Anaheim, CA Real Estate News

Anaheim, Ca First Time Home Buyer- Part 1: How to Choose your Real Estate Agent                                                                                         This will be the first in a series of first time home buyer blogs that I hope will be beneficial to all first time home buyers looking for pointers on how to prepare for purchasing their first home. Buying your first home is both exciting and trying. Choosing the right agent can mean the difference between your first set of home keys and disappointment. Here are a few tips to keep in mind when searching for the perfect agent for the job. First Time Home Buyer tip 1: Chose an agent who specializes in working with First Time Buyers. This might seem like stating the obvious but many buyers do not understand why this is impor...
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AVOID FORECLOSURE, ALLOW A CERTIFIED DISTRESS PROPERTY EXPERT REAL ESTATE AGENT TO HELP EVALUATE YOUR OPTIONS •v     Are You Going To Fall Behind Your Mortgage Payment? •v       •v     Have You Received A Certified Letter From Your Lender or Servicer? •v       •v     Are You Going Through Any Hardship Situation That Is Contributing To Miss Your Mortgage Payment? •v       •v     Are You In Pre-Foreclosure or Foreclosure Procedures? •v       •v     Have You Received Correspondence Of Notice Of Default? •v       •v     Is Your Company Relocating You Or You Need To Relocate? •v       •v     Not Enough Equity To Refinance or Sell? No matter what your current situation is, my team and I are ready to help you overcome even the toughest situation. Let's work together to analyze your current fin...
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By Carlos Morales
(Re/Max Homes and Estates)
AVOID FORECLOSURE, ALLOW A CERTIFIED DISTRESS PROPERTY EXPERT REAL ESTATE AGENT TO HELP EVALUATE YOUR OPTIONS •v     Are You Going To Fall Behind Your Mortgage Payment? •v       •v     Have You Received A Certified Letter From Your Lender or Servicer? •v       •v     Are You Going Through Any Hardship Situation That Is Contributing To Miss Your Mortgage Payment? •v       •v     Are You In Pre-Foreclosure or Foreclosure Procedures? •v       •v     Have You Received Correspondence Of Notice Of Default? •v       •v     Is Your Company Relocating You Or You Need To Relocate? •v       •v     Not Enough Equity To Refinance or Sell? No matter what your current situation is, my team and I are ready to help you overcome even the toughest situation. Let's work together to analyze your current fin...
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By Carlos Morales
(Re/Max Homes and Estates)
Loan mod frequently asked questions Anaheim California Hello folks, a lot of you are concern about what steps, activities, requirements are necessary to do a loan modification, we have heard that a lot of people don't qualify for it, why? let's keep in mind that all loan matters are and will be always subject to the final investor approval. Who is your investor? Your investor is in few words the owner of your note, the owner of your loan. this person or corporation is not necessarily the financial insitution you see in your montlhy mortgage statement, this could be just a servicer. For example: if your monthly mortgage statement displays the ABC Mortage Inc. this could be only the servicer not the actual investor, if you are doing a modification or negociation a short sale, both types o...
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By Duane Morrison
(Morrison Home Inspections, Inc.)
In the home inspection service industry, this deficiency is found and reported more frequently than all others. Hence, this article is long overdue.   I think the reason it is not given much attention and overlooked in California is our extremely dry climate. In fact, it has been several months since the last time we've had rain.  Because of this when it does rain, homes with inadequate grade can be predisposed to significant water damage and flooding.  The 2006 International Building Code was adopted by California and took effect January 1, 2008.  The grading rules are now in the mandatory code, not in the optional appendix; the minimum slope is now 5%; and optional methods and swales are now recognized.   When inspecting a home's grade, I look to see if the ground (whatever material i...
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By Carlos Morales
(Re/Max Homes and Estates)
SHORT SALE TIP The Mortgage Forgiveness Debt Relief Act  If I sold my home at a loss and the remaining loan is forgiven, does this constitute a cancellation of debt?   Does the Mortgage Forgiveness Debt Relief Act apply to debt incurred to refinance a home?   Do you want answers to these types of questions?The IRS speaks here. Our next Short Sale Tip will address how California is handling this issue.   As always, we recommend that you consult with your accountant or attorney to obtain advice as to how the information presented by the IRS will impact you.
