Luxury Rental Mortgage?

Investor Loans 

Non Owner Occupied for Single Family or Duplex

Loan Amount up to One Million Dollars

Up to ten total properties owned 

Must Qualify with Federal Income Taxes

35% Cash Down Payment

Terms and Conditions apply 

Call to see if you Qualify

30 Year Fixed Rate 

Low Rates, FICO driven pricing

Buy luxury property, buy beach

rentals and finance them Thirty Year

Fixed Rates 

C. G.

(949) 784-9699

Organic Milk Shortage

organic baby cow

Cattle ranch next to my place Caroline Gerardo September 2012

                                                                  Have you noticed in the grocery store the shortage of organic milk?
Whole Foods, Albertson's and Trader Joe's in Orange County California have signs up that they have shortages of organic milk, and sometimes organic cheese. When I ask the checkers why - they didn't have an explanation. I did, however, research and it is about the demand. Americans, especially in Orange County and areas with higher income are choosing organic over added hormones, added pesticides and cheaper milk.

Perhaps we ought to buy stock in organic food production? Just saying.

I only buy organic produce, most comes from my local Farmer's Market. Produce that is local and organic at the La Paz farmer's market is often less expensive than fruit and vegetables sprayed with chemicals. I don't drink a great deal of milk, but my teenage son does and I want him to be healthy.

If I posted photographs of muddy gross milk cow farms that are mass production, you would have turned away. The photo above is a baby Brown Swiss cow and below is a working ranch in Wyoming.

Happy Merry Lovely

Caroline Gerardo Senior Loan Officer NMLS #324982 Cell 949-637-8190 Office 949-784-9699 eFax 855-883-4303 CarolineGerardo@eaglehm.com http:www.eaglehomemortgage.com/carolinegerardo/ Committed to Seeing You Home. Eagle Home Mortgage 8105 Irvine Center Drive Suite #500 Irvine CA 92618 NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130383, NMLS #252392. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

No More Flip this House with FHA

I'm taking a hatchet to the flippers.
Those guys with the television shows,
the books on how to get rich flipping
the house of the foreclosed borrower,
the guy with the thousand dollar seminar.

Mine government says no more.
FHA loans will not be allowing the
90 day flip rule anymore.

First time home buyers, FHA buyers
who have little money for down payment or
repairs have been the most likely to buy a
flipped home.

I've heard many a sad story from buyers
of flipped houses.
The house was a meth lab before the flip.
Everything leaks,
nothing is guaranteed
and the new buyer is
stuck not with a pretty
home, but the money pit...

Federal Housing Administration’s Property Flipping Waiver ENDS

Federal Housing Administration’s (FHA) Office of Single Family Housing announced that the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition, expires on December 31, 2014.  Very little notice, so if you have a house under contract that is a flip you will not be able to close a FHA loan after 1/1/2015 if the contract is dated in 2015.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014. FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located. Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping. FHA will not extend the waiver beyond December 31, 2014, no more flip this house 

Section 203.37a(c) lists the sales transactions exempt from this rule. The exempt transactions include sales by HUD of real estate owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state- and federally-chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas. The regulation, including its exemptions, is still in effect.

Quick Links and Resources

· Review the Federal Register Notice (Docket No. FR-5397-N-05), “Federal Housing FHA Government loans”, news November 29, 2012 at http://www.gpo.gov/fdsys/pkg/FR-2012-11-29/pdf/2012-28918.pdf

Fat Check for FHA

FHA' s new fat check $ 30 million

HUD write’s itself a blank check on the backs of American Borrowers.

FHA is in the black, in fact they are profitable but they stuck

this thirty million dollar charge in 2015 and God knows 

how much in the future hidden in Senate Bill 2438.

The Senate never voted on the bill, there in the fine print is an 

okay to charge on your back what looks like a four percent surcharge. This is one fat check.

A mere forty dollars per one hundred thousand sounds small

 but not when you do the math. 

In three years it will be nearly a billion dollar bonus to all the 

management of the federal Housing Administration. 

