Coastal Real Estate Santa Cruz, California

Summer in the Winter - Santa Cruz, Calif.

2012-02-02T11:18:00.000-08:00

Yes, we know why we live here and it gets better all the time.
While the East coast is suffering with their typical abysmal snow, wind, slush, and horizontal rain, the Midwest is terminally digging out, we in The Monterey Bay are enjoying Summer 70's with clear blue sky's.
While sipping champagne and munching on crabcakes at Chaminade today, gazing out at the crystal clear blue bay dotted with sail boats, I realized how blessed I am.
When YOU decide you want your piece of heaven, call me. I'm always happy to share the beauty of the bay and my expertise in guiding you to find your treasured spot to call home.

Marlene Henderson, Broker/Realtor
MoeBEST-Henderson Properties and
Property Management

831-429-9091 Anytime

The Altruistic approach to Real Estate

2012-01-23T21:32:00.000-08:00

Well, here we have the latest and greatest vehicle by the administration to get some troubled assets or just some derelict properties cleaned up. Know of any idle millionaires with spare change laying about? A few slum lords that need a $ boost to spur things along? or just your average 'Joe' or "Josie" that would like to improve the community! This is all about revitalizing communities and giving dying areas a second chance.
This could be another paperwork nightmare with more bureaucrats with new jobs they don't know how to do or it could be a 'Golden Opportunity' for some truly altruistic types. I would really like to help the latter.
Since selling Real Estate is my passion, Call me. There are truly TONS of properties available and with the "Just introduced Gov't program" rolled out, there's no time to waste. I can lead you to all kinds of locations with a truly needy appeal and the market is ripe for the picking.
Make this YOUR year to make a difference and invest in improving something bigger than yourself.

It's almost FREE money

2012-01-16T17:36:00.000-08:00

The rates are AT ALL TIME LOWS, prices of Real Estate are what they were in the mid 90's, the selection is fantastic so . . . . WHAT ARE YOU WAITING FOR????
This week we will hear all the results of what studies have been worked on the numbers of the last half of last year. Predictions will be aired, prognostications ventured upon and a good ol rousing Ra, Ra, Ra for this upcoming year.

Well my advice is, if you have been waiting it's time to jump in!!! Don't just pay attention to the prices, it's those interest rates that are the real make or break component. Lock into a below 4% 'er and you will see how you are now paying less than if you were renting and IT'S YOURS. You can do what you want and not have to ask permission --- Home Ownership. Looking for that special place is as easy as clicking right here.

I'd love to get you all the info you need, to find the home of your dreams!

Marlene Henderson, Broker/Owner
MoeBEST-Henderson Properties and
Property Management

831-429-9091 Office
831-419-9091 Cell
775-588-3325 Nevada Office

Invest in YOUR Future Don't Let others decide

2012-01-13T08:10:00.000-08:00

I keep reading so much of the what’s, whys and who dunits of this Real Estate bubble burst, economy melt down, global financial crackup. All a lot of lip service, pontificating and finger pointing. Amazing! And by the ones that created it, run governments (ours mostly) and dictate policy and legislation that still perpetuate the problems.

The latest that I have been reading about since Aug. 2011 is the proposition to now take all the REO-Bankowned-Forclosed homes and turn them into RENTALS!! This to either be done through another Gov. run Program/Agency, more bureaucrats or incentivizing INVESTORS (hand picked???) to purchase these properties for use as RENTALS. This again would be more tax dollars spent, to disallow the free market to work, all at tax payer expense.

So the cycle will never end.

The debt grows higher, we have families that will always be renters, never invest in a home of their own and all continue to be taxed to the point of just treading water. All the while these politicians, unelected bureaucrats and so called experts collect whopping salaries, benefits and retirement packages that are catapulting our economy and country into the abyss of financial ruin.

With this abundance of properties available and the interest rates at all time lows, don't wait, till it's too late!

Make your move now!

Call me Marlene 831-429-9091
I'd love to help you find your home.

Look for so many possibilities on my website.
And check out a couple properties that have just come on the market. http://227paloverde.epropertysites.com/
http://1459highst.epropertysites.com/

Santa Cruz Rental with 3 Bedrooms 2 baths and 2 car garage 95065

2011-12-29T12:19:00.000-08:00

Santa Cruz Rental with 3 Bedrooms 2 baths and 2 car garage 95065 in the wonderful secluded Santa Cruz Gardens neighborhood. Home is seculded and across from community Pool in the respected neighborhood of Santa Cruz Gardens.

Fully fenced back yard with patio ready for your bar-b-q's and a great place for the little ones to play safely with a low maintenance! yard!

Updated tile kitchen with beautiful cabinetry that makes cooking a joy. Hardwood floors through out home, that has a floor plan allowing for both congenial entertaining and privacy. Cozy woodburing fireplace in living room and forced air heating system. Two car garage with laundry hookups .This wonderful Santa Cruz Rental with 3 Bedrooms 2 baths and 2 car garage home will be available in Jan. 2012.
It backs up to 10 acres of undevelopable land which affords the quiet of the woods.
With beautiful hardwood floors, freshly painted and professionally cleaned, this home will be a delight for anyone.
A current credit report to be submitted with application. Employed responsible adults, no pets, smoking, drugs.
Home will be available the first part of January 2012
The monthly rate is $2850.
Deposit of $4350.

Santa Cruz Rental with 3 Bedrooms 2 baths and 2 car garage 95065

209 Serrell AV, Soquel, CA 95065 Soquel CA 2850 95065 Marlene Henderson (831) 429-9091Moebest-henderson Properties

Invigorate the Engine of Our Economy - Jobs

2011-11-07T10:25:00.000-08:00

Create your own video slideshow at animoto.com.

Jobs = Home Buying = Economic Recovery
Without the housing industry, we have no economic recovery!

Unless you have inherited a bundle, won the lottery or are on a Gov. pension, the simple dynamic is, a person needs to be able to afford what she/he wants to have.
This means solid, dependable, private employment of our population.
There is constant dialog on 'Economic Growth' but it all has no meaning if YOU are hurting!
Creating, supporting, encouraging and promoting independent private entrepreneurial endeavors is the key!
The Housing Industry relates to most every aspect of our Economy. There are many, many industries that are supported by it. Construction workers, Const. Co's., engineers, heavy equip., raw materials, building materials, appliances, trucking, property taxes, City/State/County services, architects, banking, title Co's, ME, etc., etc..
When the housing market is in a slump, so many other parts of our economy dry up.
Support local private businesses and industry.
Shop local and promote those businesses that have proven track records.
Network amongst complimentary businesses and join Business Groups.
A local Santa Cruz group to engage in is Business Professionals of Santa Cruz County

Disaster Preparedness Plan 101

2011-10-24T15:06:00.000-07:00

How soon we forget our own major disaster of 1989, the Loma Prieta Earthquake. It change and ended lives, was a major pause in the San Francisco Bay area and our own Monterey Bay. Nary a mention in our local newspaper - amazing! But we did get a suttle reminder Oct. 20, just last week. Just keep'in us on our toes!
Even when life is going great, it's wise to make sure you have you and your families safety planned for. A few tips follow, for all of us to have at the ready when disaster of this type strikes.
Start with a plan for any disaster. Keep your Disaster Preparedness Management Plan up-to-date, get into the right habits and disasters turn into an exercise in confidence and control of your life, helping and teaching those around you personal responsibility and care.
Once you determine you and yours are OK, see what you can do to help others including our four legged friends.

The times, they are a change'in make them for the better.

Marlene Henderson, Broker/Owner
Moebest-Henderson Properties and Property Management

We always think of more that just selling homes!

Private Property Ownership = Liberty!

2011-09-16T12:01:00.000-07:00

Read this great article by our NAR President Published in the Washington Times, want to share it with all of you since it really sums up what is important in our country!

Another take on why Home Ownership is so important to America and how things went awry! The American Dream is the result of hard work, sacrafice, and responsible spending. Life always throws curves, its how you deal with them that proves out the character and resourcfulness of an individual.

This is a definte possibility if the economy worsens and jobs arn't allowed to be created. Your tax dollars at work for those that don't.
Our NAR has a response to this and it is definitly structured to aid the homeowners, small inverstors and keep Government out of the home buying and selling business. If the private individual is allowed to purchase property he is qualified for, why make the housing industry stay on the ropes??
The engine of our economy will contine to struggle if the Government continues to intervene, create unnecessary agencies, bureacracies and regulations that hinder this normal process.

I love to do what I do BEST.
Call me, I'd love to see YOU in the American Dream

Marlene Henderson, Broker/Owner
MoeBEST-Henderson Properties and
Property Management

831-429-9091 - Office
831-419-9091 - Mobile

Do'in it right the first time, saves money

2011-09-14T09:00:00.000-07:00

So you wanted to save some money . . . .

We all want to spend as little as is needed, especially when it is not on the fun stuff. Insulating the attic, home repair and improvement that is not seen, having a new roof put on because of a roof leak. It has gotten rather popular to venture into the DIY (do it yourself) experience, watch some videos on how to replace windows and give it a whirl yourself.

