Check out this all new condo with direct garage access. Everything new! A/C plus whole house fan! Granite!
From: http://ping.fm/T1lG3
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Thursday, November 24, 2011
Wednesday, November 23, 2011
Thursday, November 10, 2011
Sunday, October 30, 2011
Real Estate Orange County California Homes and Condos
For Lease In Rancho Santa Margarita. Granite counters! 2 bedrooms/ 2 baths, attached garage, covered deck. $1600/mo
From: http://ping.fm/4CuM8
From: http://ping.fm/4CuM8
Saturday, September 10, 2011
Wednesday, July 27, 2011
Wednesday, July 13, 2011
Saturday, July 2, 2011
Friday, July 1, 2011
Tuesday, June 28, 2011
Monday, June 27, 2011
Thursday, June 16, 2011
Monday, June 13, 2011
Thursday, June 9, 2011
The following are brief summaries of the programs available under Keep Your Home California.
Unemployment Mortgage Assistance Program (UMA) – Intended to assist homeowners who have experienced involuntary job loss. UMA will provide temporary financial assistance in the form of a mortgage payment subsidy of varying size and term to unemployed homeowners who wish to remain in their homes but are in imminent danger of foreclosure due to short-term financial problems. These funds can provide up to six months of benefits with a monthly benefit of up to $3,000 or 100% of the existing total monthly mortgage, whichever is less.
Mortgage Reinstatement Assistance Program (MRAP) – Intended to assist homeowners who have fallen behind on their mortgage payments due to a temporary change in a household circumstance. MRAP will provide limited financial assistance in the form of funds to reinstate mortgage loans that are in arrears in order to prevent potential foreclosures. These funds can provide benefits of up to $15,000 per household.
Principal Reduction Program (PRP) – Intended to assist homeowners at risk of default because of an economic hardship coupled with a severe decline in the home’s value. PRP will provide capital to reduce outstanding principal balances of qualifying borrowers with negative equity. Principal balances will be reduced in an effort to prevent avoidable foreclosures and promote sustainable homeownership. The principal reduction program will most likely be a prelude to loan modification. (Servicers that contribute through matching funds increase the benefit for homeowners).
Transition Assistance Program (TAP) – Intended to promote community stabilization by providing homeowners with relocation assistance when it is determined that they can no longer afford their home. TAP will be used in conjunction with a servicer-approved short sale or deed-in-lieu of foreclosure program in order to help homeowners transition into stable and affordable housing. Homeowners will be responsible to occupy and maintain the property until the home is sold or returned to the servicer as negotiated. Funds will be available on a one-time only basis.
Lenders Who Are Participating in the Keep Your Home California Program. http://www.keepyourhomecalifornia.org/participating.htm
Tuesday, May 31, 2011
Kathy Scruton's Real Estate Update - June 2011
Kathy Scruton's Real Estate Update - June 2011http://realtytimes.com/151/KathyScruton
Saturday, May 28, 2011
Friday, May 27, 2011
Fannie Expands 'Imminent Default' Test, Issues Short Sale Value Rules
This evaluation hierarchy involves first assessing the borrower’s cash reserves, which can be no more than $25,000;
From: http://ping.fm/cysSt
From: http://ping.fm/cysSt
Thursday, May 12, 2011
Foreclosure Activity at 40-Month Low: RealtyTrac
In California, the foreclosure timeline extended to 330 days in the first quarter. It was 262 days a year earlier and just 134 days in the first quarter of 2007.
From: http://ping.fm/YYGHE
From: http://ping.fm/YYGHE
Monday, May 9, 2011
HAMP's Re-Default Rate Below Industry Benchmarks at 16%: Treasury
Government data show that the median payment reduction for borrowers in a permanent mod is 37 percent, or about $500 a month. Treasury says HAMP has saved homeowners an aggregate $5.9 billion since it was implemented.
From: http://ping.fm/554Zw
From: http://ping.fm/554Zw
Wednesday, May 4, 2011
Tuesday, May 3, 2011
Inventory Getting Snapped up By Homebuyers
I've been working with several investors and first-time buyers lately and I've noticed that when searching the MLS listings of available homes under $400,000 just about every "Active" property listed in Rancho Santa Margarita, Lake Forest, Mission Viejo and Laguna Hills is a Short Sale. The Equity Sales and the REOs (foreclosures) are just about all in Escrow! Multiple offers are being written on all of my listings and when I'm writing offers for buyers we are going up against other buyers writing offers too. This has been going on for about the last three weeks.
It's tough for a buyer in a hurry because a Short Sale takes time to process... 4 months on average. An approved Short Sale at-best will take 60 days to close. But it can be done and buyer patience is key.
It's a very interesting turn of events after a slow winter and my 10 hour days have turned into 12 hour days, but I thrive on this kind of crazy market. It's invigorating although exhausting!
