100% Mortgage Loan with NO Closing Cost for First Time Home Buyers
In regards to the same matter that posted on this blog on 01/08/2008, I just want to give you an update on it, the 30 Year Fixed Interest Rate for that program went down to 4.750%, so if you've been thinking in becoming a home owner, now is the time to do so using this program.
For more information go to http://www.sfvalleyhotproperties.com and click on First Time Home Buyers to find out more information, and if that is not enough you can e-mail me from my website or call me, my number is posted there.
I hope this is helpfull and usefull.
Alberto Pacheco
Realtor Consultant
Remax Olson & Associates
Wednesday, January 16, 2008
Tuesday, January 08, 2008
Bank Owned Homes in Long Beach as of 01/08/2008
As of today there are 59 bank owned homes also called reo`s in Long Beach the starting price is $179,900 for a 2 bedrooms, 1bath house, next price is $184,500 for a 1bedroom, 1bath house, also $185,000 for a 2bedroom, 1bath house, then go up to $240,000 and on.
The lowest 3bedrooms, 2bath goes for $323,000, also the lowest 4bedrooms, 2bath goes for $325,000.
As you can see prices are very good in long beach comparing to the prices 2 years ago and back, if you are seriously thinking in buying in Long Beach, let me inform you that for First Time Home Buyers there is a 100% Mortgage Loan Available with NO Closing cost and the Interest rate as of TODAY is 4.875% FIXED FOR 30 YEARS.
You are not going to be able to get something like this with any lender other that the one I know, they are the Biggest Bank in the World and it is based in the USA.
They are also able to lend you as First Time Buyer to buy a DUPLEX, TRIPLEX OR FOURPLEX, there is no better than this. You may thing that this sounds to good to be true, but it is.
The requisit is be 1st Time Home buyer and present 2 year income tax forms, and you may qualify acording to your income.
If interested in finding more information about this program, e-mail me or call me.
By the way it also applies for the Entire Los Angeles, San Bernardino counties including Palmdale and Lancaster.
As of today there are 59 bank owned homes also called reo`s in Long Beach the starting price is $179,900 for a 2 bedrooms, 1bath house, next price is $184,500 for a 1bedroom, 1bath house, also $185,000 for a 2bedroom, 1bath house, then go up to $240,000 and on.
The lowest 3bedrooms, 2bath goes for $323,000, also the lowest 4bedrooms, 2bath goes for $325,000.
As you can see prices are very good in long beach comparing to the prices 2 years ago and back, if you are seriously thinking in buying in Long Beach, let me inform you that for First Time Home Buyers there is a 100% Mortgage Loan Available with NO Closing cost and the Interest rate as of TODAY is 4.875% FIXED FOR 30 YEARS.
You are not going to be able to get something like this with any lender other that the one I know, they are the Biggest Bank in the World and it is based in the USA.
They are also able to lend you as First Time Buyer to buy a DUPLEX, TRIPLEX OR FOURPLEX, there is no better than this. You may thing that this sounds to good to be true, but it is.
The requisit is be 1st Time Home buyer and present 2 year income tax forms, and you may qualify acording to your income.
If interested in finding more information about this program, e-mail me or call me.
By the way it also applies for the Entire Los Angeles, San Bernardino counties including Palmdale and Lancaster.