Well that old adage of measure twice, cut once will fit right in here. Do it right, with the right tools and the trained/experienced professional the first time and you won’t have regrets. Cut corners . . .

and the aggravation of finding out several years later that someone forgot to put something together right, can really be disruptive to your living environment. Let me tell you!

No matter what the area of expertise, the right professional, with the right tools is what will save you in so many ways in the long run.

When it's Real Estate, there is so much to be aware of. Whether it be purchasing, leasing, having your property managed or selling, to not know the laws, regulations, or local codes, could cost you, not just finacially. The stress and wasted time are incalcuable. It's so important to choose and experienced, qualified professional Realtor.

Professionalism Distinguishes the Best!

Marlene Henderson - Realtor/Broker
MoeBEST-Henderson Properties and Property Management
831-429-9091 Office
831-419-9091 Mobile

THIS REAL ESTATE MARKET STINKS!

2011-09-01T15:44:00.000-07:00

Eh, Maybe not!
Yes, prices have declined - but weren’t they over inflated in the first place, rising at unbelievable leaps and bounds since the mid 90’s??
The unfortunate manipulation of the banking laws, the interaction between commercial banks and investments houses and the blind eye by Congress instead of oversight and protection of Americas’ financial interests at home and abroad set the stage. Greed and excess has run it’s course like a juggernaut, inflicting indiscriminate destruction. Many, many people have lost homes, most that didn’t qualify for home ownership in the first place and some are those that are the unfortunate victims of job loss or cutbacks because of the economy and the myriad of life changes that have a financial impact.
Yes, there is a shake-out going on, a blood letting for some and a rude awakening for those that were riding high on someone else’s dime. None of it FAIR!

But there are tremendous opportunities going on as long as one is qualified. Prices have been reduced dramatically, if it is a distressed property, and the supply is plentiful.! Interest rates are at historic lows so this actually is a tremendous time to buy Real Estate, if you qualify for loans or have that magical item - CASH. Amazing how many investors do!!

Look around my website - there are so many Deals to be had both in Santa Cruz and my beloved Lake Tahoe.

Here is a property that is absolute GOLD, don't miss it.

Call me, I'd love to help you live the life you love!

Marlene Henderson
MoeBEST-Henderson Properties
and Property Management

00599374 Ca/ 002598 Nv

831-429-9091 Office
831-419-9091 Mobile
775-588-3325 Nevada

Liar Loans - AGAIN?

2011-08-29T09:05:00.000-07:00

Can't believe this is in Full Swing again. Where are the regulations, regulators, Congressional oversight, the transparency?
Why are these loans being offered again? This is what exacerbated the problem of No enforcement of regulations, and No Congressional Oversight, all the while, well connected politicians were reaping these loans, along with the 'folks'!! and it wasn't the top of the Food Chain that went to prison, just the average Joe.
Yes, this was just one of several facets that caused this Real Estate bubble to burst, so why quietly get this engine up and running again??
What ever you do, DON'T get caught up in this second round of deceit. It will only bode ill for you and your finances. A part of this puzzle that is not 'Found out' till after the signing of doc's are all the details no one bothered to tell the borrowers. Time/money triggers or Balloon payments that are the downfall of many a family.

There are plenty of loans out there for those that qualify. If you can't afford to own a home, that is just the way it is. Responsible spending, saving and just plain old living within your means should be the norm not these crazy gymnastics created by politicians for votes!

For honest, proven Lenders and Mortgage Brokers that won't sell you down the river for a commission, call me! I have worked with the BEST and have proven them out!!

http://www.bestsantacruzproperties.com/

Marlene Henderson, Broker/Owner

831-429-9091

Interest Rates at Historic Low's - AGAIN!

2011-08-19T09:16:00.000-07:00

This is such a great time for buyers or real estate - Any where!
There is so much available, quality properties, great investment properties. Even if the rates drop again, you are only securing the great deal you already commited too! Why wait for someone else to get what you could of had and added some quality and stability to your portfolio?

http://tinyurl.com/3zogvp8

Here's one of my winners - a real Gold mine on the Upper Westside of Santa Cruz, Califorina

http://animoto.com/play/gGTlFXcvetk3YNWwrAbXHw

For property searches - to see what is on the MLS throughout our area and BEYOND!
Go to My Website: www.BestSantaCruzProperties.com
Facebook: http://www.facebook.com/moebesthenderson

I'm not hard to find: 831-429-9091 Office
831-419-9091 Mobile

Is Real Estate a little Off?

2011-08-12T09:04:00.000-07:00

Yes, the Real Estate Market is a bit out of kilter, but this is an incredible time with interest rates at historic lows to BUY YOUR FIRST HOME.

Make this your time to take advantage of these incredible low, interest rates, prices for this area and the phenomenal abundance of great properties in one of the most beautiful spots in the world!

There are so many GREAT properties and the tax incentives are fantastic, This one is GOLD just waiting to be mined!

Call me, I would love to help you make the BEST decision of your life, with all the BEST local professionals at your disposal.

Marlene Henderson, Broker/Owner
MoeBEST-Henderson Properties and
Property Management

831-429-9091

831-419-9091

http://www.facebook.com/moebesthenderson

http://twitter.com/#!/bestmarlene

Away from the maddening world!

2011-08-01T18:19:00.000-07:00

Take a break, watching this is as if you were on vacation!

Just out side of Parma Italy.

http://glozal.com/video/video/show?id=6321284%3AVideo%3A175311&xgs=1&xg_source=msg_share_video

Moving Blues

2011-07-28T13:27:00.000-07:00

I was so glad to see this article since I just experienced this my self.
http://glozal.com/profiles/blogs/moving-scams?xg_source=msg_mes_network
The scammers never cease to invent new ways to cheat, lie or otherwise perpetrate a fraud willy nilly on whom ever, especially the least that can afford this kind of deceit. So beware of these ones, they are in high activity mode with all these home losses.

Going to the Wharf to Wharf??? Afterwards see this!!

2011-07-21T15:42:00.000-07:00

A Westlake Classic

Perfect place to come to after the Wharf to Wharf. Relax, visualize and wander about the property implanting what you could create living in this home. Fabulous gardens, fountains, pool, tennis court, guest house all within walking distance of Schools, shopping, hiking trails, spectacular views and world class cultural venues.

I wouldn't lead you astray this is worth the time!

True Friends - A Health Tip!

2011-04-06T12:12:00.000-07:00

A Great Gal pal sent this to me recently and I want to pass it along as a "Health Tip". Don't discount True Friends!

Hi ~

An interesting and informative piece for women about friendships ... They Teach It at Stanford

A friend of mine just finished taking an evening class at Stanford. The last lecture was on the mind-body connection - the relationship between stress and disease. The speaker (head of psychiatry at Stanford) said, among other things, that one of the best things that a man could do for his health is to be married to a woman whereas for a woman, one of the best things she could do for her health was to nurture her relationships with her girlfriends. At first everyone laughed, but he was serious. Women connect with each other differently and provide support systems that help each other to deal with stress and difficult life experiences. Physically this quality “girlfriend time" helps us to create more serotonin - a neurotransmitter that helps combat depression and can create a general feeling of well being. Women share feelings whereas men often form relationships around activities. They rarely sit down with a buddy and talk about how they feel about certain things or how their personal lives are going. Jobs? Yes. Sports? Yes. Cars? Yes. Fishing, hunting, golf? Yes. But their feelings? Rarely. Women do it all of the time. We share from our souls with our sisters/mothers, and evidently that is very good for our health. He said that spending time with a friend is just as important to our general health as jogging or working out at a gym. There's a tendency to think that when we are "exercising" we are doing something good for our bodies, but when we are hanging out with friends, we are wasting our time and should be more productively engaged—not true. In fact, he said that failure to create and maintain quality personal relationships with other humans is as dangerous to our physical health as smoking! So every time you hang out to schmooze with a gal pal, just pat yourself on the back and congratulate yourself for doing something good for your health! We are indeed very, very lucky. Sooooo let's toast to our friendship with our girlfriends. Evidently it's very good for our health." -

A Charlie Sheen Day

2011-03-06T19:42:00.000-08:00

While sitting on yet another ‘Open House’ with intermittent rain coming down, praying for that elusive qualified buyer to walk through the door hopefully with an agent that has done all their homework, I start to ruminate on over thirty years of Realtor experiences. This never gets boring!

Could write a book with some of this stuff!

Some of the stunts I have experienced have been wild, nauseating, funny, Be-zar!, and epic!

What triggered this post, was a time, 25 years ago, I was previewing properties for someone wanting to be in the mountains - a remote retreat to --- get away from it all.

Plotted out a few to check out, made appointments days in advance, called the morning of, and called to give each occupant their 15 minute warning call! You would think that would eliminate any one being caught ‘off guard’ right!

The first home and mind you this is 11 a.m., was a real Charlie Sheen moment! Knock, ring bell (literally a bell), a female comes to the door with a vacant stare, I explain who I am ( as if it mattered) she allows me in through a haze of smoke filtering around house, I proceed into the main open area, am offered a Hooka tentacle and told to make my self at home and what am I looking for?? Miscellaneous persons laying about and the remnants of all kinds of debris intermingled in the scene. Must have been going on like this for days. Peace and Later - much later!

