| title | comments | date |
|---|---|---|
| Sold Listing at 13595 Portofino | 0 | Jan 28, 2010 |
| Sold Listing at 1228 Evergreen Drive | 0 | Oct 14, 2009 |
| Deal of The Week :Olde Del Mar | 0 | Oct 01, 2009 |
| Foreclosure in Del Mar - Walk To Torrey Pines State Beach | 0 | Sep 01, 2009 |
| Foreclosure Alternative Program (FAP) | 0 | May 27, 2009 |
| San Diego Real Estate Trends this Week | 0 | May 21, 2009 |
| Professional uses career experience to improve peace of mind in Pacific Highlands Ranch, Carmel Valley | 0 | Mar 19, 2009 |
| Learn about the $8,000 tax credit for First Time Home Buyers | 0 | Mar 03, 2009 |
| Butler's Ski with Olympic Gold Medalist Jonny Mosley | 0 | Jan 30, 2009 |
| Foreclosure, Short Sales vs. your Credit Score | 0 | Jan 21, 2009 |
Jan
28
Posted by under For Buyers, Listings, San Diego
I’ve just sold a Resale - single family property at 13595 Portofino in Del Mar. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Oct
14
Posted by under For Buyers, Listings, San Diego
I’ve just sold a Resale - condo-townhouse property at 1228 Evergreen Drive in Cardiff by the Sea. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Oct
1
Posted by under For Buyers, For Realty Professionals, Regional News, Del Mar
This REO property has amzing views, serene surroundings and is in the heart of Del Mar.
13,000 esf lot size
Listing Price is $1,1000,000
Email: DelMarPaul2@gmail.com
Sep
1
4 Bedroom 3 Bath
Walking Distance to Beach
Priced Less than $700,000
Email DelMarPaul2@Gmail.com
May
27
On May 14th 2009 the Government announced a new program designed to help homeowners avoid foreclosure. The Foreclosure alternatives program was created to help make the short sale process a more uniform and viable option for borrowers who can not sell their home today for as much as they owe on their mortgage.
Under the program, Lenders must give homeowners that meet minimum eligibility requirements for a short sale at least 90 days to market and sell their home with a licensed real estate professional. In some tougher markets sellers may have up to one year to sell the property before a foreclosure may take place.
As you have heard, the short sale process can be virtually non responsive, sometimes taking over 3 months to have a purchase agreement accepted by the lender. With the FAP’s standardized documents that include a Short Sale Agreement and Offer Acceptance Letter the short sale process might be made less complex and more importantly a more streamlined process and effective option for struggling homeowners.
May
21
For the week ended May 15th, the number of applications to Refinance home loans were up 4.5% in California according to the Mortgage Bankers Association weekly survey. I talk to homeowners every day who can pay their mortgages no problem but out of curiosity contact their lenders to see if they are able to refinance in hopes of locking in an incredible rate and improving their equity position as we approach the new decade. Unfortunately, many others will refinance and still struggle to stay up to date with payments. As we see increasing rates of Refi’s, Short Sales and eventually Foreclosures we are seeing an extremely active buying market.
Newly originated home loans were down 4.4% this week yet in San Diego we are seeing 2,500 homes selling each month! This number is the most we have seen in quite some time. What does it mean that sales are up and loan applications are down?
Buyers are paying cash for property below $300,000 in San Diego which obviously doesnt require a loan, and some are using creative methods such as Seller Financing and Options. These are great because they can really provide incentives for the buyer and the seller. Gotta love the Win-Win! In a tough market its important to expand your network and your options so that you can get involved in deals that will be rewarding in the future. Are You Thinking Outside the Box?
Mar
19
Mar
3
You have heard about the tax credit for first time buyers, but do you know how it works? Ill expand on some of the details so you can help a friend or family member thinking about owning a home to recognize this opportunity. Lets make being a profitable home owner a reality by capitalizing on the current economic landscape.
Qualifications
Time Frame
Obligations
Receive your Credit (Refund)
Here are the Easy steps you need to be aware of in order to become a homeowner.
We are not tax or legal professional. This information is deemed reliable but not guaranteed.
Call 858.232.3813 or visit Www.SoldTheButlerDidIt.Com for a free Consultation.
In 2008 first time home buyers represented 42% of overall buyers. With the $8,000 dollar tax credit being offered we could see this number increase, possibly towards %50 of overall buyers.
Jan
30
On snowy new years day at Squaw Valley USA Paul and Paul II found themselves riding in the same gondola as 1998 olympic gold medalist Jonny Mosley. After we found out about his strange morning which resulted in a bruised eye and a swollen shin, he still had the enthusiasm to invite us to ski around the mountain with him, If we could keep up! We started off on the mountain run and headed towards squaw creek where we found a few inches of powder and some nice moguls. Watching the master tackle these obstacles was so beneficial to our skiing style and technique! Even though it was snowing, the warm temperature combined with our physically demanding ski session found us soaking wet and in need of warmth. As we headed down to the lodge, we found a jump that Jonny attacked with a stylish 360. What a Day!
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Jan
21
Foreclosures and short sales have become common topics in our daily conversations. Yesterday President Obama made reference in his inauguration to the millions of unfortunate Americans effected by loan defaults and foreclosed homes.
What we don’t hear about is how either a short sale or foreclosure will effect your credit score. The truth is that they are both devastating, lowering ones FICO score 200-300 points. The only difference is that a foreclosure will stay on your credit report for up to 10 years. If you or someone you know needs to weigh the consequences of entering a short sale transaction or a foreclosure, here are a couple things to consider..
Recently Fannie and Freddie have changed thier guidelines to waiting periods for buying:
If a homeowner undergoes a foreclosure, they must wait 5-7 years to purchase another home. Becasue this is a court ordered termination of the mortgagors right, a Judicial foreclosure has an increased effect on credit scores and waiting periods for buying.
Under a Deed in Lieu of Foreclosure, the mortgagor who conveys all interest to the mortgagee must wait 2-7 years to buy again depending on circumstances. A Deed in Lieu benefits a borrower in the following ways. It immediately releases him/her from most or all personal indebtness associated with the defaulted loan. Also the borrower will take less of a hit on thier credit score than a typical foreclosure.
You enter a short sale in hopes of minimizing your debt and have partial control of the monetary deficiency, meaning you may be able to walk away without a huge amount of debt. Short sales are typically shorter than foreclosures and do not stay on your credit record nearly as long. The waiting period for buying is 2 years. If the homeowner in the short sale does not have a 60-day late pay while the home is on the market as a short sale, they may buy an affordable home immediately..
“The presence of a foreclosure on your credit report probably will make it extremely difficult to obtain new credit at the best rates. A foreclosure remains on your credit report seven to ten years, so it will have a long term effect on your creditworthiness.” - Credit Bureau
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