2/15/2016

2016 FHA Loan California

2106 California Counties FHA loan dollar amount limits
Each county defines what is a high balance loan according to HUD
Below is an alphabetical list of the County Name Single family residence
is left side to four unit owner occupied is on the right


 ALAMEDA County
SAN FRANCISCO-OAKLAND-HAYWARD, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

ALPINE County
NON-METRO

Single
$463,450
Duplex
$593,300
Tri-plex
$717,150
Four-plex
$891,250

AMADOR County
NON-METRO

Single
$332,350
Duplex
$425,450
Tri-plex
$514,300
Four-plex
$639,150

BUTTE County
CHICO, CA

Single
$293,250
Duplex
$375,400
Tri-plex
$453,750
Four-plex
$563,950

CALAVERAS County
NON-METRO

Single
$373,750
Duplex
$478,450
Tri-plex
$578,350
Four-plex
$718,750

COLUSA County
NON-METRO

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

CONTRA COSTA County
SAN FRANCISCO-OAKLAND-HAYWARD, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

DEL NORTE County
CRESCENT CITY, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

EL DORADO County
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

Single
$474,950
Duplex
$608,000
Tri-plex
$734,950
Four-plex
$913,350

FRESNO County
FRESNO, CA

Single
$281,750
Duplex
$360,700
Tri-plex
$436,000
Four-plex
$541,800

GLENN County
NON-METRO

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

HUMBOLDT County
EUREKA-ARCATA-FORTUNA, CA

Single
$327,750
Duplex
$419,550
Tri-plex
$507,150
Four-plex
$630,300

IMPERIAL County
EL CENTRO, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

INYO County
NON-METRO

Single
$369,150
Duplex
$472,550
Tri-plex
$571,250
Four-plex
$709,900

KERN County
BAKERSFIELD, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

KINGS County
HANFORD-CORCORAN, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

LAKE County
CLEARLAKE, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

LASSEN County
SUSANVILLE, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

LOS ANGELES County
LOS ANGELES-LONG BEACH-ANAHEIM, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

MADERA County
MADERA, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

MARIN County
SAN FRANCISCO-OAKLAND-HAYWARD, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

MARIPOSA County
NON-METRO

Single
$322,000
Duplex
$412,200
Tri-plex
$498,250
Four-plex
$619,250

MENDOCINO County
UKIAH, CA

Single
$373,750
Duplex
$478,450
Tri-plex
$578,350
Four-plex
$718,750

MERCED County
MERCED, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

MODOC County
NON-METRO

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

MONO County
NON-METRO

Single
$529,000
Duplex
$677,200
Tri-plex
$818,600
Four-plex
$1,017,300

MONTEREY County
SALINAS, CA

Single
$529,000
Duplex
$677,200
Tri-plex
$818,600
Four-plex
$1,017,300

NAPA County
NAPA, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

NEVADA County
TRUCKEE-GRASS VALLEY, CA

Single
$477,250
Duplex
$610,950
Tri-plex
$738,500
Four-plex
$917,800

ORANGE County
LOS ANGELES-LONG BEACH-ANAHEIM, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

PLACER County
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

Single
$474,950
Duplex
$608,000
Tri-plex
$734,950
Four-plex
$913,350

PLUMAS County
NON-METRO

Single
$336,950
Duplex
$431,350
Tri-plex
$521,400
Four-plex
$648,000

RIVERSIDE County
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA

Single
$356,500
Duplex
$456,350
Tri-plex
$551,650
Four-plex
$685,550

SACRAMENTO County
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

Single
$474,950
Duplex
$608,000
Tri-plex
$734,950
Four-plex
$913,350

SAN BENITO County
SAN JOSE-SUNNYVALE-SANTA CLARA, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SAN BERNARDINO County
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA

