Ramona Real Estate, Entertainment, News, Demographics and More.
Showing posts with label bank owned. Show all posts
Showing posts with label bank owned. Show all posts
Tuesday, October 16, 2012
Sunday, August 12, 2012
Short Sale Relief ends December 31, 2012...unless extended
***Act Now***Mortgage Cancellation Relief Act Expires Dec. 31, 2012***
Find out if you qualify for a short sale, Call the Short Sale Specialist Regina Flores, REMax Direct #760.788.0721
SHORT SALES MADE EASY:
- FREE- NO Costs to seller
- Limit your credit damage
- Walk away with no debt to you as of this writing
- We negotiate with your bank for you
- $3,000 HAFA Program for seller
UPDATE: With the Presidential Election behind us what does this mean for the Housing Market. Click here for CNBC article.
__________________________________________________________________________________________________________________________
( from 8.12.2012) Extension of mortgage cancellation relief moves to Senate
Late last week, the Senate Finance Committee crafted and sent to the full Senate a package that would extend the mortgage relief provision for an additional year, through Dec. 31, 2013.
The Senate was unable to act on the bill before adjourning for its August break and the party conventions. The Senate reconvenes Sept. 10. Chairman Baucus (D-MT) had hoped to finish this package before the election in order to provide certainty about the extension (or not) of more than 50 provisions. Nonetheless, it is not known if the package also would be considered in the House before the election.
In addition to the mortgage cancellation relief provision, the package also includes a relief provision to limit the impact of the Alternative Minimum Tax (AMT) in 2012 and 2013. The 15-year cost recovery for leasehold improvements is renewed (it had expired Dec. 31, 2011) and extended through Dec. 31, 2013. The provision that permits the costs associated with brownfields environmental cleanup was NOT included in this extender legislation.
info provided by CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Sunday, July 8, 2012
Avoid Foreclosure in Ramona
If you are thinking about Short Selling your home, be sure your REALTOR is SFR Certified.
CLICK HERE FOR OPTIONS TO FORECLOSURE
or Call Regina Flores, SFR, REALTOR
#760.788.0721
Thursday, April 19, 2012
Free Home Evaluation
Sunday, February 5, 2012
JANUARY 2012 SALES ARE IN FOR RAMONA
SOLD IN RAMONA JANUARY 2012
MLS # Address Status List Price Sold Price
110058351 440 Main St Sold $$129,900 $120,000
110038923 1309 E St Sold $$159,000 $169,000
110058669 709 Hanson Ln Sold $$226,600 $226,000
110047058 2101 Lilac Rd Sold $$239,000 $235,000
110055395 16214 Spangler Peak Rd Sol d $$249,800 $250,000
110062196 543 Tag Ln Sold $$249,900 $250,000
110059623 23910 Berryessa Ct Sold $$252,144 $245,000
110053936 17224 St Helena Dr Sold $$274,900 $250,000
110064604 26209 Bellemore Dr Sold $$279,900 $285,000
110061265 1072 Via Alegre St Sold $$303,000 $308,000
110043142 15610 Mussey Grade Rd Sold $$319,900 $290,000
110048927 17250 Felipe Rd Sold $$319,900 $329,999
110063553 24036 Gymkhana Rd Sold $$324,900 $314,900
110058713 26017 Matlin Rd Sold $$324,900 $324,000
110059263 725 Alice St Sold $$327,600 $316,900
110061564 23531 Oriente Wy Sold $$329,000 $334,000
110050119 488 Creelman Ln Sold $$349,900 $360,500
110047225 1905 San Vicente Rd Sold $$350,000 $350,000
110063027 25485 rancho barona Rd Sold $$389,000 $350,000
110042023 2451 Dye Rd Sold $$494,500 $488,000
110039648 568 Rancho Trails Rd Sold $$639,000 $565,000
110041934 19502 Vista Del Otero Rd Sold $$694,000 $650,000
110063783 17322 Rancho Suenos Rd Sold $$750,000 $737,000
Prepared by: Regina Flores, ABR, SFR Information is not guaranteed. Thursday, February 2, 2012 DRE Lic.#: CA 01297838 Copyright 2001 - 2012 SANDICOR, Inc. these are homes recorded in MLS only.
