Loan Modification SCAMS

Let's face it, there is a lot going on in our local real estate market. REOs, shorts sales, loan modifications. Talk to some street investors and they'll tell you what moves markets is fear and greed. Even in down markets greed is alive and as ugly as ever. This time it's the greed preying on the fear.

I came across a website called Prevent Loan Scams.com and I wanted to put it on blast for those looking for legitimate help and who might be considering foreclosure or attempting to do a loan mod. This network is put on by Fannie Mae and Freddie Mac. Check it out and I hope it helps.

Attention fellow Veterans... NO money down loans

No Down Payment Required- Yep. Seller Can Pay All Closing Costs- Yep. No Reserves or Credit Score Required- Yep. You can have a 2 Year Old Bankruptcy Allowed??? Yep. What gives? If you're a veteran your VA loan gives and it gives a maximum loan amount of $417,000 with no down. If you're a veteran in the Camp Pendleton area give me a call (877.479.3351) and we can chat. Meanwhile, here is a little more VA home loan info from a lender that I trust.

"The request for VA loans are increasing however most real estate agents and lenders are not experienced with helping veterans purchase a home and obtaining financing. The government is lenient when it comes to qualifying a veteran for a home loan, for good reason, so don’t let the opportunity to sell a veteran a home pass you by.

In Orange County the maximum loan amount is $593,750. Above $417,000 the veteran is required to put down 25% of the difference between the sales price and $417,000. In addition, the qualifying requirements tighten for loan amounts above $417,000. A credit score of 720 and 6 months PITI in reserves are required and no gift funds are allowed. $417,000 loan amounts and below the financing requirements to help veterans are greatly relaxed as witnessed by the headline above. The maximum debt to income ratio is 41% regardless of the loan amount.

A few noteworthy guidelines are 1) the property must be owner occupied 2) taxes and insurance are required to be impounded 3) only a veteran and his or her spouse may be on the loan 4) two veterans can buy together but both must occupy the property and 5) a veteran can still be in the service when buying but his or her spouse must move into the property if the veteran is overseas."- Kevin Budde, Bank Of America Home Loans, 949.422.2075 and let him know who sent you.

Semper Fi

133 Avenida Adobe in Presidential Heights Now In Escrow

133 Avenida Adobe in San Clemente went into escrow this past week. Listed price at $399,00. It's a single level 2 bedroom, 2 bath approximately 1022 sq.ft. with a 2 carage garage. Click on the picture for the print out.

Here is more on the market activity in Presidential Heights

Beach Destroyed at San Onofre State Beach

Ok, maybe not like an Armageddon four horseman of the apocalypse level destruction, but pretty bad none the less...

For about a week now, the far South end of the parking lot has been shut down, much to the chagrin of several surfers (myself included). So I took a little walk down the beach to check out the damages for you all, and to get the inside scoop from the workforce tasked with making San-O whole again.

Upon first inspection the first thought I had was "Holy cats, where did the beach go??" Where there used to be a nice sandy beach, now there is a three foot drop off. Rocks from the hillside have washed down and are blocking half of the road. The turn around is totally unstable. At least one of the telephone tire stops went MIA. And no one has a clue as to the whereabouts of Mr picnic table.... may he rest in peace.

So, I talked to the guys in the hardhats, and they assured me that it looks worse than it is. They are going to work to restore the turn around first. They will be bringing in materials to fill in the voids and are pretty confidant that the fix they have planned will take. They said the beach will come back, but it might take longer then we are used to. (plus they wanted me to remember that the whole rest of the parking lot is open, and there are plenty of waves). Oh, and good news they found the telephone pole, it had gotten all the way to trail one before it was apprehended by California's finest lifeguards.

This might be a good opportunity to bring the kids down to the beach and see a little of natures (or more to the point waters) destructive force. Bring the boards, a lunch... heck even throw Grandma into the car... sometimes it's just cool to see broken stuff with the ones you love.


*** these photos were taken by Tracey Ann Engelking and are the property of King of the Coast, not to be reprinted with out our permission, thanks ***


I have run out of things to write about, but if I don't write something, then this space will just be a big white box of nothing, that will ruin the flow and good looks of this post... so I am writting all this nothing to fill this space... I think this might be enough text now to fill the space... Bye! :)

Presidential Heights San Clemente Pre-Weekend Report • Jan-29-2010

Happy Friday Presidential Heights home owners, sellers and buyers! Here is your market breakdown for this week.

