Palm Springs Area Real Estate

58500 ARACENA , LA QUNTA

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Tue, 18 Jun 2019 20:19:00 +0000

Desert Expert Abraham Baghbodorian Excels with Tarbell La Quinta Office

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 22 Jun 2017 20:05:00 +0000

Abraham Baghbodorian- Platinum Circle

TARBELL, REALTORS
PRESS RELEASE

Desert Sun- Agent Press Release ran 6-17-17

Desert Expert Abraham Baghbodorian Excels with Tarbell La Quinta Office

Tarbell, REALTORS is proud to recognize the achievements of a top agent in the La Quinta office. Abraham Baghbodorian is a Platinum Circle member of Tarbell’s Circle of Excellence sales club. He consistently produces an outstanding sales record while earning the respect and admiration of his clients and colleagues.

“Few agents put in the number of hours Abraham puts in to make sure his clients' needs are met,” said Branch Manager Gina Martlaro Tegland. “He works tirelessly for his clients, and I'm proud to count him among our Tarbell Family of Realtors.”

Baghbodorian, who joined Tarbell in 2008, is also a member of Tarbell’s Preferred Properties Division for luxury homes and estates. He serves local and international clients, earning their trust with his knowledge, professionalism, and caring approach to every transaction. Buyers and sellers who have worked with him confidently recommend his services and comment that his service and friendship continue long after the deal is done.

Baghbodorian turned to real estate after a distinguished career in the graphic arts industry, where his work with A-list clients earned him a stellar reputation for getting a job done on time and with unsurpassed quality. He brings that same commitment to his career in real estate. “I love being a Realtor because I love people and I love helping,” he said. “Real estate gives me the unique opportunity to continually meet new people and help them achieve their real estate goals. Whether their transaction involves a high- end estate, a vacation home, or an entry-level condo, my clients have my full attention and the benefit of my years of experience.

“My wife and I moved to the Palm Springs area from Los Angeles many years ago and never looked back,” he added. “There’s an old Native American saying, ‘Once you have experienced a deep purple sunset on a clear Desert night with a gentle warm breeze, you will have sand in your shoes.’ Meaning you are drawn to come back. We fell in love with the Desert many years ago and the decision to make our home here did not take more than five minutes. We definitely have ‘sand in our shoes.’”

Contact Abraham Baghbodorian for all your real estate needs.
Call (760) 600-6187,
e-mail abrahamb@tarbell.com,
Visit his website at www.ePalmSpringsRealEstate.com

Why Has Palm Springs Been the Presidents Destination for Decades ?

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Fri, 20 Jan 2017 22:49:00 +0000

Since the 1950s Presidents have visited, golfed and relaxed in the Palm Springs area . Starting with President Eisenhower who started frequenting Palm Springs in the 1950s and made several trips whereby the house he stayed in at Smoketree Ranch was dubbed 'the Western White House', and later he lived in Eldorado Country Club in Indian Wells.

President Kennedy was no stranger to Palm Springs , a lot was written about it . President Nixon visited and it is said that VP Spiro Agnew lived in the Desert after leaving office.

President Ford made Rancho Mirage his home in Thunderbird Country Club until his passing. President Bush Sr visited and golfed and so did President Reagan

President Clinton frequented the Desert and for years golfed and was involved in the Humana Challenge in La Quinta .

President Obama made over 5 trips to the Desert , and will be coming back after he leaves office, and it has been rumored that he bought or planning to buy or build a home in Rancho Mirage where he usually stays in Thunderbird Heights.

Since it was announced that President Obama's first stop after leaving office is Palm Springs , I noticed a surge in searches on my website for all the Thunderbird communities.

So WHAT IS IT that brought and still attracts Presidents to our Desert you might ask . Is it golf and sunshine or is there more to it ?

Yes , the golf and sunshine attracts them the first time, then they get "sand in their shoes" according to a Tribal saying. The calmness of our Desert and sense of belonging , the laissez faire lifestyle, the serenity of the purple skies following the gorgeous sunsets brings them back again and again.

If you have never visited the Desert , you should, and if you have then you already know what I am talking about.

We moved from Los Angeles 14 years ago after we got 'sand in our shoes' during our visits to the Palm springs area , and soon after I decided to help others explore the Desert and its lifestyle and joined the real Estate industry , and the rest is history .

To find your home in our paradise visit my website where you will be able to see all the homes available for sale , and feel free to call me 760-600-6187 at any time to answer any questions you might have.

Come and enjoy Life the way it is meant to be enjoyed in Sunshine and Happiness.

Abraham Baghbodorian
Tarbell Realtors
760-600-6187
epalmspringsrealestate.com

Tarbell Realtors Congratulates Abraham Baghbodorian

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Sat, 30 May 2015 19:03:00 +0000

TARBELL, REALTORS
PRESS RELEASE
Desert Sun , May 16,2015

Tarbell, Realtors is proud to recognize the achievements of Abraham
Baghbodorian of the broker's La Quinta Office. His outstanding
accomplishments year over year have earned him membership in
Tarbell's Circle of Excellence Sales Club at the prestigious Platinum Circle level.

