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Real Estate News Blog

San Diego Foreclosures

 

If you're looking for a short-sale, a bank-owned home or a foreclosure in San Diego, call or email us and we'll put together a list of such homes in the San Diego area for you to take a look at. 

The list of San Diego foreclosed homes has grown since 2005, and as more and more ARM type mortgage loans come into the refi period, more San Diego homes will


San Diego home owners Green Tip of the Week: Clean your fridge’s coils

 

Cleaning the back of your fridge--the coils and electric circuitry--increases energy efficiency.  A refrigerator with dirty coils works harder, and uses 25 percent more energy compared with a fridge with clean coils.   To clean the coils: Disconnect the power; pull the unit away from the wall; remove the grill covering the coils; and use a vacuum cleaner or a bottle brush to clean.


San Diego home owners Green Tip of the Week: Clean your fridge’s coils

 

Cleaning the back of your fridge--the coils and electric circuitry--increases energy efficiency.  A refrigerator with dirty coils works harder, and uses 25 percent more energy compared with a fridge with clean coils.   To clean the coils: Disconnect the power; pull the unit away from the wall; remove the grill covering the coils; and use a vacuum cleaner or a bottle brush to clean.


San Diego Real Estate Tips - HUD booklet updated with new RESPA information

 

The Dept. of Housing and Urban Development (HUD) has released an updated version of a booklet to help consumers comparison-shop for a mortgage.  The publication, “Shopping for Your Home Loan: HUD’s Settlement Cost Booklet,” includes information about the new standardized Good Faith Estimate and HUD-1 settlement statement forms.  Beginning Jan. 1, lenders must begin issuing Good Faith Estimates to borrowers.

 


San Diego REALTORS® MAY FILE CONFIDENTIAL APPRAISER COMPLAINTS

 

San Diego REALTORS® and their clients who encounter unlawful or unprofessional conduct by an appraiser may file a confidential complaint with California's Office of Real Estate Appraisers (OREA).  Since implementation of the Home Valuation Code of Conduct (HVCC) in May 2009, REALTORS® have reported many challenge


San Diego Real Estate Tips

 

Real Estate always appears smaller when vacant, so some experts advise sellers to stage their property.  Staging companies can be hired to move furniture and sometimes paint rooms, to create a more calming space.  However, a professional stager does not have to be hired.  Many REALTORS® can make recommendations to sellers to help them present their San Diego home in the best way possible.


Obama’s standardized short-sale plan could help troubled San Diego homeowners

 

The U.S. Dept. of the Treasury recently announced the Home Affordable Foreclosure Alternatives Program (HAFA), which provides instructions for lenders and servicers participating in the Making Home Affordable Program and Home Affordable Modification Program (HAMP).  The purpose of HAFA is to create an alternative to foreclosures for homeowners unable to successfully modify their troubled mortgage under HAMP, and to streamline the short-sale process.


San Diego Real Estate Consumer Tips

 
  • Many San Diego homeowners have been enticed lately by mortgage interest rates hovering near 5 percent, leading some to think about refinancing their home.  The first step owners should take is to have their property’s value assessed and to contact a REALTOR® to find out what similar homes are selling for in the area, as opposed to their listing prices.  If there have been a high number of foreclosures in the neighborhood, chances are property values have declined.

    • New rules for counselors in San Diego County

     

    Older San Deigo homeowners who are considering a reverse mortgage can now get more help in the decision-making process.  The Federal Housing Administration, which insures reverse mortgages, last month instituted new standards for the counselors who, according to federal law, must meet with prospective borrowers before a loan can be approved.


    Shaving real estate commissions can save San Diego sellers thousands

     

     MAKING SENSE OF THE STORY FOR CONSUMERS

    Rather than focusing on a REALTOR®’s compensation, consumers instead should focus on identifying and selecting a REALTOR® who best meets their needs and unique situation.  The guidance and value a REALTOR® brings to the transaction cannot be determined by his or her commi