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By Theresa Struckmeyer, Orange Ca Realtor
Anaheim, Ca Do It Yourself Loan Modification: Part 2   Do It Yourself Loan Modification step 6: So now you have gathered your documents and filled out your financial worksheet. Take a good look at the numbers. Do they make sense? If you have $3000 in income a month but have $5000 in expenses, for instance, make sure this is accurate. If you do not feel that you are negative $2000 a month then perhaps there is some income that you omitted. Make sure that you have included all income and expenses to give a clear picture.                                                                                             Do It Yourself Loan Modification step 7: Once you are sure you have calculated everything and your numbers are accurate, examine your situation. Let's take the example from earlier...
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By Theresa Struckmeyer, Orange Ca Realtor
Anaheim, Ca Do It Yourself Loan Modification: Step by Step Guide to processing your own loan modification. Part 1 Do It Yourself Loan Modification step 1: The first thing you want to do to process your loan modification is figure out your income. Gather pay stubs for everyone who works in the family and contributes to the mortgage. You want to figure out the net (what is brought home after taxes and deductions).  There is a trick to this depending on how you get paid. Let's say for instance you bring home $500 every 2 weeks. You may be tempted to put down you make $1000 a month but in actuality you make more because there are 52 weeks in the year.  So what you do is figure out your weekly pay which in this example is$250 x by 52 = $13,000 a year / 12 months= $1083.33 monthly income. If ...
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By Theresa Struckmeyer, Orange Ca Realtor
Anaheim, CA Do It Youreslf Loan Modification part 3 (last of the serious)....                                                                   Do It Yourself Loan Modification step 11: Once you have confirmed the lender has received your package, follow up consistently. You want to call the loss mitigation department at least once a week to check on your progress. Once you get assigned a loss mitigation negotiator try to get this persons contact information such as their email address, direct fax, and direct line. You want to make nice with this person because you don't want your case to be put at the bottom of the stack. You also want to be persistent. Follow up is key to success. Remember the people at the bank who are working on your file have at least 100 other files to work on. Th...
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By Theresa Struckmeyer, Orange Ca Realtor
Anaheim , Ca Short Sale vs. Foreclosure: 5 Reasons to Choose a Short Sale over a Foreclosure.                                                            Falling behind on mortgage payments is an unpleasant feeling but doing nothing about it and ending up losing your home to Foreclosure is not the best solution. Here are the top reasons why a short sale can help you and your family.                                                                                                              Your future home purchasing power: Just because things are bad now doesn't mean they will be this way forever. If a short sale is successfully negotiated, a homeowner can qualify for a Fannie Mae home loan in as little as 2 years.  On the other hand, a homeowner with a foreclosure on their record will ...
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By Sharon Paxson, Newport Beach Real Estate
(Compass)
All photographs are taken and posted by Sharon Paxson, copyright© 2009.  All rights reserved. Photographs may not be copied, or reproduced without the express, written permission of Sharon Paxson, Realtor, Prudential California Realty, Newport Beach.  Contact Sharon Paxson for permission for use of photograph, and permission may be granted in writing.
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By Lupe Medina & Oscar Matamoros
(RE/MAX Metro Real Estate Services)
Lo que ocurre cuando un prestamista no puede producir la nota original Un creciente número de propietarios de viviendas alrededor de el país está utilizando una defensa de ejecución que puede ayudarles a mantener sus casas. Se denomina " produce la nota " (como también conjuntamente propugnada por The Network de advertencia de consumidor) y queremos que sepa esto es no un mero tecnicismo que debe ser tratado ligeramente por el prestamista o por la Corte. todo el mundo necesita comprender la importancia de este problema. Cuando un prestamista no puede producir la nota original, lo que permite una ejecución proceder pone el propietario de casa en peligro de debido a que la deuda de nuevo a otro partido en el futuras. Por lo tanto, hay que tener mucha precaución antes de que puede permitir...
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By James Bergstrom
(Anaheim Mobile Notary)
My lap top was running so slow that opening a simple web page took a minute or two. I found a web site that will scan the memory already installed on your computer and will give you an upgrade option that is suitable.  http://www.crucial.com/systemscanner/index.aspx  . I took the test and printed out the info and drove to Fry's Electronics bought the memory ( only $12.00 ). I got home flipped over the laptop and installed the memory. This was my first time messing with a laptop. I also had the option of purchasing the memory online. When I open a web page now I click it and "bam"  like Emiril LOL. I can not believe what $12.00 did for me!