In addition, Baghbodorian was recently honored at Tarbell's 2015
Excellence Awards where hundreds of his colleagues from Tarbell
offices throughout Southern California were on hand to acknowledge his success
as he received Top Individual Producer honors for the Desert Region.

"Our elite Platinum Circle agents are truly the very best of the best,"
noted Tina Jimov-Red , President of Tarbell, Realtors . "Abraham has
demonstrated the highest standards of professionalism and client
satisfaction . We celebrate his commitment to integrity and hard work"

Baghbodorian joined Tarbell, Realtors in 2008 after a distinguished career in the
graphic arts industry. His work earned him a stellar reputation with a client list that
reads like a Who's Who , including Lee Iacocca , Jerry Dunphy, Patricia Kennedy and
top designers like Peter Green and Siebel/Mohr . When a job needed to be done on
time and with unsurpassed quality, clients called Abraham. Baghbodorian brings that
same commitment to his career in Real Estate,

"I love being a Realtor because I love people, and love helping .
Real Estate gives me the unique opportunity of continuously meeting
people and helping them find their dream homes, while helping sellers sell"

Clients from across the Valley and across the world sing his praises and recommend
Abraham's services citing his knowledge, professionalism, and caring approach to
every transaction. Many comment on his continued service and friendship long
after the deal is done.

"Few agents put in the number of hours Abraham puts in to make sure his
clients' needs are met", said Gina Martlaro Tegland, Manager of Tarbell's
La Quinta Branch. "He works tirelessly for his clients , and I am proud to
have him on our team."

"I moved to the Palm Springs area from Los Angeles more than 10 years ago
and never looked back", said Baghbodorian. "The Decision as to where to move
did not take more than 5 minutes, as both my wife and I fell in love with Desert
years ago ; we had sand in our shoes. There is a old Native American saying that
I once read that says " Once you have experienced a deep purple sunset on a clear
Desert night with a gentle warm breeze; you will have sand in your shoes".
Meaning you are drawn to come back"

Yo can contact Abraham Baghbodorian at 760-600-6187
email abraham@epalmspringsrealestate.com ,
abrahamb@tarbell.com
Visit his website
epalmspringsrealestate.com

Sun City Shadow Hills OPEN HOUSE Starts at Noon

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 26 Sep 2013 19:04:00 +0000

Open House Saturday & Sunday Sept 28 & 29 from 12:00 to 3:00 PM

Located on Avenida Manzanillo , a very quiet street away from the main streets , traffic & noise. Close to the main Sun City Shadow Hills gate. Just follow the signs.

This is a San Rafael plan , known as the Great Room Plan built with entertaining in mind, and opens to a large back yard with built in BBQ, a sparkling Pool with tanning pad & Spa.

Do not miss this one! Stop by this Saturday or Sunday, or call me 760-600-6187 any time for a private showing.

See all the listing details of this home here

SOLD

Sparkling Pool & Spa with Tanning Pad

Sun City Shadow Hills Home San Rafael Plan

See all the listing details of this home here

Inventory of Homes for Sale Shrinks to A New Low in July 2013

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Wed, 21 Aug 2013 23:30:00 +0000

Not even the Desert's summer heat could stop the influx of home buyers to the Palm Springs area in search of a house or condo to buy. Folks are trying to beat the season's rush of Snowbirds & the anticipated increase in prices due to the higher demand when our Desert Season starts in October.

Inventory of houses & condos for sale in July was at the lowest since January of 2013. A 29% decrease in the number of homes available for sale, and a 29% decrease in the number of condos available for sale .

The Median Selling Price of houses in the Palm Springs area ( 9 cities & an incorporated area) is up by 34.8% in July 2013 vs July 2012 , while the Average Selling Price went up by 23.6 % for the same period.

The condos numbers came up too , with the Median Selling Price at 20% up & the Average Selling Price saw an increase of 5.5% for July 2013 vs July 2012 for all combined cities. But the major cities like Palm Springs , Palm Desert & La Quinta saw double digit increases in the Average Selling Price. You can the full Desert Area MLS chart here ....

If you have questions and would like a pdf copy of the Chart I will be happy to email you a copy.

If you are considering buying a home in Palm Springs, Palm Desert, Rancho Mirage, Indian Wells or La Quinta, just click on your favorite city to see all the available homes and condos currently available for sale.

Palm Springs Real Estate: March 2013 Homes & Condo Sales Report

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 29 Apr 2013 19:03:00 +0000

Home prices &Condo prices in Palm Springs and Desert Cities are still on the climb both in the median selling price and the average sold price.

When comparing the number of units sold in 2013 vs 2012 , you will see a drop from 794 sold homes t0 664 and that is mostly attributed to the drop in available Inventory of real estate coming on the market . March 2013 had an inventory of 2515 houses down from January's inventory of 2800 houses.

