Hot Short Sale Negotiation Tip and Some Short Sale Basics - 11/29/11 09:40 PM
In college, the elementary level courses are usually the 100 series courses—all of them are numbered in the one hundreds. The advanced courses are in the 200 series. Before you fill your tummy with too much turkey (or tofurky), it seems like now might be a good time to provide a little bit of short sale 101 review.
Here’s some 101 on what to do when you are negotiating a short sale with two separate lien holders. 
If your short sale seller (the borrower) has more than one mortgage lien on the property, then it is the responsibility of the short … (10 comments)

Cash Buyers and Real Estate Deals - Fact and Fiction - 11/27/11 09:52 AM
Sometimes the truth is not what the buyer of real estate wants to hear. But, real estate agents do not earn money because they lie, cheat, and steal. They earn because they know the market, and they know their jobs.
Just because that cash is burning a hole in your pocket and you want a screamin’ deal on a piece of real estate, doesn’t mean that the seller is gonna accept your offer. Right now the real estate market is ripe with cash buyers, many who are looking for the deal of the century. 
Homes listed at current market value (which … (46 comments)

Thirty Thousand Dollar Short Sale Incentive from Chase Bank! - 11/26/11 11:00 AM
Check Out the Short Sale Approval Letter if You Don’t Believe It
I’ve often shared information about all of the different short sale incentive programs available to borrowers participating in short sales. Of course, there is everyone’s favorite—HAFA. Then, there is also the Bank of America Cooperative Short Sale Program, there’s TAP, and there are even short sale incentives offered by such banks as Citi, Wachovia, and Litton Loan Servicing. But, the biggest short sale incentive of all and the one that is getting the most media hype right now is a short sale incentive program offered by Chase Bank.
In … (5 comments)

Short Sale and Distressed Property News – No Turkey Talk - 11/25/11 05:26 PM
It’s my goal to help you stay ahead of the game. Hey… you already are ahead of the game if you are brave enough to stare short sales in the face and take a few short sale listings. 
Here’s a recap of some of the interesting stuff currently going on in the distressed property arena:
Fannie Mae and Freddie Mac Outline New HARP Guidelines  Perhaps you have heard or read about the new Home Affordable Refinance Program (HARP 2.0). Read our FAQs or check out this article for more information. The program is extended through the end of 2013. This should … (2 comments)

Short Sale Webinar Tomorrow at AR University - 11/23/11 11:01 PM
A few weeks ago Bob Stewart asked me if I would be willing to conduct a series of short sale webinars at AR University. Since the perils and pitfalls of short sales is probably one of my all-time favorite topics, how could I resist?
So, tomorrow, November 29th, we are doing the first one at 10:00 PST. 
Here's what we are going to discuss in the 1 hour free webinar:
Why to embrace the Short Sale Transaction (a.k.a. the hidden goldmine) How to think like the lending insitutions How and where to find prospective short sale leads What the short sale … (26 comments)

Exploring Hidden Meadows Escondido - 11/22/11 12:13 AM
Hidden Meadows Escondido is located on a mesa above the world famous Lawrence Welk resort in the northern most part of Escondido California. Check out this vide to learn more about Hidden Meadows to explore Hidden Meadows and see all the wonderful things that Hidden Meadows has to offer.
If Hidden Meadows piques your interest, use the interactive map below in order to check out the homes for sale in Hidden Meadows. If you see something that you like or if you want to chat about any of the communities in North San Diego County, please do not hesitate to give … (1 comments)

Short Sale Listing Appointments - Two Tips for You - 11/20/11 12:04 AM
Short sale listing appointments can be overwhelming—not only for the borrowers (the potential short sale sellers) but also for the short sale listing agent. There is so much to discuss and so much documentation to sign and collect. If you are not a type-A control freak (and even if you are), getting it right can be a challenge.
In order to make the short sale listing appointment as efficient and calm as possible, here are some tips for you.
Tip #1.
It’s a good idea to outline what you will need to collect at the appointment prior to the meeting—the items … (18 comments)

This Week in the World of Short Sales - 11/19/11 09:37 AM
It’s always my goal to help you stay ahead of the game. Hey… you already are ahead of the game—brave enough to stare short sales in the face and take short sale listings.
Here’s a recap of some of the interesting stuff currently going on in the distressed property arena:
Condo Associations Struggle to Meet Stricter FHA Guidelines  I've often reported on the challenges faced when dealing with Homeowner’s Associations and short sales. Now, in this article, HousingWire reminds us that we need to keep FHA in mind. Don’t forget to find out whether your buyer is using an FHA loan? … (6 comments)

What Am I Thankful For - Short Sales - 11/17/11 08:54 PM
Yes, that’s right. You do not need to clean your glasses. I wrote it and I mean it. I’m thankful for short sales, and I’m not talking turkey. Of course, I’m not thankful for short sales in the same way that I am thankful to my awesome family and the health and happiness of the ones I love, but I do have a strong sense of gratitude for how this market and short sales have changed my approach to real estate. 
While I know that short sales have been around for decades, they have never been more common then they are now. Of … (5 comments)

More on the California Anti-Deficiency Statute and Short Sales - 11/17/11 09:23 AM
Just the other day, a former short sale seller from another part of the state contacted me because she had questions about Senate Bill 458 and the anti-deficiency regulations for those short sale sellers that participated in a short sale prior to July 15, 2011.
Senate Bill 458 protects short sale sellers (borrowers) because it waives the rights of any short sale lenders who agree to a short sale from pursuing a deficiency judgment (essentially collecting the unpaid balance) from the seller (borrower). (Disclaimer: Discuss with an attorney whether this bill applies to your particular situation.)
This particular short sale seller … (4 comments)