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By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
    10 Popular Reasons for Obtaining a Reverse Mortgage. (At least in my experience!) Eliminate Monthly Mortgage Payment Replace Investment Income Lost Due to Market Performance Supplement Inadequate Retirement Income - It is amazing how many senior  homeowners are trying to make ends meet on less than $1300 a month! Repair and complete Deferred Maintenance on an Older Home. Help Out Family Set Up Credit Line For Future or Immediate Replacement of Lost Income Due to     the Death of Spouse. Payoff Other Debts (Credit Cards, Automobile Payments) Set Up Credit Line to Fund In Home Health Care. Large Purchase -  Vacation Home, Investment Property, Motor Home, Car Remodel & Add On to the Home. Thanks for the reminder! One of the newest reasons to get a reverse mortgage.  Buy A New Home with...
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By Lupe Medina & Oscar Matamoros
(RE/MAX Metro Real Estate Services)
Home Foreclosure and Debt Cancellation Update Dec. 11, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief. This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion doesn’t apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition. The amount excluded reduces the taxpayer’s cost basis in th...
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By Carlos Morales
(Re/Max Homes and Estates)
Estimado visitante, he decidido escribir este mensaje en español para todas aquellas personas que tienen dudas con respecto a que hacer con su casa cuando ya no pueden pagarla y falta información en el idioma español. Cuando usted tiene una problema que afecta su situación actual para efectuar sus pagos, antes de tomar la decisión si hacer una modificación o hacer una venta corta (Short-Sale) tiene que considerar lo siguiente: 1) Que problema tiene actualmente que le esta afectando para hacer sus pagos, (Ejemplo: Pérdida de empleo, Reducción de salario, pérdida de algún familiar que ayudaba a hacer los pagos, Problemas de Salud, Problemas con la ley (algún miembro está en la cárcel). 2) Una vez que sabe el motivo por el cual no puede hacer los pagos, analice si esta situación es tempora...
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By Lupe Medina & Oscar Matamoros
(RE/MAX Metro Real Estate Services)
I am pulling my hair over this subject.What can I recommend to my clients, people that call me or contact me via email in regards to this concerns.I must touch my heart and spill out my...... on this.Let's face it nobody wants to tell their clients what is best, if their interest on a Loan Modification is the one reason home owner care the most.They don't like to hear foreclosure, short sale or BK as and option.Banks are not correcting the problem by lowering the loan amount. they are only buying time for what it is foreseeable.Home owner will not remain on a Modification program when they see their home value creeping down.Who will, I won't, would you?Let's face it. Why would I continue to make payments on a property that has lost almost half of it's value.How about this... Your neighb...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division 9241 Irvine Boulevard, Suite 150, Irvine, California 92618 (714) 588 -7676 ∙  www.orangecountyshortsalerealtor.com   If you are in a situation where: • You lost your job •Your Medical Expenses are too high •Just went through/going through a divorce •You are behind on your payments •You have no equity •You can't afford the cost of selling your home •Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit appr...
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By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Home Sales in Anaheimare really changing.  We are seeing the numbers of homes that sold per week increase by 45% over last year.  As far a inventory or available homes for sale, we are seeing a huge drop in numbers, minus 38%, which is really limiting the choice by buyers.  For the "deals" or REO homes for sale, new listing of bank owned homes is at 38% of one year ago. Anaheim currently has only 391 homes for sale, 263 being single family homes, with the remainder of 128 being condos.  Anaheim real estate is very short in supply.  Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying.  Also review neighborhoods to get a comparison of the areas.
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
Anaheim Short Sale Another success !!!!!!!! The seller had owned the home for 14 years and had refinanced multiple times. He had one loan for $ 490,000 We received an offer for $ 335,000 with in 4 weeks of listing agreement. The short sale took 5 weeks to get approved by the lender. Then 30 days to close escrow. 1st lender accepted $ 292,800 The bank paid all past due taxes, termite work, escrow, title and commissions. This seller received a full settlement.  Interested in short selling your home contact Ann Urias with ReMax Homes and Estates Pre-Foreclosure division.   www.orangecountyshortsalerealtor.com for more info. List with an experienced Orange County Short Sale Realtor.
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