Condo sales did better in March 2013 with 281 condos sold in the Palm Springs area compared to 261 sold units in 2012. As for the Inventory , there is a drop from 1228 available condos in January 2013 to 1157 units in March 2013.

See the chart and stats of Homes and Condo Sales by Desert City for March 2013 .

Palm Springs Area Real Estate Market Report: January 2013 vs. January 2012

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 25 Feb 2013 23:53:00 +0000

The Average Selling Price of Houses is UP by 27% & 11.9% for Condos when comparing January 2013 vs. January 2012

The Real Estate Market in Palm Springs and all Desert Cities has been very active with buyers converging on the Desert from Canada, Europe and the cold States with the intention of finding vacation homes, or relocating while the real estate prices are still reasonable.
According to the latest Real Estate Market Report just published by the Desert Area MLS, the Median Selling Prices have gone to new heights
when compared to January 2012. This January the report shows the Median Selling Prices are up by a whooping 43.3% for houses, and a 29.9% for condos , and the Inventory is low especially in the popular cities $amp; desirable communities.

Which Desert Cities had the highest increase or Decrease?

Palm Desert saw the highest average selling price increase of 53.9% for single family homes, followed by Palm Springs with an increase of 18.1%.
Palm Springs came in first in Condos with an increase of 38% this January compared to January 2012, and Palm Desert came second at 17.5%
increase.

La Quinta had an 11.8% increase in average sold prices of houses, but a -14.5% decrease in condo sales. While Rancho Mirage and Indian Wells are in negative territories in both houses and condos average sales prices.

So far February has been very active, and from the appointments I have lined up for March , I anticipate higher average selling prices in February and March.

Due to space restrictions, I published the stats report on my website if you would like to see it.

One of my colleagues at the office told me that she has been telling her clients " If you snooze you loose" , and I do attest to that.
For those who are serious about wanting a piece of our Desert Paradise at still reasonable prices, do not procrastinate!

Visit my website to find your home in your favorite community and price range.

Abraham

Palm Springs Real Estate Market Condition Nov. 2012

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 27 Dec 2012 20:05:00 +0000

There isn't a single day that goes by without new reports being published about real estate, home sales and projections, but these reports are usually about California in general and other large metropolitan areas. Palm Springs and Desert Cities rarely get
reported on , so here is the latest and it is good. Prices are up, inventory is down.

Hundreds of people who visit my website daily are interested in what's happening with real estate and homes sales in the Palm Springs area.

If you are looking to invest, buy a vacation home or upgrade to a larger home, the table below will show you the hot spots, and the where the good deals will be.

Here is a breakdown of the California Desert Association of Realtors' report of average prices of homes Sold in Palm Springs and Desert Cities in November 2011 compared to November 2012 by Desert City:

November 2011

Palm Springs
$375,000

Cathedral City
$143,000

Rancho Mirage
$660,000

Palm Desert
$411,000

Bermuda Dunes
$253,000

Indian Wells
$1,620,000

La Quinta
$522,000

Indio
$168,000

November 2012

Palm Springs
$456,000

Cathedral City
$193,000

Rancho Mirage
$729,000

Palm Desert
$411,000

Bermuda Dunes
$389,000

Indian Wells
$1,211,000

La Quinta
$437,000

Indio
$228,000

Percentage of Change

Palm Springs
+21.6%

Cathedral City
+34.9%

Rancho Mirage
+10.4%

Palm Desert
Flat

Bermuda Dunes
+53.7%

Indian Wells
-25.5%

La Quinta
-16.28%

Indio
+35%

In Summary, if you have been thinking of buying a home in the Palm Springs area, procrastination is longer a luxury. Visit my website, check the home listings
and contact me, or just call me at 760-600-6187 and together we will find you the perfect home.

Palm Desert Golf Courses Open to the Public

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 15 Oct 2012 19:37:00 +0000

It's mid October and seasonal residents & vacationers started arriving to the Desert from Canada , the Northwest and the Midwest of the USA, and some are here for the first time and wondering where they can golf .

Here is a list of Public and Semi Private Golf Courses in Palm Desert:
palm desert public golf courses

CA Homeowner Bill of Rights Now a Law- Who Will Benefit?

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 12 Jul 2012 01:04:00 +0000

The following is a breakdown of the California Homeowner Bill of Rights which was signed into Law, as presented by the California Association of Realtors.

Assembly Bill 278 and Senate Bill 900, is available at www.leginfo.ca.gov.

Applicability of the Law: This law will generally come into effect on January 1, 2013. It only pertains to first trust deeds secured by owner-occupied properties with one-to-four residential units, unless otherwise indicated below. "Owner-occupied" means the property is the principal residence of the borrower and secured by a loan made for personal, family, or household purposes (CC 2924.15). A "borrower" under this law must generally be a natural person and potentially eligible for a foreclosure prevention alternative program offered by the mortgage servicer, but not someone who has filed bankruptcy, surrendered the secured property, or contracted with an organization primarily engaged in the business of advising people how to extend the foreclosure process and avoid their contractual obligations (CC 2920.5(c)). A "foreclosure prevention alternative" is defined as a first lien loan modification or another available loss mitigation option, including short sales (CC 2920.5(b)). Some of the requirements of this law do not apply to "smaller banks" that, during the preceding annual reporting period, foreclosed on 175 or fewer properties with one-to-four residential units (CC 2924.18(b)).

