San Bernardino – Riverside CA 18.1% Home Price Spike!

Considering listing your home for sale.  It looks like we are in the mist of a home price spike.   Take a look at this article via Trulia.com regarding the Top Ten Biggest Home Price Spikes Across the U.S.

http://pro.truliablog.com/industry-2/biggest-price-spikes-across-the-country/?ecampaign=anews&eurl=pro.truliablog.com%2Findustry-2%2Fbiggest-price-spikes-across-the-country%2F

Behind on your mortgage payment? You have options.

“I have fallen behind on my mortgage. What are my options?”

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The first thing that I would like to tell you Mr. and Ms. Homeowner is DON’T PANIC!!  There are alot of us out here who care and who have been there.  You have options and you are not alone.

You are most likely thinking “How can I keep this house?” or “I am going to do whatever possible to keep my house.”  Your options in this case would be to:

1.  Pay all delinquent payments and fees to your mortgage company AND keep the mortgage current.  The mortgage company will not accept partial payments.  -OR-

2.  Call your mortgage company to discuss your situation and to see if you qualify for a loan modification or another program.  -OR-

3.  If you know of a GOOD Bankruptcy Attorney, this is another option for you.

If your situation was just a slight financial hiccup and you are able to catch up AND maintain your mortgage payment, then take care of this immediately and pass this article on to a friend or family member who may be in trouble.  Now, if you are not in a position to take advantage of option 1 above, then sit down next to me and lets talk for a moment.  If your financial situation has changed for any reason, you really have some thinking to do.  Chances are, if you are behind on your mortgage, then you are most likely behind on other bills including a car note, maxed out credit cards, etc.  Ms. Pride and Mr. Ego are asking you, “What will the neighbors say?”  Well guess what my dear friend, the Jones’ that you are trying to keep up with are probably going through the same thing.  Consider coming from under this mortgage, remove your emotional attachment from that building (that is all it is), remove the stress that is keeping you up at night, stop the financial bleeding, and sell that house!

Have you received a  Notice of Default (NOD) from your lender because you have fallen behind on your regular payment, modification, or bankruptcy?  An NOD is public knowledge and you will start receiving an enormous amount of calls from real estate agents (yep, from me), investors, and other professionals.  There is no “list” to be removed from.  In my zip code alone, there are 468 NOD’s.  Better to have a short sale on your credit then a foreclosure.  Keep reading, there really is a better life after this mess.

As your property may be upside down, find a real estate professional in your area who specializes in short sales.  If you do not know of one, contact me and I will find one in your area.  A “short sale” is when you owe more for the property than it is worth and your mortgage company accepts an offer for the house that is less than what you owe.  Its “worth” is basically what other homes in your neighborhood have sold for in the last 3-6 months.  “Worth” is not what you paid for the home 5 years ago or the new toilet you installed.  Homes are seriously flying off the shelves and with a short sale professional working with you and your lender, you can be out of there in 2 or 3 months.

If you are spiritual like me, this may be God or the Universe’s way of pushing you to the next phase or level of your life.  I’ve been there, I am there, and alot of us real estate people understand far more than you think we do.  Stop fighting it and move past the dead end.  There is life after this, most likely a better life where you can regroup and start anew.  There are some beautiful rentals, why not move into one for a cheaper payment while you save your money?  The rental property you move into will most likely be a better home than the one you have been fighting to keep.  While you are saving money, contact a lender who will work with you to fix your credit and get you back into home ownership in the next few months to 2 years, depending on how far you are behind.  With a foreclosure or bankruptcy, you are looking at 3 to 7 years before your next home ownership opportunity.

