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Month: February 2020

Buying your First Home in Mission Viejo

Buying your first Home in Mission Viejo will most likely be a stressful event if your like most people. How much can you afford? Where is the best neighborhood to Buy in? How much do I need for a down payment? A monthly mortgage obligation for the next 30 years … Yikes !!! But having bought and sold many homes of mine own, and helping hundreds and hundreds of home owners purchase their first home, I can attest to you that is well worth the initial stress. Mission Viejo has a wide range of housing designed for the first time home owner. There are currently 82 attached Condos and Townhomes for sale in Mission Viejo ranging in price from $ 319,900 for a 1 bedroom, 1bath on up to $ 679K for an attached Townhome with 3 bedrooms, 2.5 baths, 2 car garage, 2,200 SqFt of living area, and a nice sized back yard. If one prefers detached homes, there are 111 homes for sale in Mission Viejo ranging in price from $ 519,900 to $ 1,899,000. The lowest priced detached home is a 2 bedroom, 2.5 bath home with a two car garage, and the highest priced estate comes with 4 bedrooms, 4.5 baths, and 3,800 SqFt of living area. There are many loan programs available today in Mission Viejo that are designed for first time home buyers...

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California's Short Sale Legislation

This past summer the California Legislature approved Senate Bill 931 (SB 931) amending Code of Civil Procedure CCP ยง580e to provide for anti-deficiency protection to certain short sales. Short sale sellers have been traditionally faced with the possibility that their lender would seek a deficiency ie, the difference between the sales price set forth in the short sale and the existing loan balance. While in many sales for less than the full balance of the existing loans, the paperwork provided by the bank provides for a waiver of the deficiency, most such paper work contain a warning to the seller that the bank was retaining its option to recover the deficiency by an action in court. With the passage of SB 931, which went into effect on January 1, 2011, a borrower that comes within the language of the statute no longer needs to worry that he or she will be sued by the lender for the difference between the loan balance and the sales price received by the lender. It should be noted, however, that this anti – deficiency protection is afforded only to a loan secured by a first trust deed. Furthermore, it applies only to a single family residence which the statute defines as "a dwelling of not more than four units." There are certain limitations to this anti – deficiency consumer protection statute. The first...

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Big Supply Of Foreclosures – For Sale

When homeowners default on their monthly mortgage payments lenders have no other choice but to foreclose their properties. That is unless the homeowners find an alternative to settle their payments during the grace period provided. For several mitigating reasons, however, many homeowners are unable to meet these demands even during the grace period, which lead to them losing their properties. The number of foreclosure properties is growing, as one can see with the increasing amount of "For Sale" signs on homes every day. There is a big supply of foreclosure homes, a three year inventory to be exact, which is said to be bringing down home prices rapidly. Realty Trac, an online marketer on foreclosed properties, recently released a report saying that Las Vegas has seen numerous foreclosures. In fact nearly 53% of homes sold in the state of Nevada are in one stage of foreclosure or another. In both Arizona and California 45% of sales conducted represent foreclosure. And during the first 3 months of 2011 nearly 28% of home sales all happened to represent foreclosure. Realty Trac spokesman Rick Sharga stated that this news is devastating for the economy. Worse than all this is that homes are being sold at really cheap discounts. This is especially true of bank-owned homes and so-called REOs that are following the procedures. According to a study done by Realty Trac, the...

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Southern California Realty – Wise Choice for Investors

Southern California realty is one of the easiest choices of investors, who wish to make some quick profits from their real estate business, due to several reasons. If you are thinking about making an investment in real estate, you can easily buy California homes for sale which are available in different budgets, styles and designs. Here are a few reasons why Southern California realty is considered to be a very wise choice for investors. Strategic location – All California homes for sale are located at strategic places which make them the top priority of buyers. Laguna Niguel real estate and San Clemente real estate are one of those properties which are considered to have top buyers. The picturesque locations, excellent scenic beauty, calm and serene environment and perfect ambience makes these properties the chosen destination for tourists. In fact tourists love to rent these properties as their vacation homes during their stay in California. If you wish to make an investment in properties and increase your monthly income through rent, you should choose villas, condos, and condominiums which are located at such places. Types of properties – Suppose you choose to make an investment in Lasagna Niggle real estate, you will be amazed to see the variety of properties from which you can choose. You will find cottages, luxurious villas, one or two bedrooms homes, apartments, condos and studio...

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Follow These Energy Conservation Tips and Save Your Money!

Aside from the obvious benefit of saving money, running an energy efficient home benefits us all in the greater community. We reduce global warming and help keep our dollars in the country as supposed to sending them to often unsavory regimes overseas. Even if we implement just a few of the listed tips, the savings will be substantial and one's satisfaction even greater. Temperature Control of Your Home Heating and cooling accounts for approximately about 2/3 of your energy costs. Implementing just a few energy saving tips in this area will have a big impact on your energy bill. 1. Install ceiling fans. They effectively supplement or may even serve as an alternative to air conditioning. They generally use very little electricity. To make them more effective, adjust your fan so that it is blowing air downwards. 2. Install a programmable thermostat. Set it to lower the heat by a few degrees at night and when you are away. Raise the temperature of the AC when you have left for the day. You can save even more money if during your absence you switch off your AC altogether. Make sure that you turn the AC back on well ahead before your return. It may take a while to return the temperature in your home to a comfortable level. Your investment in a good thermostat – around $ 50 –...

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