It's tough for a buyer in a hurry because a Short Sale takes time to process... 4 months on average. An approved Short Sale at-best will take 60 days to close. But it can be done and buyer patience is key.
It's a very interesting turn of events after a slow winter and my 10 hour days have turned into 12 hour days, but I thrive on this kind of crazy market. It's invigorating although exhausting!
Tuesday, April 19, 2011
"Cash For Keys" in the Foreclosure Process
I'm a woman of very few words, hence the "reposts" and "retweets". Even my X talked more than me. I'm different from most women that way.
So I have two new foreclosure listings that have been occupied. My job is to let the owners know that they are no-longer the owners, and try to negotiate a move-out date with the incentive of giving them a check. In the business we call it CFK... Cash For Keys. But officially it is "Relocation Assistance". I no longer use the word Cash for Keys with a former-owner since one refused to take the check and hand over the keys because he wanted CASH! So I'm watching my words more carefully.
Last night a former-owner who had threatened me with her German Sheppard when I tried to offer her CFKs a few weeks ago moved out! She did not repspond to my offer of $1900 and just left. I know she was a single mom. When securing the property this morning I held my breath ready to see what damage she did that was worth more than $1900 to her. Well all she did was take some knobs off of cabinet drawers and remove one light fixture and two coverplates from a downstairs bathroom. Did she run out of time? Those little items must have been so sentimental to her that she wanted them more than a check for $1900.
I find this sad because I'm sure the money could have helped her pay for her move. I mean, moves cost way more than $1900. Also, she left behind the dog dishes and dog bed... guess the pooch was no longer of use to her. I was happy it wasn't inside the house and I hope it has a good home.
Now tomorrow will be a better day. Tomorrow I meet a former-owner to get her keys and give her a check for $1500. Thank you! I want to help. I'm so glad she decided to allow me to work with her.
So that's what I'm thinking about today.
So I have two new foreclosure listings that have been occupied. My job is to let the owners know that they are no-longer the owners, and try to negotiate a move-out date with the incentive of giving them a check. In the business we call it CFK... Cash For Keys. But officially it is "Relocation Assistance". I no longer use the word Cash for Keys with a former-owner since one refused to take the check and hand over the keys because he wanted CASH! So I'm watching my words more carefully.
I find this sad because I'm sure the money could have helped her pay for her move. I mean, moves cost way more than $1900. Also, she left behind the dog dishes and dog bed... guess the pooch was no longer of use to her. I was happy it wasn't inside the house and I hope it has a good home.
Now tomorrow will be a better day. Tomorrow I meet a former-owner to get her keys and give her a check for $1500. Thank you! I want to help. I'm so glad she decided to allow me to work with her.
So that's what I'm thinking about today.
Friday, April 15, 2011
New Month to Month Lease Listing in Lake Forest
Wednesday, April 13, 2011
How Long Before They Foreclose on Me?
In California it's taking over 300 days on average for banks to foreclose on a homeowner!
http://www.dsnews.com/articles/self-evident-truth-in-market-variables-longer-foreclosure-timelines-2011-04-12
http://www.dsnews.com/articles/self-evident-truth-in-market-variables-longer-foreclosure-timelines-2011-04-12
Friday, April 8, 2011
Thursday, April 7, 2011
Wednesday, March 23, 2011
Monday, March 21, 2011
Browse Kindness Ideas | Random Acts of Kindness
Great Idea Site for personal and business:
Browse Kindness Ideas Random Acts of Kindness
Browse Kindness Ideas Random Acts of Kindness
Thursday, March 10, 2011
Save the Date for Taste of Ladera - Orange County, California, Resources, Businesses, Shopping and Fine Dining
VIP tickets and suites include access to party pit at main stage, private VIP pavilion with bars, seating and bathrooms.
From: http://ping.fm/gozS5
From: http://ping.fm/gozS5
Wednesday, March 9, 2011
BofA to Double Outreach Staff but Fixing Legacy Issues to Take 3 Years
While the company is beefing up efforts to keep home mortgages from slipping into the “problem” category, the large volume of loans that already fit into this group will take the company three years to unwind, according to Laughlin.
From: http://ping.fm/zymLy
From: http://ping.fm/zymLy
Saturday, February 19, 2011
Homeowners are the association
“As homeowners, you are the association,” Watson said. “It’s just like with any government. You don’t have time to run things, so you elect your neighbors (to the HOA board) to represent you. So the relationships should not be contentious.”
Full Article
Full Article
Wednesday, February 16, 2011
San Onofre reactor begins start-up
Replacing Unit 3's steam generators has taken four months, compared with six months for a similar project last year involving Unit 2, Dietrich said.
http://networkedblogs.com/emQj4
http://networkedblogs.com/emQj4
Friday, February 11, 2011
Homeownership: American Dream or American Nightmare?
