Orange County Short Sale Specialist: September 2009

BANK OWNED YORBA LINDA OPEN HOUSE

This is your opportunity, Open House Tomorroa Saturday September 26th from 11:00am to 3:00pm

BNAK OWNED ****  BANK OWNED ****

Address:

28180 Meadow land Dr. Yorba Linda CA 92887

Come to see me! You will save lots of $$$$$$$.

4 Bedrooms      3 bathrooms

3 Fireplaces      3 Car garge

2,764 Sqft        8,162 Lot Size

How to get there?

From the 91W, Get off on Gypsum Canyon Rd and turn left, keep stright, Right on La Palma Ave, which it becomes Camino de Bryant, keep stright and turn right on Meadow Land. 

For more details call agent

Carlos Morales 714-955-1932

carlos_a_morales@hotmail.com

www.carlmorales.com

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 financial condition, prepare the BEST strategy to either keep your home or rescue your credit history from taking a great and LONG lasting DAMAGE.

We are specialist in this subject matter, you ARE not alone, and the worst you can do is not to call 714-955-1932. The call is FREE, the Consultation is FREE, Our help is FREE, Our ALLIANCE is FREE, BUT OUR EXPERTISE AND SUPPORT TO YOU IS PRICELESS.

www.orangecountycashortsale.com

DRE Lic# 01706745

What Benefits Will You Get After Working With Us?

THE NUMBER ONE "UNO" BENEFIT IS

You will be calm and stress FREE

•·       IF You Decide to Sell:

•·       You Credit will take less Damage than if you wait to be foreclosed.

•·       You will be able to buy another home is 2 years instead of 7.

•·       You will save thousands of dollars in credit cards and other loans interest rates.

•·       We are in control of the sale transaction.

•·       Your lender will pay our commissions.

•·       YOU WILL SAVE YOUR PRIDE

Call Carl Morales today at 714 - 955 - 1932 to schedule an appointment.

Not ready to call? Send us an email cmorales@ochomes-estates.net

TEXT Messages are WELCOME "714-955-1932"

Remember: You are not alone and we are here to help.

www.carlmorales.com

www.orangecountycashortsale.com

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 of transactions are subject to your investor approval.

To see more questions and answers about loan modification visit

http://www.nls.gov/offices/hsg/sfh/nsc/faqlm.cfm

 Remember, I'm always here to help and assist you in your real estate matters\

Sincerely

Carlos Morales

www.carlmorales.com www.orangecountycashortsale.com

Yorba Linda, CA Bank Owned Property

Excellent opportunity to save money in this gorgous property, BANK OWNED

 4 Bedrooms and 3 Bathrooms

 2,764 Total SQFt

 8,162 Total Lot Size

  Built on 1989

 Property located on the Meadow Land area, it offer a great Canyon view, excellent pool size and great and calm neighborhood.

3 Car Garage

Don't miss this opportunity. Call today to get more details about this property

Carl Morales 714-955-1932 carlos_a_morales@hotmail.com

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.

8,000 dlls tax credit in Orange County, Do you qualify for it?

8,000 dlls credito sobre los impuestos en Orange County, Usted Califica?

What if you already own a vacation home, are you disqualified?

Que tal si ya tiene una casa que usa para vacacionar o que no habita en ella? quedo ya descalificado para este credit?

What if your partner owns a house but not you, are you eligible for the tax credit?

Que tal si su pareja ya tiene una casa pero usted no, viven juntos pero no estan casados, califica para este credito?

This is a great opportunity for first time home buyers, to actually own a property, buy it with very low down payment, home prices are very affordable and interest rates and very low, nevertheless, a lot of buyers don't know whether they qualify for the tax credit, and if they do, how does that work, do they need to pay it back?

to answer the above questions and more, I invite you to visit the below link, you will find answers to a lot of questions regarding this matter, and remember, I good realtor is on top of things and can respond to those and other real estate questions you may have.

Esta es sin lugar duda una excelente epoca para comprar una casa, y convertirse en un primer comprador y dueño de su propiedad, los precios de las casas estan bastante economicos, el enganche necesario es muy minimo y los intereses ni hablar, super bajos, sin embargo, por increible que parezca aun hay mucha gente que no se anima a dar ese paso, para convertirse en un propietario de casa, aproveche este credito del gobierno!

Para responder a esas preguntas u otras relacionadas con la compra de su casa, recuerde, un buen real estate, se mantiene al tanto de lo que pasa y podra ayudarlo a resolver esas preguntas, lo invito a que revise el link de abajo para ver las preguntas mas comunes con especto al credito de 8,000 dolares.

http://www.federalhousingtaxcredit.com/2009/faq.php#1

Thank you all for your kind answer, I look forward talking to you soon

Sincerely

Carlos Morales CDPE Real Estate Re/Max

714-955-1932

My Property is on FIRE and we are in Escrow now What?

Surely this question has come to your mind if your property is located in a fire hazard area, and more than once you have thought what would happen in the event I'm selling my property and during the escrow period a fire strikes my neighborhood therefore my house?

Well, here you will find some information about this event.

What are the general rules relating to who bears the risk of loss in a real estate transaction where a fire or other natural disaster, strikes the property?

If the purchase contract between the buyer and seller does not state who is to bear the risk of damage or loss to the premises during the time between the execution of the contract and the transfer of title, the liability of the parties is governed by the California Uniform Vendor and Purchaser Risk Act (Cal. Civ. Code § 1662). Under the provisions of this statute (assuming no fault on the part of the buyer), the risk of loss or damage to the premises is carried by the seller until the buyer receives either title or possession. (Note: C.A.R.'s Residential Purchase Agreement and Joint Escrow Instructions, Standard Form RPA-CA, revised 10/02, do not dictate how risk of loss is allocated between a buyer and a seller.)

If all or a material part of the premises are damaged before title or possession is given to the buyer, the buyer can cancel the contract and recover any portion of the purchase price paid. It is not clear whether the buyer can alternatively elect to enforce the contract with a reduction in the purchase price equal to the loss of value or cost of repair.  (Cal. Civ. Code § 1662.)

After the buyer has taken possession or has received title, the buyer bears the risk of loss or damage to the premises (assuming no fault on the part of the seller). Therefore, if the premises are damaged, the buyer must still complete the contract and pay the balance of the purchase price.  (Cal. Civ. Code § 1662.)

If the purchase contract does contain a risk of loss provision, that provision will govern to the extent it is different from or more specific than the Uniform Vendor and Purchaser Risk Act (Uniform Act) (Cal. Civ. Code § 1662).

Newport Beach Homes and Condos Sales Report

If you wonder whether this economy has impacted in anyway cities like Newport Beach, Huntington Beach, Dana Point, Rancho Santa Margarita, the answer is very simple.

It has impacted the sales volume, but not in a way to be worried about, keep in mind that "high end properties" always take longer time to sell than traditional homes.

The total units sold in the last 4 months (May, June, July and August) reflect a very steady and consistent market.  

This graph can show you the total unit sold in the last 4 months. It is great! considering that we are in the middle of the ugliest financial crisis in the last 20 years, the number are very good.

If you are a buyer and wants to acquire a property in the area of Newport Beach, Huntington Beach, Dana Point and Rancho Santa Margarita, please call me, I will gladly assist you.

If you are a seller and you are not sure whether this is the best market for you to sell your property, please call me, I will do a specific market analysis for your property and I will get it sold.

Visit my website www.carlmorales.com www.orangecountycashortsale.com

Thank you

Carlos Morales