California

Lynbrook High Homes Update 11.21.09

Hello & an Early Happy Thanksgiving! This is Michelle Carr Crowe with your Lynbrook High Homes Update for 11.21.09.

The West San Jose with Lynbrook High Homes area continues to sell at a steady pace. Overall inventory remains low, which is expected for this time of year. Currently there are only 7 single family homes for sale, and 12 pending. Condos and townhomes remain steady with 6 for sale and 4 pending. There is 1 multi-family fourplex for sale.

Right now, I and my team have *5* different pre-approved buyers who want to buy in the in the next 30 days but the homes they want and need aren't on the market right now. Who do you know who's thinking of selling that could use my help? I have 2 families looking for large 3 bedroom townhomes in Regency Park, who would love to close and move in by Christmas.

New Tele-Seminar for MOVE UP/MOVE DOWN BUYERS re: the new Tax Credit

In the next 10 days I'll be announcing a tele-seminar specifically designed to inform and educate people considering moving up or moving down and eligibility for the new $6500 tax credit for current homeowners looking to make a move. All properties must close by the end of April.

SELLERS: Click HERE to Find Out Home Values BEFORE You Sell

BUYERS: *2* Not Yet on MLS 3 Br TownHome Opportunities in Monta Vista! All 3 are at least 3 Br and 2 Bath! All are in low-traffic locations, and feature 2-car garages, too. Please call 408.252.8900 to request a showing time. We must have your most current pre-approval letter on file prior to showing- you can email it to info@michellejudycarr.com or fax it to 408.378.9056.

VIP INVESTOR BUYERS ONLY: Call me regarding a potential teardown/remodel opportunity on a standard size (~6000sf) lot. Seller only wants to sell As-Is with no contingencies (getting reports is OK), preferably to cash buyer, reasonably priced.

BUYERS: Click HERE to Find Out Home Prices BEFORE You Buy

Get RE$ult$ Team THANK YOU Party!

Sat., Nov. 21^st from 9 am till Noon

Altas Realty Conference Center, 1190 S. Bascom, Suite #224 (Upstairs), San Jose 95128

Get RE$ult$ Team Open House

Open Sat. & Sun., Nov. 21 & 22, 1:30-4:30! Bright & Light! Willow Glen Delight! 2180 Cheryl, San Jose 95125

NEWLY REDUCED $$!

Try FHA Loan - $21,525 Down Possible!*

For Sale Single Family Homes: 7

For Sale Condos/TownHomes: 6

For Sale Multi-Family: 1

Pending Single Family Homes: 12

Pending Condos/TownHomes: 4

$OLD Single Family Homes: 6

$OLD Condos/TownHomes: 1

To receive a FREE subscription to the full Lynbrook High Homes Update, including information on homes not yet on the open market, send an email request to subscribe to lynbrookhomes1@hotmail.com or info@michellejudycarr.com.

To see any of these homes, Just Call 408.252.8900.

Curious about home values and sales in your area? Wondering how prices are in the area you'd like to move to? Simply click on the link below, fill in your current address and submit it to obtain a free, detailed market snapshot of what's happening right now in your area. To find out about values...

Click Here to Find out Home Values in Your Area!

SNEAK PEEKS! 1 Lynbrook 3 Br! 1 Monta Vista 3 Br! Showings Daily! RSVP to 408.252.8900!

2180 Cheryl, Willow Glen NEWLY REDUCED! $612K! Open Sat. & Sun., Nov. 21 & 22, 1:30-4:30! FREE GIFTS!

4090 Yellowstone, West San Jose $OLD! Multiple Offers! Asking $599K ... $OLD! Multiple Offers $651K!

Thank you for your time in reading this. Aloha & God bless you!

I've been working from home for the past 2 years and feel like I've really stagnated. I thought it was going to be so ideal to be home and take care of my family while I'm at it. But it turns out, it's so distracting and loney. the funny thing too is that it seems when family and friends know you work from home, they seem to think it's ok to talk on the phone for a long time without any regard for the time they are taking away from my money making hours.

I also have an excuse to watch my favorite noon time show "Wowowee" since I like to cook at lunch time for dinner. That way, I'm all done at noon and that's when I decide to hit the shower. Isn't that disgusting? That's why any appointments I make are usually in the afternoon or evening.

Then 3pm rolls around and of course the kids start rolling in and turn on the TV full blast. It's so distracting. I finally had a door put in to my Living room/Home office. That was expensive since I had to have one of those decorator ones that's made of glass and some design, really nice.

