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 site www.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?

Let me help you…

www.shortsalemc.com

www.mikerebroker.com

My Name is Michael-Edward Cruz and I want to help you get started.

Need more personalized service?

I can help you with:

• Customized Alerts of specific areas, sale types, features, ect…ect…
• I can show you homes NOT on the internet.
• I can show you home that are not on sale YET.

Not in my service area?

Not to worry, I network with agents throughout California and can find a quality agent for you. I will help you avoid poor representation.

FREE MLS SEARCH

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

Looking for homes? Try our Free MLS Search

North San Diego County,
Carlsbad, Aviara,
Bressi Ranch, Encinitas,
San Marcos, San
Elijo, Rancho Santa
Fe, Del Mar,
La Jolla, Oceanside,
Vista, South
Riverside County, Temecula,
Fallbrook, Murrieta,
South Orange County,
San Clemente, Talega,
The Reserve, Dana
Point, Laguna Niguel,
Talega Communities,Alora
(Single Family),Alassio
by Standard Pacific Homes (Townhomes),Alta
by Standard Pacific Homes (Single Family),Amalfi
by Standard Pacific Homes,Bella
Vista by Manning Homes (Single Family),Careyes
by Brookfield Homes (Single Family-Gated),Carillon
by Standard Pacific Homes (Single Family),Cantabria
(Single Family),Caprizi
(Single Family),Catania
by Standard Pacific Homes (Single Family-Gated),Cazadero
by Shea Homes (Single Family), Escala
by Standard Pacific Homes (Single Family), Farralon
Ridge (Single Family), Lucia
by Laing Luxury Homes (Single Family), Mirador
by William Lyon Homes (Single Family), Miraleste
(Single Family), Monterey
by Standard Pacific Homes (Single Family), Pacifica
by Standard Pacific Homes (Single Family), Portomarin
(Single Family), Ravenna
(Single Family), Sabella
by Pulte Homes (Single Family), San
Lucar by Brookfield Homes (Single Family), Sansol
by Standard Pacific Homes (Single Family), Santalana
by Standard Pacific Homes (Townhomes), Seaside
by Shea Homes (Single Family), Solana
(Single Family), Stella
Mare by Standard Pacific Homes (Single Family),Verano
by Lennar Homes (Townhomes),Vittoria
by Standard Pacific Homes (Single Family-Gated),Vizcaya
(Single Family), Seagarden,Sandbridge,Waterleaf,
Wavecrest

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

Carlsbad has a variety of homes for sale. Carlsbad
Aviara Gated Communities, Carlsbad
Aviara Point Gated Communities, Carlsbad
Viaggio Gated Communities, Carlsbad
Mar Fiorre Golf Community, Carlsbad
Cantata Golf Course Community, Carlsbad
Aviara Point Golf Course Community, Carlsbad
La Costa Gated Communities, Carlsbad
La Costa Golf Course Community, Carlsbad
Bressi Ranch Gated Communities, Carlsbad
Bressi Ranch Golf Course Community, Carlsbad
CA Marea Gated Community, Carlsbad
CA Marea Golf Course Community, Carlsbad
Pool Home, Carlsbad Aviara Pool Home, Carlsbad
Marea Pool Home, Carlsbad
Aviara Point Pool Home, Carlsbad
Viaggio Pool Home, Carlsbad
Mar Fiore Pool Home, Carlsbad
Cantata Pool Home, Carlsbad
La Costa Pool Home, Carlsbad
Bressi Ranch Pool Home, Carlsbad
3 Bedroom MLS 92011 92009 92010 92008, Carlsbad
4 Bedroom MLS 92011 92009 92010 92008, Carlsbad
5 Bedroom MLS 92011 92009 92010 92008, Carlsbad
6 Bedroom MLS 92011 92009 92010 92008, Find
Carlsbad Homes for Sale in Aviara with Pools, Find
Carlsbad Homes for Sale in Marea with Pools, Find
Carlsbad Homes for Sale in Aviara Point with Pools, Find
Carlsbad Homes for Sale in Mar Fiore with Pools, Find
Carlsbad Homes for Sale in Cantata with Pools, Find
Carlsbad Homes for Sale in La Costa with Pools, Find
Carlsbad Homes for Sale in Bressi Ranch with Pools, Find
Carlsbad Homes for Sale in Golf Course community of Aviara, Find
Carlsbad Homes for Sale in Golf Course community of Marea, Find
Carlsbad Homes for Sale in Golf Course community of Aviara Point, Find
Carlsbad Homes for Sale in Golf Course community of Viaggio, Find
Carlsbad Homes for Sale in Golf Course community of Mar Fiore, Find
Carlsbad Homes for Sale in Golf Course community of La Costa, Find
Carlsbad Homes for Sale in Golf Course community of Bressi Ranch, Find
Carlsbad Homes for Sale in foreclosure in Bressi Ranch, Find
Carlsbad Homes for Sale in foreclosure in Aviara, Find
Carlsbad Homes for Sale in foreclosure in Aviara Point, Find
Carlsbad Homes for Sale in foreclosure in Viaggio, Find
Carlsbad Homes for Sale in foreclosure in Mar Fiore, Find
Carlsbad Homes for Sale in foreclosure in Cantata, Find
Carlsbad Homes for Sale in foreclosure in La Costa, Find
Carlsbad Homes for Sale in foreclosure in Bressi Ranch

NEED A CARLSBAD SHORT SALE SPECIALIST ?

