Bank Owned La Habra Country Hills Home $599,900

 

SOUTHERN CALIFORNIA REAL ESTATE Deals this month! 1250 Lemon Tree Drive. Country Hills Price Value: $599,900 5 bedrooms, 3 bath over 2750 sqft (assessor), lot over 6,50 sqft (asssessor),INCLUDING BLACK GRANITE COUNTERS, LIGHT MAPLE CABINETS, WALK IN PANTRY, DUAL PANE FRONT WINDOWS, IMPRESSIVE ENTRY WAY WITH DOUBLE DOORS AND SWEEPING CURVED STAIRCASE, VAULTED CEILING, FORMAL DINING ROOM, FAMILY ROOM WITH FIREPLACE, NEUTRAL CARPETING, GREAT ROOM/GUEST QUARTERS HAS KITCHENETTE AREA AND 220 OUTLET, UPGRADED BATHS.  http://i710.photobucket.com/albums/ww101/RENEEBACCARO/kitchenlength.jpg http://i710.photobucket.com/albums/ww101/RENEEBACCARO/kitchenwindow.jpg http://i710.photobucket.com/albums/ww101/RENEEBACCARO/viewfromtopofstairs.jpg http://i710.photobucket.com/albums/ww101/RENEEBACCARO/livingroom.jpg http://i710.photobucket.com/albums/ww101/RENEEBACCARO/gameroomwithviews.jpg http://i710.photobucket.com/albums/ww101/RENEEBACCARO/1250LemonLH018.jpg

New Front for FHA Loans – 203k streamline up to $35,000 financed

get off your thumbs.

 There are lots of reasons to ask your lender for an FHA loan instead of taking a conventional or an expensive and risky sub-prime mortgage loan. Why not take advantage of the many benefits and protections that only come with FHA:

Easier to Qualify – Because FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements so its easier for you to qualify.

Less than Perfect Credit - Even if you have had credit problems, such as bankruptcy, its easier for you to qualify for an FHA loan than a conventional loan.

Low Down-payment - We have a low 3% downpayment, and that money can come from a family member, employer or charitable organization. Other loans don’t allow this.

Costs Less – Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government. Always compare an FHA loan with other loan types.

Help You Keep Your Home – The FHA has been around since 1934 and will continue to be here to protect you when the others walk away. Should you encounter hard-times after buying your home, FHA has many options to help keep you in your home and avoid foreclosure.

There is more to buying your home then the monthly house payment. Why not ask for an FHA loan that will help you buy your house and keep it too? Tell your AGENT you want an FHA loan for all the reasons above- FHA is a wise choice.

FHA STREAMLINE 203k Loan.

Streamlined 203(k) Limited Repair Program

Information by State  Esta página en español  Print version   HUD Resources SUBSCRIBE to the Single Family Housing email list. You will get frequent updates to the HOC Reference Guide, training and event announcements, mortgagee letters and notices about your Single Family business. FHA’s Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. Any FHA-approved lender may originate a Streamlined 203(k) mortgage. Find out more about the Streamlined 203(k) program by reading HUD Mortgagee Letter 2005-50, enhancements to “Streamlined (K)” Limited Repair Program. More Information   Rehab a Home with HUD’s 203(k) Rehab Program   Approved 203(k) Consultants Search   Funds for Handyman-Specials and Fixer-Uppers   Internet Links about 203(k)   203(k) Mortgagee Letters   203(k) FAQs   S/F Lenders Homepage   HUD Form 92700 203(k) Maximum Mortgage Worksheet (2/06)

                   http://www.hud.gov/offices/hsg/sfh/203k/203kslrp.cfm                                             

  

For more information please contact:

Renee Baccaro Realtor® Century 21 Jervis & Associates

800 N. Harbor Blvd. La Habra, CA 90631

(562) 972-9886

  

