Moorpark, CA

Wide angle lenses and architectural photography have always gone hand in hand. The problem is that most point and shoot cameras can only shoot so wide.

I found a reasonable solution is the magnetic wide angle lenses available from Magneticlenses.com.

https://www.magneticlenses.com/

These lenses attach magnetically to your point and shoot camera. I have one for my Sony DSC and it works great. They will dramatically improve both your interior and exterior shots. Great for landscapes as well

Rudy

We've all heard about "Phantom Inventory" and the next "Wave" of foreclosures and subsequent REO's, but right now Short Sales are the thing. In my Market, they're everywhere.

About six months ago we saw a slowdown in REO's due to loan modifications, moratoriums and Short Sales. I sent query letters to all of the asset management companies that I work for to see what their thoughts were about managing Short Sales. I received a mixed review. Mostly comments like,"we've considered handling Short Sales but are not currently interested, thank you for your foresight".

Well, things are starting to change.

Finally......... at least one progressive asset management company IS MANAGING SHORT SALES!

Check out PMH Financial's new site! http://www.shortsaleapproval.com/index.html

I applaud them for being a progressive company. It is a natural transition for them, and I think we all need to catch the current wave, Short Sales.

As far as that Phantom Inventory goes, who knows..........I think we'll be ready though.

Rudy

First Time Homebuyer Credit Extended - NOW It's Official !

Tax Credit for Homebuyers

First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines?

In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Tax Credit Versus Tax Deduction

It's important to remember that the tax credit is just that... a tax credit. The benefit of a tax credit is that it's a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a first-time homebuyer were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.

Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

Higher Income Caps

The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price

Qualifying buyers may purchase a property with a maximum sale price of $800,000.

07/01/2009 - 09/30/2009 - Moorpark, California

Residential units Sold that were REO: 23

AVERAGES:

Days on market: 31

List: $454,897

Sold: $463,849

SP%LP: 101.97%

Sq.Ft.: 2200

$ per Sq.Ft.: $211

High: $1,225,000

Low: $145,000

Median: $350,000

Comments: Currently in Moorpark as of 10/24/2009 there are 14 listed REO's with only 2 active listings.

Prepared by:

Rudy Detgen; Troop Real Estate; DRE Lic:01770676

information deemed reliable but not guaranteed