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Here is an informational video providing an introduction series to bankruptcy and or home foreclosure alternatives for you. I personally recommend Attorney of law Joe Marcarell too all my clients that’s in these services:
Marcarelli Law Group – Chapter 7 Basics, #1

Please contact Attorney of law Joe Marcarell directly if you have any topics that you would like us to discuss, or if you would like to talk about any business or personal bankruptcy issues. Please fill out the from below to receive a prompt response.

If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so.

Please call and ask for Real Estate broker Arnie Levine 619 540-5811 or fill out the form below.

*Realtors are not tax attorneys or accountants. We do not give legal or tax advice, please, always seek the advice of your tax attorney/accountant.

Bankruptcy and legal forclosure alternatives

Fill out the form below to get a free legal consultation with Attorney Joe Marcarelli All Information is kept confidential.

Pamela Anderson Selling Malibu Home?

by Arnie Levine on March 10, 2013

in Famous Homes,Latest News

Pamela Anderson home, Malibu, Calif.

Pamela Anderson, the iconic sex symbol who etched herself into the American psyche by donning the famous red “Baywatch” swimsuit, is slightly underwater when it comes to her finances. For months and months, the blonde bombshell has been plagued with negative news stories about unpaid taxes and out-of-control spending on her home remodel. And despite being a household name, Anderson is now doing what any other American in her situation must do: downsize!

 

 

Anderson often rented out her longtime Malibu Colony home, but now the California property that was once her sanctuary is for sale and she’s officially put it on the market for $7.75 million. Property records show that she purchased the Malibu home on Dec. 29, 2000, for $1.8 million. There’s no telling how much Pam poured into the ocean-view home’s construction and multiple remodels over the years, but with the listing price almost $6 million more than what she paid for it, here’s hoping that she’ll make a profit.

Pam’s amazing home is within walking distance from all things Malibu. Finely crafted, the teak-sided home is perfect for enjoying quiet beach days, while still being close to the action. According to listing information, you “enter through the front Barb Wire stone gate, cross the small courtyard of olive trees and lavender, push open the ultra-wide swinging glass door, and find yourself in an open living room and kitchen design with a top-of-the-line home theater and black baby grand piano.” Philip Vertoch was the home’s architect, and Josh Chryssanthou and Pamela Anderson herself are responsible for the design.

Gallery: See Pamela Anderson’s Malibu Home

Find more homes for sale in Malibu

Here is an informational video providing an introduction series to bankruptcy and or home foreclosure alternatives for you. I personally recomended Attorney of law Joe Marcarell too all my clients thats in these services:

http://www.youtube.com/watch?v=C7LkTyMzIX4&list=UUDT1lJweBeOSZLOiaf9MhqQ&index=22

Please contact Attorney of law Joe Marcarell directly if you have any topics that you would like us to discuss, or if you would like to talk about any business or personal bankruptcy issues. Please fill out the from below to recieve a prompt response.

*Realtors are not tax attorneys or accountants. We do not give legal or tax advice, please, always seek the advice of your tax attorney/accountant.

Bankruptcy and legal forclosure alternatives

Fill out the form below to get a free legal consultation with Attorney Joe Marcarelli All Information is kept confidential.

Factoring in commuting costs

by Arnie Levine on December 9, 2012

in Latest News

A recent study by the Center for Housing Policy and the Center for Neighborhood Technology suggests that borrowers of moderate means would be smart to calculate the costs of commuting before buying. 

Making sense of the story

  • The study, which looked at transportation and housing costs in the 25 largest metropolitan areas, found that transportation costs rose faster than incomes in every area over the last decade.
  • That has added to the financial burden shouldered by moderate-income homeowners, defined as households earning 50 to 100 percent of a metropolitan area’s median income.  Transportation consumes 30 percent of their income, on average.  Add housing costs to that and the combined cost burden rises to 72 percent.
  • The study also found that some metropolitan areas generally considered more affordable become less so after transportation is figured in.

Mortgage underwriters sometimes look at a home’s location relative to where the buyer works, but in most cases a long distance between the two is an issue only if it suggests that the buyer isn’t actually going to live in the house.

