq. Ft.: 2,128
Lot Size: 4,792 Sq. Ft.
PROPERTY TYPE: 1 House on Lot, Detached
STORIES: 2
Year Built: 2004
Listed at $230,000
Zillow Estimate: $254,900

Video Walkthrough:

Part one: http://youtu.be/AIMKLNARNBs

Part two: http://youtu.be/Oy_13EpANUA

Tax (2010): $4,187
Rent: $1850/mo ($22,200 yearly)
25% down at 240K with 5% interest rate payments would be $1036/mo ( $12,432 yearly)
$22,200 - $12,432 - $4,187 = $5,581 yearly cashflow
Downpayment: 60K
Closing costs: $7298

I used a real estate calculator to come up with these numbers, I am not a loan agent, please refer to an actual loan agent to verify your actual payments.

CALL me to make an offer!
Email me if you want to be part of my investor group!

Brian Barringer
Brian@tracyhomes.com
209-613-8945

Snapshot of the Tracy real estate market for 12/10/11

2011-12-11T12:11:00.000-08:00

The market is really good right now in Tracy here is a snapshot:

141 available homes in the Tracy. (68 of these are short sales)
217 Pending sales (average days on market for pending sales is 20)
162 short sales with offers waiting for approval
106 homes sold in the last 30 days

This is a healthy market now. There is a definate lack of good homes for sale. This is because there are many buyers grabbing them as they come out. 141 homes availible is actually really low compared to previous years. I have seen it as low as 70 homes in 2004.

Cash Vs. Financing (or financing instead of cash)

2011-12-10T13:04:00.000-08:00

Lets say you have 200K to invest in the real estate market in Tracy today. You could use the 200K to buy a good house and get about 1500-1600 rent per month or you could buy 4 good homes with 25% down. Lets explore the two options. Keep in mind, I am not a lender and these payment calculations are rough.

1) Cash option: 200K house, 3K tax yearly, 1600/mo rent (19,200 yearly - 3K taxes)
16,200 yearly cash flow or 8.1% return on 200K investment

2) Financing option:
4 houses at 200K each financed at 25% down, each renting for $1600, each has tax of 3K yearly.

House 1) Rent 1600 (19,200 yearly)
25% down at 200K with 5% interest rate=$863/mo or $10,356 yearly
19200 - 3,000 - 10,356 = $5,844 return on investment yearly.

Multiply that by 4 is $23,376. Now we are looking at a 11.6% yearly return on the same 200K. So by using the same 200K and financing 4 homes instead of buying one cash you are looking at a total difference of +$7,176 cash flow per year.

Now lets look at appreciation because that's were the real kicker is. Say you plan on selling the homes once they double in price. With the cash option you would get 200K. With the financed option you would get 800K. Clearly financing is the winner.

Brian W Barringer (Lic: 01435948)
Broker/Buyers Agent/Property Manager

Primary: 209-613-8945

Secondary: 209-833-7777

Other: 800-894-7282

Brian@Tracyhomes.com

http://www.tracyhomes.com/

Tracy is looking like 8.8% to 9.6% annual return on investment for a house in the best areas!

2011-11-14T14:22:00.000-08:00

Below is some pretty decent advise from the Wall Street Journal regarding investing in real estate called "Are You Ready to be a Landlord". I think here in Tracy its a perfect time to become a landlord. We are renting properites within a month of selling them. I offer full service property managment services as well as contractors who can get repairs done in a quick turn around time.

The goal for my clients is I want to see them get a house that's ideal for rental as well as for resale. As I am going to most likely be the property manager as well as the selling agent, its a big motivation. But the problem can be the ideal rental (which is also ideal entry level home for owner occupied) is not a secret to other buyers and they tend to attract many offers from every type of buyer. Its common even with cash to have to make 5 offers before getting one.

Call me we can discuss your next investment.

Brian Barringer.

Below are some highlights:

For the week ending Nov. 10, the average rate on a 30-year fixed-rate loan was 3.99%, not far from the Oct. 6 record low of 3.94%, according to Freddie Mac data going back to 1971.

The average monthly rent for all categories, including apartments and single-family homes, was $846 nationwide in the third quarter, up 2.5% from the same period a year earlier.

Government officials have been soliciting ideas for how to convert some of the foreclosed homes owned by Fannie Mae and Freddie Mac into rental.

A good rule of thumb: Make a deal only if you can collect at least 1.25% of the purchase price each year in rental income. For Tracy we are looking at $1600-1850 per month for an investment of 200K-250K, which would be 9.6% to the 200k home and 8.88% for the 250K home.

When looking at properties, act like a renter, says Jeff Cronrod, president of the Boulder, Colo.-based American Apartment Owners Association. Tour the neighborhood to see if landlords seem desperate to lure tenants. Are there lots of vacancies? Are buildings offering deals like living rent free for a couple of months in order to drive up demand? If so, be wary, Mr. Cronrod says.

To ensure that a major repair doesn't break you, set aside at least six months' worth of expected rent, he says.

"The Boss"

Availible now FOR RENT in Tracy Ca- 4bedrooms for $1600- New Carpet and Paint throughout

2011-11-11T13:46:00.001-08:00

Sarah Barringer | goldenvalleypm@gmail.com | (209) 996-7214

Isabel Virginia Dr, Tracy, CA

This house features custom tile floors and new paint. Master has french doors and a over size bathtub.

4BR/2+1BA Single Family House

$1,600/month

Bedrooms	4
Bathrooms	2 full, 1 partial
Sq Footage	1,739
Parking	3+ dedicated
Pet Policy	Cats, Dogs
Deposit	$1,600

DESCRIPTION

Downstairs has custom tile floor, Master bedroom has french doors leading to back yard, with Bamboo flooring. 2 bedroom up stairs with all new carpet. Whole house has been freshly painted. Home is clean and ready to move in.

see additional photos below

RENTAL FEATURES

- Air conditioning	- Central heat	- Fireplace
- High/Vaulted ceiling	- Walk-in closet	- Tile floor
- Family room	- Living room	- Bonus/Rec room
- Office/Den	- Dining room	- Dishwasher
- Stove/Oven	- Microwave	- Stainless steel appliances
- Laundry area - inside	- Balcony, Deck, or Patio	- Yard
- Cable-ready	- High-speed internet

COMMUNITY FEATURES

- Garage parking

LEASE TERMS

~1 YEAR LEASE MINIMUM (no exceptions).

~TENANT PAYS ALL UTILITIES.

~TENANT IS RESPONSIBLE FOR MAINTENANCE & UPKEEP OF SITE

~PETS $300.00 ADDITIONAL DEPOSIT ON EACH ~PET ON APPROVAL

~NO SMOKING IN UNIT

~NO PENDING BANKRUPTCIES

~NOT ACCEPTING SECTION 8 AT THIS TIME

ADDITIONAL PHOTOS

Front	Kitchen
Dinning room	Living room
Family room	Hall/Stairs
Master	Master sinks
Bedroom	Bedroom
Upstairs full bath	Upstairs hall

Contact info:

Sarah Barringer

01435948

goldenvalleypm@gmail.com

(209) 996-7214

Equal Opportunity Housing

Posted: Oct 31, 2011, 6:13am PDT

Cashflow in Tracy, ca

2011-11-11T12:36:00.000-08:00

A look at a few availible properties from a investor prospective.... Enjoy and call me if you would like me to help you buy a home. I work with investors and first time buyers. I also run a property managment business and can help you rent out your next investment. The below loan calculations are based on 5% interest rate. I am not a loan expert or in the loan business, I used a mortgage calculator to get the numbers.

Brian W Barringer (Lic: 01435948)
Century 21 M & M and Assoc. (Lic: 01183865)
Broker Associate/Investor specialist/Property Manager
CENTURION AWARD WINNER 2004-2010

912 West 11th Street
Tracy CA 95376
Primary: 209-613-8945
Secondary: 209-833-7777
ther: 800-894-7282

120 Adobe Ln

- Flooring, kitchen, bathrooms have all been upgraded
-single story
-REO
-Needs some painting.
-Good area
-rent for 1500
-1098/mo with 25% down @ 5%.
- cashflow $312/mo after property managment fee.

Loan Info Closing Costs:
Price $205,000.00
Fixed Costs $5,015.00

Down Payment $51,250.00
Prepaid Costs $1,579.00
Loan $153,750.00
Total Costs $6,594.00
Down Payment $51,250.00
Bring to Closing $57,844.00

140 Edgewood Ct $227,000

Price/SqFt: 106.32

Beds: 4 Baths: 3 (3 0) (FH)* Sq Ft: 2135* Lot Sz: 0.140ac*

Yr: 1990*

-Good area

-Bedroom downstairs

-New carpet and paint

-court location

-Large lot and private backyard

-various repairs needed: fencing, slider door to kitchen, kitchen cabnets need resurfacing and repairs, fireplace door, two closet doors need to be replaced

-$1650/mo rent

-1216/mo payment with 25% down.

-335/mo cashflow

Loan Info Closing Costs:

Price $227,000.00

Fixed Costs $5,247.00

Down Payment $56,750.00

Prepaid Costs $1,747.00

Loan $170,250.00

Total Costs $6,994.00

Down Payment $56,750.00

Bring to Closing $63,744.00

Monthly Payment Info:

Principal & Interest $913.94

Funds Needed to Verify $67,393.00

Homeowners Ins. $66.21

Monthly Property Tax $236.46

Total PITI $1,216.61

1050 Tennis Ln, Tracy, CA 95376 $199,900

Price/SqFt: 136.92

Beds: 3* Baths: 2 (2 0) (FH)* Sq Ft: 1460* Lot Sz: 0.190ac*

Yr: 1981*

-single story

-wood roof

-some upgrades

-busy street

-Large backyard.

Rents for 1450/mo

-1071/mo payment with 25% down at 5%

-cashflow of $292

1361 Divine Ln $225,000 (LP)

Price/SqFt: 118.30

Beds: 3* Baths: 3 (2 1) (FH)* Sq Ft: 1902* Lot Sz: 0.170ac*

Yr: 1990*

-court

-wood roof

-large yard

-needs new paint.

-Short sale.

-Rent for 1600

-Payment 1125.49 with 25% down @5% interest

-cashflow of $376/mo

Guilty Dog Video

2011-03-21T09:53:00.000-07:00

This is too cute!
http://www.break.com/index/guilty-dog-2025685

Consumer Financial Protection Agency

2011-03-16T11:50:00.000-07:00

There are a lot of new laws on the books since the mortgage melt down this decade, HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Agency, created the Consumer Financial Protection Agency and new regulations for the lending industry.

The act establishes the CONSUMER FINANCIAL PROTECTION AGENCY and requires the director to establish an Office of Financial Literacy; and Office of Financial Protection for Older Americans; and an Office of Fair Lending and Equal Oppurtunity.

The agency is directed to establish a single, toll-free telephone number for consumer complaints and inquiries concerning any institutions the various federal financial services agencies regulate. Winning a lobbying battle, auto dealers, gyms and dentists are among those exempted from the act.

Of course, consumers are most interested in the provisions affecting home mortgages. There will be two categories of home mortgages: "qualified" and "unqualified". Financial institutions have incentive to create a qualified mortgage since in all "unqualified" loans, the lender: Qualified and unqualified mortgages.

Highlights of Final Rules on Loan Originator Compensation and Steering:

The final rules protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices.

The new rules apply to all persons who originate loans, including mortgage brokers abd the companies that employ them, as well as mortgage loan officers employed by depository institutions and other lenders.

The final rules, which apply to closed-end loans secured by a consumer's dwelling, will:

Prohibit payments to the loan originator that are based on the loan's interest rate or other terms. Compensation that is based on a fixed percentage of the loan amount is permitted.
Prohibit a mortgage broker or loan officer from receiving paymnets directly from a consumer while also receviing compensation from the creditor or another person.
Prohibit a mortgage broker or loan officers form "steering" a consumer to a lender offering less favorable terms in order to increase the broker's or loan officer's compensation.
Provide a safe harbor to facilitate compliance with the anti-steering rule. The safe harbor is met if:

* The consumer is presented with loan offers for each type of transactionin which the consumer expresses an interest (that is, a fixed rate loan, adjustable rate loan, or a reverse mortgage); and

* The loan options presented to the consumer include the follwoing:

1. The lowest interest rate for which the consumer qualifies;

2. the lowest points and origination fees, and

3. the lowest rate for which the consumer qualifies for a loan with no risky features, such as a prepayment penalty, negative amortization, or a balloon payment in the first seven years.

The final rules are effective April 1, 2011, to provide lenders and originators time to develop new business models, implement necessary changes to their systems, and train personnel.

The Dodd-Frank Wall Street Reform and Consumer Protection Act also restrict practices concerning loan originator compensation. The Reform Act includes provisions that are similar to the Board's final rules but also addresses other practices not covered by the final rules. The Board plans to implement the Reform Act provisions in a future rulemaking with oppurtunity for public comment.

Home Building Trends

2011-03-15T10:40:00.000-07:00

The market is changing out there, and the latest reports are showing that when it comes to buyers, less is more in some cases.

A recent study from the National Association of Home Builders (NAHB) indicates that the recent housing slump has meant buyers are looking for smaller houses. The McMansions of the boom era are quickly losing their style.

The NAHB reports that the builders they "surveyed expect homes to average 2,152 sqaure feet in 2015, 10 percent smaller than the average size of single-family homes started in the first three quarters of 2010. To save on sqaure footage, the living room is high on the endangered list- 52 percent of builders expect it to be merged with other spaces in the home by 2015 and 30 percent said it will vanish entirely."

Also a heavy influence on the housing front are green and eco-friendly features. The NAHB reports that "in addition to floor plan changes, 68 percent of buildes surveyed say that homes in 2015 will also include more green features and technology, including low-E windows; engineered wood beams, joists or tresses; water-efficient features such as dual-flush toilets or low-flow faucets; and an Energy Star rating for the whole house."

This is great news for eco-activists across the nation. The other great news this week? The Mortgage Bankers Association (MBA) reports that mortgage applications are at the highest level in months. They rose by 17.2 percent, that being the biggest increase since June 11th.

Michael Fratantoni, MBA's vice president of research and economics, reports, "An improving job market is beginning to pave the way for an improving housing market. Additionally, mortgage interest rates remained below 5 percent for a second week, maintaining affordability for buyers and leading to an increase in refinance applications."

The U.S. Department of Housing and Urban Development (HUD) had their own good news. Their latest February edition of the Obama Administration's Housing Scorecard revealed that existing home sales are on the rise thanks in part to high home affordability levels.

And since April of 2009, record low mortgage rates have helped more than 9.5 million homeowners to refinance, resulting in $18.1 billion in total borrower savings.

They did report, however, that the "housing market remains fragile as data through January paint a mixed picture of recovery. Exisitng home sales ticked upward in January, but remained below levels seen in the first half of 2010. Mortgage delinquencies continued a downward trend compared to early 2010 and foreclosure starts and completions remain below peak."

But not everyone is in agreement about what foreclosures mean for today's homeowner. According to the New York Times, "All 50 state attorneys general, as well as a host of federal agencies, are pushing for a settlement over investigations into foreclosure abuses by major mortgage servicers that could cost the industry $20 billion or more. Much of that money would be earmarked to reduce principle owed by homeowners facing foreclosure."

