Alright! 2010 is here..

Many of us have been looking for the fresh start, there is no better way than begening a new year. Nevertheless we should always look at our history.

Personally my 2009 year has been great! Like most of us we began the year with change in mind. “Yes we can” . I was fortunate to add a member to my family. I cant wait to hold the new baby in my hands. Joining REMAX was a another wonderful opportunity that I took this year and it motivated me launch a full service blog and website, that will not only help my customers but i will help me in continuing to study my industry.

Over all it’s been an exiting year, growing family and defining my business with more character I continue to take it to the next level. What more can i ask for..? I have health, family, and business… I am looking forward to more this coming year 2010.

Goals should be personal and should be used to empower you. But generaly, the basis of my gaoal are increase my site exposure, encrease my transactions all while I spend more time with my family.

May all your plans be realized and if you don’t plan may you continue to reach your excellence everyday.

Wishing everyone a safe and joyful holiday weekend. Us Latinos start to celebrate on Christmas Eve and all the way through New Years day. Now is the time to spend with your loved ones and take the best from them. I’m sure everyone has their different thoughts on food, family, work etc., but just take the best and enjoy! As for me I will be enjoying my wonderful family, have a loving holiday.
Ed Martinez

With the entire Nation being  in the negative or below water with the mortgages many home owners are asking what they should do:

Here are the  pro active options that you should consider:

1- Walk away: This maybe an option but on that should be a last resort, if it is even on to be consider. Of course the easy way out if the one most people will consider first. As in most cases the easy way out is the the best. This may ruin your credit for 7 to 10 years and recuperating from this can be very hard to buy a home again in the future. if you decide the bank referes to it as ” Deed in Lieu of Foreclosure”

2-Wait it out: Yes staying in your home is an option. What you should consider is how much are you upside down? Then have some one looking into current values in your local area. Determine its current value  and based on national/state or community  appreciation rates calculate the ideal time or recovery for your property. Remember all real estate is local. if you need some assistance with this calculations shoot me an email.

3- Modify your Existing Loan: Banks are doing this, you can do this on your own or consult a specialist in Loan Modification.  I have seen modifications that work for the client and other that are totally ridiculous and only benefit the bank.

4- Short Sale: If you look at all the other option and decided that you still can not see the light! Here is the best alternative you have heard it every where, “SHORT SALE”. There is both a great benefit to the Seller and the Buyer in this case. Buyer acquires the property a a great value, and Sellers sells with the negative portion of balance to be forgiven in most cases by the Banks.- Plus NO FORECLOSURE on your credit.

Right now most of us are worried to our stomachs of what is going to happen. Although I know it may be difficult to make a pro active choice it critical that you make it. Your happiness depends on it.

Finally Short Sale help Program

This is great news for sellers and buyers, now you can see the light! You don’t have to stay in you home  by” strategically defaulting “.

You can get on with you life , go through the Mod (modification) or short sale your home and before you know it you will be purchasing a home again. (it’s a cycle)

Fed housing program encourages short sales

who does it help!

• Sellers
• Real Estate Associates
• Attorneys assist clients for DEED IN LIEU OF FORECLOSURE

Program is Called HAFA  – Home Affordable Foreclosure Alternatives Program

• Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
• Prohibits servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement (up to 6 percent).
• Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed.)
• Provides financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicer’s to cover administrative and processing costs; and up to $1,000 for investors.

WHEN? April 5, 2010, but servicers may implement it before then if they meet certain requirements. The program sunsets on Dec. 31, 2012.

Like all government programs, they are here to help all of us. But may not be the easiest to understand so Contact a professional for help.

you can also visit: https://www.hmpadmin.com/portal/docs/news/hampupdate113009.pdf

Welcome! and thanks for stopping by and checking out the site.

I’ve put together a mixture of tools that you can you and i can use for research and knowledge.  All thank you need to do is visit the areas that interest you and the simple navigation will take you through every step of the way. If you need any assistance give me ring.

Enjoy!