Status	List Price	Beds	Address	SpecialConditions	SalesPrice
Active	$309,900	2	137 Avenida Adobe	REO/Lender-Owned
Active	$499,000	3	208 Avenida Adobe	Standard Sale/None
Active	$519,900	2	155 Avenida Adobe	Standard Sale/None
Active	$525,000	3	140 Avenida Baja	Standard Sale/None
Active	$559,999	2	112 Avenida Baja	Standard Sale/None
Closed Sale	$350,000	2	177 Avenida Baja	Standard Sale/None	$335,000
Closed Sale	$356,500	2	343 Avenida Adobe	REO/Lender-Owned	$360,000
Closed Sale	$407,000	2	541 Avenida Adobe	Short Sale	$440,000
Closed Sale	$495,000	2	176 Avenida Baja	Standard Sale/None	$410,000
Closed Sale	$559,000	2	521 Avenida Adobe	Standard Sale/None	$485,000
Closed Sale	$569,000	2	170 Avenida Baja	Standard Sale/None	$530,000
Pending	$399,000	2	133 AVENIDA ADOBE	Standard Sale/None
Pending	$489,000	2	735 Calle Bahia	Standard Sale/None

If you’re interested in buying or selling a home in home in Presidential Heights feel free to contact us.
Direct: 877.479.3351

Rentals and Leases in San Clemente, Capo Beach, Dana Point • Jan-29-2010

Here is a current list of homes available homes for lease in the beach cities of San Clemente, Capo Beach, and Dana Point. All pricing and status listed here is current as of today, Friday Jan. 29th 2010. Click to search for more homes available for rent. Have a great weekend.

Status	Price	Bed	Bath	SqFt	Address
Active	$1,950.00	2	1	854	105 Avenida Del Reposo C	San Clemente (SC)
Active	$2,000.00	3	3	1500	721 Calle Camisa	San Clemente (SC)
Active	$2,400.00	2	2	1202	326 Camino San Clemente	San Clemente (SC)
Active	$2,500.00	2	1	1000	181 W Avenida Cornelio	San Clemente (SC)
Active	$2,600.00	2	2	1500	915 BUENA Vis A	San Clemente (SC)
Active	$2,799.00	4	2	1850	33721 Oldbridge Rd	Dana Point (DP)
Active	$2,900.00	2	2	2440	3002 La Ventana	San Clemente (SC)
Active	$2,995.00	3	2	1680	1 San Raphael	Dana Point (DP)
Active	$3,100.00	4	3	1986	28 OPTIMA	San Clemente (SC)
Active	$3,295.00	4	3	2500	803 Futura	San Clemente (SC)
Active	$3,650.00	2	2	2074	34300 Lantern Bay Dr 112	Dana Point (DP)
Active	$3,900.00	3	3	2484	158 Avenida Victoria	San Clemente (SC)
Active	$4,995.00	4	5	3684	34701 Calle Rosita	Dana Point (DP)
Active	$5,500.00	4	5	4230	27522 Via Saratoga	Dana Point (DP)
Backup	$3,100.00	3	3	2100	906 Via De Angeles	San Clemente (SC)
Leased	$2,350.00	3	3	1673	27105 Mill Pond	Dana Point (DP)
Leased	$2,750.00	3	3	1812	10 GEMA	San Clemente (SC)
Leased	$3,095.00	3	2	2000	26362 Via Canon	Dana Point (DP)
Leased	$6,500.00	4	5	4400	34722 Calle Ramona	Dana Point (DP)

San Clemente Sunset -Jan 27th 2010

I snapped these shots with my iPhone tonight.

Pictures of Faire Harbour in Marblehead San Clemente

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​I was driving through the Faire Harbour community this morning and thought I’d snap a couple picture to share. Faire H​arbour is a condo community in the Marblehead area of San Clemente. It’s built in such a way, that some, if not most of the un​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​i​​​​​​​​​t​​​s​​​ ​​​h​​​a​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ve some kind of ocean view​​​​​​​​​​​​​​​​​​s​​​​​​​​​​​​.​​​​​​​​​

The New Mayor of Capistrano Beach • Eric Tremaine

If you’re into twitter you may have seen the app foursquare. For some weird reason it’s addicting, like most of this social networking can be. Anyways, today I became mayor of Capistrano Beach, at lease as foursquare is considered. I’d like to take this moment to thank all those who worked day and night endlessly on my campaign, you know who you are.

I’m also mayor of Keller Williams OC Coastal Realty (the King of the Coast version), the San Clemente Pier, and San Clemente Vista. I have know idea how long my term will be but I will enjoy all the make believe benefits as they roll in.

apple iPad is here and who wouldn't want one for free

The folks at apple have done it again, introducing the iPad. There is so much to say about this and the buzz is out there. I remember the build up when the iPhone came out and yes, I was one of the many waiting in line. Now they launch this product and it seems to be just as revolutionary as the iPhone was.

I can go on and on about how crazy excited I am about this and try to explain all the iPad features but Apple does a way better job at that. I suggest watch the video on the iPad design page. They have already established a iPad pricing also.

Join the many that have signed up to get notified when they release these iPads into the wild. Can't wait to sit Open Houses with this gadget.

Oh to answer the post question of "who wouldn't want one for free"... Mr. Jobs I would love one! Do you know how many people I sold your iPhone to... and still am.

**Image from Apple- just trying to spread the love please don't shut me down!