Orange County Short Sale Specialist: California: Orange

FACING FORECLOSURE - ORANGE COUNTY SHORT SALE SPECIALIST

FACING FORECLOSURE PROBLEMS?

FACING DIFFIGULTIES ON PAYING YOUR MORTGAGE PAYMENT?

-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?

-Do you have a Notice of Default?

-Do You have a sale date ?

-Did your modification got denied?


We Can Help You Avoid Foreclosure And Bankruptcy!!

Things Sometimes Can Go Very Wrong.
Losing Your Home To Foreclosure Isn't The Only Option You Have.
A "Short Sale" Could Be The Answer.

We Can Negotiate With Your Lender To Accept Less Than Your Payoff Amount Owed.
This Is Better Than Having A Foreclosure Or Bankruptcy On Your Credit History.

My team can help you.

www.orangecountycashortsale.com for a list of all my short sale listings

Buying A House In A Down Market Orange California Tip 4

Negotiate With the Realtor

When houses are selling at a slow pace, many real estate agents are also struggling. In such an environment, both agents and firms may be more inclined to knock a percentage point or two off of their commission schedule to get a deal done.

But isn't it's the seller's job to pay the real estate agent? Why should you care what the commission is? 

Commission is important to the buyer because the seller probably listed the home at a high price so he or she could pay the commission to the agent and still walk away with a nice profit. Buyers can get their real estate agents to ask the listing agent to lower his or her commission so that the deal gets done, and both the seller and his or her agent both walk away with a decent profit.

The Consumerist.com offers these tips for increasing your leverage when negotiating with a real estate agent:

• You may be able to get a discount by using the same agent to sell your current house and buy a new one.
• Smaller real estate firms may be able to approve lower commission rates more quickly, because they have fewer layers of bureaucracy.
• If one agent won't negotiate, find another who will.
• Consider using the internet as much as you can to eliminate properties you are not interested, send a list of these homes to your real estate agent so the house hunting time is less and more productive. There are services available online that give house hunters direct access to the Multiple Listing Service, allowing them to find potential properties themselves.

  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

 Buying A House In A Down Market Orange California Tip 3 

 Look out for Motivated Sellers
 Some homeowners may want to sell their homes in a hurry. This gives you additional bargaining power. In a situation like this it makes sense to ask if the seller will throw in the lawn mower, furniture or fixtures that you like. You can also ask the seller to cover closing costs in total or in part. Of course, the listing price is always negotiable as well.

Here are a couple of signs that the seller is motivated: 

• The home may have been on the market for several months and has undergone several price reductions.
• At the showing the home is empty, which suggests the seller has moved and may be holding two mortgages.

It's very difficult to determine exactly how much leverage you have in any given situation - after all, there are many reasons why someone could be selling. However, your agent can give you a general idea of the seller's motivation. An agent has access to the Multiple Listing Service and can track down the original list price versus the selling price for similar homes in the area. The agent can also find out how long the house has been on the market and determine any price reductions that have occurred.

Many states make deed records and home-sale information available to the general public on the internet. This information will tell you what the seller paid for the home, which, in turn, tells you how much profit the seller stands to make if he or she gets the asking price.

For More information visit 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

 Buying A House In A Down Market Orange California Tip 2

Tip No.2 - Get Prepared, Orginized and Planned.

Keep in mind, you are probably not the only bargain hunter looking to steal a good deal out there. You may have an edge on the sellers, but another buyer could snap up your great deal if you delay the buying process or if you try to knock down the seller's too much. To make sure that you're able to pounce on a deal at a moment's notice, it makes sense to get pre-approved for a mortgage and to have an attorney on retainer to handle the closing paperwork, in California it is very common to have Escrow companies to handle this costs and paperwork. (To learn more, see Pre-Qualifies Vs. Pre-Approved - What's The Difference? and The Benefits Of Using A Real Estate Attorney.)

