Stop the Lender’s collections calls and collect Lender’s funds to start over

Only 9% of property owners qualify for loan modifications and most of those owners lose their property to foreclosure.within two years of receiving the modification because loan modifications benefit the bank not the consumer. My short sale approval is 90%, because I work with motivated sellers who want to end the financial nightmare and get back on the road to financial health.

Interested in the detailed benefits of a property shortsale.

Contact me today.

jaynelle realtor

These short sale sellers are homeowners again!

Their short sale was completed in 2009 and they were able to buy a new home in 2011 at a substantially reduced price and better interest rates.

recent sale

One of my latest successful transaction of 2011.

I sold the seller this home in 2006: My clients tried for 12 months to obtain a loan modification. They could not obtain one, So they hired to short sell it. The property have multiple offers in days, but two sets of buyers walked away, an another buyer could not obtain a loan. The sale process was five months. The time delay are due to buyers. I never stop marketing your property until a qualified buyer get your keys !

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

There are both credit and financial benefits for a property short sale

Some Lenders will pay you up to $20,000. Many people, who completed a short sale can qualify for first time homebuyer incentives. My team of qualified, nationally recognized lenders, are standing by to qualify you for your next home, today.

Seriously considering a short sale and not a loan mod, I can solve your problems with a successful short sale.

Completing a short sale will remove the nightmare of collector phone calls at all times of the day and night, unopened registered letters from your lender threatening foreclosure, appraisers showing up at your front door claiming a right to inspect your property, agents driving by and taking pictures in front of the neighbors and most importantly, remove the worried look in the eyes of your spouse and your children.

Short Sale Humor or Horror Video!

quick short sale

Completed entire Short Sale in less than 45 days !

Only 66% of short sales are completed. I have a 90% percent lender acceptance which includes banks that NEVER approve a short sale. My success is due to two factors: great property selling skills and lender short sale process efficiency. Short sales can be completed quickly if the property sells fast and the offer is structured for lender acceptance.

residential income property short sale

Residential Income Properties also qualify for a short sale without recourse.

I sold both the seller’s residential income property and their home. They needed mortgage relief to operate their business. In addition to starting a successful business I expect a call from them to start shopping for a new home later this year.

Bay Area Home Sales Database for Contra Costa – Weekly Updates at SFGate.com – SFGate

Watermark Properties – www.ebpre.com

Bay Area Home Sales Database – Weekly Updates at SFGate.com – SFGate.

Oakland is top city in home value turnaround

Oakland tops the list of turnaround cities

Check out this neat infographic posted by the California Association of Realtors. The Realtor.com list shows the top 10 turnaround towns in the country, based on inventory, median list price, days on the market and search and listing activity.

Leading the way: Oakland, Orange County and the Santa Barbara area.

See the newest listings in Oakland and contact us for details and viewings

 

DQ Custom Housing Reports Bay Area

La Jolla, CA.–The median price paid for a Bay Area home moved above the half-million-dollar mark for the first time in almost five years, pushed up by pent-up demand, an improving economy, investor activity, low mortgage interest rates and constrained supply, as well as a continued decline in distressed sales, a real estate information service reported.

The median price paid in the nine-county Bay Area rose to $510,000 in April. That was up 17.0 percent from $436,000 in March, and up 30.8 percent from $390,000 in April a year ago, according to San Diego-based DataQuick.

The 17.0 percent month-to-month increase is the highest in DataQuick’s Bay Area statistics, which go back to 1988.

“There’s somewhat of a perfect storm here, statistically speaking. The pent-up demand, the economy, interest rates, investor buying. Everything is in alignment right now, but that won’t always be the case. Also, it’s easier to regain lost ground. A major element to watch for between now and fall is how many homes are put on the market at these higher price points,” said John Walsh, DataQuick president.

The Bay Area’s median sale price first passed the $500,000 threshold in May 2004, when it rose to $501,000. It continued rising and held well above that level for four years, then dropped below $500,000 in June 2008 as home prices tumbled. From its $665,000 peak in June/July 2007 to its $290,000 trough in March 2009, the median plunged 56.4 percent, or $375,000. As of last month most of the Bay Area’s peak-to-trough loss had been regained. The median was up $220,000 from its March 2009 trough, meaning it had made up about 59 percent of its loss.

Much of the median’s ups and downs the last five years can be attributed to shifts in the types of homes sold. When the recession hit, low-cost inland foreclosures dominated, while sales in mid- to high-end markets languished. In recent months the opposite has been the case: Sales of pricier move-up homes have surged and sales of low-cost foreclosures have plummeted.

