Feed: RSSMix.com Mix ID 1514497 - AggScore: 47.2

Tips on Purchasing Short Sale Real Estate

---

San Diego County is ripe with excellent Foreclosure and Short Sale deals waiting to be snatched up. Short sales and foreclosures are great ways to get a deal on a San Diego Home or San Diego condo, but you should know what to look for and what to look out for.

Short Sales occur when a lender allows a house to be sold for less than what is owed on the mortgage. In many cases, the bank will lose less money in a short sale transaction than letting the house go into foreclosure. Since the lender is responsible for approving the sale, it is important to make your offer as appealing as possible.

    * It's important to get pre-approved with a qualified lender. A pre-approval letter is a MUST for short sales to prove you are serious about your purchase.
    * Don't try and negotiate for repairs or ask for special reports on the house. It is best to buy the house "as is".
    * Offering a deposit of 2 - 3% of the offer price is going to catch the banks eye a lot more.
    * Conventional loans or All Cash are the most appealing.
    * A large Down Payment makes an attractive offer.

It's important to remain patient. Short Sales have to go through extra steps than a regular transaction, such as bank approval, so don't get over anxious if it takes a couple of months before an answer is received. Don't be afraid to place offers on several opportunities rather to focus on one specific property. It is never out of the question to make offers on homes or condos that already have existing or even have already accepted offers.

Many times the original offer will back out of the transaction due to several factors that may occur in the length of time from their original offer and the Short Sale approval. Always remember that the best deals go first and if you see a good property, you should submit an offer with a qualified Real Estate Consultant ASAP.

Roland have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

Understanding Bank of America's Foreclosure Moratorium

---

Bank of America is holding up the foreclosure sale, not the entire process. Every step in the foreclosure process is continuing as normal except for the actual trustee sale. Keep in mind that this is a temporary moratorium. It will not last forever, and it is unlikely that the foreclosure moratorium will last long at all.

Here is the press release:

"Bank of America has extended our review of foreclosure documents to all fifty states. We will stop foreclosure sales until our assessment has been satisfactorily completed. Our ongoing assessment shows the basis for our past foreclosure decisions is accurate. We continue to serve the interests of our customers, investors and communities. Providing solutions for distressed homeowners remains our primary focus."

What Happened?

As you may know, in a Florida case, there was a "robo signer" who was signing away hundreds of properties a day. In a foreclosure, papers that need to be signed must be reviewed for accuracy. Obviously this did not happen. When questioned about the signature and whether this review actually took place, the employee who had her name on 3,000+ foreclosure affidavits said she did not review a single one, nor was she familiar with the foreclosure process as a whole. Hence, the moratorium has been made until the papers are reviewed and determined accurate. Other robo signers have been reported to be hairstylists and teens.

Future of CA Short Sales

Future of CA short sales is very uncertain. The new short sale law, Senate Bill 931, that comes into effect which stipulates that a 1st lien holder cannot receive deficiency judgment as of Jan 1, 2011, unless...

    * If the borrower committed fraud
    * If the borrower commits waste, or intentionally damaging the property
    * If the borrower is a corporation or a political subdivision of the state

This means that Californians will be able to walk away from their property free and clear of their note, no questions asked. If you have borrowed money to make a purchase, the note is a non-recourse obligation, that is, you don't have to pay it back in the case of a deficiency judgment. But many Californians either saw an opportunity to refinance, whether it was to get a better rate or to take equity out of their homes for personal use. Once they refinance this mortgage the liability becomes recourse, meaning they are on the hook for it. This distinction between purchase money and refinanced first liens will be eliminated by law, as a result of this bill's passage. More people may be persuaded to sell their homes short which will move market prices.

Senate Bill 931 has no impact on lender's rights regarding a junior or 2nd lien. Bankruptcy courts, however, have been quite liberal of late in "stripping" or removing the property as security for the junior lien if there is no equity to support the position. In a short sale it remains imperative your agent understand the financial ramifications of a client's chain of title.

Beverly have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

Downtown San Diego Condo Prices Holding Firm

---

Downtown San Diego condos priced at over $1 Million held on to their value steadily throughout 2007 showing no depreciation or appreciation. This is great news for owners of those highly desired properties but bad news for those looking for a deal on the best that downtown has to offer. Bargain hunters can find plenty of bottom feeding available at the low end of the quality and price points. Condos under $400,000 are extremely difficult to sale and that is the area discount shoppers will find the foreclosures and short sales.

Last years results are in, prices on average downtown dropped 7.5% in 2007 from 2006. Specifically I am referring to sold price per square foot, $547 vs. $592. The condos priced under a million dollars were responsible for this decrease as the condos above a million dollars held steady at $1,048/sf. Only three buildings saw an increase in their sales prices: Cityfront Terrace (as a result of reaching a settlement on their litigation), Harbor Club (people still demand premium bay views) and the Watermark (as a result of their recent common area remodel). What we are seeing in our market is quality buildings in prime locations selling well, while entry level condos in the less desirable areas are extremely difficult to sell and often are being given back to the banks. Downtown's high end is holding well as those buyers are not as sensitive to the recent credit tightening and are better able to handle any ARM resets they may be facing.

