tag:blogger.com,1999:blog-4673453346050311877Tue, 14 Jul 2009 06:21:14 +0000Temecula area real estate trends, news, happenings, and overall general discussion of real estate. Tips for home owners, home buyers, home sellers, and investors. Information on Owner occupied, Short Sales,and Bank Repos.http://sagesrealestate.blogspot.com/teamsage@gmail.com (Troy Sage)Blogger21125TheRealEstateBloghttp://feedburner.google.comtag:blogger.com,1999:blog-4673453346050311877.post-3675252384581508866Tue, 09 Jun 2009 14:06:00 +00002009-06-09T07:06:43.753-07:00Mortgage Insurance NegotiationsThought I would bring this to everyones attention. I have a Short Sale with BofA, 100% financed purchase money loan from 2007. Since it's 100% financed there is Mortgage Insurance on the loan. We have had this home listed for over 380 days, have had 4 Bank Approvals (All coming 80+ days after the offer is written, thus the buyer walks) and as of recently the bankhttp://feedproxy.google.com/~r/TheRealEstateBlog/~3/w-u_80aSzGY/mortgage-insurance-negotiations.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/w-u_80aSzGY" height="1" width="1"/>http://sagesrealestate.blogspot.com/2009/06/mortgage-insurance-negotiations.htmltag:blogger.com,1999:blog-4673453346050311877.post-3626768300513496873Wed, 02 Jul 2008 14:25:00 +00002008-07-02T07:42:56.465-07:00real estateLenders100% financingFreddie MacloansFHLMCMarket WatchI wanted to give you a heads up on some info that I learned today. FNMA (Fannie Mae) will be rolling out new guidelines effective for applications dated 8/1/08 and after. Some lenders, such as CountryWIde, are implementing this effective 7/1/08 but most are waiting until August. Here's part of the new ruling that will effect investors and people looking to purchase a second home. If the buyer http://feedproxy.google.com/~r/TheRealEstateBlog/~3/vX_q-dq9sNU/fnma-fannie-mae-new-guidelines.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/vX_q-dq9sNU" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/07/fnma-fannie-mae-new-guidelines.htmltag:blogger.com,1999:blog-4673453346050311877.post-1906416435986822286Thu, 22 May 2008 18:45:00 +00002008-05-22T11:46:47.804-07:00real estateBuyers Choicesbuyers agentSounds logical right? Mr. and Mrs. Buyer are looking for a home and while they search the net they come across what appears to be several qualified agents. So instead of sticking with just one, why not work with several agents. You know the old saying “Two heads are better than one”, then why wouldn’t “Several agents be better than one”?Lets start with some simple facts. For the most part, http://feedproxy.google.com/~r/TheRealEstateBlog/~3/sGWlSo0EdRU/should-home-buyers-use-multiple-agents.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/sGWlSo0EdRU" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/05/should-home-buyers-use-multiple-agents.htmltag:blogger.com,1999:blog-4673453346050311877.post-6859434400492873108Tue, 06 May 2008 05:09:00 +00002008-05-05T22:10:59.596-07:00Short Sales and REO'sBank ReposTemecula ForeclosuresReal Estate DealsForeclosuresBank Repos, BankREO, Bank Owned, and Foreclosed are just a few of the latest buzz words, and everyone wants to know how to purchase one of these fantastic bargains. Ok, maybe not everyone wants to know how to purchase a Bank Repo home, but enough to make me want to write this.Well it seems that between the media, local and national seminars, and the overall uneducated people in the business, we http://feedproxy.google.com/~r/TheRealEstateBlog/~3/jXPgpDDrc7k/how-to-purchase-bank-repo.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/jXPgpDDrc7k" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/05/how-to-purchase-bank-repo.htmltag:blogger.com,1999:blog-4673453346050311877.post-2833925870937115597Mon, 18 Feb 2008 21:29:00 +00002008-02-18T14:03:18.922-08:00Temecula ForeclosuresTemecula Real EstateForeclosuresHow do you avoid Foreclosure? Well it's pretty simple, yet humbling at the same time. The first step is to contact your bank or banks that hold the loan on your home. With today’s market and an increase in foreclosures, the banks are willing to help those that are in need of help instead of taking a property back. The number one thing is for the homeowner to contact the bank before you are late http://feedproxy.google.com/~r/TheRealEstateBlog/~3/syPv6mmpmGw/how-to-avoid-foreclosure.