Friday, September 25, 2015
Friday, January 7, 2011
For sale by owner 3 bed room, $219,000 - Rancho Cucamonga
Not a short sale
Great area of Rancho Cucamonga, close to Upland
3 bed room 2.5 bath 2 car attached 2 car garage 1600 sq ft of living space.
Home is only attached to 1 other home. vaulted ceilings, close to 210 and 10 freeways.
HOA is only 230 a month. property is not an REO o...r short sale!!!!
Great deal on a 1600 sq ft PUD Sales price $219,000
If you have a Realtor price is 227k
Great area of Rancho Cucamonga, close to Upland
3 bed room 2.5 bath 2 car attached 2 car garage 1600 sq ft of living space.
Home is only attached to 1 other home. vaulted ceilings, close to 210 and 10 freeways.
HOA is only 230 a month. property is not an REO o...r short sale!!!!
Great deal on a 1600 sq ft PUD Sales price $219,000
If you have a Realtor price is 227k
Sunday, November 2, 2008
PRE FORECLOSURE SERVICES - NATIONAL LOAN MODIFICATION
Services offered by National Loan Modification
Forensic Audit A complete non-software* examination of your real estate documents in search of evidence of loan fraud or predatory lending to assist in a loan modification. * software based examinations are used by the banks and usually will not find anything of importance to your situation seeing that they were used during the original process when funding your loan. Many of the Loan Modification Centers, made of old mortgage co. and misleading lawyers, use it for a marketing tool for their radio ads and sales pitch, and/or to make their process quicker so they can service the hundereds of their files.
Loan Modification A modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.
Short Sale When the proceeds of a real estate sale fall short of the balance owed on the property and the bank or mortgage lender agrees to a lesser amount due to an economic or financial hardship by the borrower.
Credit Restoration A non-litigation attorney-based program to exonerate the negative items appearing on your credit reports performed by a BAR licensed attorney.
National Loan Modification is a team that has the experience you maybe searching for. With over an 80% closing ratio in Loan Modification and 90% in Short Sales, rest assure we will not be that "company" or "center" who will expand at your expense. With years of Real Estate industry experience we learned that quantity will not equal quality.
NLM specializes in the Real Estate process from loan modifications to "Short Selling" your home anywhere in the US. Professionalism and Confidentiality are attributes that accompany with our services. www.nlm-loanmod.com for more info.
Contact NLM by phone (949)777-2081 or (888)717-5565 for a free consultation. Remember "Quantity will not equal Quality"
Forensic Audit A complete non-software* examination of your real estate documents in search of evidence of loan fraud or predatory lending to assist in a loan modification. * software based examinations are used by the banks and usually will not find anything of importance to your situation seeing that they were used during the original process when funding your loan. Many of the Loan Modification Centers, made of old mortgage co. and misleading lawyers, use it for a marketing tool for their radio ads and sales pitch, and/or to make their process quicker so they can service the hundereds of their files.
Loan Modification A modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.
Short Sale When the proceeds of a real estate sale fall short of the balance owed on the property and the bank or mortgage lender agrees to a lesser amount due to an economic or financial hardship by the borrower.
Credit Restoration A non-litigation attorney-based program to exonerate the negative items appearing on your credit reports performed by a BAR licensed attorney.
National Loan Modification is a team that has the experience you maybe searching for. With over an 80% closing ratio in Loan Modification and 90% in Short Sales, rest assure we will not be that "company" or "center" who will expand at your expense. With years of Real Estate industry experience we learned that quantity will not equal quality.
NLM specializes in the Real Estate process from loan modifications to "Short Selling" your home anywhere in the US. Professionalism and Confidentiality are attributes that accompany with our services. www.nlm-loanmod.com for more info.
Contact NLM by phone (949)777-2081 or (888)717-5565 for a free consultation. Remember "Quantity will not equal Quality"
Thursday, October 9, 2008
Your Credit in a Foreclosure vs. a Short Sale - CALIFORNIA short sale specialist
Know that sellers will take a bigger hit on their credit report by going through foreclosure than going thru a Short Sale.
