Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage industry.
The markets Veros expects to be strongest are:
1. San Diego/Carlsbad/San Marcos, Calif.
2. Kennewick/Richland/Pasco, Wash.
3. Pittsburgh
4. Fargo, N.D.
5. Washington, D.C. metro area
The five markets Veros expects to be weakest are:
1. Reno/Sparks, Nev.
2. Orlando/Kissimmee, Fla.
3. Boise City/Nampa, Idaho
4. Deltona/Daytona Beach/Ormond Beach, Fla.
5. Port St. Lucie/Fort Pierce, Fla.
Source: HousingWire.com, Kerry Curry (12/22/2010)
Marketing Southern California Real Estate and Marketing Your Home at the Highest Level... Here to Help Make Your Move Easier, Questions? Call Us 714•694•0880 jim@jimsalem.com
Dec 23, 2010
Dec 6, 2010
Free Home Value 2010 Market Update Report
Wondering what happened to your home value in 2010?
We can provide you with a Free Market Update report showing the Active Listings, Pending Sales and Closed Sales in your Neighborhood. Includes Days on Market, Photos, Description and Final Closed Sale Price.
Don't depend on website valuations that can be wrong by $100,000 or more.
Just Click on Free Market Update Report on the right and your report will be custom prepared and emailed to you. No obligation.
We can provide you with a Free Market Update report showing the Active Listings, Pending Sales and Closed Sales in your Neighborhood. Includes Days on Market, Photos, Description and Final Closed Sale Price.
Don't depend on website valuations that can be wrong by $100,000 or more.
Just Click on Free Market Update Report on the right and your report will be custom prepared and emailed to you. No obligation.
No Foreclosures Over the Holidays
Fannie Mae and Freddie Mac are freezing all foreclosure evictions on the mortgage loans they own or back from Dec. 20 through Jan. 3.
"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays," says Anthony Renzi, executive vice president of single family portfolio management at Freddie Mac.
Most of the large banks, including Bank of America, J.P. Morgan Chase, and Wells Fargo, already observe a moratorium through the New Year, unless the foreclosure involves an investor who chooses not to observe the holiday policy.
Source: CNNMoney, Les Christie (12/03/2010)
"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays," says Anthony Renzi, executive vice president of single family portfolio management at Freddie Mac.
Most of the large banks, including Bank of America, J.P. Morgan Chase, and Wells Fargo, already observe a moratorium through the New Year, unless the foreclosure involves an investor who chooses not to observe the holiday policy.
Source: CNNMoney, Les Christie (12/03/2010)
Nov 17, 2010
Fraud Alert: DRE warns of imposter landlords
The California DRE issued a consumer alert this week warning renters to be on the lookout for fraudulent landlords. The imposters often are able to convince potential renters to pay money, which may include a first and last month’s rent and a security deposit, as well as follow up rental payments, for a house that is not owned by the supposed landlord.
Why Buy a Condo? Anaheim Hills House $369,900!
Only $369,900
Nov 13, 2010
Yorba Linda - Spacious Single Story Pool Home!
4239 Camphor Ave, Yorba Linda 92886
Beautiful, Spacious Single Story Yorba Linda Pool Home. Everything you want - 4 Bedrooms, 2 Full Baths, 3 Car Garage, over 2,300 sqft house on an over 10,000 sqft Lot, Plus a Great Location on a quiet cul-de-sac street! Kitchen with Granite Counters, Breakfast Bar, New Double Oven and Separate Breakfast Nook. Family Room with White Wood Shutters and Fireplace. Huge, Great Room style Living Room with 2nd Fireplace and Vaulted Ceiling, French Doors and Large Formal Dining area Overlooking Yard and Pool. Master Suite with French Doors, Walk-in Closet, Oval Jet Tub, Separate Shower and Dual Sink Vanity. Beautiful, Huge Yard with Front Porch, Wide Driveway and side gates for possible RV access. Sparkling Pool has New Pool Heater plus Solar Heater. Grass areas, garden and wide side yards. Newer Concrete Roof, Newer Furnace, New Air Conditioner. New Garage Doors and Openers. No Association Dues, Low Property Taxes and No Mello Roos Tax. Close to Shopping and New Yorba Linda High School.