By: Carrie Bay
The real estate listing and search site Trulia.com released the results of its biannual American Dream survey this week. The survey has tracked American attitudes toward homeownership since 2009.
Conversely, only 20 percent feel trapped in their “underwater” homes, while 14 percent said they would walk away from their mortgage in a heartbeat if they could.
Pete Flint, Trulia’s co-founder and COO, says it’s “important to get inside the heads of Americans and understand how they really feel about the housing market.”
Flint says so much time has been spent focusing on the foreclosure crisis and negative equity that “we fail to realize that more than 3 out of 4 homeowners are happy with their home purchase and investment.”
Flint himself admits that he was “surprised” by the latest survey results. “Contrary to popular belief, the American Dream of homeownership has not turned into an American nightmare,” he said.
The fact that seven out of 10 Americans still view homeownership as part of their personal American Dream is “a very positive sign for the housing market’s recovery,” Flint said.
Although many of today’s young adults came of age during the housing crash, more than one in four (26 percent) say their views on owning a home have become more positive over the past six months. With 88 percent of 18-34 year old renters aspiring to be homeowners, Trulia says this new generation of buyers will likely play a crucial role in stabilizing the real estate market.
While the outlook seems brighter, it will likely be a while longer before things really turn around. Trulia’s survey found that most would-be homeowners are in no rush to buy. Fifty percent of renters say they won’t be purchasing a home until after 2013. Only 4 percent say they have plans to buy within the next six months.
“Although the American Dream of homeownership remains surprisingly strong, it will not be an immediate reality for most people,” commented Tara-Nicholle Nelson, consumer educator for Trulia.
“Uncertainty has caused most would-be buyers across the nation to play a waiting game with the market, leading them to put their home purchases on hold for at least two years,” Nelson said. “However, new data shows that most renters in the South and West have long-term plans to buy, which is great news for America’s hardest-hit regions.”
While most prospective buyers are holding out for a couple of years, there’s some that have begun at least shopping around.
“In fact, we’re seeing a national resurgence of buyer and seller activity on Trulia.com,” Flint said. “In January alone, we experienced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70 percent year-over-year growth. We’ve seen leads to agents increase 60 percent year over year and are now experiencing 100,000 property views per minute.”
Still, Flint said, “Today, I’m more positive about the housing market than I have been in the last three years. I truly believe the worst is behind us.”
The real estate listing and search site Trulia.com released the results of its biannual American Dream survey this week. The survey has tracked American attitudes toward homeownership since 2009. Although foreclosures and underwater homes continue to plague today’s housing market, the survey found that 70 percent of Americans still view homeownership as being part of their American Dream. In fact, more than three out of four homeowners (78 percent) say their homes are the best investment they ever made.
Conversely, only 20 percent feel trapped in their “underwater” homes, while 14 percent said they would walk away from their mortgage in a heartbeat if they could.
Pete Flint, Trulia’s co-founder and COO, says it’s “important to get inside the heads of Americans and understand how they really feel about the housing market.”
Flint says so much time has been spent focusing on the foreclosure crisis and negative equity that “we fail to realize that more than 3 out of 4 homeowners are happy with their home purchase and investment.”
Flint himself admits that he was “surprised” by the latest survey results. “Contrary to popular belief, the American Dream of homeownership has not turned into an American nightmare,” he said.
The fact that seven out of 10 Americans still view homeownership as part of their personal American Dream is “a very positive sign for the housing market’s recovery,” Flint said.
Although many of today’s young adults came of age during the housing crash, more than one in four (26 percent) say their views on owning a home have become more positive over the past six months. With 88 percent of 18-34 year old renters aspiring to be homeowners, Trulia says this new generation of buyers will likely play a crucial role in stabilizing the real estate market.
While the outlook seems brighter, it will likely be a while longer before things really turn around. Trulia’s survey found that most would-be homeowners are in no rush to buy. Fifty percent of renters say they won’t be purchasing a home until after 2013. Only 4 percent say they have plans to buy within the next six months.
“Although the American Dream of homeownership remains surprisingly strong, it will not be an immediate reality for most people,” commented Tara-Nicholle Nelson, consumer educator for Trulia.
“Uncertainty has caused most would-be buyers across the nation to play a waiting game with the market, leading them to put their home purchases on hold for at least two years,” Nelson said. “However, new data shows that most renters in the South and West have long-term plans to buy, which is great news for America’s hardest-hit regions.”
While most prospective buyers are holding out for a couple of years, there’s some that have begun at least shopping around.
“In fact, we’re seeing a national resurgence of buyer and seller activity on Trulia.com,” Flint said. “In January alone, we experienced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70 percent year-over-year growth. We’ve seen leads to agents increase 60 percent year over year and are now experiencing 100,000 property views per minute.”
