Orange County CA Homes and Condos

Turnkey Lease 2 bedroom/2 bath in #RSM

2011-11-24T08:58:00.001-08:00

Check out this all new condo with direct garage access. Everything new! A/C plus whole house fan! Granite!

From: http://ping.fm/T1lG3

2011-11-23T10:40:00.001-08:00

Approved Short Sale Back on the Market http://ping.fm/nRn7t

Realty Times - Five Great Things about Homeownership

2011-11-10T06:59:00.000-08:00

Realty Times - Five Great Things about Homeownership

Real Estate Orange County California Homes and Condos

2011-10-30T09:52:00.001-07:00

For Lease In Rancho Santa Margarita. Granite counters! 2 bedrooms/ 2 baths, attached garage, covered deck. $1600/mo

From: http://ping.fm/4CuM8

September 2011 Real Estate News

2011-09-10T18:07:00.000-07:00

http://realtytimes.com/154/KathyScruton

Real Estate Rancho Santa Margarita FHA Approved Tract

2011-07-27T11:50:00.000-07:00

Reduced! 22735 Wood Lake Ln, Lake Forest, Home For Sale, Short Sale

2011-07-13T22:00:00.000-07:00

Approved Short Sale, 21085 Briarwood, Robinson Ranch

2011-07-13T21:45:00.000-07:00

Kathy Scruton - The Local Expert Who Makes the Difference

2011-07-02T10:16:00.001-07:00

Search like an agent, track your neighborhood!

From: http://ping.fm/9T3WZ

28 Pantano, Rancho Santa Margarita, Floramar Tract

2011-07-01T17:27:00.000-07:00

Watch this video and "LIKE it'!!

2011-07-01T15:13:00.001-07:00

28 Pantano, Lakefront Townhome Just Listed, Floramar Tract http://ping.fm/StnIk

Lake Forest CA Home For Sale in Hidden Lakes Tract

2011-06-28T10:16:00.001-07:00

RSM Condo Reduced - 81 Brisa del Lago, Rancho Santa Margarita, CA 92688

2011-06-27T23:25:00.000-07:00

YouTube - 81 Brisa del Lago, Rancho Santa Margarita, CA 92688

2011-06-16T11:55:00.001-07:00

Kathy Scruton - The Local Expert Who Makes the Difference http://ping.fm/oep98

Some lenders allegedly deny mortgages to women on maternity leave

2011-06-13T18:10:00.000-07:00

Some lenders allegedly deny mortgages to women on maternity leave

Open House 6/11 ans 6/12

2011-06-09T20:47:00.000-07:00

http://myemail.constantcontact.com/Price-Reduced-on-RSM-Lakefront-Condo.html?soid=1101200371196&aid=XFbwVc9d7PA

2011-06-09T06:06:00.000-07:00

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

Kathy Scruton's Real Estate Update - June 2011

2011-05-31T22:47:00.000-07:00

Kathy Scruton's Real Estate Update - June 2011http://realtytimes.com/151/KathyScruton

21085 Briarwood, Robinson Ranch for $484,900

2011-05-28T12:34:00.001-07:00

Open June 4, 1-4pm

From: http://ping.fm/JTBbB

Fannie Expands 'Imminent Default' Test, Issues Short Sale Value Rules

2011-05-27T07:30:00.001-07:00

This evaluation hierarchy involves first assessing the borrower’s cash reserves, which can be no more than $25,000;

From: http://ping.fm/cysSt

Foreclosure Activity at 40-Month Low: RealtyTrac

2011-05-12T11:47:00.000-07:00

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

HAMP's Re-Default Rate Below Industry Benchmarks at 16%: Treasury

2011-05-09T09:43:00.001-07:00

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

2011-05-09T09:40:00.001-07:00

Vegas Sales at Five-Year High as Investors Seek Out Distressed Homes http://ping.fm/7tV1A

2011-05-04T07:59:00.000-07:00

My New Lake Front listing will be online by May 15th or sooner. Here's the view from it! 1 Bedroom + Loft listed for $265K

Inventory Getting Snapped up By Homebuyers

2011-05-03T00:09:00.000-07:00

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!

"Cash For Keys" in the Foreclosure Process

2011-04-19T11:37:00.000-07:00

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.