AROUND THE CORNER NewsLetter By Renee Baccaro

A New Lending Landscape It may seem like a tough time to be in the market for a home. In the wake of the sub-prime mortgage crisis and the related banking upheaval, lenders have tightened their purse strings and put the brakes on issuing homes loans, at least at the rates and terms that were prevalent just a year to six months ago. But not all the news is bad for today’s buyers.First, this new approach to lending can reduce the risk that you be a victim of unscrupulous lending practices. As a result, this more stringent approach may work to your benefit. Use this time to learn as much as you can about the current lending landscape. Read articles in the newspapers and online. Reach out to your Realtor and ask for his or her interpretation of the recent developments. It is also wise to spend time analyzing your own finances including your income, assets, expenses and credit score. If you know your own budget and financial qualifications inside and out, you will know what is realistic and what is too good to be true. Once you have identified what you want and are prepared with your own facts and figures start making some calls. Banks and mortgage companies may have reined in their lending, but it is still a free and competitive marketplace. Search for the best rates and terms available. However, if you feel you may get a better offer in a few weeks or months, and your timetable permits it, wait a bit. The advice of your real estate professional will be invaluable when making this decision. Finally, remember that the real estate marketplace still favors buyers. The inventory of homes exceeds the current demand in most locations, so you have the opportunity to be more selective and a little more demanding at the bargaining table.   The Power of a Professional When there are more homes available for sale than the marketplace demands, selling a home requires an extra level of attention and professionalism. Every effort must be made to make your listing the most appealing, from the staging to the price. That is why hiring a selling agent is a critical move when selling during a buyer’s market. The duties a selling agent will perform depend on the contract signed, but in general real estate professionals will execute in four key areas. * Analysis: A selling agent will analyze the comparable home sales in your area and recommend a listing price. This is perhaps the most important step in the home sale process. Price too high and you will turn off prospective buyers. Price too low and you won’t make the most on your investment. The insights of a trained and experienced Realtor can drastically reduce the guess work. * Staging: Preparing a home for sale takes work. A good selling agent has a knack for knowing how to make a home look its best. To-do items might include painting, clearing clutter, updating floors or fixtures, rearranging furniture and even small scale home improvement projects. Done right, staging can increase appeal and even price. * Marketing: Marketing a home for sale takes a lot of time, organization and attention to detail. In addition to posting in the Multiple Listing Service (MLS), there are Internet opportunities, print advertisements, and direct mail options. Other marketing efforts include open houses for both Realtors and the public. * Negotiating: The act of negotiating a price that both parties are comfortable with is no easy task. A selling agent can offer invaluable advice on counter-offers, contingencies, timelines and more. Also helpful is expertise on what makes one offer or buyer more appealing than another.

 

DECEMBER 2008 newsletter -         communication skills to move you where you wish to go              BLOG @   www.RETalkBlog.com

Home Is Where The Heart Is 

Renee Baccaro Realtor® Century 21 Jervis & Associates  800 N. Harbor Blvd. La Habra, Ca (562) 972 9886.

All About Short Sales 2008 and 2009

GENERAL MARKET INFO

Nov

22

Facing Possible Foreclosure? A Short Sale May Prevent a 300-400 FICO Score DROP!!! Read ON…

Posted by Renee Baccaro under For Sellers, General Information, Loans

FACING FORECLOSURE PROBLEMS?

-Are You In a Default Situation?
-Are You Facing Back House Payments?
-Do You Need To Sell ASAP?
-Do You Have Little Or No Equity In Your Home?
-Do You Owe More Than Your Home Is Worth?
-A “Short Sale” could be the answer
-We Can HELP!

OUR TEAM WILL ASSIST YOU TO MOST IMPORTANTLY FIND A BUYER FOR YOUR HOME. If  THE LENDER ACCEPTS YOUR SITUATION THIS WILL SAVE YOUR FICO SCORE FROM DROPING FROM 300 TO 400 POINTS IF YOU MUST FORECLOSE.

WE ARE PROFESSIONALS AND DO UNDERSTAND THAT THIS IS A VERY EMOTIONAL SITUATION FOR YOU AND YOUR FAMILY. DESCRESION IS USED IN ALL COMMUNICAITON.