Flint stressed, however, that one grave concern going forward is still foreclosures. He says until the industry gets a handle on the still-rising numbers and banks stop adding repossessed properties to their inventories, we’ll continue to bounce along the bottom. He expects the bouncing to continue for at least the next 12 to 18 months.
Friday, February 4, 2011
Dean Runs Across America - Live with Regis and Kelly
Known as the Ultra-marathon man, Dean Karnazes will run 40 to 50 miles a day for nearly 75 days! Join Dean Karnazes in his fight against childhood obesity as he kicks off his Run Across America at Disneyland on Feb 25th. Watch and track him Live on Regis and Kelly! Run Across America with Regis and Kelly
Get involved and run with Dean, watch, and donate to Action For Healthy Kids!
While I was in College in San Diego my family moved to San Clemente and the Karnazes family was their neighbor. Dean Karazes and my younger sister Jennifer Ketels went to San Clemente High School together so this is how I learned about Dean and his ventures.
Get involved and run with Dean, watch, and donate to Action For Healthy Kids!
While I was in College in San Diego my family moved to San Clemente and the Karnazes family was their neighbor. Dean Karazes and my younger sister Jennifer Ketels went to San Clemente High School together so this is how I learned about Dean and his ventures.
Sunday, January 16, 2011
Treasury Department Amends HAFA Program to Increase Borrower Eligibility
On December 28, 2010, the Treasury Department released an update to the Home Affordable Foreclosure Alternatives Program (HAFA). The changes will increase the number of eligible borrowers who may participate in the program and should expedite approvals:
(1) A borrower's reason for relocation no longer needs to be connected to employment nor be of a certain distance from the property. Borrowers may have moved up to 12 months before certain dates in the HAFA process but may not have purchased another home.
(2) Servicers are not required to determine if the borrower's total monthly mortgage payment exceeds 31% of gross income. Borrowers will still be required to show a hardship.
(3) Servicers are now required to communicate approval, disapproval, or a counter offer no later than 30 calendar days after receiving an (i) executed sales contract, (ii) Alternative Request for Approval of Short Sale, and (iii) a signed Hardship Affidavit.
(4) If an unsolicited borrower requests HAFA, the servicer has 30 calendar days to determine the borrower's eligibility and, if eligible, send the borrower the Short Sale Agreement.
(5) HAFA will no longer impose a 6% cap on payments to each subordinate mortgage/lien holder. The $6,000 aggregate limit is still in effect.
(1) A borrower's reason for relocation no longer needs to be connected to employment nor be of a certain distance from the property. Borrowers may have moved up to 12 months before certain dates in the HAFA process but may not have purchased another home.
(2) Servicers are not required to determine if the borrower's total monthly mortgage payment exceeds 31% of gross income. Borrowers will still be required to show a hardship.
(3) Servicers are now required to communicate approval, disapproval, or a counter offer no later than 30 calendar days after receiving an (i) executed sales contract, (ii) Alternative Request for Approval of Short Sale, and (iii) a signed Hardship Affidavit.
(4) If an unsolicited borrower requests HAFA, the servicer has 30 calendar days to determine the borrower's eligibility and, if eligible, send the borrower the Short Sale Agreement.
(5) HAFA will no longer impose a 6% cap on payments to each subordinate mortgage/lien holder. The $6,000 aggregate limit is still in effect.
Friday, January 7, 2011
Mortgage Interest Rates Fall Back This Week
The 5-year adjustable-rate mortgage (ARM) fell from 3.77 percent last week to 3.75 percent (0.7 point).
From: http://ping.fm/EbWV8
From: http://ping.fm/EbWV8
Wednesday, December 29, 2010
Laguna Hills Foreclosure.wmv
Keep an eye out for a price reduction coming soon! Better yet, submit an offer before you've got the competion with the new pricing hits!
White House Adds Help for Underwater, Unemployed to Housing Plan
To be eligible, the home must be owner-occupied, the loan balance must be below $729,000, and the borrower must request temporary assistance in the first 90 days of delinquency.
From: http://ping.fm/CGvJM
From: http://ping.fm/CGvJM
Monday, December 20, 2010
Congressman Seeks Disclosure From FHFA Regarding Write-Downs
...already approaching $150 billion – and run counter to the statutory obligation of FHFA to minimize taxpayer exposure
From: http://ping.fm/rkJv0
From: http://ping.fm/rkJv0
Thursday, December 16, 2010
Zzzzzz: 15 reasons you need more sleep [infographic]
For those that don't think they need much sleep!
Zzzzzz: 15 reasons you need more sleep [infographic]
Zzzzzz: 15 reasons you need more sleep [infographic]
Wednesday, December 15, 2010
Foreclosure Under Market in Mission Viejo
Reduced to $549,000! 3 + Retreat + Loft, possible conversion to 5 bedrooms!
From: http://ping.fm/avai0
From: http://ping.fm/avai0
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