Archive for the 'Foreclosures' Category
Open House @ the Ocean in Solana Beach Saturday October 22nd 12:30 to 4p.m.
Posted by Nick Bednorz | Leave A Comment »
Located @ 707 Sierra Ave South in Solana Beach CA 92075 Offering Price $649,500Not a foreclosure or Short Sale.
Real Sellers. Real Motivated
Owners want out of Property Management
Extras and Upgrades Include:
- Travertine Floors throughout
- Stone Countertops in Kitchen & Baths
- Bathrooms have been Upgraded
- 2-master suites
- 2 1/2 bathrooms
- 1 bathroom in each bedroom plus 1/2 bath for guests
- vaulted ceilings
- southerly view from living room,kitchen & Dining Area
- pool
- gated beach access
- small intimate complex with only 30-units
- Short Walk to Del Mar Race Track and County Fairgrounds
- Near Cedros Design District, Restaurants and Entertainment:
- Brigantine restaurant
- Belly Up
- Fletcher Cove
- Schools
- View other homes @ www.nickbednorz.com
- open this link to view MLS sheet Residential Client Full (All Pages)
- Click this link for virtual Tour
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THE REWARDS OF “DOING YOU”
Posted by Ana Gramling | Currently 4 Comments »
I have always called myself “the lucky girl”…
I was born on 8-28-58 (yes, I’m getting OLD) and, in most Asian countries, the number 8 is considered lucky…I believe this is true!!!
From a very early age, I learned that my purpose in life was to help others. So, it’s not unusual that today I am a Realtor® helping my clients to buy and sell real estate.
But, what TRULY brings me the most joy is my personal commitment to giving back to our community and to serve others during their time of need. If you hear me say “I’ve got your back” know that I MEAN IT!!! Loretta Lynn once said about her life, “I just want to matter”. This statement has become my personal mantra.
Two weeks ago, I was interviewed as a candidate for San Diego Magazine’s Woman Of The Year for their publication on women who change the city. I am humbled, and extremely excited to share with you that I am a finalist for this prestigious award!!! This award recognizes “dynamic women who work to create positive change and contributions to the San Diego community”. What I can tell you, is that the list of women who are likewise being considered have contributed to our city in ways that will make you SMILE…CRY…AND STAND UP AND APPLAUD THEIR ACCOMPLISHMENTS!!!
So…you’re probably asking yourself…”What has Ana done to garnish such accolades???”
Anyone who knows me will tell you that every Monday morning I am one of thousands of volunteers who deliver meals to homebound Seniors on behalf of Meals On Wheels. I can’t think of a better way to start my week!!! I LOVE MY SENIORS and I can honestly say they are all my friends! One of my Seniors, Josie who is 83 years “young”, is a founding member of the “Madres” organization. The Madres are affiliated with the San Diego Padres, whose mission is to sponsor underprivileged youth to play baseball and softball in San Diego County. Through Josie’s sponsorship, I too am now a proud member of the Madres.
I am also the President of the homeowner’s association for the downtown condo community that my husband and I live in. I spend approximately 20+ volunteer hours per week on behalf of our homeowners association and can proudly say I have made a positive difference to our community. If you are ever in downtown San Diego, I welcome you to call me as I would love to take you on a tour of our building!!! Who knows, you just might like it enough to have me represent you in a purchase of a downtown condo!!!
In addition, I mentor several real estate agents as I am pleased to have the good fortune to have had some success in my real estate career as a resale agent…especially in short sale listings. I can boast that I have a 100% success rate in all my short sale listings…something I am EXTREMELY PROUD OF!!!
Related Posts: Awards and Recognitions, Buyers, Condos & Townhomes, Downtown, Find A Home, Foreclosure Avoidance, Foreclosures, Homeowners Associations, homes for sale, Investment Properties, New Homes, New Listings, Open Houses, Real Living Lifestyles, San Diego, Sellers, Short Sales
Thinking of Walking Away from Your Mortgage?
Posted by Sara Driscoll | Leave A Comment »
Strategic Default – Is it for you?
If you are considering whether to “strategically default” on your mortgage, be sure to look into all of your options. Results of a recent study estimates that 36% of Americans think that walking away from their mortgage is a viable solution when they owe more on their home than it is worth. With one in four American homeowners “underwater”, you are not alone.
In a “strategic default”, homeowners simply stop paying their mortgage when they owe more than the home is worth. They just walk away, not understanding that the inevitable foreclosure carries consequences they haven’t considered.
3 Reasons to Question the “Strategy” in “Strategic Default”:
1. Defaulting on purpose is not strategic. Options including short sale, mortgage modification and refinancing (just to name a few) are worth consideration before you expose yourself to credit issues, current and future employment challenges, security clearance problems and possible debt collections which can result from a foreclosure.
2. Waiting periods to obtain a new mortgage are considerably less in a short sale vs. a foreclosure–possibly as much as five years less.
3. A foreclosure will appear on your credit report and affect your financial situation for many years to come. That will be inconvenient, to say the least, every time you apply for a home loan, auto loan, new job, and many other occasions.
Fortunately, you have options available to avoid foreclosure and protect your financial future. Always seek legal advice before deciding on your strategy.
