Thursday, December 5, 2013

BOFA and the TAP program in San Diego & Chula Vista

BOFA and the TAP program in San Diego & Chula Vista 

Ever since the TAP (Transition Assistance Progam)  program started BOFA (Bank of America) many Home Owners in the verge of foreclosing have been helped by it. 

BOFA has sent this new announcement and I believe if you have a need to do a Short Sale in San Diego or Chula Vista we are here to help you.  
Please read ahead and see what BOFA says about the TAP.

As of December 5, 2013


Distressed California Homeowners May Qualify for California's Keep Your Home California Transition Assistance Program (TAP)
If your financially distressed California clients can no longer afford their homes and are pursuing a short sale or a deed in lieu of foreclosure, they may be eligible for financial help with their relocation to alternative housing.

The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.

The state of California is providing up to $5,000 in transition assistance to qualified homeowners who can no longer afford to stay in their homes.  You can help by advising your distressed clients that they must: 
  • Apply for the funds through their state's website or by calling 1.888.954.5337.
     
  • Maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.
For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.

To learn more about the Transition Assistance Program's guidelines, and how your clients may qualify, please visit that program's website at http://keepyourhomecalifornia.org.  You can also direct your clients to call 1.888.954.5337 and identify themselves as Bank of America customers.

Friday, May 3, 2013

Zillow scam puts NAR and MLS “on alert!!!!


Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

   Zillow Scam Put NAR and MLS on Alert !!

This case represents an unusually intricate listing scam, that escaped detection on a reputable listing site, and hijacked the identity of a real estate agent. And the scam is spreading to other sites

After Inman News brought the case to the attention of the NAR, the group’s general counsel, Laurie Janik, called it the most sophisticated listing scam that she’d heard of.

In addition to harming consumers, such scams may put real estate agents in profession reputation and physical safety at risk.

The follow is a condensed article from staff Teke Wiggin of  Inman news. 

                           Sophisticated Zillow scam puts NAR and MLS on alert

"Ron Bailey can just picture it:  He’s showing a rental listing to some prospects when suddenly, a person he’s never met thunders, “Are you Ron Bailey?”
“Well, of course I’m Ron Bailey,” the Pocono Lake, Pa.- based broker would answer.
Then Bailey says, “Things would start to get ugly.”
That’s because, in this scenario, the menacing stranger would have sent a considerable sum of money to someone he thought was Ron Bailey. And while the stranger would have been expecting to receive keys to the property in return, he would not have heard from Bailey again — that is, until confronting Bailey while showing that property to other prospective renters."

If you need Real information and Real Estate Advice make sure to contact us, we work in the areas of San Diego & Chula Vista California.  

 We are the team you can count on!  






Monday, April 15, 2013

Boston explosions ! ABS News information !

Brought to you by  SANDIEGOHOUSESHOP.COM


If you are wondering of what is happening in Boston! 



I am sad to announce Boston explosions happened today, we are praying for the families and people at the area in Downtown Boston.
Boston was celebrating the 117th Marathon and while people was at it around 2:50 pm ET today April 15th 2 bombs went off, somewhere at the front stores .
ABC NEWS is reporting on the incident.
I hope everyone is doing well.
Our team is praying for the


Boston info form ABC Live !



I hope all is well!





 AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Wednesday, April 10, 2013

Sell us your home ! we will buy it !

Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Market is HOT right now!  

I work with a firm of investors that are looking at all the times for homes to buy! 
We pay fair market Value Prices!  
If you are on the fence thinking should I sell now ?? 
Well let me tell you we are ready for you, We want to buy your home today. 
We pay cash for your home and we can close as fast or as slow as you need us to be. 
We aren't picky any condition homes as longest as the house is standing we will buy it. 
We can give you an answer in 24 hrs, so what are you waiting for ?    We buy homes in Chula Vista and Anywhere in San Diego. 

If you are struggling on making your Mortgage payments in your Chula Vista Home or San Diego Home and don't know what to do. 
Let us help you we are here to give you a hand. 

Chula Vista and San Diego market is changing and even if you think you may know what it is we invite you to give us a call for a free private consultation.   619-869-0588. 
Don't delay time is running out.  
WE WANT TO HELP YOU ! 


Monday, April 8, 2013

Thursday, April 4, 2013

Short Sale Vs Foreclosure?

Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor




Short Sale VS Foreclosure
  1.  .       The ability to obtain a mortgage in the future
  2.  .       the effect in credit score and credit history
  3.  .       security clearances in a variety of industries
  4.  .       current and future employment
  5.  .       the deficiency judgment


 1.-  In a foreclosure homeowners may have to wait up to 7  years to qualify for home loan
in a short sale the homeowner will be able to qualify as longest they are able to meet some criteria.
2. Short so many times will have less of an effect in your credit score versus the foreclosure which may bring your FICO score to less, is then shown that with a short sale your  credit score can be affected with as little as 50 points and in some cases in the little or no change in your credit score.  Credit wise if the reported as paid as agreed or paid as negotiated you will usually remain in your credit from 2 to 3 years.
If foreclosure is reported in your credit score it will last seven years and the foreclosure will remain forever as part of public records. 
3.   When it comes to security be clearances foreclosures will almost have a negative effect.  Short sales on their own will rarely have an effect on your clearance. What people don’t understand is that security clearance is needed in many industries around the country not only the military but public servants and government agencies will need it even certain areas of telecommunications and software development will also need.
4. As employers more and more check the employee backgrounds a foreclosure may have a very negative effect in your job. Especially when trying to apply for higher position or brand-new job. Since short sales are not reported on a credit report they go unnoticed by the employer.
5. There is nothing so aggravating that knowing that your home was lost in a foreclosure in the lender is looking to sue you for the amount of what is owed on the foreclose,   when you foreclose on the property that right is forfeited in most of the states. As if you short sale that is been taken care from the beginning and no deficiency judgment will apply because lender will settle with what’s owed.












Do you want to know the Short Sale Facts for Short ? 

HAFA program Explained? 

Do you Qualify for a Short Sale? 

Real Estate Fast Facts !

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor


Wonder how the market is doing? 

Check this Facts that are coming from CAR (California Association Of Realtors) 

If you live in San Diego or Chula Vista you may want to this information, prices are rising, homes are selling, interest rates are cheap, and if you are looking into selling today is the best time to do so. 

Last week in Chula Vista we listed a home and lasted only 3 days in the market! 
Imagine the possibilities, whether you want to move up or Move down. 
Selling a larger property in Chula Vista and moving to a Smaller Property in Eastlake.  The possibilities are endless,  Chula Vista is awesome or if you prefer Eastlake or San Diego Check the info out !  



RightArrow.gifFast Facts
Calif. median home price: February 2013: $333,880 (Source: C.A.R.)
Calif. highest median home price by region/county February 2013: Marin, $859,380 (Source: C.A.R.)
Calif. lowest median home price by region/county February 2013: Lake County, $125,000 (Source: C.A.R.) 
Calif. Pending Home Sales Index: February 2013: 110.2 , up 8.7 percent from January's 101.4.

Calif. Traditional Housing Affordability Index: Fourth quarter 2012: 48 percent (Source: C.A.R.)

Mortgage rates: Week ending 3/28/2013 30-yr. fixed: 3.57% fees/points: 0.8% 15-yr. fixed: 2.76% fees/points: 0.6% 1-yr. adjustable: 2.62% Fees/points: 0.3% (Source: Freddie Mac)