Monday, January 07, 2008
Alhambra Real Estate Homes Sold from 01/01 - 12/31/2007
New Listings: 78
Average Listing Price: $530,104
Listings Under Contract: 0
Average Listing Price: $ 0
Listings Sold: 30
Average Selling Price: $475,376
% of Direfence Between Listing Price versus Selling Price: 97.40%
% Sales Price Versus Old Listing Price: 95.72%
Average Days on The Market: 55
New Listings: 78
Average Listing Price: $530,104
Listings Under Contract: 0
Average Listing Price: $ 0
Listings Sold: 30
Average Selling Price: $475,376
% of Direfence Between Listing Price versus Selling Price: 97.40%
% Sales Price Versus Old Listing Price: 95.72%
Average Days on The Market: 55
Alhambra Real Estate Home Sales Statistics for December 2007
New Listings: 6
Average Listing Price: $624,833
Listings Under Contract: 0
Average Listing Price: $ 0
Listings Sold:0
Average Selling Price: $0
% of Direfence Between Listing Price versus Selling Price: 9%
% Sales Price Versus Old Listing Price: 0%
Average Days on The Market: 0
New Listings: 6
Average Listing Price: $624,833
Listings Under Contract: 0
Average Listing Price: $ 0
Listings Sold:0
Average Selling Price: $0
% of Direfence Between Listing Price versus Selling Price: 9%
% Sales Price Versus Old Listing Price: 0%
Average Days on The Market: 0
Long Beach Real Estate Homes Sold from 01/01 - 12/31/2007
New Listings: 6972
Average Listing Price: $553,268
Listings Under Contract: 146
Average Listing Price: $453,620
Listings Sold: 2610
Average Selling Price: $543,851
% of Direfence Between Listing Price versus Selling Price: 97.21%
% Sales Price Versus Old Listing Price: 87.74%
Average Days on The Market: 67
New Listings: 6972
Average Listing Price: $553,268
Listings Under Contract: 146
Average Listing Price: $453,620
Listings Sold: 2610
Average Selling Price: $543,851
% of Direfence Between Listing Price versus Selling Price: 97.21%
% Sales Price Versus Old Listing Price: 87.74%
Average Days on The Market: 67
Thursday, January 03, 2008
Long Beach Real Estate Home Sales Statistics For December 2007
New Listings: 304
Average Listing Price: $517,140
Listings Under Contract: 90
Average Listing Price: $441,778
Listings Sold:149
Average Selling Price: $481,845
% of Direfence Between Listing Price versus Selling Price: 96.70%
% Sales Price Versus Old Listing Price: 90.67%
Average Days on The Market: 76
New Listings: 304
Average Listing Price: $517,140
Listings Under Contract: 90
Average Listing Price: $441,778
Listings Sold:149
Average Selling Price: $481,845
% of Direfence Between Listing Price versus Selling Price: 96.70%
% Sales Price Versus Old Listing Price: 90.67%
Average Days on The Market: 76
Monday, December 31, 2007
Tuesday, December 25, 2007
Tuesday, December 18, 2007
Long Beach Real Estate Home Sales Statistics For November 2007
New Listings: 436
Average Listing Price: $585,515
Listings Under Contract: 100
Average Listing Price: $452,184
Listings Sold:128
Average Selling Price: $503,748
% of Direfence Between Listing Price versus Selling Price: 96.21%
% Sales Price Versus Old Listing Price: 90.94%
Average Days on The Market: 79
New Listings: 436
Average Listing Price: $585,515
Listings Under Contract: 100
Average Listing Price: $452,184
Listings Sold:128
Average Selling Price: $503,748
% of Direfence Between Listing Price versus Selling Price: 96.21%
% Sales Price Versus Old Listing Price: 90.94%
Average Days on The Market: 79
Thursday, December 06, 2007
If you or someone you know is 30 days or more delinquent on their home loan, there are several option that are available to help you on them in this time of great need. Please call me as there are several solution that I may be able to recommend to you that would lessen your mortgage burden and get you on path of recovery. Some of the solutions include:
Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.
Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.
Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.
Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.
I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!
Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.
Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.
Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.
Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.
Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.
I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!
Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.
Tuesday, November 20, 2007
Friday, November 16, 2007
Northridge Home Sales Statistics for September 2007
Property Type: Residential
New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70
Property Type: Residential
New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70
Wednesday, November 07, 2007
Subprime Mortgages
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
Tuesday, October 30, 2007
Countrywide
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
Monday, October 15, 2007
Wednesday, October 10, 2007
August Home Sales in The San Fernando Valley
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
Saturday, October 06, 2007
Burbank Real Estate
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Thursday, September 06, 2007
YTD Activity Report: 1/1/2007 through 8/31/2007
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
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