Currently there are 900 new and resale condos available, up from about 700 units two years ago. The main reason for the increase is the number of unsold units in newly completed buildings. The volume of resale inventory has been consistent over the past two years at about 500 units. In 2008, we will see the completion of three new condo buildings (Aria, Breeza and Sapphire tower) and in 2009 only two new buildings (Bayside and Vantage Pointe) will be completed. If you're looking to trade up or buy one of the better condos downtown, it's never been a better time to "buy low".

Joberth have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

San Diego Fast Home Selling Solutions So You Can Sell Your House Quick

---

Contrary to popular belief, now is the time to sell your home, especially if you live in San Diego. Selling your home in San Diego does not have to be a difficult or stressful process. There are statistics that prove the real estate market is still thriving in SD. This article will discuss recent trend statistics in San Diego and those neighborhoods enjoying the highest success rates.

Did you know there were over 900 sales of homes in San Diego, solely for the month of April? In particular, single-homes are selling very well right now. In Spring Valley, specifically, there were over 40 single-family homes sold in April. The average price homes were sold for in Spring Valley was $295,000.

Homes are definitely able to be sold in SD. The key is utilizing social media to communicate with a wider market. There are plenty of people in the United States that desire the opportunity to live in California and especially San Diego.

Even luxury real estate is being sold right now. In Coronado, 16 single-family homes were sold for an average price of $1,200,000. The people that are selling homes have the help of savvy San Diego realtors on their side. Be sure to hire a realtor with extensive knowledge of marketing strategies for social media like Facebook, Twitter, Flickr, and other sites.

Chula Vista is another area enjoying a high volume of real estate sales. Over 150 homes were sold in Chula Vista for the month of April. Chula Vista homes are selling for top dollar right now. If you have a home in Chula Vista, chances are you will be able to sell for anywhere between $270,000 to $480,000. Do not get allow yourself to be discouraged by your local television news station, because the truth is that homes are selling frequently in all areas of San Diego.

Plenty of condominiums are also being sold in SD. In Coronado, 8 condominiums were sold for over $1,000,000 in the month of April in 2010. This was a 70% increase from the previous month, March. In Kensington, there were 17 condominiums sold for an average price of $220,000. Kensington enjoyed 100% increase in its sale prices from the previous month. The statistics are astonishing, but the numbers do not lie. The real estate market is slowly transitioning into a seller's market. There is no need to feel that you can not sell your home. With a great realtor, selling your home can be an easy task.

Homes are being sold in San Diego, as evidenced by the strong statistics from April of 2010. If you are thinking about selling your home, contact a local home buyer or realtor to make your dream a reality. If you decided to list your home with a realtor I suggest asking them some basic questions so you know how your house will be presented to potential home buyers. Questions like what websites will my house be posted on, If a buyer is interested in viewing my home what should I do to make the presentation of my home the best, and how long do you think it will take to sell my house at the listing price you are suggesting are all great questions to ask a realtor.

If you need to sell your San Diego home fast because of divorce, foreclosure, relocaiton, family illness, or other reasons, it is suggested to contact a local home buyer in the area so you can receive a free offer on your house.

Charlie have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

The San Diego Condo Market

---

The San Diego condo market has seen steady increases in prices over the last six months. This is an excellent sign that the housing market, in the area, is starting to settle down as the price declines have stopped. The sales in the area have also been steadily increasing. This has caused a decrease in the available inventory on the market and has helped to peak the interest of potential buyers. The best news about this turnaround is that the values of homes in the area have stopped dropping, which is great news for current homeowners as well as prospective buyers.

In December 2009 the median condo price went up nearly $5000, which brought the median price to $330,000. This is a big increase over the previous years median price, which came in right around $300,000.

The California housing market was one of the hardest hit areas throughout the country. It is an excellent sign that the prices have stopped falling and that they are slowly starting to creep back up. This has spurred a lot of action within the condo market in this area.

Another great sign of a stabilizing housing market is the increased number of condo sales. The number of condos sold in the month of December 2009 was up nearly 10%, in comparison to December of 2008. Sales have continued to remain strong during the first six months of 2010, which is excellent news for the San Diego condo market.

It is interesting to note that just over one third of all properties being sold are distressed properties. These foreclosures are being snatched up at excellent prices. Back during the housing market crash, many people that had investment properties in the area chose to let them go into foreclosure because of the bleak outlook of the housing market at the time. Now that the market is starting to recover slowly, buyers are jumping back in and purchasing properties at a great price.

The condo market in San Diego should continue to improve as long as interest rates remain low and the median house prices continue to slowly creep upwards. This will get a lot of people to start thinking about buying again, before prices start to go up a lot. Now is an excellent time to buy, both for new home buyers as well as investment home buyers. With the city being one of the most beautiful locations in the world, there are numerous reasons why this market will continue to stay strong.

