Real Estate Short Sale News and Info » Orange County

FREE FORECLOSURE LIST – Carlsbad Real Estate and Carlsbad Homes For Sale | Carlsbad Short Sales – Carlsbad Bank Owned – Carlsbad Homes in Foreclosure

Michael-Edward Cruz — Thu, 09 Dec 2010 02:31:15 +0000

FREE FORECLOSURE LIST – Carlsbad Real Estate and Carlsbad Homes For Sale | Carlsbad Short Sales – Carlsbad Bank Owned – Carlsbad Homes in Foreclosure

I am here to help you get your free foreclosure and pre-foreclosure list. Whether you are homeowner in Carlsbad who would like to know if his house is in foreclosure or whether you are an investor looking to buy a home in Carlsbad CA.

Michael-Edward Cruz
Solutions Real Estate
Broker Associate 01758933
www.mikerebroker.com
1-800-374-9110 Ext.1

Short Sales Suck ! – Carlsbad Real Estate – Short Sales | Bank Owned | New Homes |Realtor

Michael-Edward Cruz — Thu, 02 Dec 2010 05:38:46 +0000

Carlsbad Real Estate | Short Sale Week | Short Sales do Sell

Short Sales Suck! Right?

Why in the world would anyone buy a short sale?

It’s a waste of time! Right?

WRONG!

WE COLLECTED DATA OF SHORT SALES THAT SOLD IN THE LAST 60 DAYS FROM ONLY 1 CITY ! THERE WERE 39 SALES!

Remember BAD news travels faster than good. We are here to help you find the home of your dreams, whether its a SHORT SALE, FORECLOSURE or NEW HOME IN CARLSBAD CALIFORNIA

GET YOUR HOME SEARCH STARTED TODAY, HERE ARE TWO FREE OPTIONS

Carlsbad Short Sale News | Foreclosure activity rises 65 Percent in Q3

Michael-Edward Cruz — Thu, 18 Nov 2010 04:36:11 +0000

Foreclosure activity increased 65 percent nationwide year-over-year, according to RealtyTrac’s Q3 2010 Metropolitan Foreclosure Market Report. The report showed that cities in California, Florida, Nevada, and Arizona once again accounted for all top 10 foreclosure rates in the third quarter among metropolitan areas with a population of 200,000 or more, while cities outside those four states accounted for many of the biggest increases in metro foreclosure activity. California, Florida, Nevada, and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates.

With one in every 36 housing units receiving a foreclosure filing during the third quarter, Modesto, Calif., posted the nation’s third highest metro foreclosure rate, despite a nearly 18 percent decrease in foreclosure activity from the third quarter of 2009. Other California metro areas in the top 10 were Stockton at No. 4; Merced at No. 5; Riverside-San Bernardino-Ontario at No. 6; Bakersfield at No. 9; and Vallejo-Fairfield at No. 10, according to the report.

A total of 48,849 properties in Los Angeles-Long Beach-Santa Ana area received a foreclosure filing in the third quarter, the second highest metro total, despite a nearly 3 percent decrease from the previous quarter and a nearly 30 percent decrease from the third quarter of 2009

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Michael-Edward Cruz (Broker) delivers real estate information for North San Diego, South Orange and South Riverside Counties. If you need to know about your real estate market for Carlsbad, Aviara, Bressi Ranch, La Costa, San Clemente, Talega, Shorecliffs, The Reserve, Temecula, Red Hawk, Wine Country. If you live outside these areas and need help with an agent referral we can help you.

Michael-Edward Cruz
California Real Estate Broker 01758933
www.mikerebroker.com
www.shortsalemc.com
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Record California Foreclosures Result In More Bank Short Sale Woes

Michael-Edward Cruz — Tue, 16 Nov 2010 06:03:15 +0000

Record California Foreclosures Result in More Bank Short Sale Woes

With an ever increasing number of foreclosures happening daily across the country, it’s only a matter of time before tax payers will likely be forced to pick up the tab for bank short sale mishaps related to top ranking California foreclosures.

My name is Michael-Edward Cruz, if you enjoyed this article then visit my facebook fan page and subscribe. I will continue to post related stories from other writers or my own about the real estate market.

We are based in Carlsbad California and have a network of agents all over Southern California.

Michael-Edward Cruz
Independent California Broker 01758933
800-374-9110 Ext 1
www.mikeREbroker.com
mikerebroker@gmail.com <— NEW EMAIL
Follow me on www.twitter.com/mikerebroker
Facebook

Taking a bath inside the real estate bubble

Michael-Edward Cruz — Tue, 16 Nov 2010 05:36:01 +0000

By Scott Dickensheets

Monday, Nov. 15, 2010 | 2 a.m.

In 2004, two years before I bought my house, a website urged real estate investors thusly: “It is important that investors make their investments as soon as possible. This is because Las Vegas is growing and expanding at a scorching pace.”

