Market Update : huntington beach

New 90 Day Foreclosure Rule in California

Liane Thomas — Thu, 18 Jun 2009 00:02:00 GMT

Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 days, effective June 15, but an exemption is available for lenders with comprehensive loan
modification programs as defined by the Act.

Under pre-existing law, a lender must wait three months after filing a notice of default before it can file a notice of sale. The new California Foreclosure Prevention Act extending that time frame by another 90 days may not have much practical impact.

So what does that mean to you? If you find yourself unable to make your monthly payment, first, call your loan servicer. The phone number should be on your payment coupons. Ask first for the Home Retention or Loan Modification Department. Then honestly explain your situation. Ask them to help you keep your home. Your loan servicer will not charge you for this service.

If you cannot get your loan modified, please call me. As a Certified Distressed Propery Expert, I can help you figure out what to do next. Foreclosure is not your only option.

Thanks,

Liane Thomas, REALTOR(R), e-PRO, CDPE
The Thomas Group, Keller Williams Realty
Serving Corona, Norco, Riverside and surrounding communities
www.AllCoronaHomes.com
www.FreeRiversideHomeSearch.com
951.454.3805

Home Sales Jump ~ April 2009

Liane Thomas — Tue, 02 Jun 2009 19:02:00 GMT

Pending US Home Sales Surge

Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived. The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ahead of analysts' expectations. Lawrence Yun, NAR chief economist, said buyers have responded to favorable market conditions. "Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market," he said. "Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers."

So what does that mean to you? If you want to sell your home, this is probably the best time since 2006. Call me for a no obligation consultation to find out what your house is worth in todays market. We can help you sell your home fast, even if you owe more than your home is worth!

If you are considering buying a home, you MUST close escrow before the end of November to cash in on the tax credit. That means you need to be in escrow by September, and that means you need to be looking for a home TODAY! Please take advantage of this awesome opportunity pass you by!

Brought to you by:
Liane Thomas, REALTOR(R)
The Thomas Group, Keller Williams Realty
951.454.3805
www.AllCoronaHomes.com
www.FreeRiversideHomeSearch.com

Breaking News! Home Sales Up in California in March 2009!

Liane Thomas — Sat, 18 Apr 2009 16:54:00 GMT

An estimated 36,215 new and existing homes and condos sold in California last month, a 23.9% month-on-month increase from February and 47.4% year-on-year increase from March 08, according to a report published Thursday by San Diego-based MDA DataQuick Information Systems. March marked the ninth consecutive month of year-over-year sales inclines.
Sales prices continue to slip in the Golden State, however, with March posting a median sales price of $233,000 — 0.4% below February’s median and 37.7% below the year-ago median seen in March 08. DataQuick attributed the drop to the work of depreciation in concert with shifts in the types of homes sold toward foreclosure properties. Real estate-owned (REO) properties accounted for 57.4% of monthly sales in March, up from 35.5% in March ‘08.
California home buyers in March committed to an average mortgage payment of $958, 44% below the average payment entered in March ‘08, 63.1% below the latest bubble’s June 2006 peak and the lowest average monthly payment, adjusted for inflation, reported in DataQuick’s statistics, which track information back to 1988.
“Indicators of market distress continue to move in different directions,” say DataQuick researchers. “Foreclosure activity is nearing its 2008 peak, while financing with adjustable-rate mortgages is at an all-time low, as is financing with multiple mortgages.”
Source: HousingWire.com
So what does this mean to you? If you are considering selling, it is very likely we will find a buyer for your home fast! Short sales welcome, please call us for a free, no obligation, consultation.
Liane Thomas, REALTOR(R)
The Thomas Group, Keller Williams Realty
951 454-3805 cell
www.AllCoronaHomes.com
Serving Corona, Riverside, and surrounding areas

4561 Warner Avenue in Huntington Harbour is Sold!

Liane Thomas — Wed, 02 Jul 2008 23:15:00 GMT

Huntington Harbour, Huntington Beach - The single story at 4561 Warner Avenue has been sold.

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Price Reduced on 4561 Warner Avenue in Huntington Harbour

Liane Thomas — Wed, 14 May 2008 10:05:00 GMT

Huntington Harbour, Huntington Beach - Announcing a price reduction on 4561 Warner Avenue, a 1,100 sq. ft., 2 bath, 2 bdrm single story "Top Floor Single Level". Now MLS® $415,000 - REDUCED!.

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Open House in Huntington Harbour on Sunday

Liane Thomas — Wed, 30 Apr 2008 13:27:00 GMT

Huntington Harbour, Huntington Beach - We invite everyone to visit our first open house at 4561 Warner Avenue on May 4 from 1:00 PM to 3:00 PM.

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Price Reduced on 4561 Warner Avenue in Huntington Harbour

Liane Thomas — Sun, 27 Apr 2008 18:26:00 GMT

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Price Reduced on 4561 Warner Avenue in Huntington Harbour

Liane Thomas — Tue, 15 Apr 2008 13:04:00 GMT

Huntington Harbour, Huntington Beach - Announcing a price reduction on 4561 Warner Avenue, a 1,100 sq. ft., 2 bath, 2 bdrm single story "Top Floor Single Level". Now MLS® $457,900 - .

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Single Story For Sale in Huntington Harbour

Liane Thomas — Fri, 29 Feb 2008 15:31:00 GMT

Walk to the Sand!

• 1,100 sq. ft., 2 bath, 2 bdrm single story "Top Floor Single Level" - MLS® $469,900

Huntington Harbour, Huntington Beach - Once in a lifetime opportunity! Rarely do homes in SEAPORTE go up for sale. Only 1/4 mile to Huntington Harbor, 1 mile to Bolsa Chica State Beach and 1/2 mile to Bolsa Chica Wetlands. Immaculate third floor single level home with elevator access. Two master bedrooms and 2 baths. Travertine faced fireplace in the living room for chilly evenings, custom paint, new appliances, vaulted ceilings, indoor laundry, light and bright. Quiet gated complex with lushly landscaped grounds, pool, spa, clubhouse, and gym. HOA dues include water, trash, and basic cable. There are two underground parking spaces. Great location, walk to the surf! Plan your visit today!

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