If you have missed mortgage payments for your home in Carlsbad
CA, and you are interested in doing a short sale, you may feel unsure who to
call.

I have helped hundreds of homeowners and Realtors close their short sales in
every county in Southern California. From Bellflower to Chula Vista and now
I have relocated to Carlsbad, I can do the same for you. Here is what you have to expect when doing a short sale.

BE ORGANIZED ? Good News, We help you with this!

You need to keep all financial paperwork on a month to month basis in one place. So grab
a file and prepare to store bank statements, tax returns (last two years), most
recent check stubs, financial statements for stocks or savings accounts. Keep
track of all conversations and names every time you call.

Remember these departments were very very small. In the past 3 years they have
ballooned into huge call centers. Most of the workers are entry level and others
are ex loan officers, some have been outsourced! Now, you may either get a real
moron on the phone, or you may a great person who cares and will want to help
you. Be persistent and don’t give up. Call until you get someone that wants
help.

But no matter how great the person you find, you will have to be patient and
be prepared to resubmit and resubmit your paperwork. I use a free program called
PDF Sam , it
allows you to organize your pdf files and help you keep them updated to send
to the bank next time they lose paperwork.

CALL YOUR SERVICER AKA LENDER/BANK ? Good News, we do most of this for you too!

Okay, let’s get this out of the way now. You will need to prepare yourself
mentally to call at least 3 to 4 times before you get someone that will want
help you, yes I said want, remember they are people and the ones that try actually
do help. You will need a place to record all the phone numbers and extension
you get.

Also don’t get caught in calling the wrong department, if you get someone who
isn’t listening to you and wants to just talk about you making your payment,
you’re probably talking to the collections department. Only speak to the loss
mitigation department.

BE PATIENT, We try to help with this

Lenders will want things done right away, unfortunately they don’t do the same.
They will take a few weeks to process most documents. They may ask for documents
they already have as we mentioned earlier. Be patient.

SO YOU CAN DO THIS OR YOU COULD HAVE US DO IT FOR YOU, WE DO NOT CHARGE YOUR
FOR THIS SERVICE, SO IF YOU NEED MORE INFORMATION EMAIL
ME, I AM HERE TO HELP.

Michael-Edward Cruz
Solutions Real Estate
Broker Associate 01758933
www.mikerebroker.com

THIS IS THE END OF SHORT SALE WEEK – WE HOPE THAT WE HAVE BEEN ABLE TO HELP
AT LEAST ONE PERSON WITH THIS SUBJECT.

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.

SEARCH
FOR HOMES IN CARLSBAD, SEARCH
FOR HOMES IN AVIARA, SEARCH
FOR HOMES IN LA COSTA, SEARCH
FOR HOMES IN BRESSI RANCH, SEARCH
FOR HOMES IN MAREA, SEARCH
FOR HOMES IN AVIARA POINT, SEARCH
FOR HOMES IN VIAGGIO, SEARCH
FOR HOMES IN MAR FIORRE, SEARCH
FOR HOMES IN CANTATA, SEARCH
FOR HOMES IN ENCINITAS, SEARCH
FOR HOMES IN SAN MARCOS,
SEARCH FOR HOMES IN SHADOWRIDGE, SEARCH
FOR HOMES IN OCEAN HILLS, SEARCH
FOR HOMES IN SEAGATE,

What is a short sale?

When can you do a Short Sale?

What is a good hardship?

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

More Info

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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CARLSBAD REAL ESTATE | SAN MARCOS REAL ESTATE | ENCINITAS REAL ESTATE | RANCHO SANTA FE REAL ESTATE | DEL MAR REAL ESTATE | SAN CLEMENTE REAL ESTATE | TALEGA REAL ESTATE | THE RESERVE REAL ESTATE | TEMECULA REAL ESTATE | REDHAWK REAL ESTATE | MORENO VALLEY REAL ESTATE |

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.

Read More

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

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.’ ”

Read More

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

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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

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

Supplemental Directive 09-09 November 30, 2009

Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure

CLICK HERE TO DOWNLOAD YOUR FREE COPY

Michael-Edward Cruz
California Real Estate Broker
01758933

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

We started at 7:30 am until around 2:00 pm and as a team we were about to completely change the look of this home to the delight of the happy homeowner!

See below

If you need a Real Estate Team that understands the market, give us a call.

Michael-Edward Cruz
Broker Lic 01758933
951-572-2789
760-689-BANK (2265)