Please come give thanks this Sat 11/29 in Coronado 

Posted by Catherine Fagan Tuesday, November 25, 2014 9:43:00 PM
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Please come this Saturday evening in Coronado to support and thank our troops!


Bring you families and friends for a night of appreciation and gratitude for those who have served and are still serving our beautiful country to keep us safe and free. 
There will be some important people there, hopefully including YOU!
Thank you for your support. 
❤️❤️❤️
Join us for a unique fundraising event showcasing the works of veteran artists and other national artists interpretations of war, patriotism, freedom, resiliency, empowerment and renewed hope. 
LONE SURVIVOR FOUNDATION

 

THE NEED
Overseas deployments and combat action can take a serious toll on everyone involved – from the men and women on the front lines to the friends and families who wait patiently for their loved ones to return home. Transitioning to post-military life, whether wounded in combat or simply adjusting to the civilian sector, will often cause difficulty for the service member and his or her family. We are here to help America's wounded service members and their families adjust to the effects of their experiences by providing an understanding and acceptance of who they are as a person, a family, and a community.
- See more at: http://lonesurvivorfoundation.org/#sthash.K7iDoI2m.dpuf

 

 

www.LoneSurvivorFoundation.org/aow 

 

 

 

 

5 Reasons for you to consider making your move during the holidays/before the Spring :) 

Posted by Admin Tuesday, November 19, 2013 11:59:00 AM
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Some food for thought:
Why it's better to list and sell your home during the holidays and BEFORE the Spring!!

 

 

HOW CAN YOU TELL IF A CONDO IS FHA APPROVED? 

Posted by Admin Monday, November 18, 2013 10:37:00 PM
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It is VERY EASY to pre qualify the complex before looking at a unit for sale in any complex.  If you know you need an FHA (or VA) loan, do not look at a complex unless you first find it on this portal. (And then since there ARE a few loopholes that I know how to finagle to make triple sure, let me call the HOA and the FHA before we discount it):)

https://entp.hud.gov/idapp/html/condo1.cfm 

 
Hope this helps!

Catherine Fagan - Realtor®
Pacific Sotheby's International Realty
858.356.2624
E-mail: Catherine@CatherineFagan.com
Cal BRE #01210747

 

3702 Via de la Valle, Suite 202C | Del Mar  CA  92014

c 858.356.2624 | f 858.724.1189

catherinefagan.com   | BCSVillas.com  |   sothebysrealty.com  |  pacificsothebysrealty.com

 

Let me help you buy a home and get it ready for the holidays! 

Posted by Admin Friday, November 15, 2013 2:28:00 PM
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What the Pact means for Homeowners.... 

Posted by Catherine Fagan Thursday, February 09, 2012 5:15:00 PM
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The $25 billion foreclosure settlement unveiled Thursday is expected to help many borrowers who are struggling to make their loan payments, owe more than their homes are worth or have lost their homes to foreclosure.

But the rules of the deal are complicated and banks have three years to meet their obligations.

The questions and answers below should help borrowers figure out if they qualify for help and what to expect from the process.

Who does the settlement cover? 
The settlement covers borrowers who have loans that are serviced by one of the five big banks: Ally Financial Inc./GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. These banks handle payments on 55% of U.S. mortgages, according to Inside Mortgage Finance.

 

WSJ's Nick Timiraos has details of a $26 billion settlement struck between the U.S. government and large banks over foreclosure abuses. AP Photo/Ross D. Franklin, file

My mortgage is with one of these banks. How do I know if I qualify for help? 
It's going to take some time to figure that out because the settlement has so many wrinkles.

 

What if my loan isn't with one of the banks? 
For now, the settlement covers only the five big banks. Government officials hope to strike a similar deal with nine additional banks.

 

How long is it going to take for me to get help? 
Government officials advise borrowers to be patient. Over the next 30 to 60 days, settlement negotiators will pick an administrator to handle the logistics of the deal. Over the next six to nine months, the administrator, attorneys general and mortgage servicers will work to identify which borrowers get help. Servicers expect to begin reaching out to borrowers in the coming weeks, but they have three years to provide the required help.