Request our report today and create a genuine strategy which will help to protect your financial future.
Survey Source: Chicago Booth/Kellogg School Financial Trust Index
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Sara & Daryl | 858-876-5643
Related Posts: Foreclosure Avoidance, foreclosure options, foreclosure prevention, Foreclosures, San Diego, Short Sales
Tips for Distressed Borrowers
Posted by Lisa Herndon | Leave A Comment »
What do you do if default on your mortgage is imminent? Countless homeowners are asking that very thing! The following 8 tips will help answer this burning question and guide you to resolution!
1. Act Quickly! - Before you can no longer pay your mortgage, call the bank and tell them that default of the mortgage is imminent. This action will get their attention and get the ball rolling toward resolution!
2. Keep calling the lender – DON’T GIVE UP! - Some banks are more responsive than others. If you are dealing with a lending institution that you feel aren’t giving you answers quickly enough, keep calling! Be persistent.
3. Have all financial records in order - You will need:
- Tax Returns for the last 2 years
- W-2′s or 1099′s for the last 2 years
- Last 30 days paycheck stubs
- Last 90 days bank statements
- Personal financial statements
- Hardship letter detailing the circumstances that have lead to the inability to continue paying the mortgage
4. Talk to a HUD Approved Foreclosure Intervention Specialist. - This is a free service through www.hud.gov.
5. Consult with the loan officer who originated the loan. – If the loan officer who originated the loan is still available, contact them to see if they have any programs that can help.
6. Ask an attorney to send a letter to the bank. – Often, a letter from an attorney will get the banks attention faster and compel them to act on your case in a more timely fashion. Attorney’s fees can vary but you can often find an attorney who will write the letter for $100-$200.
7. Ask a licensed Real Estate Agent for assistance. - In this economy, Real Estate Agents work closely with banks to assist their clients in financial distress concerning their home mortgages. A licensed Real Estate Agent can help you through the process and may have personal experience dealing with your bank!
8. Contact external help! - If you are still not happy with the bank’s responsiveness or answers you are getting, contact the Controller of the Currency at www.occ.gov or, if dealing with a national bank, visit www.helpwithmybank.gov for guidance.
Related Posts: Agent Services, Financial news, Foreclosure Avoidance, foreclosure options, foreclosure prevention, Foreclosures, Home Loans, Sellers, Short Sales
6 Tips For Trying To Get Your Short Sale Approved
Posted by Jennifer Burroughs | Leave A Comment »
6 Tips For Trying To Get Your Short Sale Approved
Let’s face it, Short Sales are the new reality. We can no more ignore them than you can ignore that excruciating headache you get when the weather changes! We can’t escape them, so lets discuss how to deal with them with the least amount of pain and in the shortest time! If you are considering a short sale as an option for getting out from underneath your home, there are a few things you should consider and do as you start this process. These “tips” are exactly that, they are ideas, suggestions, things to think about, they are NOT legal advice and should not be construed as such! With that being said, “Tip” #1 is to consult an attorney and/or CPA before proceeding with a short sale. A good Realtor will help you navigate through the process and handle the negotiations, but they can not and should not tell you how to proceed and what your “best” financial options are.
#2 Act Quickly ~ Get on the phone to your lender. Ask specifically to be transferred to the “loss mitigation” department (they will know what you are talking about). Then tell the person on the other end of the line that “default is imminent” and ask them how to proceed with a short sale.
#3 Keep Calling ~ Don’t give up. Inevitably, they will loose your file or some form that they request you send them. Mark your calendar and call them 2-3 times a week to follow up.
#4 Have All Financial Records In Order ~ Here is a list of items you will need to gather. A) Tax Returns (2 years) B) W-2′s or 1099′s (2 years) c) Last 30 days of pay check stubs D) Last 90 days of Bank Statements (both sides) E) Personal Financial Statement – you will need to provide your own personal version of a profit and loss statement. F) Hardship Letter – This letter should detail the circumstances that have lead to you needing a short sale. You must have a legitimate hardhship. Also keep in mind, that as each 3o days go by, you will need to update your pay stubs and bank statements.
#5 Talk to a HUD-Approved Foreclosure Intervention Specialist ~ You can visit the HUD website at www.hud.gov
#6 Contact the Office of the Comptroller of the Currency ~ This is the department that regulates the banks and how the disperse monies. If you are having trouble getting an answer go to their website at www.occ.gov and link to www.helpwithmybank.gov
These are just 6 quick tips for you to think about. Short Sales are not fun and they are not easy, but there is a benefit to getting them done vs. foreclosing. If you are thinking about embarking on a short sale, you need to have a team of agents, negotiators, escrow officers, title reps and more, on your side. Call us today for a confidential appointment to determine if a short sale is right for you.
Susi and Jennifer are full time real estate professionals, specializing in both San Diego and South West Riverside Counties. We are fully dedicated to helping our clients successfully achieve their real estate goals. You can reach Jennifer at JennBurroughs@gmail.com and Susi at Susi@SusiVickery.com. You can also visit our blog at www.REontheMove.com
Related Posts: Area Information, Foreclosure Avoidance, foreclosure options, foreclosure prevention, Foreclosures, Homeowners, homes for sale, Poway, poway real estate, San Diego, Sellers
