Mike Patel's Weekly Video Real Estate Update October 14th,2010 The market is always changing.What you are hearing from the mainstream national media about Real Estate is only one small part of the story. Here is the link to my Video Newsletter: for the latest. http://www.patelsupdate.com My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Real Estate NewsInterest RatesMortgage AdviceQuestion & Answers Plus much more. It is "real time" and changes weekly. Whether you are thinking about selling or buying, or you just want to keep abreast of the market, I hope you find this information useful and informative. Please contact me any time. 10/14/2010

ANAHEIM WELCOMES 4,000 THIRD GRADE STUDENTS TO THE GIFT OF HISTORY EVENT  ANAHEIM, Calif. (Oct. 5, 2010) - The City of Anaheim is proud of its 153 year history, and to celebrate,  4,000 third grade students participated in this morning's The Gift of History event at the Anaheim Convention Center, at the invitation of Anaheim Mayor Curt Pringle.    The Gift of History is an opportunity for students to learn about the city in which they live and attend school.  In addition, the students learned valuable life lessons from special guests and participants, including Mayor Pringle, Anaheim Police Chief John Welter,  Anaheim K-9 unit officers and their dogs, Angels Baseball broadcaster Jose Mota, author Gail Eastman, Disney executive Lisa Haines, Anaheim Ballet, and players from the U.S. Men's... 10/06/2010

Disneyland is All Decked Out and Ready for Halloween - Speechless Sundays          Mickey and his friends have Disneyland all ready for Halloween with the Haunted Mansion, Big Thunder Mountain Ranch and even Space Mountain getting in on the act, there is plenty for all ages to enjoy at the Happiest Place on Earth. 10/03/2010

Where is Your Cash Cow -  Get it Now. So I was prospecting to find sellers who owned rentals in the Anaheim and Anaheim Hills. I was calling on them to see if they wanted to sell their rental properties or if they had thought about more properties since the home prices are low and the interest rates are at historic lows!   I remember when I started real estate,a seller I was talking to mentioned to me, 'Son, buy 10 homes now, so when you retire, you will have Cash Flow, don't rely on social security, it won't be enough"  Well, it happened to me again. I had called on an elderly gentleman who now lives in the San Diego county. I asked him over the phone if he wanted to sell his house. He had owned it since 1977. He said "Young man, that is my Cash Cow! The tenants have been staying there... 10/02/2010

Mike Patel's Weekly Video Real Estate Update September 29th, 2010 The market is always changing.What you are hearing from the mainstream national media about Real Estate is only one small part of the story. Here is the link to my Video Newsletter: for the latest. http://www.patelsupdate.com My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Real Estate NewsInterest RatesMortgage AdviceQuestion & Answers Plus much more. It is "real time" and changes weekly. Whether you are thinking about selling or buying, or you just want to keep abreast of the market, I hope you find this information useful and informative. Please contact me any time. Sincerely,Mahesh Mike Patel 09/29/2010

It is true that the higher the inventory, the more the competiton to sell homes. This cause a stablility on homes prices or even a drop in price. Notice the rise in inventory for the last several months. 09/25/2010

Here is snapshot of average Dollar per square feet price of homes sold in Anaheim 09/25/2010

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you're in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. Please click on this link to view the Housing Trends SEPTEMBER - 2010 Newsletter http://mikepatel.housingtrendsenewsletter.com The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.   It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates an... 09/24/2010

I Never have time to Blog, only when a Plumber visits my homes. I have always wondered when I would have time to blog. All the gurus are saying, 'blog blog..'. But usually I have no ideas on what to blog or when to blog. I starting blogging more constantly about a month ago, and found out the right time to blog is when you have a thought on your mind or an urge to say whats on your mind. It is 8:30am here in beautiful Anaheim Hills, Orange county, and I am at home with a plumber, he is fixing things up!  He could only come today between hours of 8-12am today. I always wondered why it is always that they have a 4 hour period for an appointment, imagine agents setting up appointments and saying I will be there between 4-8pm!   The gas companies and electric companies do that as well. Anyw... 09/21/2010

Anaheim Hills Loan Modification:  40 year loan - Yikes I live and work in Anaheim Hills. I have come across many home owners work on the loan modification. Many manage to pull it off and many just cannot get the loan approved. I came across an acquaintance of mine who just had his house loan modified. The house is in Anaheim Hills. The value of the house is close to $500,000. His loan amount is approximately $450,000 and he has owned the house for about 5 years, yes he bought in 2005! The bank he was dealing with was Citi mortgage.  It took him almost 8 months to negotiate the loan. So I asked him  what the advantages and disadvantages were of this Anaheim Hills homes loan modification.  Here is what he told me:   Advantages of his Loan Modification: 1. Interest rate drop from 6.25%  to... 09/19/2010

Anaheim Transportation Faire To Benefit Local Charities  The 19thannual City of Anaheim Transportation Faire begins Wednesday, Sept. 22, giving citizens a trip down memory lane by featuring "Classic Television" as this year's theme.  Proceeds from the Transportation Faire, which includes the much anticipated Chili Cook-off competition, will benefit local charities.  The Chili Cook-off, in Downtown Anaheim on Center Street Promenade, will feature a dozen varieties of homemade chili.  The competition is open to the public and taste-testers are welcome to sample some or all of the dishes.  The competition will take place from 11:30 a.m. - 1:30 p.m. on Sept. 22.  Tickets are available and are being sold as two tickets for $1.  Participants in the Chili Cook-off competition are also encourag... 09/19/2010

