Tuesday, June 3, 2014 / by Dan Keller
I wanted to put together a ORANGE COUNTY MARKET GLANCE for everyone to see what the current market looks like.
Here's a link to check out our Full Market Report for San Clemente (or any city)
Click Here (to view full image)
#OrangeCountyRealEstate #RealEstateMarket #HousingReport #OCKellerTeam @SearchOCHomesForSale @SanClementeRealEstate @orangecountyrealestate @TheKeller HomeSellingTeam ...
Tuesday, January 29, 2013 / by Dan Keller
7 key provisions of The California Homeowner Bill of Rights to ensure fair lending and
borrowing practices for California homeowners.
For More Information about this Bill & Foreclosure listings call Dan Keller: 949.244.0320
California Homeowner Bill of Rights
The California Homeowner Bill of Rights became law on January 1, 2013 to ensure fair lending and borrowing practices for California homeowners.
The laws are designed to guarantee basic fairness and transparency for homeowners in the foreclosure process. Key provisions include:
Restriction on dual track foreclosure: Mortgage servicers are restricted from advancing the foreclosure process if the homeowner is working on securing a loan modification. When a homeowner completes an application for a loan modification, the foreclosure process is essentially paused until the complete application has been fully reviewed.
Guaranteed single point of contact: Homeowners are guaranteed a single point of contact as ts ...
Monday, January 14, 2013 / by Dan Keller
There were changes to the Qualified Mortgage rules last week which impact all individuals looking to refinance or secure a purchase loan. The Consumer Finance Financial Protection Bureau (CFPB) put out it's rules for a qualified mortgage. The goal of the QRM, is to determine the standards that a buyer must meet before getting a mortgage. An over-simplified explanation would be “the things a buyer must do”.
Here's the full story:
The QM Announcement and What It Means to Real Estate
For over a year, we have been reporting on the impact that the new regulations being created for the Qualified Mortgage (QM) and the Qualified Residential Mortgage (QRM) would have on the housing market. Last week, the Consumer Finance Financial Protection Bureau (CFPB) announced its rules for a qualified mortgage. Let’s take a look at what it will mean to housing.
Let’s Begin with ‘Simplified’ Definit ...
Wednesday, December 19, 2012 / by Dan Keller
There is something driving the red-hot housing market that today’s homeowners need to know about. What is really behind the real and sustainable jump in housing sales and prices taking place right now? In September 2012, the Federal Reserve announced a plan to invest $40 billion per month to purchase mortgage debt in order to help boost the economy.
They call it “Quantitative Easing” or QE3 and by implementing this stimulus, the Feds are getting results they wanted – continued low interest rates. This spending pushed mortgage rates down from 3.55% in September 2012 to 3.32% in November 2012. Rates may continue to fall while the Federal Reserve continues to work on revitalizing the economy.
What does this mean to the homeowner? For the buyer, lower interest rates translate immediately into more buying power; or more simply put -more home for the same payment. The math is simple as you can see by the following example.
An interest rate deduction of just 1 ...
Monday, December 3, 2012 / by Dan Keller
The Keller Home Selling Team, A San Clemente Short Sale Specialist Team, known for their Orange County Real Estate experience in Short Sales, has just closed another Short Sale in California. Using their comprehensive Short Sale System, The Keller Home Selling Team's owners, Dan Keller and Kris Forsyth are able to handle a large volume of short sales and accomplish what is most important to our clients, to close the short sale. Together, they run a well balanced and knowledgeable Orange County Short Sale team.
Short Sales can be very complex and are not easy, but with expert negotiating skills, strong experience in problem solving, and a comprehensive marketing process, Keller and Forsyth achieved the difficult approval to close the home. The Chelsea Pointe home, which is located in Dana Point, a seaside community across the street from Strand Beach and the Headlands luxury housing community, The Strands in Dana Point, took a total of 188 days from contract to clost ...