short sale

Short Sale – Considering a Short Sale?

While you may have heard that selling your home as a short sale can be a long, frustrating, and sometimes futile process, the tide may be turning as lenders have become increasingly more amenable to short sales. Many lenders, says real estate professionals are viewing short sales in a more favorable light after suffering through failed loan modifications and countless foreclosures. Perhaps there is a light at the end of the tunnel for those short sales.

Before embarking on the short sale process, however, talk to a REALTOR® who is experienced in the area of distressed properties and short sales. One of the top reasons short sales fail is because the home seller never actually qualified for a short sale in the first place. Answering the following questions accurately and thoroughly will determine whether your home is eligible for a short sale:

short sale questions:

• Is your property currently on the market?
• Is it listed with an agent?
• Is this your primary residence?
• When was the property purchased?
• What was the original purchase price?
• Who holds the mortgage?
• What kind of loan do you have? (FHA, VA, Conventional)
• Do you have any other liens against your property?
• Who is on the title (or deed) for the property?
• Who is on the mortgage?
• Do you have mortgage insurance?
• Are you current with your payments?
• If not, how far in arrears are you?
• How much do you owe?
• Why do you need/want to sell?
• What caused you or will be causing you to miss your mortgage payment obligation?
• Do you have funds in accounts that could be used to satisfy the deficiency?
• Are you currently living in the property? If not, where are you living and is the property being maintained?
• How soon do you need to move?
• Are you up to date on your condo or HOA payments (where applicable)?
• Do you owe any back taxes?
• Are you considering filing for bankruptcy protection?
• Are you currently pursuing a loan modification with your lender?
• Who is occupying the property?
• Do you hold or are you subject to any type of security clearance related to your job?
• What are your plans after you sell?
• Are you looking to receive any money from the sale of your home?
• How much income are you currently making from all sources? Do you anticipate any income change up or down in the not-too-distant future?

When you have answered the questions above call Pam and Joanna to find out the details on the options available to you before you consider a short sale. If you are seriously considering a short sale Pam and Joanna have extensive experience in closing short sales and are always available to talk with you and provide the answers that will help you make your decision on whether you should consider a short sale.

Pam Parton 760-580-1615 Joanna Woolley 760-580-1615

First time Home Buyers do's and don'ts

First Time Home Buyers Do’s And Don’ts

For first time home buyers, buying a home is one of the most significant investments they will ever make. In spite of the doubt and confusion clouding both the financial markets and news headlines this is still one of the best times in the last 40 years to buy a home and there are many great opportunities out there especially for first time home buyers. Home prices are more affordable than ever before and interest rates are the best we have seen in many, many years.

However first time home buyers are understandably anxious when it comes to making one of the largest investments of their lifetime.

Here is a simple list to help make the process a little easier for first time home buyers dreaming of home ownership.

First Time Home Buyers Do’s:

First time home buyers do need to take time to explore mortgage pre-approval. Getting a head start on this will help others involved with your purchase understand that you are serious about homeownership.

First time home buyers do need to make a decision on who you will be working with on your transaction, choosing a team of experienced professionals will be very important in making the home buying process simple and straight forward. Begin with a choice for your Real Estate Agent who will be able to connect first time home buyers with suitable mortgage lenders, home inspectors, lawyers and others who play a role in the home buying process.

First time home buyers do need to anticipate your future needs and buy for your personal lifestyle. What may make a perfect starter home might not work as well when children come along for first time home buyers. Remember, people move for lifestyle reasons and your first home will more than likely not be your last.

First Time Home Buyers Don’ts:

First time home buyers don’t buy more than you can afford. Make sure that your down payment, closing costs, monthly expenses and taxes are within your budget before you sign on the dotted line.

First time home buyers don’t try to time the market. Instead of waiting for an unreliable window of time and potentially missing out on the perfect home – first time home buyers should focus on their own lifestyles and buy when the time is truly right for them.

First time home buyers don’t jump into an unusual or confusing mortgage. When it comes to down payments and mortgages, if it sounds too good to be true, it probably is. Be sure to read carefully through every aspect of the proposed agreements to fully understand your end of the bargain. Don’t be afraid to ask questions as first time home buyers.

Don’t underestimate the value of a trustworthy real estate agent’s expertise. While being savvy first time home buyers will help you on the road to ownership, a local expert with years of negotiating experience is invaluable when it comes to helping you find the perfect home – and closing the deal.

