Huntington Beach, CA Real Estate News

By Janet French
(Silverstar Finance Inc.)
I was in the process of recording a video this week but I'm loosing my voice and the video was just not turning out so great. So ....Continuing on from "Why Houses Make Great Investments"...that I wrote to you about a couple of weeks ago. What a GREAT environment we're in for buying real estate....yep that's right, I said "Great". I'm sure you've read or heard by now how fantastic interest rates are, hopefully you read my email from last week. =) And...you know that homes are on sale and investment earnings are down. So, how does this affect your plan? People who are self-employed who will not be getting a pension from their employer, myself included, need do some extra planning to put money aside for our retirement. And now, especially in today's income and investment environment, it's...
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(TeenAutoClub.com- Online Drivers Ed Courses )
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By Janet French
(Silverstar Finance Inc.)
Happy Thanksgiving!! I know there is a lot to be thankful for this year and definitely in the coming year at least in the opportunities the current housing market is presenting. If you want to buy investment property or a beautiful home to live in, there are significant discounts and benefits that you wont want to miss out on. Peter Drucker said this..... "The only thing we know about the future is that it will be different." This applies now more than ever. Each day we are getting new "exploding" news about this bank or that institution, who are we bailing out today, who is going under today... etc. etc. etc. All we hear about is the negative, there is a lot of positive too, you just need to know where to see it or hear it. Hint....these emails and our daily market update, Silverstar B...
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It sure is crazy what's happening out there and I completely understand many of the concerns I've been hearing from you. That's why I spend my time studying the market everyday and proactively staying on top of the changing landscape in the lending industry, so I can help you make great, well-considered choices for you and your families future. So Why Buy Real Estate Now? Many people are struggling to decide if it's the right time to buy real estate. Although we haven't seen the bottom yet, who knows exactly when that will happen? I don't have a crystal ball, do you? But what do we know for certain? There are Two Ways to Make Money with Real Estate Buy a property for less than it is worth. Either buying it below the market or buying it on better than market terms. Then you can rent it a...
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By Janet French
(Silverstar Finance Inc.)
This past year, I became a member of the Huntington Beach Kiwanis, hbkiwanis.org/ and this has been one of the best decisions that I have ever made. Not only are our members fun, energetic, giving and passionate about what Kiwanis stands for but it feels great each day knowing that I get to help someone less fortunate in our community. So who are these Kiwanians anyway? We are women and men of our community from all walks of life who spend lunchtime once a week with their fellow members to hear informative programs. A former mayor of our city, business owners, civic and charitable-entity leaders are active members. There are doctors, attorneys, service business owners, and retired industry executives and public servants. Our main reason for joining the Kiwanis family is a desire to give...
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FUNDS TO CLOSE for FHA As the up and downs continue, many of my clients call wondering how they are going to get the funds needed to purchase a home. There are many alternatives available depending on their own particular situation but FHA may be the answer they are looking for. ***Some of these FHA guidelines may have additional investor and industry restrictions so verification per loan is necessary. After today's election, I believe that many people are wondering if the market will return to "normal". Personally I think we are in for a very long hall in regards to the ups and downs of not only the real estate market but the economy in who. Regardless of anyone's personal views, it is always prudent that to meet with your client to determine how much and from where they are going to g...
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By Kurtis Kooiman
(Straightline Group, Inc.)
Federal Reserve Cuts Key Interest Rate by Half Point The Federal Reserve, winding down a two-day meeting on interest rates, has cut the funds rate from 1.5% to 1% as it faces the worst financial crisis in decades.  What does this mean to you and/or your clients?First, for the second time in a month The Federal Reserve has lowered rates by .50%, which means the rate on your Home Equity Line and other revolving / personal loans tied to Prime will be lower by at least 1% on next months statement. So, that means if you owe $100,000 and your rate was 5.50% this month, your payment will be approximately $83.00 less next month!  Now, that may not seem like a lot of savings but, that's $996.00 per year that can now go to a retirement vehicle instead of to the bank. Multiply that out by x number...
