REWIZARD

SAN DIEGTO FIXER UPPERS - SERIOUS INVESTORS ONLY

Range/Oven
Full Refrigerator
Dishwasher
Sink Disposal
Microwave

Fireplace
Vaulted Ceilings

Patio
Fenced Yard
Grass Lawn
Pool Sized Yard
Poway Unified School District

Location, Location, Location! Fantastic Poway Unified School District in Rancho Penasquitos 92129!

Rancho Penasquitos Home w/a ton of Potential! HUGE rooms, lots of square footage, huge Pool Sized lot!

2 Blocks to Shopping, Library, Police Station, parks & award winning Mt Carmel High School. Large 4 bedroom, 2.5 bath home, w/ separate family room & living room. Family room with new french doors opens to large Pool Sized backyard great for entertaining. Huge Laundry Room, separate Bonus Office/loft. If you need a large home, this is it! Priced to SELL! NOT A Short SALE, so no delays. Quick Close!

For More Information go to: http://www.MarcVonMusser.com

VIRTUAL TOUR: http://www.propertypanorama.com/102218

To Schedule a Private Showing, contact, Scott Chamberlin 760-845-6188 or email @ scott@sandiegobuyerpro.com

If you or anyone you know is falling behind on their mortgage payments, has been denied a loan modification, or has questions, call for a FREE 30 Minute confidential Consultation. 1-800-990-2473 ext 999

For a FREE REPORT Titled: "San Diego FIXER UPPERS - Get Your Offer Accespted on non MLS Properties" Call Scott Chamberlin at 760-845-6188 or email: scott@sandiegobuyerpro.com

For a FREE LIST of FORECLOSURES call us immediately at 1-800-990-2473 ext 123

Marc Von Musser, MBA, CFS, CSP

marc@MarcVonMusser.com

760-470-1453

Equal Housing Opportunity

VFLYER ID: 3291501

All information in this site is deemed reliable but is not guaranteed and is subject to change

RANCHO PENASQUITOS Home for SALE! Huge RANCHO PENASQUITOS HOME with Huge YARD!

2010-05-05T16:08:00.000-07:00

RANCHO PENAQUITOS home for SALE VIA PEREZA.wmv

2010-05-05T12:23:00.000-07:00

OPEN HOUSE 4/17 & 4/18 1-4pm; CARLSBAD - Aviara Executive Home for SALE! Near Beach w/ Golf Course Views.

2010-04-15T08:46:00.000-07:00

REDUCED! Lowest PPSF n OCEAN HILLS Country Club! Shows like a Model. Ocean Hills Dream Home for sale

2010-04-10T11:02:00.000-07:00

OCEAN HILLS Country Club Home for SALE! Oceanside - RESORT LIVING, Private GOLF - 3.5 miles to the beach

Location: OCEAN HILLS COUNTRY CLUB

OCEAN HILLS COUNTRY CLUB!

Welcome to this exclusive Gated Community home, located in North San Diego's most prestigious Over 55+ living community!

REDUCED! Lowest Price per Square foot in OCEAN HILLS!!! The largest model in Ocean Hills w/over 2808 sf and a Downstairs Bedroom & bath, Spacious Living room & Family room

Cooking has never been this fun! CHEF's Kitchen w/Granite Counter Tops, upgraded cabinets, Stainless Appliances.

You will fall in love with the Professionally painted & decorated interior, as the home shows like a DREAM HOME makeover! This home is perfect for entertaining with a Separate Formal Dining Area and a separate Bar.

A few other amenities:
Huge Master Bedroom Suite
Downstairs Laundry Room

This home is STUNNING! Amazing neighborhood! AMAZING HOME! AMAZING PRICE!!!

The home is located in OCEAN HILLS COUNTRY CLUB and is located on 350 acres in Oceanside, California, 3.5 miles from the Pacific Coast, 30 miles north of San Diego.

Amenities include: a 2,138-yard par 55, 18-hole executive golf course; lighted tennis courts; paddle tennis courts; bocce ball courts; swimming pool with spa;

In the 30,000-square-foot Clubhouse w/ Nautilus excercise room, a library, a large auditorium, & many activity rooms. Also available are arts and crafts studios, sewing room, woodworking shop, etc. Examples of classes offered are pencil drawing, Tai Chi, ballroom dancing,& ceramics. Interests are satisfied in a wide variety of clubs- Anglers, Computer, Sailing, Ski, Choral Society, Bridge, Sewing, Etc., just to name a few.

Ocean Hills is a fully gated community, with access control and patrol services 24 hours a day. Entrance into the community is closely monitored. Each home contains an alarm system that reports police, fire, and medical emergencies to a central monitoring facility operated by the Association

For more information call: 760-470-1453

VIRTUAL TOUR: http://www.propertypanorama.com/mls.asp?id=95322

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Price: $629,000.00

Flexibility: Negotiable

Additional Pricing Information: Value range pricing: Entertaining offers from $579,000 - $629,000

Property Location

4989 LAMIA
OCEANSIDE, CA 92056
View Map

Links

Features

Bedrooms: 3

Bathrooms: 3

Parking Spaces: 2

Year Built: 1990

Subdivision: OCEAN HILLS

Garage Size: 2

Square Footage: 2808

Agent Name: Marc Von Musser, MBA, CFS, CSP

Broker: Keller Williams Realty

MLS #: 100016762

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Microwave

Interior Amenities

Fireplace

Hardwood Floors

Wet Bar

Security System

Vaulted Ceilings

Exterior Amenities

Patio

Swimming Pool

Hot Tub

Photo Gallery

View as Slideshow View Photo Gallery (25 Photos)

4989 LAMIA OCEANSIDE CA 92056

VFLYER ID: 3202033

OCEAN HILLS Country Club Pre Foreclosure HOME for SALE! Oceanside CA

2010-03-25T13:30:00.000-07:00

Links

VIRTUAL TOUR

Photo Gallery

Description

OCEAN HILLS COUNTRY CLUB!