No Dual Tracking During Short Sale: A mortgage servicer or lender cannot record a notice of default or notice of sale, or conduct a trustee's sale, if a foreclosure prevention alternative has been approved in writing by all parties (e.g., first lien investor, junior lienholder, and mortgage insurer as applicable), and proof of funds or financing has been provided to the servicer. This requirement expires on January 1, 2018. Effective January 1, 2018, a lender or mortgage servicer cannot record a notice of sale or conduct a trustee's sale if the borrower's complete application for a foreclosure prevention alternative is pending, and until the borrower has been given a written determination by the mortgage servicer. Smaller banks are only covered by the requirements taking effect in 2018. CC 2924.11.

Cancelling a Pending Trustee's Sale: A mortgage servicer must rescind or cancel any pending trustee's sale if a short sale has been approved by all parties (e.g., first lien investor, junior lienholder, and mortgage insurer as applicable), and proof of funds or financing has been provided to the lender or authorized agent. For other types of foreclosure prevention alternatives, a lender must record a rescission of a notice of default or cancel a pending trustee's sale if a borrower executes a permanent foreclosure prevention alternative. These requirements do not apply to smaller banks, and will sunset on January 1, 2018. CC 2924.11.

Providing a Single Point of Contact: For a borrower requesting a foreclosure prevention alternative, the mortgage servicer must, upon the borrower's request, promptly establish and provide a direct means of communication with a single point of contact. The single point of contact must remain assigned to the borrower's account until all loss mitigation options offered by the mortgage servicer are exhausted or the borrower's account becomes current. The single point of contact must be an individual or team responsible for, among other things, coordinating the application for the foreclosure prevention alternative, giving timely and accurate status reports, having access to those with the ability and authority to stop foreclosure proceedings, and referring the borrower to a supervisor if any upon the borrower's request. Each team member must be knowledgeable about a borrower's situation and current status in the foreclosure alternatives process. These requirements do not apply to smaller banks as defined. CC 2923.7.

No Dual Tracking During Loan Modification: A mortgage servicer generally cannot record a notice of default, notice of sale, or conduct a trustee's sale for a nonjudicial foreclosure if the borrower’s complete application for a first lien loan modification is pending as specified, or if a borrower is in compliance with the terms of a written trial or permanent loan modification, forbearance, or repayment plan. The borrower will have 30 days to appeal the denial of a loan modification, and the mortgage service cannot proceed with the above foreclosure steps until 31 days after giving the borrower a written denial of a loan modification, or longer if the borrower appeals the denial. To prevent abuse of this provision, however, a mortgage servicer is not obligated to evaluate a first lien loan modification application from a borrower who has previously been evaluated before 2013, or given a fair opportunity to be evaluated, unless the borrower submits a documented material change in the borrower's financial circumstances. These specific requirements expire on January 1, 2018 at which time, as stated above, a lender or mortgage servicer will be prohibited from recording a notice of sale or conducting a trustee’s sale if the borrower’s complete application for a foreclosure prevention alternative is pending, and until the borrower has been given a written determination by the mortgage servicer. Smaller banks are only covered under the requirements commencing in 2018. CC 2923.6 and 2924.11.

No Late Fees or Application Fees: A mortgage servicer cannot collect any late fees while a complete first lien loan modification application is under consideration, a denial is being appealed, the borrower is making timely modification payments, or a foreclosure prevention alternative is being evaluated or exercised. A mortgage servicer is also prohibited from charging for any application, processing, or other fee for a first lien loan modification or other foreclosure prevention alternative. These requirements do not apply to smaller banks as defined. These requirements will sunset on January 1, 2018. CC 2924.11.

Additional Loan Modification Safeguards: Until January 1, 2018, a mortgage servicer must provide written acknowledgment of receipt within five business days of a borrower's submission of a complete first lien modification application or any document in connection with a first lien modification application. The acknowledgement of receipt must provide a description of the loan modification process, including an estimated timeframe for the mortgage servicer to decide, other timeframes, and any deficiencies in the borrower's application. CC 2924.10. Furthermore, effective January 1, 2013 with no expiration date, if a first lien loan modification is denied, a mortgage service must send a written notice to the borrower with the reasons for denial and additional information as specified. On January 1, 2018, the required content of the denial letter will change to comport with other changes that will take effect. Smaller banks need not comply with these requirements until January 1, 2018. CC 2923.6 and 2924.11.

Binding if Loan is Transferred: Any written approval for a foreclosure prevention alternative shall be honored by a subsequent mortgage servicer in the event the borrower's loan is transferred or sold. This requirement does not apply to smaller banks. This requirement will expire on January 1, 2018. CC 2924.11.