It also makes sense to line up a home inspector and an insurance agent. These professionals provide valuable information and let a buyer know early on in the process, during the attorney/escrow review period, what items might need repair as well as what the home will cost to insure.

Do all this investigation with each pertinent party, do not rely only on your realtor, even though we have the duty to assist you and provide you with a full disclosure of the property conditions and neighborhood, you are the investor and if you have a particular concern about neighborhood, streets, house, etc. do hesitate to conact the pertinent entity, we can help you to get in contact once you let us know what you want to find out.

For more information I invite you to visit my website www.carlmorales.com or send me an email at cmorales@ochomes-estates.net you can always call me or text me at 714-955-1932

Thank you all have a great day and don't forget to comback tomorrow for the next tip.

Carlos

Buying A House In A Down Market Orange California

When real estate sales are slow, and there is an extensive inventory of homes for sale, buyers have an opportunity to pick up a house on the cheap. The key word here is "opportunity". There are times when you should pounce and times when you should show restraint and avoid the impulse to buy, if you are able to differenciate between this two types of market it will save you thousands of dollars.

I'm going to provide you 7 Tips to buy a house in a Down Market.

I invite you to join my blog and follow these tips that will empower you to take better and stronger decisions when getting into the house hunting whether you are a sofisticated investor or a first time home buyer, being informed is the key of a successfull investment.

Tip No.1 - Do your Homework

Prospective buyers would be wise to search the internet for listings, inquire with a Realtor or real estate agent and also check the local newspapers to gain insight on a particular area. Realtor.com is a good source, you can also visiti my website www.carlmorales.com it will allow you to do some custom searches.

The objective of this research is to get to know the price range for the area. You want to learn what is considered excessive and what is considered low. This research will help you make a reasonable bid and also provide the first inkling that there is bargaining room on a particular home. (To begin with an overview of the buying process and terminology you need to know, check out First-Time Homebuyer Guide.) Available upon request, please call Carlos Morales at 714-955-1932

Q: What is a Short Sale?

A: A Short Sale transaction occurs when the lenders are paid a negotiated amount that is less than the actual principal balance owed.

Q: Why are the Banks Accepting Short Sales?

A: In a foreclosure, the lender incurs legal fees and may not take possession of the home for several months. When the lender takes possession, the condition is unknown, and the home will have to be sold regardless.

Q: How are the Selling Costs Paid?

A: In a successful Short Sale transaction the selling costs are absorbed by the lender.

Q: What is a Mortgage Default?

A: A mortgage is considered to be in default when one or more monthly payments have been missed.

Q: What Solutions are Available if I am in Default on My Mortgage Payments?

A: You may qualify for a broad range of solutions to help you during your hardship.

Short Sale/Payoff

Loan Modification

Deed in Lieu

  Q: How do I Qualify for Assistance?

A: Borrowers need to prove that they are experiencing a substantial financial hardship.

Q: What is a Hardship?

A: 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

Q: How Do I Qualify for a Short Sale?

A: A borrower must prove that a hardship exists. Then the lender must be willing to accept the short sale proceeds as full settlement of the debt.

Q: What is Required From the Property Owner?

Sign a Listing Agreement with Your Realtor

Agree Not to Finance or Otherwise Encumber the Property's Title

List the Property for Sale

Cooperate with Your Realtor with the Accessing, Showings, and the Offers of Your Home

Be Responsible in Maintaining 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

Vacate the Home Following the Close of Title

  Q: What is the Mortgage Forgiveness Debt Relief Act of 2007?

A: The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence.  Please see a real estate CPA for further information.

For further information do not hesitate to contact Carl Morales at 714-955-1932

visit www.carlmorales.com

www.orangecountycashortsale.com

Thank you

Comprar mi Casa en Orange County California

Que tal amigo, se quiere usted Comprar su Casa en Orange County California necesita leer esto y estar bien preparado.