The second mountain home ‘viewing’ was of the same vein. Went through the calling/warning ‘I’m coming’ routine. Knock on the door, ring the bell, knock, ring - use lock box! Open door, yell REALTOR!! Yell some more as I proceed. Go upstairs - HELLO -REALTOR, poking around, opening doors, talking loudly, push open bedroom door to ---- a couple definitely enjoying the SHOW they were putting on. Not a word was said, they didn’t miss a beat and I decided they were not even the least bit interested in selling this house.

My last stop of the day, it was about 1:00 in the after noon and I am greeted at the front door by a towel draped woman (the owner) 50ish, blithely wilting around, clutching this towel and ready to drop it at the slightest hint of interest. Being stunned/repulsed by this show, I after taking a couple steps inside, spun on my heel and made a hasty exit. No excuses rendered.

Later that week, having an inspection done on a property in escrow, the inspector and I were greeted at the front door by the owner in his Birthday suit! He asked if he would be needed for anything or if he could accompany us. He was advise to dress otherwise he could end up losing something and a pair of sturdy shoes would be advisable too!

This business uncovers some very lonely and depraved folks out there. It also airs real life. To be a Realtor you have to develop skills way beyond tracking interest rates, neighborhood sales, comparables, the Best schools. This is a real ‘slice of life’ business.

I’ve got more! Fill you in soon!.

Healthcare law, new taxes, selling homes, investments taxed

2011-01-19T08:29:00.000-08:00

This is an important piece of info anyone that owns Real Estate has investments, stocks, dividends should be aware of. This is in the Health Care Law signed March of 2010.

When considering a sale of any of these assets and several others, you should consider this before you make a change!

http://www.realtor.org/wps/wcm/connect/aa91b2004493f31781a8c35d6aeab3b5/government_affairs_invest_inc_tax_broch.pdf?MOD=AJPERES&CACHEID=aa91b2004493f31781a8c35d6aeab3b5

French County in Tahoe - close to everything

2011-01-10T17:55:00.000-08:00

It's a New Year with Great Opportunities!

What a lovely home! Three Bedrooms, two and a half baths of Quality Construction in 3000 Sq. Ft. in a neighborhood close to Heavenly, all for $419,990. UNBELIEVABLE! This is Bank Owned (REO) - ready for an Owner!

HomePath Financing Available!

If this is not your Joie de Vivre sign-up for my auto search and find out what else is available!

http://www.moebest-henderson.com/

Many great Tahoe Properties at 1990's prices.

Marlene Henderson, Realtor/Broker Ca/Nv. 00599374/0022598

831.429.9091 LandLine

831.419.9091 Airphone

775.588.3325 Nevada Office

Real Estate Deal of the Week in Santa Cruz

2011-01-09T16:19:00.000-08:00

This is Bank Owned (an REO) - Brand New home that builder lost. Across the street from an elementary school in a well established neighborhood.

If a quality home, with top notch materials and features are what you are looking for, don't pass this one by. Three bedrooms, two and a half baths and bamboo floors - $799,000.

http://www.bestsantacruzproperties.com/ for more info or Call: 831-429-9091

Marlene Henderson, Broker/Owner

MoeBEST-Henderson Properties and

Property Management

Realtor - Calif. and Nevada

#00599374

Start the New Year Right at Home!

2011-01-01T10:12:00.000-08:00

With over 30 years of handling all phases of Real Estate transactions and viewing properties. This one 'Grabbed' me.

Create your own video slideshow at animoto.com.

Is it time to live the 'Good Life'?

Communication is the Key on Mortgage Interest Deduction (MID)

2010-12-13T17:07:00.000-08:00

This excerpt from Housing Watch Dec. 6th 2010

In case you missed it, The National Commission on Fiscal Responsibility and Reform, released its recommendation last week, including the proposed elimination or limitation to the mortgage interest deduction ("MID") for homeowners.

In brief, the commission proposes to limit the mortgage interest deduction to only primary residences (today, they apply to second homes as well), and cap the deduction to $500,000 worth of mortgages (today, it's $1 million).

As you can imagine, the real estate industry is in quite an uproar over any changes to the mortgage interest deduction.

Ron Phipps, the President of NAR, has issued a pretty strong statement in opposition, calling the mortgage interest deduction "vital to homeownership and the economy" and vowing to "remain vigilant in opposing any plan that modifies or excludes the deductibility of mortgage interest". The National Association of Home Builders is also, as you can imagine, opposed to messing with the MID.

What could they be thinking??? The housing industry isn't taking a big enough beating?? Maybe the Bureaucrats are just trying to justify their existences!!

This is definity something to call your congressperson about.

Lighting Tips for the Holiday's

2010-11-30T12:57:00.000-08:00

Outdoor Lighting for Curb Appeal and Safety

Well-planned outdoor lighting improves curb appeal, safety, and security for your home. Read
Holiday Lighting Safety Checklist

Before you plug in and light up for the holidays, run your decorations through this quick safety check. Read

Visit houselogic.com for more articles like this.

Investment Advice from someone in the know!

2010-10-21T14:51:00.000-07:00

I couldn't of said this better myself!
http://For Your Clients: 6 Reasons Why It\'s Smart to Buy a Vacation Rental Home"

What Buyers have been waiting for!

2010-09-30T13:13:00.000-07:00

Create your own video slideshow at animoto.com.

">The Possibilities are unlimited!

Bank Owned Homes in Santa Cruz County.

2010-09-16T16:40:00.000-07:00

Create your own video slideshow at animoto.com.

Check out this article from the Wall Street Journal on home buying too!
http://www.car.org/media/pdf/consumer/Beyond_the_Headlines__091610.pdf
There's nothing much to say, just take a look at all the possibilities!
MoeBEST-Henderson Properties and Property Management
831-429-9091 - Office 831-419-9091 Cell Call Now!

Mortgage Help for Home owners

2010-08-13T12:01:00.000-07:00

From the Sacramento Bee

42,000 of California’s jobless will get help with mortgages
The U.S. Treasury Dept. announced yesterday it is providing additional funding to a California program to help homeowners struggling to make their mortgage payments due to unemployment. The program, administered through the California Housing Finance Agency (CalHFA) will assist struggling borrowers make up to six months of mortgage payments. Lenders will be asked to match the government contribution.

MAKING SENSE OF THE STORY FOR CONSUMERS

The program aims to help 19,000 unemployed borrowers in California between its November launch and next July. An additional 23,000 borrowers will receive help over the next two years, according to CalHFA estimates.

To qualify for the program, borrowers must be unemployed and eligible for unemployment benefits, and live in the home tied to the mortgage. Borrowers must be fewer than 90 days behind on mortgage payments and meet low- and moderate-income guidelines. Income requirements can be found at http://keepyourhomecalifornia.com/income.pdf.

First Time Home Buyer Program W/Housing Authority - Santa Cruz, Calif.

2010-08-04T12:47:00.000-07:00

MCC First Time Home Buyer Program now available!

Great news! The Housing Authority of Santa Cruz County just released the MCC (Mortgage Credit Certificate) allocation for 2010. But there are only 7 available!!!

What does this mean for a new home buyer?

A first time home buyer may qualify for this tax credit of 20%. For example, on a $400,000 mortgage the buyer will recieve about $4,000 a year from the government! That's over $300 per month.This program is by far the best first time buyer program, and not only puts money back in the pocket of the home owners, but also helps them qualify for the new mortgage.

Call me for the details on income and sales price limits

Marlene Henderson, Realtor, Owner/Broker - Ca/Nv
MoeBEST-Henderson Properties and
Property Management
Calif Lic. 00599374
831-429-9091 Office
831-419-9091 Air Phone

www.BestSantaCruzProperties.com

Quintessential Tahoe Cabin on the Edge of Town and the El Dorado National Forest

2010-07-10T21:40:00.000-07:00

Quintessential Tahoe Cabin

When a property comes on the market this special, I can't wait to let as many people know as I can.This cabin on the meadow has all the charm you could desire in a Tahoe Getaway property. No fuss, no muss just come relax and enjoy what Tahoe is all about! This Two bedroom, one bath cabin looks out on a meadow in the Eldorado National Forest. Edge of town location removed from the busyness South Shore can be. Call for more info 1-831-429-9091.

Create your own video slideshow at animoto.com.

Lake Tahoe Hideaway

2010-07-05T18:36:00.000-07:00

Some of these places are too good to keep to myself.

Imagine, the quiet, the smell of the trees, being able to bike or walk in outrageous areas, the Beautiful Lake close by.... ahhhh -tAHoe!

Call me if you want to know more about this sweet home 831-429-9091

GREAT Real Estate Opportunities

2010-06-21T13:36:00.000-07:00

With all the incredible properties out there for sale, it is hard to not want to put everything out there. What I have done here is just put a sampling of properties I come across that I know are terrific locations and prices in locations that can't be beat. Most are Bank Owned (REO's) or short sales. The one auction coming up is A RARE situation in an incredible community at Lake Tahoe. If you have immediate CASH, have always been wanting that family compound built with true quality materials, architechturally stunning and the layout is so perfect, this is it!! CALL ME for the info packet, AUCTION IS JULY 15 on site. THE Back Road, Glenbrook - Lake Tahoe, Nevada. Don't worry there is only one, you won't get lost!!