The national mortgage delinquency rate declined from the second quarter to the third quarter, but still remains above normal levels, credit bureau TransUnion said this week.

The delinquency rate, which includes the rate of borrowers who are 60 or more days past due, fell to 5.41% in the third quarter, down from 5.49% in the second quarter.

Year-over-year, the U.S. mortgage delinquency rate is down 8% from 5.88% in Q3 2011.

TransUnion calls the constant drop in late payments a positive sign for the market, but noted normal economic conditions generally bring a delinquency rate in the one-to-two percent range.

“Continued declines in mortgage delinquency rates are a welcome sign and reflect that relatively more homeowners are able and willing to make their mortgage payments each month,” said Tim Martin, group vice president of U.S. housing in TransUnion’s financial services business unit. “However, we still have a long way to go to reach more normal conditions of a delinquency rate in the 1%-to-2% range for the U.S. average.” 

Twenty-two states saw improvements in their mortgage delinquency rates, but only 49% of the nation’s metros experienced improvements in late payments on mortgages in the third-quarter.

This is down from the second quarter when 76% of the nation’s metros noted improvements in overall mortgage delinquencies.

Arizona and California — two states slammed by foreclosures and the housing meltdown — are now doing much better with Arizona’s third-quarter delinquency rate down 25% from 7.46% in 3Q of 2011 to 5.62% in the latest TransUnion report.

California’s delinquency rate, meanwhile, is down 24% from 7.29% last year to 5.56% in the most recent report.

Bank of America Merrill Lynch  revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by 5% in the fourth quarter over 4Q 2011.

That translates into an average price gain of 2.1% this year compared to 2011.

In August, BofA analysts predicted prices would rise 2% in the fourth quarter over the year-ago quarter. That was also a revision upward. In March, BofA Merrill Lynch forecasted the bottom in national home prices. However, it underestimated the magnitude of the turn.

The analysts also expect average home price appreciation of 3.3% a year over the next 10 years, a cumulative gain of about 36%.

BofA still expects home prices to slow down into the end of the year.

“It is important to remember that the housing market is subject to volatility in the best of times; in this distorted market, we cannot expect a smooth pattern,” the research note said.

It predicts that national prices will increase 5.6% quarter-over-quarter in the third quarter of 2012, following a 9.3% gain in the second quarter. It predicts flat prices in the fourth quarter of this year as well as a decline of 1.6% in the first quarter of 2013 before prices begin to trend upward.

The main component driving the forecasted increase in home prices is a better alignment of housing supply and demand. Inventory of homes for sale continues to decline because of pickup in house demand, a slow clearing rate for distressed properties and a significantly below normal pace of new home construction.

Sales of REOs were at the lowest pace in August since 2008, which reflects a shift toward short sales.

To view the decline in supply of exisiting and new homes for sale click on the chart. 

Analysts said the two most important variables for short-term price dynamics are months supply and change in distressed share. They predict that the decline of months supply will continue to edge lower in 2013, which will underpin home prices. Share of distressed sales should return to 23.7% by 3Q, compared to the current share of 20.5%. 

There are also many differences on a regional basis, which can be attributed to the way foreclosures are cleared in different states.

For example, year-over-year prices are up 7% in Michigan, compared to year-over-year falling prices in Illinois of 2.3%.

6 Home Tax Facts Home Sellers Should Know

by Arnie Levine on November 6, 2012

in Finance,Latest News

 
taxfacts

Realtors are not tax attorneys or accountants. We do not give legal or tax advice, please, always seek the advice of your tax attorney/accountant.

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low 3% down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. A good deal for San Diego Home buyers.

Benefits to You, the Borrower

  • Updated Sneak Preview (Pocket Listings) before they go on the Multiple Listing System  (MLS)
  • Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only).
  • Down payment (at least 3 percent) can be funded by the borrower’s own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
  • No lender-requested appraisal.
  • No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
  • Expanded seller contributions for closing costs allowed.
  • Available for primary residences, second homes and investment properties.
  • Many condo project requirements are waived; ask your lender for details

HomePath properties offer buyers a wide selection of options, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down. Click here to find out additional information or to get your loan started using (Homepath approved lender) to finance your next purchase.