Just Listed New Foreclosure 51 Via Barcelona.wmv

2011-04-15T21:13:00.000-07:00

New Month to Month Lease Listing in Lake Forest

2011-04-15T12:10:00.000-07:00

Looking for a month-to-month lease while trying to figure out your next move? This home may be just perfect for you and it is available May 1st! It is $2650/month and it's about 2100 square feet with 3 bedrooms, a family room, formal living room, dining room and huge kitchen.

Incredible spacious remodeled single family home with one of the largest lots in the tract. Huge slab granite kitchen with newer custom cabinets, formal dining, living and family room. Wrap around yard has two patios and lots of grass. The two car garage has an extra long driveway that can accomodate up to 4 cars. Newer microwave and dishwasher. High end fridge is included along with washer and dryer. Upstairs deck. Two fireplaces with one in the master. Crown and base moldings. Month to month lease.

Proposed settlement would force banks to allow short sales for delinquent homeowners

2011-04-13T16:31:00.000-07:00

Proposed settlement would force banks to allow short sales for delinquent homeowners

How Long Before They Foreclose on Me?

2011-04-13T11:19:00.000-07:00

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

3068 Clover Ontario CA

2011-04-08T18:02:00.000-07:00

When Can I Buy?

2011-04-07T17:32:00.000-07:00

After a Short Sale, BK or Foreclosure, When Can I Buy?

Ask A Landlord

2011-03-23T14:42:00.000-07:00

Browse Kindness Ideas | Random Acts of Kindness

2011-03-21T21:12:00.000-07:00

Great Idea Site for personal and business:
Browse Kindness Ideas Random Acts of Kindness

Save the Date for Taste of Ladera - Orange County, California, Resources, Businesses, Shopping and Fine Dining

2011-03-10T10:13:00.001-08:00

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

For Lease in Rancho Santa Margarita

2011-03-09T10:57:00.001-08:00

Remodeled top to bottom $2100/mo

From: http://ping.fm/kbWVJ

BofA to Double Outreach Staff but Fixing Legacy Issues to Take 3 Years

2011-03-09T10:42:00.001-08:00

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

Homeowners are the association

2011-02-19T05:44:00.000-08:00

“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

San Onofre reactor begins start-up

2011-02-16T09:32:00.000-08:00

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

Homeownership: American Dream or American Nightmare?

2011-02-11T07:38:00.000-08:00

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.

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.

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.”

Dean Runs Across America - Live with Regis and Kelly

2011-02-04T08:27:00.000-08:00

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.

Treasury Department Amends HAFA Program to Increase Borrower Eligibility

2011-01-16T19:58:00.000-08:00

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.

Few Homeowners Helped by Obama's Loan Programs

2011-01-16T11:06:00.000-08:00

Few Homeowners Helped by Obama's Loan Program

Mortgage Interest Rates Fall Back This Week

2011-01-07T06:46:00.001-08:00

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

Laguna Hills Foreclosure.wmv

2010-12-29T20:27:00.000-08:00

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

2010-12-29T08:57:00.001-08:00

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

Congressman Seeks Disclosure From FHFA Regarding Write-Downs

2010-12-20T14:25:00.001-08:00

...already approaching $150 billion – and run counter to the statutory obligation of FHFA to minimize taxpayer exposure

From: http://ping.fm/rkJv0

Zzzzzz: 15 reasons you need more sleep [infographic]

2010-12-16T16:58:00.000-08:00

For those that don't think they need much sleep!

Zzzzzz: 15 reasons you need more sleep [infographic]

Foreclosure Under Market in Mission Viejo

2010-12-15T10:47:00.001-08:00

Reduced to $549,000! 3 + Retreat + Loft, possible conversion to 5 bedrooms!

From: http://ping.fm/avai0

Orange County Homes and Condos, Short Sales, REOs, Equity Sales

2010-12-15T07:46:00.001-08:00

Lease reduced to $1450! RSM 2 bd/2ba large fenced patio.

From: http://ping.fm/W2HGO

Current Market Charts | first tuesday journal online

2010-12-11T11:01:00.000-08:00

Great Market Info for California
Current Market Charts first tuesday journal online

Foreclosure Reduced to $549,000

2010-12-10T17:29:00.000-08:00

Orange County Homes and Condos, Short Sales, REOs, Equity Sales

2010-12-10T09:32:00.001-08:00

Bank Owned Foreclosure Just Reduced $40,0000 to $549,000. Who do you know? This is a deal!