Welcome to this exclusive Gated Community home, located in North San Diego's most prestigious Over 55+ living community!

The largest model in Ocean Hills w/over 2808 sf and a Downstairs Bedroom & bath, Spacious Living room & Family room

Cooking has never been this fun! CHEF's Kitchen w/Granite Counter Tops, upgraded cabinets, Stainless Appliances.

You will fall in love with the Professionally painted & decorated interior, as the home shows like a DREAM HOME makeover! This home is perfect for entertaining with a Separate Formal Dining Area and a separate Bar.

A few other amenities:
Huge Master Bedroom Suite
Downstairs Laundry Room

This home is STUNNING! Amazing neighborhood! AMAZING HOME! AMAZING PRICE!!!

The home is located in OCEAN HILLS COUNTRY CLUB and is located on 350 acres in Oceanside, California, 3.5 miles from the Pacific Coast, 30 miles north of San Diego.

Amenities include: a 2,138-yard par 55, 18-hole executive golf course; lighted tennis courts; paddle tennis courts; bocce ball courts; swimming pool with spa;

In the 30,000-square-foot Clubhouse w/ Nautilus excercise room, a library, a large auditorium, & many activity rooms. Also available are arts and crafts studios, sewing room, woodworking shop, etc. Examples of classes offered are pencil drawing, Tai Chi, ballroom dancing,& ceramics. Interests are satisfied in a wide variety of clubs- Anglers, Computer, Sailing, Ski, Choral Society, Bridge, Sewing, Etc., just to name a few.

Ocean Hills is a fully gated community, with access control and patrol services 24 hours a day. Entrance into the community is closely monitored. Each home contains an alarm system that reports police, fire, and medical emergencies to a central monitoring facility operated by the Association

For more information call: 760-470-1453

VIRTUAL TOUR: http://www.propertypanorama.com/mls.asp?id=95322

Features

Bedrooms:	3
Bathrooms:	3
Parking Spaces:	2
Year Built:	1990
Subdivision:	OCEAN HILLS
Garage Size:	2
Square Footage:	2808
Agent Name:	Marc Von Musser, MBA, CFS, CSP
Broker:	Keller Williams Realty
MLS #:	100016762

Location

vFlyer Id: 3202033

CARLSBAD CA - Executive Golf View Home w/ Private Putting Green for SALE

2010-02-11T23:00:00.000-08:00

CARLSBAD CA Executive Golf Course View Home for SALE, close to beach and barely lived in! Carlsbad CA 92011

Location: Shorepointe - Aviara - Carlsbad

HIGHLY desirable South Facing, Plan 2 Model in LIKE-NEW condition! Stunning Executive Home with over $75,000 in upgrades!

Tons of upgrades:

§ New carpet

§ Granite counter tops

§ Dual AC units

§ GOLF putting green

§ Bonus LOFT/Office

§ Bright, open, Gourmet kitchen w/island, Granite counter top,

§ upgraded cabinets

§ RESORT LIKE backyard w/Private PUTTING GREEN, a covered patio, stamped concrete & mature landscaping

Amenities:

Award winning school district Golf course, Legoland View

§ Great LOCATION: Close to Beach, Golf, Legoland, Batiquitos Lagoon, parks,

Spacious 3 Car Garage Downstairs Bedroom and Bathroom Rare, South Facing positioning of the home Master Bedroom Patio/balcony with amazing view

This home is located in the Prestigious Coastal Development known as Shorepointe. Located in Aviara, Carlsbad; just a couple of minutes from the beach, golf and everything that makes Carlsbad one of the finest places to live in America!

For more information, go to: http://www.MarcVonMusser.com

Or call 760-470-1453 to schedule a showing.

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Price: $845,000

Flexibility: Negotiable

Additional Pricing Information: Entertaining offers between $799,000 to $845,000. The most recent comps were for $837,000 and $809,000; without these upgrades.

Property Location

1286 Mariposa Rd
Carlsbad, CA 92011
View Map

Links

Features

Bedrooms: 4

Bathrooms: 4

Parking Spaces: 3

Year Built: 2003

Subdivision: Shorepointe

Lot Size: .3 acre

Garage Size: 3

School District: Carlsbad Unified

Square Footage: 2698

Agent Name: Marc Von Musser

Broker: Keller Williams Realty

MLS #: 100005498

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Dual AC units

Interior Amenities

Fireplace

Kitchen Island

Tile floors

Exterior Amenities

Patio

Fenced Yard

Golf Putting Green

Private Master Bedroom Balcony

Photo Gallery

View as Slideshow View Photo Gallery (17 Photos)

VFLYER ID: 3122432

REDUCED - Priced like a FORECLOSURE! Ocean Front SOLANA BEACH Condo for SALE! $550k BELOW COMPS!

2010-01-07T12:49:00.000-08:00

Solana Beach CA Ocean Front Condo for SALE $550k BELOW comps! Panoramic OCEAN VIEWS in SOLANA BEACH CA! Solana Beach CA 92075

Location: SOLANA BEACH CA

SOLANA BEACH Oceanfront w/ panormic SOLANA BEACH ocean views! Last comp SOLD for $1,600,000!!!!

Wake up to the soothing sounds of the waves, or watch the dolphins effortlessly swim by. This amazing Solana Beach condo isn't just a great home, but a great lifestyle.

Just a quick walk to the beach, Fletcher's Cove, the Cedros Art district, restaurants, the commuter rail, shopping and much more. Just minutes away from all that San Diego is famous for: World Class Golf - Torrey Pines, La Costa, Aviara; PetCo park, SD Zoo, Balboa Park, Gaslamp, and Seaport Village.

Gorgeous single level Condo w/many upgrades:

* dual paned windows,
* gorgeous granite counter tops
* tile floors
* 2 air conditioners & heaters
* Washer/dryer w/humidity control,
* window shutters
* private balcony
* 2 fireplaces
* small office area BOSE surround sound
* 3 Plasma/Flat screen TV's, & much more!!