Last thought.  Our office also works with Bank Owned Properties.  One of my jobs is to offer the bank’s Cash For Keys Program to former owners – now called “tenants” because the house has been returned back to the bank.  The bank wants them out so they can sell the property.  Sometimes the cash for keys is not accepted because the “tenant” chooses to spend more money on attorney fees to fight the bank.  Sigh.  They are only prolonging eviction.  Before the foreclosure, the bank may have offered them relocation funds had they tried to sell the home.  If you are an investor and have “renters” in the home, please sell the house to another landlord so these people are not forced to move.  So far the “tenants” who were assigned to me have accepted the cash for keys and moved on.  Seeing them weary from fighting to keep the house,  I lay awake at night thinking about the one thing that they always tell me…

“I spent thousands of dollars to try to keep this house, just to lose it in the end.  I could have just paid my mortgage or could have sold it and moved in a new home by now.”

Please do not let these words come from your mouth.

Sincerely,

Adrien Bryant, Real Estate Agent and Lifestyle Consultant, ABRe-PRO, SRS; Atlantic & Pacific Real Estate (CA) Inc., http://www.APREUS.com; Email: Adrien.Bryant@APREUS.com;  Office: 909-212-4021  DRE#01921542

Image courtesy of  http://lasvegasshortsaleauthority.com

The opinions in this blog are my own personal opinions and do not reflect the opinions of Atlantic & Pacific Real Estate (CA), Inc.

New Market For Investors – Put your hammer down…

The year was 2010.  If you were an investor and lucky enough to purchase a home to flip, you had to make the property beautiful to beat out the Foreclosures and receive offers.  Well Mr/Ms Investor, the market has once again changed for you.

Home RepairAs your friendly neighborhood real estate agent, it is my job to study this market for you and for me.  In 2013 inventory is low, bank owned properties are drying up, and properties are receiving multiple offers.  If you are a contractor, you probably live for the part of the deal where you get to exercise your skills and make that jacked up property gorgeous.  You add stainless steel appliances, granite counter tops, beautiful hardwood flooring, the latest fixtures, and in California.. maybe some energy efficient items.  But in this market, it is just not needed.

Well here is the scoop Mr/Ms Investor.  You must keep in mind that in today’s market, homes are flying off the shelves because homeowners are purchasing these homes without all of the bells and whistles.  Basically investor, you only need to focus on making FHA/VA repairs for the lenders.  This means you MUST offer a little more on the properties to secure them but you then cut back drastically on the repairs.  Change your thinking from “I must offer very low so that I can seriously upgrade and sell high” to “I must make a competitive cash offer to win the property and do the basic repairs”.  Adjust your numbers so that your return is the same.  Inventory is low.  To be competitive and win these properties, we have to make this shift.  I study the market everyday and I am still in it because I change with it.  I know how to win.

Yours Truly,

Adrien Bryant, Real Estate Agent and Lifestyle Consultant, ABRe-PRO, SRS; Atlantic & Pacific Real Estate (CA) Inc., http://www.APREUS.com; Email: Adrien.Bryant@APREUS.com;  Office: 909-212-4021  DRE#01921542

The opinions in this blog are my own personal opinions and do not reflect the opinions of Atlantic & Pacific Real Estate (CA), Inc.

Love Quote – Happy Birthday MLK

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“Now there is a final reason I think that Jesus says, “Love your enemies.” It is this: that love has within it a redemptive power. And there is a power there that eventually transforms individuals. Just keep being friendly to that person. Just keep loving them, and they can’t stand it too long. Oh, they react in many ways in the beginning. They react with guilt feelings, and sometimes they’ll hate you a little more at that transition period, but just keep loving them. And by the power of your love they will break down under the load. That’s love, you see. It is redemptive, and this is why Jesus says love. There’s something about love that builds up and is creative. There is something about hate that tears down and is destructive. So love your enemies.”

Dr. Martin Luther King Jr.

Foreclosure Relief Deadline Approaching… Get Your Money Honey!!

