Saturday, July 16, 2011

Silver Lake Los Angeles|Munson-Montejano Realty

Silver Lake Resivoir Silver Lake Los Angeles is one of my favorite Los Angeles Neighborhoods. I love it’s hip, trendy and culturally diverse energy and its wide variety of shopping, culinary and social experiences.

Some of my personal favorite dining spots include: “Cliff's Edge”, “Gindergrass”, “Silver Lake Wine”, “Madame Matisse”(for breakfast), “Dusty's”, “The Desert Rose” in Los Feliz, “Masa” in Echo Park for great deserts & Chicago style pizza and of course “Two Boots” for their great Louisiana style pizza.

And let’s forget the eclectic night life scene and all of the neighborhood coffee houses such as Intelligentsia for coffee.

Silver Lake Resivoir Part of Silver Lakes charm is its somewhat windy and hilly streets and of course its namesake reservoir, Silver Lake Reservoir which is composed of two basins, with the lower named Silver Lake and the upper named Ivanhoe. The lower body of water was named in 1906 for Water Board Commissioner Herman Silver, and in turn lends its name to the neighborhood. The upper body received its name after the 1819 Sir Walter Scott novel Ivanhoe (source Wikipedia)

As someone who is passionate about architecture, I really appreciate the variety of home types including craftsman, Spanish style and contemporary homes and buildings you will see throughout the Silver Lake-Echo Park and adjacent neighborhoods.

Silver Lake adjacent neighborhoods include: Atwater Village, Echo Park , Mount Washington, Glassell Park, Eagle Rock andLos Feliz.

Did you know this about Silver Lake?

sunset junction sign Sunset Junction Festival- Held around August is a 30+ Year Old Street fair that brings out all the fun, diverse and craziness of Silver Lake and its adjacent neighborhoods.

Walt Disney-In the 1930s, Walt Disney built his first large studio in Silver Lake at the corner of Griffith Park Blvd and Hyperion Avenue, now the site of Gelson's Market. (Source Wikipedia)

Famous Residents-Tom Hanks & Kiefer Sutherland are just two of many of Silver Lakes famous residents.

If you are thinking of moving to Silver Lake or one of its adjacent neighborhoods the start your search here and check out my “Urban Digs” Hot Property List that goes directly into your email box with photos, addresses, prices and every detail you want to know about every new listing that comes on the market in the Silver Lake, Atwater Village, Echo Park, Mount Washington, Glassell Park, Eagle Rock and Los Feliz neighborhoods.

Watch this YouTube video and Learn more about The Urban Digs Hot Property List

Or...

Are you looking to buy a home in Silver Lake and other areas throughout Los Angeles? Then start that search here and access the Los Angeles MLS for free and take complete control over your search for free.

Copyright © 2011 By Stephen Munson & Luis Montejano- Munson-Montejano Realty*Silver Lake Los Angeles|Munson-Montejano Realty-Silver Lake,Silver Lake Reservoir,Atwater Village, Echo Park , Mount Washington, Glassell Park, Eagle Rock,Los Feliz,Los Angeles MLS*

Listings in Los Angeles-Munson-Montejano Real Estate-

Listings in Los Angeles-Munson-Montejano Real Estate- Search the entire MLS in Los Angeles completely free. Search allLos Angeles listings by Price, neighborhoods, Bedrooms, baths, square footage and by home map search. See all listings Los Angeles and it's MLS has to offer including, single family, condos and town homes.

Copyright © 2011 By Stephen Munson & Luis Montejano- Munson-Montejano Real Estate*Listings in Los Angeles-Munson-Montejano Real Estate,MLS in Los Angeles,home map search,listings in Los Angeles,listingsLos Angeles,Los Angeles listings*

