“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Anaheim Hills, CA

FREE Short Sale Services – Anaheim Hills Short Sale Specialist

02-08-10
Ann Urias
Ann Urias: Real Estate Agent in Orange, CA

RE/MAX Homes & Estates

Pre-Foreclosure Division

(714) 588 -7676 ∙ www.remaxann.com

If you are in a situation where:

• You lost your job

• Your Medical Expenses are too high

• Just went through/going through a divorce

• You are behind on your payments

• You have no equity

• You can't afford the cost of selling your home

• Your income has been reduced

• You are in foreclosure

WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!!

WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.

Benefits of a Short Sale:

• Avoid Foreclosure

• Avoid Bankruptcy

• Reduced damage to your credit

• Postpone your foreclosure sale date

• A short sale will stay on your credit approx 3 years

• BE FREE of financial and emotional burdens!

We are licensed Realtors that specializes in avoiding foreclosure. We will NOT buy your home, but will assist you in selling your home quickly. The lender will cover all closing costs including Realtor commissions. We can make selling your home MUCH EASIER FOR YOU and lift much of the financial burden off your shoulders-- OUR SERVICES DOES NOT COST YOU ANY MONEY!!!

You can sell your property and lift the financial weight off yourself with the help of a experienced short sale Realtor. Re/Max Homes and Estates short sale division has closed over 120 short sales nationwide within the last year. We have a 95% success rate. Do not trust just anyone to handle your short sale. List your home with an experienced Orange County short sale Realtor.

Regardless of your current situation I am here to assist you, so call me today to help you find a solution! You have options which can enable you avoid foreclosure proceedings and escape the 10 year scar it will leave on your credit, therefore, your future. Stop the inevitable and don't face Foreclosure IF YOU DO NOT HAVE TO! Best of all with a short sale my commission will be paid by the bank, so you won't have any out-of-pocket expense!

www.remaxann.com for more info or give me a call at (714) 588-7676

#01451803

Improvements to Loan Modifications

Nancy Moeller: Real Estate Agent in Anaheim Hills, CA

The Department of Housing and Urban Development (HUD) recently announced changes to help improve the ratio of trail loan modifications to successful permanent modifications. These changes are supposed to take effect June 1.

  • Here's why the current process makes no sense: Under previous guidelines, homeowners were not required to document their incomes prior to receiving a trial mortgage modification. When it came time to verify the paperwork and wade through inefficient processees, under 6% of trail modifications became permanant.
  • Skip to the chase: The new process requires that servicers collect a formal application, a hardship letter, proof of income and a form authorizing the Internal Revenue Service to release tax data to the servicer BEFORE a trail modification is approved.
  • Ah, less red tape: Then, if the borrower meets the modified payment requirements for three months, the modification automatically will be made permanent.
  • Here's the part that seems to good to be true: Under the plan, servicers also will be required to respond within 10 days to an initial request for a modification. Once documents are provided, the servicer will have one month to let borrowers know whether they qualify for a trial modifications.
  • How are they going to do this? What's the formula? How will they anticipate failure ratios? Servicers also must calculate whether the lender or current owner of the loan will benefit from a mortgage modification, or if foreclosing on the property is in the loan owner's best interest. If the loan owner will benefit from a modification, the servicer is required to grant the modification.

We'll see if how this change works out. I'm still waiting for banks to provide us pre-approved short sales.

Seven Gables Real Estate

License #01727426

www.TheOCExperts.com

www.ZeroShort.com

Direct: 714 276-7006

Fax: 714 917-2293

FHA Loans More Expensive In April

Nancy Moeller: Real Estate Agent in Anaheim Hills, CA

Our partners at Bank of America provided this update on FHA Loans:

Effective for loans with case numbers assigned after April 5, 2010, FHA will collect an up-front MIP (mortgage insurance premium) of 2.25% (up from the current 1.75%). While this increase is certainly not good news, the financial impact is less than you might expect. On a $300,000 FHA loan, for example, the increase adds $1500 to the loan balance but this increase is financed over 30 years so the increase in the actual mortgage payment is only $8.28 per month.

No one likes to pay more but it is also important that we keep the FHA insurance fund solvent. There are other restrictions coming including tighter condominium requirements and the potential for an increase in monthly MI premiums but we will save that good news for another time!

Seven Gables Real Estate

License #01727426

www.TheOCExperts.com

Direct: 714 276-7006

Fax: 714 917-2293

Did I Pick The Right Smartphone?

02-04-10
Vic Steele
Vic Steele: Real Estate Agent in Anaheim Hills, CA

...or am I just being stubborn?

I read that among Smartphone/PDA users, 97% of them are carrying a Blackberry or an iPhone. That floored me because the author speculated the other apps will not be available before long. (His timeline was in the next 5 years.)