… I have this um, friend, who on a hot summer day in 2010, called her mortgage bank to receive help as her then hubby was laid off.  She was basically seeking to change her mortgage term from a 15yr fixed to a 30yr fixed.  At this point, she was not in trouble, but knew trouble was coming.  The bank transferred her from department to department as there was nothing in place.  A few months later, bankruptcy was filed…

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My Fellow Americans,

If you have a similar story and foreclosed on your home between January 1, 2008 and December 31, 2011, there may be some money for you.  If you are like most of us who throw away your junk mail, thinking it is just more “foreclosure help crap”, you may have thrown away your claim to receive some funds!!

But all is not lost.  The Federal Government & Attorneys General reached a landmark settlement with major banks.  (Good, give us back our money!).  “The settlement provides as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal government.”  Again, if you foreclosed between January 1, 2008 and December 31, 2011, log onto http://www.NationalMortgageSettlement.com ASAP.

You must file your claim by JANUARY 18, 2013!!  If you have thrown away your claim form or moved, call 866-430-8358 to receive your claim number.  The hours are Monday – Friday from 5am-5pm CST.  You must answer some verifying questions to receive your claim number.  The operators are very friendly and helpful.  

JANUARY 18, 2013 DEADLINE!!

Adrien Bryant, Real Estate Agent and Lifestyle Consultant, ABRe-PRO, SRS; Atlantic & Pacific Real Estate (CA) Inc., http://www.APREUS.com; Email: Adrien.Bryant@APREUS.com;  Office: 909-991-7920  DRE#01921542

The opinions in this blog are my own personal opinions and do not reflect the opinions of Atlantic & Pacific Real Estate (CA), Inc.

Christmas Tree In A First Home

I so enjoy following along with my clients after their purchase.  I saw this pic today and it made me smile.  This is my client Robert’s Christmas Tree in his first home purchased last spring.  Robert is Active Duty for the US Army.

This following photo is from my client Erin with the key to her first home.  I thought this was a great picture.  I’ve enjoyed the pics of parties Erin has held in her home.

Seeing these pics and my clients happy in their new homes make me love what I do for a living.  Residential Real Estate gives me the wonderful opportunity to work with wonderful people.  I am in this ballgame for life!

Adrien Bryant, Real Estate Agent and Lifestyle Consultant, ABRe-PRO, SRS; Atlantic & Pacific Real Estate (CA) Inc., http://www.APREUS.com; Email: Adrien.Bryant@APREUS.com;  Office: 909-991-7920  DRE#01921542

The opinions in this blog are my own personal opinions and do not reflect the opinions of Atlantic & Pacific Real Estate (CA), Inc.

Wanted: HOMESELLERS!!

Wanted: Homeowners who want to sell their home and move on. This is your time homeowners. The market has shifted to a Sellers Market.  Multiple Offers and short times on the market if priced right. Homes are flying off the shelves. We have buyers, we need homes to sell to them!!

Maybe you are ready to downsize, expand, change neighborhoods, move out of state, whatever your situation, lets start talking about it.  Interest rates are still low to purchase and prices are still good (both are slowly rising however).  Check with a real estate agent to see what your home is worth.  We determine this basically by what has sold in your neighborhood and how long it took to sell.

Many homeowners are still under water by owing more than what the home is worth.  If this is your situation and you want out of your mortgage, talk to a local real estate agent about your options.  Short sales are now working easier and selling faster.  This will prevent you from foreclosure.  If you want to stay in your home, please talk to your bank about a loan modification.  Basically, work with your bank or with a Real Estate broker/agent with experience in working with short sales.

Contact me if you are thinking about selling.  If you are not in my area, I can direct you to a professional in your area and get you on track.  We can make this an easy transition for you.  Think about it and call soon.

Your Friendly Neighborhood Realtor, Adrien Bryant.

Adrien Bryant, Real Estate Agent and Lifestyle Consultant, ABRe-PRO, SRS; Atlantic & Pacific Real Estate (CA) Inc., http://www.APREUS.com; Email: Adrien.Bryant@APREUS.com;  Office: 909-991-7920  DRE#01921542

The opinions in this blog are my own personal opinions and do not reflect the opinions of Atlantic & Pacific Real Estate (CA), Inc.