Moorpark Hyperlocal Short Sale Trends, Has the Moorpark Short Sale Market Been Pulling Back?

By Chris B Johnson Realtor,   Moorpark Short Sale Map- Ventura County Short Sale,

The Moorpark Short Sale Market has been pulling back and prices have recently flattened. Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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Market View for Moorpark

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Average Listing Price                $764,015
for week ending May 21           -$13,126
                                                      -1.7%
Median Sales Price                  $535,000
Feb '14 - May '14                     +$40,000
                                                 +8.1%
Home Standings                   140 Homes for Sale
3      Open Homes

1. Recently Sold

83 Foreclosures

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Average Listing Price	$764,015	-1.7%	w-o-w
Median Sales Price	$535,000	+8.1%	y-o-y
Average Price/sqft	$275	+5.0%	y-o-y
Number of Sales	64	-30.4 %	y-o-y

No. Bedrooms	Feb - May '14	y-o-y	3 months prior	1 year prior	5 years prior
1 bedroom	-	-	-	-	-
2 bedrooms	$370,000	+18.6%	$375,000	$312,000	$242,250
3 bedrooms	$462,000	+7.9%	$478,000	$428,000	$355,000
4 bedrooms	$589,000	+7.1%	$602,500	$550,000	$570,000
All properties	$535,000	+8.1%	$522,500	$495,000	$380,000

Looking for help? I can help you get your Single Point Of Contact, obtain a Loan Modification or Short Sale your property and get back on your feet.

Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this,

Chris B Johnson.

Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
 Phone: 805-208-0823.
email cjohnson@prucalhomes.com.

Certified HAFA Specialist      Certified Distressed Property Expert    Certified Short Sale Negotiator.  

Finding The Right Solution                                               How To Do A Short Sale
How To Write A Hardship Letter                            Loan Modification Kit
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review
Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals
Thousand Oaks Market Update                            Simi Valley Short Sale Trends
Moorpark Market Update                                        Moorpark Market Trends
Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers
Are We Still UnderWater?                                      Which Way Is This Market Headed?
Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment
Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal
Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting
Single Point Of Contact = Success?                    Ventura County Short Sale Market Trends

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

By Chris B Johnson Realtor.  

My Ex Is Short Selling or Home. What Can I Do? Ventura County Short Sales

By Chris B Johnson Realtor, Ventura County, Moorpark CA – The Stop Foreclosure Institute recently received a question from Tom about short sales. Here was Tom’s Question.

“My Ex-wife decided to Short Sell our former house. Unfortunately we both signed the mortgage when we bought the house together. I think that means I am still liable for the debt.

She got the home after the divorce. The court gave her the home in the divorce. The market has declined and the house is worth about 120k less than the mortgage amount.

I have a good job and some assets. Will I have to pay back the bank off the money they lose. (My ex is selling because of financial problems.)

Also, someone said I might have to pay income taxes on the written off debt. Is that true? Please help me out here. Sincerely, Tom.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer. Tom, you probably should talk to a good lawyer. This is not the standard short sale. There might be tax laws that will allow you to not be liable for the tax liability on the written off debt.

In my opinion, the Tax Law allows you to write off most of the forgiven debt on a short sale. Usually you have to short sell the house before the end of 2015 and have lived there for 2 of the last 5 years, but the law is different in California.

Your ex probably meets that criterion. I would think that since she lives in the house, then you wouldn’t be liable for the taxes. But, then again, I am not an accountant and don’t know how the law would affect such a unique situation.

Will you have a deficiency judgment? We can’t know for sure because there are so many variables involved. However, in about 80% to 90% of the time, you won’t have a deficiency.
That is because most lenders just forgive the debt. They have found it tough to collect the upside down debt. Most people are short selling because of financial problems.

They are struggling to avoid bankruptcy without a large deficiency judgment. When they see a $100,000 deficiency, then they will probably just declare bankruptcy. Then the lenders gets nothing anyways.

Check with a competent short sale realtor in your area. They will be able to give you a good idea of whether or not you will have to pay the deficiency. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com.
I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this,


Chris B Johnson.
.Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices
Phone: 805-208-0823.
cjohnson@prucalhomes.com.
Certified HAFA Specialist, Certified Short Sale Negotiator

View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris B Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Moorpark CA Short Sales. Moorpark Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Chris B Johnson,Prudential California Realty, Berkshire Hathaway HomeServices , and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris B Johnson’s personal views and do not reflect the views of Prudential California Realty, Berkshire Hathaway HomeServices  .