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/syPv6mmpmGw" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/02/how-to-avoid-foreclosure.htmltag:blogger.com,1999:blog-4673453346050311877.post-443313198991425166Tue, 12 Feb 2008 21:00:00 +00002008-02-12T13:03:25.394-08:00Bank ReposTemecula ForeclosuresForeclosuresWithin the last few weeks buyers have been coming out of the woodwork and business is starting to boom again. Most of the buyers that I have met recently have the desire to purchase Bank Repo homes or Short Sales. Yes it’s a buyers market and banks have an unusually high inventory, but what I’m seeing is ridiculously low offers from buyers. With the current state of the market and an increase in http://feedproxy.google.com/~r/TheRealEstateBlog/~3/Xs5zhJ7o56g/attack-of-home-buyer-seminars.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/Xs5zhJ7o56g" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/02/attack-of-home-buyer-seminars.htmltag:blogger.com,1999:blog-4673453346050311877.post-8795117733455242953Fri, 08 Feb 2008 02:22:00 +00002008-02-07T18:22:53.605-08:00Short Sales and REO'sTemecula Real EstateIs there such a thing as the new Short Sale? That’s one of the latest questions I have been asked. And to be honest I’m not sure how to answer that, but I’ll give it a try.The New Short Sale or the Old Short Sale are one in the same. All deals are contingent upon lenders approval. If the property has more than one loan that will make the process more difficult than if there were only one loan.http://feedproxy.google.com/~r/TheRealEstateBlog/~3/FRQDVJBKcQw/new-short-sale.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/FRQDVJBKcQw" height="1" width="1"/>http://sagesrealestate.blogspot.com/2008/02/new-short-sale.htmltag:blogger.com,1999:blog-4673453346050311877.post-2817096786512028406Sat, 15 Dec 2007 00:41:00 +00002007-12-14T16:43:16.955-08:00real estateTemecula ForeclosuresNational ForeclosuresRiverside County ForeclosuresTemecula Real EstateForeclosuresMarket WatchForeclosures, foreclosures, and more foreclosures what’s going on? This is the question that a client of mine asked while showing homes yesterday. My client, who by the way is moving to Temecula from the East Coast, mentioned that he saw a video on youtube.com that showed “A devastated market filled with foreclosures and dilapidated homes”. This being said I had to visit youtube today and whathttp://feedproxy.google.com/~r/TheRealEstateBlog/~3/MQxDn4sDGMw/temecula-foreclosures-whos-to-blame.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/MQxDn4sDGMw" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/12/temecula-foreclosures-whos-to-blame.htmltag:blogger.com,1999:blog-4673453346050311877.post-7125856075423867014Thu, 25 Oct 2007 23:40:00 +00002007-10-25T16:54:34.506-07:00Temecula Food PantryHelp for the HungryAs a proud citizen and in the attempt to help those in need I have organized a group of fellow Real Estate Agents to collect food for the Temecula Food Pantry. We will be conducting curb side pick-up on Saturday November 10th and Saturday December 15th in the South Temecula communities of Paloma Del Sol, Paseo Del Sol, Crowne Hill, and throughout Redhawk. If anyone is interested in helping pleasehttp://feedproxy.google.com/~r/TheRealEstateBlog/~3/rC8Z-hA37F8/temecula-food-pantry-and-helping-hungry.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/rC8Z-hA37F8" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/10/temecula-food-pantry-and-helping-hungry.htmltag:blogger.com,1999:blog-4673453346050311877.post-8362269934826649846Thu, 25 Oct 2007 16:11:00 +00002007-10-25T09:18:29.188-07:00San Diego County FiresDonationsEvacuationsCalifornia WildfiresDe Luz FiresAlmost 1 million people have been evacuated due to the wildfires that have attacked San Diego County. Those in the north county area of Fallbrook and Rainbow along with those in the De Luz area of Temecula have been sent to the following Temecula Evacuation centersTemecula Valley High School (Located on Rancho Vista Rd and Margarita Rd.) Great Oak High School (Located on the corner of Deer http://feedproxy.google.com/~r/TheRealEstateBlog/~3/P-UXjzmpXrY/california-wildfire-and-evacuee.