Surfsong Complex has 2 tennis courts, pool, spa & clubhouse which is perfect for entertaining or staying in shape.

You can't beat the location, the home or the price!

For more information go to: http://www.MarcVonMusser.com

VIRTUAL Tour: http://www.PropertyPanorama.com/63504

Call for an appointment: -1-760-470-1453

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Price: $1,050,000.00

Flexibility: Negotiable

Additional Pricing Information: Price REDUCED!!! HURRY

Property Location

233 S HELIX Ave #19
Solana Beach, CA 92075
View Map

Links

Features

Bedrooms: 2

Bathrooms: 2

Parking Spaces: 2

Year Built: 1978

Subdivision: Surfsong

School District: Solana Beach

Square Footage: 1425

Agent Name: Marc Von Musser, MBA, CFS, CSP

Broker: Keller Williams Realty

MLS #: 090024767

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Sink Disposal

Microwave

Air conditioning

Humidity control Washer and Dryer

Interior Amenities

Fireplace

Wet Bar

Security System

Tile Floors

BOSE surround Sound

3 Plasma - flat screen tvs

New Dual Paned windows

Custom Window Shutters

Granite Counter tops

Programmable toilet

Exterior Amenities

Swimming Pool

TENNIS COURTS

Ocean front location

2 underground parking spaces

SPA

Clubhouse

Photo Gallery

View as Slideshow View Photo Gallery (8 Photos)

VFLYER ID: 2474524

CARLSBAD Ocean View Home for SALE ~ Carlsbad CA 92011; Executive 4br Home in MINT condition

2009-07-15T15:00:00.000-07:00

CARLSBAD CA Ocean View Home for SALE! Ocean & Golf Course views, close to beach and barely lived in! Carlsbad CA 92011

Location: Shorepointe - CARLSBAD CA

CARLSBAD CA 92011: 4 br OCEAN VIEW Home for SALE! Stunning Executive VIEW home shows like a MODEL! Immaculate!

IMMACULATE, CLEAN and what a VIEW! Whether you want to watch the fireworks at LEGOLAND, the beauty of Crossroads golf course; or breathtaking sunset views over the ocean; this view is INCREDIBLE!

This large 4 Bedroom + bonus room is in terrific condition. So you won't find the normal wear and tear; like in competing homes. This home is the closest you can get to a BRAND NEW home, without all the hassles (construction trucks, dirt and dust, noise, immature landscaping, etc).

Plenty of upgrades and amenities throughout this DREAM HOME:

* Huge Master Bathroom with Spa Tub and separate Shower
* Huge walk in closet
* Beautiful Tile floors
* Dual Paned Windows throughout (energy saving)
* Alarm system
* 3 car garage
* Walk to Tot Lot
* Private Master Bedroom Deck
* Award Winning Aviara - Carlsbad Schools
* Downstairs Bedroom and full bath
* Bonus room - Office or 5th bedroom (if converted)
* Formal Dining room
* Stamped Concrete in backyard
* Intelligently landscaped and Low maintenance Yard.
* Romantic fireplace in Living Room
* Separate Family room
* Minutes to World Famous La Costa Golf course and Spa; Aviara and Crossroads golf courses
* Minutes to miles of white sandy beaches and the Pacific Ocean; Batiquitos Lagoon, and numerous parks

And much much more! This home shouldn't be missed! Homes in this condition, with this view RARELY come available! Don't miss it!

For more information go to:

VIRTUAL TOUR: http://www.PropertyPanorama.com/70832

http://www.MarcVonMusser.com

Or call 1-800-990-2473 ext 198

Information

Contact Information

Marc Von Musser

760-470-1453

http://www.MarcVonMusser.com

Pricing

Price: $835,000.00

Flexibility: Negotiable

Additional Pricing Information: Offers entertained between $799,000 and $835,000

Property Location

6398 Torreyanna Cir
Carlsbad, CA 92011
View Map

Links

Features

Bedrooms: 4

Bathrooms: 3

Parking Spaces: 2

Year Built: 2002

Subdivision: Shorepointe

Lot Size: .1257

Garage Size: 3

School District: Carlsbad

Square Footage: 2597

Agent Name: Marc Von Musser, MBA, CFS, CSP

Broker: Keller Williams Realty

1 Bonus ROOM - Loft/office: 1

Attributes

Appliances

Range/Oven

Full Refrigerator

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Fireplace

Security System

Kitchen Island

Vaulted Ceilings

Downstairs Bedroom

Downstairs full bath

Tile Floors

Dual Paned windows

Dual Ovens

Gas appliances

Exterior Amenities

Patio

Fenced Yard

Panoramic Ocean View

Golf Course View

Photo Gallery

View as Slideshow View Photo Gallery (8 Photos)

VFLYER ID: 2637911

SOLANA BEACH Condo for SALE! Ocean Front, Priced to SELL! Solana Beach CA 92075

2009-05-14T12:33:00.001-07:00

SOLANA BEACH Oceanfront CONDO for SALE! Solana Beach CA Ocean front real estate For SALE! Amazing VU

2009-05-14T12:20:00.001-07:00

SOLANA BEACH CA Home For SALE! Remodeled SOLANA BEACH Beach Home for SALE! Walk to Beach! Stunning!

2009-04-10T16:17:00.001-07:00

OBAMA's Foreclosure PLAN!

2009-03-05T10:59:00.000-08:00

Obama’s “Making Home Affordable” program is designed to work with lenders to modify the loan terms for up to 4 million homeowners and to refinance up to 5 million homeowners into more affordable fixed-rate loans.

Here are some questions and answers about the latest round of aid for homeowners.

A: How do I know if I qualify for the refinancing plan?

Q: Only homeowners in good standing whose loans are held by Fannie Mae or Freddie Mac qualify.

The property must be owner-occupied and the borrower must have enough income to make payments on the new mortgage debt.

Borrowers can’t owe more than 105 percent of their home’s current value on their first mortgage. For example, if your home is worth $200,000, your first mortgage can’t exceed $210,000. Borrowers with a second mortgage still can qualify as long as their first mortgage isn’t more than 105 percent of their home’s value.