only $649,900
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Beautiful, Spacious Single Story Yorba Linda Pool Home. Everything you want - 4 Bedrooms, 2 Full Baths, 3 Car Garage, over 2,300 sqft house on an over 10,000 sqft Lot, Plus a Great Location on a quiet cul-de-sac street! Kitchen with Granite Counters, Breakfast Bar, New Double Oven and Separate Breakfast Nook. Family Room with White Wood Shutters and Fireplace. Huge, Great Room style Living Room with 2nd Fireplace and Vaulted Ceiling, French Doors and Large Formal Dining area Overlooking Yard and Pool. Master Suite with French Doors, Walk-in Closet, Oval Jet Tub, Separate Shower and Dual Sink Vanity. Beautiful, Huge Yard with Front Porch, Wide Driveway and side gates for possible RV access. Sparkling Pool has New Pool Heater plus Solar Heater. Grass areas, garden and wide side yards. Newer Concrete Roof, Newer Furnace, New Air Conditioner. New Garage Doors and Openers. No Association Dues, Low Property Taxes and No Mello Roos Tax. Close to Shopping and New Yorba Linda High School.
only $649,900
Nov 12, 2010
East Hills Neighborhood Yard Sale is Saturday Nov. 13
To sign up your home to participate email your name, address and phone number to jim@jimsalem.com or call our 24 hour hotline at (714)481-3009. Everyone is welcome to participate in this free event.
Nov 11, 2010
Nov 4, 2010
OC Close Bank Owned House only $310,000
Nov 3, 2010
BANK OWNED DEAL OF THE WEEK!
List Price: $601,800
Nov 1, 2010
8 Alternatives to Pricey Retirement Locales
Even with their retirement nest eggs diminished by the tough economy, some retirees aren’t giving up on their dreams of living in beautiful spots. Instead, they are searching for similar but cheaper alternatives.
SmartMoney calls these locales “doppelgangers” — more affordable twins with similar climate, culture, and amenities than their better-known other half.
Here are their suggested substitutes:
● Prescott, Ariz., as an alternative to Sedona, Ariz.
● St. Augustine, Fla., instead of Sarasota, Fla.
● Chattanooga, Tenn., instead of Ashville, N.C.
● Bloomington, Ind., instead of Madison, Wis.
● Caron City, Nev., instead of Boulder, Colo.
● Auburn, Ala., instead of Pinehurst, N.C.
● Bellingham, Wash., instead of Eugene, Ore.
● San Luis Obispo, Calif., instead of Santa Barbara, Calif.
Source: SmartMoney, Catey Hill (10/20/2010)
SmartMoney calls these locales “doppelgangers” — more affordable twins with similar climate, culture, and amenities than their better-known other half.
Here are their suggested substitutes:
● Prescott, Ariz., as an alternative to Sedona, Ariz.
● St. Augustine, Fla., instead of Sarasota, Fla.
● Chattanooga, Tenn., instead of Ashville, N.C.
● Bloomington, Ind., instead of Madison, Wis.
● Caron City, Nev., instead of Boulder, Colo.
● Auburn, Ala., instead of Pinehurst, N.C.
● Bellingham, Wash., instead of Eugene, Ore.
● San Luis Obispo, Calif., instead of Santa Barbara, Calif.
Source: SmartMoney, Catey Hill (10/20/2010)
Oct 27, 2010
Home Prices Stabilizing in Key Markets
This report shows that the spread between the sales-to-list price ratio lessened significantly in most markets, but high-end housing markets in many areas continued to offer great bargains for buyers.
The 10 hottest ZIP codes in the ZipRealty markets where the selling prices was greater than the asking price were:
1. Greater Grand Crossing – Chicago, Ill. (60619)
2. Oakland, Calif. (94603)
3. The Loop – Chicago, Ill. (60603)
4. Excelsior – San Francisco, Calif. (94112)
5. Fort Lauderdale, Fla. (33309)
6. San Bernardino, Calif. (92411)
7. Oakland, Calif. (94621)
8. Covington, Wash. (98042)
9. Berkeley, Calif. (94702)
10. North Las Vegas, Nev. (89030)
The coldest ZIPs, where selling prices were below asking, were:
1. Statesville, N.C. (28677)
2. Singer Island, Fla. (33404)
3. Philadelphia, Pa. (19140)
4. Boca Raton, Fla. (33434)
5. Jacksonville, Fla. (32206)
6. Chester, Pa. (19013)
7. Naples, Fla. (34102)
8. Palm Beach, Fla. (33480)
9. Reading, Pa. (19602)
10. Durham, N.C. (27703)
Source: ZipRealty (10/22/2010)
The 10 hottest ZIP codes in the ZipRealty markets where the selling prices was greater than the asking price were:
1. Greater Grand Crossing – Chicago, Ill. (60619)
2. Oakland, Calif. (94603)
3. The Loop – Chicago, Ill. (60603)
4. Excelsior – San Francisco, Calif. (94112)
5. Fort Lauderdale, Fla. (33309)
6. San Bernardino, Calif. (92411)
7. Oakland, Calif. (94621)
8. Covington, Wash. (98042)
9. Berkeley, Calif. (94702)
10. North Las Vegas, Nev. (89030)
The coldest ZIPs, where selling prices were below asking, were:
1. Statesville, N.C. (28677)
2. Singer Island, Fla. (33404)
3. Philadelphia, Pa. (19140)
4. Boca Raton, Fla. (33434)
5. Jacksonville, Fla. (32206)
6. Chester, Pa. (19013)
7. Naples, Fla. (34102)
8. Palm Beach, Fla. (33480)
9. Reading, Pa. (19602)
10. Durham, N.C. (27703)
Source: ZipRealty (10/22/2010)
Oct 23, 2010
Foreclosure Freeze Shakes Up Security Clearances
The freeze on foreclosures is putting federal employees with security clearances in a jam.