Lender Required to Review Foreclosure Documents: No entity can record a notice of default or otherwise initiate the foreclosure process, except for the holder of the beneficial interest under the deed of trust, an authorized designated agent of the holder of the beneficial interest, or the original or substituted trustee under the deed of trust. Furthermore, a mortgage servicer must ensure that certain foreclosure documents are accurate and complete, and supported by competent and reliable evidence. Those foreclosure documents are the initial contact declaration, notice of default, notice of sale, assignment of deed of trust, substitution of trustee, and declarations and affidavits filed in a judicial foreclosure proceeding. A mortgage servicer must, before recording or filing these documents, review competent and reliable evidence substantiating a borrower’s default and the right to foreclose. The above provisions have no expiration date. However, until January 1, 2018, any mortgage servicer who engages in multiple and repeated uncorrected violations of its obligation to review foreclosure documents shall be liable for a civil penalty up to $7,500 per deed of trust in an action brought by the Attorney General, district attorney, or city attorney, or in an administrative proceeding brought by the DRE, DOC, or DFI against a respective licensee (see below for a borrower's legal remedies). These provisions apply to all trust deeds, regardless of occupancy or number of units. CC 2924(a)(6) and 2924.17.

Extending Initial Contact Requirement: Existing law requiring a lender to contact a borrower 30 days before initiating foreclosure has been modified as well as extended with no expiration date. Originally set to expire on January 1, 2013, this provision generally prohibits a mortgage servicer or lender from recording a notice of default until 30 days after the lender or mortgage servicer contacts the borrower in person or by telephone to assess the borrower's financial situation and explore options for avoiding foreclosure. During the initial contact, the mortgage servicer must advise the borrower of the right to request a subsequent meeting within 14 days, and provide a toll-free number to find a HUD-certified housing counseling agency. Any meeting may occur telephonically. Instead of directly contacting the borrower, a mortgage servicer can satisfy due diligence requirements in the manner specified. A notice of default must include a declaration that the mortgage servicer has complied with or is exempt from this initial contact requirement. An existing requirement for a declaration in the notice of sale will be eliminated. Until January 1, 2013, this law generally applies to loans made from 2003 to 2007 secured by owner-occupied residential properties with one-to-four units, whereas starting January 1, 2013, this law will generally apply to first trust deeds secured by owner-occupied residential properties with one-to-four units. CC 2923.5 and 2923.55.

Notifying Borrower Before NOD: A mortgage servicer cannot record a notice of default for a nonjudicial foreclosure until the mortgage servicer informs the borrower of the borrower’s right to: (1) request copies of the promissory note, deed of trust, payment history, and assignment of loan if any to demonstrate the mortgage servicer's right to foreclose; and (2) certain protections under the Servicemembers Civil Relief Act if the borrower is a service member or dependent. This requirement does not pertain to smaller banks as defined. This requirement expires on January 1, 2018. CC 2923.55.

Notifying Borrower After NOD: Within 5 business days after recording a notice of default, a mortgage servicer must generally send a written notice to the borrower on how to apply for the mortgage servicer’s foreclosure prevention alternatives if any. This notice is not required if the borrower has previously exhausted the first lien loan modification process offered by the mortgage servicer as specified. This requirement does not apply to smaller banks as defined. This requirement shall sunset on January 1, 2018. CC 2924.9.

Postponing a Trustee's Sale: Whenever a trustee’s sale is postponed for at least 10 business days, the lender or authorized agent must provide written notice of the new sale date and time to the borrower within five business days after the postponement. However, any failure to comply with this requirement will not invalidate any trustee's sale that would otherwise be valid. This requirement applies to all trust deeds, regardless of occupancy or number of units. This requirement shall sunset on January 1, 2018. CC 2924(a)(5).

Legal Remedies for Borrowers: A borrower may generally bring a private right of action to enjoin or stop a trustee's sale until the mortgage servicer has corrected certain material violations of this law. If a trustee’s deed has already been recorded, the borrower may recover actual monetary damages for certain material violations. For intentional and reckless violations by the mortgage servicer, the borrower may recover treble actual damages or $50,000, whichever is greater. A prevailing borrower who is awarded relief under this provision can also recover reasonable attorneys’ fees and costs. Certain violations by a person licensed by the DRE, DOC, or DFI are deemed violations of that person's licensing laws. These provisions do not apply to smaller banks until 2018. CC 2924.12. C.A.R. opposed this provision because of our concern for bad faith claims, but the Legislature was not convinced.

Lender's Standard of Care to Investors: The Legislature intends for a mortgage servicer to offer the borrower a loan modification or workout plan in accordance with the mortgage servicer's contractual or other authority. Any duty a mortgage servicer has to maximize net present value under a pooling and servicing agreement is owed to all investors, not any particular investor. A mortgage servicer will be deemed as acting in the best interest of all investor if it implements a loan modification or workout plan in accordance with certain specified parameters. CC 2923.6.