Homeowners can’t take cash out during the refinancing to pay other debt.

Borrowers have until June 2010 to apply for the program.

Q: How do I know if my mortgage is owned by Fannie Mae or Freddie Mac?

A: Call your current lender or mortgage servicer. You can find the phone number on your monthly mortgage statement or coupon book.

You can also contact Fannie Mae at 1-800-7FANNIE and Freddie Mac at 1-800-FREDDIE from 8 a.m. to 8 p.m. EST. Or, go to http://www.fanniemae.com/homeaffordable and http://www.freddiemac.com/avoidforeclosure and fill out the online request forms.

Q: What borrowers qualify for the modification program?

A: You don’t have to be behind on your mortgage payments to qualify. Delinquent borrowers and current borrowers who are at risk of imminent default are both eligible.

The program applies to mortgages made on Jan. 1 or earlier. The mortgage payment including taxes, insurance and homeowners association dues must exceed 31 percent of the borrowers’ gross monthly income.

The property must be the homeowner’s primary residence. It can’t be investor-owned, vacant or condemned. Home loans for single-family properties that are worth more than $759,750 don’t qualify.

The program is voluntary, relying on a $75 billion subsidy to encourage mortgage companies to participate. Lenders must agree to reduce the loan payments to 38 percent of a borrower’s monthly income. After that, the government and lender split the cost of bringing the payment down to 31 percent.

Eligible borrowers will have to provide their most recent tax return and two pay stubs, as well as an “affidavit of financial hardship” to qualify for the loan modification program. In the affidavit, applicants will have to cite the reasons behind their financial woes, such as job loss or a drop in income. The government will then take steps to verify the information.

Borrowers are only allowed to have their loans modified once. The program runs through Dec. 31, 2012.

Q: What if I’m in bankruptcy or in active litigation over my mortgage?

A: That doesn’t necessarily keep you from qualifying for the modification program. And borrowers in active litigation can modify their home loans without waiving their legal rights.

Q: What do I do to get help?

A: For the modification program, call your lender or mortgage servicer to see if you’re eligible. For the refinance program, first find out if your mortgage is held by Fannie Mae or Freddie Mac. Then contact your lender, mortgage servicer or a mortgage broker for refinancing options.

Q: How soon can I get help?

A: Both the modification and refinancing programs start immediately.

Q: What if I don’t qualify for either program — is there any other way to get help with a mortgage?

A: Contact your lender or mortgage servicer regarding other modification programs or refinance options. Alternatively, contact a local housing counselor to negotiate with your lender or servicer, to help locate other local resources like rescue grants or loans, or to facilitate a short sale or deed-in-lieu of foreclosure if staying in the home isn’t possible.

A short sale is where homeowners sell houses for less than the amount owed on them, and the lender then considers the debt paid off. A deed-in-lieu of foreclosure is where the borrower gives the property to the lender to satisfy a delinquent loan and to avoid foreclosure proceedings.

Local housing counselors can be found at the U.S. Department of Housing and Urban Development’s Web site at http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm.

Q: Do FHA, VA or USDA home loans qualify for modifications under Obama’s plan?

A: Mortgages backed by the Federal Housing Administration, Veterans Administration or the U.S. Department of Agriculture are being modified under other programs. The Obama Administration and Congress are working on legislation that would allow modifications of these home loans consistent with the Making Home Affordable program.

Pre FORECLOSURE in El Cajon! Gorgeous El Cajon Home For SALE! Pre Foreclosure and a GREAT DEAL!

2009-02-10T07:30:00.000-08:00

Fannie Mae and Freddie Mac to halt Foreclosures...at least for now!

2008-11-21T09:33:00.000-08:00

URGENT NOTICE: Fannie Mae and Freddie Mac Foreclosure Freeze
by Tim Harris on November 20, 2008

As predicted, expect to see more foreclosure moratoriums…typically for 90 days. California tried this and it didn’t have any sort of significant effect. Expect to see a massive number of foreclosures hit the market after this artificial reprise….

Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.

The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate whether borrowers qualify for a new loan modification program announced last week.

As you may recall when the government seized Indymac back the FDIC implemented their own “Mortgage Loan Modification” program. Overall, very few loans were actually modified as a percent of the whole. Now we are seeing that even after the homeowners have had their mortgages modified they are still missing payments. Loan Mods are a great solution in theory. But, the newest research about what happens post loan modification isn’t encouraging. Clearly, simply massive numbers of homes will become REO listings.

Fannie Mae said about 10,000 households would be affected, while Freddie Mac said the changes would affect about 6,000 borrowers who are facing foreclosure. The change does not apply to vacant homes.

Read that again….only 16,000 borrowers would be ‘affected’….that’s assuming they want to do a loan modification. Remember, a loan modification temporarily makes the payment lower….rarely, are there any principle reductions. In other words, they are still upside down in their homes. If they want to sell..and they don’t want a foreclosure on their credit one of their best options is doing a short sale.

OK, you will love this next part…..in order to qualify for this new initiative a borrower has to miss 3 mortgage payment….

Fannie and Freddie’s loan modification plan aims to help abate the foreclosure crisis by aiding homeowners who have fallen at least three months behind on their payments, but only if their loans are held by the two companies.

More fun facts….when I first read this next point a week or so ago I thought it was a misprint. Can we all agree that one of the (many) reasons we are in this immense real estate mess is because lenders gave mortgages to people who didn’t qualify? Assuming we are in agreement…then WHY the heck is it that the FHA is now allowing people to have mortgages with a 38% housing ratio? Get this, the actual housing debt to income ratio that the FHA uses is………..28%. So, the FHA is now becoming the worlds largest….SUB-PRIME lender!

Under the program, the new primary mortgage payments — including taxes and insurance _shouldn’t total more than 38 percent of homeowners’ pretax monthly income.

