How To Avoid Foreclosure | Part 4 Bankruptcy - 04/30/12 08:52 AM
How To Avoid Foreclosure | Part 3 Refinance
In part 4 of this five part series ‘5 steps to preventing foreclosure” were going to cover bankruptcy and learn more about the ins and outs of this option to help Orange County homeowners determine if it’s the right choice for them.
Will You Lose Your Home?
During the Chapter 7 bankruptcy process, the homeowner will typically lose their home when the trustee sells it to pay off their unsecured creditors, although this is a common option, homeowners may actually be able to keep their homes, with an option known as the homestead … (0 comments)

What Are The Hardship Requirements to Short Sale? - 04/27/12 01:17 PM
Every homeowner in the Orange County area wants to avoid foreclosure and will choose short sale to avoid the damages and consequences that come from going through foreclosure. Even though some Orange County Realtors might say that all home owners will qualify to short sell their homes, the reality is that some won’t because; they don’t have a legitimate enough hardship.
What Qualifies as a Hardship?
Due to the economic recession, some of the most common reasons for hardship include: job loss, prolonged unemployment, health issues that have left the homeowner with a lot of medical bills, divorce, job relocation or … (2 comments)

Hardship Requirements of a Short Sale | Fridays with Fred - 04/27/12 09:31 AM
Many people believe that because they are underwater on their mortgage that the bank will be willing to negotiate a Short Sale with them. In almost every case it requires much more for the bank to take a loss of tens or hundreds of thousands when they negotiate a Short Sale with the home owner. In order for the bank to be willing to negotiate a Short Sale the home owner must demonstrate a hardship where they are no longer able to afford the current mortgage payment. These hardships include a job loss, reduction in income, health related issues, a divorce, … (2 comments)

How To Avoid Foreclosure | Part 3 Refinance - 04/26/12 07:07 AM
http://www.bestocproperties.com/how-to-avoid-foreclosure-part-3-refinance/
 
In part 3 of this five part series “5 steps to preventing foreclosure” we’re going to cover refinancing and learn how homeowners in Orange County can avoid an Orange County foreclosure, save their credit and get their financial lives back on track.
How Does Refinancing Work? To refinancetheir home a homeowner must first apply for a new mortgage loan with a mortgage lender. Once the refinance process starts, the homeowner can expect the following process:
Appraisal: The home will be appraised to determine its value in the current housing market Credit file: The homeowner can expect to have their … (2 comments)

How To Avoid Foreclosure | Part 2 Deed in Lieu - 04/25/12 09:13 AM
http://www.bestocproperties.com/how-to-avoid-foreclosure-part-2-deed-in-lieu/
 
In part two of this five part series “5 steps to preventing foreclosure” we’re going to cover the second option on the list: Deed-In-Lieu and learn how this second option can save any Orange County homeowner from going through the painful foreclosure process.
What Exactly Is A Deed-In-Lieu? With a Deed-In-Lieu, the homeowner will transfer complete ownership of their property, including the title and all property that may come with it, to the mortgage owner or lender. What the homeowner receives in return is a complete release from their payments and mortgage loan.
To qualify for a Deed-In-Lieu the … (0 comments)

How to Avoid an Orange County Foreclosure | Part 1 - 04/24/12 09:02 AM
If you’re an Orange County home owner who is considering foreclosure, you can have hope because, there is more than one option available that will help you to avoid the specter of foreclosure, damaging your credit and being unable to buy another home for at least seven years. In part one of this five part series we will explore five steps that you can follow to avoid going through the painful Orange County foreclosure process and learn real solutions for getting your financial life back on track.
What Exactly Is Loan Modification? A loan modification is “retooling” or modifying your home’s … (0 comments)

How Important is a Home Warranty? - 04/23/12 09:54 AM
If you’re buying an Orange County home, you're like most new homeowners across the country and will be spending the next 30 days while the home is in escrow reviewing all the details for the home to make sure that you're getting the most out of your investment but, what happens when the 30 day escrow ends and something breaks like: the range, dishwasher or other appliances in the home? What's going to protect your investment? Will you be able to get your money back from the buyer or have them put money up to fix the broken appliances in the … (2 comments)

