Market Analysis from the Professionals

Mortgage and Lending with Sun Pacific Mortgage and Real Estate BRE#01014873/NMLS#361315

These are some good market updates from professionals in the respective industries:

“If activity is sustained near present levels, existing-home sales will see their best performance in five years. Based on all the factors in the current market, that’s what we’re expecting with sales rising seven to ten percent in 2012” ~ Lawrence Yun (NAR Chief Economist)


“Stabilizing in the U.S. housing fundamentals is creating an attractive investment opportunity. Many of the ingredients are in place for continued improvement in housing” ~ Goldman Sachs Group


“Hard Money loans are increasing in popularity due to their being reasonable with today’s Buyers and Borrowers.  Below is a Hard Money Purchase Scenario and the Hard Money Loan Program for the Buyer: 


Buyers are selling their home on a short sale and have saved up all the payments they did not make on their home being sold for the past 11 months.  They had 2 rental properties that were foreclosed upon.  The home they are selling is in contract for $310,000.  They paid $605,000 for it in June 2006.  They owed $484,000 and their monthly payment including taxes and insurance was $3,614.  Their current lender would not allow a loan modification as they could not demonstrate any hardship.  Both the husband and wife work and they make pretty good money between them. 


          Their favorite Real Estate Agent found them a home in their same neighborhood for $325,000.  The home had been recently remodeled.  They put 35% down and got a Hard Money Loan for $211,250.  The interest rate was 12% APR 12.698% interest only for 85 months (7 years and 1 month).  At the end of the 7 years there would be a balloon payment.  There was no prepayment penalty. They paid 3.5% as a Loan Origination Fee, $895 Processing Fee and $295 for Document Preparation as well as escrow and title fees.


          Their interest only monthly payment for the loan was $2,112.  Property taxes were $338 and insurance was $70.  Total payment was $2,520.  The appeal to these Buyers was that their kids did not have to change schools, their payment went down $1,094 and they got their attention off the impending foreclosure.~ Forest, Guy In The White Hat Hard Money Broker


Now is the time to think about getting in on deals like this while the market is on the rise. All you Homebuyers and Investors out there should know that increase in value on a home can only mean higher return for yourself. Give us a call today and talk about your options as a real estate investor! (707) 523.2099


Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate.  Serving Sonoma County since 1988.  Her number is (707)523-2099 and you can also visit our redesigned website at Also be sure to like us on facebook! Click this link! 

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Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

Sellers really need to be educated about the deliterious effect of short sales.  They ruin the seller's credit for years to come.

Jun 14, 2012 08:19 AM #1
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Lynn Tardibuono

Sun Pacific Mortgage and Real Estate
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