Ocean Beach, CA Real Estate News

  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-...
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By Kelly Mac Group (619) 319-7010 San Diego Beach and Luxury Realtors, San Diego Beach, Coastal and Luxury Homes
(Keller Williams La Jolla)
Ocean Beach 5 Bedroom House - Open House Today 5/22/11 1-4PM FIVE Bedroom house, close to the beach in Ocean Beach open today from 1 to 4 PM.  Please stop by and say hi! 4245 Narragansett Ave. is located in the lovely Point Loma Heights neighborhood of ever popular, charming, fun, quirky Ocean Beach.  Very close to the beach!  Actually close to Ocean Beach, Doggie Beach at Ocean Beach, Sunset Cliffs (stunning beach and sunset views), downtown OB, downtown Point Loma, Sea World, the airport, downtown San Diego, everything!!! Lovely Single Family House in Ocean Beach! Overview Maps Photos Description Neighborhood Open House Market Stats $699,000,749,000 Single Family Home Main Features 5 Bedrooms3 BathroomsInterior: 1793 sqftLot: 7,000 sqft Location 4245 Narragansett Ave.San Diego, CA 921...
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Roughly forty percent of the homes for sale on today's market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too!Transactional snafus, last-minute surprises and long, drawn-out escrows that never close seem to be par for the course. Instead of avoiding these properties altogether, get educated about the most common dramas that go down in these deals, and how you can avoid falling victim.1.  Run-on (and on, and on) escrows.  When you're buying a home (or selling one, for that matter), time is absolutely of the essence.  And buyers reasonably expect that the big time suck in real estate is in the house hunting proce...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
  Relocating to San Diego, CA? Point Loma Ocean Beach, CA is a beautiful community filled with parks, great schools, fine dinning, and private beaches. The Point Loma Ocean Beach, CA community is a surfer's paradise!! For a Free market report on the San Diego Point Loma, Ocean Beach, CA real estate market call 1-800-264-3608 ext: 1001 or e-mail Rod Watson with The Watson Group Realty RE/MAX Associates @ thewatsongrouprealty@gmail.com   San Diego Zillow Home Value IndexSan Diego Home Values - Interactive chart
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By Joe Wagner
(Noble Real Estate)
Here are some tips for a first time home buyer in Ocean Beach to use when buying a home. It is important to select an agent that has experience working with a first time home buyer in Ocean Beach and has a good understanding of the Ocean Beach area. Real Estate is a process of elimination not selection. At any given time there are 18,000 to 22,000 homes on the market in San Diego. It would be impossible to go through all of those homes to determine which one to buy. The key is selecting a specific area or neighborhood and start driving around. Then focus on the specific homes on the market in that area. Next, select the top 5 to 10 to view and then go look. Most people don't know what they are looking for until they find it. A first time home buyer in Ocean Beach needs to identify what...
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The Consequences of Walking Away Form Your Mortgage! Have you had a conversation with someone in the last 30 days about the consequences of walking away from your mortgage? If the answer is yes, you are not alone. With an estimated 11 million people underwater on their mortgage, (owing more on their mortgage than their home is worth), even the most credit-worthy consumers are considering walking away from their mortgage. "Walking away from a mortgage," or what's known as a strategic default, usually results in either a short sale or foreclosure and many people in this position are asking one simple question: What are the consequences of walking away from a mortgage? Walking Away from a Mortgage: The Consequences Generally speaking, if you are considering walking away from a mortgage th...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
Foreclosure Q&A   When does foreclosure begin? Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in writing that he or she is in default. The lender can request a trustee's sale or a judicial foreclosure, in which the property is sold at public auction. A borrower can cure the default by paying the overdue amount and the pending payment after the notice of default is recorded, usually no later than a few days before the property's sale. Some sales allow the successful bidder to take possession immediately. If the former owner refuses to vacate the premises, the court can issue an unlawful detainer that allows the sheriff to come out and evict them....