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/P-UXjzmpXrY" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/10/california-wildfire-and-evacuee.htmltag:blogger.com,1999:blog-4673453346050311877.post-4777467033271042983Tue, 23 Oct 2007 22:30:00 +00002007-10-23T15:33:00.985-07:00Short Sales and REO'sreal estateTemecula Real EstateReal Estate DealsBuyers ChoicesSo, you’re making a move or simply purchasing a home and, like all buyers, you want the best deal. Rightfully so, you want the biggest bang for your buck, so your first step is to surf the internet and start checking out neighborhoods, schools, home prices etc. While researching you notice that home prices have dropped quite a bit in the past 6 months, so this is a perfect time to purchase. http://feedproxy.google.com/~r/TheRealEstateBlog/~3/cyxukpKygWA/best-real-estate-deals-in-temecula-or.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/cyxukpKygWA" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/10/best-real-estate-deals-in-temecula-or.htmltag:blogger.com,1999:blog-4673453346050311877.post-4562217332436375456Thu, 20 Sep 2007 20:22:00 +00002007-09-20T13:22:52.038-07:00Short Sales and REO'sThe world of Real Estate is forever changing. We have had over 140 banks close their doors within the past few months, 100% financed SISA (Stated Income Stated Asset) Loans are for the most part next to impossible to find (unless you have FICO’s in the mid to upper 700’s), interest rates are up slightly from the high 4’s to the low 6’s, and Foreclosure and Short Sale percentages have increased.http://feedproxy.google.com/~r/TheRealEstateBlog/~3/BIA8K4oFHBI/tip-for-homeowners-on-how-to-avoid.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/BIA8K4oFHBI" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/09/tip-for-homeowners-on-how-to-avoid.htmltag:blogger.com,1999:blog-4673453346050311877.post-4211159044683960290Wed, 29 Aug 2007 01:06:00 +00002007-08-28T18:07:31.847-07:00Lenders100% financingStated Asset Stated IncomeWow, the past few weeks have proven a rollercoaster ride for buyers and sellers, especially those in need of 100% financing and looking to go Stated Income Stated Asset (SISA). I almost feels like one minute everyone is giving out loans to just about anyone, and the next minute Banks and Lenders and closing their doors without explanation and leaving the general public in a state of disarray.So http://feedproxy.google.com/~r/TheRealEstateBlog/~3/x-DoqeZAiMg/hello-are-there-any-lenders-out-there.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/x-DoqeZAiMg" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/08/hello-are-there-any-lenders-out-there.htmltag:blogger.com,1999:blog-4673453346050311877.post-6508927825737949224Fri, 17 Aug 2007 18:31:00 +00002007-08-17T11:36:11.733-07:00Short Sales and REO'sDeeper doldrums in real estate market By: CHRIS BAGLEY - Staff WriterRiverside County's housing market has slumped further, with sales numbers last month lower than in any month since January 1999, according to a research firm. Prices also continued to edge down from record highs, with the median falling to $399,000 from $415,000 in July 2006, DataQuick Information Systems reported http://feedproxy.google.com/~r/TheRealEstateBlog/~3/4upV6jrTjrk/troy-sage-interview-regarding-short.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/4upV6jrTjrk" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/08/troy-sage-interview-regarding-short.htmltag:blogger.com,1999:blog-4673453346050311877.post-5498426950427735366Thu, 02 Aug 2007 20:41:00 +00002007-08-02T13:45:59.048-07:00real estateloansWell now let’s see how much hate mail I get for posting this on my Blog.So it was brought to my attention in the form of a question from a co-worker of mine: Should Agents be allowed to also be Loan Originators?Not only should it not be allowed, I personally think it should be a crime. Let’s think about it for a minute. In order for an agent to keep up to date with real estate trends, and http://feedproxy.google.com/~r/TheRealEstateBlog/~3/j3VccSK0VU4/realestae-agents-getting-into-mortgage.