Single
$356,500
Duplex
$456,350
Tri-plex
$551,650
Four-plex
$685,550

SAN DIEGO County
SAN DIEGO-CARLSBAD, CA

Single
$580,750
Duplex
$743,450
Tri-plex
$898,700
Four-plex
$1,116,850

SAN FRANCISCO County
SAN FRANCISCO-OAKLAND-HAYWARD, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SAN JOAQUIN County
STOCKTON-LODI, CA

Single
$333,500
Duplex
$426,950
Tri-plex
$516,050
Four-plex
$641,350

SAN LUIS OBISPO County
SAN LUIS OBISPO-PASO ROBLES-ARROYO GRAN

Single
$561,200
Duplex
$718,450
Tri-plex
$868,400
Four-plex
$1,079,250

SAN MATEO County
SAN FRANCISCO-OAKLAND-HAYWARD, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SANTA BARBARA County
SANTA MARIA-SANTA BARBARA, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SANTA CLARA County
SAN JOSE-SUNNYVALE-SANTA CLARA, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SANTA CRUZ County
SANTA CRUZ-WATSONVILLE, CA

Single
$625,500
Duplex
$800,775
Tri-plex
$967,950
Four-plex
$1,202,925

SHASTA County
REDDING, CA

Single
$273,700
Duplex
$350,350
Tri-plex
$423,500
Four-plex
$526,350

SIERRA County
NON-METRO

Single
$304,750
Duplex
$390,100
Tri-plex
$471,550
Four-plex
$586,050

SISKIYOU County
NON-METRO

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

SOLANO County
VALLEJO-FAIRFIELD, CA

Single
$400,200
Duplex
$512,300
Tri-plex
$619,300
Four-plex
$769,600

SONOMA County
SANTA ROSA, CA

Single
$554,300
Duplex
$709,600
Tri-plex
$857,750
Four-plex
$1,065,950

STANISLAUS County
MODESTO, CA

Single
$276,000
Duplex
$353,300
Tri-plex
$427,100
Four-plex
$530,750

SUTTER County
YUBA CITY, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

TEHAMA County
RED BLUFF, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

TRINITY County
NON-METRO

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

TULARE County
VISALIA-PORTERVILLE, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250

TUOLUMNE County
SONORA, CA

Single
$331,200
Duplex
$424,000
Tri-plex
$512,500
Four-plex
$636,900

VENTURA County
OXNARD-THOUSAND OAKS-VENTURA, CA

Single
$603,750
Duplex
$772,900
Tri-plex
$934,250
Four-plex
$1,161,050

YOLO County
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

Single
$474,950
Duplex
$608,000
Tri-plex
$734,950
Four-plex
$913,350

YUBA County
YUBA CITY, CA

Single
$271,050
Duplex
$347,000
Tri-plex
$419,425
Four-plex
$521,250 

2/13/2016

Mortgage Valentine

Happy Valentine's Day

this card
To all my Valentines -
If you have a mortgage higher than 4%
Call me now!
Mortgage rates for 30 years are in the 3's
and 15 years in the 2's
Don't wait the flowers fade :)
this is not a commitment to lend
Terms and Conditions Apply
Refinance FHA Conventional Jumbo...
Save money now
NMLS324982
cell 7 AM -7 PM 7 days
a week (949) 784-9699






2/10/2016

Transfer Deed on Death California 139


 SIMPLE REVOCABLE TRANSFER ON DEATH (TOD) DEED (California Probate Code Section 5642)  New California Law was enacted on September 21 of 2015 
  Assembly Bill 139 (Gatto)  passed the Legislature on September 9. AB 139 establishes a method for conveying real property upon death through a revocable transfer upon death deed.
 This document is exempt from documentary transfer tax under Revenue & Taxation Code 11930. This document is exempt from preliminary change of ownership report under Revenue & Taxation Code 480.3. 
Is cheaper than setting up a Living Trust which may cost $1500 to $2000 plus recording and preparing. The Transfer on Death Deed is simple and can be prepared by the homeowner. Only costs are notary and recording. Notary costs vary from $20- 100 and recording in most counties is $110

Here are all the ins and outs of this type of vesting that avoids probate used in other states:

THE DEED MUST BE RECORDED ON OR BEFORE 60 DAYS AFTER THE DATE IT IS SIGNED AND NOTARIZED. 
Use this deed to transfer the residential property to your named beneficiaries when you die. 