See properties below! Call 619 540-5811 today for more information or Click Pro-Search HomePath & Reo Properties!

Listing Address City Zip Code List Price Property Status  Type Beds Baths Square Feet Lot Size Year Built
22532255 Tavern Road Alpine 91901 $279,900 Active Multi-Family 3 2 1296 0.98 Acres 1987
2003 Costa Del Mar Rd Unit 676 Carlsbad 92009 $246,000 Active Condo 1 2 791 1.44 Acres 1970
411 Windjammer Cir Chula Vista 91910 $291,500 Active Condo 3 3 1469   1985
1468 Canvas Dr Unit 1 Chula Vista 91913 $194,950 Active Condo 2 2 1008   2007
1325 Caminito Nazario Unit 44 Chula Vista 91915 $229,900 Active Condo 3 3 1386   2006
1766 Jaime Lynn Ln El Cajon 92019 $435,000 Active Single-Family 3 2 1890 0.56 Acres 1966
1324 Somermont Dr El Cajon 92021 $309,900 Active Single-Family 2 2 1258 9502 Sf 1952
12944 Julian Ave Lakeside 92040 $259,900 Active Single-Family 2 1 962 9900 Sf 1949
1193 Breakaway Dr Oceanside 92057 $399,999 Active Single-Family 4 4 2446   2007
23808 Oak Meadow Dr Ramona 92065 $399,900 Active Single-Family 3 2 2007 0.59 Acres 1979
1480 Broadway Unit 2302 San Diego 92101 $424,500 Active Condo 3 2 1474   2004
4856 Lyon St San Diego 92102 $252,000 Active Single-Family 3 2 1124   1942
539 S 65th St San Diego 92114 $234,900 Active Single-Family 3 1 1124   1960
2940 Alta View Dr Unit F108 San Diego 92139 $148,975 Active Condo 2 1 844   1982
1250 Kostner Dr San Diego 92154 $296,900 Active Single-Family 5 2 1486 0.16 Acres 1971
1856 Deep Haven Ln San Diego 92154 $299,999 Active Single-Family 3 2 1164 5976 Sf 1984
937 16th St San Diego 92154 $249,900 Active Single-Family 3 1 1288 0.23 Acres 1960
520 Barnett Dr San Marcos 92069 $299,999 Active Single-Family 2 2 937 4819 Sf 1986
1560 Circa Del Lago Unit D304 San Marcos 92078 $139,900 Active Condo 2 2 1030   1989
1705 Meadowood Ct San Ysidro 92173 $319,200 Active Single-Family 4 2 1340 9200 Sf 1979
10965 Cabo Ct Santee 92071 $425,500 Active Single-Family 4 3 1670 8588 Sf 1986
9510 Abbeyfield Rd Santee 92071 $364,900 Active Single-Family 4 2 1408   1960
10019 Canyonview Ct Spring Valley 91977 $417,950 Active Single-Family 4 3 2056 0.09 Acres 1977
27402 Sunset Vista Ln Valley Center 92082 $399,900 Active Single-Family 3 2 2307   2004
28325 Valley Center Rd Valley Center 92082 $364,000 Active Single-Family 3 2 2107   1978
29322 Lilac Rd Valley Center 92082 $392,000 Active Single-Family 3 2 1578   2003
207 Otay Valley Rd Unit B Chula Vista 91911 $185,900 Back On Market Condo 3 2 1212   1973
267 Via Cassandra Fallbrook 92028 $299,999 Back On Market Single-Family 3 2 1498 0.27 Acres 1981
4875 Dulin Rd Fallbrook 92028 $229,900 Back On Market Single-Family 3 2 1330 0.11 Acres 1991
8979 Moisan Way La Mesa 91941 $479,900 Back On Market Single-Family 4 3 1808 0.22 Acres 1994
9551 Single Oak Dr Lakeside 92040 $265,900 Back On Market Single-Family 3 1 2066 13100 Sf 1949
1465 C St Unit 3608 San Diego 92101 $352,900 Back On Market Condo 2 2 1185   2003
3078 Broadway Unit 115 San Diego 92102 $169,900 Back On Market Condo 2 2 827   1993
5581 Santa Margarita St San Diego 92114 $235,500 Back On Market Single-Family 3 2 1092 9100 Sf 1961
10154 Camino Ruiz Unit 8 San Diego 92126 $241,900 Back On Market Condo 2 2 808   1985