It very important that you read and clearly understand the next point…THIS year…2008…the NAR is estimating that there will be around 5 million home sales….the FDIC is expecting that by the end of THIS year…2008 there will be 4.4 MILLION borrowers who are deliquent on their mortgages. If you are a HREU Coaching Student you know that the best opportunities for helping the millions (and millions) of homeowners is still ahead of us. If the government predictions are correct nearly 50% of ALL sales in 2009 will be REOs and Shortsales.

Fannie and Freddie are the dominant players in the U.S. mortgage market but hold only 20 percent of delinquent loans. Ultimately about 400,000 households are likely to qualify for the loan modification program, according to Priya Misra, a mortgage analyst with Barclays Capital.

By contrast, the Federal Deposit Insurance Corp. estimates that more than 4.4 million borrowers will become delinquent by the end of next year, not including loans backed by Fannie and Freddie.

The 4 Point Plan - Economic Recovery Proposal

2008-11-14T08:55:00.000-08:00

These tips would certainly help San Diego Real Estate, and the country!

Here is the 4 Point Plan from the NAR: National Association of Realtors! Call your congressman!

The Four Point Plan
The most recent economic stimulus bill, the Emergency Economic Stabilization Act, was a good first step towards stabilizing our nation’s economy. Unfortunately, a number of the Act’s provisions have not proven to be as useful at stabilizing the nation’s housing markets as was first thought.

Congress may consider second economic stimulus bill this month. If they do, there are a number of changes that could help to provide more stability to the nation’s real estate markets which most agree is a necessary step towards recovery.

NAR has urged Congress to include the following provisions in any future legislation:

Make the $7500 tax credit available to all purchasers and eliminate the repayment requirement. The credit’s limited availability and required repayment terms have severely limited the credit’s appeal to potential homebuyers. As a result, the credit has not been widely used or proven effective at stimulating sales.

Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules for 2009 would significantly reduce the FHA, Fannie Mae and Freddie Mac loan limit from their 2008 levels. Now is not the time to limit the availability of affordable mortgages.

Get the Emergency Treasury bank relief program back on track by targeting more funds to mortgage relief efforts and increasing efforts to mitigate foreclosures. Don't just give the banks unrestricted cash. Make the program work to improve mortgage and housing markets as it was originally intended.

Permanently bar banks and banking conglomerates from engaging in real estate brokerage and management. The banks have proven they have enough to do to simply properly manage their current lines of business. Do we really want them to manage on the home buying process? Imagine what could have been the situation now if they already had the added ability to engage in real estate sales.

****************************************************

For everything you need to survive in the N. San Diego Real Estate market, go to: http://www.MarcVonMusser.com

****************************************************

The FED's back away from Helping Homeowners

2008-11-13T11:59:00.001-08:00

Well, the FED has backed away from helping homeowners with the 700 Billion Dollar bailout. The Government has decided to apply these funds to help the credit markets and other entities. This isn't a huge surprise for San Diego Homeowners facing foreclosure. Disappointing, but not surprising.

Here is the new assistance program being put forth. Unfortunately, this will only and estimated 5-10% of San Diego Homeowners facing foreclosure.

FEDERAL HOUSING FINANCE AGENCY ANNOUNCES NEW FORECLOSURE MITIGATION EFFORT
The Federal Housing Finance Agency yesterday announced a new loan modification program designed to reduce preventable foreclosures with a simplified, streamlined program to put struggling homeowners into mortgage they can afford. The goal is to have a uniform process for loan modifications that the majority of lenders and servicers will use. Participants include Fannie Mae, Freddie Mac, Federal Home Loan Banks, Hope Now participants, the U.S. Dept. of the Treasury, the Federal Housing Administration and the Federal Housing Finance Agency, and Wells Fargo.

To be eligible, the borrower must: have missed three or more payments; own and occupy the property as a primary residence; have not filed for bankruptcy; and be able to have their mortgage modified so their entire mortgage payment, including association dues, if applicable, is no more than 38 percent of their gross income.

Program details are still forthcoming, with a targeted implementation set for Dec. 15. Troubled homeowners should inquire with their lenders or servicers as to participation and eligibility for this new program.

The best solution when facing foreclosure in today's market is talk with someone, like me, that understands the foreclosure process and the options to avoid foreclosure.

We can't help if we don't know you are in trouble. Timing is critical in today's market!

All the best
Marc

************************************************

Don't just survive this RE Market....THRIVE!!! Go to my website for more!

************************************************

"Please Verify that you are Alive".... new banking requirement

2008-10-29T21:15:00.000-07:00

"Please Verify that you are Alive".... A new banking requirement?

Apparently, this is the latest in a line of tightening lending requirements that San Diego homebuyers will need to be able to prove! (If only politicians would use this standard with their voter registration)

I'm not kidding. Wow, lenders sure are asking for a lot of crazy new requirements.

Yesterday, a very good client received a call from the lender wanting to verify if he was still alive. When he assured them that he was, the lender was not convinced! They asked to speak and verify it with someone else. Luckily, my client was able to verify that he was in fact, alive!

I wonder what lenders will ask for next? Verify the verifier?

************************************************

To help you through the myriad of changing conditions in the San Diego Real Estate Market, go to: http://www.MarcVonMusser.com

************************************************

Hope For HOMEOWNERS: H4H in San Diego

2008-10-28T09:58:00.000-07:00

They say the only thing that stays the same, is change. Well, this is certainly true in the North San Diego Real Estate Market! Forclosure and Short Sales are dominating our market. Sales are up, prices are down. This is largely attributed to the falling prices and positive cash flow opportunities for investors.

What if you DON'T Want to sell? What if you want to keep your home? Well the help is slowly starting to trickle in. Here's a break down of the Hope For Homeowners initiative that took effect on October 1, 2008.