Homes Prices Up , Inventory Down in the Greater Palm Springs

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Sat, 16 Jun 2012 18:19:00 +0000

Finally after all the negative news about housing and prices, the trend in greater Palm Springs show some pretty good signs of home prices going up , and the inventory going down .

We saw median home prices of sold homes going up month over month in 2012. In January 2012 the median sold price was $168,000 and has been rising ever since, the May 2012 median price was $220,000 , and I see the trend continuing based on the fact that inventories of available homes is down to 3.3 based on listings, and 2.9 based on pending sales.

Below is a snapshot of the May 2012 report , see the full report here

If you are interested in receiving a report for a specific city in the Palm Springs area, or for a specific community, you can request report here and I will be glad to generate it for you.

Find and View homes, condos and luxury homes for sale in Palm Springs and all Desert Cities here

For Immediate Assistance call me at 760-600-6187

Underwater With Your Mortgage ? Some Relief Could be Coming Your Way from BOA !

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 14 May 2012 22:05:00 +0000

Bank of America announced on May 8, 2012 that they started mailing letters to some 200,000 home owners who are underwater with their mortgage. The goal is "retention" through helping eligible struggling home owners with principal balance reduction on their mortgages.

This move is part of the settlement reached between the Banks and the Federal Government and accepted by 49 State Attorneys.

To be eligible, the home owner must :

Owes more on the mortgage than the property is worth today.
Was at least 60 days behind on payments on January 31, 2012.
Has a contractual monthly payment for principal, interest, property taxes, hazard insurance and any applicable homeowner association fees totaling more than 25 percent of gross household income.
Has a loan that is owned and serviced by Bank of America, or serviced for another investor that has given the bank delegated authority to do such modifications.

For all the details read BOA's Press Release

ePalmSpringsRealEstate

Palm Springs Evolved into Palm Springs Oasis

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 10 May 2012 17:11:00 +0000

Palm Springs, CA Where Visitors become Residents!

Find your Home in the Palm Springs Oasis

If Your Home Was Foreclosed in 2009 or 2010 You Can Request a Review

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 03 Nov 2011 21:21:00 +0000

With the millions of foreclosures during the past few years, the robo signing, and the declined Loan Modification applications , now home owners whose primary residence was being foreclosed between January 1, 2009 and December 31, 2010 can request an independent review.

"The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (federal bank regulators) have required an Independent Foreclosure Review by an independent consultant to identify eligible customers who may have been financially injured due to errors, misrepresentations, or other deficiencies in their foreclosure process. If the review finds that financial injury occurred, the customer may receive compensation or other remedy. "

Home owners are eligible for an Independent Foreclosure Review if :

Your mortgage loan was serviced by one of the participating Mortgage Servicers
Foreclosure process was active between January 1 , 2009 and December 31,2010
The property was your primary residence.

The list of participating servicers includes:  

America’s Servicing Co. 
Aurora Loan Services
Bank of America 
Beneficial 
Chase 
Citibank
CitiFinancial
CitiMortgage 
Countrywide 
EMC
EverBank/EverHome Mortgage Company
GMAC Mortgage 
HFC
HSBC 
IndyMac Mortgage Services 
MetLife Bank 
National City Mortgage
PNC Mortgage 
Sovereign Bank 
SunTrust Mortgage 
U.S. Bank 
Wachovia Mortgage 
Washington Mutual (WaMu) 
Wells Fargo Bank, N.A.

How to get help ? Get all the details here

If your mortgage loan meets the initial eligibility criteria and you have questions, need a form by mail, or need help completing the form you have received in the mail, call 1-888-952-9105, Monday through Friday, 8 a.m.–10 p.m. ET or Saturday, 8 a.m.–5 p.m. ET.

Palm Springs Home Search Palm Desert Home Search La Quinta Home Search

Palm Springs Condo Sales Up In Sold Price & Units Sold

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Wed, 29 Jun 2011 04:44:00 +0000

This May, we saw another healthy month of increased sales of condos in the Palm Springs area, surpassing single family homes in number of units sold and average sold price, when compared to May 2010.

According to The California Desert Association's May 2011 report based on the Desert Area MLS of all desert cities;

May 2011 266 condos sold at an average selling price of $224,914 . 30% were foreclosures and short sales. That's an increase of 22.6% in sold units, and an increase of 12.4% in average sold price over 2010.

May 2010, 217 condos sold with an average selling price of $200,138. 36% were foreclosures and short sales.

Palm Springs and Palm Desert tied at 86 in the number of condos sold . The average selling price in Palm Desert came at $266,624, a 7.3% increase from May 2010. Palm Springs condos average selling price came at $173,358, 12.3% increase over May 2010.

La Quinta gained 5.3%, while condos in Indian Wells , Rancho Mirage, Cathedral City and Indio remain in negative territory .

We are defying the national negative trend here in the Coachella Valley thanks to Canadians who are enjoying a healthy Canadian dollar exchange , Investors, and Californians from Los Angeles and Orange County who see the value and future of the Palm Springs area.