The government monitors the finances of employees that it believes could be vulnerable to bribery or blackmail. The foreclosure freeze is preventing these workers from settling their debts, so under government guidelines they could lose their clearances.
There are more than 854,000 employees nationwide potentially affected by this, many of them in the Washington, D.C., area. John P. Mahoney, a lawyer at Tully Rinckey, who specializes in resolving security-clearance problems, says many of the affected workers have had security clearances for years.
"Now they are concerned that their clearance will be pulled, or they will be fired because their real estate investments have gone bad," Mahoney says. "It's a very emotionally charged issue."
Source: The Washington Post, Dina ElBoghdady and Dana Hedgpeth (10/20/2010)
The government monitors the finances of employees that it believes could be vulnerable to bribery or blackmail. The foreclosure freeze is preventing these workers from settling their debts, so under government guidelines they could lose their clearances.
There are more than 854,000 employees nationwide potentially affected by this, many of them in the Washington, D.C., area. John P. Mahoney, a lawyer at Tully Rinckey, who specializes in resolving security-clearance problems, says many of the affected workers have had security clearances for years.
"Now they are concerned that their clearance will be pulled, or they will be fired because their real estate investments have gone bad," Mahoney says. "It's a very emotionally charged issue."
Source: The Washington Post, Dina ElBoghdady and Dana Hedgpeth (10/20/2010)
Oct 21, 2010
Yorba Linda Bank Owned 2 Story only $489,900!
4 Bedroom, 3 Bath Over 1,800 sqft Yorba Linda Home. Bank Owned REO.
Only $489,900
Call for Details, to Arrange a Showing, or if you would like a
Custom list of Homes for Sale.
Only $489,900
Call for Details, to Arrange a Showing, or if you would like a
Custom list of Homes for Sale.
Oct 15, 2010
Mortgage Rates Continue to Fall to New Record Lows
30-Year Mortgage Rates Plumb New Depths
Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent.
At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent.
Source: The Wall Street Journal, Nathan Becker (10/15/10)
You can call us for an introduction to local lenders with years of experience and great rates.
Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent.
At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent.
Source: The Wall Street Journal, Nathan Becker (10/15/10)
You can call us for an introduction to local lenders with years of experience and great rates.
Property Taxes - Best and Worst States
In Orange County, the average property tax is about 1.25% of a property's value.