I always post these great finds on my facebook page since that is the most accessable to the public. You can go on my website to further search the MLS system for more properties and better yet just call me so I can relay propertis that I may not have posted anywhere yet.
This all takes time and I am pretty busy with managing and inspecting too.

http://www.facebook.com/#!/pages/MoeBEST-Henderson-Properties-and-Property-Management/139443654934?ref=ts

Set yourself up for Success

2010-06-16T11:37:00.000-07:00

Herb container gardening
My herb garden at home is a container garden. The doorway from our kitchen opens onto a paved area, so this is the perfect answer for my situation. All things being equal, I think this is probably the best style for me. I like the informal jumble of pots by the kitchen door, and I can bring my rosemary and lemon grass in for the winter with very little fuss. The different glazes and textures of the pots lend color to what could have been a very green garden, and containers allow me to adjust soil mixtures to suit specific plants. Window-boxes are another form of container with all the benefits previously mentioned, plus the added attraction of being just outside a kitchen window. To sum up, containers are easy and fun. I highly recommend this style of gardening, especially to those just starting out. Who knows what this could lead too! Tomatoes, pole beans, peas, corn :-), pumpkins. Really live it up!!
Happy gardening

Santa Cruz Ca. Real Estate is Strong and here's the proof!

2010-05-29T19:34:00.001-07:00

We all have been waiting to hear "Where is the Market Bottom". Do you see signs of recovery? How long before it's over?
The first thing you need to understand is, All markets are 'Local'. When you start paying attention to 'National Statistics' you are 'globalizing' when you need to be 'localizing'
With that said, let's dive in.
What's been feeding the supply and dragging the prices down? What caused the bubble? The pain and the crushing of peoples plans for their retirements?
There are so many factors and this had taken place over several decades of regulation and law changes by our Government, the Greed factor, dishonesty by many in several areas in our business sector to create the perfect storm of collapse.
In the past several years, the steady price decline has been punishing and only those that have had to sell, 70% being the 'distressed seller' (see past posts), the other 30% seeing signs in their portfolios of unease and deciding to make a move before they have too!!
Well, I can't say it is over and from what I hear at conferences and seminars all by noted professionals in my industry, we are about to see a new wave of properties coming on the market by the 'Banks' holding back REO's.
The bright side is that with this pent-up demand by those wanting to make a change, many renting to see which way the wind is blowing, Buyers are striking in a fevered pitch those REO's, short sales and many of the lower priced homes with multiple offers. The market is primarily focused on the $700,000. and below range and one can get a pretty nice property for that. If you check out the following published info you will get a feel for what is happening. The underlying facts to come away with, are that Santa Cruz is very desirable! No matter what the climate in the markets are, our little hidden gem, is still in demand.
To the 'Outsider' it offers World Class access to natural surroundings that enchant, enthral and effect one in a mystical way. The ability to fit in and grow into what you want to be anywhere in the county makes Santa Cruz such an attractive and receptive home.
To the 'Locals' the traditions, secret spots, natural beauty that is just normal to us, activities that are ingrained, the perfect weather and the varience of riches that keep many of us calling it home.

There is an ambiance to Santa Cruz. It has a draw that is world class and scenery that is UNBEATABLE! I have walked, hiked, run, swam, kayaked, biked, etc. many a spot, Santa Cruz is a destination place, that can satisfy so many pleasures. This demand will not go away any more than the sun will stop shinning.

http://www.santacruzsentinel.com/localnews/ci_15156003

Why not be Remarkable?

2010-05-25T15:39:00.000-07:00

Why not be Remarkable?
Got these words of wisdom from someone a while ago and feel compelled to pass them on. We can never stop working on making us better to make the world a better place!

33 Ways To Be Remarkable and Stand Out

Live Your Own Life
There is nothing remarkable about someone who is constantly trying to be like other people. Be yourself and be the best you that you can possibly be.

Be Authentic
Mean the things you say and do. Authenticity is not very common these days but when it is there, it shines through your words and actions and is very powerful for creating bonds with others.

Come Up With Your Own Sayings
Come up with your own quirky and original sayings. People will take notice and it may even catch on. By coming up with your own original sayings you stand out from everyone else who just uses clichés.

Leave Others Better Than You Found Them
Make it a habit to leave people in a better state then you found them. Happier, healthier, stronger, wealthier. This is a major way of being remarkable.

Help People Without Wanting Anything In Return
Volunteer to help other people out. Give some of your time, money or resources to help a fellow human being and expect absolutely nothing in return.

Don’t Try To Be Perfect
Be creative and abstract instead of trying to live up to other people’s expectation of perfect. You can achieve great and beautiful things without them living up to the general consensus of perfect.

Face Your Fears
People who avoid things because they are scared will never be remarkable. Face your fears and conquer them. Do you think Lance Armstrong would have been remarkable if he had given up cycling after he had cancer?

Take The Plunge
Be that person who does what others won’t do. If others are too scared to attempt something that you are not scared to do, just go out and do it with all your passion and energy.

Question The Norm
Just because something is done by millions of people around the world in a certain way does not mean it is the right or the only way to do something. Question the norm and don’t be afraid to do something differently.

Expose Yourself
Get up on stage or in front of people. Risk putting your ideas and creativity out in public, available for criticism and humiliation. What if Jay Z would have been to scared to perform in public and kept all his talent and art to himself in his basement?

Start Your Own Tribe
Be a leader instead of a follower. Build up a community or tribe of like minded people who will follow you and use your power to make a difference for the better in this world.

Say NO To Things
If something goes against your principles or you don’t really want it, say NO. You might risk offending some people, but most will respect you for having strong boundaries and sticking to them.

You Are Enough
Have the mindset that you have all the assets to be remarkable. You have talent and you have a gift. Share it with the world.

Be Optimistic
Optimism and smiles are contagious. Make the world a happy and positive place.

Be confident
Know what you want and be confident that you are going to get it. I think that all remarkable people share the trait of confidence.

Be Humble
Arrogance and vanity are not traits to associate with people you respect and think highly of. No matter how good, famous or wealthy you are, stay humble with both feet on the ground.

Create something that brings joy to other peoples lives
Art, a painting, a video clip, a film, a song, a poem, a book and so on and so forth. Be artistic and express your talent in a form that it can be shared with everyone without the expectation of getting rich from it. It’s your gift to the world.

Invent something that everyone needs
The disposable razor or a cigarette lighter for example. There could be one little thing that seems so simple yet will make the lives of millions of people so much easier.

Take something that works and make it better
The Japanese are pretty good at this. They took a normal train and change it into the fastest train in the world (bullet train). Take a normal and existing concept and make an exceptional change to it.

Start a movement
People look for a leader, someone who takes charge and takes initiative. Someone who has good intentions and wants to make a big change for the better. Be that leader and start a movement to change something that is not right in this world.

Fight for peace and freedom
All around the world there is so much unnecessary war and suffering. It seems impossible for one person to make a difference, but if everyone thinks like that, things will never change. Stop a war or change violent policies of a country and you will be remarkable.

Preserve our planet
Rainforests are being destroyed, species wiped out, oceans overfished and beautiful ecosystems perish. Make a difference and start a movement to do something about the destruction of our planet.

Help the hungry
There are so many people dying of hunger all around the world every single day. Do something to make a lasting difference. One idea I had was to get every person travelling on a plane to forfeit their meal for the hungry. A combined effort by all passengers would result in thousands of meals a day that could be given to hungry people all across the world.

Push the limits (break a record)
If you can do something that nobody else has been able to achieve, then you will not only get noticed but you will certainly be remarkable. You may just be the psychological inspiration for many others to get past the level that was always thought of as unbreakable.

Revolutionize an industry
Waltz into an industry or niche with a great idea or new perspective and put that idea in motion. If you can improve or revolutionize the way an entire industry does something then you are pretty remarkable.

Tell Compelling Stories
Stories are an amazing way to share knowledge and experiences with others. If you know how to create compelling and fun stories, you can make a big impact on the lives of others. That’s remarkable.

Think Better
Be a step ahead of everyone else. Think faster, better or more efficiently.

Read More Interesting Things
The more you read, the more you shape your personality. The more interesting things that you read, the more likely you are to become an interesting (and remarkable) person.

Don’t Be Boring
One requirement of being remarkable is that you are not boring. Be original, fun and get things done.

Stop Making Excuses
Either do something or don’t do it at all. Don’t be someone who always has excuses to stall doing something or justify why you didn’t do something.

Never Settle For Average
Never be content with average or mediocrity. When other people give up and settle, carry on going and be better than them.

Do What You Say
If people can rely on you and they know that when you say something that you will do it, you are well on your way to being remarkable. If you make a promise, keep it.

