Check out this great lease in Tustin - Quail Meadows…
By Jeffrey Simons | Filed in Uncategorized | No comments yet.click on the title of this post above for a full color flier of this great property…
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click on the title of this post above for a full color flier of this great property…
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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:
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!
Tags: bank owned homes, first time home buyers, Foreclosures, Orange County Real Estate, short sales, tax credits
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…
Click here to visit the website for more information.
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!
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…
Class size is limited and registration is a must! I will look forward to seeing you soon. Until then, take care.
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!