MORTGAGE RATES DIP BACK BELOW 4% - TIME TO BUY!! Moorpark Country Club Estates and Moorpark Highlands Luxury Home Specialist #ChrisBJohnsonRealtor

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FROM CHRIS B JOHNSON

Chris B Johnson, Allison James Estates & Homes Elite / BRE #: 01501699 Chris B Johnson Realtor, 587 W Los Angeles Avenue, Moorpark, CA 93021 (w) 805.208.0823 (c) 805.208.0823 Email Me Visit My Website

MORTGAGE RATES DIP BACK BELOW 4% - TIME TO BUY!!

Average fixed mortgage rates continue to fluctuate week-to-week, with the 30-year fixed-rate mortgage dropping below 4 percent this week, offering temporary relief to home buyers and refinancers after... CHECK OUT MORE

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Moorpark Country Club Estates and Moorpark Highlands Luxury Home Specialist #ChrisBJohnsonRealtor

Chris B Johnson, REALTOR®   Buying a Home This Summer     Selling Your Home This Summer

Where Is All The "Shadow Inventory"?

Chris B Johnson, REALTOR®             Your Moorpark Neighborhood Specialists ChrisHasYourBuyer.Info                               Time To Buy #ChrisBJohnsonRealtorSorry, I did not mean Instant access to the Shadow Inventory.....The foreclosure inventory percentage dropped by 22.5 percent year-ove...

07/23/2015

Time To Buy?? Existing Home Sale continue To Rise :-)

Chris B Johnson, REALTOR®                         Your Moorpark Neighborhood SpecialistsChrisHasYourBuyer.Info                               Time To Buy #ChrisBJohnsonRealtor   Existing Home Sales of U.S. homes climbed to an  eight-year high in June as momentum in the  residential real estate mar...

07/23/2015

Where Are Interest Rates Headed? Board of Governors-Federal Reserve System Update

Chris B Johnson, REALTOR®          Time To Buy #ChrisBJohnsonRealtor          Buying a Home This Summer                     Selling Your Home This SummerSummary: In sum, since the February 2015 Monetary Policy Report, we have seen, despite the soft patch in economic activity in the first quarter,...

07/22/2015

Moorpark Real Estate - HyperLocal - Market Insider for July 2015

My Market Insider - Update for July 2015 Dear Moorpark Home Owners,   Chris B Johnson, REALTOR® Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening no...

07/22/2015

The Threat Of Interest Rate Hikes May Not Scare 1st Time Buyers??

Chris B Johnson, REALTOR®                           Time To Buy #ChrisBJohnsonRealtor  The Fed's survey of buyers and renters  found that the impact of interest rates  may be overrated compared to the  even the smallest changes in down  payment requirements. The study  found that dropping the req...

07/21/2015

When Is The Right Time To Lock You Buyers' Interest Rate??

Weekly Mortgage Rate UpdateWith the announcement at the beginning of the week of a Greek bailout deal, the focus returned to the economic data. The major retail sales and manufacturing data was weaker than expected, causing mortgage rates to end the week a little lower. THIS WEEK'S RATE TREND IS ...

07/20/2015

A Dog's Purpose...I Had To Pass This Along

   Being a veterinarian, I had been called to examine a ten-year-  old Irish Wolfhound named Belker. The dog's owners, Ron, his  wife Lisa , and their little boy Shane, were all very attached to  Belker, and they were hoping for a miracle.  I examined Belker and found he was dying of cancer. I  t...

07/18/2015

Greece and The US Subprime Mortgage Market

Like most of you I have been reading about Greece, The EU and The Euro, trying to make sense of it.  It hasn’t been easy.  I read an article recently that clarified matters for me.  Let me quote from it: “…Germany from the mid 2000’s drove its economy by delivering cheap loans to the peripheral E...

Moorpark Short Sale-Is It Too Late To Short Sell My Moorpark Home?

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. 

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 Ventura County-Moorpark-Simi Valley-Thousand Oaks loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. 

In my next Blog entry, I will give you an idea of where the Real Estate market may be headed over the next five years.

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.  

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.

Ventura County Short Sale HELP!! The National Mortgage Debt Relief Act Expired At The End Of 2013, Is It Too Late to Short Sell My Home?

By Chris B Johnson, Realtor. Prior to 2007, short sales were NOT very appealing to home owners in hardship due to the fact that the borrower could be liable to pay taxes on any money forgiven by their lender. The Mortgage Forgiveness Debt Relief Act came to be law on December 20th, 2007.

This important act was great news and gave most home owners in hardship the chance to sell their property as a short sale, and NOT be have to pay income taxes on the money forgiven them by their lender.

The BAD News is, this act expired at the end of 2013. The GOOD NEWS is the IRS and the California State FTB have extended the benefits of the Mortgage Forgiveness Debt Relief Act!! So if you live in the State of California, It is NOT too late.

Are there still homeowners out there that could benefit from a Short Sale? Well, the number of Homeowners in California who have more than 10 percent equity in their residence went up 2.3 percent, or nearly $120,000, in February. The decline in negative equity is certainly good news, but, it is important to keep in mind that 1.2 million California homeowners, or 13.9 percent, remain underwater and will continue to create significant headwinds for the California housing market recovery. Couple this with increase home prices and increasing interest rates, and you can see it will be more difficult for a lot of buyers.

February was another month with lackluster home sales, and the fifth in a row where sales fell short of the same month a year earlier. The March-through-May data will give us a better sense of what's been holding back activity the most – supply constraints or the double-whammy of higher prices and higher mortgage rates. The drop in housing affordability is enough to nudge some out of the market. Other would-be buyers have no doubt called ‘time out’ while re-evaluating their housing priorities, or watching for signs the market has overshot a sustainable price level.

