Escondido, CA Real Estate News

By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
RATE LOCK ADVISORY August 13 , 2009,  6:30  AM PST Rate Lock Advice:  FLOATMBS prices are now up +5/32, from down -6/32 before the release of today's weaker than expected economic data. When MBS prices are up yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage UP 0.05% at 5.35% on Aug.12 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 5.084% Up 0.067%. 10 Year Treasury currently 3.680% Down -0.04% DJI stocks 9,371.74, Up 10.13, 0.11% European and Asian Markets Up 1.28% Nymex Crude Oil currently $73.54 Up $0.47  Today, Retail Sales, Import Prices, and Jobless Claims will be released at 8:30 AM ET. There will be a 30-yr Treasury auction at 1:00 AM ET. WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the valu...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
The Stone Brewing World Bistro and Gardens in Escondido California is a fabulous place for lunch (and dinner, too, I imagine). I had my first meal there today - what a cool place, both inside and out.  Stone Brewing Company is celebrating their 13th year (more on that in a moment) and is located at 1999 Citracado Parkway in Escondido, not far from the 78 freeway and the Nordahl Road exit. It's rather a surprise, given the industrial location, but consider that it IS a brewery that happens to have terrific gardens, 2 great bars (one inside, one outside) and both indoor and outdoor dining with fabulous views of the lush gardens, koi pond, and, from the inside, views of the brewery itself through 2-story glass walls.  They have a great menu - I enjoyed their Bruschetta BLT Sandwich ("Organ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage RATE LOCK ADVISORY August 11 , 2009,  8:00  AM PST Rate Lock Advice:  FLOATMBS AM prices are up +10/32. This AM, 2 Qtr Productivity showed an increase of 6.4%, above the consensus forecast of 5.5% but there was little immediate impact. When MBS prices are up yields (rates) are down. NOTE: Lock advice can change throughout the day.  click for updates. National Average Fixed Rate Mortgage UP 0.04% at 5.35% on Aug.10 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 5.071% Down 0.099%. 10 Year Treasury currently 3.70% Down -0.1% DJI stocks 9,243.64,Down -94.31, -1.01% European and Asian Markets ...
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By Steve Hall, Make the Call to Hankins and Hall
(RE/MAX United)
The Escondido Children's Museum and Brecht BMW present "Diamonds are Forever" This exciting event to be held on October 3rd will benefit the Escondido Children's Museum.  The $125 ticket includes a gourmet dinner, unique opportunity drawings and auctions, casino games and of course, "James Bond" trivia.  Formal "Bond" attire is requested but not required.  This spectacular event will be held at Brecht BMW and the Bond theme is "A Night in Monte Carlo" The science based Escondido Children's Museum hosts over 10,000 eager learners every year and truly makes a difference in our community. Please share this information with all of your friends and neighbors.  Order tickets on line at www.escondidochildrensmuseum.org or call 760-233-7755  
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
July 31 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Opened Down 0.066% at 4.915% 10 Year Treasury currently 3.480% Down -0.19%  Lock Advice: FLOAT. MBS yields were down today. GDP fell -1.0%, compared to a consensus of -1.5%.   Yesterday's successful 7-yr auction eased the concerns of investors, and MBS Yields have continued improving this morning and closed at the lowest levels of the week.     DJI stocks 9,171.61, Up 17.15, 0.19% European and Asian Markets Up 0.295% Nymex Crude Oil currently $70.88 Up $2.02 WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection Where ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
July 30 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Up 0.026% at 4.982% 10 Year Treasury currently 3.640% Down -0.05%  Lock Advice: FLOAT. MBS were up and down today with a 12/32 price swing, ending on the upside.  Relief that the 7-Year Treasury auction went well helped MBS markets. DJI stocks closed today at 9,154.46  +83.74  +0.92% European and Asian Markets Up 1.68% Nymex Crude Oil currently $68.90 Up $3.57 WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection Where are the best rates: Mortgage Brokers or Direct Lenders?  Rate Survey The dreaded Stealth Rate Shoppe...
