14 LUXUARY TOWN HOMES in AZUSA

NOW SELLING NEW TOWN HOMES in AZUSA. PRICES START AT $469,800. 1,620-1,720 SQFT. WITH AN OPEN FLOOR PLAN SPACIOUS LIVING ROOM, KITCHEN WITH CENTER ISLAND, SPACIOUS 2-3 BEDROOMS AND 2.5 BATHS.

FOR MORE DETAILS AND INCENTIVES CONTACT ME 626 691-2956

FORECLOSURE GUIDE

When does a home go into Foreclosure?

When a borrower stops making mortgage payments to the beneficiary, thus the lender. The lender can then record a Notice Of Default to the county recorder. The lender can record the NOD anytime they feel they have exhausted their resources. Meaning, the lender has probably contacted the borrowers several times with no solution before they decide to proceed with the foreclosure process.

What happens next?

After 3 months the lender or trustee sets a Date Of Sale and notifies all parties, including other lien holders, and state and federal taxing agencies.

What happens if the foreclosed home does not sale?

If the minimum bid is not met, the property reverts back to the lender and becomes an REO (Real Estate Owned) and can then be purchased directly from the lender.


AVOIDING FORECLOSURE:

Before you decide to go into foreclosure, there are housing counseling agencies supported by the United States Government that offers valuable resources to help find special borrowers programs. Most of these services are free of charge. Contact the US Department and Urban Development (HUD) (800) 560-4287 or visit the website at www.hud.gov for more info.

Ask The Lender...

Many lenders offer assistance, but only for those who stay in their home and not abandon it. For e.g., the lender may have a special forbearance program to rearrange payments, or even reduce or suspend them for a period of time. The lender may also refinance the debt or extend the term of the loan to make the payments lower.

FHA loans may qualify for a "partial claim" payment. The program provides a one-time payment from he FHA insurance fund to bring the mortgage current. A signed Promissory Note and lien amount of the partial claim will be placed against the property. The interest-free amount is due and payable when the first mortgage is paid off or when the property is sold.


Taxes

Borrowers assume that a foreclosure will automatically relieve them from their delima. But this is usually not true. In addition to the damage to their credit rating, foreclosures can also cause a major tax consequence. It is important to seek advise from a tax attorney or CPA for all considerations and alternative to a foreclosure.

Steps To Get Started As A 1st Time Home Buyer

• First thing to do is to speak to a lender and review all your options. Get Pre-Approved, not pre-qualified. The difference between the two is a guarantee that the lender will be able to give you a loan for a specific amount.
• Before you search for your dream home, some things you should consider:
  Size of Property
  Type of Neighborhood
  Quality of Schools
  Nearby Public Transportation
  Urban or Suburban
• After finding the right home, as your real estate consultant, I will advise you on an offer, write it up and ensure all paperwork and activities are completed to guarantee a smooth transaction
• Once the offer is accepted, we will open escrow with an escrow company. What is an escrow company and what are escrow instructions? An Escrow Company is a neutral third party which holds legal documents and funds for the buyer and seller, and distributes them according to their instructions. Escrow instructions are written documents, signed by seller and buyer, detailing the sales transaction.
• We will then schedule a physical inspection which is a visual examination of the physical structure and systems of the home. A licensed inspector evaluates and reports the condition of the structure, roof, foundation, hearting, A/C, ventilation, plumbing, electrical, water heating, walls, windows, attics, doors, pools, spas, garages, and other items. You will receive a copy of the findings I a report directly form the inspector.
• You will receive disclosures form the seller about the property. What are disclosures? Documents signed by the seller disclosing all known information about the property. I will review with you all disclosures and you will acknowledge receipt of all paperwork by signing all disclosures.
• Other Actions taken during this process are the termite inspection, a preliminary title report, an appraisal, obtaining hazard insurance, state mandatory requirements and removal of all contingencies. Contingencies are restrictions on the contract that protect a buyer so that they are able to do some due diligence on the property.
• Once all these actions take place, the lender will then fund the loan. Wire the money to the title company. The title company will then record the transfer of the deed with the County Recorder’s Office. After recording is complete, the property is now legally YOUR HOME!!!
• It may seem daunting, but that’s why you have me as your real estate consultant. I will hold your hand through the entire process, explaining EVERYTHING step by step.
  
  Take a Step Forward and Contact Me, Soraya Diaz. I will ensure you are in good hands.

Take A LOOK At These Listings

http://www.mrmlsmatrix.com/matrix/public/email.aspx?ID=641396010

Contact me for more information or to schedule an appointment to view these properties.

There are steps to Home Buying and the first step is...Are You Ready? Knowledge is the key to this process. As a Realtor® I will guide you through and give you the information you need to Be Ready. Find out more...contact me to realize your dreams.

"You aim for what you want and if you dont get it, you dont get it, but if you dont aim, you dont get anything" -Francine Prose

Free Home Buyers Workshop

Free Home Buyers Workshop

WITH THE SUCCESS OF OUR PREVIOUS WORKSHOP, WERE HAVING ANOTHER FREE HOME BUYERS WORKSHOP!

MAY 30th 6:30-730PM
@ AZUSA CITY HALL AUDITORIUM

~LEARN VALUABLE HOME BUYING TIPS

~TAKE ADVANTAGE OF TODAYS BUYERS MARKET

~BENEFITS OF HOME OWNERSHIP

CONTACT ME TO RSVP

SEATING IS LIMITED!

soraya.diaz@coldwellbanker.com