12290 Corte Sabio Unit 3201 San Diego 92128 $239,900 Back On Market Condo 2 2 1071 1124 Sf 1986
12537 Caminito De La Gallarda San Diego 92128 $239,900 Back On Market Condo 3 2 1056 12.52 Acres 1975
10948 Ivy Hill Dr Unit 8 San Diego 92131 $319,900 Back On Market Condo 2 2 1243 5.19 Acres 1998
1246 Sand Drift Pt San Diego 92154 $375,500 Back On Market Single-Family 3 3 1951 4041 Sf 2003
815 24th St San Diego 92154 $249,900 Back On Market Single-Family 3 2 1441   1971
9369 E Heaney Cir Santee 92071 $324,500 Back On Market Single-Family 3 3 950 0.16 Acres 1959
8808 Bellwood Ct Spring Valley 91977 $280,000 Back On Market Single-Family 4 2 1910   1959
134 Candice Pl Vista 92083 $74,900 Back On Market Condo 1 1 642   1980
3440 Tolas Ct National City 91950   Coming Soon Single-Family 3 1.5 1222 6200 Sf 1955
1434 Marshall Rd Unit 17 Alpine 91901 $184,000 Just Listed Condo 2 2 1005   1995
2737 Crown Ridge Rd Unit 2 Chula Vista 91915 $317,600 Just Listed Condo 3 3 1646   2004
1361 Ivory Ct El Cajon 92019 $347,500 Just Listed Single-Family 4 3 1745 6200 Sf 1958
1794 Peppervilla Dr El Cajon 92021 $367,250 Just Listed Single-Family 3 2 1445 6400 Sf 1959
1771 Judith Pl Escondido 92026 $399,999 Just Listed Single-Family 4 3 1850 7000 Sf 1978
1333 June St Fallbrook 92028 $276,000 Just Listed Single-Family 3 2 1452 0.25 Acres 1978
7543 Broken Cinch Trl Julian 92036 $64,500 Just Listed Single-Family 2 1 816 1 Acres 1975
5440 Baltimore Dr Unit 130 La Mesa 91942 $308,000 Just Listed Condo 3 3 1335 1715 Sf 1974
2452 Glebe Rd Lemon Grove 91945 $307,150 Just Listed Single-Family 4 3 1833 0.16 Acres 1980
1146 Delta St National City 91950 $164,500 Just Listed Single-Family 2 1 795   1954
149 Cregar St Oceanside 92054 $375,500 Just Listed Single-Family 3 2 1657 6500 Sf 1960
407 Sea Cliff Way Oceanside 92056 $180,500 Just Listed Condo 1 1 780 9.12 Acres 1990
251 Riverview Way Oceanside 92057 $212,900 Just Listed Single-Family 3 3 1657   1982
637 Ann St Oceanside 92057 $296,900 Just Listed Single-Family 4 2 1224   1970
409 Holly St Oceanside 92058 $230,900 Just Listed Single-Family 2 1 704 0.16 Acres 1935
2650 Broadway Apt 304 San Diego 92102 $117,600 Just Listed Condo 1 1 405   1984
836 W Pennsylvania Ave Apt 110 San Diego 92103 $367,500 Just Listed Condo 2 2 1050   1973
6367 Rancho Mission Rd Unit 2 San Diego 92108 $289,975 Just Listed Condo 2 2 1178   1977
4274 Mayo St San Diego 92110 $498,500 Just Listed Single-Family 3 2 1183   1940
6305 Caminito Flecha San Diego 92111 $328,500 Just Listed Condo 3 2 1221   1971
6026 Newcastle Ct San Diego 92114 $336,000 Just Listed Single-Family 4 3 1833 0.16 Acres 1981
6276 Amesbury St San Diego 92114 $308,000 Just Listed Single-Family 5 3 2429 6000 Sf 1962
4504 60th St Unit 14 San Diego 92115 $153,500 Just Listed Condo 2 2 745   1996
5260 Edge Park Way San Diego 92124 $409,900 Just Listed Condo 3 2 1521   1973
7865 Via Belfiore Unit 1 San Diego 92129 $308,000 Just Listed Condo 1 1.5 1298   2003
10951 Scripps Ranch Blvd San Diego 92131 $384,000 Just Listed Condo 2 2 1302 7.18 Acres 1988
1734 Nilo Way San Diego 92139 $369,900 Just Listed Single-Family 3 3 1572 0.15 Acres 1986
6696 Omega Dr San Diego 92139 $141,000 Just Listed Condo 2 1 738 12.48 Acres 1972
