Tuesday, November 5, 2013
Central Valley Residential Sales
Its November and the Fall weather has reved into full swing.
I always receive calls as Fall begins from Sellers and Buyers alike.They are all asking the same question.Is this a good time to move?
Selling?
Buying?
Or should I wait until the weather warms up?
The answer that I give to both buyers and sellers is the same.
Right now is a great time to purchase.Why? Because prices usually drop slightly as the weather gets cooler.This is primarily due to the fact that most families chose to purchase previous to the beginning of the school year.
Additionally families prefer to move when the climate is warm.
For buyers this gives great value in addition to having a larger variety of homes to choose from.
The reverse is also true for sellers.
Homes are still moving faster than they were in the years of foreclosure and short sale frustration.
And each home may see several offers.The homes selling 3 days after listing, has slowed down a little.
There is definitely more of a selection available to potential buyers at this time.
But here is what most sellers do not think about.
Are you planning on purchasing a replacement property?
If so this may still be the optimal time for you to act.Dont wait until all of the other buyers and sellers are moving property in the spring time.Eliminate the competition and get the better deal without the severe pressure ina bidding war.
Hopefully this is post assists you in understanding the correct timing for selling or purchasing.
If you have any questions regarding any home sells dont hesitate to call.
Taj Weldon
REALTOR(R)
DRE 01816152
209-740-4176
tajoffer1@gmail.com
Wednesday, April 18, 2012
Facing Foreclosure,Neep Options
Slipping toward foreclosure can lead to feelings of anxiety, depression, and loss of self-esteem. Don’t give up. There are options available to help millions of homeowners rescue themselves from the brink. Since it is crucial to act before a foreclosure takes place, now is the most important time for you to review the following options and solutions.
As a Certified Distressed Property Expert (CDPE), I am trained in assessing all foreclosure alternatives and pursuing the best solution for your own financial situation.
1) Short Sale
A short sale allows the homeowner to avoid foreclosure, minimize financial damage and move on from a burdensome, unaffordable mortgage. In many cases, a short sale allows the borrower to qualify for a new mortgage in just 24 months, as opposed to five years or more after a foreclosure.
A trained real estate agent can negotiate a short sale with your lender if you have three qualifications. First, you must show some type of financial hardship. Second, you must have a monthly shortfall, meaning your monthly expenses are greater than your monthly income. Finally, you need to prove that your debts are greater than the value of your assets (certain investments, property, etc.).
2) Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult for homeowners to achieve. The homeowner simply pays the total amount past due (including late fees) to the lender. This solution does not require the lender’s approval and will “reinstate” a mortgage up to the day before the foreclosure sale.
3) Forbearance or Repayment Plan
A forbearance or repayment plan involves negotiating with the mortgage company to allow the homeowner to repay back-payments over a period of time. The homeowner typically makes current mortgage payments in addition to a portion of the back-payments owed. This option requires lender approval.
4) Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These changes require lender approval and typically result in a lower payment for the homeowner and a more affordable mortgage.
5) Rent the Property
This option does not require lender approval, but does require the homeowner’s ability to rent the house for enough money to cover the monthly mortgage payment.
It is important to remember that there may be unexpected costs associated with the maintenance of a rental property in addition to the monthly mortgage payments. Homeowners should take this into consideration when deciding whether this option will work for them.
6) Deed-in-Lieu of Foreclosure
Also known as a “friendly foreclosure,” a deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property. Deed-in-lieu can potentially lessen the damage to a credit score and future loan eligibility, and sometimes the lender
will forgo their right to pursue a deficiency judgment, meaning the homeowner will not be responsible for further payments.
7) Bankruptcy
Many have considered and marketed bankruptcy as a “foreclosure solution,” but this is only true in some states and situations. This does not require lender approval, but you must have non-mortgage debts that you claim as a hardship.
Entering bankruptcy can be a risky and costly process. Be sure to seek the advice of a qualified bankruptcy attorney when pursuing this as an option.
8) Refinance
As opposed to mortgage modification, refinancing means you will be acquiring a new loan based on your current credit standing. If you have already missed mortgage payments, your credit score may make it difficult to find a loan with cheaper payments.
9) Sell the Property
Homeowners with sufficient equity can list their property with a qualified agent who understands the foreclosure process in their area. Unfortunately, many homeowners in today’s market have experienced a decline in home value and may owe more than what the home is worth.
9
10) Servicemembers Civil Relief Act
(Military personnel only)
If a member of the military is experiencing financial distress due to deployment—and that person can show that the debt was entered into prior to deployment—he or she may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers to help qualify them for this relief.