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/j3VccSK0VU4" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/08/realestae-agents-getting-into-mortgage.htmltag:blogger.com,1999:blog-4673453346050311877.post-4734309345070976932Fri, 20 Jul 2007 16:09:00 +00002007-07-20T09:11:13.825-07:00Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it's smart to urge buyers to become preapproved by their lender – not just prequalified.For buyers to obtain a bona fide preapproval, they must submit a loan application with the necessary documentation and fee. After the lender verifies and analyzes the application, it http://feedproxy.google.com/~r/TheRealEstateBlog/~3/XnqpIaJZEkY/preapproved-or-prequalified-whats.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/XnqpIaJZEkY" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/07/preapproved-or-prequalified-whats.htmltag:blogger.com,1999:blog-4673453346050311877.post-7223849179677602241Mon, 16 Jul 2007 16:25:00 +00002007-07-16T09:27:11.324-07:00Buyers now have an overwhelming advantage given the wide selection of homes available in many markets, according to NAR's latest forecast. "But with profit margins coming under pressure, homebuilders will limit new construction well into 2008. This should help the overall inventory level to move steadily into a more balanced state," said NAR's Senior Forecast Economist Lawrence Yun. Existing-homehttp://feedproxy.google.com/~r/TheRealEstateBlog/~3/InsGX8dcmHU/buyers-market-to-behold.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/InsGX8dcmHU" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/07/buyers-market-to-behold.htmltag:blogger.com,1999:blog-4673453346050311877.post-1100467048212507513Thu, 12 Jul 2007 18:56:00 +00002007-07-12T11:58:14.275-07:00Yes we have all heard the phrase “Time Is Money”, and how true it is in today’s market. Pricing your property is now the most important step in selling. Yes condition, location, and price are the three magic factors of selling a house, but in today’s market, price is the number one reason for selling, or not selling, property.With average days on market between 40 and 60, sellers must consider http://feedproxy.google.com/~r/TheRealEstateBlog/~3/ko16TTjhVxA/time-is-money.htmlteamsage@gmail.com (Troy Sage)2<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/ko16TTjhVxA" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/07/time-is-money.htmltag:blogger.com,1999:blog-4673453346050311877.post-252347986767870059Fri, 29 Jun 2007 18:19:00 +00002007-06-29T11:27:33.427-07:00First-time home buyers have a lot to think about, and sometimes they don't consider all of the factors that will impact their enjoyment of their new home. A handful of recent home buyers in St. Louis say what they wish they would have asked before buying a property. The issues they raise are valid concerns for anybody buying a home practically anywhere:For pet owners: How welcome and comfortable http://feedproxy.google.com/~r/TheRealEstateBlog/~3/uANqSWUD7fQ/5-good-questions-buyers-may-not-think.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/uANqSWUD7fQ" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/06/5-good-questions-buyers-may-not-think.htmltag:blogger.com,1999:blog-4673453346050311877.post-7247399048689048469Thu, 28 Jun 2007 17:17:00 +00002007-06-28T10:19:03.471-07:00House StagingBanish the clutter! Trim the bushes! Hide your Star Trek collection! Take down the family pictures! What things can you do to prepare a house for sale? Here are tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers.http://feedproxy.google.com/~r/TheRealEstateBlog/~3/hPIFmbcEYNM/preparing-and-staging-house-for-sale.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/hPIFmbcEYNM" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/06/preparing-and-staging-house-for-sale.htmltag:blogger.com,1999:blog-4673453346050311877.post-8504860045099056567Thu, 28 Jun 2007 15:38:00 +00002007-06-28T08:42:34.927-07:00Seems that the industry creates wonderful catch phrases or buzz words about every 90 days. The latest chat in the real estate arena is the ultimate question “Is the sky falling?”. Well now, let’s look at what’s happening. Rates have gone up slightly, prices have adjusted between 3% and 5% from last year, Short Sales (yes another buzz word) have reared their ugly head, and foreclosures are on http://feedproxy.google.com/~r/TheRealEstateBlog/~3/UjpIIvRKwjY/is-sky-falling.htmlteamsage@gmail.com (Troy Sage)0<img src="http://feeds.feedburner.com/~r/TheRealEstateBlog/~4/UjpIIvRKwjY" height="1" width="1"/>http://sagesrealestate.blogspot.com/2007/06/is-sky-falling.html