For those who are toying with the idea of buying a condo , you can check all the MLS listings of condos available for sale in Palm Springs , in Palm Desert, and all Desert Cities including foreclosures .

1,329 Canadian Families Bought Palm Springs Real Estate ...

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Fri, 29 Apr 2011 19:44:00 +0000

According to the Desert Sun , "A search by the Palm Springs Regional Association of Realtors staff showed 1,329 Canadian buyers and another 98 purchasers from other countries acquired homes or condos over the past year, based on a tally of those who registered international addresses. That figure could be higher because some foreign buyers may not have registered."

Canadians have been and still are buying homes and condos at a fast pace in Palm Springs and all Desert Cities, taking advantage of the strength of the Canadian Dollar trading today at $105.40 US Dollar, and the real estate values in the Palm Springs area.

Canadians are no strangers to the Coachella Valley , it has been the destination of choice for snowbirds from British Colombia , Alberta, Saskatchewan and Eastern Provinces for decades, but this year, younger couples have been actively looking and buying as well. They see a great opportunity and values that will probably not be seen again.

A special Thank you to my Canadian and European Clients for the opportunity to be your chosen real estate agent.

To read the full article... http://goo.gl/siX36

Choose your favorite City to see all the active real estate listings :

Palm Springs MLS , Palm Desert MLS , Indian Wells MLS , Rancho Mirage MLS, Cathedral City MLS , Indio MLS .

Palm Springs and Desert Cities Home Prices Up by almost 27 % ....

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Fri, 01 Apr 2011 18:26:00 +0000

According to the California Desert Association of Realtors, Palm Springs area median sold home price for February 2011 was $215,000 up from $185,000 in January 2011 and $156,060 in April 2009, that's almost 27% .

Another interesting statistic is that the Median Sold Price in January 2011 was $185,000 for houses and condos, a very rare occurrence.

From my experience as a real estate agent in the Palm Springs area, I would attribute a good part of the increase in sales and demand to our Canadian neighbors who love the desert , and saw the value in our real estate prices.

The fact that the Canadian Dollar is hovering at par or better with the US Dollar was and still is a major contributor in the decision to buy a vacation home in the Coachella Valley.

I believe that March and April 2011 will produce good numbers too based on my personal experience and lined up appointments.

The easiest way to finding homes in Palm Springs , La Quinta , Palm Desert, and all Desert Cities

Palm Springs: $8000 Tax Credit Still Good till 4/30/11 For Military ...

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 04 Oct 2010 23:15:00 +0000

Did you know that the $8000 Tax Credit is still good for members of the Military & some Federal employees in the intelligence community until April 30, 2011 to have a binding contract, and Closing deadline of June 30, 2011. "It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. "

This is an great opportunity for those who are renting to take a look at buying a home. Home prices are very favorable, coupled with FHA 3% downpayment and incentives , and interest rates at their lowest , lead to a win win situation .

For all the details go to IRS-First-Time Homebuyer Credit: Members of the Military and Certain Other Federal Employees

Find affordable real estate in Palm Springs , Palm Desert , La Quinta , Indio , Cathedral City.

What You Should Know Before You Opt to Short Sale Your Property

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Fri, 01 Oct 2010 22:26:00 +0000

Homeowners in the Palm Springs area who are opting for short sale is on the increase compared to foreclosed properties by about 1.5 to 1, and might not be aware of the different Federal and California programs that are available to help them , especially if they are going through a hardship.

This is a short video from the Making Homes Affordable that the government put out and to my surprise only 57000 people watched it.

Options available to you :

1- Loan Modification at Making Home Affordable , if this will not work for you , there is;

2- The Home Affordable Foreclosure Alternatives HAFA

3- Recently FHA launched a new program SHORT REFI OPPORTUNITY FOR UNDERWATER HOMEOWNERS .

And in California a new program Keep Your Home will start on November 1, 2010 and has different options.

If you if are in a situation where you have opt for a Short Sale on your property , then make sure you check with your Attorney and your Tax Accountant first , so that you do not get hit down the road with a Deficiency 1099 or Income Tax as a result of the Short Sale.

Always be wary of SCAMS they lurk everywhere and at all levels. Check the Loan Scams Alert to learn how to spot a scam.

To find out what your home is competing with in your city or neighborhood, visit my website where you can compare your home with listings in the Desert MLS .

Google to Fund Low Income Housing in Palm Springs

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Sat, 04 Sep 2010 18:52:00 +0000

Google is providing $86 million for Low Income Housing, to fund 480 units in the Midwest & West Coast , and some of that is coming to Palm Springs .

That means construction jobs and a boost to the local economy and will provide affordable housing for low income home buyers in Palm Springs.

Since most people refer to the Coachella Valley as Palm Springs , we won't know until more details are available, if these units will be within the city limits of Palm Springs, or in other desert cities in the Coachella Valley.

Any and all real estate developments are welcome in the Palm Springs area as they provide well needed jobs .

The money will be given to low income builders and developers in the form of tax credits , the program will be managed by U.S. Bancorp Community Development

Corporation .