Pull Yourself Back From the Brink
If you are on the edge, you have no time to waste. Call me today; I’m here to lend a hand.
Place Your Confidence in CDPE
With the right assistance, the stress of facing foreclosure becomes manageable. CDPE- designated agents have received the knowledge and training necessary to assess all possible foreclosure alternatives and pursue homeowners’ best options. A CDPE- designated agent attends several days of intensive, thorough training on foreclosure avoidance and how to negotiate short sales efficiently and ethically. The highly regarded CDPE logo means you are working with the most informed, up-to- date resource available.
Taj Weldon
REALTOR, CDPE
209-740-4176
209-207-2448
tajweldon@connectrealty.com
www.TajCanHelp.com
DRE 01816152
As a Certified Distressed Property Expert (CDPE), I am trained in assessing all foreclosure alternatives and pursuing the best solution for your own financial situation.
1) Short Sale
A short sale allows the homeowner to avoid foreclosure, minimize financial damage and move on from a burdensome, unaffordable mortgage. In many cases, a short sale allows the borrower to qualify for a new mortgage in just 24 months, as opposed to five years or more after a foreclosure.
A trained real estate agent can negotiate a short sale with your lender if you have three qualifications. First, you must show some type of financial hardship. Second, you must have a monthly shortfall, meaning your monthly expenses are greater than your monthly income. Finally, you need to prove that your debts are greater than the value of your assets (certain investments, property, etc.).
2) Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult for homeowners to achieve. The homeowner simply pays the total amount past due (including late fees) to the lender. This solution does not require the lender’s approval and will “reinstate” a mortgage up to the day before the foreclosure sale.
3) Forbearance or Repayment Plan
A forbearance or repayment plan involves negotiating with the mortgage company to allow the homeowner to repay back-payments over a period of time. The homeowner typically makes current mortgage payments in addition to a portion of the back-payments owed. This option requires lender approval.
4) Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These changes require lender approval and typically result in a lower payment for the homeowner and a more affordable mortgage.
5) Rent the Property
This option does not require lender approval, but does require the homeowner’s ability to rent the house for enough money to cover the monthly mortgage payment.
It is important to remember that there may be unexpected costs associated with the maintenance of a rental property in addition to the monthly mortgage payments. Homeowners should take this into consideration when deciding whether this option will work for them.
6) Deed-in-Lieu of Foreclosure
Also known as a “friendly foreclosure,” a deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property. Deed-in-lieu can potentially lessen the damage to a credit score and future loan eligibility, and sometimes the lender
will forgo their right to pursue a deficiency judgment, meaning the homeowner will not be responsible for further payments.
7) Bankruptcy
Many have considered and marketed bankruptcy as a “foreclosure solution,” but this is only true in some states and situations. This does not require lender approval, but you must have non-mortgage debts that you claim as a hardship.
Entering bankruptcy can be a risky and costly process. Be sure to seek the advice of a qualified bankruptcy attorney when pursuing this as an option.
8) Refinance
As opposed to mortgage modification, refinancing means you will be acquiring a new loan based on your current credit standing. If you have already missed mortgage payments, your credit score may make it difficult to find a loan with cheaper payments.
9) Sell the Property
Homeowners with sufficient equity can list their property with a qualified agent who understands the foreclosure process in their area. Unfortunately, many homeowners in today’s market have experienced a decline in home value and may owe more than what the home is worth.
9
10) Servicemembers Civil Relief Act
(Military personnel only)
If a member of the military is experiencing financial distress due to deployment—and that person can show that the debt was entered into prior to deployment—he or she may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers to help qualify them for this relief.
Pull Yourself Back From the Brink
If you are on the edge, you have no time to waste. Call me today; I’m here to lend a hand.
Place Your Confidence in CDPE
With the right assistance, the stress of facing foreclosure becomes manageable. CDPE- designated agents have received the knowledge and training necessary to assess all possible foreclosure alternatives and pursue homeowners’ best options. A CDPE- designated agent attends several days of intensive, thorough training on foreclosure avoidance and how to negotiate short sales efficiently and ethically. The highly regarded CDPE logo means you are working with the most informed, up-to- date resource available.
Taj Weldon
REALTOR, CDPE
209-740-4176
209-207-2448
tajweldon@connectrealty.com
www.TajCanHelp.com
DRE 01816152
It’s a sign of the times!
It’s a sign of the times!
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.
But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.