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Over the past few months I've been talking with clients about the recovery in our San Diego housing market....and how things are getting better in a lot of other areas like Arizona...Well, the mainstream media has finally picked up the scent....it only took them four months...that's pretty good!! Here's an article from the AP that talks about bidding wars for foreclosed homes in Phoenix... Low-priced foreclosures incite bidding wars  Jul 20 01:14 PM US/Eastern  By JONATHAN J. COOPER Associated Press Writer    http://www.breitbart.com/article.php?id=D99IABTO3&show_article=1 There is a quote in this artivcle that says the clients were making three offers a day on properties they haven't even seen!!!! That reminds me of the old saying..."The definition of insanity is performing the same ac...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Risk Based FHA UFMIP In 2008, FHA decided to change UFMIP from a fixed amount to a variable risked based UFMIP, an amount that would vary depending on the loan-to-value and credit score of the borrower.  Then, before risked based UFMIP was put into effect Housing Bill HR 3221 placed a moratorium on Risk Based Pricing Beginning October. 1, 2008 and ending September. 30, 2009.  The way it is presently structured, once it goes into effect, Risk Based UFMIP will vary from a low of 1.25% for borrowers with 680 or better credit scores to 2.25% for borrowers with credit scores below 600. FHA charges two types of Mortgage Insurance Premiums; Up Front Mortgage Insurance (UFMIP) and Monthly Insurance (MIP).  The borrower pays each and it protects the lender in the event of default. FHA UFMIP is a...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Tips for Selling Your Home on Lake Hodges, Escondido If you are interested in selling your home on Lake Hodges in Escondido or anywhere else in San Diego County and beyond, you will have to be sure that your home is in "tip top" shape. This means that it has to be in great show condition: beds have to be made, dirty laundry needs to be tucked away in closed hampers, counters need to be clear, etc. It's a challenging job to prepare your home for sale either in Lake Hodges in Escondido, or anywhere else for that matter. Here are some helpful tips from Annie Pinsker-Brown, a home stager in Los Angeles, California about how to clean up and "stage" your bookshelves and built-in units: 1) Keep some shelves EMPTY! Remember the idea here is to show an abundance of storage space. So if you have ...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Short Sales in Hidden Meadows: Common Seller Questions If you are thinking about selling your home in Hidden Meadows, Escondido or anywhere in San Diego County and you owe more on your loan then your home is worth, you may be participating in a short sale. Most homeowners who are considering a short sale have questions. And . . . rightly so! Participating in a short sale in Escondido, Hidden Meadows, or beyond is stressful and should not be treated lightly. Here are the answers to some common seller questions about short sales: How will a short sale affect my credit? Depending upon how the short sale is negotiated and the agreement made at the bank, it is possible that the short sale could have only a small impact on your credit score. However, the missed mortgage payments (if there are...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Short Sales in the Escondido Country Club: Getting Familiar with the Process If you live in the Escondido Country Club and need to sell your home right now, you may need to participate in a short sale. A short sale occurs when you are "upside down" on your mortgage-when you owe more on your loan then your property is worth. That's where a Realtor® can help. A Realtor® experienced with short sales can negotiate with the bank that services your loan for them to accept the current market value and forgive the difference. If you live in or around the Escondido Country Club area of Escondido in the North San Diego County, then you probably are already familiar with the term, short sale. The process, however, can be tricky and time-consuming and it helps to be familiar with the short sale pro...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Short Sales in Escondido, California are now a great way to buy a home! If you are considering purchasing property in Escondido, California, you should definitely thinking about buying a short sale. In North San Diego County, many property owners have found themselves "upside down" on their homes. Sadly, many more individuals have found themselves unable to make their mortgage payments. As a result of this, there are many wonderful properties listed for short sale not only in Escondido but throughout the North County. Buying a short sale is not for the faint of heart; it takes patience and a good understanding of the process. First off, a buyer must understand that the purchase price is ultimately decided by the bank. It does not matter whether you offer, say $100,000, and the seller ac...
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Hello and Welcome to Escondido California Foreclosure Auction, Bank Owned REO, Short Sales, and Homes for Sale. July 20th, 2009 Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone.   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them. Here are some of the latest statistics from Foreclosure Radar hot off the press for June 2009.  If you are unfamiliar with some of the following terms please read below for further explanations. Notice of Defaults for California rose by 11.8% to the second highest level on record at 45,691 f...
