NOTICE OF DEFAULT (NOD) - HOME OWNER HAS MISSED MAKING MONTHLY PAYMENTS FOR 1 TO 4 MONTHS.

THIS IS THE FIRST STEP FOR A LENDER  TO FILE FOR THE TRUSTEE SALE TO TO TAKE PLACE.

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NOTICE OF TRUSTEE SALE - LENDERS OPTION TO ASSIGN A DATE TO SELL PROPERTY TO HIGHEST BIDDER ON COURT HOUSE STEPS OR IN FRONT OF THE TRUSTEE'S OFFICE.

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OFFER AND COMPROMISE - DIRECTLY CALL LENDER TO FIND OUT IF THERE WILLING TO MODIFYING LOAN AMOUNT TO ADD UP ALL PAYMENTS IN THE REARS TO THE BALANCE OF THE LOAN.

IS THERE SUFFICIENT EQUITY ON HOME TO COVER ADDITIONAL LOAN AMOUNT?

DO YOU NOW HAVE STABLE INCOME TO AFFORD PAYMENT?

SOME LENDERS WOULD RATHER HAVE THE HOME OWNER NEGOICATE A NEW PAYMENT ARRANGEMENT OR HAVE AN OWNER TO  SELL THE PROPERTY THEM SELVES TO AVOID THE LENDER HAVING TO MAKE REPAIRS, COVER HOLDING COSTS AVOID SQUATERS, MAINTENANCE ISSUES - ETC. 

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EQUITY LOAN -  USUALLY A PRIVATE INVESTOR OR HARD MONEY LENDER THAT LENDS BASED ON EQUITY / LOAN TO VALUE FOR A SHORT TERM. GUIDELINES WILL VARY LENDER TO LENDER.

 

LOAN TO VALUE - CURRENT VALUE X A PERCENTAGE RATE %. 

  (I.E., $500,000 VALUE X 60% LOAN TO VALUE = $300,000 LOAN)

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WHATS A BUYERS MARKET?

A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand, like: Economic disruption - a big employer shuts down operations, laying off their workforce.

• Interest rates trending higher – the amount of money the people can borrow to buy a home is reduced because the cost of money is higher, thus reducing the total number of potential buyers in the market. Home prices drop to meet the level of demand and buyers find better deals.

• Short-term drop in interest rates – can give borrowers a temporary edge with more purchasing power before home prices can react to the recent interest rate changes.

• High inventory – a new subdivision and can create downward pressure on prices of older homes nearby, particularly if they lack highly desirable features like modern appliances, etc.

 

 

HOW MUCH DO I NEED FOR A DOWN PAYMENT? (consult a loan officer)

A longtime favorite, the FHA loan, requires 3.5% down. NOTE: Some programs allow down payment contributions from family members in the form of a gift.

Some programs require even less downpayment. VA loans and USDA loans can be made with zero down. However, these programs are more restrictive. VA loans are only made to former or current military service members. USDA loans are only available to low to-middle income buyers in USDA-eligible rural areas.

For many years, conventional loans required a 20% down payment. These types of loans were typically taken out by repeat buyers who could use equity from their existing home as a source of down payment funds. However, some newer conventional loan programs are available with 3% down if the borrower carries private mortgage insurance (PMI).

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WHERE IS THE HOUSING MARKET GOING? 

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WELL , THE CRYSTAL BALL IS BROKEN. IN ADDITION WE DON'T BELIEVE ALL THE HYPE THE VARIOUS SPECULATIONS HAVE TO SAY. 

WHAT WE DO NOTICE, IS ALL THE INVESTORS / HEDGE FUNDS / WE BUY HOUSES FOR CASH PEOPLE - WHERE THERE BUYING AND HOW MUCH THERE BUYING. WHO IS TARGETED TO BUY FROM.  TRY PURCHASING OVER 600 HOMES IN 1 MONTH IN 1 SOUTHERN CALIFORNIA COUNTY.

OWNING OVER 30 ,000 PROPERTY ADDRESSES AND GROWING SINCE 2008. TO ADD, THERE NOT FLIPPING THESE HOMES, THEY'RE TURNING THEM TO RENTALS, THAT SHOULD TELL YOU WHERE HOUSING IS GOING.

(ITS MUCH MORE COST EFFICITIVE TURNING THE INVESTMENTS TO RENTALS RATHER THAN DEVELOPING UNITS FROM GROUND UP)​

THERE GOAL FOCUSES ON TAKING OVER ALL RENTAL MARKETS IN ALL STATES, HARD TO BELIEVE WE KNOW. PROOF IS IN THE COUNTY RECORDERS OFFICES .  

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WHEN IS THE BEST TIME TO BUY?

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THINK ABOUT IT.

THE BEST TIME IS WHEN YOU CAN AFFORD TO. Most people want to Hedge the monthly housing expence against rapidly rising rental costs. In turn, will stabilize incomes to housing expences.

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Remember, the equity your building, with time, is all yours, not a landlord.

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MISSING OUT ON EQUITY !

THE SOONER YOU GET IN THE DREAM OF HOME OWNERSHIP THE FASTER YOU WILL REALIZE THAT EQUITY BUILDING IS FOREVER. TAKE THE LAST 2 YEARS - 5 YEARS - EVEN 10 YEARS. EQUITY HAS THRIVED.

iF YOU WOULD LIKE A LIVE EXAMPLE FROM US: PICK AN ADDRESS, SEND IT TO US ASKING FOR THE PURCHASE PRICE, PURCHASE MONTH AND YEAR THEN THE PRESENT ESTIMATED VALUE.

     (SHOWING AT LEASE 3 YEARS OF OWNERSHIP)

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WHY ELSE WOULD INSURANCE COMPANIES AND HEDGE FUNDS RELY ON REAL ESTATE FOR THEIR INVESTMENTS. 

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