The national median for real estate taxes is 1.04 percent of a property’s value. Here’s the list of the top 10 states with the highest median real estate taxes as a percentage of median home value as well as the ranking of states with the lowest:
States with the highest taxes:
1. New Jersey (1.89 percent of property value)
2. New Hampshire (1.86 percent)
3. Texas (1.81 percent)
4. (tie) Wisconsin (1.76 percent)
4. (tie) Nebraska (1.76 percent)
6. Illinois (1.73 percent)
7. Connecticut (1.63 percent)
8. Michigan (1.62 percent)
9. Vermont (1.59 percent)
10. North Dakota (1.42 percent)
States with the lowest taxes:
1. Louisiana (0.18 percent)
2. Hawaii (0.26 percent)
3. Alabama (0.33 percent)
4. Delaware (0.43 percent)
5. West Virginia (0.49 percent)
6. South Carolina (0.50 percent)
7. (tie) Arkansas (0.52 percent)
7. (tie) Mississippi (0.52 percent)
9. New Mexico (0.55 percent)
10. Wyoming (0.58 percent)
Source: 2009 U.S. Census Data and Tax Foundation calculations
The national median for real estate taxes is 1.04 percent of a property’s value. Here’s the list of the top 10 states with the highest median real estate taxes as a percentage of median home value as well as the ranking of states with the lowest:
States with the highest taxes:
1. New Jersey (1.89 percent of property value)
2. New Hampshire (1.86 percent)
3. Texas (1.81 percent)
4. (tie) Wisconsin (1.76 percent)
4. (tie) Nebraska (1.76 percent)
6. Illinois (1.73 percent)
7. Connecticut (1.63 percent)
8. Michigan (1.62 percent)
9. Vermont (1.59 percent)
10. North Dakota (1.42 percent)
States with the lowest taxes:
1. Louisiana (0.18 percent)
2. Hawaii (0.26 percent)
3. Alabama (0.33 percent)
4. Delaware (0.43 percent)
5. West Virginia (0.49 percent)
6. South Carolina (0.50 percent)
7. (tie) Arkansas (0.52 percent)
7. (tie) Mississippi (0.52 percent)
9. New Mexico (0.55 percent)
10. Wyoming (0.58 percent)
Source: 2009 U.S. Census Data and Tax Foundation calculations
Oct 8, 2010
Waiting Period to Buy a Home after a Short Sale or Foreclosure
Beginning Oct 1, 2010 FannieMae (FNMA) has changed their lending guidlines.
For homebuyers with a Foreclosure the waiting period is now 7 years.
For homebuyers with a Short Sale or Deed in Lieu the waiting period varies:
2 Years with 20% Down Payment
4 Years with 10% Down Payment
7 Years for other Loans
FHA Loans require a 4 Year waiting period after a Foreclosure
The FHA waiting period after a Short Sale is 3 Years
There are many other requirements and certain Extenuating Circumstances can shorten the waiting period.
Only deal with a knowledgable, experienced loan consultant - you can call or email us for a recommendation to lenders who will be able to provide you with details of the current loan requirements.
For those Homeowners trying to decide if they should bother with a Short Sale, one of the questions to ask is: Would you rather have the option to buy again in 2, 3 or 4 years versus waiting up to 7 years? Many people think home prices and interest rates may still be affordable in 2 or 3 years, but in 7 years - inflation, higher interest rates and higher home prices are a much greater possibility.
For homebuyers with a Foreclosure the waiting period is now 7 years.
For homebuyers with a Short Sale or Deed in Lieu the waiting period varies:
2 Years with 20% Down Payment
4 Years with 10% Down Payment
7 Years for other Loans
FHA Loans require a 4 Year waiting period after a Foreclosure
The FHA waiting period after a Short Sale is 3 Years
There are many other requirements and certain Extenuating Circumstances can shorten the waiting period.
Only deal with a knowledgable, experienced loan consultant - you can call or email us for a recommendation to lenders who will be able to provide you with details of the current loan requirements.
For those Homeowners trying to decide if they should bother with a Short Sale, one of the questions to ask is: Would you rather have the option to buy again in 2, 3 or 4 years versus waiting up to 7 years? Many people think home prices and interest rates may still be affordable in 2 or 3 years, but in 7 years - inflation, higher interest rates and higher home prices are a much greater possibility.
Oct 5, 2010
No Short Sale Deficiencies: Starting Jan 1, 2011
No Short Sale Deficiencies: Starting January 1, 2011, a seller's first trust deed lender cannot obtain a deficiency judgment against the seller after a short sale. Providing written consent to a short sale shall obligate the first trust deed lender to accept the sales proceeds as full payment and discharge of the remaining amount owed on the loan. This law applies to first trust deeds secured by one-to-four residential units, but does not limit the lender from seeking damages for fraud or waste by the borrower.
Oct 4, 2010
Department of Real Estate Warning: False and Misleading Designations and Claims of Special Expertise, Certifications and/or Credentials
By Wayne S. Bell
Chief Counsel --
California Department of Real Estate
The DRE has issued prior warnings and alerts to consumers and licensees alike about the flood of fraud in connection with pre-foreclosure and foreclosure-related rescue, forbearance and forgiveness services on behalf of financially distressed homeowners, including loan modifications, forensic loan audits, and short sales.
