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Shawne Merriman, Outside Linebacker for the San Diego Chargers, has his former home in Scripps Ranch on the market for $1,149,000.00. The 3 bedroom, 4 1/2 bath, 3,950 sq. foot home has been for sale since June 15, 2009. According to public tax records, Shawne bought the home in August of 2005, the same year the home was built - most likely a rebuild from the result of the Cedar Fires that spread through this area back in 2003.
The single story home was custom-built by McCullough-Ames, a well-known builder in the San Diego area. The property has a great backyard with a pool and spa with no neighbors directly behind it and panoramic views of the canyons.
The home is currently listed with Steve Ferreira of Coldwell Banker Residential






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Fannie Mae is implementing the Deed for Lease instead of Foreclosures
FANNIE MAE NEWS RELEASE - September 5, 2009
WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for LeaseTM Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.
"The Deed for Lease Program provides an additional option for qualifying homeowners who are facing foreclosure and are not eligible for modifications," said Jay Ryan, Vice President of Fannie Mae. "This new program helps eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities."
The new program is designed for borrowers who do not qualify for or have not been able to sustain other loan-workout solutions, such as a modification. Under Deed for Lease, borrowers transfer their property to the lender by completing a deed in lieu of foreclosure, and then lease back the house at a market rate.
To participate in the program, borrowers must live in the home as their primary residence and must be released from any subordinate liens on the property. Tenants of borrowers in this circumstance may also be eligible for leases under the program. Borrowers or tenants interested in a lease must be able to document that the new market rental rate is no more than 31% of their gross income.
Leases under the new program may be up to 12 months, with the possibility of term renewal or month-to-month extensions after that period. A Deed for Lease property that is subsequently sold includes an assignment of the lease to the buyer.
For additional information about the Deed for Lease Program, including full details on program eligibility, please review the Guide Announcement on www.efanniemae.com.
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Jason Kardos, Real Estate Broker With McCormack Auction and San Diego County Property Management Cell (619) 347-6337 Check out Homes for Sale, Auctions, & Property Management Services at: DRE Lic# 01324429 |
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For those of you who missed Think Big, Work Small this morning... according to InterThinx, the mortgage
fraud specialists, appraisal fraud is up 46% from the same time in 2008. InterThinx
But wait, who would be the perpetrators, has not HVCC made us safe? Thanks to HVCC, Mortgage brokers, those evil, underhanded, self-serving scourges of real estate and sole cause of the mortgage crisis have not been able to order appraisals (except FHA) or even talk to appraisers in the third quarter of 2009.
OMG, that leaves (choke) the innocent victims of wicked mortgage brokers, Banks. There must be some mistake because we all know that banks would never do anything underhanded.
I am sure we will soon learn, probably from a trusted politician, that, possibly, the cause was appraisers still tainted by previous mortgage broker contact. These appraisers will certainly be sent to rehab at taxpayer expense.
Soon, thank god, due to vigilent efforts of our trusted banks and politicians, the world will be a better place. Mortgage brokers will have disappeared, banks will make all home loans unfettered by pesky competitors and politicians will be provided will deserved taxpayer paid Cayman Island vacations to visit their secret bank accounts.
Is that the happy ending what you want?
Your Fha Guru
Bill Ladewig
800.664.SAVE (7283)
Bill@yourfhaguru.com
Rate Lock Advisory is updated several times a day and is available at http://www.yourfhaguru.com
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