Consult an attorney before using this deed. It may have results that you do not want. Provide only the information asked for in the form. DO NOT INSERT ANY OTHER INFORMATION OR INSTRUCTIONS or it becomes invalid. 
BENEFICIARY(IES)  FULL NAME(S) of the person(s) who will receive the property on your death  and state the RELATIONSHIP that each named person has to you (spouse, son, daughter, friend, etc.):
This deed only transfers ownership share of the property. The deed does NOT transfer the share of any co-owner of the property. Any co-owner who wants to name a TOD beneficiary must execute and RECORD a SEPARATE deed. 

When you die, the identified property will transfer to your named beneficiary without probate. The TOD deed has no effect until you die. It can be revoked it at any time. 

This deed is only be used to transfer (1) a parcel of property that contains one to four residential dwelling units, (2) a condominium unit, or (3) a parcel of agricultural land of 40 acres or less, which contains a single-family residence. 

This information may be on the deed you received when you became an owner of the property. This information may also be available in the office of the county recorder for the county where the property is located. 
Take the completed and notarized form to the county recorder for the county in which the property is located. Follow the instructions given by the county recorder to make the form part of the official property records. 

WHAT IF I SHARE OWNERSHIP OF THE PROPERTY? This form only transfers YOUR share of the property. If a co-owner also wants to name a TOD beneficiary, that co-owner must complete and RECORD a separate form. 

CAN I REVOKE THE TOD DEED IF I CHANGE MY MIND? Yes. You may revoke the TOD deed at any time. No one, including your beneficiary, can prevent you from revoking the deed. HOW DO I REVOKE THE TOD DEED? There are three ways to revoke a recorded TOD deed: (1) Complete, have notarized, and RECORD a revocation form. (2) Create, have notarized, and RECORD a new TOD deed. (3) Sell or give away the property, or transfer it to a trust, before your death and RECORD the deed. A TOD deed can only affect property that you own when you die. A TOD deed cannot be revoked by will. 

CAN I REVOKE A TOD DEED BY CREATING A NEW DOCUMENT THAT DISPOSES OF THE PROPERTY (FOR EXAMPLE, BY CREATING A NEW TOD DEED OR BY ASSIGNING THE PROPERTY TO A TRUST)? Yes, but only if the new document is RECORDED. To avoid any doubt, you may wish to RECORD a TOD deed revocation form before creating the new instrument. A TOD deed cannot be revoked by will, or by purporting to leave the subject property to anyone via will. 

IF I SELL OR GIVE AWAY THE PROPERTY DESCRIBED IN A TOD DEED, WHAT HAPPENS WHEN I DIE? If the deed or other document used to transfer your property is RECORDED before your death, the TOD deed will have no effect. If the transfer document is not RECORDED before your death, the TOD deed will take effect. 

I AM BEING PRESSURED TO COMPLETE THIS FORM. WHAT SHOULD I DO? Do NOT complete this form unless you freely choose to do so. If you are being pressured to dispose of your property in a way that you do not want, you may want to alert a family member, friend, the district attorney, or a senior service agency. 

DO I NEED TO TELL MY BENEFICIARY ABOUT THE TOD DEED? No. But secrecy can cause later complications and might make it easier for others to commit fraud. 

WHAT DOES MY BENEFICIARY NEED TO DO WHEN I DIE? Your beneficiary must RECORD evidence of your death (Prob. Code § 210), and file a change in ownership notice (Rev. & Tax. Code § 480). If you received Medi-Cal benefits, your beneficiary must notify the State Department of Health Care Services of your death and provide a copy of your death certificate (Prob. Code § 215).  Your beneficiaries will become co-owners in equal shares as tenants in common. If you want a different result, you should not use this form. 
You MUST name your beneficiaries individually, using each beneficiary’s FULL name. You MAY NOT use general terms to describe beneficiaries, such as “my children.” For each beneficiary that you name, you should briefly state that person’s relationship to you (for example, my spouse, my son, my daughter, my friend, etc.). 