In 2005, one year before I bought my house, Ken Jones of something called the Institute of Real Estate Technologies was — in a document on greatlasvegashomes.com — dismissing fears of a bursting real estate bubble: “However, there is no rationale or fact-based reasoning being put forth to support this fear; just that ‘prices are too high.’ ”

To get access to this or more create article click visit my Facebook Fan Page and hit the LIKE button

Michael-Edward Cruz
Independent California Broker 01758933
800-374-9110 Ext 1
www.mikeREbroker.com
Follow me on www.twitter.com/mikerebroker
Facebook

Ride the foreclosure wave!

Michael-Edward Cruz — Wed, 29 Sep 2010 04:48:16 +0000

Foreclosures are on the rise, now that banks are tired of pretending to modify loans. Lenders finally start to release this inventory. Now that summer is over, they are looking to get rid of as many properties are possible.

If you or someone you know is thinking about short selling their home or buying a new one call the best today.
Michael-Edward Cruz
Broker License 01758933′
800-374-9110 Ext.1

Seller Financing

Michael-Edward Cruz — Wed, 22 Sep 2010 17:37:59 +0000

Seller Financing

Just received an email from Kristen Babiraci, Title Officer with USA National Title in So OC. It had great information for the public so I wanted to share it with you all.

Hi Michael!

Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions know – you better know about lender’s title insurance.
It’s time to sell your $150,000 home, a home that you have owned for fifteen years, a home in which you have substantial equity. The loan terms call for a $20,000 down payment from your buyer, a new $100,000 loan from a local savings and loan, and for you, the seller, to carry back a note for the remaining $30,000.

Will you, the seller, need title insurance?

Yes, you will. Everyone who retains an interest in the property needs title insurance. When you took on the role of lender, you retained a record title interest which you will want to protect for the term of the loan.

But, why would you need lender’s title insurance when the repayment of your loan is assured by a lien in the form of a recorded deed of trust against the property? What could possibly go wrong?

You must insure yourself for the same reason that financial institutions obtain title insurance – for the protection of your investment. You must be assured that your lien on the property cannot be defeated by a prior lien or other interest in the property, which, if exercised, would wipe out your security.

Anything that involves the new buyer’s ownership rights to the property is of direct interest to you because you are holding the second mortgage. If such ownership rights are in question or defective, you may have trouble collecting your monthly mortgage payments. But, you say, there is nothing in your property’s history that could cause problems: no problems with easements, no problems with boundaries, no problems with rights-of-way.

Contrary to what may be popular belief, these matters are not the only source of title problems; a large proportion of title problems arise out of man’s interaction with man. The fact of a marriage, a divorce, a death, a forgery, a judgement for money damages, a failure to pay state or federal taxes – these occurrences can and usually will affect your rights as a mortgage lender.

As an example of what can befall the lender, did you know that a federal tax lien recorded against your “buyer” before the loan transaction is concluded may result in the loss of security in “your” home?Sophisticated mortgage lenders are aware of this possibility as well as many others which could jeopardize their loan security and seek the protection afforded by a lender’s title insurance policy.

If you are considering carrying back a second, be sure to get all the facts regarding the benefits of lender’s title insurance.

USA National Title Company will be happy to provide the information you need.
Warm regards,

Kristen Babiracki
USA National Title Co.
(949)280-3619

Are you in danger of losing your home to foreclosure? Why not rent?

Michael-Edward Cruz — Thu, 20 May 2010 00:42:53 +0000

For what you pay for (or are not paying) on small home, you could rent a mini mansionExample: This home is in San Bernardino County the mortgage is 399,000. With a 7 % interest rate the payment is about$ 2654.55. plus taxes and insurance $3150 per month. Its now worth about 130,000

They may never modify the loan. Even though they make you think they will. So instead, why not short sale your home and rent a nicer home?

For the same price your could be living here

Your loan is $399,000 the home is worth #130,000

Obviously if your not paying your mortgage their is a good reason. The point I am trying to make is you have to be smart and know that you can recover from situations like this and sometimes it does not make sense to get lured into ideas that will not work. I have met many homeowners who have been told they might qualify for a modification. Only to find out they were just acting like they wanted to help.

When you ready to get back to happiness, call us and we will help you short sale your property.

Michael-Edward Cruz
01758933
760-689-BANK

Learn About Tax Credit for Homeowners

Michael-Edward Cruz — Mon, 01 Mar 2010 14:07:33 +0000

Tax Credits for Solar Water Heaters

A federal tax credit makes energy-efficient solar water heaters a more affordable and sustainable option for many homeowners. Read
Tax Credits for Replacing Heating and Cooling Systems

Upgrading to an energy-efficient heating and cooling system can save hundreds on your utility bills and earn you a tax credit worth as much as $1,500. Read
Tax Credits for Replacing Your Roof

Replacing your roof with a qualifying energy-efficient metal or asphalt roof can cut your cooling bill and earn you a $1,500 tax credit. Read
Tax Credits for Adding or Replacing Insulation

A federal tax credit makes adding insulation an even cheaper way to improve your home’s energy efficiency and cut your heating and cooling bills. Read
Tax Credits for Replacing Windows, Doors, and Skylights

If money seems to be escaping through drafty windows, doors, and skylights, this federal tax credit might make energy-efficient replacements more affordable. Read

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