The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.
The impact of foreclosure is huge and the sad fact is that it’s often avoidable.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.
Among the most important facts to keep in mind: the sooner help is sought, the better the options.
These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.
Taj Weldon
REALTOR, CDPE
209-740-4176
tajweldon@connectrealty.com
www.TajCanHelp.com
DRE 01816152
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.
But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.
The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.
The impact of foreclosure is huge and the sad fact is that it’s often avoidable.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.
Among the most important facts to keep in mind: the sooner help is sought, the better the options.
These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.
Taj Weldon
REALTOR, CDPE
209-740-4176
tajweldon@connectrealty.com
www.TajCanHelp.com
DRE 01816152
Sunday, March 18, 2012
How to stop foreclosure, notice of Trustee sale
Getting a Notice of Trustee sale document on your door is frightening.It can cause the strongest person to break down mentally.Just thinking about losing your home, and all of the years spent developing it into the place that you and your family love, is disheartening to say the least.
I know exactly what that feels like.
Don't let confusion set in.Don't give up the fight for your, dignity, and home.
Think about the ramifications of foreclosure.
Inability to purchase another home for up to 7 years!
Eviction and foreclosure on your credit-Even renting will be challenging when those factors are disclosed.
Jobs pull your credit and may not be willing to overlook this indicator on credit.
Neighborhood and Family embarassment.
There are solutions that can cost you absolutely nothing out of pocket.
1. Loan Modifications- have you applied for a mod?Were you turned down?
2.Regular sale or Short Sale-
Short Selling does stop foreclosure! It does postpone foreclosure! - I get clients who call me and so oh it's too late I have a notice of trustees sale already?I say " If that were true I wouldn' t have any short sale clients. " You can short sale even after a sale date has been established.
But you have to act fast.Time is of the essence.It is imperative that you contact a Knowledgable Realtor to get this process moving.The Realtor will put your home on the market and ask your Mortgage Lender to postpone the sale date.
Short Sales are subjevt to lender approval and this blog in no way attempts to tell you that your approval is guaranteed or that everyone will qualify.But, don't give up your home without a fight.
3 Deed in leiu. - most banks are requesting that you attempt to sale your home first, either
short sale or regular sale.
Don't give up!
Taj Weldon
Real Estate Agent
209-740-4176
Or in the bay
650-262-0271
DRE 01816152
tywelldone@gmail.com
I know exactly what that feels like.
Don't let confusion set in.Don't give up the fight for your, dignity, and home.
Think about the ramifications of foreclosure.
Inability to purchase another home for up to 7 years!
Eviction and foreclosure on your credit-Even renting will be challenging when those factors are disclosed.
Jobs pull your credit and may not be willing to overlook this indicator on credit.
Neighborhood and Family embarassment.
There are solutions that can cost you absolutely nothing out of pocket.
1. Loan Modifications- have you applied for a mod?Were you turned down?
2.Regular sale or Short Sale-
Short Selling does stop foreclosure! It does postpone foreclosure! - I get clients who call me and so oh it's too late I have a notice of trustees sale already?I say " If that were true I wouldn' t have any short sale clients. " You can short sale even after a sale date has been established.
But you have to act fast.Time is of the essence.It is imperative that you contact a Knowledgable Realtor to get this process moving.The Realtor will put your home on the market and ask your Mortgage Lender to postpone the sale date.
Short Sales are subjevt to lender approval and this blog in no way attempts to tell you that your approval is guaranteed or that everyone will qualify.But, don't give up your home without a fight.
3 Deed in leiu. - most banks are requesting that you attempt to sale your home first, either
short sale or regular sale.
Don't give up!
Taj Weldon
Real Estate Agent
209-740-4176
Or in the bay
650-262-0271
DRE 01816152
tywelldone@gmail.com
Monday, January 23, 2012
Fair Oaks Ranch Subdivision
I have nothing but positive things to say aboit the Fair Oaks Ranch subdivision.
Tracy has alot to offer, and Fairoaks community is the best of the best.
Fairoaks is the highest priced community in Tracy,Ca but you get what you pay for.It was hit hard by the financial meltdown of recent years , however, it has recovered.There aren't as many homes for sale.You will not drive through the neighborhood and find vacant foreclosures.Investors and home buyers realized how Much of a steal this subdivision is and purchased the foreclosures.
Living in Tracy for 16 years has made me an area expert.There are short sales,foreclosures and steals to be had in Fairoaks but this does not reflect on the neighborhood one bit.