Don’t Aim To Be Remarkable
As contradictory as it sounds, most remarkable people never set out to be remarkable. They did what they loved and were really passionate and that is what got them to being remarkable.

The Next Wave of Foreclosed Properties - Here they come!

2010-05-23T17:59:00.000-07:00

As mentioned in a previous post, the foreclosures, REO's, short sales or just plain ol' properties in distress will be making a robust appearance in June 2010 as advised by CAR ( Calif. Assoc. Of Real Estate).
With my re-certification or basically updating of information from all the new regulations that have been cascading out to REALTORS with this steady supply of distressed properties I have a current understanding of the latest criteria available to buyers for these properties. This is not my chosen source for buyers but now that Banks own them, there is no alligence an agent feels to this "seller". Some spectacular prices now on many of these properties - typically 50% off prices of 2005!! The qualifying criteria is very stringent but if this is to be your HOME and you are setting down roots, what a great opportunity!
Check out these several links to see some of the gems in Tahoe and Santa Cruz that are truly bargins.

REO Buyer Financial Updates May 2010

2010-05-08T16:53:00.000-07:00

Just got my current Residential REO Buyer Specialist Certification, put it to your BEST advantage!!

This is the latest info on REO Foreclosed homes that has come down the pipe through CAR (Calif. Assoc. of Realtors)

With a new supply of foreclosed home coming on the market expected in June according to Credit Suisse, CAR and many national banks are stepping up to the plate and 'training' agents/brokers on what each individual bank wants to see from a BUYER. The guide lines are similar but in this new day of personal responsibility the qualifying perameters are pretty --- well, REAL! And thats a good thing!!
Most of this is what used to be in the good ol' days.
Buyers/users are being required to have a minimum of a 660 credit score, this is down from a 720 recently.
Two years fully documented income and last quarter investment accounts.
If self employed
Two year tax returns
Rental income, corporation or partnership schedules, social security or other retirement income schedules for the past two year.

Qualifying Debt Ratios

The 'front' ratio for a conforming loan is 28%, 33 for a non-conforming loan, and 31% for FHA. There is NO ratio used in VA loans.

The 'Back' ratio or the total monthly debt of the buyer for a conforming loan is 36%, 40 for a non-conforming and FHA is 43%. VA in computed by a different manor and the ratio is 41%.
Mortgage Insurance come into play here also when a buyer puts down less than 20%.

Fixer-upper - REO's plenty of room in loans to rehad these and well, there are many other details and loan packages that have been devised to get these ones moving.

Just give a call, I give you the low down!

The Lending Institutions - The rest of the Story!

2010-04-10T10:14:00.000-07:00

Part Five of a Five part series
Lending Institutions
(NON- living, breathing entities)

A quote that should be etched over the entrance of every lending institution and Congress!

During Times of Universal Deceit,
Telling The Truth is a Revolutionary Act - George Orwell.

Things to do before you read:
Here’s a little homework before you get too far along.

1. Research Glass-Steagall Act 1933
2. Repeal of Glass-Steagall Act 1999
3. Look up Resolution Trust Corporation (RTC) 1989
4. www.sfweekly.com/2010-09-01/news/why-obama-s-mortgage-relief-program-failed/

Now that you have a better understanding of the regulations that have been created, played with and lessons learned that are being ignored - we will proceed.

Money, ahhhh money! It can be a source of security, used to purchased ones basic needs, benefit those in need, provide items of satisfaction to the ego, but All to often it spawns GREED!
Think, Madoff, Rothstein, Ponzi anyone??!

BANKS --- These are the places we have traditionally come to for financing large purchases and to a certain extent we still can. BUT the game plan has changed.

We have gone from the mid ‘90’s and mid 2000’s basically with Lending institutions giving money away to anyone with a pulse, by pressure from Fannie Mae/Freddie Mac run by politicians that wanted not only the economy to seem bountiful but to catapult the populous mindset from a “Chicken in every pot” to “A home OWNER under every roof”!!
This ideology, lacking reality, creating an environment of Corruption, set in motion the inevitable “Bubble to BURST“.
Now, currently highly qualified people, applying for loans, having to disclose/explain why a payment three years ago incurred a late fee because you forgot to put a stamp on the envelope - and still being run through the ringer!!

The Banks are holding on to money- typically taxpayer bailout money - tighter and longer for many reasons.

The most prominent is the state of flux the world is in and the BANKERS don‘t want to be caught short. There are so many variables in play these days and I will only go into the Real Estate side.

With the quantity of Bank Owned homes and the unknown of how long they have to be kept on books , while maintaining them, paying taxes, clean-up/repair, etc. etc., when more will be stockpiled and for how long is a major factor in why banks are not letting loose of the cash. The short sales and what the loses will be, weigh on the picture and then certain gov’t regulations on modifications that are just starting to trickle out.
The second shoe should just begin starting to drop shortly too, with the commercial RE market.
Locally, we have been seeing businesses shutting their doors and having to walk away from their leases. The trickle-down effect is devastating on property owners that don’t have deep pockets. So, we go into phase two of the RE tailspin that will additionally be affecting lenders. They need to satisfy share holders/stock portfolios and all that keep the engin of our country running. With the current economic downturn, lack of business start-ups and jobs, that is the basis of the pyramid that is not being attended to.

So while the balance of not letting too many foreclosed homes drench the market while mostly investors soak up this supply, we the tax paying - Bailout supporting public, wait to see what next is in store on the horizon with the BANKS and all that controls the money supply

Picking Your Mortgage Broker/Loan Officer

2010-03-08T11:30:00.000-08:00

(Part four of a five part series)
You can’t beat experienced lenders/brokers! I mean the people you deal with face-to-face! Not the institutions.
Professionalism is what you are looking for here. The way they handle themselves, the words they pick, are they clear?, their presence, dress, grooming! Yes, you might say - huh! This is ALL important. If they have a sloppy appearance, demeanor - the transaction could be a rough ride.
Meet with several! Get to know this person - he/she can make or break the transaction!
The person you choose should know - DAILY - what is happening in the world of money. There is so much that drives the financial world quickly these days. They are not miracle workers, they are human. They should have back-up, a ‘team’ that you get familiar with. This person should give you the feeling of confidence and security that YOUR interests in this very important investment in your life will be professionally handled. How do they respond to questions? Can you easily understand them, the financial lingo? Are they speaking comprehendible, in shortcut speech? You should feel as though you are building a professional relationship here. Trust, confidence, knowledgeable, honesty. If you leave with anything less - keep looking! Call me, I work with several Great ones!

The Property - all the types!

2010-02-15T11:50:00.000-08:00

(Part three of a five part series)
If you are a seller, the value is dictated to a degree, these days on how financially sound YOU are (see previous post)! If you are current on your mortgage do not have financial distress, have been ‘smart’ about keeping the property maintained and updated, you should be able to get a decent price as long as you are not in a big hurry.

On the other hand if you are financially troubled, lost your job, behind in payments, (see previous post), expect to basically hand over the keys and have enough for a rental deposit.
Beyond all that, the basics still apply. Great location - it sells itself!
Shows great maintenance, fresh, pristine - it sells itself.
Well designed, color choices, décor/staging - it sells itself.

The days of sticking a sign on the front and counting on a buyers foresight of potential is gone for the time being.
I do see multiple offers but this is mostly on REO’s (Bank owned) that have been deeply discounted.

---Foreclosures, Short Sales, REO’s (Bank owned)

A key aspect of these properties is location/neighborhood - what’s going on with the rest of it!!!

The major issue I want to bring forward in this posting is to make you aware that these properties are more often than not, damaged goods. Many owners that are losing their houses don’t want anyone else to reap the benefits of a ‘cheaper’ home. I has become common for the last weeks of possession, owners destroy their houses. Sheetrock is sledge hammered, plumbing is ripped out, cement flushed down toilet, windows broken, cabinets sledged hammered -- ehh- you get the picture! If I can’t benefit from this no one will!
Then there are the hidden defects, things you don’t see. If you are pursuing Foreclosures/short sales - watch out!!
The tax liens, HOA dues and/or taxes in arrears, mechanics liens, and recorded judgments and deed restrictions that could jeopardize the value of your BARGIN! All of these things follow the property and the new owner can very easily be haunted by such for years.

REO’s are the safest of the bunch to pursue. The Lending institution provides the cleanest transaction. Taxes and HOA have been paid and you usually get a clear title. They typically hire a maintenance and repair Co. to do a basic clean-up. They will remove all the damaged members of the property board-up windows, change locks to make the property pretty secure. The new owner usually has a project to remedy for that 50%+ discount they have secured. Again, the wisest thing to do is get help from a professional, this is the biggest investment in your life!

The Sellers (part two of a 5 part series)

2010-02-04T15:58:00.000-08:00

There are the two basic categories -

Non-distressed and DISTRESSED

It makes a BIG difference which one you are in.

If you are clinging on by your fingernails to put food on the table and keep a roof over your head, there are those that can sniff you out and go for the jugular. Usually when that Notice of Default is filed, this is a clear sign.
I have seen how quickly word gets out when someone is down and the sharks begin to circle. By the way - this is a DISTRESSED SELLER.