 If all beneficiaries die before you, the TOD deed has no effect. If a beneficiary dies before you, but other beneficiaries survive you, the share of the deceased beneficiary will be divided equally between the surviving beneficiaries. If that is not the result you want, you should not use the TOD deed. WHAT IS THE EFFECT OF A TOD DEED ON PROPERTY THAT I OWN AS JOINT TENANCY OR COMMUNITY PROPERTY WITH RIGHT OF SURVIVORSHIP? If you are the first joint tenant or spouse to die, the deed is VOID and has no effect. The property transfers to your joint tenant or surviving spouse and not according to this deed. If you are the last joint tenant or spouse to die, the deed takes effect and controls the ownership of your property when you die. If you do not want these results, do not use this form. The deed does NOT transfer the share of a co-owner of the property. Any co-owner who wants to name a TOD beneficiary must complete and RECORD a SEPARATE deed. 

DO NOT ADD ANY OTHER CONDITIONS ON THE FORM If you do, your beneficiary may need to go to court to clear title. 

IS PROPERTY TRANSFERRED BY THE TOD DEED SUBJECT TO MY DEBTS? Yes. Mortgage, Home Equity Line of Credit or Reverse Mortgages still need to be paid.

DOES THE TOD DEED HELP ME TO AVOID GIFT AND ESTATE TAXES? No. 

HOW DOES THE TOD DEED AFFECT PROPERTY TAXES? The TOD deed has no effect on your property taxes until your death. At that time, property tax law applies as it would to any other change of ownership. 
DOES THE TOD DEED AFFECT MY ELIGIBILITY FOR MEDI-CAL? No. AFTER MY DEATH, WILL MY HOME BE LIABLE FOR REIMBURSEMENT OF THE STATE FOR MEDI-CAL EXPENDITURES? Your home may be liable for reimbursement. If you have questions, you should consult an attorney.
A transfer-on-death (TOD) deed, or beneficiary deed, allows an owner of real property to execute a deed that names a beneficiary who will obtain title to the property at the owner’s death without going through probate.
TOD deed has no tax consequences.
TOD deed solves many of the drawbacks associated with the other mechanisms available for transferring real property at death. In contrast with using joint tenancy or a legal remainder interest, a TOD deed creates no present interest in the named beneficiary. This provides several benefits: The owner does not make a completed gift for gift tax purposes; if the owner changes his mind about the beneficiary, the owner can change the designation at any time before death; and because the beneficiary has no interest in the property until the owner dies, the beneficiary’s creditors cannot reach the property.
Costs of probate are large.
The TOD option protects owners from unscrupulous relatives while they are alive. Often at end of life property owners change the intention of their will by pressure, confusion or elder abuse.
A disadvantage of TOD deeds is that people may use them without consulting a lawyer and may make legal mistakes. For example, an owner might name one beneficiary but neglect to provide for the possibility that the beneficiary predeceases the owner. Despite the risk of mistakes on the part of users, these mistakes may be less troubling than the mistakes that occur in connection with the use of joint tenancy as a will substitute. The loss of one’s house during life to the beneficiary or the beneficiary’s creditor is at least as problematic as the risk that the death of a beneficiary prior to the owner will disrupt the owner’s estate plan.
Another concern involves challenges that may occur after the owner’s death. If someone challenges the effectiveness of a deed, perhaps based on an argument that the owner lacked capacity when the owner executed the deed, a court proceeding may be needed to resolve the issue. However, the need for court involvement, or at least the involvement of lawyers, is present in any challenge to a transfer at death, thus the concern is not unique to TOD deeds.
Most title companies put a holding period on a TOD- often six months to a year for beneficiaries to sell the property. They wait to see if other family relatives will sue the estate. A title company also may be reluctant to issue title insurance if a contradiction or ambiguity exists with respect to the transfer of the property. TOD deed, if validly recorded and not revoked by a subsequent deed, controls, and the owner’s will has no effect on the deed. The same result is true with respect to deeds held in joint tenancy, so presumably once the newness of TOD deeds wears off, title companies will not be concerned with this issue.
TOD deed is not be the best choice if the beneficiary needs to sell the property soon after the owner’s death.