Are You Behind on Your Payments? Facing Foreclosure? Consider a Short Sale - 04/20/12 01:03 PM
Short Sale Process In Orange County CA
Short Sale Video By Fred Sed
List your home with Fred Sed, Orange County Short Sale Agent
 http://www.PreventOCForeclosure.com
YOUR ORANGE COUNTY SHORT SALE REALTOR at 949-274-3733
IS YOUR HOME WORTH LESS THAN YOU PAID AND LESS THAN YOU OWE THE BANK? YOU'RE NOT ALONE.......
MOST PEOPLE WHO PURCHASED A HOME DURING THE LAST 4-5 YEARS ARE IN THE SAME SITUATION IF THEY DIDN'T PUT 30% DOWN! IS YOUR LOAN ADJUSTING TO AN AMOUNT YOU CAN'T AFFORD? YOU HAVE BEEN MAKING THE PAYMENTS ALL THIS TIME, BUT NOW YOU CAN'T REFINANCE BECAUSE THE VALUE IS … (3 comments)

The Importance of a Home Warranty | Fridays with Fred - 04/20/12 09:31 AM
A Home Warranty can be a great investment to ensure you limit your liability in case anything major happens in your home. A home warranty typically covers large appliances such as a stove, dishwasher, or HVAC unit that might come with the house.
You may be able to request that the seller pay for the home warranty during closing. In case you have to use your warranty, it should only cost between $40-60 to have someone from the insurance company come out to inspect the item to see if the home warranty will cover the replacement.
… (2 comments)

Second Mortgages- Release of Liability after completing a Short Sale in California - 04/20/12 07:16 AM
Homeowners in California who have been struggling financially have reason to rejoice thanks to the short sale which has given them the ability to effectively walk away from their homes without severely ruining their credit and possibly going through bankruptcy like they would if they were to choose foreclosure. Thanks to Senate Bill 458, homeowners in California can also have confidence that if they choose the short sale process, anyone who has a lien on their home will not be able to go after them once their short sale has closed.
A Nightmare that’s Finally Ended
Since Governor Jerry Brown signed … (0 comments)

First Mortgage- Release of Liability after a completing a Short Sale - 04/19/12 08:14 AM
Over the last year, homeowners in the Orange County area and all over California have chosen top Orange County realtors to help them go through the short sale process because, they recently experienced financial hardship due to reasons like: unemployment, extended deployment in the military, high medical bills or possible incarceration. The difference between homeowners who have enjoyed the benefits of the short sale process within the last year compared to those homeowners who went through the short sale process before 2011 is the Anti-Deficiency Law which was signed by Governor Arnold Swarzenegger towards the end of 2010.
How Does SB … (0 comments)

As a buyer, what mortgage options do I have? - 04/18/12 09:46 AM
With the economic recession slowly coming to an end and the Orange County real estate market quickly improving, more people than ever before are considering buying homes in the Orange County area and for the first time home owner or experienced home buyer, this can be a confusing and sometimes frustrating process because, there are a wide variety of mortgage options available and sometimes it’s hard to know where to turn.
Fixed Rate Mortgages This type of home loan has been affectionately termed the “bread and butter” of the home loan industry because; it's usually what most Orange County home buyers … (0 comments)

What to look for when choosing a Short Sale Realtor - 04/17/12 09:02 AM
In today's Orange County real estate market, more homeowners are considering short selling their homes than ever before due to a wide variety of consequences that are the result of the economic recession like: unemployment, job losses, high medical bills or extended deployment in the military. If you or someone that you love is considering short selling their home and is thinking about hiring an Orange County strategic short sale specialist, here is what you need to look in the realtor that you choose:
Experience The first thing look for when hiring a top Orange County Realtor who specializes short sales … (0 comments)

Facing Foreclosure? Put Orange County's Top Short Sale Realtor to work for you! - 04/16/12 02:58 PM
If you are facing foreclosure and want to be proactive with the bank, please give us a call at (949)272-0125 to see how we can help you.
… (0 comments)

Determining the Seller’s Home Value - 04/16/12 10:46 AM
Today’s Orange County real estate market is a sellers-market and more home owners are considering selling their homes than ever before for a wide variety of reasons including upgrading to a better Orange County Home. If you’re thinking about selling your Orange County house or condo but aren’t sure what’s it’s worth, the first thing that you need to do is contact a local realtor because, thanks to the wide variety of internet based resources and databases that realtors have access to, an experienced Orange County realtor will be able to help you accurately determine what your home is worth.
How … (0 comments)

Determining the Seller’s Home Value | Fridays with Fred - 04/13/12 11:59 AM
A professional Realtor can be the most important decision you can make in the selling of your home. Many people believe that selling their home is the most cost effective way to sell. However, this can be very costly and a good Realtor will more than make up for their commission because they can give an accurate appraisal value on your home and they have access to many professional tools that the average homeowner does not.
If you are interested in selling your home in Orange County, you can contact me 7 days a week at (949)272-0125 or email me at … (2 comments)