They claim they need new software, but cough cough.

Don't worry, it will only make your mortgage cost more.

Call your Senator and put squash on big spending

for government jobs, unless of course you can 

grab one. 

Wouldn't we all like a starting salary of $155,500? 

Then pay yourself an unlimited bonus…

Full text of Senate Bill 2438 here https://www.congress.gov/bill/113th-congress/senate-bill/2438 

Caroline Gerardo

opinions are my own

Be Grateful

Condo For Sale Open House Dana Point

dana point condo for sale

Dana Point Condominium for sale $349,999.00
Open House November 8^th 2014 11:00 AM to 2:00 PM

25611 Quail Run Unit number 24 upstairs in back of complex facing the Creek and Ocean

Dana Point California 92629

Where can you find a bargain so close to the ocean?

Bike path and peek of ocean view.

Upstairs unit allows privacy and the feeling of being in the trees.

This clean unit is ready to move in. Owners have upgraded the kitchen with lovely butcher block counters. Sit on the balcony and enjoy your morning coffee.

Watch the birds head out to Doheny Beach and the sunrise behind them. Stroll to the park and Dana Point Community Center. Or take run on San Juan Creek trail down to historic Doheny Beach. Enjoy ocean breezes in the evening and relaxing lifestyle.

This unit makes a nice retreat as second home, could be great investor property that can be cash positive or first time homeowner.

There are two large bedrooms, and two contemporary

Gate code for added solitude.

Spinnaker Run is off Del Obispo Street and Alipaz

OPEN HOUSE SATURDAY NOVEMBER 8th Dana Point Condo

Let's Find Out How You Can Save! Rate Sheet as of 11/7/2014   25611 Quail Run #24 Dana Point Loan Description 30 year Fixed 7 Year IO       Rate 4.250% 3.750% 0.000% 0.000% 0.000% APR 4.299% 3.799% 0.000% 0.000% 0.000%     2 BED 2 BATH CONDO built 1982 914 square feet Down payment $ 34,999 + second of $35000.00 Need $43000 to close 4.25% 30 year fixed first   $1313 principle and interest + $175 2nd + $383 HOA + $351 Tax + $49 HO6 = 2271 total payment APR 4.299 Estimated income needed little bills $96000. owner occupied need FICO 721 this is not a commitment to lend rates as of 11/7/2014       Caroline Gerardo Senior Loan Officer NMLS #324982 Cell 949-637-8190 Office 949-784-9699 eFax 855-883-4303   CarolineGerardo@eaglehm.com www.eaglehomemortgage.com/carolinegerardo   Eagle Home Mortgage 8105 Irvine Center Drive Suite #500 Irvine CA 92618   PHILIP R SMITH   01918824 949-292-6050 Mobile 949-495-1800 Office     philiprsmith@bhhscal.com http://www.bhhscalifornia.com/real-estate-agen   BERKSHIRE HATHAWAY CALIFORNIA 29982 IVY GLENN DR #100 LAGUNA NIGUEL CA 92677 This is for informational purposes only and should not be relied upon by you. BERKSHIRE HATHAWAY CALIFORNIA is not a mortgage lender. Contact Eagle Home Mortgage directly to learn more about its mortgage products and your eligibility for such products. NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130383, NMLS #252392. Sample APRs shown are based on the rates and terms posted above factoring in prepaid interest and closing costs. Rates vary daily and may change or may not be available at the time of loan commitment, lock-in or closing. Specific loan terms apply and consumer is subject to qualification that includes, but is not limited to, owner-occupancy, minimum down payment and credit score requirements and/or any changes in investor guidelines or programs. This is not a commitment to lend. 6/12

Realtor ATTACKED Safety Tips

Another Realtor was attacked, this time blocks from my home in Laguna Niguel

in a lovely neighborhood.

Buddy up with a Partner who is licensed or a lender who will become your trusted partner  Open houses, meeting clients at empty houses and driving in someone’s car or even taking strangers in your car is never to be done alone. Leaving an itinerary does not keep you safe.