For you just regular, keeping it together, sellers take heed.
This is the real world and unless you have a ‘Golden Goose’ in the backyard, you should act quickly, price your home competitively and pray! It is a wild ride right now in what determines which property sells and which one sits. Be smart, stage it, and mentally
move out!

There are factors out of your control and with more and more foreclosed homes due to come on the market, the banks making it very hard for the qualified borrower to get that loan, you will have to have a mountain of patience and a Real Estate Broker that is experienced and connected to many excellent resources. Hmmm … who could that be?
I don’t mean to make light of this situation BUT … until the tide turns having a concise plan of action laid out is the all important first step.
To get there, a pointed consultation with an Experience Real Estate Profession will make all the difference!!
(to be continued ….)

How's the Real Estate Market??

2010-01-30T11:18:00.000-08:00

The Real Estate World --- Is a multi-headed Serpent
Five part series

The question “How’s the Real Estate Market?”
has no simple way of describing all the factors that contribute to the volatility for this segment of our economy. From Banking, its regulations and lack thereof, politics, lobbyists, developers, local planning dept’s., and on and on. Only addressing the areas that are directly related, I will give it a go though!

We will start with the . . .
Investors/buyers.
This ranges from the single individual with mega cash to invest hence no credit score issues, to the two income couple with three children struggling to get into their first home on a hope and a prayer.

Where you are in this spectrum, determines the ease in accomplishing your goal and which directions you can take.

If you are in the “Cash Flush” Investor category, you can literally track foreclosures, show up on the courthouse steps and plunk down the cash on all kinds of bargains, I have watched, it is - stunning! The great deals are out there and are being snapped up. This is how the bulk of the sales of existing homes is happening now and with the ‘flipping regulation’ just having been removed, it is an investors game right now.

But if you are like the rest of us, the all important credit score dictates the next steps - which I will go into as we proceed. Hence many twists and turns.

The most important thing to learn is ‘Cash is King’. Even though you prove to the banks you are an excellent candidate for a loan, right now the purse strings are very tight even though they have been loaned ‘our money’! We could go around all day about the why’s of this but my sincere opinion is further trouble ahead with what is be designed in Washington and the ‘Banks’ don’t want to be the ones at the table that can’t find a chair when the music stops.

The BEST thing you can do is work with an experienced reputable Real Estate Broker and Mortgage Broker! Ones that have been through many of the historic cycles and are up-to-speed on the “latest” with what entities are offering the BEST package and the latest regulations being issues by the Administration. This is changing at a rapid pace and keeps those not professionals in the business, ‘off balance’
and causes unnecessary complications for professionals -
is this the ‘Change’ we were Hoping for??
(to be continued)

Anti-Flipping rule temporarily on hold

2010-01-21T17:00:00.000-08:00

In case you hadn't seen it anywhere else on my sites, this is a real boon to investors.

The Federal Housing Administration will place a one-year moratorium on its anti-flipping rule, which will allow buyers with FHA-backed loans to purchase homes that have been held for less than 90 days. This could be temporary according to HUD, but hopefully when inventory appears we can help our clients have a better opportunity to purchase. The waiver will go into effect on February 1, 2010.
For more info http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/19/BUR51BKBUO.DTL

Charmed for Lunch in Capitola

2010-01-20T09:13:00.000-08:00

http://www.bloomsburytearoom.com/

The Bloomsbury Tea Room

Well worth the investigation! Great food,service and ambiance!
After a couple attempts to try this little gem we succeeded. Even though a couple of trees were down and we sauntered through our rare rain storms.

The charming decor, the charming wait staff and owner and the food was delicate, delicious and perfect for an afternoon of dallying around.
I have always loved Capitola, lived here, worked here and now relish finds like this that keep it on my constant path.
This is locally owned, staffed and all components are fresh made.
You won't be disappointed - You Will Be Charmed!

Energized Santa Cruz

2010-01-19T16:24:00.000-08:00

This is the Santa Cruz I remember growing up! Windy, wild, energized.
The way one feels in a short time in this town. So much to see, do, accomplish and so much fun getting there.
Come along and enjoy the ride.

Santa Cruz's Perfect Garden conditions

2010-01-17T08:58:00.000-08:00

One of the greatest activities to be involved in, is Gardening! Or if you are really a devotee farming!
It revives the soul, makes one realize the basics of life and allows you to connect with a higher power.
While in the garden you not only see the beauty of nature, visit with all sorts or creatures but you get dirty and feel so good about it. The smells, tastes, textures of all you are around is invigorating and reminds you of what is really important and the cycle of life.
Don't pass up taking care of the earth and providing for the growth of something in what ever degree or fashion you can. Containers, strips around your condo, house or a section of your property. To tend the land, reap from it and share your labor whether it be edibles or flowers is such a gift.
Plant those seeds, tend the soil and spend time watching nature take root and develope into some of the most incredible creations.

Don't waste time thinking about it, the rains will soon be here and thats the best start to a gardens life.

The cabin at the lake

2010-01-13T17:13:00.000-08:00

Once you come here its hard to leave!

Still some benefits to moving!

2009-11-27T11:09:00.000-08:00

With the latest revision for Homebuyers, read up on the changes that make it attractive to make that move.

New $6,500 federal tax credit for “move-up” home buyers may benefit you

The federal government recently extended and expanded the federal tax credit for home buyers. The tax credit now concludes June 30, 2010 instead of Nov. 30, 2009, and also includes existing homeowners who meet certain qualifications.

MAKING SENSE OF THE STORY FOR CONSUMERS

Current homeowners are eligible for a $6,500 federal tax credit if they have lived in their current home for a consecutive five out of the last eight years, and the adjusted household income does not exceed $125,000 for single files or $225,000 for join filers.

The expanded tax credit went into effect Nov. 6, the day President Obama signed the bill. Homes that close escrow between Nov. 6, 2009 and June 30, 2010 are eligible to apply for the tax credit.

The legislation does not require homeowners to sell their current residence; however, the new home must be the primary residence and the price of the home must not exceed the limit of $800,000. Homeowners who plan to retain their current home as a rental or second home are advised to move into the new home the day escrow closes so there is no question it was the principal residence at the time of the tax credit.

Almost all housing types are eligible, including new and existing single-family homes, condominiums, manufactured or mobile homes, and boats that serve as the owner’s principal residence. Second homes and investment properties are not eligible.

Home buyers in 2009—those who close after Nov. 6, but no later than Dec. 31, can claim the $6,500 credit on their 2009 federal tax returns, or amend their 2008 returns. Similarly, eligible buyers in 2010 will be able to file for the credit on their 2009 returns or 2010 returns. All home buyers should talk to a tax advisor regarding timing decisions.

First time home buyers shouldn't wait too long!

2009-11-12T10:39:00.000-08:00

The outlook for getting into that first home is looking up. Income ratios, supply of available units and tax incentives are driving this positive reading. Jump on board - Good Things don't last forever!

http://tinyurl.com/ygnd6g9

Deed in Lieu

2009-11-08T10:10:00.000-08:00

There are so many tricky ways being tauted to stall the inevitable. Loosing your home. These are times to be wary of everything you hear and throughly check with agencies that have authority before getting your hopes to high!

Great article dispels many confused on the issue of 'Deeds in Lieu' give it a quick read and then you'll get it! http://tinyurl.com/yg3c3ju

Home Ownership Help - Finally!

2009-10-28T11:41:00.000-07:00

The following article will coincide with the previous post. Slowly but surely agencies are being formed to help homeowners.

http://tinyurl.com/yhn4mzf

Good Money After Bad

2009-10-26T18:01:00.000-07:00

A good read on the 'Bailouts' TARP, Lack of Accountability etc.,etc.
Oct. 2009 Vanity Fair Page 204. http://tinyurl.com/yh63daz

Loan Modification Help, Check here!

2009-10-23T11:03:00.000-07:00

Check out this website to assess if you can get your loans modified. The list of modifying agencies and specifics are all here. BEWARE OF ANY INSTITUTION ASKING FOR MONEY UPFRONT! This is usually a SCAM!!
http://www.hopenow.com/

Reality of Current Loan Modification Programs

2009-10-22T21:16:00.000-07:00

This is a very good summation of the current state of the modification programs. This is a very difficult time for many homeowners since the scenerio has mutated since the initial programs were set up. Take a close look and realize, yes, things are a'changin!

http://tinyurl.com/yfm2hq5

Loan modifying attorneys under investigation.

2009-10-01T13:06:00.000-07:00

Since the Loan Modification Program was announced and there was no set plan/program for these modifications to be implemented the following has been an all to common occurance.

The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality in favor of public protection. These attorneys have allegedly taken fees for promised services, but failed to perform those services or even communicate with their clients who face the possible loss of their homes. Their non-attorney staff may also be under investigation for unlawfully practicing law.

Not all attorneys engaged in loan modifications are unscrupulous. However, this announcement from the State Bar serves as a good reminder for REALTORS® and their clients to be careful when dealing with attorneys and others for loan modifications. Scam artists may intentionally associate or affiliate themselves with attorneys in an attempt to lend credence to their fraudulent schemes. The list of attorneys currently under investigation is available at http://calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10144&n=96395.