Seguramente si esta ya interesado en hacer su compra ya sea por primera vez o no se pregunta como esta le mercado?, que necesito para comprar ahora?

Pues bien sin hacerle perder mas su tiempo, he puesto una lista de recomendaciones que usted debe seguir para que realice con exito su compra.

1) Consulte con el banco de su preferencia por cuanto lo pueden calificar (Prequalification letter). el Banco le pedira cierta documentacion, (mas tarde hablare de ella) para poder darle us carta de aprovacion de credito.

2) Entreviste por  lo menos a 3 agentes de bienes y raices, Por que?, por que muchas veces los intereses de usted no son los intereses del agente, y lo pueden mal informar, o hacerle perder su tiempo. Serciorece que su agente entendio lo que usted necesita, lo que usted busca y revice el plan de compra que el agente le sugiere, si no se siente agusto trate de platicarlo con el agente y si no hay un acuerdo mutuo consulte con otro agente.

3) Viste Open houses, la finalidad de visitar open houses es para que usted vea de cierto modo el inventario de casas, la calidad, condicion, precio y vecindario. De esa manera usted y su agente pueden hacer la busqueda de casa mas inteligente y perder menos tiempo para encontrar su casa.

4) Revice que los fondos para su enganche (down payment) estan listos y disponibles para cuando su oferta sea aceptada.

5) Una vez que encuentra su casa, haga su oferta, en ella se debe de incluir lo siguiente:

     5.1.- Contracto firmado por todos los compradores

     5.2.- Copia de su carta de aprovacion de credito bancario.

     5.3.- Copia de su primer pagina del reporte de credito.

     5.4.- Copia de su estado de cuenta bancario comprobando su enganche.

     5.5.- Copia de su Deposito para abrir escrow.

Lo invito a que vaya a mi pagina de internet o me escriba un email o mandeme un text message si tiene alguna otra pregunta.

Tambien visite mas seguido mi blog, todos los dias tengo sugerencias y comentarios importantes para usted.

Gracias

Carlos Morales

714-955-1932

www.carlmorales.com

www.orangecountycashortsales.com

cmorales@ochomes-estates.net

Buying a house in Orange County California

Hello

If you are a buyer or prospect buyer and wonder about how the real estate market is doing? or what would you need in order to buy your house in Orange County?

This information is for you.

FOR FIRST TIME HOME BUYERS

This is without any questions a very interesting market, lots of things are happening for good and bad for you as a buyer needs to be very well informed so you can take the steps to succeed in your housing quest.

1.- Obtain a pre-qualification letter from a direct lender (WellsFargo, CHASE, Bank of America, etc.)

2.- Interview at least three real estates, find out how can they help you, what buying strategies they suggest you to follow and work with the one that best suits your needs.

3.- Have your Down Payment ready, (the more the better) even though you can get a house with a little as 3.5% down payment, in a sellers market (which is the case of Orange County) if you have more down payment don't be afraid of putting it down, that could make the difference between you getting the house or not.

4.- Drive by open houses. It is important you work with a Real Estate Agent prior to begin visiting open houses, why? you may get confused with other agents comments. if you are only visiting open houses to find the house you want, it may take you months to find it.

5.- Once you and your realtor found the property you want, write down an offer and have ready all the documentations you need

      5.1.- Purchase Contract

      5.2.- Copy of your Pre-qual letter

      5.3.- Copy of your first page of credit report

      5.4.- Copy of your Bank Statement showing your down payment.

      5.5.- Copy of your Good Faith Deposit Check

      5.6.- and  lots and lots of luck!

Ok. Keep checking my daily postings for buyers, you will find more information like

a) What do you need to prepare before going to any Bank to get your pre-qual letter.

b) How to select a good Real Estate

c) How to find the house?

See you soon

Carlos Morales

www.carlmorales.com

www.orangecountycashortsales.com

714-955-1932

cmorales@ochomes-estates.net