During the owner’s lifetime, the owner retains full power and control over the property. The property owner who wants to use a TOD deed to transfer property at his death must execute and record the deed before death. All statutes provide that the deed must be recorded to have effect. The owner of property can revoke a TOD deed at any time by executing a subsequent TOD deed or an instrument of revocation. The subsequent deed or instrument of revocation must be recorded for the revocation to be effective.
.
The execution of a TOD deed has no tax consequences. The designation of a beneficiary is not a com-pleted gift because the designation remains revocable. Thus, the designation is not a taxable event for gift tax purposes.
The beneficiary has no interest in the property until the owner’s death, and the beneficiary cannot affect or challenge the owner’s use of the property or the owner’s decision to encumber or sell the property. Delivery of the deed by the owner and acceptance of the deed by the beneficiary are not required, and the owner need not notify the beneficiary when the owner creates or revokes the deed. TOD deed statutes permit the owner to name multiple beneficiaries.
This vesting is new to California. 
This is not offered as legal advice. 
Contact your local County in California for the form.
You will need current Identification and to be fingerprinted by the notary.

Porter Ranch Gum Wall


Sticky Situations
I received this email from the California Board of Oversight
Regarding Porter Ranch and the gas leak there.
Homeowners have suffered with stinky smells, the worry
about benzene and cancer causing elements in the air, soil
and water. The Gas Company and Los Angeles County
officials have been saying "don't worry be happy its all okay"

Sounds like FLINT Michigan
Here's the letter:

This message has been revised to urge licensees to give payment flexibility to all customers, not only mortgage customers.
The natural gas leak at Southern California Gas Company’s Aliso Canyon Storage Facility in Los Angeles County has displaced thousands of people, including homeowners.  The Governor on Jan. 6 declared a state of emergency  in the affected area, which includes Porter Ranch.
I urge Department of Business Oversight (DBO) licensees to work with their affected customers to help them cope with any economic hardships caused by the gas leak.  Financial institutions should ensure customers have ready access to their funds.  Other steps financial institutions can take include expediting the extension of new credit, extending loan repayment terms, restructuring existing loans or offering borrowers more favorable terms on new credit.
Some displaced homeowners are faced with paying rent, in addition to their mortgages, while suffering a reduction in their income.  I urge DBO licensees to work constructively with your affected homeowner customers and provide them appropriate latitude in making scheduled payments on their loans.
DBO examiners will not cite bank or credit union licensees that take prudent actions, consistent with sound practices, to give affected customers payment flexibility.
The DBO also has posted on its website guidance to help affected consumer and homeowners.
I am confident you will cooperate with this request, and do what you can to help your customers and the community you serve.  I greatly appreciate your efforts.
Sincerely,
Jan Lynn OwenCommissioner of Business Oversight

OKAY I have no control over allowing Borrowers to not make payments
Why is Governor Brown not doing this? The Southern California Gas
Company should buy everyone's house for the market value before the
leak.
My heart goes out to the many homeowners who now are forced to
make mortgage payments on homes that are unsafe perhaps never to
be cleaned up.

Sure this gum wall is totally safe. Come on down and chew a piece
Governor Brown. I recall when he had an assistant B T Collins
drink Malathion to demonstrate it's safety.

Brown smelly malathion was not in that bottle





2/09/2016

New Year Low Mortgages


Brian in my office gave everyone these cute envelopes with
one scratcher for Chinese New Years the other  day.
My first scratcher. I had to ask how many boxes to reveal.