Fed keeps prime @ 0

2009-09-25T15:15:00.000-07:00

While the Fed is constantly juggling 'things' around we are still in a good lending mode. Get your fixed rate loan now, you never know when the future will change.

Read the following carefully to understand all the machinations.

http://www.federalreserve.gov/newsevents/press/monetary/20090923a.htm

Big Brother is Watching -- IRS Audits

2009-09-03T16:45:00.000-07:00

This latest article from the Wall Street Journal will give a lot of homeowners pause. Read carefully

http://online.wsj.com/article/SB125176078680774177.html#articleTabs%3Darticle

Get Accurate Information

2009-08-17T15:41:00.000-07:00

With all the different 'Stories' going on around, this is the straight scoop.
Too many people hear parts of the facts and run with it or just stop listening because they get overwhelmed.
If you are looking for mortgage advice, seek a reccommended professional. Don't have one, call me I've got some GREAT reccommendations!

NEW FEDERAL LAW AFFECTING DISTRESSED PROPERTIES
On May 20, 2009, President Barack Obama signed into law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure. Previously included in this bill was a measure to allow bankruptcy judges to modify mortgage loans for principal residences, but the U.S. Senate did not pass this "cram-down" legislation. The Helping Families Save Their Homes Act of 2009 contains various new laws to address the national foreclosure crisis. Major provisions that may affect California REALTORS® and your clients include the following:

Longer Stay for Tenants of Foreclosed Homes: Effective immediately, an REO lender or buyer who acquires title through a foreclosure sale must give at least a 90-day notice to terminate a bona fide tenant as defined. A 90-day notice to terminate is sufficient for a month-to-month tenant or if a new owner will occupy the property as a primary residence at the end of the 90 days. Otherwise, a tenant with a one year or other fixed-term lease with a remaining lease term exceeding 90 days can stay in the premises until the remaining lease term ends. This new 90-day notice requirement applies to foreclosures of a federally-related mortgage loan or residential real property, except for properties under rent control, rent-subsidized programs (such as Section 8), or other state laws that provide additional protections for tenants. This law expires on December 31, 2012.

Notification of Transfer of Mortgage Loans: The Truth in Lending Act now requires a lender to whom a mortgage loan is sold or otherwise transferred to notify the borrower in writing of such transfer within 30 days. The notice must include the new lender's identity, address, telephone number, authorized representative's contact information, and other relevant information. This measure should help alleviate the problem borrowers may face in determining who owns their mortgage loans.

Hope for Homeowners (H4H) Revamped: The new law loosens the H4H program requirements to help homeowners refinance out of their troubled mortgages and into more affordable, fixed-rate FHA-insured loans. Originally launched in October 2008, the H4H program intended to help 400,000 distressed homeowners, but in the program's first seven months, it apparently only helped one family stay in its home. The maximum loan-to-value ratio for an FHA refinance is 96.5% of the appraised value. If refinance proceeds are insufficient to pay off existing liens, the existing lienholders must voluntarily agree to a short payoff, but a new inducement is an opportunity for them to share in the homeowner's equity. Other changes to the H4H program include monetary incentives for both the participating servicers of the existing loans and originators of the FHA refinance. Millionaire borrowers (with net worth over $1 million) are now excluded from the program. HUD will establish the requirements and standards to implement the H4H program as revised.
Other provisions of the Helping Families Save Their Homes Act include a 4-year extension of the $250,000 FDIC deposit insurance to December 31, 2013, protection for loan servicers who establish qualified loss mitigation plans from liability for an alleged breach of duty to maximize mortgage values for their investors, $130 million for foreclosure prevention counseling and education, and $2.2 billion to strengthen homeless programs.

Don't Miss the Boat for the second time!

2009-07-25T09:18:00.000-07:00

In my weekly reading of C.A.R.'s newsletter and my analysis of mortgage rates and the prices being asked for properties now, this is an article that is an understatement to what I have been (Screaming) sorry I get excited! Prices have dropped back down to what I had seen in 2001-2003. So if you thought you were out of the running, or locally -"Missed the Boat" here is your second chance -- don't miss it!

Buying is now cost-effective for some renters

Many renters debating whether to buy or rent their homes are realizing that the increase in affordability, coupled with low interest rates and tax incentives, are tipping the scales toward homeownership.

MAKING SENSE OF THE STORY FOR CONSUMERS

· An analysis of 45 metro areas by the Associated Press found that the gap between the monthly mortgage payment on a median-priced home and the median rent has decreased from $777 a month to just $221 in the past three years.

· In markets across the nation, including the inland areas of California, prices have declined by nearly 40 percent, resulting in rising sales as first-time buyers use a federal tax credit that covers 10 percent of the home price, up to $8,000.

· Favorably priced foreclosures in some markets are drawing multiple bids. Many housing experts believe that as supply and demand even out, home prices will eventually begin to rise, but for now most buyers are having little difficulty finding affordable homes.

· Qualified first-time buyers may be eligible for loans insured by the Veterans Administration (VA), which does not require a down payment. Another loan product gaining popularity are those insured by the Federal Housing Administration (FHA), which require only a down payment of 3.5 percent.

· It is important that potential home buyers not only look at the monthly mortgage payment compared with their monthly rent payment, but that they also consider other costs associated with homeownership. These can include homeowner association (HOA) fees, insurance, maintenance, and utilities, which most renters are not responsible for paying.

For the full story Call: Marlene Henderson

Easing of Refi Guidelines by FED.

2009-07-10T09:46:00.000-07:00

This is "Hot of The Press" according to Calif. Assoc. of Realtors and will effect many homeowners in this situation. So it is time to revisit your "qualified lender" and get the Ball Roll'in to modify your loan that is causing havoc in your life.

Reporting from Washington and Los Angeles -- The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125% from 105%.

The shift, which regulators had hinted was coming, is aimed at making refinancing available to more people whose homes are worth less than their mortgages.

HARP is open to homeowners whose loans are owned or guaranteed by Fannie Mae or Freddie Mac, the mortgage finance giants now under government control. It covers first mortgages only.

The refinance program, launched this year, has gotten off to a slow start, in part because the maximum 105% loan-to-value ratio was too low to include many homes that have fallen sharply in value.

The new 125% maximum means an eligible homeowner with a $375,000 mortgage can refinance if his or her house is worth at least $300,000. But the borrower still must be able to afford the new loan. Income requirements are an increasing problem as unemployment soars and many workers are dealt pay cuts.

Treasury Secretary Timothy F. Geithner said the move to raise the loan-to-value limit was "a crucial step in our broader efforts to get America's housing market and economy on the path to recovery."

But refinance activity in general remains vexed by the jump in mortgage rates from their generational lows in April. Refi applications to lenders have tumbled since mid-May as rates have surged, according to Mortgage Bankers Assn. data released Wednesday. Despite a down-tick in rates in the last two weeks, refi activity hasn't rebounded.

The State incentive for first time buyers is GONE!

2009-07-03T10:04:00.000-07:00

As of today the State has stopped taking applications for the First time HomeBuyer $10,000. rebate for purchasing New homes. The applications for the $100,000,000 account are in excess of the available funds and are being reviewed. This was on a first come, first served basis so -- timing was important

Time and Money Running out!!

2009-06-18T20:00:00.000-07:00

You might of thought you had plenty of TIME, But . . . .

the time to get off the 'SideLines' is NOW!

California running out of $10,000 tax creditsFirst-time home buyers wanting to take advantage of the state’s $10,000 tax credit may have less time than originally expected. California set aside $100 million to help home buyers purchase newly built homes, hoping to jump start the residential-construction market. According to state officials, the tactic has worked well and is helping to entice home buyers into the market. However, there only is approximately 20 percent of the program’s funding remaining.

The program launched in March, and as of June 3 nearly $24 million in tax credit certificates already had been issued, according to the state’s Franchise Tax Board, leaving nearly $76 million in credit available. Many applications still are in the pipeline awaiting approval. If all of the submitted applications are approved, only $17.5 million would remain in the fund.

The California state legislature is considering adding another $200 million to the program. However, securing approval may be difficult due to the state’s estimated $24 billion budget deficit. A bill to extend the program already has won Assembly approval and now is awaiting activity in the state Senate.

"Reverse Mortgage" the Bad and Ugly--minus the Good!

2009-06-11T17:08:00.000-07:00

I have always had a concern about these "vehicles" and now that money has gotten tighter and tighter when 401K's and other retirement plans have gone the way of GM the Calif. Assoc. of Realtors is piping up too!! Read the following and pay close attention to the warnings in the coming weeks.

C.A.R. Mortgage Update

This week’s C.A.R. Mortgage Update contains information about reverse mortgages, mortgage rates, mortgage re-fis, loan modifications, an increase in the number of prime mortgage defaults, the FDIC’s plan to postpone the initial sale of bank assets, and a new loan for seniors.