If you are interested in information regarding purchasing or selling in Tracy , San Joaquin County, Stanislaus county, or Alameda County feel free to contact me any time.
All the best,
Taj Weldon
209-740-4176
Tywelldone@gmsil.com
Imara Mortgage and Realty
www.mywelldonerealty.com
DRE 01816152
Tracy has alot to offer, and Fairoaks community is the best of the best.
Fairoaks is the highest priced community in Tracy,Ca but you get what you pay for.It was hit hard by the financial meltdown of recent years , however, it has recovered.There aren't as many homes for sale.You will not drive through the neighborhood and find vacant foreclosures.Investors and home buyers realized how Much of a steal this subdivision is and purchased the foreclosures.
Living in Tracy for 16 years has made me an area expert.There are short sales,foreclosures and steals to be had in Fairoaks but this does not reflect on the neighborhood one bit.
If you are interested in information regarding purchasing or selling in Tracy , San Joaquin County, Stanislaus county, or Alameda County feel free to contact me any time.
All the best,
Taj Weldon
209-740-4176
Tywelldone@gmsil.com
Imara Mortgage and Realty
www.mywelldonerealty.com
DRE 01816152
Linne Estates Tracy,Ca Real Estate Community Information
As a Tracy, Californian of 16 years I thought it was time to highlight some of the more prestigious neighborhoods in Tracy.
Linne Estates is a community located on the south , west end of Tracy close to Chrisman Road.
This neighborhood is perfect for families.If you are looking for a quiet neighborood to raise a family in , look no further.
Here are some statistics from Home2point.com
Demographics for Zip Code 95304
Population
Total Population 16992
Male Population 10594 (62.35 %)
Female Population 6398 (37.65 %)
Percent Change Since 1990 58.0 %
Percent Change Since 2000 45.0 %
Density (Persons per sq. mile) 130.00
Median Age 34.86
Employment
White Collar 9388
Blue Collar 3875
Households
Total Households 4265
Family Households 3191
Non-Family Households 1075
Households With Children 1593
Households Without Children 2671
Average People Per Household 3.12
Education
Number of people who have achieved the following levels of education:
No High School 1267
Some High School 1548
Some College 2540
Associate Degree 880
Bachelors Degree 1299
Graduate Degree 416
Marital Status
Number of people who have the following marital status:
Never Married 2307
Married 6292
Separated 4116
Widowed 766
Divorced 739
Income / Financial
Average Household Income $94,144
Median Household Income $67,238
Median Income Under 25 $51,458
Median Income 25-34 $48,788
Median Income 35-44 $86,806
Median Income 45-54 $83,770
Median Income 55-64 $80,642
Median Income 65-74 $40,000
Median Income Over 75 $28,889
Percent increase/decrease in income since 1990 70.0 %
Percent increase/decrease in income since 2000 31.0 %
Average Household Net Worth $661,082
Median Household Net Worth $198,570
Median Home Sale Price $637,500
Median Total Debts $250,275
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $67,574
Weather
Average High in January 54.70° F
Average Low in January 35.00° F
Average High in July 93.10° F
Average Low in July 54.90° F
Annual Precepitiation 10.58 in.
Air Pollution Index 85
Other Amenities
Airport STOCKTON METROPOLITAN
Miles To Airport 16
Junior College ITT TECHNICAL INSTITUTE
Miles To Junior College 9
University UNIVERSITY OF PACIFIC
Miles To University 21
Sports Team MODESTO NUTS (A)
Miles To Sports Team 18
Lifestyle
The following values are represented as an index, where the value 100 represents the national average.
Below AverageAbove Average
Total Houshold Expenditure 130Contributions 137Insurance 137Clothing 131Education 138Entertainment 132Food 128Health Care 126Household Furnishings 133Shelter 132Household Operations 137Other 126Personal Care 130Reading 130Tobacco 121Transportation 129Utilities 126Gifts 135
Crime
The following values are represented as an index, where the value 100 represents the national average.
Below AverageAbove Average
Total Crime Risk 68Personal Crime Risk 92Murder Risk 182Rape Risk 112Robbery Risk 34Assault Risk 35Property Crime Risk 61Burglary Risk 137Larceny Risk 50Automotive Theft Risk 9
Data on community demographics provided by OnBoard LLC Copyright (c) 2007 OnBoard LLC. Information is deemed reliable but is not guaranteed. All community demographics data is for the year 2007 unless otherwise specified.
As a Linne Estates expert it would be my pleasure to assist you with a home purchase or sale in this area.Please feel free to contact me with any questions.
