Zombies & Short Sale 32% of ALL overall sales

Short sales as a category rose by 5% the accounting for 32% of ALL overall sales.

News headlines today…

Struggling underwater homeowners are increasingly turning to short-sellers is an alternative to get out from under their mortgage debt last year 2012.

 According to Realtytrac.com, a foreclosure tracking service, Foreclosures accounted for 11+ percent of all transactions down from 13% in 2011, your before. Short sales as a category rose by 5% from 2011 to 2012 the accounting for 32% of all home transactions.

These numbers are national numbers however we find that northern  California, the SF Oak Bay area, and the Sacramento Valley are all reflective and have similar statistics

Today we still find a lot of underwater homeowners in Contra Costa County, Solano County, Alameda County, Napa County and throughout the Northern California area.

The unique advantage of doing short selling today's market is the mortgage forgiveness debt relief act which has been extended from December 31, 2012 to December 31, 2013. This once-in-a-lifetime tax code allows homeowners and property owners The ability to receive full debt relief from their mortgage lenders while also being exempt from any tax liabilities within the IRS code.

Foreclosures & Zombies???

A recent article in the money CNN website Explains how many borrowers are discovering that their foreclosed homes are coming back to haunt them even long after they thought everything was done taking care of. It appears that many of the homeowners associations, county tax assessors and other assessment / fees are still following them and looking to recover funds. Doing any improper foreclosure, strategic default, and/ or walk away can be potentially very, very dangerous for borrowers and property owners.

http://money.cnn.com/2013/02/20/real_estate/zombie-foreclosures/index.html

• Curious on property your property value?
• Do you have a property that's underwater?
• Are you considering to do a short sale?

Do you have questions regarding the mortgage relief act?
For more information simply contact us at 866-699-3278.

Thanks,
Ty Leon-Guerrero

2013 and Home Value still under water

Home value Still underwater?

In today's real estate market, more than ever, you need good information from experienced well seasoned a real estate professional and expert.
You must also take bold action.

Today's market Real estate market in Northern California, we've reached an all-time height of complexity.
Interest rates are at an all-time low!
Prices are incredibly affordable
Prices are beginning to increase

Has the economic environment improved?

The most data sources and media coverage want us to believe that we're in a stable economic environment, however...
most people I know and you know… Are they really doing better?

Buyers are unsure what to do, while sellers are also trying to figure out their next move.

He's an example of property: Concord California. (In most cases,  we see this in every marketplace: Vallejo,  American Canyon, Sonoma,  Walnut Creek, Pleasant Hill, Martinez, Hercules, Oakland, Castro Valley, Antioch, Brentwood, San Jose, Napa, Fairfield, Vacaville, and every other marketplace in California).

 Property owners are gainfully employed, mortgage payments are current, and they have stable income with moderate to high debt... however, in Last three years, this family has lost about 30+% of their overall Household income due to Reduction of overtime, loss of bonuses, In reduction of hours with spouses job. Ultimately they struggle from month-to-month however they're able to pay all the bills.

What should they do?
Many Mortgage companies and banks are very familiar with the this situation. This is what we would call a  "At risk" Borrower.  This borrower could be at risk to fall behind and/or have an imminent foreclosure.

All banks and mortgage companies today,  will consider to do a short sale with this type of borrower and situation. In many of the banks, Mortgage companies and servicers Have incentives with no pay a borrower up to $25,000 at the time of close of escrow for success Short sale.

Why would they do that?
This allows the bank to get all of their old at risk assets off the books.  They also have tax advantages by doing right offs and write-downs, While regaining their capital, And creating another opportunity for that very same borrower to originate a new mortgage within the next 18 to 36 months.

Think about it… If you're able to do a short sell get out from under $200,000 of debt with no consequences, no penalties,  and no Liability...  then get back into the market with a new fixed rate mortgage within the next 18 to 36 months… And the mortgage company is able to gain origination points, fees,  as well as regain a new customer again…
Isn't that how there to jump start this economy?

For more information, or for free personalized evaluation...
for your situation simply call me 866-699-3278


Thanks,
Ty


Please excuse my grammar and spelling, as this message is sent from my iPhone (on the go / out in the field).

How to succeed in 2013!

How to succeed in 2013... As we can learn from geese... This is a great video we can all learn from :) 

Lets work together and have a Happy New Year 1013! 

http://youtu.be/hazitrxzhPk

Need a Helping Hand?

Chances are, you know someone who has fallen behind on mortgage payments and is facing foreclosure.

The real estate market in recent years has dealt many of us some very unexpected blows that are far beyond the scope of business as usual.

As a real estate professional, helping clients to figure out their best course of action within a market that’s nothing like any of us have ever dealt with before requires an entirely new level of expertise and training.

It is my mission to help homeowners to avoid the indignity and financial devastation of foreclosing on their homes. In the process, I help them to move forward on a positive path.
I invite you to visit my website and contact me if you know someone who I could help. And please feel free to refer my contact information to others within your sphere.

2 things I always remind people:
-Your NOT your house.
-Your NOT your credit report.

Many times, getting a fresh prospective helps to create new outlook on the situation, and a FRESH OUTLOOK ON LIFE....

Take a look at my site and download a copy of my free report entitled “Is the Strain of Foreclosure Crushing You?” Then contact me for a free, confidential consultation.

Download Free Report here

you can download a free report here:

During the holiday time, it can be very stressful dealing with a bad home loan. Many times it helps to get some questions answered and get some peace of mind knowing all of the possible options.