Many homeowners have weathered the storm, however, taking on heavy burdens in order to avoid foreclosure. Bank of America argues that by helping some and not helping others, we create an unfair system.

"There's a core problem that if you start to help certain people and don't help other people, it's going to be very hard to explain the difference," said Brian T. Moynihan, the chief executive of Bank of America. "Our duty is to have a fair modification process."

Ski Flying

2011-03-07T09:51:00.000-08:00

Check this out!

Sky Flying in Switzerland

March Podcast

2011-03-03T14:43:00.000-08:00

Welcome to the March Podcast. The arrival of spring signals the start of a new buyers season. There is not a better time to purchase a home than right now. There is also a terrfici oppurtunity for home sellers, if they play their cards right. Learn how sellers are finding buyers and saving money in the process. Click on the link below.

March Podcast.

954 Gotland Ct. Tracy, CA 95376

2011-03-02T10:34:00.000-08:00

New Listing!

954 Gotland Ct.

Additonal Features:

$239,000

1,726 square feet of living space

0.15 acre lot

4 bedrooms

3 bathrooms

CLICK HERE for additonal pictures.

Two story homes vs. One Story homes.

2010-12-30T11:32:00.000-08:00

This is a quick post. I had to convince one of my buyers a one story of the same size is actually better then a two story. Comparing two homes, all other factors being the same except one is two story and the other is one. Here are some reasons I like one story over two:

Personal Reasons: no stairs!

1. Ease of movement
2. break a leg? no going up/down stairs
4. laundry care is easier - all on one level
5. just home with a new baby? no stairs to climb.
6. In laws visiting? No stairs to climb
7. Don't have to lug cleaning supplies up and down stairs
8. No possibility of falling down stairs
9. two story is not quieter - You have people living above you

MARKET DATA: Single story homes sell for more

Lets see what the numbers say. Lets compare homes that have sold in the last six months that are 2000 sq.ft-2200 sqft and built over year 2000. I want to look at a tight criteria so we can compare same size and age homes.

Single story sold in last six months= 10
Average selling price= $260,400
two story homes: = 14
average selling price= $244,957

So with this limited range it looks like a +6% difference for the same sized home if single story.
I think if we looked at a larger group of homes the range would be more like 10-15%.

BUILDING COST FACTORS: it costs more to build one story homes.

(quote taken from a custom home building blog)link to City data Forum

It costs more to build a one story of the same size as a two story:
Below was found on the Internet from a home builders blog:

I once had a general rule of thumb but that is always a bad idea but after looking at costs it went something like this.

$200 a sq foot for 1st floor space
$100 a sq foot for 2nd floor space
$50 a sq foot for basement space (finished)

Now any rule of thumb is never applicable to all situations but when I was planning on our level of trim in our area, that is about what it came to.

So 3000 sq foot ranch - $600k
3000 sq foot 2 story - $450k
3000 sq foot 3 story - $350k (you can't exactly do this but you get the idea)

So by that math, it costs 33% more to build a single story.

Just consider that a single story is twice the roof and twice the foundation of a two story.

At The Shelter

2010-10-07T13:43:00.000-07:00

Maya is a 4-year-old female golden retriever-basset hound mix available for adoption at the Tracy Animal Shelter. The shelter also has many cats and kittens and seeks donations of food and toys for the animals.

The Tracy Animal Shelter, 370 Arbor Road, is open from noon to 5:30 p.m. Tuesday to Saturday. For information: 831-6364.

Capital Gains Tax Laws and Loopholes

2010-10-06T10:07:00.000-07:00

What is Capital Gain?

Simply capital gain is the taxable profit on the sale of an appreciated property.

Who Pays capital gains?

Mostly this is a tax for real estate investors when selling a rental property or other investment that would not be there primary home. The other way one can end up paying capital gains tax is when selling a home that has been lived in for under 2 years, however there are exeptions to these rules which I will explain below. The IRS bases the capital gains tax on the capital gain(just the profit). When you sell your primary residence, you can make up to $250,000 in profit if you're a single owner, $500,000 if you're married(good reason to be married), and not owe any capital gains taxes.

Capital gains Tax Test:
A test you can do to tell wether or not you will have to pay capital gains taxes:

1)Ownership Test: During the 5-year period ending on the date of the sale, you must have owned the home for at least 2 years.

2)Use Test: During the 5-year period ending on the date of the sale, you must have lived in the home as your main home at least 2 years.

Keep in mind:

~There are exemptions to the 2 year rule below.
~Members of the military also get special home-sale consideration.
~I am a Realtor not a CPA. Please consult your taxman for solid adivce regarding taxes

Capital Gains Exemptions:

Avoiding capital gains before 2 years: There are also a few loopholes if you have not lived in your primary residence for 2 years yet and you would like to sell. If you did not meet the requierments of the ownership test above maybe you fall into one of these exemptions:

1. Employment loophole: The sale of your main home is because of a change in place of employment if your primary reason for the sale is a change in the location of employment of a qualified individual. The new place of employment has to be at least 50 miles farther from your home than the former place of employment was (or, if there was no former place of employment, the distance between your new place of employment and the home sold is at least 50 miles).

What is pretty interesting is that it can be just about any member of your household and also employment is also defined as Self-employed, interesting indeed.

2.Health Reasons Loophole: The sale of your main home is because of health if your primary reason for the sale is to obtain, provide, or facilitate the diagnosis, cure, mitigation, or treatment of disease, illness, or injury of a qualified individual. For purposes of this reason, a qualified individual includes, in addition to the individuals listed earlier, any of the following:

~Parent, grandparent, stepmother, stepfather.
~Child, grandchild, stepchild, adopted child.
~Brother, sister, stepbrother, stepsister, half brother, half sister.
~Mother-in-law, father-in-law, brother-in-law, sister-in-law, son-in-law, or daughter-in-law.
~Uncle, aunt, nephew, niece, or cousin.

3. Unforeseen circumstances Loopholes:The sale of your main home is because of a circumstance that is out of your control. If your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying your main home. There are a few interesting ones that I did not even know about:
~An involuntary conversion of your home.
~Natural or man-made disasters or acts of war or terrorism resulting in a casualty to your home, whether or not your loss is deductible.
~In the case of qualified individuals (listed earlier under Change in Place of Employment):
~Death
~Unemployment
~A change in employment or self-employment status that results in your inability to pay ~reasonable basic living expenses*
~Divorce
~Multiple births from one pregnancy.

Reasonable basic living expenses defined:

Amounts spent for food.
Amounts spent for clothing.
Housing and related expenses.
Medical expenses.
Transportation expenses.
Tax payments.
Court-ordered payments.
Expenses reasonably necessary to produce income.

www.irs.gov refferances:
Topic 701 - Sale of Your Home
Publication 523 (2005), Selling Your Home
Frequently Asked Tax Questions And Answers about capital gains
Other capital gains and losses
If you have a gain that is not excluded you must report it on Form 1040, Schedule D (PDF).
Other resorces:
A capital gains Tax calculator from www.for1031.com
More infomation

With highest Regards,

Brian Barringer
Real Estate Buyers Advocate

209-613-8945

800-894-7282

Technorati Tags:
housing, central valley, real estate, Barringer, Century 21, California, Lathrop, Buyers, stockton, california, condo conversion, UOP, Homeownership, buyers, Bachelor Pad, Brian Barringer, listing, capital gains, tax, loopholes, tax loopholes, excemptions, rules, 1031 tax exchange, investors

Made by Brian W. Barringer in 2010 for

http://www.tracyhomes.com/

New California Real Estate Laws for 2011

2010-10-05T16:10:00.000-07:00

A list of new laws that will take effect this year.

No Short Sale Deficiencies:

Starting January 1, 2011, a seller's first trust deed lender cannot obtain a deficiency judgment against the seller after a short sale. Providing written consent to a short sale shall obligate the first trust deed lender to accept the sales proceeds as full payment and discharge of the remaining amount owed on the loan. This law applies to first trust deeds secured by one-to-four residential units, but does not limit the lender from seeking damages for fraud or waste by the borrower. Senate Bill 931. Governor Schwarzenegger vetoed Senate Bill 1178, our sponsored bill, which would have extended California's anti-deficiency protection to refinance loans.

Energy Audit in Home Inspection Report:

Beginning January 1, 2011, a home inspection and inspection report may, upon a client's request, include an audit of the energy efficiency of a home, according to the standards of the Home Energy Rating Systems (HERS).

Assembly Bill 1809 and California Civil Code section 2079.10.

Restriction on Adverse Possession Claim:

Effective January 1, 2011, a claim for adverse possession requires, among other things, certified records of the county tax collector showing that all state, county, or municipal taxes have been timely paid for the five-year period the property has been occupied and claimed. Existing law merely requires proof that taxes have been paid for the five-year period, not certified proof of timely payments. Assembly Bill 1684.

Enforcement of MLO Requirements:

Effective January 1, 2011, anyone acting as a mortgage loan originator (MLO) without an MLO license endorsement will be guilty of a crime punishable by six months imprisonment, plus a $20,000 fine. Furthermore, a broker cannot employ or compensate a real estate licensee for MLO activities unless that licensee has a license endorsement. This law has also given the Department of Real Estate (DRE) the authority to deny or revoke a MLO license endorsement or take other action. This law also amends the MLO requirements for finance lenders and residential mortgage lenders under the Department of Corporation. Senate Bill 1137.

Post-Foreclosure Protection for Tenants:

Commencing January 1, 2011, a notice to terminate a residential tenant who remains after a foreclosure sale must generally include a statutory notice of the tenant's rights. This requirement, which sunsets on January 1, 2013, applies to an immediate successor-in-interest for one year after a foreclosure sale. Senate Bill 1149.

Tenant Protection for Domestic Violence Victims:

Starting January 1, 2011, a residential landlord cannot terminate or fail to renew a tenancy based on domestic violence against the tenant or tenant's household members as specified. This law applies if the person restrained from contact with the tenant by court order or named in a police report is not also a tenant of the same dwelling unit. Senate Bill 782.

Protections Against Real Estate Fraud:

Effective January 1, 2011, new laws protecting consumers from real estate fraud include, without limitation, the following:

(1) Expanding the foreclosure consultant law to include someone who performs a forensic audit of a residential mortgage loan (Assembly Bill 2325);

(2) Requiring any mailed solicitation that offers to provide a copy of an owner's grant deed or other title records for a fee to include a prominent statutory disclosure that the copy service is not associated with any governmental agency and that the homeowner can obtain such records from the county recorder (Assembly Bill 1373);

(3) Increasing the criminal punishment for renting out a residential dwelling without the owner's consent from six months imprisonment plus a $1,000 fine, to one year imprisonment, plus a $2,500 fine (Assembly Bill 1800).

Thats it for now!

Brian Barringer

Pre-approval with the bank who owns the home:

2010-10-05T10:48:00.000-07:00

Pre-approval with the bank who owns the home:
When making an offer on a REO home it is to your advantage to be pre-approved with the bank that owns the home. When making an offer on a home having a pre-approval letter from the bank who owns the home will increase your chances of beating a competing offer from a buyer with the same offer or even slightly higher without.

The problem with getting pre-approved once you see the house you like is that it takes time for the approval process, about 3-5 days average. So it is best to get cross qualified with a few of the different major banks in your area before hand. The advantage is that you will be able to get preference with any bank which you qualify with. Also you will be able to shop the different banks to get your best terms and rate. Since most of the listing are either Wells Fargo or Homesteps and Homepath, or fannie and freddie. I recommend to buyers to get qualified with all three. Most of the smaller banks also prefer to at least see a known institutional lender. I recommend starting with Wells Fargo, then go from there.

Pre-approved VS Pre-qualified:

What is the difference? Getting pre-qualified is the first step in the mortgage process. It involves supplying a lender with basic information regarding your debt, income and assets. From this information, lenders can get an idea of the mortgage amount for which you qualify, and it can usually be done at no cost.

Getting pre-approved is the next step. The process requires that you complete a mortgage application (and usually pay an application fee) and supply a lender with all the necessary documentation to check your financial background and credit rating. You will then be told the exact mortgage amount for which you are approved

Bank sellers only acceped pre-approval letters with offers.

Different websites which list homes by bank:

All of the different banks who sell homes as foreclosures have their own websites which list the homes they own. Below is a list of the different websites banks have set up to preview their homes. Its a good idea to check out what homes are available for the bank you are planning on doing business with.

-Wells Fargo

Freddie Mac (home steps)

http://www.homepath.com/

Fannie Mae Property Search (Homepath

-IndyMac Bank REO Search

-JP Morgan/Chase REO Search

Homes for sale by the US Government

USDA Homes For Sale

http://www.ocwen.com/

HUD Foreclosures

Brian Barringer.

October Podcast

2010-10-05T10:21:00.000-07:00

Click on the link below or above to hear this months Podcast. It has excellent tips on how to take advantage of this market.

http://www.talkrealty.com/billbarringer

California AG Land Rush of 2010?

2010-10-02T10:31:00.000-07:00

California Land Rush of 2010? 

Actually, that’s a land rush: Oklahoma, 1889

There has been a lot of news about the strong agricultural sales in California or around the world for that matter. The ag land has been holding its value and has been more stable then any other market. It makes sense too. Land is a finite commodity. It's something you can touch, feel, see, visit. And investors know its a safe bet that as long as there are more people in the world there is a need for more food as well as fuel.

Which is why in California, investors from other countries collectively boosted their holdings 2.5% from February 2007 to February 2009 to 1.08 million acres - about 5% of the state's total farmland. For example, Optima Fund Management, a New York fund, plans to acquire about 10,000 acres of Arizona farmland and California vineyards by year's end.

Why are they not investing in their own countries? Well I really dont know enough to say but my guess is cheaper land in other countries like Brazil and Africa, where profits can be maximized. But the stability of the government is very important to big investment funds as well.

New home builders are also buying land since April of this year in California and Arizonia we have seen a huge increase. David Smith From AHI blog predicts this is a indecator of the bottom of the market:

Foreclosures are an ultimate lagging indicator, and any damn fool can predict the past. When it comes to drops, my leading indicator is lawyers deciding to invest, and when it comes to rises, a very good leading indicator is the price of development land, as revealed in this Wall Street Journal article.

Why land is the leading indicator is easy to deduce: property takes time to develop, and land value is a residual; land is worth the net after cost, risk allowance, and profit. Further, because land produces no yield and has minimal holding costs, nearly all of its value is represented by the future residual expectation, making the price of development land volatile – hence a sensitive indicator that responds to marketplace flickers.

Investors seeing farmland as safer bet than stocks By P.J. Huffstutter, Los Angeles Times

In California, investors from countries including Spain, Switzerland, China, Egypt and Iran collectively boosted their holdings 2.5% from February 2007 to February 2009 to 1.08 million acres — about 5% of the state's total farmland.

Investors also understand that land is a finite commodity. The amount of arable land worldwide is dwindling, while the world’s population is forecast to jump to more than 9 billion by 2050 from 6.9 billion today. That has water-strapped countries eager to establish secure food supplies and bolster biofuel production. Fast-growing economies such as China are stepping up food imports to feed a burgeoning middle class.