Anyway, after all these years at home, I decided I needed a change so I took the plunge. I interviewed with several different companies and I think I found a winner! I am happy that I met and befriended DebbieZetner of Diversified Mortgage Group at the local realtor meeting. She was doing a fund raiser for "Save Pleasanton schools" and I offered to help. I gave her my card but didn't hear from her for at least 2 months. When she called me to join them, I had no idea. When I met with the owner, Rick Lewis, I could tell this guy is a motivator. He goes through business plans, goal planning and all kinds of stuff with all his LO's. They have kick off meetings and have a very nice office to boot. He seems to have a very well run office. I know like 5 agents there already. I wish I knew about this company way back.

I have a feeling they are going to really help me build up my potential to even more than I thought I even had. I think it makes a huge difference where you work and who you work for. What do you think?

Yes I am going to answer some questions that most Temecula Short Sale clients ask me.

Many of you are worried about the money trail. Don't keep worrying! A Short Sale Can be
the start of your recovery from getting out from under a huge mortgage.

You don't have to worry what it's going to cost.
There is no fee from me to handle your Short Sale. Yes its FREE!!
When I get your approval, I get paid by your lender.

Will your lender go after you for the shortage?
Not if your loan is the original 1st loan on the house.

What if I have a 2nd loan on the house?
You're not protected by law like you are on the 1st loan. I will get the 2nd lender to release their lien
on your home to allow the Short Sale to be completed. They will work with you on the balance owed.

How long does it take to complete a Short Sale? Each lender is different, but on an average I am getting
them completed in 90 days once I have an offer accepted on your home.

Please call or email me with your questions for straight answers on your housing issues. I will help!!
My direct cell # is 951.217-6745 and I am available to you after hours if needed till 9:00PM

Save these dates! Let your friends, neighbors, coworkers and family know that if they have questions about their home and the process of foreclosure, loan modifications, short sales, and deed in lieu of foreclosure that they need to be at this seminar. This free 90 minute presentation is a great first step to understanding where to go for help. Presented by HELP "Homeowner Education Learning Program" a non-profit agency, this seminar will educate troubled homeowners about the options available to them. Knowledge is power.

HELP USA Also provides professionals within real estate and related fields an excellent 2 day class that will certify them as "HELP Certified Professionals" I recommend going to the homeowners free seminar first. There you will get fired up to become an educated, top notch professional. Please click on my link to HELP on the right side of this page.

FREE HOMEOWNER SEMINAR SCHEDULE

December 7th, 2009
6:30pm-9:30pm
Moreno Valley Senior Center
25075 Fir Avenue
Moreno Valley, CA

December 9th, 2009
5:30pm-8:30pm
Temecula Public Library
30600 Pauba Road
Temecula, CA 92592

90 Minute Seminar Agenda

Topic: Can, or Should I keep My Home?
Introduction:

-Panel Members, present and not. Web Site resources and introduction to blog.
-What happened? In brief, how did we get here?
-Prediction of the market in general.
-Time frames for foreclosure process / Why the banks don't foreclose? / Should I stay if I'm not making my payments?
-Try To Modify, If To No Avail, Short Sale! Never Walk Away.
-Credit damage and when will I be able to buy again? Take action early!
-Modify? Short Sale? Foreclose? Understanding why each situation is unique. One size does not fit all.
-Why is it better to cooperate with a Short Sale than to just let the bank foreclose?

Statistical Data:

-Power Point presentation providing current data to help clarify what is happening in the region by the numbers.

Modifications:

-What's legal and what's not.
-Who's legally set up with The Department of Real Estate.
-What you must know to avoid being a victim.
-Why are we hearing stories of great success when I've been waiting for months?
-What is the Banks motivation?

Taxes:

-What is Prop-8?
-I paid 300k but I'm paying taxes based on 450k, why?
-What if I can't pay my property taxes?
-What are the potential tax consequences under a short sale, foreclosure, forbearance, modification, etc.
-What is the difference between what the Franchise Tax Board is doing and the IRS?
-What exactly is debt relief? Does the lender have to give me a 1099 for said relief?
-Can I file bankruptcy against these future taxes?

Q&A:

*Please note-All information is deemed reliable and was researched prior to this presentation. The presenters are expressing their opinions only and are not offering any legal advice. The County of Riverside is not endorsing any company or individual. All attendees are encouraged to seek individual advice structured around their own unique circumstances.

Of course there was one more thing that underwriters find that I can't seem to find no matter how hard I try. I could've believe it that my client who is a truck delivery driver at Lowe's claims almost $3600 in unreimbursed employee expenses. It was listed on his Schedule A but did not have the actual 2106 form that should've been together with the Federal tax returns. What a shame because now my clients did not qualify as is since I already had their back end debt to income ratio at 52%. So now, I had to deduct $300 a month from his income. What a problem!! So what happened was he has to refinance his car loan into a lower payment plus pay off a credit card of $3200. I was so ashamed to tell them that I missed that despite the fact that I even pulled their tax transcripts!! Anyway, I just thought I would share in case someone else misses that big one too!