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Dear Diary, My Passion Is… - 02/23/09 01:55 AM
Real Estate! Of Course I have other passions such as my Faith, my Family, Paddling, Sailing or just being on, in or under the Pacific Ocean, Photography, Interior Designs, Psychology. ..I could go on BUT Real Estate is my ultimate passion. There are so many avenues in this business; I can literally see myself doing this for the rest of my life. Now...it all makes sense!
Real Estate [ree-uhl, reel] - noun
Property, esp. in land: three acres of real estate. Real property Real Property [ree-uhl, reel] - noun Law.
Property consisting of houses and land An estate or property consisting … (4 comments)
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Coachella Valley's Real Estate Market (Dissected) - 02/20/09 12:02 AM
Welcome to the Coachella Valley! Home to famous cities such as Palm Springs, Indian Wells, La Quinta & Indio. Whether you're thinking about investing here, already have, or are a Full-Time Resident - this post is for you! We want you to know and understand what's happening here. Hopfully you find it helpful! Please let us know if you have any questions or would like further information, we would be more then happy to assist!
A spin-off from our good friend Mirela Monte and her Fabulous blog titled: Snapshot of the Real Estate Market we thought it would be easiest to respond via blog post - … (1 comments)
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California Insurance Code Section 12404 ~ Senate Bill No. 133 ("SB 133") - 02/19/09 03:42 PM
As you may be aware, on September 25, 2008, the Governor of California signed Senate Bill No. 133 ("SB 133"), which was effective January 1, 2009. This new legislation instituted a program for the California Department of Insurance to register, regulate and monitor title company sales representatives to address what the legislation referred to as the "problem of illegal rebates and inducements dispensed by title marketing representatives."
The changes to California Insurance Code Section 12404 under SB 133 impact existing title company's sales practices. In addition, there are severe penalties imposed upon a title sales representative (also known as a … (6 comments)
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Homeowner Affordability and Stability Plan - 02/18/09 08:54 PM
To view the Executive Summary of the new plan proposed by the President, Click Here: Homeowner Affordability and Stability Plan: Executive Summary.
We'll keep you updated on the Homeowner Affordability and Stability Plan as more details and information become available to us. Below is a very informative note from our 2009 C.A.R. President, James Liptak we encourage you all to read. ..
Feb. 18, 2009Dear Pederson Properties,Earlier today, President Obama unveiled the Homeowner Affordability and Stability Plan, which will offer assistance to as many as 9 million homeowners, while attempting to prevent the destructive impact of foreclosures on families and communities.The plan contains three … (1 comments)
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Swami's Cafe in Encinitas, California - 02/17/09 05:46 PM
Here we go again, shocking ourselves with our open and honest - yet prideful gesture of letting you all know where you should with out a doubt stop by if you're in the beautiful San Diego area!
Swami's has been an [Encinitas] Local hangout for as long as we can remember. Whether you're stopping by for a quick cup of java before work, a smoothie between errands or refueling after an exhaustive tanning or surf session - Swami's takes care of you & your friends. With a casual and comforting (outside) ambiance, smiling hosts and talented Chef's, Swami's offers a broad menu which accommodates everyone's … (3 comments)
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A Reminder of "Good Funds Law" - 02/17/09 02:36 PM
A Reminder of "Good Funds Law"
The practices under the "Good Funds Law" will remain substantially the same except that the date of disbursing funds is now specifically governed by statute.
The law reenacts the requirements that checks be deposited prior to disbursement. In addition, the actual day we disburse funds us governed by the type of funds we have deposited into our account.
We intend to follow the disbursement schedule of the "Good Funds Law" and the guidelines set forth by our underwriters. We will be able to do the following:
1. Disburse-funds the same day as our … (0 comments)
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Mozy's Cafe in Encinitas/Leucadia California - 02/16/09 06:29 PM
We've found ourselves quite furtive when it comes to local favorites. Not sure why - maybe because we frequent these locations or simply because we've been selfish?! Whatever the reason it's taken us this long to share, we'd like all our readers to know about [our] best kept secret in Leucadia, California.
Mozy's is located at 698 N. Coast Hwy - at the cusp of Encinitas and is a must visit for breakfast, lunch or dinner! If you're visiting California and find yourself cruising the Coast Highway, you can't miss it. Whether you're in dire straights for a morning jolt, or need something to fill your … (6 comments)
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Short Sale FAQ's - 02/15/09 11:40 AM
Frequently Asked Questions
Short Sales
1. What is a short sale?
A short sale* is a transaction in which the seller's lender agrees to accept a payoff of less than the balance due on the loan. In addition to absorbing any loss on the loan, the lender in most cases agrees to pay the costs of the sale.
2. How long does the average short sale take?
It can take anywhere from 28 days to six months once the lender receives a signed offer from both the buyer and seller. The process frequently moves slowly. Currently, many lenders are working … (8 comments)
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Hotmail on your Cell Phone!! - 02/14/09 06:33 PM
Today I was (finally) catching up on some old & new emails from my hotmail account - and discovered a new link at the top of the page which read, "Read Our Blog". It completely threw me off from whatever I was doing (reading a forward no doubt), because I don't remember the link being there and more importantly their latest blog had me singing to the Heavens!
Hotmail was my first email account when email was first created - so I'm definitely biased when it comes to any other free email accounts out there. With so many options, I still don't … (2 comments)
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The Stimulus Package & Hawai'i. .. - 02/14/09 03:09 PM
Hawaii is in line for a fiscal shot in the arm of about $942 million for roads, education, Medicaid and other expenses out of the compromise federal stimulus bill, according to an analysis by groups representing governors and state legislatures.