WE WILL SHOW YOU HOW THIS IS ONLY THE BEGINNING OF YOUR WAY BACK TO OWNING YOUR OWN HOME IN THE NEAR FUTURE, RATHER THAN THE END OF HOME OWNERSHIP. THINK ABOUT OWNING A HOME IN THE NEXT FEW YEARS. A SHORT SALE MAY BE THE BEST OPTION YOU HAVE VS IGNORING YOUR SITUATION. IT WILL ALLOW YOU TO KEEP FAITH IN YOUR SELF, KNOW THAT YOU ARE TAKING THE CORRECT ACTION TO SAVE YOUR CREDIT, AND SUCURE YOUR FAMILY’S FUTURE RATHER THEN WAITING FOR THE INEVITABLE.

**Short Sales occur when borrowers sell their properties for amounts that are less than the amounts owed to the lender. How do I qualify for assistance? Borrowers need to prove that they are experiencing a substantial financial hardship. What is a Hardship? A hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are: Separation or Divorce Medical Bills Inability to work due to health reasons Death of Spouse Job Relocation Reduced Income or Unemployment Business Failure How do I qualify for a Short Sale? A borrower must prove that a hardship exists. The lender must be willing to accept the short sale proceeds as full settlement of the debt. What is required from the property owner? The property owner must: Sign a listing agreement with the realtor List the property for sale Cooperate with access, showings, offers, and with the realtor and SSW. Vacate the home following close of title Agree not to finance or otherwise encumber the property be responsible to maintain the home in “show” condition be responsible for minor repairs to the home be a responsible homeowner until close of title and vacancy of home. How can a Short Sale help me?  Help you minimize credit damages. Counsel you through the process. Your agent will work as a liaison to the servicer lender’s lost mitigation department.  We work with a specialized Short Sale Company called the Crystal Group with a track record of 98% short sale packaging success. This is because we will be honest and tell you if your situation is capable of a short sale process or not. Lastly,  your agent will provide relief during a difficult time. Why work with us? With over decades of combined experience we will be able to ensure you a proper assessment. Having to negotiate short sales is very tricky process. In most cases, the lenders have hundreds of files to review with very limited time to resolve them. Following a short sale process with a 98% success rate will insure you your solution.

 

 CALL RENEE BACCARO REALTOR – (562) 972-9886. FOR MORE INFORMATION.

Your agent will work as a liaison to the servicer lender’s lost mitigation department.

   WORKING WITH SELLER How long is your deliquesce?Has your servicer started Foreclosure proceedings? If so, When?Do you have a 2^nd lien or HELOC? If so are you current on those?

If we sell your property for less then you owe, can you make up the difference?

If so, are you willing to accept a promissory note for all or part of the difference?

You need to understand the Tax and Credit implications of a Short Sale. Know a Short Sale is less detrimental then a Foreclosure. With a Foreclosure you can actually lose up to 300 points on your FICO score. With a Short Sale it may only affect your FICO by 75-100 points.

If I become your agent I here by advise you to seek legal council and financial advice.

 Income or Assets 

IF SELLER HAS 2^nd or line of credit LEAN HOLDER will need to know, and approve the short sale. Do not procrastinate on contacting them. They  want to work with you. You are not alone in this situation. 42% of all sale in the past year have come from short sales and bank owned sales.

They will likely approve the short sale because they may gets some money from the short sale where as they may get nothing from a short sale.

We work directly with legal council to understand all the implication that go along with short sales.

 Short Sale Package This is where knowing that the package must be perfect or it will not pass, is extremely important if you what you home it sale. That is whey I work with the Crystal Group. They have been submitting short sale packages since the 1990’s with tremendous success. The will answer all your queston. And the charge for their service is $495.00 per loan. If you only have one loan it is a small charge for what they do. Two loans take double the time & skills.  What to know more?

Call me directly, or visit my short sale site.

I will be adding to this information and up dating this site: www.goaskrenee.com

 Renee Baccaro Realtor (562) 972 9886

Century 21 Jervis & Associates 800 Harbor Blvd. La Habra, Ca 90631