 

How will I find out if I qualify? 
Borrowers will get letters from their mortgage company. Each of the five servicers also has a website and a toll-free number for borrowers to get more information. Government officials are encouraging borrowers to contact their mortgage company to see if they qualify for aid.

Here are the links for each servicer as well as the official clearinghouse:

Ally/GMAC 
https://www.gmacmortgage.com/finform/hhstart.htm 
800-766-4622

Bank of America 
http://homeloanhelp.bankofamerica.com/en/index.html?cm_sp=CRE-Mortgage-Refi-_-Home%20Loan%20Assistance%20Q3-_-MR16000S_marketing%20strip_%20ooo-123_hp_lahUmbrella-o 
877-488-7814

Citigroup 
https://www.citimortgage.com/Mortgage/displayHomeOwnerAssistance.do?page=overview 
866-272-4749

J.P. Morgan Chase 
https://www.chase.com/chf/mortgage/keeping-your-home 
866-372-6901

Wells Fargo 
https://www.wellsfargo.com/homeassist/ 
800-288-3212

National Mortgage Settlement

What are the rules for the principal reduction program? 
To qualify for a principal reduction, borrowers have to clear several hurdles. For one thing, borrowers have to be behind on their payments or at "imminent risk" of default. The owner of your loan also makes a difference. Most of the principal reductions are expected to go to borrowers whose loans are owned by the banks, though some borrowers whose loans were packaged into securities may also qualify. The settlement calls for principal reductions on both first and second mortgages.

The deal doesn't cover loans owned or backed by Fannie Mae or Freddie Mac, the government-controlled mortgage companies.

You can go to these websites to find out if you have a Fannie Mae or Freddie Mac loan:

http://www.fanniemae.com/loanlookup

http://www.freddiemac.com/mymortgage

What about the refinance program? 
The refinance program applies only to loans owned by the banks. Also, borrowers have to be current on their loan payments and owe more than their home is worth. The interest rate on loans can be reduced to as low as 5.25%.

 

I've already lost my home to foreclosure. Can I get any help? 
Borrowers who were foreclosed on between 2008 and 2011 are eligible for cash payments. The amount of the payment will depend on how many people file claims, but is expected to be around $1,500 to $2,000.

 

How do I file a claim? 
The settlement administrator will mail notices to eligible borrowers once the process is up and running. Borrowers will have to fill out a simple form, but won't have to prove they were foreclosed on and shouldn't have been. Borrowers who are concerned they will be hard to locate can also contact their state attorney general.

 

That doesn't sound like a lot of money. Shouldn't I get more money if I was foreclosed on and shouldn't have been? 
Government officials say they wanted to create a streamlined process that would quickly get aid to borrowers. Borrowers who think they have been wronged can still file a claim with bank regulators or pursue other options.

 

Is It Better to Buy or Rent? 

Posted by Catherine Fagan Thursday, January 26, 2012 5:00:00 AM
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Try out this handy calculator:

http://www.nytimes.com/interactive/business/buy-rent-calculator.htm

Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home in the calculator below. Click the advanced settings button to change inputs such as your rate of return on investments, condo/common fees and your tax bracket.

Pending Home Sales Fall 11Percent In The West 

Posted by Catherine Fagan Wednesday, January 25, 2012 10:55:00 AM
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The National Association of Realtors® reported today that after reaching a 19-month high, pending home sales eased in December.

Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said. “Contract failures remain an issue, reported by one-third of Realtors® over the past few months, but home buyers are not giving up.”

But, for those of us living in the West, the pending home sales for our region took the largest percentage drop of the regions tracked. The Northeast declined 3.1 percent to 74.7 in December and is 0.8 percent below a year ago. In the Midwest the index rose 4.0 percent to 95.3 and is 13.3 percent higher than December 2010. Pending home sales in the South slipped 2.6 percent to an index of 101.1 in December but are 4.9 percent above a year ago. In the West the index fell 11.0 percent in December to 107.9 but is 3.7 percent higher than December 2010.

Today's news on Pending Home Sales is a  further indication that there will be no snap-back in San Diego home values this year.

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