From: http://ping.fm/UJo1g

17 Vista Colinas, Rancho Santa Margarita CA - Trulia

2010-12-07T15:51:00.001-08:00

Awesome upper end unit detached on 3 sides with large covered porch for entertaining. Bamboo floors, laundry room, light and bright. Across from the Lake in RSM. Reduced to $227,500

From: http://ping.fm/iW2eA

Mission Viejo Foreclosure

2010-12-02T20:26:00.000-08:00

Sellers Get $3000 Relocation Assistance

2010-12-01T05:09:00.000-08:00

Today it felt good to be able to see a smile on my clients face after the long process of Short Selling their home. Just 24 hours after closing escrow they got their $3000 Relocation Assistance check from their lender. This was using Obama's HAFA program.

Not all Short Sale scenarios will qualify for HAFA, but many do. Some lenders require a homeowner to apply for HAMP (loan modification) before they will approve a HAFA application. And for those that don't there are other programs available. Information can be found on numerous different programs that are available for homeowners having a hardship and want to explore their options through a Short Sale, Deed in Lieu or a Modification on their First or Second Trust Deed. The information can be found at http://www.makinghomeaffordable.gov/
Patience is required (up to a year or more sometimes) as the available programs are time consuming and require diligence on your ability to gather and send paperwork, keeping copies for resending them if lost, and filling out all of the requested forms completely. Every month sending updated bank statements and paystubs is usually required also. You must sign a document to allow your tax returns to be ordered although you will also be providing them with submission.

REO Resales in CA | first tuesday journal online

2010-11-15T09:04:00.001-08:00

NODs and Trustees deeds will rise for around four years, well into 2014, before heading for the equilibrium rate of below 10% REOs of all sales in the MLS marketplace, most likely in the 2016 period.

From: http://firsttuesdayjournal.com/reo-resales-in-ca/

Housing to Continue in Recession with Loan Volume Slipping: iEmergent

2010-11-15T08:29:00.001-08:00

iEmergent says the decline is mainly due to a 29 percent drop in projected refinances from 2010 to 2011, while home purchases are expected to drop only slightly by 0.5 percent.

From: http://ping.fm/Kq0lD

November Real Estate Update

2010-11-12T08:29:00.001-08:00

This month's issue includes topics such as:
"Knowledge Is Power When You Buy A House";
"Four Questions Help Determine Improve vs. Move";
"Kitchen Remodeling Trends";
"Questions You Should Ask About Property Taxes";
"Eight Out of 10 Still Believe Buying a Home Makes Good Financial Sense"

From: http://ping.fm/qceqA

November Real Estate Update

2010-11-12T08:28:00.001-08:00

2010-11-12T08:25:00.001-08:00

November Real Estate Update http://ping.fm/h9Ju6

2010-11-03T10:25:00.001-07:00

Homeownership Rate in U.S. Holds at 11-Year Low http://ping.fm/DZfsl

2010-11-02T18:16:00.001-07:00

GSEs Instruct Servicers to Help Unemployed Through State Programs http://ping.fm/xwCw2

Chapter 13 Saves Family From Foreclosure

2010-10-26T13:49:00.000-07:00

Last week I was assigned a Bank Owned listing in RSM and went to the house to do my Occupancy Check. Six adults and two kids were living there. The Owner told me his attorney told him he didn't have to move. So I left and called my Title Rep at California Title and within just minutes of my call she called back and had discovered that 2 hours before the house was sold at the Trustee Sale the Owners had filed a Chapter 13 Bankruptcy! They should have been protected from the Trustee Sale but the County didn't have time to update all the records before the Sale.

So this was the first REO listing I had where I called the owner and told him I was no longer assigned to sell his house and it had been removed from inventory! It was nice to have a happy story about REOs after having had to break the news to so many families these past few years.

YouTube - KathyScruton's Channel

2010-10-23T22:44:00.000-07:00

YouTube - KathyScruton's Channel

Making payments on 2nd loan can discourage bank from helping on the first one

2010-09-30T05:33:00.000-07:00

Making payments on 2nd loan can discourage bank from helping on the first one

Media: News Releases > Fannie Mae's Latest Nationwide Survey Shows Consumers See Mixed Outlook for Housing

2010-09-22T20:20:00.000-07:00

Media: News Releases > Fannie Mae's Latest Nationwide Survey Shows Consumers See Mixed Outlook for Housing

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation

2010-09-01T09:31:00.000-07:00

I get calls from Clients and people seeking a free Consultation all the time wanting to know if they will be taxed on their forgiven debt when they do a Short Sale, Foreclosure or Deed in Lieu. I tell them that they may be taxed on forgiven income but they need to call their CPA, Tax Advisor or Real Estate Attorney for the facts. This article help answers these questions.