The economy is growing, creating jobs. People who lost homes to a short sale or foreclosure over the last eight years will be looking to buy again. On the supply side, inventory is increasing, as it normally does this time of year, but so far there hasn’t been an explosion of new listings, and new-home construction is still well below average.

If you want an accurate idea of what your home is worth Click Here:

Free Home Valuation

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. 

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 Ventura County-Moorpark-Simi Valley-Thousand Oaks loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. 

In my next Blog entry, I will give you an idea of where the Real Estate market may be headed over the next five years.

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.  

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.

Ventura County-Moorpark Short Sales: I Am Current On My Mortgage, Can I Short Sale My Upside Down Home?

By Chris B Johnson Realtor, Moorpark CA.

 – Moorpark Short Sale Specialist recently received a question from Brent. Here is Brent's Question.

 "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a Moorpark short sale? We would like to sell this property and get another property where we are not upside down. Thank you!” asked Brent.

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

Here was our answer. Brent, there is actually a federal short sale program that encourages what you would like to do. It is called the FHA 4155 loan program. It allows a person that is short selling their house to buy another one right away. However, there are a few caveats.

We have been told that you will need the following. (Guidelines can change at any time, so make sure you check them with a Mortgage Professional familiar with the program.)

 A)  A 640 FICO credit score or better.
 B) You must be current on all installment payments and on your mortgage.
 C) No bankruptcy or foreclosure on your credit in the last 7 years.
 D) The home you are purchasing must be inferior to the one you are selling.

I don’t know the exact guidelines, but I think it means it is a smaller home, or it has less bedrooms or a lower price.

 E) You will need the 3.5% down payment for the new purchase. The biggest hurdle will be getting your current lender to approve the short sale.

Most lenders will approve a short sale. It just takes time and a little patience. But, it is a great opportunity to move on from your upside down property and start building equity elsewhere.

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 Ventura County 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 Real Estate Agent at Prudential California Realty, Berkshire Hathaway HomeServices . Phone: 805-208-0823.
cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist.

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: Can I Short Sale My Upside Down Home? is provided as a courtesy to our viewers to help them make informed decisions.

Moorpark Short Sales: Who is in charge during a short sale?

Moorpark CA – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth. The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to.

Only the home owner can do that. Why is that? Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

 Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property until the lender forecloses. We have had many buyers get angry that a home owner would not accept their lowball offer. “You have to submit my offer to the lender. If you don’t then that would be fraud”, they tell the home owner. You, the home owner are in charge.

That means that you can make the following decisions. You are allowed to pick the buyer’s offer that you think the lender will be most likely to accept. You are allowed to turn down offers that you don’t like for whatever reason. (Maybe the buyers are too picky about the home and want you to make repairs.) You are allowed to turn down offers if the buyer is not pre-approved for a loan. In addition, you can ask the buyer to inspect the property before they write a contract. You are allowed to ask for an earnest money deposit to make sure the buyer is serious about the house. It is your right to do these things for as long as you own the property.

Don’t let anyone tell you otherwise.

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 is a Realtor at Prudential California Realty
 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 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, 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's personal views and do not reflect the views of Prudential California Realty. This information on Moorpark Short Sales: Who is in charge during a short sale? is provided as a courtesy to our viewers to help them make informed decisions. Should you Short Sell your property?? Go to Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also 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 Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com , Certified Home Affordable Foreclosure Alternative Specialist . 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. So Please read http://venturacountyshortsalerealtor.com/?p=948. 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
http://MoorparkShortSaleSpecialist.com/?p=847 


Should you Short Sell your property?? Go to Short Sale Decision Maker

Moorpark Short Sale Question: How Can I Buy Another Home Right After A Short Sale?

Ventura County CA – The biggest advantage a short sale has over a foreclosure is that you can buy your next home much sooner.

Under current lending guidelines, you can buy another home in 3 years after a short sale. After a foreclosure you have to wait 5-7 years in most cases.

 

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

 

(FHA’s current guidelines state that you can get an FHA loan immediately after a short sale, provided that you never missed a payment. If you were in default at the time of the short sale, then you have to wait 3 years before they will approve your loan.)

 

But, what if did miss a payment and you want to buy another home sooner than that?

 

There are loopholes in the Fair Credit Reporting Act. Remember, the law was written to protect consumers. It wasn’t written to protect the lenders!

 

You can use the law to your advantage to get a short sale removed from your credit history. Then, you can fix any other negatives on your credit report.

 

After that, your credit should be good enough to qualify to buy another home.

 

Here is why you can have the short sale removed from your credit report. The Fair Credit Report Act requires lenders do certain things before reporting negative credit.

 

If you lender misses any of these steps, then they are not allowed to post that item to your credit report. Don’t kid yourself; the lenders make mistakes like this all the time.

 

They are more concerned with getting paid than making sure every credit report is done perfectly. A good lawyer that specializes in this can help you.

 

They will know the intricacies of the law and help you get the short sale removed from your credit so you can buy another home. 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 Ventura County 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 is a Real Estate Agent at Prudential Califonia Realty.

 

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

 

Certified HAFA Specialist, Certified Short Sale Specialist

 

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

 

Chris 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 Ventura County CA Short Sales. Ventura County Realtor.

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

Important Notice

Chris B Johnson, Prudential Califonia Realty, 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's personal views and do not reflect the views of Prudential Califonia Realty.

This information on Ventura County Short Sale Question: How Can I Buy Another Home Right After A Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.