The Hope For Homeowners (H4H) initiative that was part of the July stimulus package began to be implemented Oct. 1.The H4H program allows troubled homeowners to keep their home, while enabling lenders to receive a Federal Housing Administration (FHA) guarantee on the loans. Under terms of the voluntary program, lenders agree to refinance the existing mortgage at 90 percent of the current appraised value and assume the loss on the remaining balance; the new loan is an FHA guaranteed 30 year, fixed-rate, fully amortized, fully documented loan; and the homeowner must forego a portion of the home’s future appreciation to the FHA when it is sold.

The FHA has posted a list of lenders participating in the HOPE for Homeowners program. When contacting the lenders, the FHA is strongly encouraging consumers to also contact their servicing lender and any subordinate lien holders as their participation is vital in order to refinance into a H4H mortgage. The program is voluntary and servicing lenders may offer different solutions for avoiding foreclosure. The FHA plans to update the list weekly on Fridays. The list is available at http://portal.hud.gov/portal/page?_pageid=73,7605762&_dad=portal&_schema=PORTAL

*********************************************

Everything you need to THRIVe in this market, go to:

http://www.MarcVonMusser.com

*********************************************

AVOID FORECLOSURE: North San Diego Loan Modifications

2008-10-23T14:31:00.000-07:00

I found this interesting post online. While each bank has different criteria, LOAN MODIFICATIONS are one of the best ways to avoid Foreclosure in North San Diego.

Chase underwriter says, “We are approving 98% of the loan modifications.”
I received a call last night from a nice gentleman who works as an underwriter in Chase’s loss mitigation department in San Diego, California.This unit of Chase is also known as the “ARM Unit”.

In the course of the conversation he told me that the main function of this department is to modify as many adjustable rate mortgages as they can, as fast as they can. He also went on to tell me that they were approving more loan modifications than denials and even threw out a number that he swears is true.

“98% of the Chase loan modifications are approved and they do whatever they can to keep homeowners in their home.” Typical interest rate is 5% and the rate is fixed on average, 30 years. It doesn’t matter if it is their primary residence, second home or investment property, they will modify the loan if it makes sense.

Also, this BS rumor that these loan modifications needs to be individually approved by an investor is completely false. The Chase underwriter told me that all the investors want loan modifications and they have already given Chase the green light to modify loans at will. He said there may be a few investors that do not allow this, but he says they are the minority.
This is something I have been advocating since day one. Give everyone loan modifications that deserve it and if they default after the loan modification, then they deserve to go into foreclosure. (unless it is a new hardship)
Plain and simple. This isn’t rocket science and there are too many homeowners losing their homes because of the incompetence of these lenders and servicers loss mitigation departments. It needs to stop and we need to hold them accountable!
This is business and also a bit of human compassion mixed in. You sold them or you now service their toxic loan, now give this “human being”, “American homeowner”, “mother or father” a break and help them stay in their home. Stop lying to the media and American people. When you say you don’t want to take people’s homes, back these claims with real help and data to back it up. The media lip service must stop now!
I just wanted to give Chase another thumbs up and give credit where credit is due. I hope to give some more thumbs up posts in the future in regards to other lenders and servicers and I also will keep telling the truth and bashing lenders and servicers when necessary.

New FHA Lending Guidelines Announced!

2008-10-20T10:47:00.000-07:00

New FHA Lending Guidelines Announced | Mortgages Harder To Get

by Tim Harris on October 20, 2008

In a move that will stymie thousands of American home buyers and homeowners, Fannie Mae announced another round of mortgage guidelines changes last week.

Unlike past revisions in which Fannie Mae tightened debt ratio and credit scoring requirements, however, the newest underwriting updates zero in home equity and home buyer downpayments.

This is consistent with the emerging underwriting philosophy that Collateral is King.

Paraphrasing Jeff Spicoli:

No home equity, no downpayment, no dice.

Effective December 13, 2008, Fannie Mae will enforce the following single-family residence restrictions:

Primary residence, “cash out” refinances are limited to 85% loan-to-value
Second home, cash out refinances are limited to 75% loan-to-value
Investment properties cannot be refinanced without a 25% equity position
Each bullet point represents a 5 percent tightening over the previous guidelines.

Now, to be clear, Fannie Mae isn’t the only source for mortgage money. To date, the others — comprising the FHA, the VA, and an innumerable amount of portfolio lenders — have yet to announce similar loan-to-value restrictions.

But, because Fannie Mae (along with Freddie Mac) guarantees almost half of the nation’s home loans, it does swing a big stick. Historically, when Fannie Mae gets tight with its money, the other groups tend to follow.

Starting 60 days from now, qualifying for a conforming mortgage will require more home equity than at any time since 2003.

Now, there are a lot of people sitting around right now, waiting for mortgage rates to fall before buying or refinancing their home.

I’d offer a more prudent idea: Just get on with it already.

None of us can predict what where mortgage rates will go. Recession, inflation, whatever — it’s a big mystery. But, we do know with 100% certainty that guidelines will tighten effective December 13, 2008, and it will prohibit Americans from getting access to mortgages.

We know this because Fannie Mae published it on its Web site.

If you’re buying a home or in need of a refinance, consider moving up your timeline. If rates fall after-the-fact, you can always try to refinance into something less expensive. But if guidelines shut you out, there’s nothing you can do about in hindsight.

If you know you need mortgage money now, just take care of it. Great low rates don’t mean a thing if you can’t get qualified. And starting December 13, 2008, the qualifying hurdles are going to be raised.

(Images courtesy: Free Republic, The Wall Street Journal Online)

********************************************

For everything you need to THRIVE in today's real estate market go to: http://www.MarcVonMusser.com

********************************************

No MORE SHORT SALES in San Diego County???

2008-10-16T16:38:00.000-07:00

"No More Short Sales in North San Diego County for Homeowners???"

I have received this phone call at least 3 times in the last couple of weeks. The short answer is this isn't true.

San Diego Homeowners have heard this bantered around on the National and San Diego news, but the television is referring to Short Selling 'Stocks', not Short Sales in Real Estate.

A Short Sale or Short Pay in Real Estate refers to the sale price is "Short" for what is owed.