"Could we see the '80s all over again? Absolutely," said agricultural economist Michael Swanson, of Wells Fargo's Agricultural Industries Group. "The combination of high crop prices and ultra-low interest rates has farmers bidding historically high prices. It will end very badly for some of them."

The market appears strong for Almond orchards. Check out what the Ag agents for Century 21 M&M are saying:
Agricultural Real Estate Sales Growing Stronger.

The price of open land often is determined by the availability of irrigation water. Titus said property in a water district is typically valued from $12,000 to $15,000. Property with a history of having good source of well water is priced from $3,500 to $6,500.

Looking into the local market:

In rural Tracy, there are 12 available lots listed under agricultural. The price range is 119K-6.6m. The average days on the market is 189. The Smallest lot available is a 4 acre lot on Larch road. The Largest is 1040 acres of farm land on Kasson rd. Its hard to tell the market in Tracy. In the last year there have been only 2 sales. One acre on lammers for 39K(seems like a good deal) and 147 acres for $1,661,000.

Click on this link to see all 12 properties. (the link will only be active for 30 days from this post)

So now might be the time to start considering selling the family farm property and wait for the wall street investor to come in and throw down the big money. Seems they are in the game now.

"I don't think so" 

Regards.

Brian Barringer

30-Yr. Mortgage Rate Nears 3.875%

2010-09-30T14:00:00.000-07:00

Mortgage-backed securities prices, which drive mortgage rates their opposite, posted gains Monday and Tuesday consecutively, pressuring mortgage rates to move downward again from already record low levels where they began the week.

30-year fixed mortgage rates, currently at 4% for well-qualified borrowers who pay 1 point origination, are very near 3.875%. 30-year fixed mortgage rates have never been below 4% before. 15-year fixed mortgage rates remain at 3.5% but could improve any hour as well.

FreeRateUpdate.com surveys over 2 dozen wholesale lenders' rate sheets for brokers daily to determine the most accurate mortgage rates available to highly qualified borrowers at a standard origination fee.

FHA loan rates continue to mirror conforming mortgage rates. Today's 30-year fixed DHA loan rate is also 4%; however, MI and other FHA closing fees make APR higher than that of a conforming mortgage at the same note rate and origination.

Jumbo mortgage rates are improved from last week and today's jumbo 30-year fixed loan rate is 4.875%, a record low.

Wells Fargo mortgage rates, as advertised on their website, are unchanged with 4.375% (4.559 APR) being their offering on a conventional 30-year fixed mortgage.

Mortgage refinance applications have been flat according to the MBA, who posts figures weekly, since spiking as rates slid into the low 4's.

School district primer and school zone maps!

2010-09-29T14:02:00.000-07:00

If you are planning on buying in Tracy then this post is packed with information. When buying a home it is smart to get familiar with the different school zones for obvious reasons. Below is a link to three maps. One for elementary schools, one for middle and one for high school zones. Print these maps out and use them as a reference when you are looking at the homes. Below you will also find a link to www.greatschools.org which has ratings for each school.

Its important to note there are 3 elementary school districts in Tracy. Each are listed below.

Brian Barringer
Buyers Agent

Maps from http://www.tracy.k12.ca.us/

Click here for a TUSD Elementary Schools Boundaries Map

Click here for a TUSD Middle Schools Boundaries Map

Click here for a TUSD High Schools Boundaries Map

Find the API ratings at http://www.greatschools.org/.
--------------------------------------------------------------------------------
2010 TRACY JOINT UNIFIED

SCHOOL: API
Elementary Schools:
Art Freiler: 826
Louis A. Bohn Elementary: 820
Hirsch Elementary: 812
George Kelly Elementary: 806
Louis J. Villalovoz Elementary: 785
Jacobson Elementary: 771
Gladys Poet-Christian Elementary: 768
South Elementary: 761
McKinley Elementary: 761
Central Elementary: 732
North Elementary: 670

Middle Schools:
Discovery Charter: 818
Monte Vista Middle: 748
Williams Middle: 743

High Schools:
John C. Kimball High 796
Tracy High 754
Millennium Charter 734
Merrill F. West High 719

--------------------------------------------------------------------------------
JEFFERSON ELEMENTARY:

SCHOOL: API
Elementary Schools
Anthony C. Traina Elementary 842
Monticello Elementary 828
Tom Hawkins Elementary 837

All schools in Jefferson are K-8. They go to highschool at Tracy High or Kimball depending on where they are located.
--------------------------------------------------------------------------------
LAMMERSVILLE ELEMENTARY:

SCHOOL: API
Elementary Schools
Bethany Elementary 879
Lammersville Elementary 842
Wicklund Elementary 857

All kids then go to Kimball High. These schools are in MoHo(mountian house) except for Lammersville.

High and low!

2010-09-28T11:38:00.000-07:00

The lowest and highest priced listings on the market in Tracy today....

Cheapest: $70,000 (LP)

Holly Dr, Tracy, CA 95376

This one is an alley house, located off of Holly. It is a foreclosure owned by Merrill Lynch. The house was bought in 2004 for 195K. Then the owner eventually refinanced the house with a loan of 297K. Decent price considering you could rent this for around $750/mo. No Central heat and air. The previous listing indicates there have been upgrades made to the kitchen and bathroom. Currently been on the market about 90 days total.

Beds: 2

Baths: 1

Sq Ft: 836

Lot Sz: 0.150ac*

Yr: 1948*

Price/SqFt: 83.73

DOM/CDOM: 6/84

Highest Price: Waterwell Way, Tracy, CA

$1,300,000 (LP)

This is a custom home in Fair Oaks estates and a straight sale. Listed 48 days ago. This house is nice but a little high considering 8738 Waterwell Way, which is listed at 799K and around the same age and size.

Beds: 4 Baths: 4

Sq Ft: 4327

Lot Sz: 1.140ac*

Yr: 2007*

Price/SqFt: 300.44

DOM/CDOM: 48/48

Attention builders! Also what is interesting is there is a 1.23 acre lot for sale in the Fair Oaks subdivision for $152,500 owned by Bank of America.

Regards,

Brian Barringer.

New Short Sale Bill in Congress!!!! YEA!

2010-09-28T11:31:00.000-07:00

U.S. Representative Robert Andrews and Tom Rooney offered up new legislation to Congress last week. H.R. 6133, “Prompt Decision for Qualification of Short Sale Act of 2010,” is an effort from the Congress to help keep possible buyers from walking away from short sales, simply because lenders take months to respond to their offers.

The National Association of REALTORS are strong supporters of the bill. Their President, Vickie Cox Golder said “The short sale, which required lender approval, is an important instrument for home owners who owe more than their home is worth. While the lending community has worked to improve the size and training of their short sales staffs, they still have a long way to go on improving response times.”

And in a sticky financial situation such as a short sale, where time really counts, this bill comes as welcome news to many homeowners and buyers.

This legislation aims to “require” the lender or servicer of a home mortgage, upon a request by the homeowner for a short sale, to make a prompt decision whether to allow the sale.” (Library of Congress)

In this bill the terms “short sale” means the sale of the dwelling or residential real property that is subject to the mortgage, deed or trust, or other security interest that secures a residential mortgage loan that:

Will result in proceeds in an amount that is less than the remaining amount due under the mortgage loan; and
Requires authorization by the securitization vehicle or other investment vehicle or holder of the mortgage loan, or the servicer acting on behalf of such a vehicle or holder.

Ms. Golder continues, “Unfortunately, homeowners who need to execute a short sale are severely hampered because lenders (loan servicers) are unable to decide whether to approve a short sale within a reasonable amount of time. Potential homebuyers are walking away from purchasing short sale property because the lender has taken many months and still not responded to their request for an approval of a proposed short sale price. Many consumers have mentioned that the delay in short sale price approval exceeds 90 days, and in many cases never arrives.” I can tell you here in the Tracy California area this will really help our real estate market here.

Hopefully, if this bill passes into law, homeowners will find relief from their mortgage woes, and will be able to sell their home without having to be foreclosed upon. I cannot begin to tell you how hard the Banks are to work with. Sometimes maybe 1 out of 25 you get a bank Short Sale Department that responds in a timely manner. I feel they just could care less of the situation our country is in right now. They’re taking the position of why should we hire more people so we can lose money quicker.

2038 Sandpebble St., Weston Ranch, CA

2010-09-24T12:17:00.000-07:00

New Listing!

2038 Sandpebble Street

Take a look at the photos through a tour view!

http://movinghometour.com/c21mm/?TourID=1132057&brand=0

This is a very well cared for home featuring formal Living & Dining, large family room (fireplace does not stay)and spacious kitchen w/island. Back yard great for entertaining w/fountain and table that stays. All bedrooms upstairs with large loft area perfect for game room, office. Master with bath featuring walk in closet lined with cedar, sep tub & shower. Side access possible.

17111 Pacific Oak Ln., Lathrop, California

2010-09-23T10:20:00.000-07:00

New Listing!

17111 Pacific Oak Ln.

Check out the photos through a slideshow!
http://view.guidedtour.tv/c21mm_CAMLMLS_10073870

Nice home to start in. Well maintained with living room, large kitchen w/breakfast bar and dining area. All 4 bedrooms are upstairs with large master. Walk in closet and large bath with separate tub & shower. Nicely located on cul-de-sac in HOA community. Back yard ready for your imagnation.Fridge, washer & drier stay.

107 E. Whittier Ave., Tracy, California

2010-09-22T14:02:00.000-07:00

New Listing!

107 E. Whittier Ave.

Don't forget to take a look at the tour slideshow!
http://view.guidedtour.tv/c21mm_CAMLMLS_10074538

Very nicely maintained. Will be a great place to start or as investment. There are 3 bedrooms and 2 baths in this updated and expanded single story. Family room and bath added in 1993 with permits. Garage converted to dining room. Laminate floors through out living to family room. Above ground pool with deck in back yard. Nice kitchen with breakfast bar and open to a large family room featuring wood burning stove. New roof in 1993. Central Heat & air.

OPEN HOUSE SAT & SUN SEPT. 25 & 26 FROM 1:00 TO 4:00.

2010-09-17T13:51:00.000-07:00

A long time ago, I worked at Safeway as a bag boy (or courtesy clerk as they prefer to be called). I was lucky enough to work with Ray Costa for two years when I was 16. I always looked up to him for his steady hard work and ethics. He is a very smart, hard working guy and funny. Next time you go to Safeway say hi to Ray! Good job tracypress for doing this article.....

Read more: Tracy Press - Tracing Tracy Territory Clerk not checking out

- Brian Barringer

First Time Buyer Tips

2010-09-17T11:45:00.000-07:00

As a first-time buyer, you have a lot of questions. There is a terminology you don't understand. And there are expenses you need to anticipate. Here are some explanations of just that, to help you on your way to homeownership.

First, what costs should you expect? After you have become "pre-approved" for a mortgage, you will know how much you can spend (aka your "budget"). Pre-approval is done by the bank or lender who will be writing your mortgage. It is accessed by your: credit history, assets, employment history, and financial status. And it guarantees you a loan.

Being pre-approved can quicken the time it takes to close, as well as give you an advantage over buyers who are not pre-approved, should a home garner multiple offers.

Next, figure out how much money you'll need to put down. Are you looking at an FHA loan with a 3.5 percent down? Or are you planning on putting 15 to 20 percent down? Financial expert Suze Orman recommends that in today's troubled market, you put at least 20% down on a house.

Closing costs are what are pain, well, at closing. You should expect to pay for an appraisal, title services, title insurance, transfer taxes, inspections, loan origination, private mortgage insurance, and homeowners insurance, among a host of other charges. The average closing costs are paid, yes, by the buyer. And they average around 2 to 4 percent of the total purchase price of the home. You can, of course, negotiate payment of closing costs with the seller. This is especially true in a market which favors buyers.

What is mortgage insurance? Mortgage insurance, also known as private mortgage insurance (PMI), protects your lender, should you default on your loan. And it can be required when you have made only a small down payment. It costs around 1% of the total loan. According to the Federal Reserve Bank of San Francisco, "Under [The Homeowner's Protection Act of 1998], mortgage lenders servicers must automatically cancel PMI coverage on most loans, once you pay down your mortgage to 78 percent of the value if you are current on your loan."

What is escrow? With a purchase as large as this, it is important that one party doesn't run off with all the funds! This is where an escrow account comes into play. All necessary and agreed upon funds are put into a third party account. When all terms have been met, then the funds are released to the appropriate parties.

What is an offer? When you have found a home you like, you'll discuss with your agent what a reasonable price pay is. This will more than likely be less than the price the seller is asking. And it will be based on the condition of the home, the price of home's in the neighborhood, as well as current market conditions. Remember, your offer is the price you are willing to pay for the property. You have signed the offer and, if accepted, you will be expected to follow through with the purchase of this home!

What are property taxes? Welcome to home ownership! Property taxes are paid each year to your local government at the county level. Some areas of the country charge much higher taxes than others, and the price is a percentage of the value of your property. That means that more expensive the house, the more expensive the taxes.

As a first-time buyer it is highly recommended you work with the Barringer Team. They not only can answer any questions you may have, but their wealth of knowledge and experience will help guide you in a positive direction for this important transaction.

My brother was 1st on scene for the San Bruno fire

2010-09-15T10:56:00.000-07:00

My little brother Charlie Barringer, fire Capt for San Bruno Fire, was the first engine on the scene of the Fire scene, I am sure you have all heard about. Charlie was the shift commander that night at the skyline station which is about 2 blocks from the location of the Gas explosion. Charlie is in the middle of the very last picture. I am very proud of him as I always have been. They arrived on the scene and the explosion blew the water main so there was no water. He radioed the other responders to hook up at hydrants in neighborhoods that were about a mile away which really helped get water to the scene quicker and allow them to save a lot of homes and lives.

Kudos to you little bother. Job well done!

Big Bother Bill

Charlie Barringer's Engine is 52, Command 32. He was 1st on scene.

http://abclocal.go.com/kgo/story?section=news/iteam&id=7666146

Buyer Tips in a Seller's Market

2010-09-14T09:41:00.000-07:00

Our Market inventory continues to be low and creates a seller’s market here in the Tracy area. Below I have given a few tips to help buyers in a seller’s Market. If you would like to meet with us to learn about our Exclusive “ BUYER ADVANTAGE PROGRAM” just call us at 209-833-7777 or e-mail us at tiger@bpbarringer.com to schedule an appointment.

Regards,
Bill Barringer
Real Estate Broker
Century 21 M&M

BUYER TIP’S IN A SELLER’S MARKET

1. Pre-approval: Be sure to start your home buying process by getting pre-approved for a mortgage. This will prove to your potential seller that you are ready, willing, and able to buy their home. A pre-approval will also give you an exact number of how much money you can borrow, and thus spend.

2. Be ready to buy: There can be no hesitation during a seller’s market. There will be other buyers waiting to to grab up the same deal you just found. If the numbers work out in your favor for a home you like, then be ready to put in a strong offer.

3. Know your budget: You may be approved for a loan of up to $300,000, but you only want to spend $250,000 as your max. Be sure to know ahead of time what your budget really is.