U.S. regulator: Be wary of reverse mortgages
Some industry analysts, including U.S. bank regulator, John Dugan, believe that reverse mortgages could be the next subprime mortgage product to gain traction. Dugan says that while reverse mortgages can be beneficial, they also share some of the characteristics of the riskiest types of subprime mortgages.

Although the majority of reverse mortgages is insured by the Federal Housing Administration and poses limited credit risk, a different class of reverse mortgages is becoming popular--“proprietary” products--which offer less consumer protection.

To protect consumers, regulators are crafting guidelines and Dugan is recommending that regulators be more vigilant about misleading marketing and cracking down on lenders who try to bundle a reverse mortgage with other financial products, such as an annuity or life insurance product

Proposition's 60 and 90

2009-06-01T15:39:00.000-07:00

Just recently I have had clients ask for both themselves and their parents about the details of these two propositions and a lot of the particulars on how each one works. Since each has its own intricacies and each person/family has theirs, I advise to consult with a tax expert so you do not miss a vital component. This can be a substantial tax savings with little effort, as long as all the steps are followed.
The following are the Propositions and for further information and discussions on them go to: http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm

You can NEVER get too much information!

What are Propositions 60 and 90?
Propositions 60 and 90 are constitutional amendments passed by California voters that provides property tax relief for persons aged 55 and over. Implemented by section 69.5 of the Revenue and Taxation Code*, it allows these persons, under certain conditions, to transfer a property's factored base year value from an existing residence to a replacement residence.

Typically the property tax of a newly purchased or constructed residence is based on its current market value upon change of ownership. However, the provisions of Propositions 60 and 90 may result in substantial tax savings since it allows the property tax of the original (sold) property to be transferred to the newly purchased or constructed home if eligibility requirements are met.

* Section 69.5 also sets forth the provisions of Proposition 110 which allows the transfer of a base year value for severely and permanently disabled persons. Except for the disability factor, the qualifications for Propositions 60/90 are same as Proposition 110.

What is the difference between Proposition 60 and Proposition 90?
Proposition 60 allows transfers of base year values within the same county (intracounty). Proposition 90 allows transfers from one county to another county in California (intercounty) and it is the discretion of each county to authorize such transfers. As of January 2007, only seven counties have passed an ordinance authorizing intercounty transfers; however, it is recommended that you call your assessor for verification as it could change at any time. See question #17 for a list of the seven counties.

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What are the eligibility requirements for Propositions 60/90?

You, or a spouse residing with you, must have been at least 55 years of age when the original property was sold.

The replacement property must be your principal residence and must be eligible for the homeowners' exemption or disabled veterans' exemption.

The replacement property must be of equal or lesser "current market value" than the original property. The "equal or lesser" test is applied to the entire replacement property, even if the owner of the original property purchases only a partial interest in the replacement property. Owners of two qualifying original properties may not combine the values of those properties in order to qualify for a Proposition 60 base-year value transfer to a replacement property of greater value than the more valuable of the two original properties.

The replacement property must be purchased or built within two years (before or after) of the sale of the original property.

To receive retroactive relief from the date of transfer, you must file your claim within three years following the purchase date or new construction completion date of the replacement property.

Your original property must have been eligible for the homeowners' or disabled veterans' exemption either at the time it was sold or within two years of the purchase or construction of the replacement property.
The original property must be subject to reappraisal at its current fair market value at the time of sale, unless the buyer(s) of your original property also qualify the property as a replacement property for a base year value transfer due to disaster relief or a base year value transfer for a severely and permanently disabled person. Therefore, most transfers between parents and children will not qualify.

This is a one-time only benefit. Once you have filed and received this tax relief, neither you nor your spouse who resides with you can ever file again, even upon your spouse's death or if the two of you divorce. The only exception is that if you become disabled after receiving this tax relief for age, you may transfer the base year value a second time because of the disability, which involves a different claim form.

If I qualify for Proposition 60 benefits, do I still need to file for a homeowners' exemption on the replacement property?
Yes. The exemption is not granted automatically and must be filed for separately.

Don't Get Dupped!!

2009-05-13T17:11:00.000-07:00

The latest scam to unwitting homeowners, is the "Property Tax Reassessment and/or Property Tax Adustment Services". There have been mailers sent statewide alleging this service. This is a free service through your County Tax Assessor's Office.
If you have been scammed contact the State Attorney General's office Phone 800-958-5885

If there is a way to make a dishonest Buck, someone will figure it out!!

For the latest in Real Estate News, finding a great deal or having your property Managed Professionally contact:

Marlene Henderson, Realtor-Broker - Ca/Nv MoeBEST-Henderson Properties and Property Management
831-429-9091 Landline 831-419-9091 Airphone 775-588-3325 Nevada Office
Website http://www.bestsantacruzproperties.com/
"When only the BEST will do . . . MoeBEST-Henderson Properties and Property Management"

Golden Opportunities State/ Fed Tax Savings/incentives

2009-05-11T15:39:00.000-07:00

The Time of Golden Opportunity is now,
don't miss out!
If you haven't been keeping your ears to all the financial and tax changes going on in the last few months, waiting for things to settle out, which quite honestly could take another chunk of time, read this!
As of now, some of the significant benefits to purchasing a home whether in foreclosure or not are:
The first-time home buyer tax credit,
which Congress in February increased to $8,000 from $7,500 and eliminated the repayment requirement.
The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.I only wish I could use this but it is only for those that, haven't owned a property for three years. You also must retain the property as your primary residence for three years and the most important item, you have to qualify within the set guidelines.
There is also, in the state of California, a property tax reduction. Most counties are re-assessing properties bought from 2003 to present and adjusting the taxable values downward. It will be reflected in the tax bills and a notice of such will be mailed to affected property owners.
State Tax Credit On NEW Homes
How much is the state tax credit?The state tax credit is for $10,000 or 5 percent of the purchase price of a newly built home, whichever is less. The home must be the principal residence of the buyer, and the sale must close between March 1, 2009 and March 1, 2010.
How does the tax credit work?The credit will be provided in equal amounts (up to $3,333) per year, over three successive tax years, beginning with the year the purchase is made.
Will I receive the credit if I buy an existing home? The credit is only for the purchase of a newly built home that has never been occupied. That is because building a new home generates more tax revenues than the credit will cost the state.
Are there any other restrictions?The taxpayer must live in the home as their principal residence for at least two years. If he/she does not, he/she will have to repay the credit.
　
　
How much money is available under the program?The law limits the total amount of credits that can be claimed to $100 million. Credit reservations will be allowed on a first-come, first-served basis. It is likely that the full amount will be exhausted this year, so prospective buyers should move quickly.
Can the credit be used in conjunction with the recently enacted federal tax credit?Yes. If you buy a new home between March 1 and Dec. 31 and are a first-time homebuyer, you can take advantage of both the $10,000 state credit and the $8,000 federal tax credit.
"Green" Mortgage Rebates
In purchasing a home, foreclosed or not, there are programs offered by lenders that rebate the borrower up to $35,000. of their loan, when energy efficient and/or sustainable products/materials are used in upgrading the property. Call me, I will be happy to refer you to some significant lenders.
California Help for FIRST-TIME Home buyers.
To help provide first-time home buyers with peace of mind when purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Housing Affordability Fund is offering a new mortgage protection program to first-time home buyers. Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit. For more information including eligibility requirements and information on applying for the C.A.R.H.A.F. Mortgage Protection Program, please visit www.car.org/aboutus/hafmainpage/carhafmortgageprotection/
Buying Now vs. Renting
Given recent changes in home prices and the current low mortgage rate climate, there have been significant gains in affordability for prospective first-time homeowners. Earlier in 2009, a provision in the Stimulus Bill provided for a first-time Homebuyer Tax Credit of 10 percent of the purchase price of the home up to $8,000. The CALIFORNIA ASSOCIATION OF REALTORS® analyzed the difference between renting and buying a home in light of recent market and policy developments. Housing costs and tax implications of buying a home and renting a home were computed as a part of the analysis.
Assumptions:
• The household currently rents a 3-bedroom, 2-bathroomapartment at the prevailing rent and purchases rental insurance.The prevailing rent for a 3-bedroom, 2-bathroom apartment was$1,855 per month (Q4 2008, latest available). The household purchases renter’s insurance at a cost of $247 per year or $20 per month.• The household considers the purchase of a home at the entry-level price, which is 85 percent of the statewide median price.The monthly cost of housing is equal to the mortgage payment,taxes, and insurance.• The entry-level home is priced at $248,000, or 85 percent of theprevailing median-priced home of $291,800.• The monthly payment including taxes and insurance (PITI) wascalculated using a 10 percent down payment, a 40 percentqualifying ratio, the prevailing one-year ARM mortgage rate,and a 1.038 percent assumed insurance costs and propertytaxes. The monthly PITI payment under these assumptionsis $1,630.
　
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Fed keeps prime @ 0

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Get Accurate Information

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Easing of Refi Guidelines by FED.

The State incentive for first time buyers is GONE!

Time and Money Running out!!

"Reverse Mortgage" the Bad and Ugly--minus the Good!

Proposition's 60 and 90

Don't Get Dupped!!

Golden Opportunities State/ Fed Tax Savings/incentives