The DRE has noticed an increase in the use of questionable and possibly misleading terms such as "expert", "certified", and "specialist" in the marketing and advertising of assistance to anxious homeowners in connection with their home loans and foreclosure rescue services and short sales A growing number of individuals and companies, many of whom are unlicensed, purport to be "experts" in the area of short sales, "certified" forensic loan auditors, short sale "specialists", loan modification "specialists", loss mitigation “experts”, “fraud investigators”, and the like, and many of these designations and claims seem to be nothing more than marketing ploys by unscrupulous fraudsters to capitalize on the desperation and vulnerability of unsophisticated and/or financially strapped homeowners.
Chief Counsel --
California Department of Real Estate
The DRE has issued prior warnings and alerts to consumers and licensees alike about the flood of fraud in connection with pre-foreclosure and foreclosure-related rescue, forbearance and forgiveness services on behalf of financially distressed homeowners, including loan modifications, forensic loan audits, and short sales.
The DRE has noticed an increase in the use of questionable and possibly misleading terms such as "expert", "certified", and "specialist" in the marketing and advertising of assistance to anxious homeowners in connection with their home loans and foreclosure rescue services and short sales A growing number of individuals and companies, many of whom are unlicensed, purport to be "experts" in the area of short sales, "certified" forensic loan auditors, short sale "specialists", loan modification "specialists", loss mitigation “experts”, “fraud investigators”, and the like, and many of these designations and claims seem to be nothing more than marketing ploys by unscrupulous fraudsters to capitalize on the desperation and vulnerability of unsophisticated and/or financially strapped homeowners.
Sep 27, 2010
Billionaire John Paulson says Buy a Home
Forbes.com Sept 27, 2010
Billionaire John Paulson told a crowd at New York's University Club that double digit inflation is about to rear its ugly head by 2012.
"As this is the best time in 50 years to buy homes, issue 30 year mortgages to buy a home - your debt and interest payments get locked in at record lows, while the price of your home will rise."
"If you don't own a home buy one," Paulson recommended; "if you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home."
Billionaire John Paulson told a crowd at New York's University Club that double digit inflation is about to rear its ugly head by 2012.
"As this is the best time in 50 years to buy homes, issue 30 year mortgages to buy a home - your debt and interest payments get locked in at record lows, while the price of your home will rise."
"If you don't own a home buy one," Paulson recommended; "if you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home."
Sep 23, 2010
BANK OWNED DEAL OF THE WEEK!
Almost 3,000 sqft 4 Bedroom, 3 Bath Anaheim Hills Home
Built in 1991, Modern and Open Floor Plan, only $589,900
Built in 1991, Modern and Open Floor Plan, only $589,900
Sep 22, 2010
Spacious Buena Park Single Story
6178 Macarthur Way, Buena Park 90620
4 Bedroom, 2 Bath, over 1,900 sqft, RV Parking
only $370,000
4 Bedroom, 2 Bath, over 1,900 sqft, RV Parking
only $370,000
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Sep 19, 2010
Anaheim Hills Bank Owned Home!
7987 E. Altair Ln, Anaheim Hills 92808
BANK OWNED/REO. Spacious, Light & Open Anaheim Hills Home! 3 Bedrooms & Loft / Den that makes a great office or play area! Panoramic city lights & hills views from Master Suite and Loft. Pool sized private back yard! Double door front entry with decorative leaded glass. Beautiful Hardwood floors in Living Room & Dining Room! Dramatic spiral staircase and Brick Fireplace! Newer Designer Paint! Modern, smooth textured ceilings! Plush Newer Carpeting! Newer Decorator Lighting! Light & Bright Kitchen with Garden Window, Newer Oven, Newer Built-in Microwave and Chef's style sink with pull-out faucet! Kitchen overlooks family room and spacious yard. Master suite with double door entry, walk-in closet, oval tub and separate shower! Tile roof. Automatic sprinklers. Central Air. only $497,100
BANK OWNED/REO. Spacious, Light & Open Anaheim Hills Home! 3 Bedrooms & Loft / Den that makes a great office or play area! Panoramic city lights & hills views from Master Suite and Loft. Pool sized private back yard! Double door front entry with decorative leaded glass. Beautiful Hardwood floors in Living Room & Dining Room! Dramatic spiral staircase and Brick Fireplace! Newer Designer Paint! Modern, smooth textured ceilings! Plush Newer Carpeting! Newer Decorator Lighting! Light & Bright Kitchen with Garden Window, Newer Oven, Newer Built-in Microwave and Chef's style sink with pull-out faucet! Kitchen overlooks family room and spacious yard. Master suite with double door entry, walk-in closet, oval tub and separate shower! Tile roof. Automatic sprinklers. Central Air. only $497,100
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Sep 18, 2010
Cheaper than Renting!
