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Wednesday, April 30, 2014

Simi Valley Short Sale-Buying beats renting in most of Ventura County

http://www.sellventuracountyhomes.com


In Simi Valley, and all of Ventura County, rents keep rising, and mortgage interest rates remain very low, which is helping to skew the rent vs. buy decision toward buying for those who can afford it.

Many renters may ask themselves why renew a lease, when you can break even on the same home in less time in many areas. 

Your Simi Valley Short Sale Specialist knows that some renters still have to overcome significant hurdles before they can pull the trigger on homeownership. For those renters who can’t qualify for a mortgage or aren’t able to save enough for a down payment on a house, renting can be a more flexible, and often far less frustrating option for many people.

Because conditions for buyers and renters can vary dramatically even within cities themselves, Realtors need to study the breakeven horizons down to the neighborhood level in order to give potential buyers and renters the most insight into local conditions where they’re considering living.

For example, the breakeven horizon for Ventura County is roughly 2.8 years, but home shoppers who purchase in the some Simi Valley neighborhoods will break even after 1.4 years, while those who buy in some Wood Ranch neighborhoods will need to stay in their home 11.7 years for buying to be a better financial decision.

Many Simi Valley Homes Appreciated by over 20% Last Year.  If you are an Owner who is thinking of selling, yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:       
http://www.ChrisBJohnsonRealtor.com 805.208.0823
               


You may now have enough EQUITY in your home to sell WITHOUT having to be “short”. If you are thinking about a short sale I can help you get an accurate value for your home and get back on your feet. 

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

Thanks for reading this, 


Phone: 805-208-0823. 

Certified HAFA Specialist,                                             Certified Short Sale Negotiator.  
  PSC Sealfdcpa-TrainedHAFA Specialist Certification SealNEWPSCMystery  CDATtrained

Thousand Oaks Market Update                            Simi Valley Short Sale Trends  
Moorpark Market Update                                        Moorpark Market Trends
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

Monday, April 28, 2014

Buy vs Rent. Either Way, You’re Still Paying a Mortgage-Ventura County Short Sale Realtor


Ventura County Home Sales For Last Month were 26.9 percent below the average number of sales – 24,115 – the lowest since 1988. Sales haven’t been above average for any month in more than seven years.

We see multiple reasons for this: The inventory of homes for sale remains thin in many markets. Investor purchases have fallen. The jump in home prices and mortgage rates over the past year has priced some people out of the market, while other would-be buyers struggle with credit hurdles. Also, some potential move-up buyers are holding back while they weigh whether to abandon a phenomenally low interest rate on their current mortgage in order to buy a different home.

If you are renting, this could be your time to buy. There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since prices and interest rates are still at bargain prices.

Many Ventura County Homes Appreciated by over 20% Last Year.  Yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:      
http://www.VCNeighborhoodValues.com
                
MarketSnapShot

You may now have enough EQUITY in your home to sell WITHOUT
having to be “short”. If you are thinking about a short sale I can help
you get an accurate value for your home and get back on your feet. 

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

Thanks for reading this, 



Phone: 805-208-0823. 

Certified HAFA Specialist,                                             Certified Short Sale Negotiator.  
  PSC Sealfdcpa-TrainedHAFA Specialist Certification SealNEWPSCMystery  CDATtrained

Thousand Oaks Market Update                            Simi Valley Short Sale Trends  
Moorpark Market Update                                        Moorpark Market Trends
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



Sunday, April 27, 2014

Simi Valley Short Sale Specialist-HyperLocal Short Sale Market Update for Simi Valley

 

Simi Valley Short Sale Map 805.208.0823By Chris B Johnson Realtor
Visit NAR’s Short Sales and Foreclosure Resource Certification
Simi Valley CA. Short Sales, Compared to the same period one year ago, the median home sales price increased 11%, or $44,000, and the number of home sales decreased 35.1%. There are currently 464 resale and new homes in Simi Valley, including 24 open houses, as well as 317 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Simi Valley CA was $589,072 for the week ending Apr 23, which represents a decrease of 1.2%, or $7,163, compared to the prior week.

Market View for Simi Valley
Average Listing Price
$589,072         for week ending Apr 23                       -$7,163                        -1.2%

Median Sales Price
$444,000         Jan ’14 – Apr ’14                      +$44,000         +11.0%
Home Standings
Average Listing Price$589,072-1.2%w-o-w
Median Sales Price$444,000+11.0%y-o-y
Average Price/sqft$277+4.9%y-o-y
Number of Sales229-35.1 %y-o-y

Many Ventura County Homes Appreciated by over 20% Last Year.  Yours may have now have enough equity to sell without being “Short”.

http://www.VCNeighborhoodValues.comPricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:  

You may now have enough EQUITY in your home to sell WITHOUT
having to be “short”. If you are thinking about a short saleI can help
you get an accurate value for your home and get back on your feet.
If you would like periodic updates on what is going on in Your Neighborhood
or 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 Short Sale Negotiator.  
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