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone.  There are many reasons that may leave us facing foreclosure: Rising Interest Rates Unemployment Personal Tragedy Health Problems Death of a Family Member These are just some of those very real reasons.  In desperate times, the last thing you need is to lose your home and potentially break up your family. At The Watson Group, we are committed to assisting you with keeping your home.  We will act on your behalf and negotiate with your lender for Free!  Whether your goal is to stay in your home or simply get out of it without going through foreclosure... We may be able to help make it a reality. For more information click below. STOP FORECLOSURE!  or contact us at (800) 264-3...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
Perhaps the most important fact to understand is that in today's economy short sales are a must to sell properties. Since property values have declined nationwide at such a rapid pace, The National Association of Realtors predicted that in 2009 and 2010 over 50% of all properties sold will be short sales or REO properties. It is unavoidable.  If a house is to be sold in today's market, then a short sale will be needed to make that happen.  Short sales require hours upon hours of work, and organization is imperative in order to get them done.  Also be aware that short sales will typically take approximately 3-4 months to complete depending on which state you are in (see below for typical lender timelines), and that is simply because the majority of lenders are overwhelmed at the moment, ...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
4 Reasons Why Online Home Buyers Should Consider Using A Realtor! Home shopping online has become a mainstream way for the public. But going shopping alone - without the help of a professional - can become a huge handicap for home buyers.Here are four reasons why home-shoppers need the help of a real estate professional. Searching only online means shoppers can miss some of the best alternatives. Shoppers who limit themselves to only looking at real estate Web sites will overlook some very good properties, possibly one that is perfect for them, and they won't get up-to-the minute information. Lookout for fake listings. People trying to collect page views so they can pump up their advertising returns can waste the time of real home shoppers. Using a professional to vet properties before...
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Home Affordable Foreclosure Alternatives (HAFA) $3,000 Cash Relocation Assistance Program For San Diego, CA Homeowners.  Exit Gracefully ​If homeownership is no longer affordable or the weight of homeownership has become too much to bear, MHA has a program that allows you to exit gracefully from the property with $3,000 in relocation assistance. The HAFA short sale program is designed to help underwater sellers either modify their loans or sell their homes as a short sale to avoid foreclosure. Through Home Affordable Foreclosure Alternatives (HAFA), you won't owe any more for the property after selling, and you will be free from the threat of foreclosure. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and ...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
Home Affordable Foreclosure Alternatives (HAFA) $3,000 Cash Relocation Assistance Program For San Diego, CA Homeowners.  Exit Gracefully ​If homeownership is no longer affordable or the weight of homeownership has become too much to bear, MHA has a program that allows you to exit gracefully from the property with $3,000 in relocation assistance. The HAFA short sale program is designed to help underwater sellers either modify their loans or sell their homes as a short sale to avoid foreclosure. Through Home Affordable Foreclosure Alternatives (HAFA), you won't owe any more for the property after selling, and you will be free from the threat of foreclosure. The benefit of a HAFA short sale is that you are no longer responsible for the difference between what you owe on your mortgage and ...
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Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them? Don't ignore the letters from your lender Contact your lender immediately or Contact The Watson Group Realty to speak with an (SFR) Short Sale & Foreclosure Resource Certified Specialist. For A FREE Consultation Call (281) 797-3841 or visit www.thewatsongrouprealty.com for more information. We Can Help! But remember time is not on your side. If you are unable to make your mortgage payment:            1. Don't ignore the problem.The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.2. Contact your lender as soon as you realize that you have a problem.Lenders do not want your house. T...
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If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-i...
Comments 1
By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-...
Comments 1
By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-...
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In this economy, houses aren't selling like they used to. If you have a house on the market, or are considering selling yours, there are some ways to improve your chances. Here are seven tips that will make it easier to sell your house and make a smooth transition from one owner to the next. 1. Maintain neutralityThis policy has worked for Switzerland, and it can also work in real estate. Customizing your home is great if you plan to stay there, but extreme colors and themed rooms can scare off potential homebuyers. If you have customized every room with extremely bright or dark colored paint, wallpaper or wall fixtures, you may want to consider toning it down a bit. Using neutral colors on the walls can help prospective buyers create their own vision for the house, and will also leave...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-...
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By Rod Watson, Luxury Home Specialist
(Pacific Sotheby's International Realty)
SHORT SALE VS FORECLOSURE? Should You Choose a Short Sale Over a Foreclosure? A reader asks: My husband and I have been making our mortgage payments every month even though our home is underwater. We owe a lot more than our home is worth. Now, my husband has lost his job. We're thinking about walking away from our home and letting it go to foreclosure, but my parents are telling us that we may qualify for a short sale. Which is better for us? A short sale or a foreclosure?" Answer: Whether you should do a short sale or let the home go to foreclosure depends on several factors. While for some homeowners, it is easier to throw up your hands and let the bank take your home, that might not be the wisest thing to do.   Short Sale Benefits Here are a few benefits for doing a short sale that m...
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  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale, in real-estate terms, is a sale of a house in which the sale price is less than what the owner still owes on the mortgage. It is a procedure sometimes agreed to by lenders, who often would rather take a small loss than go through the lengthy and costly foreclosure process, in which the lender allows the sale of a home for less than it is worth and forgives the rest of the note. While there are some significant negative consequences to a short sale, an ever-...
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