click on the title of this post above for a full color flier of this great property…


Jeffrey Simons | Prudential California Realty | 714.746.8103
17552 Vandenberg lane #14, Tustin, CA
Amazing Quail Meadow 1 bedroom offering a ton of improvements, a great inside tract location and fantastic amenities…
1BR/1BA Condo
$1,150/month
Bedrooms 1
Bathrooms 1 full, 0 partial
Sq Footage 850
Parking 1 dedicated
Pet Policy Small dogs (< 25lbs)
Deposit $1,150

DESCRIPTION

This is an extraordinary 1 bedroom 1 bathroom condo nestled in the heart of Tustin, in the highly sought after community of “Quail Meadows”. This great plan offers a second floor setting with a fantastic inside tract location which offers a spacious family room, a separate dining area, an incredible kitchen and a quaint patio. There have been numerous upgrades throughout some of which include beautiful pergo style floors, custom paint, a fantastic kitchen with glass accented cabinets, modern appliances, custom ceiling fans, updated baseboards throughout and much more. This home is an absolute must see! In addition to a free-flowing floor-plan the grounds are stunning and offer a spectacular pool and spa area, tennis and tons of beautiful landscape.
see additional photos below
RENTAL FEATURES

Air conditioning Central heat Fireplace
High/Vaulted ceiling Hardwood floor Family room
Dining room Dishwasher Stove/Oven
Balcony, Deck, or Patio Cable-ready


COMMUNITY FEATURES

Garage parking Laundry on-site Swimming pool(s)
Tennis court(s)



LEASE TERMS

1 Year Lease with the option to renew.
ADDITIONAL PHOTOS


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Contact info:
Jeffrey Simons
Prudential California Realty
714.746.8103

powered by postlets Equal Opportunity Housing
Posted: Jun 15, 2009, 12:33pm PDT

Realegal®

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.

You may or may not know… there are changes in the Real Estate Market every day!  Check out this great article which is designed to continue to keep the California Real Estate market moving!!!

I am very pleased to announce that this Thursday, April 2, C.A.R. will launch a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.

Through the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP), first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a reduced monthly benefit of $750 per month for up to six months in the event of a job loss. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.’s Housing Affordability Fund is dedicating $1 million to the program this year, and estimates that as many as 3,000 families will benefit from the program throughout 2009.

To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)

First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®. For applications and other information on this exciting new program, go to www.car.org/aboutus/hafmainpage/ or contact Monica Rodriguez at (213) 739-8380 or monicar@car.org.

The Mortgage Protection Program is a proactive approach by C.A.R. to address consumers’ concerns about the real estate market and their ability to make their mortgage payments should they loose their jobs. I encourage you to take full advantage of this new program by sharing information about the C.A.R.H.A.F. Mortgage Protection Program with your clients. There is no cost to participate.

Sincerely,

James Liptak
2009 C.A.R. President

WOW!!!  Please let me know if you have any questions, need any additional information or clarification.  I’m always here to help you!

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Often times I’m asked “If this is a buyer’s market, why is it so hard to find a home, or why are there so many offers”?

My answer: This market is constantly changing and there is continued change in our economy, the stock market, interest rates, the legislation, the short sale and foreclosure markets and much more.  I personally receive upwards of 3-5 emails a day from different lenders and brokers with conflicting information and misnomers.  There is no doubt that there are changes in every facet of this industry yet there is still a ton of activity in today’s real estate market!

Now… I’m not going to tell you that, I have all the right answers.  I would like to suggest that if you have a question, a problem or an issue that you need help with, let me know.  My diligent team of professionals are here to help me, help you.

My coach “Joe Stumpf” has said that confusion is a convenient place to go when you don’t want to change.  If you don’t want to change… that’s ok!  However, if you are tired of sitting on the fence and you are ready to find out if this market is right for you… give me a call or send me an email right now, and let’s see if we can craft a specific, strategic process to help you get from where you are now, to where you want to be!

Thank you for taking to time to follow this feed, take care and I will look forward to speaking with you soon.

Your Friend In The Real Estate Business…

Final score: $8,000 for homebuyers

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By Jeffrey Simons | Filed in Uncategorized | No comments yet.

First-time purchasers get a tax credit windfall if they buy before December.

NEW YORK (CNNMoney.com) — There’s a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama’s signature on Tuesday. First-time buyers can claim a credit worth $8,000 - or 10% of the home’s value, whichever is less - on their 2008 or 2009 taxes.

A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of witholding they paid during the year plus anything extra they had to pony up when they filed their returns - was less than that amount. But there has been a lot of confusion over this provision. Adam Billings of Knoxville, Tenn. wrote to CNNMoney.com asking:

I will qualify as a first-time home buyer, and I am currently set to get a small tax refund for 2008. Does that mean if I purchased now that I would get an extra $8,000 added on top of my current refund?”

The short answer? Yes, Billings would get back the $8,000 plus what he’d overpaid. The long answer? It depends. Here are three scenarios:

Scenario 1: Your final tax liability is normally $6,000. You’ve had taxes withheld from every paycheck and at the end of the year you’ve paid Uncle Sam $6,000. Since you’ve already paid him all you owe, you get the entire $8,000 tax credit as a refund check.

