“Too Big To Fail” HBO Movie - The devil behind the scenes - 06/28/11 12:02 PM
“Too Big To Fail” HBO Movie - The devil behind the scenes This weekend, compliments of DISH Network, I received free HBO. I tuned in to watch the HBO movie, “Too Big to Fail,” from the book of the same name written by Andrew Ross Sorkin.I haven’t read the book, but from the movie, it was a blow by blow account of the impending financial disaster on Wall Street.Comparing money to medicineMy favorite line in the movie was Bernanke’s suggestion that the big banks need “an injection of capital,” to stop the crisis. Money is medicine and the cure all, right? It … (21 comments)

Does the bath tub overflow leak? There's only one way to find out. - 06/28/11 11:05 AM
If you are buying a Temecula Valley Home, make sure your home inspector checks the bath tub's overflow. You don't want to move in and later have damaged ceiling drywall when the kids fill the tub to overflow.
Via Maple Grove Home Inspections - Reuben Saltzman (Structure Tech Home Inspections):
Many years ago, I learned about a bath tub leak that I never caught during my home inspection.  The seller didn't have any children and didn't take baths, so they never knew about the problem with the bath tub drain.  I did my standard inspection of the bath tub, which included filling … (5 comments)

It’s Summertime! Harveston Homes SOLD in Last 90 Days - 06/24/11 01:19 PM
It’s Summertime! Harveston Homes SOLD in Last 90 DaysSee my recent post, It’s Summertime! Harveston Homes for Sale - Temecula California, for listed available homes for sale in Harveston Community of Temecula, California (report dated June 20, 2011). As I mentioned in my last post, It's Summertime! Harveston Homes Temecula California Pending Home Sales, I listed and sold a short sale Harveston home. We closed last month. Buyers were happy and sellers were relieved. Short sales are a win-win for all parties, the buyers, the sellers, and the lender.Harveston Homes SOLD in Last 90 Days - Report dated June 24, 2011The … (13 comments)

It’s Summertime! Harveston Homes, Temecula California Pending Home Sales - 06/24/11 12:02 PM
It’s Summertime! Harveston Homes, Temecula California Pending Home SalesIn my recent post, It’s Summertime! Harveston Homes for Sale - Temecula California, I listed the available homes for sale in Harveston Community of Temecula, California (report dated June 20, 2011). A reader commented on my post that it was sad to see the number of short sales. Short sales are definitely the norm now, and are much like buying a standard sale, except for the time involved. Ask a new homeowner who recently purchased a Harveston home that I listed as a short sale. They are thrilled because they bought a Harveston … (0 comments)

It’s Summertime! Harveston Homes for Sale – Temecula California - 06/20/11 02:32 PM
It’s Summertime! Harveston Homes for Sale – Temecula CaliforniaAre you looking to purchase a home in the Harveston Community of Temecula California?There are some great homes available for sale. Amenities at Harveston Community include:  Harveston Lake and the Harveston Lakehouse, community pools/spas, picnic areas, and walkways. Harveston Community is located to easy freeway access (great for commuting), shopping, restaurants and minutes to Temecula wine country.Report dated June 20, 2011*DOM = days on market*Standard = standard sale, or equity sale, usually can close in 30 days*Short sale = sale subject to lender’s approval*REO = real estate owned, or bank-ownedIf you would like … (4 comments)

Temecula Valley Short Sale Question: Can an investor/buyer rent back to my tenants, who are family members? - 06/19/11 02:54 AM
Temecula Valley Short Sale Question: Can an investor/buyer rent back to my tenants, who are family members?Short and long answer: no.Today I had an appointment with my short sale sellers to have them sign their lender’s short sale addendum. I had to tell them the bad news that the investor/buyer will not be able to rent back their home to their tenants, who happen to be relatives.That’s a no-win situation and would be considered short sale mortgage fraud, especially if the lender’s short sale addendum specifically states there can be no rent back to tenants if they are family members of … (31 comments)