2550 San Gabriel Way # 202, Corona 92882.
Beautiful Modern Condo in the Green River area of Corona. 2 Master Suites with 2 Full Baths all on one level on the second floor. Very close to the O.C. at an affordable price! Completely remodeled in 2005 with New Paint & Carpet. New Kitchen with Beautiful Cabinets, Granite Counters and Breakfast Bar, Stainless Oven, Dishwasher and Built-in Microwave. Highly Upgraded Baths with Granite. Spacious Private Balcony. Indoor Laundry. Association features a Pool, Spa, Fitness Center, Basketball Courts & Clubhouse. only $154,900.
Beautiful Modern Condo in the Green River area of Corona. 2 Master Suites with 2 Full Baths all on one level on the second floor. Very close to the O.C. at an affordable price! Completely remodeled in 2005 with New Paint & Carpet. New Kitchen with Beautiful Cabinets, Granite Counters and Breakfast Bar, Stainless Oven, Dishwasher and Built-in Microwave. Highly Upgraded Baths with Granite. Spacious Private Balcony. Indoor Laundry. Association features a Pool, Spa, Fitness Center, Basketball Courts & Clubhouse. only $154,900.
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Affordable Southern California Retirement
1850 Fairway Drive # 25, Chino Hills 91709 - SOLD
Retire to the Hills, Chino Hills! Resident owned, senior (55+) Western Hills Estates Nestled in the Hills next to Western Hills Country Club. You own a share of the park!(1/101th).NO SPACE RENT! Pay only association dues of approx $300./month for water, trash, sewer, park maintenance and New Clubhouse Nearby. Great Corner, End Lot with a Relaxing View of the Hills. Spacious 2 Bedroom 2 Bath with 2 Car Covered Carport. Large Living Room with Vaulted Ceiling, Eat-in Kitchen with New Appliances and Formal Dining Room. Master Suite with Mirrored Closet and Spacious Master Bath with Dual Sink Vanity, Large, Sunken Oval Tub & Separate Shower! Inviting Front Porch with Panoramic Hills Views! Indoor Laundry Room. Newer Paint inside & out and Newer Carpeting! Newer Light Fixtures and Ceiling Fans! Newer Fenced-in Yard with Newer Landscaping and Auto Sprinklers! Newer Heater & A/C blower! Newer Window Coverings and 2 New Sheds!
only $132,000
Retire to the Hills, Chino Hills! Resident owned, senior (55+) Western Hills Estates Nestled in the Hills next to Western Hills Country Club. You own a share of the park!(1/101th).NO SPACE RENT! Pay only association dues of approx $300./month for water, trash, sewer, park maintenance and New Clubhouse Nearby. Great Corner, End Lot with a Relaxing View of the Hills. Spacious 2 Bedroom 2 Bath with 2 Car Covered Carport. Large Living Room with Vaulted Ceiling, Eat-in Kitchen with New Appliances and Formal Dining Room. Master Suite with Mirrored Closet and Spacious Master Bath with Dual Sink Vanity, Large, Sunken Oval Tub & Separate Shower! Inviting Front Porch with Panoramic Hills Views! Indoor Laundry Room. Newer Paint inside & out and Newer Carpeting! Newer Light Fixtures and Ceiling Fans! Newer Fenced-in Yard with Newer Landscaping and Auto Sprinklers! Newer Heater & A/C blower! Newer Window Coverings and 2 New Sheds!
only $132,000
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Aug 27, 2010
Mortgage Rates Continue to Fall
Average interest on long-term mortgages slid to a record low for the eighth time in nine weeks and could dip more. Freddie Mac reports that 30-year fixed loans averaged 4.36 percent this week, down from 4.42 percent a week ago; the 15-year fixed rate fell to a new low of 3.86 percent from 3.90 percent; and adjustable-rate mortgages were also below 4 percent.
The Mortgage Bankers Association's Michael Fratantoni said the group expects that rates "will begin to rise as the economic situation improves along with jobs."
The Mortgage Bankers Association's Michael Fratantoni said the group expects that rates "will begin to rise as the economic situation improves along with jobs."
Aug 26, 2010
Aug 10, 2010
BANK OWNED DEAL OF THE WEEK!