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Good Evening!Californians lose record number of homes to foreclosure, according to the Los Angeles Times article released just this week. Was this preventable? To a certain extent, yes. A record number of homes were lost to foreclosure in California over the last three months, up 228% from last year to a high of 79,511 homes. MDA DataQuick reported that more homes were taken back by lenders in the three months ending Sept. 30 than at any time since the company started tracking foreclosures in 1992.What's the solution to this problem? How could it have been avoided?A:  Loan Work Outs - Loan Modifications - Forensic Doc Audits Who is best qualified to represent you or someone you care about during this 30 to 90 day process?A:  Qualified Paralegals and Attorneys - Experienced loan modifica...
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By Janet French
(Silverstar Finance Inc.)
FUNDS TO CLOSE for FHA With the extreme ups and downs of the current market, I know many of my clients are wondering how they are going to get the funds needed to purchase a home. But within the FHA guidelines, there are many alternatives. ***Some of these FHA guidelines may have additional investor and industry restrictions so verification per loan is necessary. As we approach the end of the year, there are many people who are wondering if they should scramble to buy a home now or wait until early next year. Whether your client decides to purchase now or wait, it is prudent that you meet with them to determine how much and from where they are going to get their down payment and closing cost funds. Below are just 3 of the 22 Important Ways to know well ahead of the closing date before y...
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By Kurtis Kooiman
(Straightline Group, Inc.)
FHA Launches New Program to Help Lenders Refinance Troubled Loans Carrie Bay | 10.03.08 The Federal Housing Administration (FHA) rolled out the new Hope for Homeowners (H4H) program on October 1. The program was created as part of the larger Economic Recovery Act of 2008 passed by Congress this summer, and is aimed to help struggling borrowers avoid foreclosure by refinancing into more affordable, sustainable, FHA-insured mortgages.H4H lets lenders and servicers with homeowners at risk of default or foreclosure turn "beyond-their-means" home mortgages into new government-backed 30-year fixed rate loans with lower payments. FHA said that given their fiduciary responsibilities and financial obligations, lenders should assess their portfolio and perform a cost-benefit analysis to determine...
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By Kurtis Kooiman
(Straightline Group, Inc.)
Only Successful People Fail       "When you make a mistake, don't look back at it long. Take the reason of the thing into your mind, and then look forward. Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power." ~Phyllis Bottome1884-1963, Novelist and LecturerGood Afternoon!Well, what can I say?  These times are difficult and we all know it.  While I see amazing opportunity in every downturn for those who have prepared for it by seeking pro-active advice from their team of experts, I'd rather take a moment to share with you exactly what has happened that has created the need for a 700 BILLION dollar "bailout."  It's not really a bailout by the way, it's just what the media is calling it.   I would like to give full credit to Barry Habib for the expe...
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By Huntington Beach Condo & Townhome Guy Your Huntington Beach Real Estate Homes Finder
(Your Huntington Beach Homes & Condo Finder )
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By Harrison K. Long, REALTOR , GRI, Broker associate, Attorney
(HomeSmart, Evergreen Realty)
The HOME DEPOT announced plans on September 25, 2008, for the opening of its 23rd the OC store in Huntington Beach, which is scheduled for October 30, 2008. We see this as a significant sign that Home Depot and the retail industry are enthusiastic about the future of development and building supplies in Orange County. The new Home Depot store at Magnolia in Huntington Beach will be about 126,000 square feet, including a garden center.   This new store will employ 180 workers and will be the second Home Depot in Huntington Beach.  The Home Depot spokesperson said:    "We continue to open new stores where it makes sense for our business and the community," spokesman said. "We still intend to open 55 new stores this year.  The 50 mentioned in our release are mostly in 2009 and 2010. We hav...
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By Janet French
(Silverstar Finance Inc.)
FUNDS TO CLOSE for FHA With DAPS (Down payment Assistance Programs like Nehemiah) going away and the increased requirement of 3.5% buyer contribution, I wanted to share with you the FHA guidelines of FUNDS TO CLOSE. ***Some of these FHA guidelines may have additional investor and industry restrictions so verification per loan is necessary. So how is your client going to get the necessary funds to qualify for an FHA loan and close their loan on time? After all...they've been looking for months and months and now they finally found the right home, got their offer accepted and you're ready to help them move right on in. Below are just 3 of the 22 Important Ways to know well ahead of the closing date and quite honestly, you should know these before you start looking for a home or helping a ...
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By Kurtis Kooiman
(Straightline Group, Inc.)
