Welcome to My Blog! If you want to Sell you House Fast, You have some to the right place!

I am an average home buyer just like you who also runs a real estate investment company in North County San Diego, ND Real Estate Solutions. This blog is a helpful resource for those who want to sell their home for any reason. If you are in foreclosure, behind in payments, facing bankruptcy, moving quickly, paying two mortgage payment or have a home that needs significant repairs, you have come to the right place. Browse the useful links, read the archived posts to get the latest on real estate news, tips on how to sell your house and sign up for my free e-course on how to sell your house quickly for top dollar. This course covers every phase of the home selling process. It helps you determine if selling with a Realtor is right for you. It discusses how to choose the best Realtor or how to work with an investor and much more. If you would like to receive an instant offer, visit me on the web at www.SDHomeSaver.com. Best of luck and I wish you all the best.

San Diego Foreclosure Rates and 100% Financing

Here is a short clip from an excellent blog maintained by Ben Jones in Arizona. The article details the decline in San Diego Real Estate and the effect sub-prime and $0 down loans had on the real estate boom and the growing number of foreclosures resulting from those loans.


The interesting thing to keep in mind is what will the effect be on lending and people able to get no money down loans. I was talking with a loan broker today and discussing how I, as a Real Estate investor, could help them. As we talked, I brought up Lease Option or Rent to Own programs. He thought that those had gone away but he remembered them being quite common in the 1980's and 1990's. Well my guess is that they will be coming back as lenders will have to conform to more strict lending guidelines and fewer borrows will qualify. If you don't understand rent to own programs, they are an excellent way to buy and sell your house. For the buyer, they offer great flexibility in the sense that you can try out a home before you buy it. What if you don't like the neighbors, or think the traffic noise is too loud? In most cases, you are stuck! I know that I wished I would have known that I was moving next to a very nosey neighbor before I moved in. They also are excellent ways of repairing your credit and making it easier for a lender to qualify you for a loan. If you are recovering from a divorce, a lay-off, or some other unfortunate event and have a good paying job, making one year's worth of payments goes a long way to help you qualify. For the Seller, it offers instant debt relief, in some cases increased cash flow and at the very least, someone else is paying off your mortgage for some time. That is not a bad deal at all. If you would like to learn more about Lease Options from the buyers and sellers perspective, sign up for my free e-course or email me directly at SDHomeSaver@gmail.com.

Now for the article...To read the entire post, click on the title of this post.

The Voice of San Diego reports from California. “The number of San Diego County homes in some level of foreclosure activity reached 1,150 last month, according to RealtyTrac. That’s up 20 percent from January 2006 and up more than 240 percent from the first month of 2005. But even as the market has slowed, the popularity of risky loans has spread. New data for San Diego County reveals that 67 percent of loans made in the first 11 months of 2006 were interest-only or negatively amortized.”

“Of that 67 percent, 30 percent were negative-amortization loans, a threefold increase since January 2004 and 30-fold jump since January 2003, according to FirstAmerican Loan Performance.”

“Last week, a San Diego-based subprime lender, Accredited Home Lenders, joined the ranks of companies vowing to tighten standards after reports of significant losses last quarter. Rick Sharga of RealtyTrac said he’s noticed the link between the lenders’ stricter regulations and the rate of foreclosure activity. ‘I think the two go hand-in-hand,’ Sharga said.”

“Now, home values have stopped appreciating and pricing in some areas has leveled or even declined. Last month, the median sale price for a home in San Diego County was 5.6 percent lower, nearly $30,000, than the $500,000 price logged in January 2006, according to DataQuick.”

“In a report published in December, the Center for Responsible Lending stated that the default rate for subprime loans made between 1998 and 2001 was 3.2 percent in San Diego County. But for the nearly 5,000 such loans originating in 2006, the center predicts that 21.4 percent are headed for default.”

“‘There are some fundamental flaws in the underwriting process that are coming back to haunt lenders,’ the centers’ Paul Leonard said. ‘The lenders seemed to count on appreciation rather than the people’s actual income.’”

If you would like to receive an instant offer on your house, go to www.SDHomeSaver.com or email me directly at SDHomeSaver@gmail.com. Remember, I don't list homes, I buy them. I work hard to understand your unique situation and create an offer that meets your needs, and solves your situation. If you would like to understand more of your options on how best to sell your home, sign up for my free e-course. It offers excellent advice on how to pick the best realtor, sell your house as a FSBO, or how best to work with an investor to sell your house. Best of luck and I look forward to hearing from you.



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