Scenario 2: Your final tax liability is $6,000, but you’ve overpaid by $1,000 through your payroll witholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000, the $8,000 credit plus the $1,000 you overpaid.

Scenario 3: Your final tax liability is $6,000, but you’ve underpaid through your payroll witholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.

To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as “first time” buyer. They must also live in the house for at least three years, or they will be obligated to pay back the credit.

Additionally, there are income restrictions: To qualify, buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)

Applying for the credit will be easy - or at least as easy as doing your income taxes. Just claim it on your return. No other forms or papers have to be filed. Taxpayers who have already completed their returns can file amended returns for 2008 to claim the credit.

Lukewarm reception

The housing industry is somewhat pleased with the result because the stimulus plan improves on the current $7,500 tax credit, which was passed in July and was more of a low-interest loan than an actual credit. But the industry was also disappointed that Congress did not go even further and adopt the Senate’s proposal of a $15,000 non-refundable credit for all homebuyers.

“[The Senate version] would have done a lot more to turn around the housing market,” said Bernard Markstein, an economist and director of forecasting for the National Association of Homebuilders (NAHB). “We have a lot of reports of people who would be coming off the fence because of it.”

Even so, the $8,000 credit will bring an additional 300,000 new homebuyers into the market, according to estimates by Lawrence Yun, chief economist for the National Association of Realtors.

The credit could also create a domino effect, he said, because each first-time homebuyer sale will lead to two more trade-up transactions down the line. “I think there are many homeowners who would be trading-up but they have had no buyers for their own homes,” Yun said.

Who won’t benefit, according to Mark Goldman, a real estate lecturer at San Diego State University, are those first-time homebuyers struggling to come up with down payments. The credit does not help get them over that hurdle - they still have to close the sale before claiming the bonus.

One state, Missouri, is trying to get around that problem by creating a short-term loan on the tax credit of up to $6,750. The state would loan borrowers the money so they could use it at closing as part of the downpayment. Then, when the buyers receive their tax credit from the IRS, they pay back the state. Other states may follow with similar programs, according to NAHB’s Dietz.

Many may look at the tax credit as a discount on the home price, according to Yun. A $100,000 purchase effectively becomes a $92,000 one. That can reassure buyers apprehensive about purchasing and then watching prices continue falling, he added.

And it provides a nice nest egg for the often-difficult early years of homeownership, when unexpected repairs and expenses often crop up. Recipients could also use the money to buy new stuff for their home - a lawnmower, a rug, a sofa - and, in that way, help stimulate the economy.

CORRECTED: An earlier version of this story incorrectly stated how much taxpayers who were owed a refund would receive under the credit. To top of page

5548 E. Vista Del Amigo - Anaheim Hills

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By Jeffrey Simons | Filed in Uncategorized | No comments yet.

  Click here to visit the website for more information.

Who do you believe? Can I share my thoughts?

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By Jeffrey Simons | Filed in Uncategorized | No comments yet.

There are a lot of uncertainties in today’s market and the media continues to drive home these different challenges every day.  If you have actively been looking for a home, I would like to suggest that you simply stay active in your search.  Now really is the time to be excited about this market…  This is, and will continue to be a buyer’s market.  The continued effects of the short sales and foreclosures, coupled with the low interest rates, and the inability to purchase by so many “other” people in the market place, make this market very opportunistic for those few that can and choose to move forward.  The only other true option is to buy when the market turns upward, where you are then competing with other buyers, and more likely at higher interest rates.

Imagine looking back 7, 12 or even 15 years from now… living in your home, feeling that sense of security, and comfort, having that safe place to return every day.  Now imagine how good you will feel knowing that you made a good decision to purchase when so many others couldn’t take advantage of what you could!  All of the challenges in the media that are present today won’t even be a factor 10, 12, or even 15 years from now

Your home is where you find comfort, your sense of security and safety!  It allows you tax benefits, stability, freedom, and even a sense of pride of ownership.  If you are looking to stay in your home for more than 7 years, I believe it still a good idea to remain active. I’d love to hear your thoughts!

O.C. Homebuyer Class - April 16th - Anaheim Hills

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By Jeffrey Simons | Filed in Uncategorized | No comments yet.

Hello again;

I’m constantly asking myself What do I need to do to let people know about the good news in today’s real estate market?” I have decided to implement a home buyers class here in North Orange County to give today’s buyers a better perspective on what is currently taking place in our market, provide you with the current facts and trends, and give you a better understanding of what it’s really going to take to qualify for that perfect home loan.  Click on the video below for more information…

www.ochomebuyerclass.com

Class size is limited and registration is a must!  I will look forward to seeing you soon.  Until then, take care.

New Lease Listing in Anaheim Hills…

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By Jeffrey Simons | Filed in Uncategorized | No comments yet.

Thank you for checking in… please check out this great new lease listing in Rancho Yorba.  It’s listed for lease at $2250.00/month on a 1 year lease with a $2250.00 security deposit and a $100.00 pet deposit.

Click on the photo above for more information and additional photos.

I’m often asked “How is the Market”? Most of the time, it’s just out of simple curiosity; however I have found that this is the best answer I can give you… enjoy!

Click Here for your Free Market Analysis