CALL PAM AND JOANNA FOR MORE INFORMATION ON HOMES IN NORTH SAN DIEGO COUNTY:

PAM 760-580-1615 JOANNA 760-580-1630

Content by Courtesy of RisMedia

The end of January’s Fed announcement was very favorable for mortgage rates. This week’s mixed economic data, Treasury auctions, and news from Europe had little influence. As a result, mortgage rates ended the week lower.

The forecasts from Fed officials for the fed funds rate contained some major surprises for investors. Fed officials now expect that economic conditions will allow the fed funds rate to remain at exceptionally low levels until at least “late 2014″.Prior statements extended the expected time frame only to mid-2013. In addition, comments from Fed Chief Bernanke suggested that Fed officials would like to see stronger economic growth, and they are open to the possibility of additional Fed easing. Many investors think it is likely that the Fed will announce additional MBS purchases at a later meeting. The expectation for a low fed funds rate and the possibility of additional Fed purchases of mortgage-backed securities (MBS) increased demand for MBS, which resulted in higher MBS prices and lower mortgage rates.

The most recent release of Gross Domestic Product (GDP) showed an increase at a 2.8% annual rate during the fourth quarter of 2011, which was a little below the consensus forecast, but up from 1.8% during the third quarter. Early estimates for the first quarter of this year are for a slower growth rate. The long-run average growth rate for the economy is generally considered to be around 3.0%, and the economy usually grows at a faster than average rate following a recession. Given that the economy is growing below its potential and that inflation remains tame, the Fed’s expectation that monetary policy will remain very stimulative for a long time is understandable.

CALL PAM PARTON 760-580-1615     OR                     JOANNA WOOLLEY 760-580-1630

We would love  to help you with your home sale or purchase in North County San Diego, give us  a call at any time so we can help you get the process started!

Content Courtesy of John Yeager, Summit Mortagage

If you’ve been thinking about buying a new home, winter is the time to start getting serious. Here are a few reasons to brave the cooler weather and go on a house hunt:

The winter season has fewer units on the market, and sellers tend to need to move from their property. You can use that to your advantage to get a favorable deal.

Winter has fewer buyers in the market. Looking for a home in the winter can be inconvenient, and people are less likely to move. Families also tend to be on a September to June cycle because they are unwilling to move their children to a new town in the middle of the school year. Fewer buyers means less competition.

Lenders usually have fewer loans to process and less paperwork to deal with. With lenders less hassled, you might be able to  expect a smoother process to get approved for a mortgage.

Finally, as all savvy shoppers know after the holiday season comes the season of bargain opportunities. This includes houses as well!!

So go out and brave the weather, rain or sun and find that home you’ve been looking for. NOW IS THE TIME TO BUY.

For a complete list of all the latest short sales, foreclosures and standard sales call: PAM or JOANNA .

PAM PARTON: 760-580-1615                       JOANNA WOOLLEY: 760-580-1630

Why Real Estate is still AMERICA’S BEST INVESTMENT

The latest headlines tell us the economy fluctuates from recovery to ruin on a weekly basis. In reality, real estate is cyclical, and the market is on its way to recovery in most areas. Although you may feel nervous about home ownership, property is still your best long – term investment.

In more than two thirds of the country, housing affordability has dipped to pre-housing bubble levels, creating opportunities for those looking for a bargain. Home prices are expected to rise in 2013 due to fewer distressed sales and the impending housing shortage.

Mortgage rates have decreased over the last fifty years to record lows. Due to the economic downturn,borrowers with stellar credit and a solid employment history are best able to secure financing right now. However, as conditions improve, the market will expand for borrowers who may not fit the mold of traditonal lending standards, such as the self employed.

A major advantage of homeownership is building equity. The average seller who purchased a home in 2002 gained 24% in equity, while those who purchased their homes 11 to 15 years ago had a median gain of 40%.

So in spite of all the negative news the press is brain washing us with IT IS STILL A GREAT TIME TO BUY A HOME!

For more information on great HOME  DEALS available in North County San Diego give us a call as  we would love to share this information with you.

PAM PARTON:  760-580-1630                             JOANNA WOOLLEY: 760-580-1615

Content courtesy of

Brian Buffini, Wall Street Jouranl and National Association of Realtors.

USDA Rural Housing Loan Program Available For Hidden Meadows

Peaceful Golf Course Views

Now it can be easier than ever to purchase this charming Golf Course home located in the coveted Hidden Meadows Community. 

