Ad claims that this listing has the best lot in the Bay Collection! With Ocean Views and 100% back yard privacy…hmm I think we need to see this for ourselves. Call for private tour of this and others Carlsbad Homes. Click link above for more info.
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz
Broker Associate with Windermere Real Estate Socal
Lic 01758933
1-800-374-9110 www.SearchAvairaCarlsbad.com
This 3 bedroom 3 bath home in Carlsbad is walking distance from the beach, shopping and restaurants ! Do I need to say more? Click on the link above for more info. To tour this home or others just call me.
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz Broker Associate with Windermere Real Estate Socal Lic 01758933 1-800-374-9110 www.SearchAvairaCarlsbad.com
Do you want an Ocean view condo? How about one with walking distance to the beach. Check out this amazing condo that just listed in Carlsbad California. For a tour call me.
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz Broker Associate with Windermere Real Estate Socal Lic 01758933 1-800-374-9110 www.mikerebroker.com
This home has panoramic views of the Carlsbad Hills, stainless steel appliances, hardwood floors, a great floor plan and best of all this home has 0 HOA fee. To tour this new listing call me today!
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz Broker Associate with Windermere Real Estate Socal Lic 01758933 1-800-374-9110 www.mikerebroker.com
Location, location, location… This condo is located in La Costa with it’s Ocean breeze, golf courses and great lifestyle. Here is your chance to buy for investment or pleasure.
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz Broker Associate with Windermere Real Estate Socal Lic 01758933 1-800-374-9110 www.mikerebroker.com
Here is a new listing in the Tanglewood area of Carlsbad, This home is a perfect investment opportunity because it is listed as a short sale and is a very affordable price for what rents demand in this area. First time home buyers can also benefit from this great price for Carlsbad real estate. I am short sale certified and can help you buy this home, Call me to make an appointment today J.
Call me before it’s gone!
As a Carlsbad Realtor, I can help you find the perfect home today. Interest Rates are at an all time low.
Have a specific search in mind? Contact me today.
1-800-374-9110
Michael-Edward Cruz
Broker Associate with Windermere Real Estate Socal
Lic 01758933
1-800-374-9110 www.mikerebroker.com
We just closed another short sale in Oceanside California!
Amazingly, our client asked that we tell her story and share it with other people in her situation.
About 18 months ago our client and her husband experienced a medical hardship, and after exhausting their savings , they found themselves unable to make their mortgage payments. Once they could no longer make the payments they decided to call the lender and ask for help. Time and time again, they felt ignored and unsure of the process. Without anyone to refer them they decided to google it. Our client did some research online and found a company that told them they could help them with a deed in lieu for $2,500.
This was serious money for them but they felt that it was there only choice to settle with the bank. Even though a deed in lieu is a voluntary foreclosure they were told that it was better for them to go this route. Many months passed and eventually they realized that the money was gone. Worse yet, almost 10 months had passed and still nothing had been resolved. She then heard about an attorney who claimed he had the power to help people in foreclosure. So, $4,000 later, all they had learned is that she could do a short sale or wait for the bank to foreclose.
Does this sound like your situation ?
During this time the home across the street was also in foreclosure, and they too had left the house vacant. This home was broken into by teenagers who burned it to the ground. Frustrated and worried, she looked online once more and searched for Carlsbad Short Sale Expert, this is how she found me, how I am not sure but she did.. She liked the information on my sitewww.shortsalemc.com and decided to let me help her.
When I looked at the file I felt that this file was doomed, the file had the following red flags:
The second had not been paid and the loan was sold to a credit company.
The HOA had not been paid and the lender (Bank of America) does not pay these fees.
18 months had passed with no payment.
The home was vacant.
The seller had no money to contribute towards a short sale settlement.
Every possible bad scenario played out here, so why did I take the file? We had a client that did want to avoid foreclosure and trusted me. The other reason was that we had a plan …after the financial review we designed a planned to get this done that involved another important piece …Buyer COOPERATION.
We set out to find a buyer that would follow the process and help settle the debt. In return we got them an awesome price ($30k under market value).
We were able to:
Negotiated the second lien payoff so they would not go after our client.