Short Sales in North San Diego, and all of San Diego will be a large part of the San Diego real estate market until at least 2010. At least 50% of the homeowners will be upside down on their homes (in terms of equity) before 2010.

Whether you want to buy, invest or sell; you must understand Short Sales!!! They affect all transactions and price, just as foreclosures do.

For more information on Short Sales in North San Diego call me and we can discuss your situation.

All the best
Marc

*********************************************

Don't just SURVIVE this market, THRIVE in this market! Go to: http://www.MarcVonMusser.com

*********************************************

CARLSBAD CA Pre Foreclosure For SALE! Best deal in CARLSBAD CA

2008-10-15T06:53:00.000-07:00

CARLSBAD Beach Home for SALE! Pre- Foreclosure, BANK APPROVED Short SALE!! Walk to BEACH! CARLSBAD, CA in HARBOR POINTE!

Location: Harbor Pointe

BANK APPROVED: PRE - FORECLOSURE - Short Sale in one of CARLSBAD's Most Desirable Neighborhoods, Harbor Pointe!

This is one of the best DEALS in CARLSBAD! A similar model currently for sale is asking $520,000!!!

Walk to white sandy beaches! Close to numerous world famous golf courses: La Costa, Torrey Pines, Aviara and more. Close to Lagoons, parks, schools, freeways, shopping and more! Location, Location, Location!!!

Perfect for a vacation home, first time buyer, empty nester, investor or anyone looking for a home close to the beach at a GREATTTTTT PRICE and it's BANK APPROVED! All we need is a buyer!

This home has 2 bedrooms and a LOFT! The loft could easily be a home office, guest room or den. The home has a 2 car attached garage, with rafter storage. A private, gated side yard with water featured and wood deck. Cul de Sac location within a gated community. The community has a refreshing pool and spa just steps away. The home has had the overgrown landscaping removed, allowing for easy design and installation for the next owner.

This home originally sold for $555,000! So the home will not last long at this price! We have BANK APPROVAL at $425,000!

For more information go to: http://www.MarcVonMusser.com or call toll free for 24 hour FREE Recorded message: 1-800-990-2473 ext 109

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Asking Price: $430,000.00

Flexibility: Negotiable

Additional Pricing Information: Property is a Short Sale, terms have been approved by lenders.

Property Location

809 SKYSAIL Ave
Carlsbad, CA 92011
View Map

Links

Features

Bedrooms: 2

Bathrooms: 2

Parking: 2

Year Built: 1986

Subdivision: Harbor Pointe

Garage Size: 2

School District: Carlsbad Unified

Square Footage: 1250

Agent Name: Marc Von Musser

Broker: Keller Williams Realty

Attributes

Appliances

Range/Oven

Full Refrigerator

Dishwasher

Sink Disposal

Interior Amenities

Fireplace

Hardwood Floors

Vaulted Ceilings

Exterior Amenities

Patio

Fenced Yard

Swimming Pool

Gated community

Community pool & spa

Walk to beach & parks

2 car garage

Photo Gallery

View as Slideshow View Photo Gallery (15 Photos)

VFLYER ID: 1619483

North San Diego Real Estate Market & Bubble forecast

2008-10-09T10:09:00.000-07:00

A big reason the San Diego Real Estate and the North San Diego Real Estate Market are in the condition they are, is largely due to the Adjustable Rate mortgages that were so popular in 2002-2006. These loans would offer a very low introductory interest rate, with a rate adjustment in 2-5 years.

The sales pitch by lenders was simple, don't worry about the rate increase, we'll refinance this way before then. Unfortunately, this didn't happen. Prices dropped, lenders increased the requirements to obtain a loan, debt to income ratios become more stringent, loan programs disappeared and lenders stopped offering 'Stated' loan programs (not proving income).

So what happens to these tens of thousands of North San Diego homeowners? Well, they do have some options. Unfortunately, most of them are not great.

A few options:
1. refinance (if possible)
2. create a second income (get a part time job)
3. Loan Modification (work w/the lender to drop the interest rate)
4. Short Sale (sell the home for less than is owed)
5. do nothing and foreclose. (the worst option)

(There are other options like a forbearance, deed in lieu, etc. but these aren't as common)

So what does the future hold? Tough times ahead for North San Diego real estate market. According to the number of resets (loans about to adjust upward) we can see 2009 will have thousands of loans coming due.

So, when do we hit the bottom? I hear that question daily, and while no one really knows, we can look at key indicators to identify and get an idea of what the future might bring to the North San Diego Real Estate Market.

NOTE: This doesn't mean you can't sell a home! This simply means you must have an expert on your side that can help you through this tough market!!!!

For buyers, you couldn't have picked a better time to buy a home! Prices have dropped a ton, interest rates are fantastic!

Call me for a free evaluation of your real estate situation and we can develop a winning plan for you!

All the best
Marc

*****************************************

Everything you need to Survive and Thrive in the current North San Diego Real Estate Market, go to http://www.MarcVonMusser.com

*****************************************

SAN DIEGO Real Estate and National Real Estate market update

2008-10-09T09:52:00.000-07:00

The NAR released new data that shows an unexpected increase in existing home sales for August…Up 8.8% compared to August of 2007. SAN DIEGO Real Estate numbers will be a bit different, as SAN DIEGO has been hit hard by the foreclosure crisis!

Its safe to say that the existing homes sales increased due to a couple important elements:
1) Short sales are closing (faster)
2) Banks are dumping their REOs.
Have you seen this CNBC chart comparing Existing Home Sales and Pending Home sales from a June article titled: NAR’s Pending Home Sales: Something’s Amiss

Source: CNBC Reality Check

But here is a longer term graph from the WSJ.

Source: WSJ Real Time Economics

This shows that existing home sales do track Pending Home Sales pretty well over a longer period.

Note: The WSJ advanced pending home sales one month.

And here is a third graph from Northern Trust:

Source: Northern Trust

Note that Northern Trust uses a 2 month lag.

This shows that the choice of scale and time period can impact these types of comparisons. I think the first graph is misleading, and that Existing Homes Sales do track Pending Home Sales pretty well.

