Archive for the Category »Temecula «

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

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., [ ... ]

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 [ ... ]

Taking a bath inside the real estate bubble

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 [ ... ]

Ride the foreclosure wave!

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

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 [ ... ]

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

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? Obviously if your not paying your mortgage their is a good reason. The point I am trying to make is you have [ ... ]

Type of Sales that dominate the Temecula Redhawk Area – March 2010

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

Learn About Tax Credit for Homeowners

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 [ ... ]

Temecula Short Sale Experts – Community News

Parent workshop to be held in Temecula The Press-Enterprise The Temecula Valley Council PTA will sponsor a free, two-part, workshop on creating school-family-community partnerships from 10 a.m. to 1 p.m. Tuesday and Feb. 23. The workshop will include information on parent information resource centers, ways parents can get involved in schools and other topics. The workshop is open to parents from any Temecula Valley Unified School District campus, but seating is limited and reservations are required. The sessions will be in the community room at the Temecula Public Library, 30600 Pauba Road. Information: council President Jeannie Hardy, 951-694-5655, orinfo@tvcpta.org. If you or [ ... ]