Sensitive Client Information – What to do with a Broken Laptop? - 06/12/11 02:58 PM
Sensitive Client Information – What to do with a Broken Laptop?I was having lunch the other day with a Broker friend of mine and the topic of broker files came up in our conversation. I was under the impression that we (agents) are to keep paper files for a period of two years after close of escrow. She corrected me and said the Broker is responsible for keeping files and because of privacy laws any documents agents have either need to be turned in to the broker, or shredded.From what I understand it’s ok for me to keep files electronically, as … (73 comments)

Water War in California - 06/11/11 03:38 AM
Water War in CaliforniaIs there going to be a water war in California? Man-made drought has affected jobs, food prices, all because of a 3-inch smelt. Our economy is suffering enough with the housing mortgage meltdown. California needs the Central Valley. If you’ve driven by the aqueduct off the I-5 lately you can see for yourself the water is not flowing.
 
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Greens Gone Wild - 06/11/11 03:06 AM
Greens Gone Wild - There's hope yet for the Central Valley of California.The man-made drought problem has been going on for over two years. The following video gives a summary of federal government intervention over state’s water rights, and the introduction of H.R. 1837 which intends to take back California's water rights. The video is about five minutes in length. Enjoy!
 
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Sorry to Dash Your Hopes, But Loan Modifications Are a Scam - 06/11/11 01:49 AM
Sorry to Dash Your Hopes, But Loan Modifications Are a ScamI used to be a believer. I drank the kool-aid.  I believed there would be loan modifications for everyone! Any time a homeowner inquired about a short sale, I always asked the question: “Have you applied for a loan modification with your lender?” I thought I was being a good REALTOR® by informing the homeowner of all their options. Now, I see I was grossly misguided, following the unwritten script from the powers that be. I was very much like the Staples customer service rep, who I have made fun of, … (16 comments)

This Must Be The Week For Rudeness - 06/10/11 01:55 PM
This Must Be The Week For RudenessThese Two Made My Rudest Buyers of the Week ListI was completely appalled this week with the manner in which a buyer in particular conducted herself.First, I am a very busy short sale listing agent. When someone calls on one of my listings and they don’t have an agent, or so they say, I am willing to take them out on the first go around. This week I did just that.I explained to Mr. Buyer that my listing is a short sale. He said he wouldn’t be interested in buying a short sale, but my … (11 comments)

Does Your Weep Screed Weep?- Temecula Home Inspector - 06/08/11 06:57 PM
Steve Stenros does an excellent job explaining weep screeds. Every homeowner in California needs to be aware of this common problem. Watch the video and Steve will show you the right and wrong of weep screed clearance.
Via Steve Stenros CREIA,MCI,Home Inspector,San Diego,Poway (La Jolla,Mira Mesa,Carlsbad,Escondido,Temecula):
Does Your Weep Screed Weep?- Temecula Home Inspector

 
If you're having a new patio installed at your home, be sure your concrete contractor knows the required clearance to be maintained from the stucco weep screed. I consistently see improper patio installations while conducting home inspections throughout Riverside and San Diego Counties here in southern California.
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Approved Short Sale - Mayberry Community in Hemet California - 06/08/11 06:52 PM
Approved short sale - Mayberry Community in Hemet CaliforniaClose to SuperWalmart, minutes to Domenigoni Parkway, Diamond Valley Lake, walking distance to West Valley High School3520 Morro Hill Rd, Hemet, CA 92545
3-bedroom 2-bath 3-car garage Granite kitchen countertops Tiled flooring throughout Covered patio, gazebo/spa dual-pane tinted windows This is a short sale. Lender approved seller’s net. Please call Dir 951.491.4063 for showing, price, terms and conditions.
 