I wonder if he is right or if Google will make the same impact they did as their Internet presence. I remember over 10 years ago in the Detective Bureau being asked why I was using Google. EVERYONE else back there in the bullpen used Yahoo! at the time.

I said I thought Google's search returns were better and I preferred it as my search engine. I was scoffed at by some and others - who knew me well - started using Google. I hope I am right about this Google phone because I like it. How many months will it be before Google makes a real market impact or I have to break down and get an iPhone? I wonder if it is true that 97% of us are carrying a Blackberry or an iPhone?

Samsung Moment Phone iPhone Blackberry Phone Droid

Pictured in order: The Samsung Moment (Google), an iPhone, a Blackberry and a Droid (Google)

Let's do our own survey and see if that 97% number is right. I'll bet it is not!

What are you carrying? What is your favorite thing about your phone? What is the one thing you would change?

Valet Real Estate Services

Concierge Man Serves a Home

Vic Steele, Broker, CA DRE License No. 01349863

Valet Real Estate Services

571 N. Poplar, Suite H, Orange, CA 92868

The Lost Waitresses

02-01-10
Vic Steele
Vic Steele: Real Estate Agent in Anaheim Hills, CA

Three WaitressesLast summer, we had to say goodbye to my long-time assistant Kathleen so she could hit the books full time and graduate. It paid off a few short months later when she joined PriceWaterhouseCoopers. Before that, we met Kala and she joined the team. She had just taken the California Bar Exam and was waiting for her exam results. It is unusual for applicants, especially out-of-state applicants, to pass the bar on the first attempt, so I thought there was a pretty good chance she would be part of the team for a long time.

Interestingly, Kathleen came to us from Red Robin, renowned as a launching pad for future corporate accountants! We worked around her school schedule while I taught her business language and practices. When I saw her again recently, I saw she is a completely different person. We both laughed and reminisced about how meeting each other had got her where she is today. That's when Kathleen asked me to help her find a new home.

Now Kala moved from Minnesota to Southern California to begin her career as a Real Estate Attorney. We connected immediately because I was also winter-state raised and I was also awaiting my test results for the California Department of Real Estate Broker's exam - another exam that is uncommon to pass on the first attempt.

I hired Kala as my Assistant and she embraced the position completely. The whole team liked her and my client's loved her! I was extremely pleased with my decision to hire her. I wished I could give her more hours so she did not have to waitress on evenings and weekends, but the market was soft and a girl has to pay the bills! I'm pleased to say that was short-lived. As my health returned, so did the market and Kala spent all of her time at our offices!

Wasting Your Degree

Kala and I each got our test results a few weeks apart; we had both passed our exams and are now ready to lead our industries. We spent hundreds of hours discussing contracts; contract law, case law, disclosure issues and helping our clients avoid court by representing them both properly and professionally.

Kala helped me build Valet Real Estate Services into the brokerage that I knew it could be. Our office looks fantastic and our clients love visiting us there. We've launched our new website; www.ValetRealEstateServices.com and we've hired more agents. We succeeded in a market that saw dozens of brokerages fold. We succeeded for our clients where amateur agents had failed. Ask Kevan, Bethany, Shane, Gina, Ken, Amanda, Anthony, Ryan or Kathy about the importance of genuine patience and real professionalism in this marketplace. I am confident each and every one of them will insist you introduce me to the people you genuinely care about.

Only two weeks ago, Kala was invited to interview with a prestigious law firm. It was no surprise to me when they hired her on the spot. Unfortunately, the job offer was conditional on her starting today, February 1st. She was dismayed for us but enthusiastically helped me identify my new assistant through an exhaustive job search. We talked to more than five dozen applicants including brokers, agents and veteran administrative assistants.

Who did we pick?...another waitress. Nastassja is a former waitress now and she, like me, knows we are going to accomplish great things together. When Kala talks about Nastassja she uses words like enthusiasm, vision and desire. That sure makes the boss happy! When I sat down to say good-bye to Kala this past Friday, she told me she did not want it to be good-bye. She told me that if I would have her, she would like to be my Client for Life. I was smiling from ear-to-ear when I accepted! Now it is Nastassja's job to help us succeed and it is my job to teach Nastassja the business skills she will need to succeed with the degree she is currently earning. She is scheduled to graduate this summer. I wonder what major firm will take this impeccably-trained Journalist/Public Relations graduate from me later this year? I wonder what my three waitresses will be doing in five years, besides remembering us fondly!

Valet Real Estate Services

Concierge Man Serves a Home

Vic Steele, Broker, CA DRE License No. 01349863

Valet Real Estate Services

571 N. Poplar, Suite H, Orange, CA 92868