The money in the stimulus measure, which has been approved by both houses of Congress yesterday evening, will go a long way toward helping Hawaii deal with a budget gap of $81 million in the current fiscal year that ends June 30 and another chasm of more than $1 billion in the next fiscal year.
The state will receive $360 million … (1 comments)
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Senate Passes Stimulus Package (By 60 To 38 Vote) - 02/14/09 02:25 PM
Late yesterday evening, the U.S. Senate passed the American Recovery and Reinvestment Act of 2009 by a 60 to 38 vote. Earlier yesterday, the stimulus package passed the U.S. House of Representatives in a 246 to 183 vote. Yesterday's votes followed several days of negotiations by the House, Senate, and White House, with the final tab for the stimulus bill coming in at $787.2 billion.On the housing front, the good news is that the legislation resets the conforming loan limit cap at $729,750, up from $625,500. Numerous counties in California experienced a marked decrease in their conforming loan and FHA limits on Jan. … (2 comments)
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Snag a great deal on a Short Sale - 02/07/09 02:49 AM
As more homeowners find themselves underwater -- owing more on their mortgage than their home is currently worth -- and unable to make the monthly mortgage payments, many are turning to short sales, which allows a homeowner to sell their home for less than owed on the mortgage. With the lender's approval, home buyers can purchase properties in desirable neighborhoods and at favorable prices.
• According to real estate Web site Zillow.com, 14 percent of homeowners nationwide are currently underwater. In some areas, especially those hardest-hit by foreclosures that have experienced the greatest price declines, more than 50 percent of homeowners would … (6 comments)
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Paxil in the Pipes?! - 02/07/09 02:17 AM
For years, doctors advised patients to flush unused or outdated medications down the toilet. Today, scientists are urging us stop this practice because waste water treatment plants cannot remove these substances, and everything from hormones to codeine have been detected in streams and lakes. The health risks to animals and humans remain unclear. For guidelines for safe disposal of medications, visit http://nodrugsdownthedrain.com/disposal.html.
… (6 comments)
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Property Tax Reduction SCAM ALERT - 02/07/09 02:09 AM
The Los Angeles County Assessor's office is alerting homeowners that various private companies are sending mailings to property owners offering their services to pursue a reduction in the owner's property taxes. The companies may charge hundreds of dollars to file for a reduction in value on behalf of the property owner. Some companies also are imposing late fees if the application is received after an arbitrary deadline. Solicitations from private companies offering to pursue a reduction in property taxes must clearly indicate that they are NOT a government agency and that their services are NOT approved or endorsed by any government … (0 comments)
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Where's the Consumer Confidence?!! - 02/07/09 02:00 AM
Consumer confidence fell in January to a new historic low and now stands at 37.7 (1985=100), down from 38.6 in December, according to the most recent Conference Board report. The Present Situation Index declined slightly to 29.9 in January compared with 30.2 the previous month and the Expectations Index declined from to 43.0 from 44.2 in December.Until we begin to see considerable improvements in the Expectations Index, we can't say that the worst of times are behind us.. ..HOWEVER, we can find the positives in all these 'negatives' and use them to our advantage. Don't get sucked into the Media/News - according … (2 comments)
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Freddie Mac Launches New Workout Plan for High-Risk Loans.. . - 02/07/09 01:48 AM
Freddie Mac announced February 3rd a new Workout Strategy For High Risk Loans pilot program designed to keep more at-risk borrowers in their homes by employing third-party servicers that specialize in servicing Alt-A and other types of higher risk mortgages.Under the new pilot, a selected portfolio of higher risk mortgages that is at least 60 days delinquent will be given to a specialty servicer for intensive attention using the full range of Freddie Mac workout opportunities, including the Streamlined Modification Program developed with the Federal Housing Finance Agency, Fannie Mae, and the HOPE Now Alliance, according to a Freddie Mac statement.Initially, … (2 comments)
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Fannie & Freddie Extend Eviction Suspension Through February 28th. .. - 02/07/09 01:38 AM
Fannie Mae announced Friday it will extend its suspension of evictions from Fannie Mae-owned single-family properties through Feb. 28. The suspension applies to all single-family properties, including owner-occupied properties that have been foreclosed upon as well as foreclosed properties occupied by renters. Freddie Mac also issued a similar announcement suspending evictions through Feb. 28.The company this month began implementing its National Real Estate Owned (REO) Rental Policy that allows qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. The new policy applies to renters occupying any type of single-family foreclosed properties at the time Fannie Mae acquires the … (0 comments)
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Happy GroundHog Day!! - 02/02/09 08:46 PM
Another 6 Weeks of Winter...
The Legend According to legend, if Punxsutawney Phil sees his shadow, there will be six more weeks of winter weather. If he does not see his shadow, there will be an early spring. Great News! Punxsutawney Phil, the Grand Master Groundhog saw his shadow at Sunrise this morning at Gobbler's Knob in Punxsutawney Pennsylvania. This means we will have six more weeks of Winter. Not good news for those in attendance at the ceremony where it was 20 degrees and partly cloudy. But here in California it's blue skies, sunny and warm. Our winter visitors are … (5 comments)
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A Perspective. ..Speechless Sunday ~ San Diego, California - 02/01/09 11:05 PM
… (11 comments)
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Pederson Properties, Inc.
La Quinta,
CA
More about me…
HK Lane La Quinta & Prudential Maui Realtors
Address: 78-100 Main Street Suite 108, La Quinta, CA, 92253
Office Phone: (760) 834-7500 x 4900
Cell Phone: (760) 575-4847
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