San Diego Real Estate has been hit hard by the forelcosure crisis, so the numbers here might vary. Overall, homes are selling when priced right, marketed correctly and showable!

****************************************

For everything you need to survive and thrive in the SAN DIEGO Real Estate market, go to http://www.MarcVonMusser.com

****************************************

OPEN HOUSE: Solana Beach Dream Home on OCT 11, 1-4pm

2008-10-07T11:22:00.001-07:00

* * SOLANA BEACH Home For SALE! Priced to SELL FAST! Over $100k in upgrades, it's GORGEOUS!! Walk to beach * *

Location: SOLANA BEACH

Gorgeous Remodeled SOLANA BEACH Beach home FOR SALE!

Live the Southern California Lifestyle! This home is a quick walk away from of the best beaches in San Diego. Close to the Commuter rail and Del Mar race track, world famous golf courses (Torrey Pines, La Costa, Aviara). Solana Beach is the last great Beach community! Perfect for a Dream Home, vacation home, investment or rental.

If Great schools are one of your concerns, this home is located within the Award Winning Solana Beach School District! Many local citizens say this is the closest thing you can get to a private education!

This home won't last!!! A similar home without the upgrades sold at the same price! Priced for IMMEDIATE SALE!

Here's a partial list of features and improvements:

* BONUS: w/accepted offer: a 65" Flatscreen tv, surround sound system inside and outside

* SPECIAL FINANCING OPTION: As low as 6.15%, call for details
* Remodeled from the ground up w/over $100,000 in improvements.
* RV Parking with room to park up to 4 cars or a small boat
* Shows like a model home!
* Exotic, Vitoria Regia Satin Granite kitchen countertops,w/ tumbled stone full backsplash
* Gorgeous Hickory floors, all oil rubbed bronze finishes,
* High end, Built in,stainless steel appliances,
* Upper and lower cabinet lighting in kitchen, designer lighting throughout,
* Light capturing skylights in the kitchen (remote control)
* high profile crown & base moulding throughout,
* custom slate fireplace,
* Master Spa Tub
* 65" inch flat screen tv with surround sound, high end media center,
* Outdoor beach shower! Take a hot shower after a fun day at the beach
* Laundry and extra storage in the garage
* The home utilizes space w/a ton of cabinets & even a functional loft. Cute cozy backyard & patio

Many homes in this neighborhood decided to add a second story, increasing the square footage and the value. This home could be enlarged if the new owner so desires. The rentability of this home is also huge, providing a great opportunity for the next owner to rent it out during Del Mar Race season, while they make plans for their dream home.

VIRTUAL TOUR: http://www.PropertyPanorama.com/47134

For FREE 24 hour recorded information on this home: 1-800-990-2473 ext 458

For more information go to: http://www.MarcVonMusser.com

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Asking Price: $1,199,000.00

Additional Pricing Information: Call for Current status and PricingSPECIAL FINANCING OPTION: as low as 6.125% apr...Call for details

Property Location

358 N Sierra Ave
Solana Beach, CA 92075
View Map

Links

Website

Features

Bedrooms: 2

Bathrooms: 2

Parking: 6

Year Built: 1955

Subdivision: Solana Beach

Garage Size: 1

School District: SOLANA BEACH

Square Footage: 989

Agent Name: Marc Von Musser

Broker: Keller Williams Realty

MLS #: 080063340

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Fireplace

Hardwood Floors

Vaulted Ceilings

Exterior Amenities

Patio

Fenced Yard

Grass Lawn

Outdoor Shower

extra long driveway

RV & Boat parking

Photo Gallery

View as Slideshow View Photo Gallery (10 Photos)

VFLYER ID: 1900605

Rancho Penasquitos Pre Foreclosure Condo Townhome FOR SALE

2008-10-06T10:05:00.000-07:00

PRE-FORECLOSURE Rancho Penasquitos Condo - Townhome FOR SALE! POWAY SCHOOLS & Casablanca Development in the heart of SAN DIEGO!

Location: Rancho Penasquitos

Rancho Penasquitos Condo Townhome FOR SALE! Located within Award Winning Poway School District.

Great Price on this desireable home in one of the nicest communities in San Diego, CASABLANCA. Surrounded by professional lush, mature landscaping you will find relaxing trails and streams leading you to 4 swimming pools and spas.

A terrific location, this home is just minutes to the I-15, and the 1-56. Close to schools, shopping, freeways, dining, theatres, parks and more.

This single level home has beuatiful hardwood, laminate floors with a very functional design. A beautiful fireplace in the living room for those romantic evenings. The kitchen has black appliances and nice cabinets. The home has a stackable washer and dryer in the home, meaning no more trips to the laundrymat! The home is in good condition and simply needs a new owner!

This PRE-FORECLOSURE is Priced to sell! Offers being entertained between $199,000 and $230,000.

For more information go to: http://www.MarcVonMusser.com or

Call our 24 hour FREE Recorded Message at 1-800-990-2473 ext 212

Information

Contact Information

Marc Von Musser, MBA, CFS, CSP

760-470-1453

Pricing

Price: $230,000

Flexibility: Negotiable

Additional Pricing Information: Pre Foreclosure. Price, terms to be approved by lender.

Homeowner Dues: 247

Property Location

13212 Salmon River
San Diego, CA 92129
View Map

Features

Bedrooms: 2

Bathrooms: 2

Parking Spaces: 2

Year Built: 1986

Subdivision: CASABLANCA

Located on Floor #: 1

Floors in Bldg: 2

School District: POWAY

Square Footage: 927

Agent Name: Marc Von Musser, MBA, CFS, CSP

Broker: Keller Williams Realty

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Cable

Interior Amenities

Fireplace

Hardwood Floors

Security Screen Door

Building Amenities

Patio

Swimming Pool

Hot Tub

Guest Parking

Recreation Center

Community club house

Community Bar BQ

Photo Gallery

View as Slideshow View Photo Gallery (10 Photos)