4. Make a strong offer: In a seller’s market, homes can expect to receive nearly if not all of their asking price. And in many cases, you may even find a home sells for more than the asking price. So, in order to make both a good impression on the seller so they take your interest seriously, as well as to beat out the competition, be sure to present a strong first offer.
5. Be willing to negotiate terms: This means if a seller needs 60 days until closing, do what you can to accommodate them. Or maybe they are unwilling to make a repair before you move in, but are willing to pay you the repair costs instead. Be willing to work with a seller, if it means getting the home you desire.

These simple tips can make a big difference when it comes to buying in a seller’s market.

What's Happening in Tracy

2010-09-10T14:51:00.001-07:00

TODAY, SEPT. 10

Eid-ul-Fitr prayers

WHEN: 8 a.m., pending the new moon

WHERE: Veterans Park, 238 Glenhaven Drive

DETAILS: Muslims in Tracy will mark the end of the holy month of Ramadan with prayers, dependent on the sighting of the new moon Thursday night, Sept. 9. If the new moon was not seen Thursday, prayers will begin instead at 8 a.m. Saturday, Sept. 11, at Traina Elementary School, 4256 Windsong Drive.

INFO: Mohammad N. Arain, Tracy Islamic Center president, 408-207-8495

Diabetes support group

WHEN: Noon, second Friday of each month

WHERE: Healthy Connections, 35 E. 10th St.

DETAILS: Meet other people with diabetes and an educator in a relaxed environment to share and learn about coping with the disease.

COST: Free

INFO: 832-3432

RV monthly campout

WHEN: Through Sept. 12

WHERE: Gold Stone RV Park, in San Andreas

DETAILS: Join Big Valley Sam's RV Club for its monthly RV campout, with activities and a potluck dinner Saturday night and lots of sightseeing in the foothills.

COST: Nightly camp fees

INFO: Ernie Reece, 239-2296

SATURDAY, SEPT. 11

2010 Bean Run

WHEN: 8 a.m.; same-day registration, 6 a.m. at City Hall

WHERE: Starts in downtown Tracy; ends at Lincoln Park

DETAILS: This 5- or 10-kilometer run includes awards for first- through third-place finishers in each age group, a T-shirt and refreshments after the race.

COST: $20 pre-registration; $25 day of race

INFO: Tracy Chamber of Commerce, 835-2131 or www.tracychamber.org; or www.active.com

Tracy Dry Bean Festival

WHEN: 10 a.m. to 7 p.m.

WHERE: Downtown Tracy

DETAILS: The annual celebration of local legumes will feature a children's craft area, games and vendors, four stages of entertainment and an expansive Bean Town pavilion with tastings and beans for purchase.

INFO: 835-2131 or www.tracybeanfestival.com

Bean festival car show

WHEN: During the Tracy Dry Bean Festival

WHERE: 10th Street in downtown Tracy

DETAILS: The Tracy Chamber of Commerce invites owners of classic cars, hot rods, motorcycles and low riders to sign up for a show that will add some shine to the Tracy Dry Bean Festival. Register to join the day in the sun through the Tracy Chamber, 223 E. 10th St., Tracy CA 95376; or at East and 10th streets the day of the festival.

COST: $30

Anniversary weekend at the Grand

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: The downtown arts center will celebrate its fourth anniversary with a show by comedian John Heffron, art activities and demonstrations, an open house and tours.

INFO: www.atthegrand.org or 831-6858

Historical exhibit opens

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: In collaboration with the community, the Grand galleries will display photographs, objects and memorabilia from Tracy's history in a Centennial Celebration Historical Exhibition.

INFO: William Wilson, 831-6278 or william.wilson@ci.tracy.ca.us

Laura Scudders picnic

WHEN: Noon

WHERE: Lincoln Park, Eaton Avenue and Holly Drive

DETAILS: Former employees of the local Laura Scudders plant are invited to a potluck picnic. Raffle tickets will be sold.

COST: Free

INFO: Gloria, 836-1104; Bonnie, 835-1860; or Joyce, 836-3086

Hearts of Harvest

WHEN: 5:30 p.m.

WHERE: Mount Oso Vineyards - call 914-0475 for more details

DETAILS: Children with heart disease will benefit from this wine tasting, dinner and auction fundraiser. Founded by local parents of a child with heart disease, Hearts of Harvest has been helping area families deal with their children's illnesses for the past seven years.

INFO: www.heartsofharvest.org

John Heffron Live at the Grand

WHEN: 8 to 10 p.m.

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: This adults-only (18-and-older) show will feature John Heffron, winner of "Last Comic Standing." His online radio show, "Class Clown," can be found at www.nowlive.com.

COST: $25 to $65

INFO: www.atthegrand.org or 831-6858

Sunday, Sept. 12

WHEN: 10 a.m. to 7 p.m.

WHERE: Downtown Tracy

DETAILS: The annual celebration of local legumes will feature a children's craft area, games and vendors, four stages of entertainment and an expansive Bean Town Pavilion with tastings and beans for purchase.

INFO: 835-2131 or www.tracybeanfestival.com

Bean festival chili cook-off

WHEN: 8 a.m. to 1:30 p.m.

WHERE: Central Avenue, between Ninth and 10th streets

DETAILS: Contestants will cook up pots of chili including beans provided by the festival. Prizes will be awarded at 2 p.m., and spectators can sample the chili after judging. Complete rules can be found online.

INFO: 835-2131 or www.tracybeanfestival.com

Monday, Sept. 13

WHEN: 9:30 to 11:30 a.m.

WHERE: Human Services Agency, 102 S. San Joaquin St., in Stockton

DETAILS: This is an orientation and informational meeting for prospective foster parents to be licensed by the San Joaquin County Human Services Agency.

INFO: 465-5437 or www.sjgov.org/hsa/

Grandparents Day ice cream social

WHEN: 1:30 to 3 p.m.

WHERE: Lolly Hansen Senior Center, 375 E. Ninth St.

DETAILS: Frozen treats and activities will highlight this gathering to celebrate being a grandparent. Grandchildren are invited to take part.

COST: Free

INFO: 831-4230

Banta 4-H Club enrollment meeting

WHEN: 7 p.m.

WHERE: Banta Elementary School gymnasium, 22345 El Rancho Road

INFO: Natalie, 481-9336

Tuesday, Sept. 14

WHEN: 8 to 10 a.m.; second Tuesday of each month (locations vary)

WHERE: Benham Accounting, 68 E. 11th St., Ste. 101

DETAILS: Chamber members and guests are invited to network over a light breakfast.

INFO: Sofia, 835-2131

Diabetes support group

WHEN: 9 a.m., second Tuesday of each month

WHERE: Healthy Connections, 35 E. 10th St.

DETAILS: Meet other people with diabetes along with an educator in a relaxed environment to share and learn about coping with the disease.

COST: Free

INFO: 832-3432

United Way kick-off

WHEN: 11:30 a.m. to 1 p.m.

WHERE: Alex G. Spanos Center, University of the Pacific, 3061 Pacific Ave., in Stockton

DETAILS: This buffet lunch will help the San Joaquin County chapter of the United Way start the fundraising effort for its community impact fund, which each year helps charities all over the county.

COST: $25 a person, $300 a table

INFO: 320-6206 or dng@unitedwaysjc.org

Congressional candidate speaks

WHEN: 6 p.m.

WHERE: Chez Shari Restaurant, 305 N. Union Road, in Manteca

DETAILS: David Harmer, a Republican who is challenging Democrat Rep. Jerry McNerney for the 11th Congressional District seat, will speak along with Mike Berryhill, a GOP-er running in the 18th District. The event is sponsored by the South San Joaquin County Republicans.

COST: Free to attend

INFO: Frank Aquila, 825-0123

Wednesday, Sept. 15

WHEN: 9 to 6 p.m. Oct. 23

WHERE: St. Paul's Lutheran Church, 1635 Chester Drive

DETAILS: Crafters and vendors are needed for this year's Octoberfest. Ten-dollar discounts on booth space are available for reservations made by this day.

COST: $30 to $40 (with discount)

INFO: Vi Kramer, 833-7389 or 629-0409

Family caregiver education

WHEN: 11 a.m. to 12:30 p.m.

WHERE: Lolly Hansen Senior Center, 375 E. Ninth St.

DETAILS: Those who care for aging parents or other relatives are invited to share questions and learn more about how to handle the challenges and responsibilities. Today's topic is Medicare 101.

COST: Free

Meeting for prospective foster parents

WHEN: 4 to 6 p.m.

WHERE: Cesar Chavez Central Library, Stewart-Hazelton Room, 605 N. El Dorado St., in Stockton

DETAILS: This is an orientation and informational meeting for prospective foster parents to be licensed by the San Joaquin County Human Services Agency.

INFO: 465-5437 or www.sjgov.org/hsa/

Thursday, Sept. 16

WHEN: 8:30 a.m. until food runs out

WHERE: Larch Clover Community Center, 11157 W. Larch Road

DETAILS: Low-income people living in zip codes 95304, 95376, 95377 and 95351 can pick up free government-surplus food with proof of address, identification and a paper grocery bag. Household income must not exceed $1,354 for one person, $1,821 for two, $2,289 for three, $2,756 for four, $3,224 for five and $3,691 for six.

INFO: San Joaquin County Commodity Program, 468-3679

Diabetes support group

WHEN: 6 p.m., third Thursday of each month

WHERE: Healthy Connections, 35 E. 10th St.

DETAILS: Meet other people with diabetes along with an educator in a relaxed environment to share and learn about coping with the disease.

COST: Free

INFO: 832-3432

Friday, Sept. 17

WHEN: 5 to 10 p.m.; continues 12:30 to 10 p.m. Saturday and Sunday

WHERE: St. Bernard's church grounds, 163 W. Eaton Ave.; and Holy Family Center, 12100 W. Valpico Road

DETAILS: Free entertainment, silent auctions, games for children and adults, foods of all types, a family dinner and bingo will be on tap during this annual celebration. A live auction and dinner at the Holy Family Center will begin at 12:30 p.m. Saturday

COST: Free admission; dinner-auction reservations, $50

INFO: 835-4560

Saturday, Sept. 18

WHEN: 9 a.m. to 2 p.m.

WHERE: Corral Hollow Realty World parking lot, near Ninth and B streets downtown

DETAILS: A sale of donated goods will help the Coalition of Tracy Citizens to Assist the Homeless continue its efforts to feed, clothe and house local individuals and families in need. Donations of usable items can be dropped off between 6 and 8 p.m. Friday, Sept. 17, and from 6 to 8 a.m. the day of the sale.

INFO: Marvin Rothschild, 914-5242

Celebrate Mexican independence

WHEN: 11 a.m. to 6 p.m.

WHERE: MacDonald Park, at Central Avenue and First Street

DETAILS: Music, food, arts and crafts, a car show and handball tournament will be on tap during the Southside Community Organization's celebration of Mexico's 200th anniversary of independence from Spanish rule. The day is also a fundraiser for the Guadalupe Community Center building fund.

INFO: 836-9687

Children's Dance Showcase

WHEN: 7 p.m.

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: Dance students will perform favorite acts from past years.

INFO: www.atthegrand.org or 831-6858

Sunday, Sept. 19

Train show ends

WHEN: 11 a.m. to 4 p.m.

WHERE: Tracy Historical Museum, 1141 Adam St.

DETAILS: Last day of the European Train Enthusiasts' model train display, which began Sept. 4

COST: Free

INFO: 832-7278

Republican scholarship fundraiser

WHEN: 3 p.m.

WHERE: The home of Debbie Elliott

DETAILS: The Tracy Republican Women's Club will host an annual scholarship fundraiser, which raises money to help college-bound women of all political stripes attend school. The afternoon will include wine tasting.

INFO: For cost and details, 835-1263 or 835-8222

Monday, Sept. 20

First day of Griefshare class

WHEN: 6:30 to 8 p.m. Mondays

WHERE: Calvary Chapel Tracy, 500 N. Corral Hollow Road

DETAILS: This class is designed for those who have lost a friend or relative.

COST: Free

INFO: 839-8099 or www.calvarytracy.org

Wednesday, Sept. 22

WHEN: 4 to 6:30 p.m.

WHERE: Lolly Hansen Senior Center, 375 E. Ninth St.

DETAILS: Men and women age 55 and older are invited to dress up and take a friend for an evening of dancing and fun. Music and snacks will set the mood.

COST: $5

INFO: 831-4230

Friday, Sept. 24

WHEN: 4 p.m. Oct. 1 through 8 a.m. Oct. 2

WHERE: St. Bernard's Catholic School, 163 W. Eaton Ave.

DETAILS: For this annual fundraiser, more than 300 girls and boys will camp out in decorated cardboard boxes with a goal of raising $30,000 in donations for Tracy's McHenry House Family Shelter. Participants can sign up using a form available on the Kids in a Box website; space is limited to the first 350. Forms should be returned to the St. Bernard's office, 163 W. Eaton Ave., between 8 and 5 p.m. Monday through Friday or to the McHenry House office at 739 A St.

COST: Each participant must raise at least $50 in donations.

INFO: McHenry House Family Shelter, 835-2328; or kibtracy@gmail.com

Taste of Tracy

WHEN: 6 to 8 p.m.

WHERE: Civic Center Plaza

DETAILS: Local restaurants will serve samples of their cuisine, wineries will pour and Spanish Nights will provide live music.

COST: $10 for seven food and three wine tastings

INFO: 831-6858

Main Street Jazz Presents

WHEN: 8 p.m.

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: The Grand lobbies will be transformed into a jazz nightclub as nu-class jazz band Panthelion, with Tracy's Jeff Bordes, performs. Hors d'oeuvres and drinks will be available.

INFO: www.atthegrand.org or 831-6858

Saturday, Sept. 25

WHEN: 9:30 a.m.; registration from 8 to 9:30 a.m.

WHERE: Begins and ends at Starbucks Coffee, 1857 W. 11th St.

DETAILS: This eighth annual walk will benefit the Women's Center of San Joaquin County.

COST: $10 to register

INFO: www.womenscentersjc.org or 941-2611

Citywide garage sale

WHEN: 8 a.m. to noon

WHERE: Throughout Tracy's east side

DETAILS: Households east of Tracy Boulevard will host garage and yard sales during this citywide event sponsored by the public works department.

INFO: 831-4331

Tracy High Class of 1990 reunion

WHEN: 6 p.m.

WHERE: Windmill Ridge Winery, 8350 W. Linne Road

DETAILS: The 20th reunion of the Tracy High School Class of 1990 is on tap. Join fellow Bulldogs for a cocktail hour, dinner, dancing and lots of story-sharing. Dinner and nonalcoholic beverages are included in the cost of the reunion, and there will be a no-host bar for alcohol. Visit www.tracyhigh1990.myevent.com for details.

INFO: thsclassof90@yahoo.com

Sunday, Sept. 26

DETAILS: Turn clocks back one hour at 2 a.m. or before bedtime Saturday, Sept. 25.

Tracy Hills Wine & Music Festival

WHEN: Noon to 5 p.m.