Do not meet a stranger at any property. Instead, ask to meet at your office or in a public place so others can see the potential buyer too.

Take your own car. NEVER ride in a stranger’s car.

Dress for safety. Dress professionally and avoid wearing expensive, flashy jewelry. Do not carry large amounts of money with you. I know many won’t agree with this but: Carry a taser or stun gun and practice with it on the 1^st and 15^th of every month. Practice juggling your lockbox code while remaining aware with stun gun. If ordinances allow get a gun permit. Practice weekly with the gun and wear it under suit jacket. Get a permit to carry concealed only after you are an expert with the gun.

Designate a safety contact who is responsible to check your incoming contact information and give you a call 20 minutes into an appointment. Prior to showing a property, have a printed form that asks for a prospect’s information: name, address, auto make and model, auto tag, driver’s license, local address, and two references. Make a copy of driver’s license. Leave the copy with office. Many Realtors' and lenders work out of your home. I myself as a mortgage lender make appointments in people's homes, but never with a stranger. You may not have the proper equipment to copy the license and email it. Get a scanner, have an urgent fax or text you send. Learn to take excellent photographs of driver’s license and license plate and forward to the contact safety person. Tell the buyer this is standard procedure and required by your broker.

 Use an agent ID form. Make sure your office knows your car's make and model and license tag, plus any other important contact information.

Set a coded distress signal. Be able to call the office or home with a message that appears harmless to a prospect but would serve as an alert to others that you’re in harm's way. Long ago I taught my children to use the word gorilla as a code emergency word. Set one with family and office safety contact

Stop working immediately if you pick up on something suspicious If it feels bad, run. No amount of commission is worth your life. If you notice inconsistent answers, lies, weird stories, unfamiliar with location they claim to be from in a client, or any abnormal behavior, or anything that signals that something is off, stop working and trust your gut instincts. Go to a public place.

Notify police when you feel that instinct.  Smart phones are useful in locating you and in Orange County California our local Sheriff is happy to come out and assist even when you suspect foul play.

Don’t go into a vacant house alone. If the door or window pried open- call police. Even in affluent neighborhoods we are seeing squatters who can be violent breaking into vacant homes and setting up camp. Anyone who calls to meet you may not necessarily be a buyer or seller of real estate, don’t assume they are all honest kind people.

When danger occurs you have seconds to decide how to handle it. You may be the greatest negotiator but running yelling fire might be your best defense. Practice self defense strategies.

If you insist on doing an open house alone: set a table and chairs out in the front yard. Greet the neighbors, tell them you are next door from x time until x time and don’t follow anyone upstairs or into the back.

long dark entry where you can't see around the corner says caution

Plant for Bees and Butterflies

Flowers in my garden to attract and feed butterflies and bees.
Bees need some help in this drought and competing with invasive
species. Planting flowers that they can use the pollen naturally gives
them the food they need to survive. I'm allergic to bees. I was only
stung once as a child. The keys to living in harmony with bees:
In the heat of the sun move slowly around where they are gathering
nectar. Cut flowers early or as the sun goes down. Bees are home asleep
before sundown.
Butterflies also need a little help, and they add grace and fun to your garden.
In my last house at Kite Hill we built a tree fort and planted coral seas passion
vine. With only water the vine soon overtook the fort which was a favorite
reading spot of my daughter Blair's. She could it up there in a wicker chair and
read for hours. The fort offered an ocean view, and the glory of thousands of
monarch butterflies.
The vine needed chopping regularly as it found the soil and spot perfect,
See below bottom I planted a different passion vine as I couldn't find
coral bells and it needs a solution to tangle up and attach to the roof of the
gazebo. Input please!