It appears a little more than half of last month’s 30.8 percent year-over-year increase in the median was price appreciation, while the rest was shifts in market mix.

A total of 7,621 new and resale houses and condos were sold in the nine-county Bay Area in April. That was up 5.2 percent from 7,243 the month before, and down 0.6 percent from 7,667 for April a year ago. Sales have fallen year-over-year for three consecutive months, mainly reflecting the constrained inventory of homes for sale.

Historically, sales have increased an average of 4.2 percent from March to April. Since 1988, when DataQuick’s statistics begin, April sales have varied from 5,636 in 1995 to 14,430 in 2004. Last month’s sales were 15.6 percent below the April average of 9,033.

The number of homes that sold in April for less than $500,000 decreased 25.7 percent year-over-year, while the number sold for more increased 24.9 percent, DataQuick reported.

Last month distressed property sales – the combination of foreclosure resales and “short sales” – made up about 24 percent of the resale market. That was down from about 27 percent in March and 44 percent a year ago.

Foreclosure resales – homes that had been foreclosed on in the prior 12 months – accounted for 8.5 percent of resales in April, down from a revised 10.2 percent in March, and down from 21.9 percent a year ago. Last month was the lowest since 8.2 percent in October 2007. Foreclosure resales peaked at 52.0 percent in February 2009. The monthly average for foreclosure resales over the past 17 years is about 10 percent.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 15.0 percent of Bay Area resales last month. That was down from an estimated 16.4 percent in March and down from 22.1 percent a year earlier.

Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 48.1 percent of last month’s purchase lending, up from a revised 43.2 percent in March, and up from 35.8 percent a year ago. Last month’s jumbo share was the highest since August 2007 when it was 58.6 percent. Jumbo usage dropped as low as 17.1 percent in January 2009.

Adjustable-rate mortgages (ARMs), an important indicator of mortgage availability, accounted for 14.4 percent of the Bay Area’s home purchase loans in April. That was up from a revised 13.1 percent in March, and down from 14.9 percent in April last year. Since 2000, ARMs have accounted for 48.2 percent of all purchase loans. ARMs hit a low of 3.0 percent of loans in January 2009.

Government-insured FHA home purchase loans, a popular choice among first-time buyers, accounted for 11.0 percent of all Bay Area home purchase mortgages in April, down from 11.5 percent in March and down from 18.4 percent a year earlier. In recent months the FHA level has the been the lowest since summer 2008, reflecting both tougher qualifying standards and the difficulties first-time buyers have with competing with investors and other cash buyers.

The most active lenders to Bay Area home buyers last month were Wells Fargo with 13.8 percent of the market, RPM Mortgage with 4.3 percent, and Stearns Lending with 3.7 percent.

Last month absentee buyers – mostly investors – purchased 24.2 percent of all Bay Area homes. That was down from a revised 27.0 percent in March, and up from 23.5 percent a year ago. Absentee buyers paid a median $362,000 in April, up 31.6 percent from a year earlier.

Buyers who appear to have paid all cash – meaning no sign of a corresponding purchase loan was found in the public record – accounted for 27.8 percent of sales in April. That was down from 30.8 percent the month before and down from 28.3 percent a year earlier. The monthly average going back to 1988 is 13.0 percent. Cash buyers paid a median $365,000 in April, up 35.2 percent from a year earlier.

San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. Because of late data availability, sales were estimated in Alameda, San Francisco and San Mateo counties.

The typical monthly mortgage payment that Bay Area buyers committed themselves to paying last month was $1,821. That was up from $1,581 in March, and up from $1,492 a year ago. Adjusted for inflation, last month’s payment was 35.8 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 52.6 percent below the current cycle’s peak in July 2007.

Indicators of market distress continue to decline. Foreclosure activity remains high by historical standards but well below peak levels reached several years ago. Financing with multiple mortgages is low, down payment sizes are stable, DataQuick reported.

DQ Custom Reports Bay Area ReleaseD.

DQNews – California April House Sales – Press Release

An estimated 39,051 new and resale houses and condos sold statewide last month. That was up 3.4 percent from 37,764 in March, and up 2.1 percent from 38,241 sales in April 2012, according to San Diego-based DataQuick.

Last month’s sales count was the strongest for an April since 48,894 homes were sold in April 2006. California April sales have varied from a low of 27,625 in 1995 to a high of 71,638 in 2004. Last month’s sales were 11.1 percent below the average of 43,920 sales for all the months of April since 1988, when DataQuick’s statistics begin.