Home For Sale With Guest House|West Hollywood|Munson Montejano Real Estate

Home For Sale With Guest House|West Hollywood|Munson Montejano Real Estate

Overview
Maps
Photos

$585,500

Single Family Home

Main Features

2 Bedrooms
2 Bathrooms
Interior: 816 sqft
Lot: 3,999 sqft

Location

8937 ROSEWOOD AVE
West Hollywood, CA 90048
USA

Short sales-Frequently Asked Questions-Munson Montejano-

Foreclosure help written on dollar

Short sales-Frequently Asked Questions-Munson Montejano-

What is a Short Sale? A Short Sale is the sale of a home when the net proceeds do not fully pay off the existing mortgage loan(s) and the Lender is willing to accept a discounted payoff. Why would my lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process and/or the holding and maintaining of the property if it does not sell at foreclosure. The foreclosure process is very expensive and time consuming, so many lenders will agree to what seems a loss on the mortgage when they will actually save money by not completing the foreclosure and holding the property in their portfolio.

If I do a Short Sale, how much will I have to pay to sell my home? In most cases, you will not pay any sales costs if your Lender approves the Short Sale. All commissions, title and escrow fees, and some repair expenses are paid by the Lender, Investor or Mortgage Insurance company, if applicable, as part of the Short Sale approval.

Will my short sale be confidential? We do not market the property as a short sale. We must however note in the MLS in the private agent remarks; this is a short sale.

Can I simply deed my property to someone else and avoid the hassle? Deeding your property to someone without paying off the mortgage loan does not forgive you of the debt, and the property is still encumbered by a lien. Always check with your attorney to verify all the options available to you.

What sort of hardship would my lender consider legitimate? To some extent, that will depend upon the Lender considering your Short Sale request. Below you will find a list of common “hardships” that may be accepted by Mortgage Servicers:

Family illness or injury
Job relocation
Job loss or significant income loss
Divorce or split of domestic partners
Death of a spouse
Adjustment in mortgage payment or unforeseen increase in living expenses
Too much debt
Military service

I am current on my mortgage, so will my Lender consider a Short Sale? Many lenders now will consider a Short Sale offer on mortgage loans that are not delinquent. Other lenders will not consider a Short Sale offer until the loan is delinquent. We will work with you to put your Short Sale offer together and submit it for approval (remember, there is no charge for this). That is the best way to determine if your Lender will accept a Short Sale offer on a loan that is current.

Do lenders approve all Short Sales? No. That is why it is critical to work with someone, that has extensive experience at getting Short Sales approved and has direct contact with Mortgage Servicers

I have a second mortgage on my property, so can I still do a Short Sale? Yes. We can also work with the Mortgage Servicer or lender that holds the second mortgage, (many times the same Mortgage Servicer holds the 1st and the 2nd loans) to put together a Short Sale transaction. It is very important however, that you let us know if you have a second mortgage, home equity line of credit (HELOC), or any type of lien against your property such as a Home Owners Association lien, tax lien or mechanics lien.

My property is in rough shape and needs work; can I still do a Short Sale? Absolutely, Lenders often take into consideration repair costs, as a factor, when determining whether to approve a Home Short Sale offer.

I am concerned about my credit, so how will a Short Sale affect my credit? The goal is to avoid foreclosure. Consult your attorney to verify how this may affect your credit.

Can I receive cash from a Short Sale? No, short sales are only designed to get you out of your mortgage debt rather than going through the entire foreclosure process. It is not a refinance option and you will be vacating the property, as you would, if you were going through foreclosure. What if my home is not worth what I purchased it for? This is the typical scenario for a short sale, when you can only sale it for less than it is currently worth.

What if I have filed bankruptcy? You will need to check with your Bankruptcy Attorney to verify if you can proceed with a Short Sale.

To find out if a short sale is the right choice for you, vist: Www.LosAngelesShortSaleAgent.com

Copyright © 2011 By Stephen Munson-Munson Realty Southern California Real Estate –Homes In Los Angeles For Sale*Short sales-Frequently Asked Questions-Munson Montejano Realty|short sale, short sales, home short sales*

Sold!-Munson Montejano Real Estate

Sold!-Munson Montejano Real Estate-"Stephen and his partner Luis helped us buy our first home! They made the process simple and enjoyable from the beginning. They are extremely prompt with returning calls, emails, and texts, and worked around our hectic/sporadic schedules...usually scheduling our showings with less than 24 hour's notice without any complaint. When we eventually put in an offer, Stephen made the process super-simple, gave great advice, and won rave reviews from the listing agent. The offer he put together for us beat out a few competing offers, and he was able to get us closed in just three weeks from the date we put in our offer. This included getting our inspection and appraisal contingencies lifting in the very tight time frame imposed by the seller. They were with us at each step from the first houses that we saw to the moment we got the keys to our new home. There is no question that we will turn to Stephen and Luis if we ever decide to sell this house, and I have already recommended them to a couple of friends who are house hunting now."