Of course paying you mortgage with a few late payments and modifying your loan is the best course of action, however that topic is for a different blog.
FICO score may sway towards the following:
Foreclosure
A hit of 200 to 300 points may occur within the 3 different credit bureaus. This means if a seller's FICO score before foreclosure was 720, it could dip lower than 300. The seller has to also consider the initial dings from the lates caused prior to the end of the foreclosure.
Short Sale
The affect of a short sale on a seller's credit report is much less damaging. The ding on credit will show up as setteled less then amount owed, some sort redemption status, or a few other different ways. But the result in the loss is about 60 to 140 points. This means a short sale with a previous FICO of 720 will see it fall to 550 to 600.
Estimated Waiting Period Before Buying Another Home
Foreclosure
When the seller now becomes a buyer it will take about about 60 months before a lender will offer a rate that you may consider. Of course at a purchase price of half of what you may have bought prior to this. But now with the constant daily guideline changes the lending industry is experiencing rates may not be economical for the buyer. Moreover, with the new restrictions of the guidelines the cure time and consequences may be worse.
"The presence of a foreclosure on your credit report probably will make it extremely difficult to obtain new credit at the best rates, especially if you also have problems with other credit accounts. A foreclosure remains on your credit report seven years to 10 yrs, so it will have a long-term effect on our creditworthiness."Experian - Credit Bureau
Short Sale
The good news for short sale sellers is that the wait is much shorter before buying another home. Short sale will show up on your credit for approx 3 years and you can build your credit with ease. Make sure to keep paying all other debit on time.
Of course paying you mortgage with a few late payments and modifying your loan is the best course of action, however that topic is for a different blog.
FICO score may sway towards the following:
Foreclosure
A hit of 200 to 300 points may occur within the 3 different credit bureaus. This means if a seller's FICO score before foreclosure was 720, it could dip lower than 300. The seller has to also consider the initial dings from the lates caused prior to the end of the foreclosure.
Short Sale
The affect of a short sale on a seller's credit report is much less damaging. The ding on credit will show up as setteled less then amount owed, some sort redemption status, or a few other different ways. But the result in the loss is about 60 to 140 points. This means a short sale with a previous FICO of 720 will see it fall to 550 to 600.
Estimated Waiting Period Before Buying Another Home
Foreclosure
When the seller now becomes a buyer it will take about about 60 months before a lender will offer a rate that you may consider. Of course at a purchase price of half of what you may have bought prior to this. But now with the constant daily guideline changes the lending industry is experiencing rates may not be economical for the buyer. Moreover, with the new restrictions of the guidelines the cure time and consequences may be worse.
"The presence of a foreclosure on your credit report probably will make it extremely difficult to obtain new credit at the best rates, especially if you also have problems with other credit accounts. A foreclosure remains on your credit report seven years to 10 yrs, so it will have a long-term effect on our creditworthiness."Experian - Credit Bureau
Short Sale
The good news for short sale sellers is that the wait is much shorter before buying another home. Short sale will show up on your credit for approx 3 years and you can build your credit with ease. Make sure to keep paying all other debit on time.
Dow Ends Below 10,000 for the First Time since 2004
New York's Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.
During its lowest point the Dow was down more than 800 points, which makes a new record. The stock market rallied during the final 90 minutes of the trading day, and the Dow finished down about 370 points at 9,955.50. Now speculation among traders late in the session that the market's pullback had been severe enough to force the Federal Reserve into taking other steps to soothe the markets helped stocks rebound from their lows.
The swings in the Dow on Monday also marked the beginning a fourth week of tumult in the markets. Triple-digit Dow swings have been commonplace since mid-September, when investment house Lehman Brothers went bankrupt and the government stepped in to bail out insurer American International Group. The crush of selling Monday came exactly one week after the Dow lost 778 points, its biggest closing loss in terms of points. On that day, the House voted down an earlier bailout package that had appeared to be a safe bet to pass.