WHERE: La Bonne Vie Cellars, 29181 S. Lehman Road; Ramon Rios Winery, 8458 W. Linne Road; and Windmill Ridge Winery, 8350 W. Linne Road

DETAILS: The three wineries of the Tracy Hills Growers and Vintners Association will host their third annual day of wine tasting, music and food.

COST: Free entry; event glasses, $20 to 25

INFO: www.labonneviecellars.com, rrwinery.com or windmillridgewinery.com

Thursday, Sept. 30

WHEN: Through Oct. 3

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: Blanche DuBois, an aging Southern debutante, arrives at her sister Stella's home in New Orleans hoping to start a new life after losing her ancestral mansion, her job and her reputation.

COST: $15

INFO: www.atthegrand.org or 831-6858

Hair Illusions cutathon

WHEN: 9 a.m. to 5 p.m.

WHERE: Hair Illusions, 1015 Central Ave.

DETAILS: All proceeds will go to the City of Hope cancer foundation.

COST: Minimum donation of $25 for cut and blow-dry

INFO: Rosa Cisneroz, 836-1020

Friday, Oct. 1

WHEN: 1 to 3 p.m.

WHERE: Lolly Hansen Senior Center, 375 E. Ninth St.

DETAILS: Dress Barn has teamed up with Lolly Hansen Senior Center for a showcase of the coming season's fashions. Vendors will offer beauty and fashion wares.

COST: Free

INFO: 831-4230

Kids in a Box

WHEN: 4 p.m. Friday through 8 a.m. Saturday

WHERE: St. Bernard's Catholic School, 163 W. Eaton Ave.

DETAILS: For this annual fundraiser, more than 300 girls and boys will camp out in decorated cardboard boxes with a goal of raising $30,000 in donations for Tracy's McHenry House Family Shelter.

COST: Each participant must raise at least $50.

INFO: McHenry House Family Shelter, 835-2328; www.tracykib.com; or kibtracy@gmail.com

Saturday, Oct. 2

WHEN: Noon to 8 p.m.

WHERE: The Reserve at Spanos Park, 6301 W. Eight Mile Road, in Stockton

DETAILS: The Tracy African American Association will host its annual Wayne Nelson Academic Scholarship Golf Tournament fundraiser. The group has awarded more than $62,000 in college scholarships to date. Entry fee includes lunch, dinner, cart and greens fees, trophies and prizes.

COST: $139 per golfer; $40 dinner only

INFO: Registration, James Atkins, 610-3515; sponsorship, Nate Terry, 601-6311; or www.taaa.net

Sunday, Oct. 3

WHERE: Oakland Coliseum, Oakland

DETAILS: U Need 2, a Tracy-based nonprofit that helps give kids computer and technical skills for the future, will take kids on a trip to see the Oakland Raiders play the Houston Texans. Tickets are discounted, and a portion of the ticket sales goes to help the nonprofit. U Need 2 also sells tickets as a fundraiser to all other Raiders home games. For ticket cost and a meet-up time, visit the group's website.

INFO: www.uneed2.org

Saturday, Oct. 9

WHEN: 9 a.m. to 1 p.m.

WHERE: Boyd Service Center, 520 Tracy Blvd., Gate 1

DETAILS: Residents and businesses can drop off unwanted electronics, used household batteries and light bulbs, cardboard and Styrofoam (No. 6 only). A complete list of restrictions can be found online. Sponsored by the city of Tracy and San Joaquin County.

COST: Free

INFO: Public works, 831-4420; or www.ci.tracy.ca.us/modules/news/article.php?storyid=407

Boys and Girls Clubs dinner-auction

WHEN: TBA

WHERE: Scarlata Farms, 28557 S. Lehman Road

DETAILS: Gourmet food and wine will be paired with silent and live auctions at a Tracy vineyard to support the Boys and Girls Clubs of Tracy.

COST: $65; $500 for a table of eight

INFO: 832-2582

‘Come Together' Beatles tribute concert

WHEN: 8 p.m.

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: This multimedia touring show combines nearly three-dozen Beatles hits, recreating the look and sound of the Fab Four.

COST: $28 to $38

INFO: www.atthegrand.org or 831-6858

Friday, Oct. 10

WHEN: 11 a.m. to 12:30 p.m.

WHERE: Lolly Hansen Senior Center, 375 E. Ninth St.

DETAILS: Those who care for aging parents or other relatives are invited to share questions and learn more about how to handle the challenges and responsibilities. Today's topic is planning ahead for a health crisis

COST: Free

Friday, Oct. 15

WHEN: Through Oct. 17

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: This favorite musical will thrill audiences of all ages with timeless songs and classic characters.

COST: $18

INFO: www.atthegrand.org or 831-6858

Saturday, Oct. 16

WHEN: 4 to 10 p.m.

WHERE: Ramon Rios Vineyard & Winery, 8458 W. Linne Road

DETAILS: Wine tasting, fine dining, live reggae music and a silent auction will star at this fundraiser to help people in Nigeria who lack safe, clean water. Sponsored by Chichi Console International, proceeds will benefit Project Rescue: A Clean Water and Sanitation Project.

COST: $30

INFO: Chichi Jack, chichiconsoleinc@yahoo.com; 485-2820; or projectrescue.eventbrite.com/

Saturday, Oct. 23

WHERE: Traina School, 4256 Windsong Drive

DETAILS: The festival is accepting applications for vendors for its upcoming Around the World multicultural celebration. Organizers still seek volunteers to help out, as well as food, craft, small-business and entertainment vendors.

INFO: Morgan Malsack, 207-8653; Sue Bosch, 814-2027; or trainafestival@gmail.com

Praise dance concert at the Grand

WHEN: 2:30 to 5:30 p.m.

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: "The Spirit of Excellence" is the second praise dance concert presented by Adoration Praise Dance Ministries of Stockton. Tickets are available online at www.atthegrand.org or at the Grand Theatre box office downtown.

COST: $10; free for children age 8 and younger

INFO: 478-1450, 510-472-0074 or adorationdanceministries@yahoo.com

Monday, Oct. 25

WHEN: 2 to 5 p.m.

WHERE: Council chambers, City Hall, 333 Civic Center Plaza

DETAILS: The city will host its seventh Teen Legislative Day, with discussions of politics and issues that concern teenagers. Some teachers may offer extra credit for attendance; check in advance. Snacks will be provided.

COST: Free

INFO: stareg.ci.tracy.ca.us/

Wednesday, Oct. 27

WHEN: 7 p.m. nightly through Oct. 31

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: The 1923 theater and old jail will be transformed into a spooky haunted house.

COST: $8

INFO: www.atthegrand.org or 831-6858

Friday, Oct. 29

WHEN: 6:30 to 9:30 p.m.

WHERE: West 10th Street and Central Avenue

DETAILS: Downtown businesses will pour wine and food pairings will be offered during this adults-only evening, sponsored by the Tracy City Center Association. Participants are invited to wear costumes and masquerade attire.

COST: $25 presale, $30 day of stroll

INFO: www.tracywinestroll.com

Masquerade after-party

WHEN: 9 p.m. to midnight

WHERE: Grand Theatre Center for the Arts, 715 Central Ave.

DETAILS: Adults age 21 and older are invited for music, food, drinks and a visit to the Grand's first haunted house.

COST: $8 with a wine stroll glass

INFO: www.tracywinestroll.com; www.atthegrand.org or 831-6858

Saturday, Oct. 30

WHEN: 5:30 p.m.

WHERE: Portuguese Hall, 430 W. Ninth St.

DETAILS: The Tracy Educational Excellence Foundation presents its second murder-mystery dinner party as a fundraiser for the group, which gives grants to enhance local education. This year's party is a 1930s mafia intrigue, in which diners must help solve the speakeasy mystery.

COST: $35 per person, $65 per couple, $300 for reserved table of eight, or $500 for a VIP sponsorship table

INFO: 830-3230 or tracyeducationalexcellence@gmail.com

ONGOING

DETAILS: Center of Hope needs gifts of food and money to keep its food pantry doors open. Money or food can be dropped off or sent to 2514 Holly Drive, Tracy, CA 95376, and all donations are tax-deductible.

INFO: 835-1682

Vendors needed for multicultural fair

DETAILS: Traina School is accepting applications for vendors for the upcoming Traina Around the World Multicultural Event on Oct. 23. Organizers seek food and craft sellers, small businesses and entertainment troupes for this upcoming fundraiser.

INFO: Morgan Malsack, 207-8653 or trainafestival@gmail.com

Free clothing available

DETAILS: The Because of Marcus clothing drive has clothes and shoes for those in need. Garments are available at no cost in most styles and virtually all sizes, from newborns through adults. Those interested can call or e-mail to set up a time and place to peruse and pick up items. More information can be found online at www.becauseofmarcus.org and http://tracypress.com/bookmark/4785285.

INFO: Jennifer Spikes, 627-0207 or jennifer@becauseofmarcus.com

Vendors needed for Oktoberfest

DETAILS: Crafters and vendors are wanted for the 2010 Oktoberfest at St. Paul's Lutheran Church.

INFO: Vi, 833-7389

Delta College workshops

WHEN: Thursdays through Dec. 9 (excluding holidays), 11 a.m.

WHERE: DeRicco Services Building, Room 151

DETAILS: Delta College will host informational workshops for prospective students that will go over college procedures and resources, as well as answer questions about campus programs and services.

COST: Free

INFO: Marie Williams, 954-5151, ext. 6135, or outreach@deltacollege.edu; or www.deltacollege.edu/dept/outreach/

Library activities for families

WHEN: Various days and times

WHERE: Tracy Branch Library, 20 E. Eaton Ave.

DETAILS: The Tracy library hosts weekly story times and book clubs for readers of all levels. More information is available online or at the library.

INFO: www.stockton.lib.ca.us/

Preschool story time in Mountain House

WHEN: 2 p.m. Tuesdays

WHERE: Mountain House Branch Library, 579 Wicklund Crossing

DETAILS: Preschoolers and their families are invited for half an hour of stories, poetry, songs, fingerplays and movement.

INFO: www.stockton.lib.ca.us/

Mindfulness Meditation

WHEN: 4 to 5 p.m. Tuesdays; 10:15 to 11:15 a.m. Fridays

WHERE: Flow Yoga Studio, 3602 Mars Way, Ste. 125

DETAILS: Guided sitting meditation and topic discussion

COST: Free; donations welcome

INFO: Silvia Kruse, 830-0405; Abhilasha, 834-1511; or www.flowyogastudios.com

Volunteer gardeners wanted

DETAILS: The Tracy Homeless Coalition has acquired a 12-foot-by-25-foot garden plot and plans to grow fresh fruits and vegetables for the homeless. The coalition is looking for garden lovers to manage and maintain it. Responsibilities include soil preparation, selecting plants and planting them, maintenance and harvest.

INFO: Marvin Rothschild, 914-5242

Scrapbooking opportunity

WHEN: 6 p.m. Thursdays

WHERE: Seventh-day Adventist Church in Tracy, 2025 Holly Drive

DETAILS: Take your own supplies or use what is available to make scrapbooks as part of this engaging group.

COST: Free

INFO: 835-5342

Kids' entertainment at Chili's

WHEN: 6 to 8 p.m. Sundays

WHERE: Chili's Grill & Bar, 2030 W. Grant Line Road

DETAILS: Face painting, magic, balloon twisting and more with local clowns Sparkles and Ravioli

COST: Free

Book club

WHEN: Second Wednesday of each month, 9 a.m.

WHERE: Lolly Hansen Senior Center, 375 Ninth St.

DETAILS: Each month, a title will be selected and participants will get together for coffee, snacks and a discussion of the book. Call for this month's selection.

INFO: 831-4230

Volunteers for Road for Recovery

DETAILS: The American Cancer Society is looking for volunteer drivers to offer cancer patients safe and friendly transportation to and from their treatments.

INFO: Molly Bolognini, 941-2679

Summer open-swim hours

WHEN: 11 a.m. to 4 p.m. weekends through Sept. 5

WHERE: Pinkie Phillips Aquatic Center at West High, 1775 W. Lowell Ave.

COST: $2 per person or $15 for a 10-visit pass; free for infants and toddlers up to 2 years old

DETAILS: Children younger than 7 must be accompanied by a paying adult.

INFO: 831-6200 or online activity guide

Class of 1970 classmate search

DETAILS: Tracy High School's Class of 1970 is planning its 40th reunion for Sept. 11 at the Tracy Elks Lodge and is searching for classmates. Those who want to help contact classmates are invited to call for more information.

INFO: Debbie Castro Grimstead, 835-6185; or Karen Workinger Corbin, 836-2376

Gymnasium open for games

WHEN: 8 p.m. Saturdays

WHERE: Seventh-day Adventist Christian School gym, corner of West 21st Street and Court Drive

DETAILS: The school opens its gym for basketball, volleyball and other games.

INFO: 835-6607

Tracy Farmers Market

WHEN: 9 a.m. to 1 p.m. Saturdays

WHERE: Downtown Tracy, 10th Street between Central Avenue and B Street

DETAILS: Visit the year-round farmers market in downtown Tracy for the best locally grown fruits and vegetables.

INFO: www.pcfma.com

Donations for the homeless

DETAILS: The Tracy Coalition of Citizens to Assist the Homeless is looking for donations of furniture and household items to help homeless people being placed in housing.

INFO: Marvin Rothschild, 832-5715

Salsa class

WHEN: 7 p.m. Mondays

WHERE: Portuguese Hall, 430 W. Ninth St.

DETAILS: Salsa instructors Christina and Dan Ocampo will host salsa classes on Mondays. Partners are not required and drop-ins are welcomed.

COST: $8

INFO: 207-9644 or Salsaocampo@comcast.net

Yoga weight-loss meeting

WHEN: 7:30 a.m. Saturdays

WHERE: Flow Yoga Studio, 3602 Mars Way, Ste. 125

COST: Free

INFO: 830-0405 or www.flowyogastudios.com

Pet adoptions

WHEN: 10 a.m. to 3 p.m. Saturdays; noon to 4 p.m. Sundays

WHERE: West Valley Mall, 3200 N. Naglee Road

DETAILS: A rescue group will have pet adoption fairs at the mall on weekends in hopes of getting more animals adopted faster. All dogs are neutered or spayed, vaccinated and microchipped, and cats are neutered or spayed and vaccinated.

COST: Cats, $75; dogs, $250

INFO: 642-4324

Animal adoption fair

WHEN: 2:30 to 5:30 p.m., first two weekends of each month

WHERE: Petsmart, 2477 Naglee Road

DETAILS: No Place Like Home Animal Rescue will have cats, kittens, dogs and puppies available to adopt. All animals are spayed or neutered before adoption and are up to date on shots.

COST: $225 for a dog, $95 for a cat

INFO: Terrence Harris, 207-3285; or www.noplacelikehomeanimalrescue.org

Cat adoption

WHERE: Petco, 2888 W. Grant Line Road

DETAILS: Animal Rescue of Tracy features cats for adoption continuously in its adoption center at Petco. The cats and kittens are rotated every two weeks.