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Chardonnay Hills Homes for Sale Temecula California - 06/08/11 02:41 PM
Chardonnay Hills Homes for Sale Temecula CaliforniaAs of June 8, 2011There are currently 11 Chardonnay Hills homes for sale in Temecula California. Chardonnay Hills is located adjacent to Temeku Hills and minutes to golf course, sports park, schools, shopping and Temecula’s wine country. Chardonnay Hills offers stunning homes and many with views.   View current Chardonnay Hills homes for sale on the MLS.If you are interested in buying a home in Chardonnay Hills there are many standard sales available. Contact me Dir 951.491.4063, or email pamelaseley@gmail.comIf you need to sell your Chardonnay Hills home, contact me for a free consultation at no-obligation.Sign … (2 comments)

Temeku Hills Homes for Sale Temecula California - 06/08/11 02:23 PM
Temeku Hills Homes for Sale Temecula CaliforniaAs of June 8, 2011There are currently 21 Temeku Hills homes for sale in Temecula California. Temeku Hills golf course is located in the heart of Temeku Hills. Enjoy all the amenities of pools/spas, clubhouse, restaurants, parks, minutes to Temecula’s wine country and wineries.  View current Temeku Hills homes for sale on the MLS.If you are interested in buying a home in the desirable community of Temeku Hills, contact me Dir 951.491.4063, or email pamelaseley@gmail.comIf you need to sell your Temeku Hills home, contact me for a free consultation at no-obligation.Sign up for free real … (0 comments)

Paloma Del Sol Homes for Sale Temecula California - 06/08/11 01:50 PM
Paloma del Sol Homes for Sale Temecula CaliforniaAs of June 8, 2011There are currently 56 Paloma del Sol homes for sale in Temecula California. Enjoy miles of greenbelts, walkways, 5 community pools/spas, parks, sport courts, close to shopping, schools and minutes to freeway.View current Paloma del Sol homes for sale on the MLS.There are so many homes available for sale to choose from, it is difficult to say which home is the best one. Contact me Dir 951.491.4063, or email pamelaseley@gmail.com if you are interested in buying a home located in Paloma del Sol, Temecula, California.If you need to sell your … (0 comments)

Harveston Homes for Sale in Temecula California - 06/08/11 01:04 PM
Harveston Homes for Sale in Temecula CaliforniaAs of June 8, 2011There 12 homes available for sale in the Harveston Community in Temecula California. Enjoy all the amenities Harveston has to offer, Harveston Lake, walking paths, the Lakehouse, fishing and paddle boat rides.View current Harveston homes for sale on the MLS.Want to know which one is the best Harveston home for sale on the market for the best price? Contact me Dir 951.491.4063, or email pamelaseley@gmail.com.Sign up for free real estate search and search homes like a pro on the MLS.
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CC&R's - Read them ... or weep - 06/08/11 02:06 AM
Cynthia Larsen wrote a great post on reading CC&R's. It's not the most fun reading in the world, but there may be restrictions in a community that if you had known you might not have bought. Don't be sorry later, if you are a buyer and presented with CC&R's, read them!
Via Cynthia Larsen - Sonoma County CA Broker/Owner (Safe Haven Realty):
If you have ever bought or sold a property that is managed by a Home Owner's Association (HOA), you've had the opportunity to read through a document called Covenants, Conditions and Restrictions. The real estate industry calls them CC&R's for short.
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Is Your Short Sale Approval On Your HELOC Bullet Proof? - 06/07/11 05:13 AM
Is Your Short Sale Approval On Your HELOC Bullet Proof?Do you know if it will protect you from future liability if your lender decides to collect from you later?Unless the letter says “debt forgiven”, your HELOC lender could potentially chase you down after your short sale closes. Short sale sellers may find a year, or two years after their short sale, they are sent a letter to pay up. Many short sale sellers thought the short sale was behind them only to find they are pursued by either their former lender, or a collection agency.Here is a copy of my Temecula … (32 comments)

ActiveRain posts tagged with "Copyright" by Lenn. Sadly, Lenn's posts tagged with "Copyright" just reached an even 50 posts. - 06/06/11 05:38 AM
Lenn Harley is an authority on copyright laws. In this post you will read the latest, and also have at your fingertips all the posts on copyright you could ever read and know. For bloggers, or anyone posting information on the internet, copyright infringement is serious. Read on.
Via Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate):
ActiveRain posts tagged with "Copyright" by Lenn.  Sadly, posts tagged with "Copyright" just reached an even 50.  
"HEY, I WROTE THAT!!!"   With Congress revving up to make copyright infringement a criminal act, including YouTube videos, more attention … (0 comments)