Single family dwellings closed in Ramona, CA from 1.1.2012 to 2.1.2012
Monday, October 25, 2010
Foreclosure Timeline
If you are shopping for a home that is a Foreclosure, REO or bank owned home it is helpful to know the Timeline of Foreclosure.
Call today for your free list of Foreclosures and Homes for sale in Ramona or any area of San Diego.
CLICK HERE TO SHOP HOMES 24/7
Regina Flores, REMax Direct
760-788-0721graph from realtytrac.com
Friday, September 4, 2009
Free MLS Listings Ramona North County:REO,bank owned REGINA FLORES #(760)788-0721
CLICK on REGINA FLORES REAL ESTATE RESOURCE CENTER FOR CURRENT, up to the minute, MLS Listings, REO, BANK OWNED,Distressed Sales, Short Sales, we have all the homes for sale! lOTS OF GOOD BUYS, DON'T MISS OUT CALL TODAY (760)788-0721.
Sunday, August 23, 2009
Thursday, August 6, 2009
Has housing hit bottom at last?
With all the Foreclosures,REO's, Bank owned, and short sales still in Ramona, are we near the bottom? Read on.
Monday, June 1, 2009
New Federal Law Affecting Distressed Properties
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
NEW FEDERAL LAW AFFECTING DISTRESSED PROPERTIES
This week, President Barack Obama signed into law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure. Previously included in this bill was a measure to allow bankruptcy judges to modify mortgage loans for principal residences, but the U.S. Senate did not pass this "cram-down" legislation.
The Helping Families Save Their Homes Act of 2009 contains various new laws to address the national foreclosure crisis. Major provisions that may affect California REALTORS® and your clients include the following:
HOPE FOR HOMEOWNERS (H4H) REVAMPED: The new law loosens the H4H program requirements to help homeowners refinance out of their troubled mortgages and into more affordable, fixed-rate FHA-insured loans. Originally launched in October 2008, the H4H program intended to help 400,000 distressed homeowners, but in the program's first seven months, it only helped one family stay in its home. The maximum loan-to-value ratio for an FHA refinance is 96.5% of the appraised value. If refinance proceeds are insufficient to pay off existing liens, the existing lienholders must voluntarily agree to a short payoff, but a new inducement is an opportunity for them to share in the homeowner's equity. Other changes to the H4H program include monetary incentives for both the participating servicers of the existing loans and originators of the FHA refinance. Millionaire borrowers (with net worth over $1 million) are now excluded from the program. HUD will establish the requirements and standards to implement the H4H program as revised.
LONGER STAY FOR TENANTS OF FORECLOSED HOMES: Effective immediately, an REO lender or buyer who acquires title through a foreclosure sale must give at least a 90-day notice to terminate a bona fide tenant as defined. A 90-day notice to terminate is sufficient for a month-to-month tenant or if a new owner will occupy the property as a primary residence at the end of the 90 days. Otherwise, a tenant with a one year or other fixed-term lease with a remaining lease term exceeding 90 days can stay in the premises until the remaining lease term ends. This new 90-day notice requirement applies to foreclosures of a federally-related mortgage loan or residential real property, except for properties under rent control, rent-subsidized programs (such as Section 8), or other state laws that provide additional protections for tenants. This law expires on December 31, 2012.
NOTIFICATION OF TRANSFER OF MORTGAGE LOANS: The Truth in Lending Act now requires a lender to whom a mortgage loan is sold or otherwise transferred to notify the borrower in writing of such transfer within 30 days. The notice must include the new lender's identity, address, telephone number, authorized representative's contact information, and other relevant information. This measure should help alleviate the problem borrowers often face in determining who owns their mortgage loans.