COST: $75 adoption fee, which includes spay or neuter, vaccines, flea treatment and deworming

INFO: 609-8220

September Podcast

2010-09-09T11:21:00.000-07:00

The market continues to roll along. Interest rates are staying low, sales are continuing to occur at a strong pace and the negative headlines we keep hearing are not what we are experiencing. Well not everywhere anyway. Listen to this months Podcast click here:

http://www.talkrealty.com/billbarringer/audio/player.aspx

Investing in Real Estate Advantages

2010-09-09T11:16:00.000-07:00

Today's low interest rates and stabilized home prices have created some great investment opportunities! Investing in real estate has unique advantages over other types of investments:

Interest in mortgage loans are tax-deductible. Investors can lower their tax liability while increasing their equity.
Renters pay down your mortgage loan. Investors reap the benefits of rental income, which offsets your mortgage cost and build equity.
Real Estate values increase over the long term. Real Estate is limited and will always be in demand.
1031 exchanges are available to defer taxable income when you are ready to sell.

Many investors are taking advantage of these great market conditions. Have questions? Give us a call. We are happy to help!

Those of us who remember...

2010-08-31T11:00:00.000-07:00

Hollywood Squares:

These great questions and answers are from the days when ' Hollywood Squares' game show responses were spontaneous, not scripted, as they are now. Peter Marshall was the host asking the questions, of course..

Q. Paul, what is a good reason for pounding meat?
A. Paul Lynde: Loneliness!
(The audience laughed so long and so hard it took up almost 15 minutes of the show!)

Q. Do female frogs croak?
A. Paul Lynde: If you hold their little heads under water long enough.

Q. If you're going to make a parachute jump, at least how high should you be?
A. Charley Weaver: Three days of steady drinking should do it.

Q. True or False, a pea can last as long as 5,000 years..
A. George Gobel: Boy, it sure seems that way sometimes.

Q. You've been having trouble going to sleep. Are you probably a man or a woman?
A. Don Knotts: That's what's been keeping me awake.

Q. According to Cosmopolitan, if you meet a stranger at a party and you think that he is attractive, is it okay to come out and ask him if he's married?
A.. Rose Marie: No wait until morning.
Q. Which of your five senses tends to diminish as you get older?
A. Charley Weaver: My sense of decency..

Q. In Hawaiian, does it take more than three words to say 'I Love You'?
A. Vincent Price: No, you can say it with a pineapple and a twenty..

Q. What are 'Do It,' 'I Can Help,' and 'I Can't Get Enough'?
A. George Gobel: I don't know, but it's coming from the next apartment.

Q. As you grow older, do you tend to gesture more or less with your hands while talking?
A.. Rose Marie: You ask me one more growing old question Peter, and I'll give you a gesture you'll never forget.

Q. Paul, why do Hell's Angels wear leather?
A. Paul Lynde: Because chiffon wrinkles too easily.

Q. Charley, you've just decided to grow strawberries. Are you going to get any during the first year?
A. Charley Weaver: Of course not, I'm too busy growing strawberries.

Q. In bowling, what's a perfect score?
A. Rose Marie: Ralph, the pin boy.

Q. It is considered in bad taste to discuss two subjects at nudist camps. One is politics, what is the other?
A. Paul Lynde: Tape measures.

Q. During a tornado, are you safer in the bedroom or in the closet?
A.. Rose Marie: Unfortunately Peter, I'm always safe in the bedroom.

Q. Can boys join the Camp Fire Girls?
A. Marty Allen: Only after lights out.

Q. When you pat a dog on its head he will wag his tail. What will a goose do?
A. Paul Lynde: Make him bark?

Q. If you were pregnant for two years, what would you give birth to?
A.. Paul Lynde: Whatever it is, it would never be afraid of the dark.

Q. According to Ann Landers, is there anything wrong with getting into the habit of kissing a lot of people?
A. Charley Weaver: It got me out of the army.

Q. It is the most abused and neglected part of your body, what is it?
A. Paul Lynde: Mine may be abused, but it certainly isn't neglected.

Q. Back in the old days, when Great Grandpa put horseradish on his head, what was he trying to do?
A. George Gobel: Get it in his mouth.

Q. Who stays pregnant for a longer period of time, your wife or your elephant?
A. Paul Lynde: Who told you about my elephant?

Q. When a couple have a baby, who is responsible for its sex?
A. Charley Weaver: I'll lend him the car, the rest is up to him

Q. Jackie Gleason recently revealed that he firmly believes in them and has actually seen them on at least two occasions. What are they?
A. Charley Weaver: His feet.

Q. According to Ann Landers, what are two things you should never do in bed?
A. Paul Lynde: Point and laugh

WE DON'T STOP LAUGHING BECAUSE WE GROW OLD, WE GROW OLD BECAUSE WE STOP LAUGHING!

Is Now a Good Time to Buy?

2010-08-30T16:05:00.000-07:00

YES, EVEN IF PRICES CONTINUE TO DROP

And here is why……

I know prices are dropping still (although last month they went up slightly) but is this a good time to buy? The answer is a resounding YES. If you bought a $200,000 dollar home (and for the purpose of illustration obtained a $200,000 loan), and that house drops 10% in the next year the math is easy, you just lost $20,000 BUT - and this is a big BUT - if you obtained a loan today for that house at 4.25%, and if that same loan in one year costs 6% then the difference in payment is a lot LESS if you buy the house now. ($200k @ 4.25% = $984 / $200k @ 6.0% = $1,199) for a difference of $215 every month Over 30 years that difference is a whopping $77,400! One thing we have been assured of is that interest rates have to and eventually will be going up as the economy improves.

At the Shelter

2010-08-27T13:41:00.000-07:00

Desi is a 2-year-old female Great Dane mix available for adoption at the Tracy Animal Shelter.

Also available are Phillip, a 2-year-old male dachshund mix, and many adult cats and kittens.

The shelter staff seeks donations of canned or dry dog food and washcloths.

• The Tracy Animal Shelter, 370 Arbor Road, is open from noon to 5:30 p.m. Tuesdays through Saturdays. For information: 831-6364.

East of Eden

2010-08-27T13:34:00.000-07:00

Frankie, a sweet, playful dog with lots of energy, is about 10 months old. He loves attention and will usually roll onto his back for a belly rub. He learns quickly and wants to please.

Frankie loves the water and will take a nap in the kiddie pool when it’s too hot. Frankie is still young, so he needs lots of attention and exercise. He gets along great with other dogs, ignores cats and even lets chickens eat his food. He loves people of all ages.

Frankie is crate trained, housebroken, neutered, up to date on all medications and micro-chipped.
• East of Eden is a rescue group. Its volunteers are at Petco, 2888 Grant Line Road, from noon to 3 p.m. Saturdays. 815-5186.

Welcome Judi!

2010-08-24T09:49:00.000-07:00

I never thought we would have another cat in our home again. After saying goodbye to our black cat Boo, who was 17 years old, I thought that was it for cats. Until last month....

I spent 2 nights at Kaiser Hospital because I was experiencing very rapid heart beats and I went to the ER. Its called tacardia and I have been going through this for a year now. Anyway, I went Friday at about 5:00 because I got light headed also. They kept me there in the ER for 6 hours. I told them they better give me some medicine and get me better because Bill and I had tickets to see Paul McCartney Saturday in San Francisco. They would not listen to me and sent me up to the ICU. The nurse said to me, " What is it you want, Paul McCartney or death?" I said I would die happy but Bill wouldn't go for it. They did calm down the heart rate so I still had to stay.

When Bill left the hospital about 3:00 in the morning, on his way to the car, there was this tiny kitten just meowing and following him. The poor little thing was starving and all alone. Bill, if you know him, is a total animal lover and could not ignore this little one. He took her home and did the best he could to make her safe. When he came back to the hospital, he broke the news to me that we have a guest.

Anyway, when I got home the next day, the first thing I did was care for this very tiny baby. She must have been only 4 or 5 weeks old. She needed a bath to get rid of the fleas and lots of food. We went shopping and got her a great townhouse to stay in to keep her away from our beloved dogs. She has now more than doubled her weight and is taking over the house. The dogs actually like to play with her and I think she really thinks she is a dog. I swear I heard her trying to bark!

Well, we ended up naming her Jude (for you know, Hey Jude!) just to remind me of the missed concert. I think she is a fine addition to our family and I realized that I really missed having a cat around.

Pat

Fannie Mae’s “Home Path” could be your path to homeownership.

2010-08-23T10:03:00.000-07:00

As many of you know Fannie Mae is one of the largest insurers of mortgages in the nation. They have a lot of homes to sell. To make it easier for potential homebuyers Fannie Mae introduced their Home Path financing program. Much like an FHA loan (which Fannie Mae also insures) it was designed to provide an easier “path” to homeownership for qualified buyers. Some of the highlights of the program include:

A minimum down payment of 3% required for a principle residence. Like FHA this can be a gift.

No mortgage insurance required. The loan is self insured therefore the rate will adjust depending on the down payment. This avoids the borrower having to deal with a separate mortgage insurance company and their guidelines.

No appraisal needed. This eliminates a $450-500 fee for the borrower.

You do NOT need to be a first time buyer and Investors can purchase with as little as a 10% down payment. It can also be a second home.

This “home path” financing is not for everyone but all borrowers should look down this path when available. The Barringer Team will be able to tell you if the home you are looking at qualifies for this program. Enjoy looking for your new home.

Sincerely,

Alex Alvarez

Alex Alvarez is the sales manager of Wells Fargo in Tracy CA. He holds a BS in Business Finance and a Minor in Economics. He has been in lending since 1988 and has lived in Tracy since 1994. To contact Alex please call him at 800 399 1820.

The Right Agent

2010-08-17T14:24:00.000-07:00

It is true, over 80% of home buyers in the country began their home home search online last year. This is a significant number and yet the majority of the Real Estate agents continue to market homes with traditional methods that do not tap into this huge pool of prospective home buyers. Today's technology allows agents easy access to the internet, yet few have learned the secrets that will truly give them access to the home buying public. As I look around the Tracy market area I see very few agents marketing homes in any other way than the same methods that were employed a decade or more ago. The fact is that the purchasing habits of the consumer have changed and yet the industry that feeds potential home buyers their information lags painfully behind. This trend is certainly not going to change in the future. In fact new technology with video, etc. is going to attract even more potential home buyers to the internet for their home search.

My suggestion here is that if you are going to be selling a home, do your research. Find an agent who understands internet marketing and has taken the time to build the systems that will truly put your home in front of millions of potential buyers on the internet. Don't be fooled by the fact that some agents will try to convince you that traditional home marketing methods still work. The true fact is that the agent who can serve you best most likely is no longer using traditional marketing methods. The numbers tell the story. With 80%+ of all home buyers finding homes on the internet, if you want to sell in this market you need an expert who knows precisely how to tap into this growing buyer pool.

Not on my Best Day

2010-08-16T09:52:00.000-07:00

Found Baby

2010-08-16T09:39:00.000-07:00

Found Baby

This adorable dog was found near Parkside/Spring Court in Tracy without a collar. He is very nice and well mannered. Needs help finding his owner or a home.

Contact: jdement@c21mm.com

Fewer U.S. homeowners have ‘underwater mortgages’

2010-08-09T11:29:00.000-07:00

A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com said on Monday.

Fewer homeowners with so-called underwater mortgages, where the amount owed on the mortgage exceeds the home's value, is nevertheless a positive for the housing market as it could portend fewer defaults and foreclosures down the road.

The percentage of American single-family homes with mortgages in negative equity fell to 21.5 percent in the second quarter from 23.3 percent in the first quarter and 23 percent a year ago, according to the Zillow Real Estate Market Reports.
These underwater mortgages are one of the biggest banes of homeowners since negative equity makes many of them unqualified for home loan refinancing and prevents some from selling.
It is too soon to say for sure, but this could be the first indication that the national home foreclosure rate is going to start slowing down. Another quarter of improvement will give us a better indication if this is an actual trend.
Have An Awesome Week!

Mortgage rates hit low of 4.49%

2010-08-05T09:32:00.000-07:00

Average rates for fixed mortgages fall to 4.49 pct., lowest level on record.

Mortgage rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home.

Government-controlled mortgage buyer Freddie Mac said Thursday that the average rate for 30-year fixed loans this week was 4.49 percent, down from 4.54 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971

The average rate on the 15-year fixed loan dropped to 3.95 percent, down from 4 percent last week and the lowest on record.

Rates have fallen since spring as investors seek the safety of U.S. Treasury bonds. That has lowered the yield on Treasurys. Mortgage rates tend to track those yields.

The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.

Low rates have sparked some activity in the weak housing market, but not a massive boom in refinancing.

Applications to refinance loans increased 1.3 percent and those to purchase homes increased 1.5 percent, according to the Mortgage Bankers Association.

Nevertheless, high unemployment, slow job growth and tight credit have made it difficult for many to purchase homes. The housing industry received a boost this spring when the government offered homebuying tax credits, but housing activity has plummeted since they expired in April.

The number of buyers who signed contracts to purchase homes plunged in June to the lowest level on records dating back to 2001, according to the National Association of Realtors.

To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.

Rates on five-year adjustable-rate mortgages averaged 3.63 percent, down from 3.76 percent a week earlier. Rates on one-year adjustable-rate mortgages fell to an average of 3.55 percent from 3.64 percent.

The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 a point for all loans.

Federal law protects renters during foreclosure

2010-08-03T10:13:00.000-07:00

There is good news for renters. A new federal law may provide them with more security and peace of mind when their landlords fail to pay their mortgage.

As the number of foreclosures has increased across the country, some renters in good standing have received a nasty surprised - immediate eviction - when the houses, apartments or condos they rented went into foreclosure.

Fortunately, a new federal law helps protect the rights of tenants in properties facing foreclosure, say experts at the Office of the Comptroller of the Currency (OCC). The Protecting Tenants at Foreclosure Act of 2009 establishes national standards to provide renters sufficient notice when foreclosure happens.

The new national standard provides uniform protection to renters who are vulnerable to sudden eviction. The new law states:

In all cases, renters will get at least a 90-day notice prior to eviction.
Renters can stay until their lease runs out except when the new owner will occupy the home as a primary residence, when renters have no lease or when renters have only a month-to-month lease. Even for these three exceptions, the 90-day notice still applies.

The new law applies only to a "bona fide" lease or tenancy. Bona fide means:

The tenant is not the landlord or a child, spouse or parent of the former owner.
The lease or tenancy is the product of an "arm's length transaction" with no conflict of interest.
The rent is not substantially less than the fair market price.
The rent is sharply reduced because of the government subsidy (tenants in Section 8 subsidized housing have separate protections under this law).

OCC experts advise renters to always be aware of their rights, and protect these rights by making sure they stay in good standing with regard to their rental property.

Some tips on how to prove you are in good standing include:

Sign a written lease.
Pay your rent on time and in full.
Use checks rather than cash to provide a record of payment.
Pay your rent at the market rate. Paying a lower rent to a friend or family member will cut your costs, but may weaken your legal standing during a foreclosure or legal dispute.
With all legal matters, the OCC encourages you to consult a lawyer.