Paid off the HOA thru strong negotiations with buyers agents.
Had the clients move back in to take care of the property.
Got seller $2,500 from the lender to relocate.
Only worked with the strongest buyers, not just any offer.
I am glad to have been able to help them. I am also glad that she did not give up and tried one last time. She said the last time she prayed that God would help her find someone and said I was the answer to her prayers. Wow, I did’t know what to say to that! That was by far the best compliment I had ever been given!
Are you in a similar situation? Do you need help to avoid foreclosure?
Carlsbad, often referred to as the Villiage by the Sea is a beautiful coastal city that I call home. Located South of Orange County and North of San Diego City, Carlsbad offers both privacy and unmatched beauty.
Many people look to buy property in Carlsbad because of the Ocean View Homes. Carlsbad offers the best Ocean View Homes in all of Southern California.
Currently there are 76 listings in Carlsbad with Ocean Views. The prices range from $400,000 to 29 million. Whatever your price range, we can help you get the home you deserve.
Here is a link that you can use to browse thru all the listing in Carlsbad. However I recommend you register to received detailed upto the minute listing database. You get an update before anyone else. There is no charge or obligation, we simply provide this great service to show you the value of doing business with us.
Were they trying to modify their loans? The sad truth is that probably were.
Loan modification hopes lead more people into foreclose than anything else
I have seen. I remember in 2007, when I would work on short sales, the lenders
would say to me. “Do your clients want to stay in their homes?” I would say
yes and boom, loan mod. A year later the word loan mod became a buzz word
and people were canceling their short sales left and right.
Now in 2010 we get conflicting stories from lenders and the government. Lenders have told me, “next year” no more postponing foreclosures, were done with that, either short sale or foreclosure”, then the government says, we will require lenders to halt foreclosure when determining if the client qualified for a loan mod.
Who do you believe?
Here is what I do know, I can help get your short sale done. PERIOD
Will everyone qualify? NO, but we need to find out as soon as possible.
But I can’t help you if you come to me at the last minute anymore. I am always happy to help people in my community, but the lenders have said, no more delays, no more foreclosure postponements.
I WANT TO HELP YOU AVOID LANDING ON THIS LIST! CALL ME RIGHT AWAY FOR A CONFIDENTIAL APPT.
BLOG TITLE TEXT WITH TAGS
Michael-Edward Cruz
Broker Associate with Solutions Real Estate
Lic 01758933
1-800-374-9110 www.mikerebroker.com
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.
Properties here are described as detached condos. It is gated and next to the Park Hyatt Resort and Aviara Golf Course. The community is located in the hills of South Carlsbad, overlooking the Pacific Ocean and Batiquitos Lagoon. Marea is located north of Encinitas and west of La Costa.
Location, Location, Location
Marea residents not only enjoy the privacy of a private gated community, but they have Legoland about 3 minutes away. The Forum and the Carlsbad Premium Outlet Malls are both only a few minutes away in opposite directions. Restaurants, the beach, parks, stores, the Aviara community of Marea has everything you want conveniently located.
ONLY, Arnold Palmer Designed Golf Course in San Diego
Aviara features a memorable coastal layout: par 72 over 18 holes and 7,007 yards uniquely sculpted around rolling hillsides, native wildflowers, and plenty of bunker and water challenges.
Its Christmas time in the beautiful Aviara community of Marea.
Welcome to Marea!
Golf Course within Walking Distance!
Getting Ready For Christmas in Marea Aviara Carlsbad CA
Michael-Edward Cruz, your Aviara Real Estate Specialist
Michael-Edward Cruz
Solutions Real Estate
Broker Associate 01758933 www.mikerebroker.com
This is a tough real estate market and for us it has presented us with an amazing
opportunity to grow our business and shift strategies based on what the market
has thrown at us. We are glad to be able to work in Real Estate here in Carlsbad
California (Near Lego Land) and are here to represent you with your next real
estate project.
I am here at Peet’s Coffee & Tea in the Carlsbad Community of Bressi Ranch with Troy Huerta Broker/Realtor/Short Sale Expert and Mentor, to discuss issues that one can have when trying to do a short sale and avoid foreclosure.
