Lupe Medina & Oscar Matamoros

As the country is gradually getting back to positive territory homeowners are not so optimistic about their chances of full recovery in the immediate future, their last option is to unload their hard assets to cover for their financial deficiencies.

As homeowner dispose of their home will have to overcome the tight situation in the real estate market.

If you need guidance as to how to sell real estate residential or commercial property you are not alone.

Selling a home or an office block can be complex today given the hoops many sellers need to jump through. There are people that you can and should contact for advice on how to sell real estate.

The first people to contact before you sell real estate are: Residential Realtor or commercial expert.

You may look to speak to a few agents before you choose one specific agent to answer your questions.

Speaking to several is the only way that you will be able to compare their experience and the way in which they appear to be committed to making sales for their clients. You should ask each agent you speak too for a marketing plan as to how they will sell your home and then compare.

You should also speak to a financial adviser, speaking to several financial advisers will give you an opportunity to compare them and see what they can do for you.

Finally, your Realtor will give you a professional advice on the improvements or the quality of your investment before putting your home or commercial space on the market.

Home staging is important if you are looking to sell residential real estate and it will help potential buyers to picture themselves in the property. Your agent may be able to do this as well if he or she has sufficient experience.

Take full advantage of your Realtor, builder or staging expert, you will find that the selling process is much smoother than you would otherwise anticipate.

Lupe Medina/Realtor

www.homesbyarea.com

RE/MAX Metro Real Estate Services Lic#01447152

Service areas in Orange, San Bernardino and Riverside county

866-466-6650

MY SENSE ON THIS MARKET REPORT.

Back in July 2008 Barron's cover story viewed the 21% decline in the inventory of unsold new single-family homes from 2006 peak as a sign the housing glut was easing-up.

They have been wrong before as we can see. Where are we now in 2009?. There are no guaranties that the market will easing-up by 2010.

We steel see our labor market and the California budget crisis as an element for keeping our housing market on the up's and down and no say when prices will stabilize. What would happen now that our State Governor is contemplating on bankruptcy our State or become a Federal Territory?.

Peter J Wallinson a fellow at the American Enterprise institute stated in 2008 that shrinking the Fannie and Freddie portfolio could take 3 to 5 years.

Despite the bad news or good news, the credit crisis has not reached its climax after Fannie and Freddie support bailout package. Not to include B Of A and many other banks.

Now Fannie is coming with the idea of offering homeowners to lease back their own delinquent homes to reduce the amount going in foreclosure.

Are they helping homeowners or helping them self by not having to reduce the mortgage balance to the actual market values. This is very complicated. Buyers be aware

This is a shadow correction and not a natural correction of the housing market.

If you have any questions or concerns in reference to your homeownership and where your home value stands on today's market, call NOW!!!

By. Oscar Matamoros

Lupe Medina/Realtor CLICK HERE

RE/MAX Metro Realty

866-466-6650

homesbyarea@yahoo.com

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San Francisco Chronicle: Legitimized leasebacks picking up momentum
By Carolyn Said
11/11/2009
Last week, Fannie Mae announced its new "Deed for Lease" program, which allows homeowners in default to lease their home from the lender in exchange for signing over their deed. Now housing advocates and some political leaders say the concept should be expanded further. They hope the government will prod banks to follow Fannie Mae's lead, and they propose leases of three to five years followed by the option to buy back the home.

This is not as simple as it seems. Signing up a Deed back to the bank can bring complications, such as living the homeowners open for big liabilities on their mortgage delinquency if they are not able to negotiated a delinquency waiver and have it recorded settle as agree without any recourse in favor of the homeowner. Home owner should seek professional advice before getting in to any lease agreement and signing their Deed.

Would the bank accept a lease option for 3 or 5 years at today's market value????. If they would, why are they not lowering their balance when offering a loan Modification?

Is this another trap for the homeowner? We know that for years the banks have try to get in to real estate and to have control not just on the lending, but also on the sale of your home.

I see this as a way to allow the market to have an up correction while bank's recuperate the property values and foreclose on the homeowners as they get the opportunity.

Why you in the right mine lease a home from your bank after you have sign over the Deed on your property and be compromise for 3 or 5 years just to find out that you steel do not qualify for the purchase price, as most homeowner did not qualify on the original purchase. Yes they did, on a low interest only rate programs, an adjustable interest rates or the famous option payment plan.

This is just another move by Fannie Mae and the housing advocates and some political leaders to continuo to find a correction for their own private interest and having no regards for the citizens.

As Thomas Jefferson ones wrote: The day when the banks control Real Estate the sons and daughter of the citizens will be homeless.

We are fighting over the Health care propose by the Administration, Words in Afghanistan and Iraq, and we are forgetting the one subject that we are losing in our back yard, a word that is been neglected by our politicians that have only one interest, who is going to be the greater contributor to their campaign.

I am not a professional writer or have a great command of the English language but I am so P.... about our current housing situation that helps' me get courage to write as a voice of discontent

Oscar Matamoros

RE/MAX Metro Realty

Must home owners know's that there is help available from their lenders, and programs that will help them stay on their home, what they don't know is that the firs line of defense by the lenders is to get the home owner true their "Collection Department".

Here you will be ask question and or try to squeeze money from you before they offer you any consolation.

You will be ask for your financials and the reason of your delinquency, you will also be ask to write a Hardship letter and provide your last w2 form, probably your last year taxes, proof of income.

After all this documents are provided to them, they will probably offer you a reinstatement of your loan, prepayment plan, forbearance, modification or refinance and all these if you qualify.

Must home owner get them self in a situation in which accept the program offer by the collection department.

Doing this by your self as suggested by the banks, is putting your self in harms way. We all know that the bank is not out to provide you with the help needed but to help them self, so what make you believe that they will offer you the best modification available to you.

I am not suggesting that you should pay an expert to this for you, but to think before you act. If you ake the decision to call your self to negotiate a modification; I will strongly suggest getting sufficient information prior to embark in this difficult decision.

There are groups that belong to the "HOPE NOW" alliance; find them to obtain more inforamtion. I will sugets to call us at 888-250-4230 or call 714-699-4695 RE/MAX Metro Realty is approve to offer Modification Services by the DRE (Department of Real Estate)

Lupe Medina Click Here