Don't win but it was such a fun gesture.
I work with wonderful people at Eagle Home Mortgage.
In our office we have processing, funding and Underwriting.
This is the ideal set up for mortgage origination.

Since rates are now historically low we are all here long
hours getting our loans closed in 20 days. No bank can
do this and ramp up to the market flow.

Think about refinancing?  Give me a call
Fifteen year conforming loan at 3% APR 3.099
for a no cash out refinance of $400000.

(949) 784- 9699

Did you look up your birthday to find out what zodiac sign you are?
I'm the Dog.



Some gorgeous ocean views from this home.
I love this room with the coved windows


Mortgage after Foreclosure


A couple of people asked me about buying a home after foreclosure or short sale. We have a loan that a yea r after the event even a Bankruptcy we can offer a mortgage. You must demonstrate you paid your rents on time past twelve months. With 12 months reserves we can loan up to 85%. OR eight percent with three months reserves

Home Again product is a great loan for Borrowers to get into the market now. 
Usual waiting periods are as follows:
Foreclosure: 7 years conventional loan, 3 years FHA 2 Years VA and 3 years USDA. 
Short Sale: 4 years conventional, 3 years FHA, no wait VA, 3 years USDA

Rates are higher on this product than government loans.

The investor expects as soon as the “waiting period” ends the loan is running off hence the higher rates. DON’T LET THIS SCARE YOU AWAY.

Sometimes paying a higher rate for THE RIGHT PROPERTY (kitchen, backyard, pool, sunset etc…) TODAY beats buying the JUST OK one in the future. Limited supply means you have to buy when the RIGHT PROPERTY comes on the market. Yes you might pay $18,000 in higher interest for 12 months (which is tax deductible). So what, it beats buying an inferior property in 12 months and having to improve it $45,000 because there is nothing on the market

There are more people in the penalty box than you think. Just because your borrower didn’t lose their primary residence doesn’t mean that pesky foreclosure on that vacation home in the desert, mountains or lake  isn’t hindering their ability to upsize or downsize.



2/08/2016

FREE Chipotle Burrito

Just today until 6:00 
Text 888222
the word:
RAINCHECK

Chipotle will send you a coupon for a free burrito
2/8/2016

They have to do something to bring us back :) 
FREEEEE
 You will need to go there to get it but I love a deal don't you?
The FDA never figured out what was the source.
Could be a warehouse where lettuce was stored or chicken not cooked hot enough
They might have to do more than give away a lunch for some customers to return

2/05/2016

Low Mortgage Rates

laguna beach twin point
 
Twin Points sold Tuesday for a record breaking forty five million dollars
This is pushing all records for Laguna Beach and Orange County!

Meanwhile mortgage money is cheap! Cash out to one million dollars!
Second home or primary with rates in the 3's
3.375% Super Jumbo Seven Year ARM APR 3.499
Call now to find out what you need to qualify.
When these events happen it only lasts weeks.
Why not save money with these historically low rates?
Call me to find out how this weekend (949) 784-9699
NMLS 324982
C G Barbeau
2/5/2016 3:56 PM rates change a couple times a day
This is not a commitment to lend.

beach mortgage




2/04/2016

Zillow Spying On YOU

v
Zillow started recording conversations between Realtors and Buyers shopping on their website in October 2015. Zillow’s legal stand on this is they have the Premium Agent’s permission. Zillow says they only need one party’s permission to record conversations.
Why is Zillow be doing this?
America's favorite website for residential real estate (soon to be China's as well) is spying on consumers?
Z says it is for the good of agents to play back a conversation that may have been completed on the fly. Z knows how to sell a story to agents. Zillow is an information "aggregator." They are a lead generation site, not the free Multiple Listing Servic information site. Every keystroke, time on site and habits of consumers is tracked. This information can be sold, and not just sold to Realtors, Lenders, Banks, Insurance Agents, Credit Fixers, Remodeling Pros… you get it... information makes the big Z almost five hundred million dollars a year.
Zillow doesn’t care if a listing is already sold or if their Zestimate is wrong. About forty one percent of the listings on Zillow are already sold, off market, or incorrect. They have more advertising sales men and women than they have engineers in Seattle, (the building across from me in Irvine, San Francisco, Lincoln or New York (Oh and read the story about the Big Z cornering the market on rentals in NYC).
Zillow represents premier agents as if they are the listing agent. One of Z’s great tricks soon to be shut down by the CFBP is how Zillow sales agents get Lenders to pay for Realtor ads.