Bee is sitting in the painted blanket

Bees need:
bare ground spots for mud
plants they like are:
lavender, thyme, cilantro, fennel, borage, sage, hollyhock
buttercup, calendula, geranium,  aster, zinnia,
sweet assillum, poppy, sunflowers, heliotrope
I have all these in my garden in Orange County California
Mixing different perennials and annuals the bees and butterflies
enjoy makes for a colorful garden year round

heliotrope

Butter flies surprisingly enjoy a similar list
budderia, butterfly, bush,  primrose,
statice, lilac, lantana, phlox, aster, butterfly weed,
 milkweed, chives, red clover,
 lavender, loostrife, sedum, wisteria,
 coreopsis, marigold, globe thistle,
 yarrow, heliotrope, ceanothus, aster, cosmos,
 zinnia, thyme, calendula

Important note: I never use pesticides. I only use water,
home cooked compost and let the sun do what it will..
I do kill snails naturally with my snail ranch that they come
in and have a beer but never leave.

my backyard this October 2014

my front yard has three varieties of lavender and Mexican sage, see the little white butterfly?

mexican sage

coral bells passion vine

Milkweed favorite for monarch butterflies the pods dance on the wind

Coreopsis is hardy in California it blooms year round if you trim by thinning the plant and dead head the flowers

Okay here is a problem child. I planted this passion vine
for the butterflies but try as I might I can't get it to cling
to the roof or over the hanging.
Suggestions?

CHASE BANK HACKED

CHASE BANK ATM OPEN FOR HACKERS

Chase Hacked

J P Morgan Chase hacked yesterday.  Eight three million accounts compromised. 

How long ago did Chase know about this and wait until it leaked?

This is the largest failure of security in history.

This is far worse than Target, your email or Facebook hacked, pawned, and compromised. 

What can you do?

·         Chase is advising customers that they do not need to change passwords. I beg to differ.

·         Change your password today and again next week.

·         Check the account balances daily.

·         Check new credit card accounts opened in the next twenty and forty days.

·         Check your mailbox for any new information

·         DO NOT respond to any emails from Chase or anything that appears to be Chase.

Jamie Dimon fails to comment.

JPM Stock price downgraded today.

In the world of internet bad guys this one is frightening.

Table Funding States List

Home interior relax and sign your loan documents

WHAT STATES ARE WET FUNDING STATES?
ALSO KNOWN AS























What are the table funding States?

TABLE FUNDING RESIDENTIAL MORTGAGE

REAL ESTATE Closings  WHERE BUYER AND SELLER GO TO AN
ATTORNEY TO SIGN AND CLOSE ALL ON THE SAME DAY
ANSWER:

Alabama

Arkansas

Colorado

Connecticut

Delaware

Florida

Georgia

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

New Hampshire

New Jersey

New York

North Carolina

North Dakota

Ohio

Oklahoma

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

West Virginia

Wisconsin

Wyoming

BEACH HOUSE DESIGN

OUTDOOR DINING ROOM CALIFORNIA STYLE

C G Caroline Gerardo Barbeau (949)  784 - 9699

NMLS 324982

Moving Expenses Deductable?

Are Moving Expenses Tax-Deductible?     If you are qualified, you may deduct the expenses of: Tolls and parking fees on the trip. Up to 30 days storage of household goods. Disconnecting and connecting utilities. Packing and transporting household goods. Mileage for use of your own car (or gas and expenses). Transportation and lodging for yourself and members of your household while traveling to the new home. Not all moves are tax deductible. In order to deduct your moving expenses, you have to meet two tests: Time - You must begin working as a full-time employee within 13 weeks of your move, and you must work at least 39 weeks during the 12 months after your move. It doesn't matter whether you were transferred by your employer or you took a brand new job. Distance - To meet this test, your new job has to be at least 50 miles further from your old home than your old job was. If you didn't have a job before the move, your new job has to be at least 50 miles from your old home. Consult a tax advisor to see if you qualify.   Information Provided By: Caroline Gerardo Senior Loan Officer NMLS #324982 Cell 949-637-8190 Office 949-784-9699 eFax 855-883-4303 CarolineGerardo@eaglehm.com www.eaglehomemortgage.com/carolinegerardo Committed to Seeing You Home. Eagle Home Mortgage 8105 Irvine Center Drive Suite #500 Irvine CA 92618 NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130383, NMLS #252392. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.