Other provisions of the Helping Families Save Their Homes Act include a 4-year extension of the $250,000 FDIC deposit insurance to December 31, 2013, protection for loan servicers who establish qualified loss mitigation plans from liability for an alleged breach of duty to maximize mortgage values for their investors, $130 million for foreclosure prevention counseling and education, and $2.2 billion to strengthen homeless programs.
President Obama has also signed into law the Fraud Enforcement and Recovery Act (FERA) which authorizes the Department of Justice to prosecute mortgage fraud crimes against private mortgage brokers and companies that previously were not regulated by the federal government. FERA also earmarks almost $500 million for federal enforcement agencies to investigate and prosecute mortgage fraud and other fraud crimes.
NEW FEDERAL LAW AFFECTING DISTRESSED PROPERTIES
This week, President Barack Obama signed into law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure. Previously included in this bill was a measure to allow bankruptcy judges to modify mortgage loans for principal residences, but the U.S. Senate did not pass this "cram-down" legislation.
The Helping Families Save Their Homes Act of 2009 contains various new laws to address the national foreclosure crisis. Major provisions that may affect California REALTORS® and your clients include the following:
HOPE FOR HOMEOWNERS (H4H) REVAMPED: The new law loosens the H4H program requirements to help homeowners refinance out of their troubled mortgages and into more affordable, fixed-rate FHA-insured loans. Originally launched in October 2008, the H4H program intended to help 400,000 distressed homeowners, but in the program's first seven months, it only helped one family stay in its home. The maximum loan-to-value ratio for an FHA refinance is 96.5% of the appraised value. If refinance proceeds are insufficient to pay off existing liens, the existing lienholders must voluntarily agree to a short payoff, but a new inducement is an opportunity for them to share in the homeowner's equity. Other changes to the H4H program include monetary incentives for both the participating servicers of the existing loans and originators of the FHA refinance. Millionaire borrowers (with net worth over $1 million) are now excluded from the program. HUD will establish the requirements and standards to implement the H4H program as revised.
LONGER STAY FOR TENANTS OF FORECLOSED HOMES: Effective immediately, an REO lender or buyer who acquires title through a foreclosure sale must give at least a 90-day notice to terminate a bona fide tenant as defined. A 90-day notice to terminate is sufficient for a month-to-month tenant or if a new owner will occupy the property as a primary residence at the end of the 90 days. Otherwise, a tenant with a one year or other fixed-term lease with a remaining lease term exceeding 90 days can stay in the premises until the remaining lease term ends. This new 90-day notice requirement applies to foreclosures of a federally-related mortgage loan or residential real property, except for properties under rent control, rent-subsidized programs (such as Section 8), or other state laws that provide additional protections for tenants. This law expires on December 31, 2012.
NOTIFICATION OF TRANSFER OF MORTGAGE LOANS: The Truth in Lending Act now requires a lender to whom a mortgage loan is sold or otherwise transferred to notify the borrower in writing of such transfer within 30 days. The notice must include the new lender's identity, address, telephone number, authorized representative's contact information, and other relevant information. This measure should help alleviate the problem borrowers often face in determining who owns their mortgage loans.
Other provisions of the Helping Families Save Their Homes Act include a 4-year extension of the $250,000 FDIC deposit insurance to December 31, 2013, protection for loan servicers who establish qualified loss mitigation plans from liability for an alleged breach of duty to maximize mortgage values for their investors, $130 million for foreclosure prevention counseling and education, and $2.2 billion to strengthen homeless programs.
President Obama has also signed into law the Fraud Enforcement and Recovery Act (FERA) which authorizes the Department of Justice to prosecute mortgage fraud crimes against private mortgage brokers and companies that previously were not regulated by the federal government. FERA also earmarks almost $500 million for federal enforcement agencies to investigate and prosecute mortgage fraud and other fraud crimes.
Saturday, May 30, 2009
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