So what else do I think Z is doing with the recordings?
Since Zillow has intense tracking models they can compare the voice, wording, timing, exact sales pitch and responses from a top agent. This spy like information can be sold as education for agents or used when they begin their own Z agencies and sell real estate directly.

Google, Microsoft, Mine Government and everyone with a cell phone
is recording our lives... 
How do you feel about being spied upon?

Below Zillow Consumer Affairs rating a 1 of 5

 “Stand Out Where It Matters Target buyers and sellers in your local market and increase visibility for you and your listings.” Zillow slogan
Teke Wiggin’s full article here

From the Inman article posted today:
“A number of critics questioned the legality of the recordings. Federal law only permits the recording of a phone call if one party to the call has consented to the recording, they point out. And some state laws go further, requiring all parties to consent to a recording.
Jay Thompson, director of industry outreach at Zillow, countered in a Facebook conversation that Zillow’s terms of use disclose to consumers that their phone calls might be recorded. And Zillow told Inman in an email that the listing portal also informs consumers that they are being recorded at the beginning of calls, “even in the states that do not require two-party consent.”
Zillow agent advertisers, meanwhile, “are made aware of the feature during their on-boarding process and through product release information,” and they have the ability to disable the feature, Zillow said.”

Go look at Zillow's Premier Agent Training Videos. They explain how an incoming Consumer call is transferred to a Realtor and recorded so the agent can play back anything they missed. What Zillow and Trulia their other company want to do is corner all online real estate transactions

http://www.zillow.com/agent-resources/news/industry-updates/introducing-premier-agent-app/
Here's you COOL AID

Zillow stock is down from a 
high of 33 to 18 today
Consumers are not going 
to like this news
Is Big Brother Z is going to 
drop all my reviews now? YES
FLINT PETER
Director


2/03/2016

Home Sales Increase


Existing home sales scheduled for December from those delayed into the month from November by problems with Truth-in-Lending disclosure (TRID) rule. Existing home sales rose by 14.7 percent from November to December.  The National Association of Realtors® (NAR) said the seasonally adjusted annual rate of sales during the month was 5.46 million homes compared to 4.76 million in November.
The monthly increase was the largest ever reported by NAR and more than offset the 10.5 percent plunge in sales in November, the largest slowdown since 2010, reducing the rate below that of November 2014.  The December sales returned the rate to positive territory, 7.7 percent higher than in December 2014.  All four regions of the country shared in the large increase.
Existing home sale numbers include completed sales transactions for single-family homes, condominiums, townhouses, and cooperative apartments.

  Single-family sales jumped 16.1 percent to a seasonally adjusted annual rate of 4.82 million from 4.15 million the previous month and were 7.1 percent higher than the 4.50 million pace a year earlier. Existing condominium and co-op sales increased 4.9 percent to a rate of 640,000 compared to 610,000 in November, and rose 12.3 percent year over year from a rate of 570,000 units.

Lawrence Yun, NAR chief economist, says December's year-end bounce caps off the best year of existing sales (5.26 million) since 2006 (6.48 million). 

This is positive news for real estate in United States. From the Coast of California to the Southern most Coast of Florida things are looking good. November December are usually the slower months because of Holidays.

I know you are groaning because you lost some of your down payment in the crazy wild stock market of recent weeks. China crash and Oil prices are the drivers of that boat.

The good news is the bond market is making mortgage rates at all time LOWS