Sarah & Vitali-Los Angeles

Munson-Montejano Real Estate-Pristine Remodel of British Colonial Inspired Home

Overview
Maps
Photos
Description

$549,000

Single Family Home

Main Features

3 Bedrooms
2 Bathrooms
Interior: 1844 sqft
Lot: 7,170 sqft

Location

3985 CHERRYWOOD AVE
LOS ANGELES, CA, CA 90008
USA

HAFA-Home Affordable Foreclosure Alternatives program

HAFA-Home Affordable Foreclosure Alternativesprogram-The huge numbers
of foreclosures in the US is simply too big to ignore. That is why a government-backed program has been released that aims at streamlining Home Foreclosure Alternatives.

Short sales are honorable solutions to foreclosure, and now the government is making them easier, quicker and more accessible through the Home Affordable Foreclosure Alternatives Program, or HAFA.

With one in seven homeowners struggling to make loan payments, distressed homeowners are not alone, and there are Home Foreclosure Alternatives available.

Here are some Bullet Points on the HAFA program.

HAFA Eligibility

At present, the home owner is eligible if all the following conditions are met:

• Property is borrower's principal residence
• Loan is a 1st lien mortgage
• Originated before Jan 1, 2009
• Mortgage is delinquent or default is reasonably foreseeable
• Current unpaid balance is equal to or less than $729,750
• Borrower's total monthly mortgage payment exceeds 31 percent of borrower's gross income
*information taken directly from HAFA

Incentives for the Distressed Home Owner

$3,000 to Borrowers for Relocation Assistance

Is your lender participating? Lenders and loan servicers participating in HAFA must sign a participation agreement with Fannie Mae to participate in HAMP by October 3, 2010.

The list of lenders that are participating is constantly growing, please contact us for the most recently update list (there is no fee or charge).

California Short SaleSpecialist Luis Montejano and Stephen Munson explain in this clip the more highlights of the HAFAprogram. Luis Montejano has earned the prestigious Certified Distressed Property Expert and has helped countless Californians avoid foreclosure.

Copyright © 2011 By Stephen Munson& Luis Montejano-Munson Realty Southern California Real Estate *HAFA|HAFA Short Sales by Munson Montejano Real Estatehafa,hafa program,hafa short sales,hafa short sale *

HAFA-$3,000 A Prestatarios Como Ayuda Para Traslado

Foreclosure help written on dollar $3,000 a prestatarios como Ayuda para Traslado

Programa de Alternativas de Embargo Hipotecario “Home Affordable” (HAFA por sus iniciales en inglés)

Usted puede ser elegible si cumple con los siguientes requisitos:

La propiedad es la residencia principal del prestatario.
El préstamo es el primer gravamen de la hipoteca.
El préstamo se originó antes de Enero 1, 2009.
El préstamo está atrasado o está por incurrir en retrasos por razones justificadas
El saldo actual del préstamo es igual o menor a $729,750 dólares.

Las ventajas para usted:

La entidad crediticia renuncia a sus derechos de solicitar un juicio por deficiencias

Institución financieras participantes

Para saber si su institución financiera es participante en este programa de gobierno, HAFA, llámenos al

Local (323) 216-9671

Gratis (877) 636-0444

Español (877) 431-4432

Saturday, July 9, 2011

Homes In Los Angeles For Sale- Search The Los Angeles MLS

Homes In Los Angeles For Sale- Search The Los Angeles MLS-Search the Los Angeles MLS right here for FREE-No need to log in to search the Los AngelesHome Search. You can search by price, rooms or map. All listing are up to date.