Joberth have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

Reasons to Buy a Home in California During Recession - The Perfect Time to Snag Those Dream Houses

---

Houses in California are one of the most sought after homes. They have great real estate companies that can provide the best homes for your family. Actually, California is one of the states that are known for high prices when it comes to residential homes.

San Diego lies as one of the main cities of California. It is actually a nice place for you to settle. One of the perfect places to stay within in this area is in Carlsbad County. They have great homes in this place and it is just right when you want to start out a family because it is really one of the most family-friendly places. However, it is important that you know the prices of their homes.

In 2006, most homes cost around 400,000 to a million dollars. There are various ranges of prices for different kinds of houses but the quoted above are just for single-family house. If you want to own a three-bedroom condominium or townhouses, it could range from 300,000-400,000 dollars. However, that is just it; there are other more things to consider when buying a house in this place. You need to consider the taxes incurred in the process. Carlsbad Real Estate has additional charges that you will be incurring in the process.

However, despite of it all, due to the recession you can expect that prices of homes are falling. They are more likely to decline within the next 2 years as forecasted by PMI. Therefore, if that is bound to happen, your dreams of buying your dream house in California could be a dream come true.

Another reason why you should be buying these homes at these times is that when recession started, the real estate market went down. Less people are considering to buy houses therefore, most of the homeowners, give the best deals for their homes just to sell them. Of course, it is expected that not all people will be able to afford the houses despite the fact that prices have come down. In fact, the National Realtors Association said that the steepest decline in single-family homes is in California. Thus, it made the prices of San Diego-Carlsbad-San Marcos drop about 36%. Nevertheless, the good thing for those who are eager to purchase homes will be savings and great deals.

Married couples are most likely the ones who will buy homes in this place for them to start a family. Therefore, if you are one of these couples, come to San Diego and check out Carlsbad Real Estate. You should be seeking this place if you want to have the best homes for your family. It is even considered one of the top 20 communities that are considered safe by the Farmers Insurance Group of Companies. San Diego-Carlsbad ranked number 7. With home prices likely, to come down, you should grab the opportunity and contact your real estate agent. Who knows, you might land having your dream house and on top of that gain a little few extras in buying them.

Audrianna have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me

Learn How To Buy The Best Condo In San Diego

---

San Diego is a great place to buy a condo because of its perfect weather and wonderful easy lifestyle. Anything you could ever hope for is at your fingertips. People who live in San Diego are always smiling, drinking surfing and having a good time. Who would not want to own a vacation condominium in San Diego, or even just live in a condo on the beach? Sunny San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,311,162 people.

It is the second largest city in California and the eighth largest in the United States. The larger metropolitan area is the 21st-largest in the Americas, with a population over 4.8 million. It lies just north of the Mexican border (shares border with Tijuana, Mexico), and is a home for United States Navy, United States Coast Guard and United States Marine Corps bases, many miles of beaches, and a mild Mediterranean climate. The average temperature is 72°F, with an average rainfall of 9 in (228.6 mm).

San Diego's economy centers on the military, tourism, trade, agriculture, ship-repair and construction, defense-related companies, biotechnology, computer science, electronics, real estate speculation. It is also home to some of the wealthiest enclaves in the country, including the suburbs of Cardiff by the Sea, Del Mar, Fairbanks Ranch, Rancho Santa Fe and Bonita.

Downtown San Diego is located on San Diego Bay. Balboa Park lies on a mesa to the northeast. It is surrounded by several dense urban communities and abruptly ends with Mission Valley to the north. Coronado and Point Loma separate San Diego Bay from the ocean. Ocean Beach is on the west side of Point Loma. Mission Beach and Pacific Beach lie between the ocean and Mission Bay, a man-made aquatic park. La Jolla, an affluent community, lies north of Pacific Beach. Mount Soledad in La Jolla offers views from northern San Diego County to Mexico.

Mountains rise to the east of the city, and beyond the mountains are desert areas. Cleveland National Forest is a half-hour drive from downtown San Diego. Numerous farms are found in the valleys northeast of the city. The city of San Diego itself has deep canyons separating its mesas, creating small pockets of natural parkland scattered throughout the city. San Diego County also has more endangered plant and animal species (as determined by US Environmental Protection Agency) than any other county in the United States.

Military bases in or near San Diego include U.S. Navy ports, Marine Corps bases, and Coast Guard stations. San Diego is the site of the largest naval fleet in the world, and with the reductions at the Norfolk, Virginia basing facilities and the retrenchment in the Russian naval base at Vladivostok, San Diego has the largest concentration of Naval facilities in the world. It has two of the US Navy's Nimitz class supercarriers, (the USS Nimitz and the USS Ronald Reagan), five amphibious assault ships, several Los Angeles-class "fast attack" submarines, carrier and submarine tenders.

Carol have been writing articles for nearly 2 years. Come visit his blogs more often for tips and advice that helps people with the interest for houses for sale in san diego and great passion and knowledge for san diego foreclosures and all the different options & providers available in the market today. Find out for more info also here SellYourSanDiegoHouseTo.me