In service, Ty

Is the Strain of Bad Mortgage or Foreclosure Crushing You?

You have options!

There have been many changes since you bought your home in our local marketplace.

If you, a family member, co worker or someone you know is among the 10 million homeowners who are falling further behind every single month because of an unmanageable mortgage payment, then that weight may feel unbearable. But there is actually some encouraging news: Government incentives, coupled with banks willing to help stem the foreclosure tide, are providing new opportunity.

You have options, and foreclosure is not one of them!

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

Take a look at my site and download a copy of my free report entitled “Is the Strain of Foreclosure Crushing You?” Then contact me for a free, confidential consultation.

Download Free Report here

you can download a free report here:

Ty Leon-Guerrero

Real Estate Broker / Real Estate Expert.

800-533-7107 

Significant increase in California Foreclosure Cancellations this fall

 Today, laws and guideline's have changed to where a homeowner may not have clarity on how to proceed when considering a loan modification, principal reduction or short sale. Its also very critical to understand all of liability and risk associated with this process.

What are the risks with:

• Judicial Foreclosure vs. Non- Judicial Foreclosure?
• IRS and state income tax risks?
• Credit risks? Credit repair options?
• Deficiency Judgement risks?
• Unpaid balance collections?

This is original copy written by Ty Leon-Guerrero, Real Estate Broker, and Expert in foreclosure real estate. For more information, you can contact Ty at www.Team1Realty.com or 800-533-7107.

CA - Foreclosure Outcomes

06095 - Foreclosure Filings

06013 - Foreclosure Filings

06055 - Foreclosure Filings

06097 - Foreclosure Filings

Cash to Short Sale Sellers

For a free copy of the report,

call me at: 800-533-7107 or

download here: Free Report

Get cash to sell the home you can’t afford

Since the beginning of the housing crisis, millions of homeowners have found themselves pinned in by their financial circumstances and chained to a mortgage on which they owe more than their home is worth. In the past, homeowners enduring these challenges had very few options, and most would be forced to lose their home to foreclosure.

Today, however, there are more options. The government and the banks have created a multitude of programs and foreclosure alternatives that can help people in these circumstances find a dignified solution for their problems without crippling their financial future. These options include loan modifications, refinancing, or short sales.

The most amazing development in today’s market, however, is one simple fact: Banks are now willing to give cash to homeowners to sell the home they can’t afford.

 Please contact me today if you or someone you know could use my help and wants the latest information about current incentives available to distressed homeowners.

Success with your offer to buy

To better serve you, I've prepared this video for you:

• as a buyer
• as an agent representing a buyer

Please consider watching the video.
It explains how to structure your offer and the buyer loan to have the GREATEST opportunity for acceptance and successful closing.

Please consider the following:

• AS-IS means as-is: All "As-is" addendum's and contracts will be followed. IF buyers inspections/ and or appraisal deem the property in need of repairs, its VERY likely that this deal will be cancelled IF the buyer plans to request / or require the seller to make said repairs. IT'S ALWAYS better to negotiate any possible repairs in the beginning of the offer and negotiations vs. AFTER an acceptance and ratified contract. This will likely result in the LOSS of your buyers inspection and appraisal fees and cause ALOT of wasted time and disappointment for all parties involved.

• IF you clearly see items that cause concern for repairs: Ask for them in you offer with a limit on the dollar amount ( example: missing stove, missing light fixtures to be repaired by seller, not to exceed $800).
• IF you clearly see items that cause concern for repairs: Consider / Consult with a proven-highly skilled loan officer and your buyer for other loan alternatives that may allow this property to qualify for a low down payment loan such as:
• Homepath mortgage
• Homepath renovation mortgage
• FHA 203K streamline (this is different from your regular FHA 203b).

If you need a recommendation for proven-highly skilled loan officer who understands these loan possibilities. 

Thank you for reading and taking consideration :)

Most Areas Past Worst of Foreclosure Crisis but BE CAREFUL

Most Areas Past Worst of Foreclosure Crisis and Foreclosures fall in 62% of U.S. cities: But Be Careful!

Click her to listen to short audio podcast

In recent articles in CNN and The Mortgage News Daily: there's alot of talk about foreclosure rates falling, and being past the worst. I believe that most of these reports and stats have been delayed by the rapidly changing laws and compliance issues banks have been working to adopt.

 The reality is that there's still alot of homes / homeowners SIGNIFICANTLY "under water"(owe more than what the house is valued). These homes are not counted in many of these reports. Many of these homeowners are still paying there mortgage, but struggle to make it each month, with many of them pulling money from savings, retirement accounts, 401k's, credit cards, unsecured credit, and or borrowing from family to make ends meet.

The Changing Real Estate Market

If you are like most people we talk to, the news you hear about real estate can be very confusing, and possibly misleading.  On the one hand, real estate has been one of the hardest hit sectors of the economy, and much of the news still reflects this.  On the other hand, there are some reports about real estate being one of the most positive indicators of an economic recovery.

The truth is that the real estate industry is in a state of change.  There are a few recent developments that bear mentioning, and you can read about it in my recent blog post.  In it, I’ll explain why I think that this market provides something for almost everyone.

If you need to sell your home, if you are in danger of losing your home to foreclosure, have questions, or if you are simply considering buying a new home, there are lots of opportunities for you.

You can always contact me for a free, confidential consultation.  

With gratitude,
Ty