What type of sales dominate the Temecula Redhawk market?
See below
If you need a Real Estate Team that understands the market, give us a call.
Real Estate Insight Team
Keller Williams
Short Sale Experts
951-572-2789
760-689-BANK (2265)



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Visit houselogic.com for more articles like this. Copyright 2010 NATIONAL ASSOCIATION OF REALTORS According to the guys at the TBWS Daily, the National Association of Mortgage Brokers conferance put to sleep the rumor that FHA down payment requirements were going to climb from 3.5% to 5%. We will update you as soon as the official statement is released. If you or someone you know is in danger of losing your home to foreclosure, call us! 760-689-BANK (2265) state your name and your situation and our team of specialist will call you for a free consulation. by Michael-Edward Cruz – California Real Estate Broker 951-572-2789 I found a promising article detailing how some lenders are beginning to shift their focus from foreclosure to short sales. Unfortunately I could not link to it on my blog due to copyright laws. Some Lenders are now considering short sales as a real solution. AFTER the mass foreclosures in 2007 – 2008, AFTER the disaster in modifications in 2009, they might finally be listening to us. I can’t really complain though. Before I worked for this team lead by Troy Huerta, 2 out 3 of my deals foreclosed! I was a typical agent throwing darts in the dark and having the closing figures to show for it. My success rate was less than 33%. Since teaming up with Troy, my success rate is an admirable 100%, so far. This year alone our team has already closed 20 transactions!!! A big part of my difficulty stemmed from my lack of planning to deal with lenders rather than the lenders not actually listening. Lenders will always find ways to make more and more money no matter what. Otherwise, how will their CEO’s be able to remodel their offices for less than $2 million? When dealing with our pre-foreclosure transactions, we focus our job on showing them that a short sale is better than a foreclosure. Most of the time a short sale is better, unfortunately it is not always easy to get the lender to understand. That is why I have teamed up with Troy Huerta from the Real Estate Insight Team at Keller Williams. Troy Huerta has been featured by Smart Money magazine (a Wall Street Journal publication) as a Power Broker. The impressive part of Mr. Huerta’s success is his fundamental understanding of the short sale process and his ability to turn nearly every transaction into a win-win-win situation for lenders, sellers, agents (and buyers). Armed with a strong lending background, Troy foresaw the market turn and did everything he could (including purchasing a local and well-established real estate office) to position himself one step ahead of the rest. The first year (June 2007 – June 2008) he had successfully closed 50+ short sales at a time when offices were folding like houses of cards and agents were being driven from their once thriving (and easy paced) careers. His understanding of how lenders work has made him the “go to guy” on short sale transactions. He has held DRE credit courses on short sales and currently designates certificate courses for agents looking to break into this market. His success has been truly amazing. He has a great team that I am lucky to be a part of. After my first experience as an REO agent, I knew that this was not the answer for me in this market. The whole experience was not worth the money I made when the sale was finalized. I went into this business to help people realize their dreams of homeownership, not contribute to the nightmare of foreclosure. I am happy with my choice to be persistent and find a way to become successful with the short sales. Most agents ran from this (sooner or later). Most of the agents I have talked to have said “It’s too much work”, ” I hate dealing with lenders” and my favorite, “they take forever to close”. I agree that they should not work on short sales. You have to love it and “get it” like we do. A comprehensive list of negotiators you’ve closed with in the past doesn’t hurt either. While our primary focus is on listings and homeowner assistance, we offer professional negotiation services to agents who can’t or don’t want to handle the negotiation portion of their transactions. Our system of short sale closings enable us to continue our success as things get “easier”. WITH LENDERS WORKING WITH US + OUR SUCCESS WHEN THEY WERE NOT = THE ABILITY TO HELP AS MANY PEOPLE AS POSSIBLE IN 2010 Are you late on your mortgage? Do you have an NOD and are in danger of foreclosure? Do you know someone who is struggling to make ends meet? Is the loan modification game getting you tired and at greater risk of foreclosure? CALL THE NUMBERS BELOW, LEAVE A MESSAGE WITH YOUR SITUATION AND A SPECIALIST WILL CALL YOU TO DISCUSS YOUR OPTIONS North San Diego County – 760-420-5498 – http://lenderhelpinc.com South Orange County – 949-630-9743 – http://shortsalemc.com South Riverside County – 951-BANK-GIRL – http://livinginharveston.com from pablos77 at msn.com forum
They posted the following
