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The Norris Group specializes in California real estate investor education, is an active investment company, and a hard money lender providing over $250 million in private funds to investors since 1997
RIVERSIDE SHORT SALE AGENTS
HELP AVOID FORECLOSURE
Don't make the biggest mistake ever... Do not let the bank
foreclose on your Riverside home!
Loan modification is a temporary fix and can still leave you
with negative equity.
A BETTER SOLUTION IS TO
SHORT SALE YOUR RIVERSIDE HOUSE
A short sale can let your deficiency be forgiven
In most cases a short sale can leave you with no tax
liability
Our short sale real estate services are at no cost to you
And we can help you get out of your bad situation
Don't be fooled! The bank will come after you and foreclose your
Riverside house. They may even be able to get a judgment against
you AFTER the foreclosure for the negative deficiency, which could
be tens of thousands of dollars! But what is the difference between
a foreclosure and a short sale? Here are your options of
foreclosure vs. short sale:
CREDIT SCORE:
A foreclosure will slash your credit score as much as 250
points or more, and can affect your credit for a minimum of 5 years
or more!!!
But a short sale only affects your credit score with the late
or missed mortgage payments. The credit bureaus will report PAID or
NEGOTIATED if you short sale.Your credit score will not be lowered
as much with a short sale.
CREDIT HISTORY:
A foreclosure will remain as public recorded on your credit
report for 10 years or more.
A short sale is not reported on a person's credit history.
There is no specific SHORT SALE term and is most cases is reported
as PAID, SETTLED or NEGOTIATED.
FUTURE MORTGAGE LOANS:
If your credit report contains a foreclosure, most home
mortgage lending institutions will consider you ineligible to
purchase for 5 years or more.
If you successfully negotiate a short sale of your Riverside
property you may be eligible for a mortgage loan and purchase a new
home in as little as 2 years.
DEFICIENCY JUDGMENTS:
Banks have the right to pursue a deficiency balance if your
foreclosed loan was not a purchase money loan (If you received any
money for anything other than the purchase of your house, also
called a hard money loan).
In a successful short sale it may be possible to negotiate with
the bank to release you of any deficiency balance and avoid any
future judgments against you.
IMPORTANT DISCLOSURE in
compliance with the FEDERAL TRADE COMMISSION ("FTC") MORTGAGE
ASSISTANCE RELIEF SERVICE ("MARS"): Before using this service,
consider the following information - Coldwell Banker Kivett-Teeters
Associates are not associated with the government and our services
are not approved by the government. Seller acknowledges that the
Broker/Agent is not qualified to provide financial, legal or tax
advice regarding short sale transactions. Therefore, the seller is
advised to obtain professional tax advice and consult independent
legal counsel immediately regarding the tax implications and
advisability of entering into a short sale agreement with their
lender/servicer. If you stop paying your mortgage, you could lose
your home and damage your credit rating.
Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572 (Century 21 Award)
Today is Flag
Day.
Whenever I think about the flag of the United States of America, I
can't help but think about all the military personnel who fight to
make Old Glory stand for something great. Not average. Not like
everyone else. Great!
Just a hundred miles north northeast of downtown San Diego is the
Riverside National Cemetery where my father is buried, the March
Air Reserve Base, and the March Field Air Museum.
Along with over 70 historic aircraft on the grounds, its location
right next to March Air Reserve Base means that you could sit there
all day and watch various modern aircraft take off and land. While
I was there I saw the biggest airplane I've ever seen take off,
circle around, and land. Seemed like a waste of gas, but quality
training time for those who are willing to fight to keep our nation
and flag safe is not cheap.
I have no
idea what the name of that type of plane is, but I think you could
have put a ten-story building inside that thing, standing upright!
When it was on the ground, it's wings bent downward, but when it
was in flight, the wings were very much horizontal. As it
took off and landed, you could see the wings visibly lifting from
the rush of air beneath them. Weird, but it just seems to me that
you really don't want wings bending on an airplane....
I'm not familiar enough with aircraft to know their names, numbers,
and fighting functions, but just walking around seeing how
technology has changed flight was a great way to spend the
afternoon.
There were a few things that I saw and was familiar with due to
their presence in movies and on the news, such as a Minuteman ICBM
and a B17G Flying Fortress.
Of course, we took lots of pictures, so I've chosen the best to put
in a 28-picture slide show. Hope you enjoy it. I know all you
military people will.
Calling all cats. Calling all
cats. — Please put a picture of your cats in this post. We're
trying to get as many cat pictures as possible by the end of
2010.
Yesterday,
I took my son out to eat lunch at a fabulous little place called
Jason's Deli. This great little find is located
at 2555 Canyon Springs Parkway on the border of Riverside
and Moreno Valley, near March Air Reserve Base. When
we went yesterday, many of the soldiers that work at March ARB
happened to be eating there as well. We managed to beat the
lunch crowd by arriving a little earlier than noon. But,
right after we got there, the line wound around the back
wall. My parents always like to eat here when they come into
town and, pull my arm, I take them there. They have franchises all over the country. They have also
been named as one of the most healthy menus around by Parents
magazine thanks to their use of organic food whenever
possible. I've had their Turkey Wrap, potato cheese soup,
Sergeant Pepper Po'boy and, yesterday, settled in for their salad
bar. My son absolutely adores their MeataBalla Po'boy.
When my son was finished, he proclaimed "I'm not
light-headed. I'm heavy-stomached" while patting his bulging
(well, bulging for the stick figure of a kid he is)
belly.
Classic car enthusiasts should stop by our local Jason's Deli
this Friday, June 26th from 5-8pm to see some
amazingly restored classic cars in all their beauty. You get
to enjoy the music of the 50's, 60's and 70's as well as awards,
raffles and a 50/50 drawing.
Also, Jason's Deli is offering a "Kids eat FREE on
Sundays" deal for all kids accompanied by a parent or
guardian. Kids get to pick any meal off of the JR menu and
the offer is limited to one JR meal per child per dine in
visit. The laid back atmosphere allows you to get a big group
of people together for Sunday brunch without causing a big fuss or
hassle. Just push a few tables together and you can get the
party started. So, come on down so you can be
"heavy-stomached", too. You won't regret it!
***The photo used in this post is my very own
work. But, if you like it, feel free to use it any way you
wish. If you really like it, make sure to mention where you
got it from when you use it. Thanks***