Good Afternoon and Wow, What a week!THE INFORMATION CONTAINED IN THIS E-MAIL WILL MAKE YOU MONEY AND WILL MAKE YOU LOOK GOOD! I heard a startling statistic yesterday and the numbers don't lie.  It's a fact that approximately 54% of buyers/sellers will NOT use the real estate agent that they used on their last transaction.  Even worse and it comes as no surprise given the reputation of most lenders and brokers as of late, 83% of lender / broker clients will NOT use the mortgage person they used on their last transaction for their next transaction. So, what separates the good agents and brokers from the not so good?  Answer:  VALUE BASED SERVICES. Is the broker or lender that you are currently referring your clients to providing second to none value based services such as monthly Rate Wat...
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By Kurtis Kooiman
(Straightline Group, Inc.)
Good Afternoon and Happy Friday, I've been getting several emails this week regarding WAMU.  The main question is "What will happen to my loan?"  Well unfortunately, your loan won't be forgiven or swiped away....you get to keep making payments.  Regardless of the lender who holds your loan, you will either continue to make payments to their servicing company or if that bank is bought or merged with another entity, you will start to make payments to a new servicing company.  Another important note.  If your lender goes under and/or you start to make payments to another bank, none of the terms and conditions of your loan will ever change. I read this important article this morning written by Barry Habib and wanted to pass it on to you. There are some important things going on that you sho...
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By Kurtis Kooiman
(Straightline Group, Inc.)
What is going on with the LIBOR index?  First, LIBOR stands for London Interbank Offered Rate.  It's often been associated with those who have "sub-prime" mortgages but, they are quite popular amongst those with "A" paper loans as well.  If you have a loan that is tied to the LIBOR index, you should keep reading!LIBOR as well as the actual Fed Fund Rate are rates that banks charge each other.  And while the Fed has set the Fed Funds target rate at 2%, banks are jacking this up closer to 6%.  The same is happening to LIBOR, which is jumping like the chicken.  The reason is due to a lack of confidence that banks will make good on funds borrowed from each other.  The AIG scare, IndyMac Bank, Lehman and others have spooked banks into thinking that they may not be paid back.  And a low 2% ra...
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By Kurtis Kooiman
(Straightline Group, Inc.)
What Is Is"Circumstances may cause interruptions and delays, but never lose sight of your goal.  Prepare yourself in every way you can by increasing your knowledge and adding to your experience, so that you can make the most of opportunity when it occurs." ~ Mario Andretti Auto Racer Question #1 from Shelly in Scottsdale, AZLoan ModificationQ: "If I am not late on any mortgages, can I still do a loan modification and will it affect my credit rating AT ALL? Will it hit my credit even if it's something a bank agrees to do?" A: Watch Video for the AnswerQuestion #2 from Anonymous in Aliso Viejo, CABeing Upside DownQ: "If I'm upside down in my mortgage and I have to sell my home for less than I owe, what are the options, pros and cons?" A: Watch Video for the AnswerAnd yes, I am quite aware...
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be+DO=have "My greatest point is my persistence. I never give up in a match. However down I am, I fight until the last ball." ~ Bjorn Borg, tennis player Washington has been busy lately. In one of the most rapidly approved bills in memory, the Housing and Economic Recovery Act was passed into law, and could have significant implications on the housing and mortgage industry. The constant volatility in the market requires constant change and A LOT of persistence and perseverance. You can count on me to stay ahead of the game. And while there is a lot to share with you, I wanted to reach out to let you know a couple of things that could impact you or someone you know and care about right away. The first thing that stands to impact many homebuyers is the elimination of what is known as sell...
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By Kurtis Kooiman
(Straightline Group, Inc.)
Not to be a downer but can you believe Summer is almost at an end??? be+DO=have "My greatest point is my persistence.  I never give up in a match.  However down I am, I fight until the last ball." ~ Bjorn Borg, tennis playerWashington has been busy lately.  In one of the most rapidly approved bills in memory, the Housing and Economic Recovery Act was passed into law, and could have significant implications on the housing and mortgage industry.  The constant volatility in the market requires constant change and A LOT of persistence and perseverance.  You can count on me to stay ahead of the game.  And while there is a lot to share with you, I wanted to reach out to let you know a couple of things that could impact you or someone you know and care about right away.  The first thing that s...
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