MLS in Los Angeles|Munson-Montejano Realty

MLS in Los Angeles|Munson-Montejano Realty- Search the entire Los Angeles MLS completely free. Search by Price, neighborhoods, Bedrooms, baths, square footage and by home map search. See all homes in La that are listed in the Los Angeles MLS for sale including, single family, condos and town homes.

Copyright © 2011 By Stephen Munson & Luis Montejano- Munson-Montejano Realty-MLS in Los Angeles|Munson-Montejano Realty*MLS in Los Angeles,home map search,homes in La,MLS in Los Angeles,Los Angeles MLS*

Silver Lake Los Angeles|Munson-Montejano Realty

And let’s forget the eclectic night life scene and all of the neighborhood coffee houses such as Intelligentsia for coffee.

Silver Lake adjacent neighborhoods include: Atwater Village, Echo Park , Mount Washington, Glassell Park, Eagle Rock and Los Feliz.

Did you know this about Silver Lake?

Walt Disney-In the 1930s, Walt Disney built his first large studio in Silver Lake at the corner of Griffith Park Blvd and Hyperion Avenue, now the site of Gelson's Market. (Source Wikipedia)

Famous Residents-Tom Hanks & Kiefer Sutherland are just two of many of Silver Lakes famous residents.

Watch this YouTube video and Learn more about The Urban Digs Hot Property List

Or...

Los Angeles Property Search|Munson-Montejano Realty

Los Angeles Property Search|Munson-Montejano Realty- Search the entire MLS in Los Angeles completely free. Search by Price, neighborhoods, Bedrooms, baths, square footage and by home map search. See all homes in La including, single family, condos and town homes.

Copyright © 2011 By Stephen Munson & Luis Montejano- Munson-Montejano Realty*Los Angeles Property Search|Munson-Montejano Realty,los angeles property search,la properties,los angeles property,property in los angeles,los angeles properties,property los angeles,properties los angeles,properties in los angelesMLS in Los Angeleshome map searchhomes in La*

Listings in Los Angeles-Munson-Montejano Real Estate-

Listings in Los Angeles-Munson-Montejano Real Estate- Search the entire MLS in Los Angeles completely free. Search all Los Angeles listings by Price, neighborhoods, Bedrooms, baths, square footage and by home map search. See all listings Los Angeles and it's MLS has to offer including, single family, condos and town homes.

Short Sales-Munson Montejano Real Estate-

Short Sales-Munson Montejano Real Estate-Munson Montejano's Short Sales department is a group of real estate/property advisers, escrow agents and title representatives with the intention to streamline the short sale process. Our goal is to create a win-win scenario for “you”, the homeowner and your lender. Our team of experts has helped countless distressed sellers through the stressful threat of foreclosure.

We close short sales and save homeowners from foreclosure where others fail. We will be very direct in telling you that we cannot guarantee we will save you from your “auction sale date” but we do have a 92% successes ratio. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.

In California, you have approximately 90 days (may vary from lender to lender) from the Notice of Default filed by your lender for property to be sold at property auction.

Getting the short sale process started now can stop foreclosure. If your intention is to stop foreclosure through a short sale then it is important that you start the short sale process sooner rather than later. Contact us to schedule a free evaluation. We will never ask you for a single dollar to short sale your home. Your lender, not you, pays our fees. In fact, there is a very good chance we can negotiate $3,000 in relocation expenses on your behalf.

We are Certified Distressed Property Experts® monitoring the federal laws and regulations and promoting anti-scam and anti-fraud communications from various government organizations.

Call us now if you are ready to avoid foreclosure through the short sale process. Or you can fill out this confidential contact form here on line. Our consultation is free and confidential.

Call us: Locally (323) 216-9671 Toll free (877) 636-0444 Spanish (877) 431-4432

Short Sales-Home Foreclosure Alternatives

Short Sales-Home Foreclosure Alternatives
Avoiding home foreclosure can be stressful. Distraught homeowners facing foreclosure are not alone. Today, 1 out of 7 homeowners is delinquent on their mortgage or in the process of foreclosure. Knowing your home foreclosure alternatives and where you stand can greatly reduce that stress and help you form a game plan that will help you avoid foreclosure..