SPACIOUS BANK OWNED HOME! ONLY $662,000 FOR 2,800 SQFT IN GREAT ANAHEIM HILLS AREA! BUILT IN 1997, 4 BEDROOMS + BONUS ROOM, 3-FULL BATHS. 1 BEDROOM + BONUS ROOM DOWNSTAIRS! PERGO FLOORING IN KITCHEN AND FAMILY ROOM. BUILT-IN REFRIGATOR, ISLAND IN KITCHEN. GRANITE ENTRY & HALL, FIREPLACE IN FAMILY ROOM, PLANTATION SHUTTERS IN LIVING & BONUS ROOM. ROMAN TUB IN MASTER BEDROOM. LOTS OF POTENTIAL!! MASTER BEDROOM HAS PEAK-A-BOO VIEW OF CITY LIGHTS.
Aug 6, 2010
Huge East Hills Community Yard Sale August 7
We will be sponsoring a Community Yard Sale in Anaheim Hills. Over 70 Families will be selling lots of stuff on Saturday August 7 from 7:00am to Noon. Look for the Signs along Santa Ana Canyon & Weir Canyon
Jul 30, 2010
Record Lows Continue for Mortgage Rates
The 30-year fixed mortgage rate fell to a new low of 4.54 percent this week from 4.56 percent last week and an average of 5.25 percent a year ago.
The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The five-year adjustable-rate mortgage averaged 3.76 percent, compared to 3.79 percent last week and 4.75 percent a year earlier; and one-year ARMs averaged 3.64 percent, down from 3.7 percent and 4.80 percent, respectively.
Source: The Wall Street Journal, Nathan Becker (07/30/10)
The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The five-year adjustable-rate mortgage averaged 3.76 percent, compared to 3.79 percent last week and 4.75 percent a year earlier; and one-year ARMs averaged 3.64 percent, down from 3.7 percent and 4.80 percent, respectively.
Source: The Wall Street Journal, Nathan Becker (07/30/10)
Jul 24, 2010
Property Tax Value Notices Have Been Sent Out
If you do not agree with the value of your home listed on your property tax value notice you have until September 15, 2010 to file an Application for Changed Assessment. Go to the link on the right - Reduce Your Property Tax.
Jul 15, 2010
5-day loan mod event starts Friday July 16
Chase is having a 5-day event in Costa Mesa to help struggling homeowners who have Chase, EMC or WaMu-serviced mortgages.
The bank says loan advisors will offer counseling for homeowners applying for modifications, and for customers who are current on their mortgages but having a hard time keeping them up. There also will be help with short sales for customers who cannot afford their home or don’t want to stay in it. And those applying for trial modifications will be able to drop off the necessary documents.
More than 50 of Chase’s home loan counselors will be available, according to the news release.
The event, at the Hilton Orange County at 3050 Bristol St., begins Friday and runs through Tuesday, July 20. The hours are 8 a.m. to 8 p.m
The bank says loan advisors will offer counseling for homeowners applying for modifications, and for customers who are current on their mortgages but having a hard time keeping them up. There also will be help with short sales for customers who cannot afford their home or don’t want to stay in it. And those applying for trial modifications will be able to drop off the necessary documents.
More than 50 of Chase’s home loan counselors will be available, according to the news release.
The event, at the Hilton Orange County at 3050 Bristol St., begins Friday and runs through Tuesday, July 20. The hours are 8 a.m. to 8 p.m
Jun 25, 2010
Rates on Mortgages fall to the lowest level on record
Rates on 30 Year Fixed Mortgages fall to 4.69%, the lowest level on record, Freddie Mac says.
WASHINGTON (AP) -- Mortgage rates fell this week to the lowest level on record, giving consumer's added incentive to lock in low payments for home purchases and refinanced loans.
The average rate for 30 Year Fixed loan sank to 4.69%, from 4.75% last week, Mortgage Company Freddie Mac said Thursday. That's the lowest point since Freddie Mac began tracking rates in 1971. The previous record of 4.71% was set in December 2009.
15 Year Fixed Rate mortgages fell to an average of 4.13%. That was the lowest on record dating back to September 1991. It was down from 4.20% a week earlier
WASHINGTON (AP) -- Mortgage rates fell this week to the lowest level on record, giving consumer's added incentive to lock in low payments for home purchases and refinanced loans.
The average rate for 30 Year Fixed loan sank to 4.69%, from 4.75% last week, Mortgage Company Freddie Mac said Thursday. That's the lowest point since Freddie Mac began tracking rates in 1971. The previous record of 4.71% was set in December 2009.