Weekly Video Real Estate Update September 15th, 2010, Anaheim Ca The market is always changing.What you are hearing from the mainstream national media about Real Estate is only one small part of the story. Here is the link to my Video Newsletter: for the latest. http://www.patelsupdate.com My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Real Estate NewsInterest RatesMortgage AdviceQuestion & Answers Plus much more. It is "real time" and changes weekly. Whether you are thinking about selling or buying, or you just want to keep abreast of the market, I hope you find this information useful and informative. Sincerely,Mahesh Mike Patel MikePatelGroup www.houseoogle.com www.homesinnorthorangecounty.com anaheim real estate, anah... 09/15/2010

AlertOC Test for Anaheim Residents. County Wide Notification System On Spetember 15th, City of Anahim, Calif. may receive a TEST message from AlertOC.  This is only a test, and the message will be identified as such.  AlertOC is the county-wide mass notification system.  Should there be an actual emergency, AlertOC may be activated and instructions given on the recorded message in conjunction with Anaheim Alert.  Last year the City of Anaheim introduced Anaheim Alert, a way for residents, businesses and visitors to stay informed of time-sensitive city information, via e-mail or cell phone text messages.  An opt-in text-based community notification system, Anaheim Alert messages include time-sensitive information related to unplanned road closures, power outages, event venue traffic cong... 09/08/2010

Downtown Disney Contemplation - Speechless Sunday             He was fascinated by this fountain at Downtown Disney and couldn't get enough of watching the water at least not until his brother distracted him and they began giggling and laughing together.  There's just something about water fountains that seems to attact young and old. 09/05/2010

ROAD CLOSURES IN ANAHEIM FOR SUNDAY, SEPT. 5 ANAHEIM, Calif. (Sept. 3, 2010)  Please note the following road closures* on Sunday morning, Sept. 5, for the 2010 Disneyland® Half Marathon: •·        Disneyland Drive (00:01-08:00) - Between Ball Road and Paradise Way (Access to Mickey & Friends Parking Structure remains open) •·        Magic Way (00:01-10:15) - Between Disneyland Hotel Place and Disneyland Drive •·        Katella Avenue (05:00-07:00) - Westbound from Disneyland Drive to Harbor Blvd. •·        Harbor Blvd. (05:00-07:00) - Southbound from Katella Ave. to Disney Way •·        Disneyland Drive (05:00-10:15) - Between Katella Ave. and Paradise Way •·        Ball Road (05:15-08:00) - Eastbound from Disneyland Drive to Anaheim Blvd. •·        Anaheim Blvd. (05:15-08:15) - Between... 09/03/2010

Señor Short Sale Says….Here’s a short sale funny for you to check out!                             Try to remember that a Short Sales can be frustrating for everyone involved.  However, I hope you enjoyed this little clip and remember a little humor goes a long way.   08/30/2010

  Using your VA Home Loan Benefit in Orange County -part 2 - refinance your home with a VA Loan The VA Home Loan benefit is a great opportunity for Orange County  Veterans and Active Duty Military to refinance an OC home or Orange County condo.   We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit.  VA Loans require zero downpayment up to $700,000 in Orange County. VA Refinance Loans - available up to 90% of your homes value VA Jumbo Refinance Loans  - also available up to 90% of your homes value with corresponding amount of home equity.  these are also know as VA High Balance loans. VA IRRRL Streamline Refinance Loans  - Refinance into a lower rate with reduced documentation requirements, up to $1.5M in Orange County... 08/29/2010

  Using your VA Home Loan Benefit in Orange County, part 1 - Purchase a home The VA Home Loan benefit is a great opportunity for Orange County Veterans and Active Duty Military to purchase an OC home or condo. We thought it would be a good idea to quickly review the benefits of VA Loans, and a few ways to use them to your benefit. VA Loans require zero downpayment up to $700,000 in Orange County. VA Loans - zero downpayment required up to $417,000 VA Jumbo Loans - zero downpayment required up to $700,000 in LA (aka VA High Balance) VA Jumbo Loans up to $1.5M (with downpayment) Orange County VA Loans are available up to $700,000 with zero downpayment required. The Orange County VA Loan Limit in 2011 is $700,000.   However,Veterans are not limited to the Orange County Loan limit of $700,0... 08/29/2010

Opportunity Alert for FHA & FHA Jumbo Home Loans -  Rates for FHA & FHA Jumbo Loans for Purchase of a home, Refinance, & FHA Streamline refinances are at all -time lows this week.    World and Euro Money market worries continue to cast doubt about the economic recovery worldwide.  This has driven down US Mortgage rates.  FHA and FHA Jumbo (AKA FHA High Balance) Loans are at their lowest point ever this week. If your current Interest Rate is too high (5.25% or higher),  please give us a call to get started and lock in your low rate.    These rates will not last, the markets are very volatile.   Call 760-752-4480 and we can give you a quote to see if you would benefit.  Call 760-752-4480 and we can give you a quote to see if you would benefit.  VanDyk Mortgage is able to offer competitive... 08/24/2010

    Señor Short Sale Says…. Avoiding Probate in California is easy! It is easy to avoid probate if you prepare in advance. Here are a few of the methods for avoiding probate: LIVING TRUSTS: Assets owned through a living trust do not need to be probated. JOINT TENANCY: An asset will not usually be in probate if it is owned by two or more people as joint tenants. The assets can be identified by the words "joint tenants," or "in joint tenancy," "JT TEN," or similar wording. Also when a joint tenant dies, the other joint tenant takes 100% ownership of the asset.  It doesn’t matter what the will or trust says about the property of the deceased joint tenant. One drawback to Joint tenancy is that it is not recommended for assets that can go up in value.  Such as a home, because the surviving j... 08/17/2010