” I started to get a mod from Citi in March of 09. The first two slimes told me that if I was current on the payments they wouldn’t work with me. I couldn’t believe they would tell me that so after the first one I recorded all my calls. The second time I talked to the 2nd slime that I had originally talked to she said she would NEVER have told me not to stop my payments and the best way to avoid foreclosure was to get caught up on my payments - two months late due to their advice. Same voice- same slimeball- lying through her slimy teeth. The next episode after trying for two months to get someone to follow through on the fact that they said they were going to modify the loan in two weeks ( two months ago starting in March) was the Obama HAM trial payment plan that we were “qualified” for due to lack of employment, interest only loan, and the house being upside down to the tune of about $150,000. All we had to due was make the three “trial” payments of the new amount and at the end of three months they would change the payment to the same amount. Three months later after making the payments on time with cashiers checks– I saved all the copies, the mail receipts, the signature pages from the slimy reps that got the checks- all well before the due dates. After the three months payments were all sent in the slime ball Citi mortgage told me that they couldn’t change the loan to the “trail” payment amount cause the “investor” wasn’t participating in the Obama HAM program. When I asked them why they didn’t know that prior to “qualifying” me for the loan and taking my money they hemmed and hawed and said they didn’t know. What they didn’t know that I knew was that THEY ARE THE INVESTOR. Pretty funny huh? After hiring a lawyer and threatening them with a lawsuit for illegal fair trade violations, fraud, and a few other items and letting them hear some of the tapes ( I have about 20 hours of lies, diversions, and flimflam crap), they modified the loan to be $160 less per month after I agreed to not sue them and to never use the evidence against them on a special form I think they made just for me. They added fees, interest, and other misc. who knows what onto our loan to the tune of $35,000.00. So bottom line- to save a total of $4000.00 over 5 years it is gonna cost us $31,000.00 added to our principal. LOL. Can you believe this ? The real problem of course is that the same bank- Citi- that originally appraised the house and gave us the mortgage now won’t refinance it because we were late with the payments (that they said to be late with and ruined our 700 credit scores) , and the house is upside down so they wouldn’t do it even if our credit scores were in the good range. Screw them. We are gonna live in the house as long as possible without paying for it. I’ve already found several sellers with really nice houses that are willing to carry us at 5.5 – 6.0 % for at least 8 years ( time to get our credit scores straightened out- like that really makes a difference) and get this all behind us with a payment that is a third of our old one and granted the house isn’t quite the same, but I’m sleeping at night and we have a nice new place to live that is very affordable. So I hope somebody else recorded all their calls with the bank and if so, I still have mine and would be happy to pass them on to anyone that might be interested in exposing the rat **** for the slime that they are and the scam they have pulled on the American taxpayers.”
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Pretty frustrating experiences, instead of letting the home go into foreclosure they should have gone the short sale route though. Still this is pretty much the feeling out there in many households looking avoid being victims of these very powerful institutions.
If you or someone you know are having difficulty paying for you home call us Troy Huerta (Short Sale Team Leader for California) 951-572-2789 South Riverside County – Temecula Redhawk – Home Office I have personally helped many people modify their home loan. But with so many predators out there the State of California made it illegal to charge for these services. Still when people try and do this on there own it takes a toll on them. Their is no way to guarantee anyone that a modification will work. We simply showed people our results. Ironically many people we helped eventually realized that modifications didn’t really help them in the long run. Many people later decided to short sale. I have two like this right now. Another thing they don’t tell you is that you will miss out on many incentives and tax breaks to short sale now. As well you can in some cases get a home loan a day after you short sale your property. So to me modifications suck !!! still here is an interesting article I found on what is accurately headlined as If you or someone you know are having difficulty paying for you home call us Troy Huerta (Short Sale Team Leader for California) Michael-Edward (Short Sale Specialist) 951-572-2789 South Riverside County – Temecula Redhawk – Home Office I personally do not use credit cards any longer. I would rather deal with the mob when borrowing money. At least they kiss you before they _ _ _ _ you. Here is an interesting article I found that illustrates the banks creative way to boost profits, even with Government intervention. Like I keep telling people, all this would stop if we as consumers would just stop using their services. Remember they are not forcing you to use them. I will say that next time they come looking for a bail out say HELL NO! They can afford it! CREDIT CARDS AND THE LOVELY BONUSES FOR THE CONSUMER If you or someone you know are having difficulty paying for you home call us Troy Huerta (Short Sale Team Leader for California) Michael-Edward (Short Sale Specialist) 951-572-2789 South Riverside County – Temecula Redhawk – Home Office With Banks coming out on top with the bail out money, making BILLIONS on ridiculous overdraft fees that hurt those weakest to fight back and being able to make a double profit on foreclosure by buying other banks bad debt cheaper then getting government money…… You would think that they would at least stick to foreclosing on homes they owned. The story below shows the power and arrogance that is Bank of America. BANK OF AMERICA – THE NEW EVIL EMPIRE If you or someone you know is in danger of losing your home to foreclosure, don’t deal with them on your own. Get expert help, call us today. Michael-Edward Cruz Troy Huerta |
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Michael-Edward Cruz Broker License 01758933 Office 951-572-2789 - Email: mail@mikerebroker.com
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