15 Year Fixed Rate mortgages fell to an average of 4.13%. That was the lowest on record dating back to September 1991. It was down from 4.20% a week earlier
May 20, 2010
Beautiful & Affordable New Listing
Anaheim Hills Single Story View Home only $369,900 - SOLD
See a Visual Tour at: www.137Larkwood.com
Come by the Open House this Sunday and Bring a Friend
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See a Visual Tour at: www.137Larkwood.com
Come by the Open House this Sunday and Bring a Friend
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May 14, 2010
Distressed Home Owner Free Public Seminar
First Team Real Estate will be Sponsoring a Free Seminar for Home Owners that are having problems making their payments and want to know their options. Tell anyone you know who may need this help.
Saturday May 15 from 10:00am to Noon at the Anaheim Hills Community Center - Santa Ana Canyon Rd just west of Weir Canyon Rd
Some of the topics discussed:
Loan Modification Programs
Foreclosure Prevention
Balancing Personal Finances
Short Sale vs Foreclosure
Understanding Credit Reports and Scores
A Private Consultation is also available for those who prefer - just call us to schedule.
Saturday May 15 from 10:00am to Noon at the Anaheim Hills Community Center - Santa Ana Canyon Rd just west of Weir Canyon Rd
Some of the topics discussed:
Loan Modification Programs
Foreclosure Prevention
Balancing Personal Finances
Short Sale vs Foreclosure
Understanding Credit Reports and Scores
A Private Consultation is also available for those who prefer - just call us to schedule.
FORECLOSURE FRIDAY
These are the Bank Owned Homes in North East Orange County.
Email us for a Customized List.
Click on the Chart to Enlarge.
Apr 30, 2010
FORECLOSURE FRIDAY
These are Bank Owned Houses Now on the Market in North & Central Orange County. Call us if you would like a Customized List. You can Click on the Chart to Enlarge.
Apr 23, 2010
FORECLOSURE FRIDAY
These are North Orange County Bank Owned Detached Houses. For a Customized List, Call or Email Us. Click on the List to Enlarge.
Mar 31, 2010
$18,000 IN COMBINED HOMEBUYER TAX CREDITS FOR A LIMITED TIME
Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive. Buyers who are not first-time homebuyers may use the same timeframes to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.
Mar 26, 2010
New California Home Buyer Tax Credit for 2010 & 2011
Governor Arnold Schwarzenegger signed a bill offering California’s second round of tax credits to buyers who purchase a home in the Golden State. This time, the state has doubled to $200 million the amount of credits it will allow. The bill allows up to $10,000 in tax credits, both for new-home buyers and for first-time buyers of existing homes. The last round of tax credits, which were for new-home purchases only, were extremely popular. Sales of newly built homes rose, and buyers depleted the full $100 million eight months before the deadline. The state tax credit will become effective May 1, shortly after a federal tax credit expires. The bill:
• Provides a 5 percent tax credit, up to a $10,000 limit, to all buyers of new, never-occupied homes.
• Provides a 5 percent tax credit, up to a $10,000 limit, to first-time buyers of existing homes.
• Sets aside $100 million for each program, for a total of $200 million.
• Requires buyers to close escrow between May 1 and Dec. 31 to qualify.
• New-home buyers have until Dec. 31 to sign a purchase contract, and then must close escrow by Aug. 16, 2011.
• Requires buyers to live in the home for at least two years.
• Provides for the tax credit to be paid in thirds over a three-year period. Buyers can waive whatever state taxes they owe – up to $3,333 – in each of the three years after buying a $200,000 or higher priced home.
• Sets no income limitations on buyers.
• Requires buyers to repay the tax if they fail to live in the home for two years or fail to close escrow on a new home by Aug. 16, 2011.
• Provides a 5 percent tax credit, up to a $10,000 limit, to all buyers of new, never-occupied homes.
• Provides a 5 percent tax credit, up to a $10,000 limit, to first-time buyers of existing homes.
• Sets aside $100 million for each program, for a total of $200 million.
• Requires buyers to close escrow between May 1 and Dec. 31 to qualify.
• New-home buyers have until Dec. 31 to sign a purchase contract, and then must close escrow by Aug. 16, 2011.
• Requires buyers to live in the home for at least two years.
• Provides for the tax credit to be paid in thirds over a three-year period. Buyers can waive whatever state taxes they owe – up to $3,333 – in each of the three years after buying a $200,000 or higher priced home.
• Sets no income limitations on buyers.
• Requires buyers to repay the tax if they fail to live in the home for two years or fail to close escrow on a new home by Aug. 16, 2011.
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