Avalon Point Torrey Highlands Home for Sale - 11/15/11 10:58 AM
Just reduced! This amazing family home is now available for less than $600,000. It is located in the community of Avalon Point in Torrey Highlands. It features 2789 feet of living space, 4 bedrooms, 3.5 baths. There is a full bedroom and bath downstairs, perfect for guests.
And, you will have lots of guests if you purchase this great home in Avalon Point, Torrey Highlands. That’s because the backyard is an entertainer’s delight, complete with a putting green, a custom built-in natural gas barbecue, a fire pit, and a spool (which apparently means either a super large spa, or a small pool).
… (4 comments)

Exploring San Elijo Hills San Marcos - 11/13/11 07:16 PM
San Elijo Hills is an award-winning master planned community located in San Marcos, California and notably on the highest point in North San Diego County.
Located about 34 miles north of San Diego, the community of San Elijo Hills has a population of over 6,500.
Homes for sale in San Elijo Hills include apartments, condos, townhouses, attached and detached homes, many of which are of Mediterranean, Tuscan, Spanish, and American architectural styles.  Watch this video to learn more about San Elijo Hills San Marcos California.
 
Now that you have learned a little bit about San Elijo Hills San Marcos, use this interactive map in … (6 comments)

Number 1 Tip for Generating Short Sale Leads - 11/12/11 12:12 AM
With 2012 just around the corner, there is no better time then the present in order to write your business plan for 2012.
Want to learn how to close more deals in 2012 than you did in 2011? Want to learn how to close more deals in 2012 than ever before?
Who doesn’t?
The key is to generate more leads—short sale leads. After all, if you had unlimited leads, you could close more deals than ever before… right?
According to an analysis of the Bureau of Labor Statistics data on unemployment, our national unemployment rate is not expected to return to normal (read: … (5 comments)

Three Tips for Buying a Home - San Elijo Hills San Marcos - 11/10/11 09:28 AM
Three Tips for Buying a Home - San Elijo Hills San Marcos 
If you live in Escondido, San Marcos, Vista, Oceanside and just about anywhere in Southern California (and beyond) and you are considering buying a home, then you will definitely want to consider these three homebuying tips.
Get Pre-Qualified. Before you spend late nights on the Internet shopping for homes, work with a qualified lenderto find out how much your can spend on your next home purchase. Once you and your lender have made that determination (or if you are paying cash), then drool to your heart’s content. Work with a … (6 comments)

National Independent Foreclosure Review - How Will it Affect You? - 11/09/11 09:33 AM
There’s a new sheriff in town. Well, technically, it’s not a new sheriff. But there’s a new consent order coming from the very, very top as a result of possible improper foreclosure practices.

Here’s the most important info for you: As part of the settlement associated with the robo-signing debacle of 2010 (title my own), fourteen mortgage servicers and their affiliates are identifying customers who were part of a foreclosure action on their primary residence during the period of January 1, 2009 to December 31, 2010.
These 14 mortgage servicers have begun to send out letters to 4.3 million potential … (4 comments)

Discover Emerald Heights Escondido - 11/07/11 07:07 PM
Emerald Heights Escondido is one of the many lovely communities located in Escondido, California. It features approximately 600 homes set on a 1500 ridgeline with mountain views to the east, and ocean views to the west. Check out this video to see all of the great amenities that Emerald Heights has to offer.
If you are interested in looking at homes currently for sale in Emerald Heights, check out these Emerald Heights Escondido Homes for Sale.
 
Here are some other great Escondido communities that may interest you:
Hidden Trails, Escondido
Rancho Verde Estates, Escondido
Lomas Serenas, Escondido
Rimrock Estates, Escondido
Brookside, … (3 comments)

The California Escrow Process - 11/06/11 10:03 AM
In the State of California, we use escrow companies (independent third parties) in order to manage all of the details, manage the financing, and prepare real estate documents relating to the recording of the transaction.
It is often difficult to understand what escrow is and why an escrow company is required, but the California Department of Real Estate is making it easier for home buyers and home sellers to comprehend all of the intricate components of the California Escrow Process.
Check out this new brochure: Surviving the Real Estate Escrow Process in California
If you are interested in getting into a … (9 comments)

Not Everyone Qualifies for HAFA - 11/04/11 12:07 AM
Do you remember the phrase, “If the glove doesn’t fit, you must acquit?” Most of you probably do. That wasn’t so long ago.
Well, the other day, I received this email about the HAFA program, and I felt that, in this case, the HAFA glove didn’t fit--it kind of reminded me of that infamous quote.
Check it out:
I read your post about HAFA short sales and I wanted you to help me.  I am the seller of a house and have been approved for a HAFA short sale. Now my real state agent indicated to me that my second lien … (65 comments)

Two Tips for Buying a Short Sale in Valley Center - 11/02/11 12:17 AM
If you are currently looking into purchasing a short sale property in Valley Center California or buying a short sale in Escondido, San Marcos or beyond, then you will definitely want to check out these two important tips for buying a Valley Center short sale.
Tip #1
Not every property that you see advertised on the web is still available for sale. Sometimes homes advertised on the Internet already have accepted offers. Additionally, there might be other issues with respect to the property that would impact buyer interest that are not obvious when viewing the property on the Internet. (For example, maybe … (9 comments)

 
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Escondido Real Estate - North San Diego County Homes

Melissa Zavala, Broker

Escondido, CA

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Broadpoint Properties

Address: 220 West Second Avenue, Escondido, CA, 92025

Office Phone: (760) 839-3838

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