Temecula Valley Short Sale Question: Can I short sale my home? - 06/05/11 01:54 PM
Temecula Valley Short Sale Question: Can I short sale my home?Question: I am not late in my mortgage payments but I can’t make next month’s payments because I don’t have the income anymore. I’ve been borrowing from my credit cards and they are maxed out. I don’t want to apply for a loan modification, but can I short sale my home?Short answer: yes.A short sale is much the same as selling your home as a standard sale. The only difference is the sale must be approved by your lender.Your lender will consider for short sale approval:
Your hardship, why can’t you … (2 comments)

Embed a Youtube Video and Spend 5 Years in Prison? It Could Happen Under SB 978 - 06/05/11 01:22 PM
Mike Saunders of Alanta, GA wrote a post on SB 978, a new bill that will imprison people for embeding youtube videos or uploading other's youtube videos on their youtube channel a CRIMINAL OFFENSE!! Do we really need this law? Maybe youtube should remove the embed html code to make it impossible for anyone to upload and share a video.
Via Mike Saunders - Athens, Ga & Surrounding Communities (Keller Williams Realty - Greater Athens):
There is a bill in the U.S. Senate, SB 978, designed to, alledgedly, increase the protection for copyright. However, what it does in effect is criminalize a lot … (2 comments)

MR. BUYER. . . DO YOU WANT TO BUY THIS FORECLOSURE OR IS YOUR KNEE JUST JERKING??? - 06/04/11 10:08 AM
If you are considering buying a Temecula Valley home, the following post by Lenn Harley explains why your offer may not be accepted, whether buying a foreclosure, short sale, or standard sale.
Via Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate):
I read an ActiveRain post this a.m. about home buyers who lose out on bank owned listings.  What the article didn't provide was information about the value of the foreclosed property for sale.   
The scenario is typical. 
1.  Buyer makes offer on listing for bank owned house for sale.2.  Bank accepts … (2 comments)

Mayberry Community Home for Sale - 3520 Morro Hill Rd, Hemet, California 92545 - 06/03/11 08:19 PM
Mayberry Community Home for Sale - 3520 Morro Hill  Rd, Hemet, California 92545Single-story home for sale in desirable Mayberry community in SW Hemet, located near Super Walmart, walking distance to West Valley High School! This home is located a 2-minute drive to Diamond Valley Lake, and all the amenities of water park, hiking, fishing, boating, and Western Center Museum and Western Center Academy Middle School. A short drive to Domenigoni Parkway, and access to I-215, this is a great location for commuter.This home features tiled flooring throughout, dual-pane tinted windows, granite kitchen countertops, gazebo/spa, outdoor patio and grass lawn.Other features:
3-car … (4 comments)

This Post Pushes Me Over 200K Points and I’m on Page One of Google! - 06/01/11 12:47 PM
This Post Pushes Me Over 200K Points and I’m on Page One of Google!All because of blogging on ActiveRain! Mine is the success story of what I set out to do last summer. In July 2010 I had about 8,000 points and I was somewhere on page 20 something for California’s leaderboard. Does it matter? It did to me then.My business hit a dip, for reasons I won’t describe. I was at a crossroads. Do I leave the business like so many agents have and were doing, or do I stick out and persevere to become the success in real estate … (22 comments)

You Lucky Dog! Bank of America is Giving Permanent Loan Mods! - 06/01/11 01:49 AM
You Lucky Dog! Bank of America is Giving Permanent Loan Mods!Stanley:    What was that? Did I hear you correctly? Bank of America is giving permanent loan modifications?!!Ollie:   No, I didn’t say Bank of America is giving loan modifications. I said Bank of America is opening up six new mortgage help centers -  One in Los Angeles, San Diego, Riverside (yahoo!)/San Bernardino, Antelope Valley, Modesto and Bakersfield.Stanley:         Then Bank of America is going to give us the loan modification that has been in review for the last three years?Ollie:   No, no, no, first things first. Bank of America has to fix … (97 comments)

 
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Pamela Seley, REALTOR® Call 951.491.4063 | Temecula Valley CA

Pamela Seley, REALTOR®

Temecula, CA

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Bassett & Associates, REALTORS®

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