This information on Moorpark Short Sales: My Ex Is Short Selling. What Can I Do? is provided as a courtesy to our viewers to help them make informed decisions. Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Certified Distressed Property Expert.

Short Sale Click here..
To Read More About The Potential Tax Consequences of a Short Sale: Click here..
Loan Mod vs Short Sale Click here..

Ventura County Short Sale for Sale By Owner-FSBO Millionaires Use Realtors

By Chris B Johnson Realtor, Ventura County Short Sale, Thousand Oaks Short Sale Map, Simi Valley Short Sale Map, Moorpark Short Sale Map.

I can still hear my parents voice "Do as I say, Not as I do!"  This adage could be no truer today after it has been reported, in a recent Herald Tribune article, that when it came to selling his Florida mansion, Al Bennati, the longtime chief executive of BuyOwner.com, has chosen to list his home with a local real estate agent.
BuyOwner.com is one of many websites out there now that encourage home owners that they do not need to enlist the help of a professional agent to be able to sell their home. They go as far as to tell homeowners:

"BuyOwner.com allows you to reach the most potential buyers in the shortest amount of time, in the most effective (the Internet) and most cost effective manner (no commission!) possible."

Let’s break down that statement:

Myth #1 – The internet is the most effective way to sell your home

Many have said that, with the introduction of home search on the internet, hiring an agent is no longer a necessity. When the time came to list his own home, Bennati went against his own advice saying:

"To sell a home of this magnitude, it needs to be done by a person and a company that reaches buyers of this caliber."

Myth #2 – FSBO’ing is the most cost effective solution

Without proper exposure to the “right kind of buyers” your home will not sell. Many real estate professionals have elaborate strategies to get your listing in front of exactly who needs to see it.
The most recent Home Sellers’ and Buyers’ Profile Report from the National Association of Realtors revealed that, though 92% of buyers search for a home on the internet, 90% still use a real estate professional.
This isn’t the first time that a CEO of a major FSBO website has enlisted the help of an agent when the time came to sell their own home. In August of 2011 we reported on Colby Sambrotto of forsalebyowner.com who, after failing to sell his home using FSBO websites, needed an agent to sell his NYC apartment.
And, he got more money!!!!

Bottom Line

Two separate people made fortunes convincing others to sell their home through their FSBO sites. Yet, when it came to selling their own home, they recognized the value of using a real estate professional.
There is a reason the real estate industry has been around for centuries: it performs a valuable service.

If you would like periodic updates on what is going on in
Your Neighborhoodor the Ventura County Real Estate Market, Click on the Links!

Thanks for reading this,

Chris B Johnson.

Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .

Phone: 805-208-0823.
email cjohnson@prucalhomes.com.

Certified HAFA Specialist      Certified Distressed Property Expert    Certified Short Sale Negotiator.  

Finding The Right Solution                                               How To Do A Short Sale
How To Write A Hardship Letter                            Loan Modification Kit
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review
Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals
Thousand Oaks Market Update                           Simi Valley Short Sale Trends
Moorpark Market Update                                        Moorpark Market Trends
Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers
Are We Still UnderWater?                                      Which Way Is This Market Headed?
Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment
Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal
Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting
Single Point Of Contact = Success?                    Ventura County Short Sale Market Trends

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

Ventura County Short Sales: Can I Rent My Ventura County Home If It Is In Foreclosure?

By Chris B Johnson Realtor,  Thousand Oaks Short Sale Map, Simi Valley Short Sale Map,

Moorpark Short Sale Map- Ventura County Short Sale, 

Moorpark CA – The Stop Foreclosure Institute of Ventura County recently received a question about renting a home in foreclosure.
Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will not be paying the mortgage.
Is it legal to do this? Is there any liability that comes with it?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to them. The Stop Foreclosure Institute is not a law firm. Therefore, we can’t answer as to whether or not it is legal. We recommend that you check with a lawyer before making a decision.
We do know that there are laws forbidding that practice in many states. For example, California recently passed a law that stated that you had to notify any potential renter whether or not the home was in foreclosure before renting.

From what we have heard about the law, if you lease a property in foreclosure and don’t tell the tenants, then it is a criminal offense.

If it was a problem in California, then it was a problem in other states and they probably passed similar laws. We have seen cases in the past where a homeowner sold their home as “Owner Financing.