There is a little known  government loan program called USDA Rural Housing loan program that helps eligible home buyers purchase homes in rural areas with

• NO MONEY DOWN
• NO PRIVATE MORTGAGE INSURANCE REQUIRED
• SELLER CAN PAY UP TO 6% IN CLOSING COSTS

We have recently discovered that this property at 10973 Meadow Glen Way in Hidden Meadows, qualifies for this USDA Rural Housing Loan program.

For more information and to see if you or someone you know might qualify for this very special loan program click here

 If you know of anyone that has thinking about buying a home, but thought that they were not quite ready yet, give us a call, lets talk to see if this would work for them.

Pam Parton & Joanna Woolley
760-580-1615 or 760-580-1630

Gorgeous Custom Valley Center Home

28453 ALMONA WAY, VALLEY CENTER, CA 92082

This gorgeous estate offers the highest quality of upgrades you could wish for.The breath taking kitchen will bring out the chef in most everyone!With stunning custom cabinetry, granite and solid butcher block counters opening to inviting family rm & wet bar.Walnut and Versialles Travertine flooring throughout.Spacious Master Retreat with private balcony for a special romantic evening. This unique property is one not to be missed, it has everything you could ever wish for in a home – truly a work of art.

Dream Chefs Kitchen

Pool and Spa Ready for Lounging

Built in the 50’s, this two story home is conveniently located near schools, shops, the beach, and the 75 and 5 freeways. A spacious home with an bright and airy floor plan feel, this home boasts 3 bedrooms and 2 full baths, with hardwood floors. Sliding doors on the first floor lead to the fully-fenced backyard with an inground heated pool and spa with deep blue tile details.

937 Imperial Beach Blvd, CA 91932

Feel Free to Call Pam or Joanna at any time for more information on this great investment property.

Pam Parton   760-580-1615          Joanna Woolley 760-580-1630

30618 FALLING STAR CIRCLE,VALLEY CENTER,C 92082

If you are looking for some peace and tranquility in your life this is the home for you. Located in the community of Valley Center one of the few last unspoilt havens in San Diego County, where you can escape to your very own tranquil paradise.

30618 Falling Star Circle,Valley Center, CA 92082

This gorgeous ranch style home offers all you have been waiting for. Attention to detail and beautifully appointed in every aspect. A welcome and flowing light open floorplan awaits you with an oversized gourmet kitchen which will bring out the chef in anyone. Ample counter and cabinets with spacious center island, large walk in pantry and vaulted ceilings.Large sunny breakfast area with stunning views of near by mountain ranges. Formal dining with large picture window and coffered vaulted ceilings. Huge master wing with luxurious master bath.

French doors lead to private garden patio. While away the summer evenings on your patio while you enjoy the breath taking sunsets. 2.10 premium acres suitable for horses with private entrance. Pride of ownership is apparent throughout this meticulously maintained home. Cat 5 central wiring.Fire Sprinklers throughout home and garage.Room for rv or boat.Large fenced backyard suitable for pool and spa.Dual Zoned Furnace and Air.

Welcome Home to Valley Center………………………

Listing Price: $590,000

Sq Ft: 3154

4 Beds / 3 Baths

2.10 Premium Acres.

FOR MORE INFORMATION ON THIS FABULOUS VALLEY CENTER PROPERTY

CALL JOANNA:  760-580-1630  OR PAM: 760-580-1615

Beautiful Granite Counters & Stainless Steel Appliances

It doesnt get any better than this folks!  Completely and beautifully remodeled with quality materials.  Just REDUCED AND PRICED TO SELL at $390,000!

3 Bedrooms, 2 Baths, 2148 SQ. FT.  All new Stainless Steel Appliances and Granite Counters in Kitchen and Baths, Gorgeous Distressed Hardwood Floors.

  Bathrooms have been restyled with New Traverntine Tiles, New Fixtures, and Lighting.  Enjoy the warmth of 2 Fireplaces, one in the cozy Family Room just off the Kitchen and one in the Master Suite.

Master Bath with Gorgeous Traverntine Tiles and Granite Counters

All this, and one of the most Excellent neighborhoods Escondido has to offer, Hidden Meadows with its unique natural landscape of mountains, hills and boulders, and of course the sporty Executive Golf Course.

This one wont last at this price, come see for yourself and fall in love!

Hidden Meadows Executive Golf Course

Come take a tour of this wonderful home,
 CALL
Pam Parton at 760-580-1615 or Joanna Woolley at 760-580-1630

REDUCED AND PRICED TO SELL!!!