About chrisbjohnsonrealtor

Behind on your Mortgage Payments?, Stop Foreclosure, Postpone the Auction, get Loan Modification Help and Short Sale Help! I am a Certified Pre-Foreclosure Specialist, Certified Home Affordable Foreclosure Alternative Specialist (HAFA) Certified Short Sale Negotiator, Certified Short Sale Specialist, Chartered Financial Consultant and Home Retension Specialist. For more. please see my profile on LinkedIn and Google.
This entry was posted in Foreclosure Help, Loan Modification, Principal Reduction Help, Real Estate, Short Sale, Simi Valley Short Sale Help, Stop Foreclosure Auction, Uncategorized, Ventura County Short Sale Help. Bookmark the permalink. Edit

Wednesday, April 23, 2014

Moorpark Short Sales: Does Fannie Mae Pursue Deficiencies? Will I Be Issued A Deficieny Judgement?


The Stop Foreclosure Institute recently received a question from Steve. Here is his question. “We are doing a short sale with one of the largest nationwide banks. I told them I wouldn’t do the short sale unless they specifically changed their short sale approval letter to completely release me from the deficiency.

 The short sale negotiate told me that Fannie Mae would not allow them to release the deficiency. I read somewhere that Fannie Mae doesn’t pursue a homeowner after a short sale. I don’t know who to believe. What do you think? Steve.”

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

  Here is the answer to Steve’s Question. Steve, in my opinion, you are being lied to by the people at the bank. Fannie Mae and Freddie Mac do not pursue deficiencies in most cases. They have said they may pursue a deficiency when the property is an investment property, or they determine that the owners are strategically defaulting.

They just write off the loss and move on. I don’t know how they determine if you are “strategically defaulting.” Unless you are one of those two, then the people at the bank are not telling you the truth.

 In fact, we recently sold a Fannie Mae short sale and the short sale approval letter gave the seller a complete release. In another situation, there is a large nationwide lender that has short sale approval letter that do not offer anyone a release. This lender has written their approval letters so that is leaves the collection rights with the loan owner after the short sale. The way the loan owner can pursue if they decide to do so. 

This lender is infamous for not changing the clause of their approval letter. We had a short sale with them. The loan was a Freddie Mac Loan. We were able to convince them to change the approval letter because we all knew the investor wouldn’t pursue the home seller for a deficiency. So, go back and tell the lender about your newfound knowledge. If they still won’t budge, then threaten to contact Fannie Mae direct.

Luckily, we have even more protection since we live in California. The Legislature in California passed
SB 584, The Anti Deficiency Law, for more information, CLICK HERE

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 Negotiator, Certified Distressed Property Expert
 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 JohnsonPrudential 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: Does Fannie Mae Pursue Deficiencies? is provided as a courtesy to our viewers to help them make informed decisions.

Monday, April 21, 2014

Which Way Is This Market Headed?? For Ventura County Short Sales??



The jump in median home prices in March was somewhat of a surprise given the lackluster sales volume since last summer. This past month, seasonal demand and lack of inventory drove up prices. In addition, higher priced non-distressed properties now comprise nearly 80% of total sales volume, up from 64% a year ago.

California single-family home and condominium sales were up 20.9 percent in March 2014 from February but were down 13.3 percent from March 2013.  Both distressed and non-distressed property sales posted gains for the month.  March 2014 distressed property sales gained 7.4 percent from February, while non-distressed property sales were up 25.2 percent.
Despite the nice jump in March home sales, sales continue to be slower than we’ve seen since 2008,” The supply of lower-priced distressedproperties is disappearing at a rapid clip and is not being replaced by an adequate supply of non-distressed properties.

The March 2014 median price of a California home hit its highest level since March 2008, rising $16,000, or 4.6 percent, to $366,000 from $350,000 in February. On a year-ago basis, median home prices jumped 13.3 percent.   Driving the month-over-month price increase in March was a 25.2 percent increase in the sales volume of higher priced non-distressed properties.

While the decline in negative equity will help with the lack of inventory problem, It is important to keep in mind that nearly 1.2 million California homeowners, or 13.5 percent, remain underwater which continues to create significant headwinds for the California housing market.

Many Ventura County Homes Appreciated by over 20% Last Year.  Yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:     
                  MarketSnapShot

You may now have enough EQUITY in your home to sell WITHOUT
having to be “short”. If you are thinking about a short sale I can help
you get an accurate value for your home and get back on your feet. 

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

Thanks for reading this, 



Phone: 805-208-0823. 

Certified HAFA Specialist,                                     Certified Short Sale Negotiator.  
    
Thousand Oaks Market Update                            Simi Valley Short Sale Trends  
Moorpark Market Update                                      Moorpark Market Trends
Are We Still UnderWater?                                     Which Way Is This Market Headed?