All the best,
Taj Weldon
Imara Mortgage and Realty
209-740-4176
Tywelldone@gmail.com
www.mywelldonerealty.com - promotion get 500 back at closing, visit my website for details.
DRE LICENSE 01816152
Linne Estates is a community located on the south , west end of Tracy close to Chrisman Road.
This neighborhood is perfect for families.If you are looking for a quiet neighborood to raise a family in , look no further.
Here are some statistics from Home2point.com
Demographics for Zip Code 95304
Population
Total Population 16992
Male Population 10594 (62.35 %)
Female Population 6398 (37.65 %)
Percent Change Since 1990 58.0 %
Percent Change Since 2000 45.0 %
Density (Persons per sq. mile) 130.00
Median Age 34.86
Employment
White Collar 9388
Blue Collar 3875
Households
Total Households 4265
Family Households 3191
Non-Family Households 1075
Households With Children 1593
Households Without Children 2671
Average People Per Household 3.12
Education
Number of people who have achieved the following levels of education:
No High School 1267
Some High School 1548
Some College 2540
Associate Degree 880
Bachelors Degree 1299
Graduate Degree 416
Marital Status
Number of people who have the following marital status:
Never Married 2307
Married 6292
Separated 4116
Widowed 766
Divorced 739
Income / Financial
Average Household Income $94,144
Median Household Income $67,238
Median Income Under 25 $51,458
Median Income 25-34 $48,788
Median Income 35-44 $86,806
Median Income 45-54 $83,770
Median Income 55-64 $80,642
Median Income 65-74 $40,000
Median Income Over 75 $28,889
Percent increase/decrease in income since 1990 70.0 %
Percent increase/decrease in income since 2000 31.0 %
Average Household Net Worth $661,082
Median Household Net Worth $198,570
Median Home Sale Price $637,500
Median Total Debts $250,275
Sales Tax Rate 7.7500 %
Sales Tax Type PL
Average Total Household Expenditure $67,574
Weather
Average High in January 54.70° F
Average Low in January 35.00° F
Average High in July 93.10° F
Average Low in July 54.90° F
Annual Precepitiation 10.58 in.
Air Pollution Index 85
Other Amenities
Airport STOCKTON METROPOLITAN
Miles To Airport 16
Junior College ITT TECHNICAL INSTITUTE
Miles To Junior College 9
University UNIVERSITY OF PACIFIC
Miles To University 21
Sports Team MODESTO NUTS (A)
Miles To Sports Team 18
Lifestyle
The following values are represented as an index, where the value 100 represents the national average.
Below AverageAbove Average
Total Houshold Expenditure 130Contributions 137Insurance 137Clothing 131Education 138Entertainment 132Food 128Health Care 126Household Furnishings 133Shelter 132Household Operations 137Other 126Personal Care 130Reading 130Tobacco 121Transportation 129Utilities 126Gifts 135
Crime
The following values are represented as an index, where the value 100 represents the national average.
Below AverageAbove Average
Total Crime Risk 68Personal Crime Risk 92Murder Risk 182Rape Risk 112Robbery Risk 34Assault Risk 35Property Crime Risk 61Burglary Risk 137Larceny Risk 50Automotive Theft Risk 9
Data on community demographics provided by OnBoard LLC Copyright (c) 2007 OnBoard LLC. Information is deemed reliable but is not guaranteed. All community demographics data is for the year 2007 unless otherwise specified.
As a Linne Estates expert it would be my pleasure to assist you with a home purchase or sale in this area.Please feel free to contact me with any questions.
All the best,
Taj Weldon
Imara Mortgage and Realty
209-740-4176
Tywelldone@gmail.com
www.mywelldonerealty.com - promotion get 500 back at closing, visit my website for details.
DRE LICENSE 01816152
Saturday, January 21, 2012
Real Estate Transaction Flow Chart Tracy,Ca Real Estate
For those of you that prefer visual concepts, I have prepared a simple flow chart that illustrates the key steps involved in the purchase of real estate.
This illustration is designed to provide buyers with a road map to ownership from begining to end, it is not a detailed list of everything that occurs in a transaction.
I realize there may be some variance from state to state as some states are non-escrow states, but the overall process is generally the same.
If you have any recommedations or see anything that I may have missed please let me know.
Lastly, If you'd like a PDF copy of this, please feel free to email me.
Click here to view Flow Chart.http://martinsmoneyguide.files.wordpress.com/2007/08/flow-chart2.pdf
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