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Real Estate Tid-Bits

**After years of no qualifier loans and 100% financing, the home ownership rate in Sacramento for detached homes had risen to 83% in 2007.  This was immediately followed by foreclosures and short sales and the ownership rate has declined back to 77%, the lowest level in 40 years.  For more information on this Sacramento Bee article go to:  http://www.sacbee.com/2014/05/12/6396844/homeownership-in-sacramento-plummets.html.  

Good Neighbor Fencing

We have all encountered this.  Part of the fencing is leaning or falling down.  The fence is old and needs to be replaced.  Who is legally responsible for paying for that fence?  As it turns out the cost of repairing or replacing that fence is legally shared between the affected owners.  What I was unaware of was that written notice describing the needed repairs, cost of repairs and description of repairs needs to be given to the adjoining landowner.  And 30 days notice is required.  If the next door neighbor is a renter the legal owner needs to be found and repairs agreed upon.  For more information on the legalities of this issue go to http://law.onecle.com/california/civil/841.html.

Hybrid Batteries

I have always been interested in being as "green" as I can be.  It seems as though we waste so much in this country.  And now with the limited rain we are facing in California I have always tried to conserve.  So what about these hybrid cars?  Is there really some good to them?  How long do those expensive batteries last?  Click on the following link to find out...... http://www.greencarreports.com/news/1078138_toyota-hybrid-battery-replacement-cost-guide

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