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation

12 Flossmoor, Dove Canyon.wmv

2010-07-30T23:26:00.000-07:00

REDUCED Lake Front For Sale. 22776 Bayfront Lane, Lake Forest.wmv

2010-07-12T20:09:00.000-07:00

REDUCED to $579,900, Lake Front For Sale. 22776 Bayfront Lane, Lake Forest.wmv

2010-06-20T20:32:00.000-07:00

Your Graceful Exit

2010-06-09T20:09:00.000-07:00

28 Celosia Reduced to $309,900

2010-05-21T11:23:00.000-07:00

Approved at $347K 18 Tierra Seguro, RSM

2010-04-28T10:27:00.000-07:00

March 2010 California Foreclosure Report

2010-04-20T16:47:00.000-07:00

YouTube - KathyScruton's Channel#p/f

2010-04-17T23:22:00.000-07:00

YouTube - KathyScruton's Channel#p/f

California Passes Mortgage Debt Forgiveness

2010-04-14T08:50:00.000-07:00

If you've been worried about getting taxed on the forgiven debt from your Short Sale or Loan Modification, California now has your back. http://www.trulia.com/blog/kathy_scruton/2010/04/california_waives_state_taxes_on_forgiven_mortgage_debt

One-Day Freddie Mac Auction Blitz Announced

2010-04-04T11:00:00.000-07:00

Freddie Mac Annouced that their HomeSteps Division is going to have a one-day Auction of 111 Riverside County and San Bernardino foreclosed homes. Buyers of these homes may also qualify for closing costs and/or downpayment assistance.
This Auction will be split into a morning and afternoon session. The morning session is for first time homebuyers only. The afternoon session is for buyers buying a principal residence (not an investment property).
The Auction is closed to the Public and you must have your Realtor Register you and go with you to preview the homes several days before the event.
I am not a fan of Foreclosure Auctions because of the risk involved, but this Freddie Mac Auction appears to be different because they claim that the homes have been inspected and repaired. (They are "as is" purchases with no additional repairs made).
This comes down as part of the Neighborhood Stabilization Program (NSP) put together by President Obama.
These homes will be under contract in time for buyers to take advantage of the many available tax credits before the cutoff deadlines.
Buyers must Authorize a 5% charge to their credit card to show their "earnest money". Only the winning bidder will have his card charged or he may replace the card with the earnest money.
A 5% premium or $2500 will be added to the winning bid to determine the actual purchase price.

For more information email kathy@ksreosolutions.com or call me at 949-233-5251.

Kathy Scruton, Realtor/Consultant
CEO, KS REO Solutions
RDCPro, ePro, NASSPro, D-REO, SFR
Short Sale Certified, Home Retention Counselor
RealTrans, Resnet, REOMAC Attendee
Prudential California Realty
www.KathyforHomes.com
www.KSREOSolutions
http://twitter.com/ShortSaleOC
Tel: 949-233-5251
DRE#01321040

Loan Modification Evaluator Tool

2010-03-27T12:36:00.000-07:00

Making Home Affordable has put some tools on their website that can help answer your questions about a possible Loan Modification. There is an Evaluator Tool and a Questionnaire.

If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible. To see if you may be Eligible fill out a brief questionnaire. For the evaluator tool go here.

New Foreclosure Listing In Canyon Hills

2010-03-25T19:53:00.000-07:00

I'm very excited about my new forclosure listing in the Master Planned Community of Canyon Hills in Riverside County. First of all, because it's not a dump like the previous few foreclosures, and second of all because it's beautiful and large! I've been on a roll of not-so-nice foreclosures for awhile, so this home is a breath of fresh air. It is gorgeous and someone is going to be so happy when they have their offer accepted! The architecture is so nice, with stone accents and details that I should know the words for, like the round entry that goes all the way to the upstairs where there is a fabulous sitting/reading room with windows. I know there's a word for that shape. No, just because I'm a Realtor I don't know these kind of details. A 2-story-round Foyer, how's that?

Anyway this home isn't priced yet, and not in the MLS since I don't have a price. I'm expecting to know in about 2-3 weeks, but comparable wise, I'm thinking about mid-$250k's. Take a look at the video on you tube and let me know if you have any comments.

Click here for the Video: #Flowerhill REO