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patti lyles: Major news in the Santa CRuz County short sale and housing industry - 04/04/12 03:01 PM
Major news in the short sale and housing industry! On Friday, March 9, the Obama Administration announced updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through short sales and deed-in-lieus.
The HAFA updates will go into effect on June 1, 2012, and will allow more distressed homeowners to seek assistance. Most importantly, the deadline for submitting for HAFA eligibility will be extended a full year, from December 31, 2012, to December 31, 2013.
Other major changes from March's … (0 comments)
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patti lyles: 300 Shady Lane in Boulder Creek, CA - 03/25/12 08:41 AM
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patti lyles: Mortgage Servicing Litigation - 08/17/11 09:11 PM
What you need to know about Mortgage Servicing Litigation
Mortgage Servicing Litigation is the last avenue for more borrowers who believe they have a case.
Mortgage Litigation Report is something I keep an eye on. Mortgage servicing litigation has skyrocketed 88% in the 2011 first quarter. These figures were released last week in a report by MortgageDaily.com and law firm Patton Boggs LLP. Reasons given include all the robo-signing scandal uncovered last fall and all the media attention this received.
Frankly, I’m only surprised that increase wasn’t higher, given all that I have read about the robo-signing mess and … (1 comments)
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patti lyles: DO YOU QUALIFY? New Online: Free HAMP Calculator - 07/16/11 12:12 PM
Home Affordable Modification Program (HAMP) now has a calculator to figure out if you qualify
The Treasury Department is offering a free online calculator that helps borrowers estimate whether or not they qualify for the Home Affordable Modification Program (HAMP).
The calculator is available at CheckMyNPV.com.
In the two years since its launch, HAMP has helped more than 270,000 borrowers receive permanent loan modification, thus lowering their monthly mortgage payments. That number falls far short, however, of the millions of homeowners at risk of foreclosure - which is bad for homeowners and bad for the housing market. The current glut of … (0 comments)
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patti lyles: Martin Luther King and the dream of homeownership - 01/17/11 07:17 PM
On Martin Luther King, Jr. Day, it's great time to reflect on dreams. And since I'm in the real estate business, what would be more appropriate to talk about than the dream of homeownership?
The dream of owning a home is still alive and well in this country, it's just taken several dings in the last couple years. However, I'm just as committed today to move families into homes as I was five years ago when the market was hot. After all, we all have to live somewhere. And, deep down, I think young professionals and families just starting out still … (1 comments)
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patti lyles: Boulder Creek has a place where you can escape - 01/14/11 03:47 AM
If you want to improve your life by living here, Call me Patti Lyles - 831-335-2100 Century 21 Showcase, REALTORS ®
Just one-half hour away from Los Gatos, and mere minutes from Santa Cruz and Big Basin Redwood State Park, Boulder Creek may be your antidote to a busy work week in Silicon Valley. Take this online stroll through our famous park, a quick our virtual-hike through the regions of Big Basin Redwood State Park. Enjoy your visit!
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patti lyles: Why buy Felton Real Estate? To improve your life see this video - 01/13/11 12:06 PM
Felton California median home price is $399,000
Felton is worth the time of any homebuyers consideration.
Living or buying Felton Home means scenic redwoods where you can spend your days off, hiking, biking and equestrian trails, picnic areas, campgrounds and 80 miles of trails. Henry Cowell Redwoods State Park featured in this video contains a centuries-old Redwood Grove and a self-guided nature path which adorn this quaint community.
Felton is also home of the famous Felton Covered Bridge and the Roaring Camp Railroad. It's many diverse neighborhoods including Zayante, Fall Creek, Mount Hermon, El Soylo Heights, Forest Lakes, and Empire Grade.
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patti lyles: (video) Visit Scotts Vallley with Patti Lyles Century 21 Showcase, Scotts Valley Real Estate Agent - 01/12/11 12:02 AM
Take a tour of Scotts Valley, California with Patti Lyles Century 21 Showcase, Scotts Valley Realtor, working Scotts Valley Real Estate
831-335-2100
Median Home Price: $775,000
Scotts Valley is located in the northern portion of Santa Cruz County. It backs up against the Santa Cruz Mountains. Because it is the closest city in Santa Cruz County to the Silicon Valley, it is an ideal community to live for those who commute to jobs "over the hill" in the Valley.
Several famous high-tech companies are headquartered in Scotts Valley. Among them are Seagate (hard disk drives). Aviza & Threshold Enterprises.
The … (2 comments)
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patti lyles: (video) The Seabright Neighborhood of Santa Cruz itself is an attraction woth viewing - 01/11/11 11:20 AM
There is a lot to do within walking distance of any house.
Seabright beach is sheltered from the prevailing wind and fog you routinely get in San Francisco and Monterey. Our summer temperature, generally in the 70s, is perfect for those folks escaping hot and humid summer weather elsewhere yet don't want to be in the cold and wind that is common to many other areas of the coast north of Santa Barbara.
Seabright NeighborhoodThe Seabright Neighborhood itself is an attraction. This is a unique place to enjoy walks or bike rides. The "Point" is a wall of limestone between the San … (0 comments)
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patti lyles: (video) Visit Watsonville with Patti Lyles Century 21 Showcase, Watsonville Real Estate Agent - 01/10/11 09:35 PM
Median Home Price: $339,975
The City of Watsonville is the southern anchor of Santa Cruz County. Long the agricultural center of the county, Watsonville is the fastest-growing city in Santa Cruz County. Some of the best home prices in the county are to be found in Watsonville, whether you are looking for an charming old Victorian or a sparkling new Townhouse.