The median price paid for a home in California last month was $324,000, which is the highest for any month since the median was $328,000 in June 2008. Last month’s median was up 3.5 percent from $313,000 in March and up 22.7 percent from $264,000 in April 2012. April was the 14th consecutive month in which the state’s median sale price rose year-over-year. In March/April/May 2007 the median peaked at $484,000. The post-peak trough was $221,000 in April 2009.

Of the existing homes sold last month, 13.5 percent were properties that had been foreclosed on during the past year – the lowest level since foreclosure resales were 12.6 percent of the resale market in September 2007. Last month’s figure was down from a revised 15.0 percent in March and 30.3 percent a year earlier. Foreclosure resales peaked at 58.8 percent in February 2009.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 17.7 percent of the homes that resold last month. That was down from a revised estimate of 19.7 percent the month before and 23.9 percent a year earlier.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,157. That was up from $1,134 in March and up from $1,010 a year earlier. Adjusted for inflation, last month’s typical payment was 49.8 percent below the 1989 peak of the prior real estate cycle, and 59.3 percent below the 2006 peak of the current cycle.

DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.

Indicators of market distress continue to decline. Foreclosure activity remains well below year-ago and peak levels reached several years ago. Financing with multiple mortgages is low, while down payment sizes are stable, DataQuick reported.

Media calls: Andrew LePage (916)456-7157 or alepage@dqnews.com

DQNews – California Press Release.

Bay Area Housing Prices Take Big Jump | NBC Bay Area

U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006.

A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor’s/Case-Shiller home price index released Tuesday also showed that all 20 cities measured by the report posted year-over-year gains for the third straight month. And prices rose in 15 cities in March from February. That’s up from only 11 in the previous month.

house

The monthly figures aren’t seasonally adjusted and may reflect the beginning of the spring buying season.

Prices rose in Phoenix by 22.5 percent over the past 12 months, the biggest gain among cities. It was followed by San Francisco (22.2 percent) and Las Vegas (20.6 percent). New York City had the smallest year-over-year increase at 2.6 percent, followed by Cleveland at 4.8 percent.

“Rising home prices may begin to alleviate a lack of housing inventory …

Bay Area Housing Prices Take Big Jump | NBC Bay Area.

Bay Area median home price hits $510,000 – SFGate

 

 

 

 

(05-15) 17:20 PDT San Francisco — Eager Bay Area buyers propelled the region’s median home price above a half-million dollars in April – its highest point in almost five years – reflecting a market continuing to rebound, according to a real estate report released Wednesday.

The $510,000 median for the nine-county Bay Area represents a jump of 30.8 percent from a year ago and a record 17 percent above March’s median price, said DataQuick, a San Diego real estate service that produced the report.



Read more: http://www.sfgate.com/business/article/Bay-Area-median-home-price-hits-510-000-4520145.php#ixzz2TTGbn6wl

Bay Area median home price hits $510,000 – SFGate.

San Francisco & Bay Area Home Price Maps | The Basis Point

map

The San Francisco and broader Bay Area housing markets have been on a tear this year, and especially in the last two months, with multiple bids on almost all properties. Here are the latest updates (through April 30) on home prices throughout the Bay Area and each neighborhood in San Francisco—in easy-reference map format from my friend Patrick Carlisle at Paragon Real Estate Group. Note there are two San Francisco maps: one for houses and one for condos.

San Francisco & Bay Area Home Price Maps | The Basis Point.

Hercules CA Home Market Report – contact us for details !

The number of active listings in Hercules dropped by 60% from the previous month.

The median number of days active properties have been listed is 55. This is significantly shorter than the national average.

The number of sales in February dropped by 80.6% from the previous month.

$358,870
Median Listing Price
77
Median Days on Market
8
Active Listings
37.5%
Distressed Listings
(foreclosures and short sales)

Contact us for Hercules Active listings and information.

 

Read Watermark Properties -Hercules CA  Market Insider.

Looking for a El Cerrito Home ? Check here and see the open houses

open homes

West Contra Costa Open Houses This Weekend

Sparkling executive home in El Cerrito view. Three bedrooms, 2 full baths. Totally remodeled 4 years ago with new kitchen cabinets, granite counters in kitchen and bath, Japanese style face bowls in bath, tile tub surrounds. Master retreat or large bedroom with separate cooktop. Artist studio

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GONE ! View El Cerrito Listings

Listing Courtesy of JAYNELLE BELL, WATERMARK PROPERTIES

poinsett  listingbalfour listings
balfour listing
balfour listing

5424 Poinsett Avenue, El Cerrito CA – $615,000
Sparkling executive home in El Cerrito view.

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