For more details read Francesca Levy's article .

Find homes the easy way Palm Springs , Palm Desert , La Quinta , Rancho Mirage , Indian Wells

Is It Time To Buy ? Palm Springs Area Median Home Prices Up $40,000 in 1 Year.

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Sat, 21 Aug 2010 23:19:00 +0000

A question being asked on a daily basis, and answered speculatively depending on which part of the country you live in. Some foresee more doom and gloom, others see opportunity and stability edging up.

I can only talk about Palm Springs real estate , the Desert Cities , my personal experience as a real estate agent in this part of the country, and hard data supplied by our Desert Area MLS.

The chart below, shows the Median Prices by California regions , and current Month vs. Year ago .

The numbers are encouraging and they represent hard numbers based on the Desert MLS real estate activities for that period.

As for July , that's where my personal opinion based on my activities as realtor comes in. I personally had a busy July and busier August so far . And with our desert season approaching , the Canadian and Northwest Snowbirds will start flocking and that should boost more home sales and the prices.

So is it time to buy ? I say yes based on several factors :

1- Prices in the Palm Springs Area are have been going up.
2- Interest rates are at historic lows.
3- Inventories are at their lowest since August 2009 in the Palm Springs Area ( Source California Association of Realtors)
4- Several FHA & California programs are coming on this fall to help people keep their homes. Read my previous blogs for details.

Your thoughts ?

Do You Owe More on Your Mortgage than Your Home Is Worth?

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Sat, 14 Aug 2010 19:49:00 +0000

If you are underwater with your mortgage, FHA announced a New Program designed to encourage principal write-downs for responsible borrowers.

The program starts September 7, 2010.

If Lenders cooperate with this program, that could help a huge number of people contemplating a Short Sale.

Before you start defaulting, read this and always get advice from your Accountant for any possible Tax implications.

HUDNo.10-173/U.S. Department of Housing and Urban Development (HUD)

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Abraham Baghbodorian, Realtor, Palm Springs & Desert Cities

How to KEEP YOUR HOME in California . 4 CalHFA Programs to Help Struggling Homeowners.

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Mon, 09 Aug 2010 21:09:00 +0000

Many Californians who are struggling with their mortgage payments and do not want to default or end up in foreclosure , should take a serious look at these 4 Keep Your Home programs.

The, California Housing Finance Agency CalHFA , got approval for $700 Million in Federal Funding from the US Treasury Department to help California struggling homeowners keep their homes.

There are 4 different Programs intended to help struggling, financially distressed homeowners to avoid defaulting and foreclosures. All programs start November 1, 2010 and it is time that homeowners start familiarizing themselves with these programs .

The 4 programs are summarized here, and linked to the programs :

Program 1- Unemployment Mortgage Assistance (UMA) . This program provides a mortgage payment subsidy equal to the lesser of $1,500 per month or 50% of the PITIA (principal, interest, tax, insurance and homeowner’s association dues) net the borrower’s contribution, for up to six (6) months, with the purpose of preventing avoidable foreclosures until such time the borrower retains employment sufficient to meet demands of satisfying their regular mortgage payment.
The borrower will be required to contribute no more than or equal to 31% of their gross monthly household income towards the monthly mortgage payment based on CalHFA MAC, lender/servicer determination.
Download UMA requirements, details & eligibility here ( pdf )

Program 2- Mortgage Reinstatement Assistance Program (MRAP) . This program will provide limited financial assistance in the form of funds to reinstate mortgage loans that are in arrears in order to prevent potential foreclosures. These funds will provide benefits of up to $15,000 per household or 50% of the past due amount, whichever is less, with a required dollar-for-dollar contribution match from the lender, servicer, insurer and/or borrower.
Download MRAP requirements , details & eligibility here (pdf)

Program 3- Principal Reduction Program (PRP) . This program will provide capital on a matching basis with participating financial institutions to reduce outstanding principal balances of qualifying borrowers with negative equity. Principal balances will be reduced to market levels needed to prevent avoidable foreclosures and promote sustainable homeownership. The principal reduction program should most likely be a prelude to loan modification.
Download PRP requirements, details & eligibility here (pdf)

Program 4- Transition Assistance Program (TAP). This program is to provide homeowners with relocation assistance when it is determined that they can no longer afford their home. CalHFA's transition assistance will be used in conjunction with servicer/investor short sale and deed-in-lieu of foreclosure programs in order to help borrowers transition into stable and affordable housing. Borrowers will be responsible to occupy and maintain the property until the home is sold or returned to the lender as negotiated. Funds will be available on a one-time only basis.
Download TAP requirements, details & eligibility here (pdf)

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Abraham Baghbodorian, Realtor

Official Google Enterprise Blog: Google Apps Marketplace - CRM highlights, 7/27/2010

noreply@blogger.com (Abraham Baghbodorian, Realtor) — Thu, 29 Jul 2010 03:37:00 +0000

Official Google Enterprise Blog: Google Apps Marketplace - CRM highlights, 7/27/2010