JR Liens
What are JR Liens?
JR Liens are loans or financial obligations that are attached to your property and are not in ‘first position’.
So, for example if you have two loans, your first mortgage is in first position all others are ‘JR LIENS’. Most of the time the first mortgage is in first position, unless you owe the Government, which always takes first position.
Here we are going to talk about issues that arise when working with JR Liens, many times inexperienced Realtors take on a short sale only to find out many months later that a JR lien has already doomed them from ever closing the sale.
It is not all bad news though, we talk about these problems so we can advise you of actions to take before you commit a buyer to a long escrow that will go nowhere. Knowing issues upfront are key to a successful outcome in the world of short sales. More successful outcomes, more buyers who are willing to buy your home.
Here are a few items we discussed…
HELOCS (Home Equity Lines of Credit)
HELOCS have become very challenging to settle in short sale transactions, many times this lender will look harder for a detailed explanation as to what the money has been used for. Many times these lenders will require the seller to make a cash contribution or agree to repay some of the debt. Homeowners need to know this upfront, this is the first step to start over and put this massive debt behind them. You need to know how to make a case for your hardship and work with the servicer to work out a deal so you can move on with your life and put your financial life in order.
CHARGE OFFS
Some pool of loans serviced by lenders like Chase and Bank of America have began to sell off JR Liens to default note buyers after 6 months of non performance (nonpayment) These type of investors will then contract collection attorneys who practice the most aggressive collection tactics to try and collect on SOME of these JR Liens, this ironically makes settling your debt very difficult in the process. The most effective way to protect yourself from having this issue is knowledge, knowing will help you keep these debts from being charged off is key. Most of these second loan payments tend to be smaller and may be kept from charge off by paying the minimum required every month.
If this has already happened, do not just ignore the it, it WILL GET WORSE unless you proactively plan to remedy this situation. Remember this does not mean a short sale is impossible, it just means that a review is necessary to create a successful plan of action. In some cases short sale will not help and you may need to resort to more drastic measures such as bankruptcy. This is the time to prepare yourself, the quicker you do the quicker you can move on. We can help…
FORECLOSE AND FORGET MYTH
Some homeowners believe that if the home forecloses, then all other loans are wiped out and go away. We have found that many homeowners who had homes foreclosed in 2007 and 2008 are now beginning to get collections notices from their JR LIEN holders for money owed to them. Letting the “home go” will not make the problem go away. Now they not only have a foreclosure but their credit will continue to be dragged thru the mud for months and possible years to come.
The Realtor you choose to work on your short sale has to be familiar with your servicer (Bank of America, Chase, Wells Ect). You need a complete evaluation to see whether you qualify for your short sale.
I invited Troy Huerta to share his knowledge with you because he has been instrumental in my short sale success and he is someone I consult with on very difficult transactions.
Troy continues to educate REALTORS on secrets to a successful short sale and will start offering new classes for processors and assistants that work with REALTORS, so Realtors can spend more time working with their clients. This classes will begin in 2011, if you need more info on his courses just email me.
I hope you have enjoyed our series on short sales. My goal is to educate homeowners and agents that are new to short sales get a better understanding of what this market is like. Once you know more about short sales you can begin to see that not everything you hear about short sale are true. Most people hear about the horror stories surrounding short sales. Once you are familiar to this process you too will begin see short sales in more positive light.
The secret to success in Real Estate is knowledge.
Thank you and check us out tomorrow as we continue to share more about this topic affecting our Real Estate Market in Carlsbad California.
We have been working on short sales since 2007 and this is how they seemed to us back then.
This week I will outline key strategies that help us (Realtors) close short sales. As you know short sales can be difficult, but do you know what makes them difficult? I will explain what to avoid.
We will also outline what can make or break your short sale. As well as things that you must consider if you decide to short sale your home.
If you need a seasoned specialist but don’t live in our service area don’t worry. I network with agents nationwide with my activerain.com account and can help YOU find an agent that will HELP YOU CLOSE YOUR SHORT SALE.
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
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.
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.
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.’ ”