Let's talk about Home Foreclosure Alternatives, what are the options?

Lender Loan Modifications or Lender Workout | Of course the best course of action for the distressed home owner is to stay in their home and avoid any other alternatives. With that in mind a Lender Loan Modification or Workout should be vigorously pursued. With this as an option your lender may be willing to:

Add the missed payments to the existing loan balance.
Change the interest rate, including making an adjustable rate into a fixed rate.
Extend the number of years you have to repay.

When the lender can work out terms that lower the monthly payment and bring the principle balance closer to today's market value, this is the best choice.

Unfortunately, this is often only a temporary fix and ultimately stretches out the ultimate conclusion of the home owner having to give up their home.

Why is that? Often the new terms are still not enough to justify the homeowner staying in the home. For example: The principle balance is still way above market value or because of financial hardship there is simply not enough income to sustain even the new terms of the loan

So then What?

Sell And Bring Cash to Closing- Of course is a ridiculous option for most because their resources have already been drained.
Deed in lieu of foreclosure-A Deed in lieu of foreclosure is when the home owner gives up title or deed to the lender to satisfy the loan. However, if the borrower owes more on the home that is owed, it is often unlikely the lender will agree to a Deed in Lieu of foreclosure.

Short Sale- A short sale can is often the best solution for home owners who are upside down. In the past, it was rare for a bank or lender to accept a short sale. Now, however, due to overwhelming changes in the market, banks and lenders have become much more flexible when it comes to approving short sales. Recent changes in many corporate policies and the Obama administration have also greatly improved the chances of getting many short sales approved.

In California, you have approximately 90 days (may vary from lender to lender) from the Notice of Default filed by your lender for property to be sold at property auction.

Getting the short sale process started now can stop foreclosure. If your intention is to stop foreclosure through a short sale then it is important that you start the short sale process sooner rather than later.

Contact us to schedule a free evaluation. We will never ask you for a single dollar to short sale your home. Your lender, not you, pays our fees. In fact, there is a very good chance we can negotiate $3,000 in relocation expenses on your behalf.

Copyright © 2011 Stephen Munson& Luis Montejano-Munson-Montejano Real Estate *Short Sale, Short Sales, Home Foreclosure Alternatives-Home Foreclosure alternatives,Foreclosure Alternative,Lender Loan Modifications,short sale, short sales, home short sale,*

Short Sales-What is a Short Sale?-Munson Montejano Real Estate

Foreclosure help written on dollar Short Sales-What is a Short Sale?-Munson Montejano Real Estate-A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale. Now, however, due to overwhelming changes in the market, banks and lenders have become much more flexible when it comes to approving short sales.

Recent changes in many corporate policies and the Obama administration have also greatly improved the chances of getting many short sales approved.

To be clear, here is a more technical definition of a short sale: When a seller must sell their home for less than they owe on the property, and the lender that they owe the money to agrees to take less than they originally loaned to the seller, that is a short sale. The "short" of the sale is the difference between what the property can be sold for now minus the loan balance.

Example: Home owner owes $400K on loan for their home, but the home is only worth $300K. The "short" of the sale would be $100K Plus Expenses that the Lender would have to take a loss on.

What qualifies a seller for a short sale?

Here are just a few examples of Hardships that may qualify a seller for a short sale.

Loss of Job
Becoming disabled
Divorce
Death of a spouse

If you are considering a Home Short Sale you will need a team of highly specialized professionals to help you understand your options and home foreclosure alternatives.

Learn More about:

Marketing Short Sales-Finding A Buyer

Short Sale Agents-How to find a short sale specialist

Short sale hardship-What qualifies as short sale hardship

Does A Short Sale Stop Foreclosure

Short Sale Vs. Foreclosure-Short Sales Affect On Credit

What is a short sale

Loan Modification Hardship

Qualifying for a loan modification-California Loan Modification

Home Foreclosure Alternatives

Lender Loan Modification Scams

Lender Loan Modifications