Oceanside Real Estate Weblog

CAR Mortgage Workout Information Sends Homeowners In the Right Direction

paulcauthen — Thu, 16 Apr 2009 15:27:10 +0000

Homeowners wondering about the myriad of mortgage workout programs can access information about assistance available through various lenders and government agencies at the California Association of Realtors website. Homeowners should have tax returns, bank statements and an income expense statement ready before calling. Information and assistance is available for free so beware of companies or individuals who charge a fee.

If you are in the San Diego North County cities of Oceanside, Carlsbad, Vista, or San Marcos ERA Ranch and Sea Realty will soon announce a series of no cost Mortgage Workout seminars to be held this spring and summer. And as always you can call me for more information at 760-431-8724.

REALTORS® who wish to assist their clients in seeking loan modifications should ensure they are in compliance with California law.
http://www.car.org/legal/mortgage-workout-programs/?view=Standard

Channel 8 San Diego News Posts Best Story Of 2009

paulcauthen — Thu, 26 Mar 2009 15:29:05 +0000

Posted on Yahoo Local News March 26, 2009 8:10 am.

I swear I did not make this up.

Want to be an expert and know all about North San Diego County Real Estate?

paulcauthen — Thu, 26 Mar 2009 00:44:14 +0000

It’s for you.
Well here it is in living color courtesy of HomeDex TM as provided by the North San Diego County Association of Realtors TM. Charts, graphs and statistics in an easy to follow format.

http://www.nsdcar.com/homedex/current_homedex/current_homedex.pdf

In my humble opinion prices look like the Titanic aiming toward the bottom. However, the other side of the story is that homes are selling like hot cakes in the affordable price ranges where sales volumes are raging. Affordability is nearing 50% in some communities. Investors and first time buyers are out in force. So LET’S MAKE A DEAL!

Bail Out Summary

paulcauthen — Wed, 25 Mar 2009 15:10:14 +0000

San Diego Foreclosure Update

paulcauthen — Fri, 20 Mar 2009 00:19:09 +0000

San Diego Foreclosure Update
Yesterday, the Federal Reserve said it would flood our economy with $1.2 trillion by purchasing government bonds and mortgage-related securities in an effort to lower borrowing costs for home mortgages. The effect was immediate, mortgage interest rates fell today in the 4% range. So home buyers looking for good deals in the foreclosure market can now received rock bottom financing. Happy house hunting.

San Diego Weekly Foreclosure Lists

Please click on the link below to receive the latest recorded foreclosures (Notices of Default, Trustee Sales, & Bank Owned) for the week ending 2/27/09. The lists are searchable by zip code or city by using the find function under the edit pull down menu. If you would like to have the bank owned properties listed on the Multiple Listing Service (MLS) please call me at760-431-8724. The latest recorded bank owned properties are not being sold until the properties are assigned by the bank to a real estate brokerage firm and listed in MLS.

http://www.easyhouserewards.eme01.com/files_landing_page.php

Blogger Meltdown 101. Is bloging dead or just weird?

paulcauthen — Mon, 19 Jan 2009 06:15:03 +0000

OK, so I learned how to do this and spent a lot of time thinking up nifty stuff to blog about. After all I’ve been doing real estate full time and making a good living at it since 1983. I’m a seasoned professional and have a deep knowledge of my craft. But this blogging stuff is kind of boring. It’s amazing the amount of time and effort people put into this endeavour but who can read it all? And how many times do you want to read about how to prepare you home for sale or the 10 secrets about something or another that somebody doesn’t want you to know? And then there is always the bloggo freak that blogs about everything from getting a cup of jo at Starbucks to changing diapers in the back of the Prius on the way to a soccer game.

Real Estate has always been a puffer crowd. Now it’s it’s Team Everywhere that sells 1 homes a day. What they don’t say is that they have 40 agents on the team and 20 transaction coordinators that have no idea what they are really doing because they are working for $10 per hr. If they could out source to China it would be a done deal. Want to to talk to the Grand Pu-bah with the slick line and $600 suit? Good luck. But settling for less has become the American way so what’s the difference.

Is bloging dead. No just kind of weird. And I’m back. More nifty stuff is on the way.

San Diego Foreclosure Update

paulcauthen — Wed, 19 Nov 2008 18:05:50 +0000

San Diego homes sales in October have increased year-over-year basis for the fourth straight month. Sales have also increased for the third straight month which has not happened for this time of the year since 1992. Foreclosures continue to represent approximately 50% of the sales. Despite the steady drum beat of bad national economic and financial news, buyers in San Diego are pulling the trigger and buying homes.

San Diego Affordability Index is now 38.7% which represents the percent of homes on the market affordable to San Diego households earning the median income. San Diego’s median income has increased in the past year from $69,400 to $72,100. The Affordability Index was at it’s low at 6% in 2005.

It’s hard to predict a bottom of a market, but the data continues to suggest that the time is now. The number of foreclosures continue to decline. The demand for San Diego real estate is still strong. Eventually, the supply will decrease and there will be upward pressures on housing prices in San Diego.

San Diego Weekly Foreclosure Lists

Please click on the link below to receive the latest recorded foreclosures (Notices of Default, Trustee Sales, & Bank Owned) for the week ending 10/31/08. The lists are searchable by zip code or city by using the find function under the edit pull down menu. If you have any questions please call me at 760-431-8724.

http://www.easyhouserewards.eme01.com/files_landing_page.php

Courtesy of Ellen Kiss

San Diego Defaults Down 58%

paulcauthen — Sat, 25 Oct 2008 17:41:38 +0000

Foreclosure Update
The number of notices of default (NOD) dropped by 58% from August 08 to September 08. This drastic decline in NOD reflects the government’s effort to require lenders to work with distressed borrowers. Lenders are offering better terms to existing borrowers to avoid foreclosure. I have seen lenders drop the loan balance by as much as $250,000 on a $1.5M loan. However, this recent data also represents the fifth straight month decline in NOD and offers support that the San Diego housing market is bottoming out. foreclosures in Oceanside, Carlsbad, San Marcos, Encinitas and Vista are much harder to purchase with multiple bids and overbids the norm.

San Diego Weekly Foreclosure Lists

Please click on the link below to receive the latest recorded foreclosures (Notices of Default, Trustee Sales, & Bank Owned) for the week ending 10/15/08. The lists are searchable by zip code or city by using the find function under the edit pull down menu. If you have any questions please call me at
760-431-8724.

http://www.easyhouserewards.eme01.com/files_landing_page.php

Huntington Beach 4 Bedroom W/ Pool for Rent

paulcauthen — Fri, 10 Oct 2008 14:55:10 +0000

My wife and I are combining households after getting married in May. We are offering her home in Huntington Beach for $3600 a month rent including gardener and pool maintenance. The home is 4 bedrooms 2.5 baths 2300 sf with a nice private pool and spa located just 1.5 miles to the beach. I’ll be using this blog site as a place to post the information and pictures.

11 Tips For Selling Your Home Fast.

paulcauthen — Mon, 25 Aug 2008 14:33:41 +0000

It really doesn’t matter if it’s in a box or a bag if you really want to sell. Click here to find to answer to everything you need to know about home selling in this article by James Wexeler Realtor from the Phoenix and Scottsdale area. Actually, these really aren’t secrets. They are just common sense. Most articles and PR pieces that use the word “secret” really mean common sense in a way that implies the reader doesn’t have any. And these secrets have been around for at least 20 years or more. But if you want to sell fast in this market they work.