The sell-off came despite the $700 billion U.S. government bailout package, which was signed into law Friday after two weeks in which traders had appeared to count on the rescue as their only hope to avoid a market meltdown. In the United States, President Bush twice made unscheduled remarks on the economy, saying in Cincinnati that the economy would be "just fine" but that the bailout package needed time to work. But even with the bailout package firmly in place, a plan under which the federal government will buy bad mortgage-related assets off the books of banks, investors remain worried that banks are too fearful to lend and are cutting off air to the economy.
The down fall started with an overheated housing market in the U.S. have infected financial markets around the world, making banks fearful of lending to other banks, let alone to businesses and consumers. That has led to worries that economies around the world might not only sputter but slide into reverse. Thus causing a global plunge in stocks was under way well before Wall Street ever woke up. In Japan, the Nikkei average lost more than 4 percent. And then the losses spread across Europe, nearly 6 percent for the FTSE-100 in Britain, 7 percent for the German DAX and more than 9 percent for France's CAC-40.
The market "is displaying one of its worst traits with a herd mentality, and investors have an appetite for feeding on fear," said Anthony Sabino, a professor of law and business at St. John's University.
But he cautioned it was still not a nightmare scenario.
"Most certainly, this is not the Great Depression of the 1930s, but (is like) the savings and loan crisis of the 1980s - and we bailed them out," he said. "Once people catch their breath, they'll see this is the proper analogy and this will breathe life back into banking institutions."
Over the weekend, governments across Europe rushed to prop up failing banks, while the governments of Germany, Ireland and Greece also said they would guarantee bank deposits. U.S. investors appeared worried the bailout would not be enough to jump-start the economy. Even other steps, including a Federal Reserve decision to expand a loan program to squeezed banks, didn't help much.
The sharp one-day tumbles over the last two Mondays don't come close to the drops that became black marks on the timeline of Wall Street history. Black Monday, in October 1987, and stock drops that preceded the Great Depression were more than 20 percent. Monday's drop, by comparisons, was less than 8 percent at its worst.
For the day, the Dow lost 3.6 percent. The selling was broad: Little more than 200 stocks finished the day higher on the New York Stock Exchange, while about 3,000 finished lower. At its lowest point Monday, the Dow was down 800.06, at 9,525.32. The benchmark average dipped below 10,000 for the first time since Oct. 29, 2004, and closed there despite the afternoon rally.
As an indication of how fearful investors still are, government-backed debt was in high demand. Investors also moved into longer-term Treasury bonds as they fled the stock market.
During its lowest point the Dow was down more than 800 points, which makes a new record. The stock market rallied during the final 90 minutes of the trading day, and the Dow finished down about 370 points at 9,955.50. Now speculation among traders late in the session that the market's pullback had been severe enough to force the Federal Reserve into taking other steps to soothe the markets helped stocks rebound from their lows.
The swings in the Dow on Monday also marked the beginning a fourth week of tumult in the markets. Triple-digit Dow swings have been commonplace since mid-September, when investment house Lehman Brothers went bankrupt and the government stepped in to bail out insurer American International Group. The crush of selling Monday came exactly one week after the Dow lost 778 points, its biggest closing loss in terms of points. On that day, the House voted down an earlier bailout package that had appeared to be a safe bet to pass.
The sell-off came despite the $700 billion U.S. government bailout package, which was signed into law Friday after two weeks in which traders had appeared to count on the rescue as their only hope to avoid a market meltdown. In the United States, President Bush twice made unscheduled remarks on the economy, saying in Cincinnati that the economy would be "just fine" but that the bailout package needed time to work. But even with the bailout package firmly in place, a plan under which the federal government will buy bad mortgage-related assets off the books of banks, investors remain worried that banks are too fearful to lend and are cutting off air to the economy.