To learn more about foreclosures and banks in general, go to http://www.helpwithmybank.gov/ and http://www.expertsinshortsale.com/

745 Manitoba Ct, Tracy, California

2010-08-02T13:57:00.000-07:00

Approved Short Sale! Don't wait to see this one. Large corner lot on a cul-de-sac. Built in 2000 located in Tracy's Hidden Lake Subdivision. Features living room, family room with fireplace, large kitchen with island, gas range and microwave, dishwasher, huge back yard. Three bedrooms are upstairs. Master features retreat and a large bathroom with a shower and separate tub, with a walk-in closet. A 2 car garage. Walk to club house and pool.

Click here to view more details!

Mortgage Rates Hit Low of 4.54 Percent

2010-07-29T09:51:00.000-07:00

Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.

The average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week, mortgage company Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.

The last time rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.

The rate on the 15-year fixed loan dropped to 4 percent, down from 4.03 percent last week and the lowest on record.

Rates have fallen since the spring. Yields on U.S. Treasury bonds have dropped as jittery investors seek safer investments. Mortgage rates tend to track the yields on Treasurys.

Low rates helped spark a little activity in the weak housing market. Applications to purchase homes rose 2 percent last week from the previous week, the Mortgage Bankers Association said Wednesday. Still, the housing market has been struggling and overall applications for loans were down last week as fewer people applied to refinance.

High unemployment, slow job growth and tight credit have made it difficult for many to purchase homes. The housing industry received a boost this spring when the government offered homebuying tax credits, but since those expired in April housing activity has fizzled.

Sales of previously occupied homes fell 5.1 percent in June. New home sales jumped last month but it was the second weakest month on record and it came after sales tumbled in May.

Refinance activity has increased over the last month as homeowners seek more affordable monthly payments. But many don't qualify for a loan or don't have have the cash to pay for closing costs. And rates have been low for so long that many have already refinanced.

To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.

Rates on five-year adjustable-rate mortgages averaged 3.76 percent, down from 3.79 percent a week earlier. Rates on one-year-adjustable-rate mortgages fell to an average of 3.64 percent from 3.70 percent.

The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 a point for all loans.

Elphinstone, J.w. "Mortgage Rates Hit Low of 4.54 Percent - Yahoo! Finance." Yahoo! Finance - Business Finance, Stock Market, Quotes, News. 29 July 2010. Web. 29 July 2010. http://finance.yahoo.com/news/Mortgage-rates-hit-low-of-454-apf-434994172.html?x=0&sec=topStories&pos=main&asset=&ccode.

Bean Festival Royalty Crowned

2010-07-28T11:15:00.000-07:00

Winners of the Tracy Dry Bean Festival Queen and Princess Pageant were announced at the Grand Theatre Center for the Arts over the weekend.

The following were crowned at the Saturday, July 24, pageant:

Bean Queen Division

Angela Alvarez, Tracy Bean Festival Queen

Kayla McGuinness, Miss Tracy Centennial

Julia Price, first runner-up

Autumn Aguilera, second runner-up

Amy Wise, third runner-up

Rebecca Fuller, fourth runner-up

Princess Division

Marissa Peinado, Tracy Dry Bean Festival Princess

Kaitlin Cuevas, Miss Junior Tracy Centennial

Rebekah Boguhn, first runner-up

Corinne Parco, second runner-up

Colby Haskell, thrid runner-up

Ayanna Cornelius, fourth runner-up

Little Sprout Division

Isabella Faria, Tracy Dry Bean Festival Little Sprout

Mariah Bogetti, Little Miss Tracy Centennial

Aubrey Preciado, first runner-up

Jaime Haskell, second runner-up

An extension profile will be published in a special bean festival-themed Our Town section Sept. 10.

Dirt-Cheap Mortgage Rates: Here for how long?

2010-07-26T13:23:00.000-07:00

Although economists have grown increasingly concerned that the real estate market may slip into a "souble dip" recession, today's consumers are being handed a tempting incentive to buy property or refinance their home loans; ultra-low mortgage rates. Rates on 30-year fixed mortgages fell to 4.57 percent for the week ending July 15. That's down a half percentage point from three months earlier and the lowest level in the 39 years that Freddie Mac has been monitoring rates. "It's really what you could call a once-in-a-generation oppurtunity for [low] financing costs," says Mike Larson of Weiss Research. Here's a look at the forces that have created the current mortgage-rate environment, the direction rates are headed, and what you need to know to take advantage of them.

Weak U.S. Economy: Mortgage rates have dipped to record lows in large part because "frankly, the economy is lousy," says Keith Gumbinger of HSH Associates, a publisher of consumer loan information. The national unemployment rate remains uncomfortably high at 9.5 percent, and Nomura Securities expects forthcoming data to shoe that U.S. economic growth slowed in the second and third quarters. A weak economy puts downward pressure on mortgage rates in several ways. "First and foremost, demand for credit is low," Gumbinger says. As a result, lenders in many cases must reduce rates to attract borrwers. "Basic supply and demand," Gumbinger says.

At the same time, a sluggish economy works to ease investor concerns over future price appreciation. "The other part that controls long-term interest rates is inflation expectations," says Brad Hunter, the cheif economist at Metrostudy, a firm that researches the housing industry. "And I believe that the bond market sees very little inflation in the near term." Zach Pandl, an economist at Nomura Securities, agrees. "The risk today is of excessively low inflation," Pandl says. "There is no inflation on the horizon." As such, Pandl expects the Federal Reserve to hold its benchmark federal funds rate in the current zero to 0.25 percent range for the foreseeable future.

European debt crisis: Developments in the global economy have created additional downward pressure on home loan rates. When the shaky balance sheets of several European countries spooked financial markets in late spring, investors scurried out of risky assets like stocks and into U.S. Treasury bonds. As demand increased, yields on 10-year treasuries fell to 3.05 percent for th week ending July 16, down from 3.85 percent three months earlier. And since fixed mortgage rates tend to track the yields on 10-year treasuries, home loan costs declined significantly as well.

The European debt crisis also juiced demand for another class of assets that has helped bring down mortgage rates. With stocks looking increasingly risky, investors began searching for safe places to park their money. "What they really want to do is buy something that is government-guaranteed," says Guy Cecala, the publisher of Inside Mortgage Finance. "And there really are only two choices: Treasury securities, which have a very low yield, or going for a little higher yield with [Fannie Mae or Freddie mac mortgage backed-securities]." While many investors purchased U.S. Treasuries, others- tempted by the possibility of slightly higher returns- took the second option. The subsequent "huge" demand worked to reduce the yields on these mortgage- backed securities, which translated into lower rates on home loans, Cecala says.

Outlook: Although mortgage rates may increase from these record lows by the end of the year, they are likely to remain in an attractive range, Hunter says. "But I think that probably we will get a modest increase in long-term interest rates by the end of next year," Hunter says. "By then, the economy will have started creating jobs and [have] started to take up some of the slack capacity in industrial production." Thirty-year fixed mortgage rates could approach 6 percent by the end of 2011, he says.

Lock or wait?: Could rates move lower from current, ultra-low levels? Sure. If the U.S. economy slows sharply or a fresh crisis rattles global confidence, consumers could see financing costs become even cheaper. But given that rates are now sitting near 40-year lows, you're better off locking in a rate today rather than holding out for a better deal. "The likelihood of getting a significantly lower interest rate is pretty slim," Gumbinger says.

But that doesn't mean everyone will be able to get their hands on today's lowest financing costs. After getting hammered by bad loans made during the housing boom, banks have increased their lending standards for borrowers of all stripes. To obtain today's best rates on a home purchase loan, borrowers will typically need a FICO score of 720 or higher, a down payment of around 10 percent- although it could be significantly higher in certain markets- and fully documented income assets, Gumbinger says. For the best rates when refinancing your home, you'll generally need a FICO score of 730, at least 20 percent equity in your home, and at least two years of tax returns, Cecala says.

Mullins, Luke. "Dirt-Cheap Mortgage Rates: Here for How Long? - Yahoo! Finance." Yahoo! Finance - Business Finance, Stock Market, Quotes, News. 22 July 2010. Web. 26 July 2010. .

FHA Considers Policy Changes

2010-07-16T13:37:00.000-07:00

The Federal Housing Administration (FHA) is considering three policy changes to boost its capital reserves. Under the changes, new borrwers seeking FHA-insured loans will need a minimum FICO score of 580 to qualify for FHA's 3.5% downpayment program. New borrowers with credit scores between 500 and 580 will be required to provide a 10% downpayment, and borrwers with credit scores below 500 will no longer qualify. The US Department of Housing and Urban Development (HUD) published a notice today seeking public comment on the measures, which are designed to reduce financial risk and preserve affordable mortgage finance. HUD will accept public comment for the next 30 days on the proposed changes. "These are the latest in a series of changes to allow the FHA to manage its risk better while continuing to support the nation's housing recovery," said FHA commissioner David Stevens in a press release.

Specifically, the FHA is proposing to update the combination of credit and downpayment requirements for new borrwers, reduce seller concessions from 6% to 3% and tighten underwriting standards for manually-underwritten loans. The changes also seek to reduce the share of the home sales price that sellers are allowed to contribute at the closing table to offset the buyers' costs. The current share of 6% "expose the FHA to excess risk by potentially driving up the cost of the home beyond its appraised value," the FHA said in a statement today. The proposed change would reduce seller concessions to 3%, which the FHA said would bring it into conformity with industry standards. The proposed FHA policy updates also require lenders, during the underwriting process, to consider compensating factors that are "the best predictive indicators of loan performance"- credit history, loan-to-value ratio, debt-to-income ratio and cash reserves.

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Up For Adoption

2010-07-16T10:16:00.000-07:00

Meet Jack. Jack is a 5-month-old Chihuahua available for adoption at the Tracy Animal Shelter.

Tracy Animal Shelter, 370 Arbor Road, is open noon to 5:30 pm Tuesdays through Saturdays. The shelter also has cats and kittens ready to adopt, and the shelter staff seek donations of dog toys, dog treats and towels. For information: 209-831-6364.

Meet Domino. Domino is a medium-sized male Labrador retriever mix, about 1 1/2 years old. He loves playing with other dogs and is gentle with cats and little children. He has good manners and loves to play fetch and tug-of-war. Domino is yet another victim of home foreclosure. Adopted from East of Eden when he was 8 weeks old, he was well cared for and loved and grew up with another dog.

East of Eden is a nonprofit animal rescue group. Volunteers are at Petco, 2888 Grant Line Road, from noon to 3 pm Saturdays.

For information: 209-815-5186.

Summer Fun!

2010-07-14T10:07:00.000-07:00

Happy Summer Everyone!

The California State Fair starts Thursday, July 14 and runs through Sunday, Aug. 1.

The Fair's web site shows all the activities planned each day. You can buy your tickets on-line.

Take a trip to Sacramento and see the great State Fair!

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Tracy Area Market Reports 7/12 vs 6/1

2010-07-13T09:27:00.000-07:00

The following information is from the local MLS database, as of July 12, 2010 and is compared to (June 1, 2010). The Tracy Market continues to be dominated with bank owned and short sale inventory. The lack of inventory and abundance of buyers have created multiple offer situations on almost every active listing there by creating over bidding. Appraisal is still at issue as if the home gets bided up it still must appraise for value. Buyers consist of first time buyers and investors. If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 373 (369)

# of REO (foreclosures): 44 (48)

# of Short Sales: 268 (266)

Average # of days on market: 59 (67)

The median price of all homes for sale in Tracy: $249,900 ($239,900)

The average price of all homes for sale in Tracy: $267,646 ($263,887)

Lowest priced home: 1bd/612 sq. ft. /$80,900

Highest priced home: 7bd/5,159 sq. ft. /$1,299,000

Square Feet	# of homes for sale in Tracy	Median List Price	Average List Price
1,000 to 1,400	18	$162,000	$212,319
1,500 to 2,000	22	$204,450	$214,272
2,000 to 4,000	52	$299,900	$319,812

PENDING Status

Number of properties currently under agreement: 281 (302)

# of REO: 62 (67)

# of Short Sales: 156 (170)

Average pending price: $223,755 ($222,225)

Average pending home is 4 bedrooms, 1,990 square feet at a price of $223,755 that stays 37 days on the market.

Square Feet	# of homes for pending in Tracy	Median Pending Price	Average Pending Price
1,000 to 1,400	50	$147,944	$145,801
1,500 to 2,000	79	$210,000	$206,937
2,000 to 4,000	116	$269,950	$279,708

SOLD Status

Residential property sold over previous 30 days: 123 homes or $27,942,025 in sales (117 homes or $27,084,863 in sales)

REO’s sold in the last month: 42 (40)

Short sales sold in the last month: 44 (34)

Average sale price: $227,171 ($231,495)

Median sale price: $225,000 ($235,000)

High: 430K (6bd/4,098 sq. ft. home)

Low: 66K (2bd/936 sq. ft. home)

Square Feet	# of homes sold in the last month in Tracy	Median Sale Price	Average Sale Price
1,000 to 1,400	32	$160,500	$155,531
1,500 to 2,000	25	$215,000	$206,598
2,000 to 4,000	54	$280,000	$287,941

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 101 (102)

# of REO (foreclosures): 9 (7)

# of Short Sales: 75 (81)

Average # of days on market: 27 (30)

The median price of all homes for sale in Mountain House: $312,450 ($308,888)

The average price of all homes for sale in Mountain House: $320,759 ($318,726)

Lowest priced home: 2bd/1,155 sq. ft. /$149,900

Highest priced home: 5bd/3,858 sq. ft. /$449,900

Square Feet	# of homes for sale in Mountain House	Median List Price	Average List Price
1,000 to 1,400	6	$229,400	$218,841
1,500 to 2,000	2	$252,750	$252,750
2,000 to 4,000	16	$395,500	$380,106

PENDING Status

Number of properties currently under agreement: 93 (101)

# of REO: 14 (20)

# of Short Sales: 54 (52)

Average pending price: $302,262 ($312,611)

Average pending home is 4 bedrooms, 2,500 square feet at a price of $302,262 that stays 36 days on the market.

Square Feet	# of homes pending in Mountain House	Median Pending Price	Average Pending Price
1,000 to 1,400	6	$174,900	$176,300
1,500 to 2,000	13	$210,000	$229,822
2,000 to 4,000	66	$344,500	$342,977

SOLD Status

Residential property sold over previous 30 days: 28 homes or $8,974,950 in sales (28 homes or $8,678,050 in sales)

REO’s sold in the last month: 7 (8)

Short sales sold in the last month: 13 (11)

Average sale price: $320,534 ($309,930)

Median sale price: $325,000 ($315,500)

High: 465K (6bd/3,992 sq. ft. home)

Low: $199,300 (3bd/1,367 sq. ft. home)

Square Feet	# of homes sold in the last month in Mountain House	Median Sale Price	Average Sale Price
1,000 to 1,400	2	$230,500	$230,500
1,500 to 2,000	3	$245,000	$244,767
2,000 to 4,000	23	$328,400	$338,246

Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 129 (134)

# of REO (foreclosures): 26 (21)

# of Short Sales: 75 (92)

Average # of days on market: 39 (42)

The median price of all homes for sale in Lathrop: $195,900 ($200,620)

The average price of all homes for sale in Lathrop: $252,319 ($259,562)

Lowest priced home: 2bd/1,040 sq. ft. /$107,100

Highest priced home: 6bd/4,011 sq. ft. /$2,500,000

Square Feet	# of homes for sale in Lathrop	Median List Price	Average List Price
1,000 to 1,400	7	$125,000	$130,964
1,500 to 2,000	11	$179,900	$182,365
2,000 to 4,000	27	$219,900	$316,583

PENDING Status

Number of properties currently under agreement: 88 (76)

# of REO: 37 (28)

# of Short Sales: 33 (34)

Average pending price: $188,390 ($186,978)

Average pending home is 4 bedrooms, 2,209 square feet at a price of $188,390 that stays 51 days on the market.