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By Cody Haworth, Carlsbad Homes for Sale
(Four Seasons Properties)
Hello and welcome to Escondido Foreclosure Homes. During the recent down turn Escondido home prices have experienced declines due to the overwhelming number of foreclosures and the tightening of credit. The region also faces pressure due to the recent rises in unemployment. So the question to ask, Is there opportunity to buy in this market? We believe the answer is Yes, but only with the right approach. The potential silver lining and opportunity here is the following: According to Dataquick, in the month of May, 2009 there were 3,094 sales in San Diego county which represents a 8% increase in sales volume over May of 2008. The median home price for San Diego has actually increased by 15,000 over the last 3 months to 295,000. The median home prices in Escondido for that same 1 year per...
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By Steve Hall, Make the Call to Hankins and Hall
(RE/MAX United)
During the holiday weekend, in between writing offers and showing property, we took a little time to go on a short hike in Escondido at Daley Ranch.  Although there are over 20 miles of multi-purpose trails, we hiked only about 5.5 miles on a very easy trail.   For more information on Daley Ranch, the trails and the history, visit the City of Escondido website.
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By Lela Hankins, CDPE, CRS, e-PRO, GRI
(RE/MAX UNITED)
It was almost a year ago we started working with Darren and Shona.  They were newlyweds looking to buy their first home.  At last count, we had shown them over 60 homes in North San Diego County.  I may have lost track on a few.  If I was out of town representing Women's Council of Realtors, my husband, Steve, would show them homes.  We wrote several offers along the way.  Sometimes with as many as 20 other buyers competing for the same home.  Their price point is a fast moving section of our market.  Finally, we found another house that would fit their needs.  It was a bank owned property built in 1971, complete with shaggy, smelly dirty green shag carpet, outdated wallpaper that looked like it could be Christmas wrapping paper, and linoleum that I'm sure is the same pattern that was i...
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By Cody Haworth, Carlsbad Homes for Sale
(Four Seasons Properties)
Escondido California Foreclosures, Bank Owned REO, Short Sale, and Homes for Sale June 29, 2009 Real Estate Silver lining or still too early to tell? Lets look at the numbers... May 2009 Foreclosure, REO, and Short Sale update. According to Foreclosure Radar (A service which tracks every single foreclosure daily in the state of California) in the month of April Foreclosure notices in the state of California saw a decline while foreclosure sales rose in the state of California. Sales at the actual foreclosure auction rose by 32 percent overall.  According to estimates foreclosure sales sold to third party investors at an average of a 28% discount from estimated market value. Notices of default dropped by an estimated 4.2% from the record level set the prior month.  Notices of Trustee sal...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Are the kids out of school yet? Are they driving you crazy? Don't have money to send them to camp? Well, here are some great summer activities in the city of Escondido for locals and vacationers alike: Starting June 13, 2009, you can participate in an Ocean Adventure at the Escondido Children's Museum. Here you can journey under the sea and learn about the mysteries of sea life. Kids can even examine shells and make their own fish that they can take home! On July 11, 2009, the Children's Museum will host Pioneer Day where visits are made to a pioneer schoolhouse to learn about the old west_  making candles, churning better, working with leather. August 8, 2009 is Everything Desert Day. Reptile experts will be on hand with live reptiles, and there will even be a take home project using d...
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By Cody Haworth, Carlsbad Homes for Sale
(Four Seasons Properties)
Hello and Welcome to Escondido California Foreclosure Auction, Bank Owned REO, and Homes for Sale. Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone.   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them. Understanding the process is the key, and here is how the process goes as an overview: Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  The current lender files with the County Recorders office a Notice of Default.  When thi...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Life in colonial Mexico revolved around The Hacienda. Haciendas were the economic, political and social center of every settlement, town and city. In the early 16th century the Spanish conquistadors, under orders from the Royal Spanish Crown, created the "Hacienda" as an institution to extract wealth from the land. As the haciendas grew, they became feudal estates supplying all the needs of the surrounding community, including food, clothing and medical aid. Haciendas played host to a variety of activities ranging from simple family gatherings to elaborate occasions such as baptisms, weddings, celebrations of saints' days, charro (cowboy) parties and contests, bullfights, and harvest festivals. Hacienda de Vega, located in Escondido, uses this hacienda model of the 16th century and trad...
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