The down fall started with an overheated housing market in the U.S. have infected financial markets around the world, making banks fearful of lending to other banks, let alone to businesses and consumers. That has led to worries that economies around the world might not only sputter but slide into reverse. Thus causing a global plunge in stocks was under way well before Wall Street ever woke up. In Japan, the Nikkei average lost more than 4 percent. And then the losses spread across Europe, nearly 6 percent for the FTSE-100 in Britain, 7 percent for the German DAX and more than 9 percent for France's CAC-40.
The market "is displaying one of its worst traits with a herd mentality, and investors have an appetite for feeding on fear," said Anthony Sabino, a professor of law and business at St. John's University.
But he cautioned it was still not a nightmare scenario.
"Most certainly, this is not the Great Depression of the 1930s, but (is like) the savings and loan crisis of the 1980s - and we bailed them out," he said. "Once people catch their breath, they'll see this is the proper analogy and this will breathe life back into banking institutions."
Over the weekend, governments across Europe rushed to prop up failing banks, while the governments of Germany, Ireland and Greece also said they would guarantee bank deposits. U.S. investors appeared worried the bailout would not be enough to jump-start the economy. Even other steps, including a Federal Reserve decision to expand a loan program to squeezed banks, didn't help much.
The sharp one-day tumbles over the last two Mondays don't come close to the drops that became black marks on the timeline of Wall Street history. Black Monday, in October 1987, and stock drops that preceded the Great Depression were more than 20 percent. Monday's drop, by comparisons, was less than 8 percent at its worst.
For the day, the Dow lost 3.6 percent. The selling was broad: Little more than 200 stocks finished the day higher on the New York Stock Exchange, while about 3,000 finished lower. At its lowest point Monday, the Dow was down 800.06, at 9,525.32. The benchmark average dipped below 10,000 for the first time since Oct. 29, 2004, and closed there despite the afternoon rally.
As an indication of how fearful investors still are, government-backed debt was in high demand. Investors also moved into longer-term Treasury bonds as they fled the stock market.
Wednesday, October 1, 2008
DANA POINT OCEAN VIEWS 3 BEDROOM SHORT SALE
3 BEDROOM 2.5 BATH 2 CAR GARAGE 6000 SQ FT LOT 2000 SQ FT OF LIVING SPACE ASKING $840K
Sunsets and Ocean Views! With attention to detail this completely remodeled beautiful villa features new hardwood and travertine flooring, new stainless steel top of the line appliances, custom fireplace mantle and banister and private deck off of the Master Suite overlooking the ocean. Easy walk to the beach and nearby resorts!Wonderful property for entertaining with french doors leading out to professional hard scape and lush landscape. Unbelievable ocean views from master bedroom balcony!!!!
www.ReMaxAnn.com for more info.
Looking to buy or sell contact the short sale division at
Sunsets and Ocean Views! With attention to detail this completely remodeled beautiful villa features new hardwood and travertine flooring, new stainless steel top of the line appliances, custom fireplace mantle and banister and private deck off of the Master Suite overlooking the ocean. Easy walk to the beach and nearby resorts!Wonderful property for entertaining with french doors leading out to professional hard scape and lush landscape. Unbelievable ocean views from master bedroom balcony!!!!
www.ReMaxAnn.com for more info.
Looking to buy or sell contact the short sale division at
714-588-7676.
QUICK LOOK AT ITEMS NEEDED IN A SHORT SALE
Items needed in a short sale from the seller
2 MONTHS BANK STATEMENTS
ONE or TWO YEARS OF TAX RETURNS
ONE MONTH OF PAY CHECK STUBS
HARDSHIP LETTER
FINANCIAL WORK SHEET
AUTH LETTER
Items needed from the Listing agent
CMA
Listing agreement
Buyers offer
Pre-approval lttr
Proof of funds if there is a down payment
HUD 1
EVERY BANK HAS ITS OWN GUIDELINES.
CALL AHEAD FOR THEIR LIST OF REQUIREMENTS.
RE/MAX HOMES AND ESTATES
ANN URIAS
714 588 7676
RE/MAX HOMES AND ESTATES
ANN URIAS
714 588 7676
ORANGE COUNTY SHORT SALE REALTOR
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