5629 Vista San Juanico San Diego 92154 $397,900 Just Listed Single-Family 4 2.5 2117 4536 Sf 2003
1924 Rees Rd San Marcos 92069 $390,900 Just Listed Single-Family 4 2 1404 0.14 Acres 1976
2067 Silverado St San Marcos 92078 $414,900 Just Listed Condo 3 2 1625   2006
10212 Swanton Dr Santee 92071 $375,500 Just Listed Single-Family 4 2 1186 6000 Sf 1973
13680 Little Pond Rd Valley Center 92082 $599,500 Just Listed Single-Family 5 3 2613 5.02 Acres 2002
144 Candice Pl Vista 92083 $117,600 Just Listed Condo 2 1 877   1980
900 Taylor St Vista 92084 $299,999 Just Listed Single-Family 3 2 1196 1.03 Acres 1953
1101 Lorna Ave El Cajon 92020 $249,900 Price Reduced Single-Family 4 2 1267   1955
762 W 5th Ave Escondido 92025 $229,900 Price Reduced Single-Family 3 1 984   1958
1631 Oak Hill Dr Escondido 92027 $321,900 Price Reduced Single-Family 4 2 1445 6707 Sf 1968
7411 Herschel Ave Unit 3f La Jolla 92037 $469,900 Price Reduced Condo 1 1 728   1990
6175 Nagel St La Mesa 91942 $299,999 Price Reduced Single-Family 3 1 1096 6000 Sf 1953
12143 Rockcrest Rd Lakeside 92040 $309,900 Price Reduced Single-Family 3 2 1418 0.68 Acres 1960
8036 Mount Vernon St Lemon Grove 91945 $249,900 Price Reduced Single-Family 2 1 782 9000 Sf 1943
33120 Mill Creek Rd Pauma Valley 92061 $140,900 Price Reduced Single-Family 2 2 1877   1980
7948 Mission Center Ct Unit B San Diego 92108 $110,000 Price Reduced Condo   1 506 3 Acres 1973
3720 Franklin Ave San Diego 92113 $179,900 Price Reduced Single-Family 2 1 928 2000 Sf 1909
6970 Parkside Ave San Diego 92139 $119,900 Price Reduced Condo 2 1 738 12.48 Acres 1972
1011 Capistrano Ave Spring Valley 91977 $269,900 Price Reduced Single-Family 3 2 1372 0.15 Acres 1977

 

Shadow Inventory Declines

by Arnie Levine on October 19, 2012

in Latest News

 

falling_prices_smallSeriously delinquent, foreclosed and REO properties dropped to 2.3 million units in July. This represents a six month supply. ‘Shadow inventory’ is not included in the housing inventory reported by NAR and tends to hold down prices until cleared in any given market.

Of the 2.3 million properties currently in the shadow inventory, 1 million units are seriously delinquent (2.9 months’ supply), 900,000 are in some stage of foreclosure (2.5-months’ supply) and 345,000 are already in REO (1.0-months’ supply).

The dollar volume of shadow inventory was $382 billion as of July 2012, down from $397 billion a year ago and $385 billion last month.

Highlights:

The current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six months. This was a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 million unity, which is approximately the same level the country was experiencing in March 2009. Currently, the flow of new seriously delinquent (90 days or more) loans into the shadow inventory has been roughly offset by the equal volume of distressed (short and real estate owned) sales.

County Properties, 26 years of brokerage experience, trust. If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program or click Want to know what your home is worth? .

 If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

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