The historic center of Watsonville has as its centerpiece the town square, complete with a band shell, fountain, green grass, and park benches. It is surrounded by stately older buildings, and is a great place to relax … (0 comments)
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patti lyles: (video) Visit Aptos with Patti Lyles Century 21 Showcase, Aptos Real Estate Agent - 01/08/11 04:41 PM
Median Home Price: $696,250
Aptos is a largely rural area, however there are several "urban centers": Seascape Village, Aptos Village, Seacliff Village.
Aptos is a fairly large area in terms of size, stretching from the beach to the mountain ridges; from Capitola to La Selva Beach & Corralitos. Three of the well-known and residential areas of Aptos are:
Seacliff Rio del Mar Seascape Aptos is home every 4th of July to the "World's Shortest Parade." It makes its way along Soquel Drive, past the Rancho del Mar shopping center, under the railroad trestle, across the Aptos Creek Bridge, and into … (0 comments)
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patti lyles: Santa Cruz County Short Sale remember HUD Only Allows Certain Fees to be covered by Seller. - 11/19/10 10:59 AM
I hope you find this information helpful the next time you write an offer on HUD short sale.
If you are buying a Santa Cruz County Short Sale your Buyer's agent needs to know what is and is not allowable so that you can best use your clients' funds to get an approved deal.
When I represent the seller and a buyer's agent asks for a variety of closing costs and prepaids to be covered by the seller, I wanted to share with buyer's agents what is and is not allowable.
When advising your buyers about offers on a HUD-approved short … (0 comments)
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patti lyles: Suspension Short lived because Bank of America resumes foreclosures - 10/19/10 01:50 PM
What just happen? That went by so fast! Spokepeople for Bank of America announce that they will resume foreclosures in California by Novemebr 1st
Santa Cruz County distressed homeowners need to keep up with the changes...Bank of America says it will resume foreclosures in at least 23 states, starting next week.
BofA, the largest mortgage servicer, has suspended foreclosures nationwide as it reviews its processes for repossessing houses. In the 23 judicial foreclosure states, the bank is getting ready to resubmit affidavits in 102,000 foreclosure cases. In a statement, the bank says it will start filing those amended affidavits next Monday.
"We … (0 comments)
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patti lyles: Why would you Buy Property in Felton California? - 10/17/10 12:45 PM
Why . . . Because this is what I saw on my early morning walk in Felton California. This place is enchanting is one of those unique towns tucked away in the hills of California's Redwoods that is home to tales of honor, faith, and scandal. Having many known and not-so-known sites, this little town is part of a historical backbone to the development and success of the great state of California.
In downtown Felton, one may visit her beloved historical landmark, an old church which is now a community library. Just east, one can see the famous covered bridge in Felton's … (1 comments)
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patti lyles: Santa Cruz Short Sale Homebuyers must carefully budget for closing costs - 09/25/10 10:57 AM
If you are buying a Short Sale in the Santa Cruz County you need caculate the closing cost and budget them into your deal.
It is said that coming up with the cash is the most daunting challenge to buying a home. When a homebuyer thinks about the cash required, he or she often only thinks about the down payment and gives no thought at all to what the closing costs will be. Since FHA is still allowing a 3.5 percent down payment, a homebuyer may think that $21,000 is all that is needed to purchase a $600,000 home but that … (3 comments)
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patti lyles: Avoid a surprise tax in a Short Sale - IRS Form 982 - 08/22/10 03:22 PM
IRS Form 982 - Avoid Debt-Relief Taxes
More Short Sale Help from SantaCruzCountyShortSales.com _____________________________________
We are not tax experts so what we've written here is only for informational purposes and should be used as a starting point to further investigate the potential tax savings involved. It is absolutely worth your time and money to consult with an expert in these matters as it could save you thousands of dollars.
As we mentioned in another article, 'Beware The IRS', you could be in for a large tax bill if you utilize a short sale, foreclosure, or deed in lieu of foreclosure. The … (2 comments)
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patti lyles: San Lorenzo Valley Monthly Real Estate Trends for SEPTEMBER 2007 - 09/12/07 12:53 PM
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patti lyles: This place is so quaint it still has an Ice Cream Social - 09/08/07 07:30 PM
Patti @ FELTONREALTOR.COM
Wouldn't you love to live in a that still has Ice Cream Socials? I encourage you to consider buying a Felton Property as a primary residence or a vacation getaway. It has the best affordability in the Santa Cruz County. 10 minutes to the beach too.
PRINT THIS OUT AND SUPPORT OUR HEARTFELT COMMUNITY
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patti lyles: What's an easement? If you own real estate in the San Lorenzo Valley you should know the answer..... - 08/17/07 12:22 PM
In a nutshell, it is the right to use someone else's property. The most common types of easements are ones we can't easily escape: they are for power, water, perhaps phone lines. The utility companies have a right to go onto your land to get to the water pipes outside your home or to the power or telephone lines in your backyard. They have a right to go there and do not need your permission, generally speaking, if the need arises. (That said, they usually do give notice unless it's an emergency.)Easments can be given by the landowner to the person or … (0 comments)
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patti lyles: San Lorenzo Valley Monthly Real Estate Trends - 08/10/07 07:47 PM
Patti @ www.FeltonRealtor.com
The following chart shows median and average price trends plus plus unit sales for single-family homes in San Lorenzo Valley. The chart uses a 12-month moving average to eliminate any seasonal variation.
The next chart is the same as above but uses a 3-month moving average. This smoothes out month-to-month variations yet shows seasonal variations.
This chart shows the current inventory of homes for sale compared to the number that have sold.
For detailed information on San Lorenzo Valley real estate, give me a call or send me an e-mail. If you prefer, you can fill out one of my forms. There's … (0 comments)
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Patti Lyles, Santa Cruz County Short Sale & REO Agent (831) 335-2100
Santa Cruz,
CA
More about me…
Century 21 Showcase, REALTORS®
Office Phone: (831) 335-2100
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