Square Feet	# of homes pending in Lathrop	Median Pending Price	Average Pending Price
1,000 to 1,400	18	$132,450	$125,072
1,500 to 2,000	20	$155,950	$160,355
2,000 to 4,000	50	$215,400	$222,399

SOLD Status

Residential property sold over previous 30 days: 28 homes or $5,462,490 in sales (41 homes or $7,243,950 in sales)

REO’s sold in the last month: 9 (28)

Short sales sold in the last month: 10 (6)

Average sale price: $195,089 ($176,682)

Median sale price: $188,325 ($187,500)

High: 290K (5bd/3,870 sq. ft. home)

Low: 112K (3bd/1,092 sq. ft. home)

Square Feet	# of homes sold in the last month in Lathrop	Median Sale Price	Average Sale Price
1,000 to 1,400	4	$143,500	$137,250
1,500 to 2,000	9	$175,000	$178,556
2,000 to 4,000	13	$229,900	$233,268

Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 137 (114)

# of REO (foreclosures): 28 (24)

# of Short Sales: 85 (77)

Average # of days on market: 46 (43)

The median price of all homes for sale in Weston Ranch: $163,650 ($170,500)

The average price of all homes for sale in Weston Ranch: $176,952 ($175,642)

Lowest priced home: 2bd/1,348 sq. ft./$99,900

Highest priced home: 6bd/3,054 sq. ft./$699,950

Square Feet	# of homes for sale in Weston Ranch	Median List Price	Average List Price
1,000 to 1,400	3	$143,000	$139,267
1,500 to 2,000	19	$149,900	$152,913
2,000 to 4,000	26	$185,400	$204,567

PENDING Status

Number of properties currently under agreement: 77 (90)

# of REO: 35 (41)

# of Short Sales: 27 (33)

Average pending price: $147,054 ($148,247)

Average pending home is 4 bedrooms, 1,911 square feet at a price of $147,054 that stays 31 days on the market.

Square Feet	# of homes pending in Weston Ranch	Median Pending Price	Average Pending Price
1,000 to 1,400	5	$119,000	$116,160
1,500 to 2,000	38	$139,000	$142,363
2,000 to 4,000	26	$171,400	$170,684

SOLD Status

Residential property sold over previous 30 days: 43 homes or $6,714,185 in sales (36 homes or $5,617,300 in sales)

Short sales sold in the last month: 9 (11)

REO’s sold in the last month: 28 (15)

Average sale price: $156,144 ($156,036)

Median sale price: $155,250 ($154,000)

High: 224.5K (5bd/2,915 sq. ft. home)

(225K (6bd/3,376 sq. ft. home))

Low: $1,205 (3bd/1,012 sq. ft. home)

(104K (3bd/1,090 sq. ft. home))

Square Feet	# of homes sold in the last month in Weston Ranch	Median Sale Price	Average Sale Price
1,000 to 1,400	2	$115,000	$115,000
1,500 to 2,000	18	$148,000	$135,225
2,000 to 4,000	22	$177,500	$178,415

McDonald's Welcomed In Southern Tracy

2010-07-12T10:27:00.000-07:00

The newest McDonald's opened earlier last week in southern Tracy, and so far, business at the eatery has been booming.

Manager Carl Austin said customers have flocked to the restaurant at the southeast corner of Tracy Blvd. and Valpico Rd. Since the store officially opened Tuesday, July 6, visitors have consistently told him the same thing: that the McDonald's is a welcome addition to the area.

"It's been outstanding," Austin said of the turnout so far. "I think the neighborhood's wanted this."

The McDonald's is decorated in a distinctly modern theme, with clean lines and soft colors. There's also a planted patio area that supplements the eatery's 72-person capacity.

Austin said the other McDonald's restaurants in Tracy- which he also manages- have recently undergone renovations. A resident of Tracy since 1972 and an emplyee in the compant for 37 years, Austin said he and the other 68 full- and part-time workers at the new McDonald's aim to integrate into the neighborhood and city.

"We basically just want to be a part of the community," he said.

Staff, TP. "Tracy Press - Biz Buzz McDonald S Welcomed in Southern Tracy." Tracy Press - News, Events, Classifieds and Businesses in Tracy, Calif. 08 July 2010. Web. 12 July 2010. http://www.tracypress.com/view/full_story/8614529/article-Biz-Buzz--McDonald-s-welcomed-in-southern-Tracy?instance=home_news_bullets.

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Update On Tax Credit Extension

2010-06-29T10:37:00.000-07:00

The U.S. Senate recently passed an amendment to HR 4213, the "American Jobs and Closing Tax Loopholes Act of 2010." If passed, the bill will extend a number of expiring provisions. The bill, commonly referred to as an "extenders package," includes an amendment to extend the closing deadline for the federal home buyer tax credit to Sept. 30, 2010 from June 30, 2010. Although the amendment to attach the tax credit extension to the bill was passed in the Senate, the bill is not yet law.

Now the bill will go back to the House of Representatives for a vote prior to reaching the president's desk for his signature.

Note that members of the military and certain other federal employees serving outside the U.S. currently already have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible member of the military taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered inot by the date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual's spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

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Problems In Mountain House

2010-06-28T13:44:00.000-07:00

There is a real problem with the Mountain House Community Services District. The problem with this water-garbage company is that their website, at which you can pay your bill, continues to have problems.

There has been two instances where payments were posted to a bogus account, which resulted in them shutting off service for non-payment, even though there had been a confirmation number issued. Once when they shut off a service, a family had a couple members of their household ill with the flu and they couldn't flush the toilets. It took them a while before they found the payment and promised the family that their service would be back on in one hour- it took five hours for them to turn back on the service.

Twice, this particular family had to update their address on Mountain House's website to pay their bill, and each time they would go back in the system, the old address would re-appear and it would not allow them to pay the bill because the address was incorrect. Once, they paid their bill online and it showed their payment listed at the bottom with a confirmation number; then they received a notice on their door for non-payment, and when they went back into the website to confirm their payment, the payment and confirmation number were gone.

Other residents in Mountain House have the same problems with this company. The billing coordinators are of no help, nor can they fix the website so that this doesn't continue to happen.

And when this family received a 48-hour notice to make payment or else, they told the billing department that thier daughter would go down there with a check or cash, and they replied that they would not take checks or cash. Who doesn't take cash??

They said the family would need to take them a money order to pay through their website, but the website continues to be a problem. What can be done about issues like this that don't have it together and do not help their customers?

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Meet Shiloh

2010-06-24T11:21:00.000-07:00

Attached is a picture of one of my new friends here in Tracy...her name is Shiloh. She is a very sweet Border Collie that was either hit by a truck or fell out of a truck...in either case, she has a badly damaged left shoulder. Shiloh is going in to have her left leg amputated tomorrow morning as a result, but once she has recovered, she is going to need a good home. She may be losing her leg, but she is still full of love and is a very affectionate dog, looking for someone who is willing to give her a good home with lots of love in return.

She is currently being taken care of by those wonderful folks at Tracy Animal Rescue, but she needs a full time family and home to make her life complete. If you, or anyone you know is interested in adopting Shiloh, please contact me and I will get you in touch with the folks who are taking care of her.

She really is the sweetest dog anyone could ever hope to have, and I know she would be a loyal friend for life to anyone who would take her in.

Thanks for helping me spread the word!

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Don't Have Anything To Do?

2010-06-23T11:30:00.000-07:00

Can't think of things to do...especially in Tracy?!?! Check out this out! You won't ever have to ask that question again.

New Listing

2010-06-18T13:56:00.000-07:00

~New Listing~

5 Mary Ct.

$179,000

.11 acre lot

1,454 square feet

3 bedrooms

2.5 bathrooms

CLICK HERE to find out more information or to view more pictures.

Monday Update

2010-06-14T13:41:00.000-07:00

Happy Monday!

Finally, a touch of summer. Let's hope that the sun sticks around the Tracy area for a while now.

Over the past couple of months there has been an increasing number of homes that are not meeting value with their appraisal. This is really creating havoc with home sales as many of these homes values are falling well below where they sold. This is a downward value spiral that once it begins can be devastating. With each new lower appraisal now comes a lower priced home sale that the next appraiser will use when trying to determine value. Not only are the short sales and bank owned properties creating pricing problems, but now the appraisers are having an impact as well.

For this reason, we are being extremely cautious when pricing homes for the market. Using recent comparable sales is one way of making sure that we do not have a problem. Also, adjusting prices for home that sit on the market for a while is important as well. As our market continues to decline this problem may become worse.

The price you think your home is worth and the price the appriaser thinks it is worth may be very different. If you are considering a home sale, make sure that your agent uses current comparable homes similar to yours that have sold with no less than 90 days in the past. Being cautious with pricing may save you some real problems down the road.

Have an awesome week!

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Adopt Cricket

2010-06-11T10:09:00.000-07:00

Cricket is an 8-month-old male terrier mix available for adoption at the Tracy Animal Shelter. The shelter also has Damsel, an 8-year-old female Chihuahua mix; Pebbles, an 8-month-old female pit bull mix; and many adult cats, some of which have already been spayed and neutered.

- The Tracy Animal Shelter, 370 Arbor Road, is open from noon to 5:30 p.m. Tuesdays through Saturdays. For information: 831-6364.

Staff, OT. "Tracy Press - At the Shelter Hop over to Adopt Cricket." Tracy Press. 04 June 2010. Web. 11 June 2010. http://www.tracypress.com/view/full_story/7795484/article-At-the-Shelter--Hop-over-to-adopt-Cricket?instance=home_our_town.

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Lawmakers consider home tax credit extension

2010-06-10T14:21:00.000-07:00

Lawmakers consider giving homebuyers 3 more months to finish sales and qualify for tax credit.

Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

Senate Majority Leader Harry Reid, D-Nev., said Thursday he wants to give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal would only allow people who already have signed contracts to finish at the later date.

Reid introduced the proposal as an amendment to a bill that would extend jobless benefits through the end of November. Joining him were Sen. Johnny Isakson, R-Ga., and Christopher Dodd, D-Conn.

Reid, who faces perhaps the toughest re-election campaign of his political career, represents a state that has the nation's highest foreclosure rate.

The National Association of Realtors has been pushing hard in Congress for the extension.

Mortgage lenders, the trade group says, have been swamped with borrowers trying to get approved by the end of the month. Many potential borrowers are unlikely to make the deadline.

"Time is of the essence," said Lucian Salvant, a spokesman for the group. "It's important for Congress to get this done, because there's a whole bunch of loans that aren't going to close on time."

First-time buyers were eligible for a tax credit of up to $8,000. Current owners who bought and moved into another home could qualify for a credit of up to $6,500.

Associated Press. Real Estate. Lawmakers Consider Home Tax Credit Extension - Yahoo! Finance. Yahoo! Finance - Business Finance, Stock Market, Quotes, News. 10 June 2010. Web. 10 June 2010. http://finance.yahoo.com/news/Lawmakers-consider-home-tax-apf-3706397283.html?x=0.

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June Podcast

2010-06-09T10:15:00.000-07:00

CLICK HERE to check out this months podcast.

The Maui Lavender Farm

2010-06-08T14:36:00.000-07:00

On our Maui trip last year we went to a restaurant called, Sam Sato's. Since we go to Maui every year we always try and find places where the locals eat. Our mailman, in Tracy, was born and raised on Maui and told us about Sam Sato's. So we went; the food was good and the prices were reasonable. I had a hamburger and some noodles. Pat had a salad and some noodles.

As we were eating we noticed this couple with a small child eating at a table across from us. Pat and I looked and commented on how it reminded us of ourselves many, many moons ago. So as we were leaving I stopped at the cashiers and paid for their meal. Pat and I walked out and headed for the car. Then the wife came out of the restaurant running up to us and said, "Thank you so much, that was very nice of you."

We went on to tell her that her family reminded us of ourselves years ago and we just wanted to make her day. She introduced herself and handed us her business card. Her name is Pomai and her grandfather owns and operates the Lavender Farm in Up Country on Maui (which happens to be next door to Oprah's house). Pomai is the director of marketing for her grandfather's farm, which is getting very famous.

Well, when we went to Maui this year we received a personal tour of the farm by Ali'i Chang himself, Pomai's grandfather. It was extraordinary to hear the history and see all the different lavender plants and products. They have lavender soap, ice cream, tea, coffee, cakes and etc. We were treated like V.I.Ps!

It was amazing what buying a family a simple meal brought in return. If you have the oppurtunity to visit Maui, be sure to go to the Ali'i Kula Lavender Farm, it is so beautiful and full of Aloha! Check our their website at, http://aliikulalavender.com/.

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Portuguese Festa Expects Thousands

2010-06-04T14:08:00.000-07:00

Tracy will play host this wekend to Portuguese-Americans from throughout Northern California for the annual IPFES Holy Ghost festa.

The two-day event is expected to draw close to 5,000 people to two dances, a parade, Mass, and sopas e carne luncheon.

Activities begin at 8:30 p.m. Saturday, when this year's festa queens and side maids will be introduced at the Tracy Ballroom in the IPFES complex at 430 W 9th St., said John Castro, IPFES president.

This year's queen is Sabrina Rocha, daughter of Joe and Betty Rocha of Modesto. The little queen is Amelia Pereira, daughter of Enselmo and Diane Pereira of Livermore.

Dancing to the music of "Zodiac" will follow the queen presentation.

Sunday morning, the festa parade begins at 9 a.m., taking participants, including four bands, north on Central Avenue and Holly Drive to St. Bernard's Catholic Church, where a Mass in Portuguese will be said by Msgr. Ivo Rocha, pastor.

After returning to the IPFES grounds by way of Parker Avenue, festa participants will have their traditional meal of sopas- boiled beef and broth topped by bread. Some 7,000 pounds of beef will be served. An auction will follow.

The celebration concludes at 8 p.m. Sunday with dancing to the music of Cern du Vida.
As part of the celebration, bloodless bullfights are sceduled Friday, June 11, at the bullring behind the Tracy Ballroom.

The Holy Ghost festa, a Tracy tradition since 1916, retells the story of Portugal's sainted Queen Isabel's 14th century concern for the poor.

Staff, TP. "Tracy Press - Thousands Expected to Attend Portuguese Celebration." Tracy Press [Tracy] 02 June 2010. Tracy Press - News, Events, Classifieds and Businesses in Tracy, Calif. 2 June 2010. Web. 04 June 2010. http://www.tracypress.com/view/full_story/7776444/article-Thousands-expected-to-attend-Portuguese-celebration?instance=home_news_bullets.

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