Don't Get Emotional When Selling Your Orange County Home - 04/12/12 11:44 AM
Selling an Orange County home is one of the most important things that anyone will ever do but, sadly, many people make emotional decisions that ultimately cost a lot of money. Here are the top emotional decisions that sellers make when trying to sell their Orange County homes.
My ( ______ ) Is In Real Estate
Even though you might have a friend or family member who purchases investment homes and is involved in real estate, that doesn’t mean that they are qualified to sell your home. You should choose an Orange County Realtor who has experience and can back up their … (0 comments)

Do Sellers Benefit From Hiring a Realtor? - 04/11/12 11:50 AM
http://www.bestocproperties.com/do-sellers-benefit-from-hiring-a-realtor/ Why should you hire an Orange County Real Estate Agent to sell your Home?
Selling a home in Orange County can be a confusing experience, especially in today’s market. The average seller will be faced with a wide variety of choices that can make selling their home seem like a huge hassle. Thankfully, with an Orange County real estate agent, the seller can enjoy the process and focus on the future because, their realtor will work with them to insure that the selling process is as pain free, quick and most important of all: profitable.
Benefits of hiring an Orange … (0 comments)

How Can A Home Buyer Benefit From a Top Realtor? - 04/10/12 03:34 PM
Benefits of Hiring an Orange County Realtor
Buying a home in Orange County can be exciting but it can also be a little stressful because, there are so many details involved with finding the right home that nobody should ever go through the process alone. To save time, money and reduce the stress involved with finding a home, every buyer in the Orange County area should choose an Orange County Realtor.
Benefits of Hiring an Orange County Real Estate Agent
Buying Power – A top Orange County Realtor will work with you to help you find out what your buying power … (2 comments)

Buyer’s Market or Seller’s Market? Thought you knew? Think again! - 04/09/12 03:28 PM
In spite of the current economic recession, the real estate market in Orange County is hot right now and every buyer and seller in the areas has the same question in mind: is the current Orange County real estate market more beneficial right now for buyers or sellers?
The answer to the question is simple and it relates to the classic business principle: The Law of Supply and Demand, right now, the current Orange County real estate market, is a seller’s market because, there are a shortage of homes available in the Orange County real estate market and this situation benefits … (2 comments)

Buyer's Market or Seller's Market? | Fridays with Fred - 04/06/12 08:59 AM
In Orange County, we are transitioning from a buyer's market to a seller's market. This is primarily due to the high demand for homes and low inventory. Because of this, real estate buyers typically face multiple bids when looking to buy residential real estate in orange county. (949)272-0125
Fred@BestOCProperties.com
http://www.facebook.com/bestocproperties
http://www.twitter.com/fred_sed
… (0 comments)

What To Look For When Buying A Foreclosure - 04/05/12 02:07 PM
In today’s real estate market there are a large amount of investors who are buying Orange County foreclosures because, they offer real estate investors and first time home buyers great deals. Before purchasing a foreclosure in Orange County or another part of California, there are certain things that every home buyer should look for to insure that they will get the most from their money.
Inspect the Neighborhood
It doesn’t matter if you plan on purchasing a foreclosure home for your primary residence or as an investment property, you should visit the neighborhood where the home is located to inspect the neighborhood and see what … (2 comments)

Advantages of Buying a Foreclosure Property - 04/04/12 11:55 AM
One of the biggest advantages of the real estate market in 2012 is that there are a lot ofOrange County foreclosure homes and there are even more foreclosure opportunities available throughout California. If you’re not sure if you should buy a foreclosure home yet vs. purchasing a short sale home, here are the top advantages to buying a foreclosure property.
The Seller Will Be Motivated To Move Fast
Once a seller has missed their payments and received the notice of default from their bank they will be motivated to take action quickly and this is great for the buyer because, it means that the … (0 comments)

Short Sale or Foreclosure? Which Option is Better? - 04/03/12 12:15 PM
Are you confused about whether you should short sell your home or through foreclosure? You're not alone. Every day millions of people in United States are dealing with the same problem and are asking the same question should they short sell their home or go through foreclosure?
What Exactly Is A Short Sale?
When a short sale goes through, the lender will receive payment for the property that's less than the balance the homeowner owes on their mortgage debt. Banks typically approve short sales over foreclosures because, they can take possession of the property sooner, fix it up or … (2 comments)

Where else can you find hot property deals in Orange County - 04/02/12 12:48 PM
Although a lot of people are searching for short sale deals in Orange County and Southern California, there are other ways besides Orange County short sales for real estate investors and first time home buyers to find great real estate investment deals and the properties of their dreams. Here are three proven strategies that anyone can use to find a great deal on a property this month.
Go To the Courthouse
When was the last time you went to the courthouse? The average person tries to avoid the courthouse but for thereal estate investor, the courthouse is the place to be for finding great deals … (0 comments)

 

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