The home was in foreclosure and buyers filed a police report. The sheriff’s office investigated the homeowner for fraud. The people who thought they were buying the home paid the owner a large down payment.

They didn’t know the home was in foreclosure. He disappeared with their money and they were kicked out by the bank.

We don’t know what ended up happening. The bottom line is that anything fishy can have future repercussions. So check with a lawyer to make sure you won’t have any problems. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this,


Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway Home Services .
Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale
View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris B Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Moorpark CA Short Sales. Moorpark Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice
Chris B Johnson, Prudential California Realty, Berkshire Hathaway Home Services, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris B Johnson’s personal views and do not reflect the views of Prudential California Realty, Berkshire Hathaway Home Services .

This information on Moorpark Short Sales: Can I Rent My Home If It Is In Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.
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About Us

Chris Johnson is a real estate agent with Prudential California Realty. He specializes in helping sellers avoid foreclosure.

Chris joined the Stop Foreclosure Institute to assist homeowners in Ventura County and the surrounding areas. The Stop Foreclosure Institute offers training and education to Real Estate Agents. Chris has been accepted as a member by the Stop Foreclosure Institute. The local members assist homeowners in their area to avoid foreclosure. They are trained in many of the different techniques to avoid foreclosure.

Here are a few of the ways that the Stop Foreclosure Institute can help you avoid foreclosure.

1. We offer a low cost Loan Modification Kit to homeowners who want to use it to reduce their mortgage payment and avoid foreclosure. Getting a loan modification is tough and we include the tools you will need in order to get your best shot at having your lender approve your loan modification.

2. We help homeowners in foreclosure stop harassing debt collector phone calls and regain their sanity. You can stop the Debt Collector Calls. You can even get up to $1,000 from any debt collector who calls you after you request they stop.

3. We assist homeowners who would like to sell their home. We can help you sell normally if you have equity. If you are upside down, then we will assist you with a short sale. This is when the lender allows the house to sell and accepts less than what is owed. Chris specializes in short sales in Ventura County and the surrounding areas.

We believe that selling a home is only one of many options available to homeowners to avoid foreclosure. Please call me at (805) 208-0823 to get more info on the Loan Modification Kit or to discuss a short sale.
Sincerely,

Chris B Johnson
Prudential California Realty.
Office: (805) 208-0823
E-mail: cjohnson@prucalhomes.com

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Simi Valley Short Sale HELP!!Certified Simi Valley Short Sale Specialist
What is my Home Worth? Do I have Equity? Find out here: Click Here.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,
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Should you Short Sell your property?? Go to Short Sale Decision Maker

HyperLocal Short Sale & Market Trends Update for Thousand Oaks

By Chris B Johnson Realtor,  Thousand Oaks Short Sale Map, Ventura County Short Sale, 

The Thousand Oaks Short Sale market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.

Market View for Thousand Oaks

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Average Listing Price
$1,168,710                                          -$52,680
for week ending May 07                      -4.3%

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Median Sales Price
$585,000                                             +$50,000
Feb '14 - May '14                                 +9.3%

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Home Standings

1. 289 Homes for Sale            9 Open Homes                        909 Recently Sold       165 Foreclosures

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Market Trends for Thousand Oaks

Average Listing Price	$1,168,710	-4.3%	w-o-w
Median Sales Price	$585,000	+9.3%	y-o-y
Average Price/sqft	$318	0.0%	y-o-y
Number of Sales	237	-33.8 %	y-o-y

Looking for help? I can help you get your Single Point Of Contact, obtain a Loan Modification or Short Sale your property and get back on your feet.

Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

If you would like periodic updates on what is going on in Your Neighborhoodor the Ventura County Real Estate Market, Click on the Links!

Thanks for reading this,

Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Phone: 805-208-0823.
email cjohnson@prucalhomes.com.
Certified HAFA Specialist      Certified Distressed Property Expert    Certified Short Sale Negotiator.  
Finding The Right Solution                                               How To Do A Short Sale
How To Write A Hardship Letter                            Loan Modification Kit
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review
Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals
Thousand Oaks Market Update                            Simi Valley Short Sale Trends
Moorpark Market Update                                        Moorpark Market Trends
Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers
Are We Still UnderWater?                                      Which Way Is This Market Headed?
Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment
Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal
Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting
Single Point Of Contact = Success?                    Ventura County Short Sale Market Trends

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

By Chris B Johnson Realtor.