Mortgage Rates 5/22/2009 ~ 30 Year Fixed: 4.86% ~ 15 Year Fixed: 4.52% ~ 1 Year Adj: 4.71%

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News Flash!     NEW FEDERAL LAW AFFECTING DISTRESSED PROPERTIES

This week, 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:

• 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 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.
  
• 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 often face in determining who owns their mortgage loans.

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.

President Obama has also signed into law the Fraud Enforcement and Recovery Act (FERA) which authorizes the Department of Justice to prosecute mortgage fraud crimes against private mortgage brokers and companies that previously were not regulated by the federal government.  FERA also earmarks almost $500 million for federal enforcement agencies to investigate and prosecute mortgage fraud and other fraud crimes.

Let me help you find the perfect fit for you and your family, click ORANGE COUNTY MLS. You will find great prices in this market of  Foreclosures, Bank Owned Homes & Approved Short Sales. These homes are at at an all time low. I will send you a list of these homes in San Clemente,  Dana Point Homes, I have Bank Owned Homes in Talega, Short Sales in San Clemente, Short Sale Talega Houses, Capistrano Beach homes for sale, Bank Owned Laguna Beach Homes, affordable Homes in Newport Beach, Newport Beach Luxury Homes priced lower than ever, Newport Coast Homes too, Corona Del Mar Homes for sale, even short sales and bank owned Homes in Laguna Niguel Ca, bank owned Laguna Hills Homes, Real Estate in Mission Viejo with low prices, Search for Orange County Luxury Homes & Orange County Ocean View Property on the Orange County MLS, right here on my Website. San Clemente rentals, Dana Point rentals and all of South Orange County rentals.  

Ok so now what? Well... this is a great time for first time buyers and investors interested in Orange County Real Estate, yes! Prices are down and may go down even more in the coming months. I can and will help you find a property that fits your needs and budget. There are awesome opportunities all over Southern California and South Orange County right now. If one can get in on a bank owned or a bank approved short sale (yes we should talk about the importance of bank approved short sale) well you can get a great deal and help the homeowner too. If it's already bank owned, well that's good for you too. Because, if your finances are in order, or you have cash, then it goes much faster and You can be owning your new home very soon. Also the market sets the price, so if a property has been on the market for a long time (6mos or more, or is priced to high) then you can easily make an offer accordingly. Let's explore the possibilities and see how we can get you into your dream home, your first home or 2nd, or a very smart investment. I'm your hard working Orange County Realtor, Deborah Shane, working with Realty Executives OC Coastal in South Orange County Ca.

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Search The Orange County MLS Yourself !! Yes you can search San Clemente Homes, Orange County Real Estate & MLS listings, find Dana Point Ca homes for sale, or a Capistrano homes, homes in Laguna Niguel Ca. Click on MLS Link Below. You can Search thousands of Orange County homes for sale. Homes in Dana Point, all Capistrano Real Estate, Real Estate in Mission Viejo Ca, Laguna Beach Homes, Homes in Newport Beach and Laguna Niguel Homes for Sale. Go ahead and browse our Orange County Ca Real Estate Listings, right here on my Orange County website. Courtesy of Deborah Shane, Orange County Realtor and the SoCal Orange County Multiple Listing Service (Orange County MLS). As you can see my name is Deborah Shane and I work very hard for my trusting clients. I've been told many times that my clients used me, was because I was a friendly, trustworthy and efficient Orange County Realtor. Finding, Listing and selling homes for my clients in San Clemente, Dana Point Homes, Newport Beach Luxury Homes, Awesome Ocean view Real Estate in Laguna Beach, Real Estate in Mission Viejo, Lovely Capistrano Real Estate & Capistrano Homes, Real Estate in Laguna Niguel & Dana Point Homes & Condos, and of course, all of the homes for sale in The Orange County MLS.  Sellers!  Sell your home with Deborah's Action Marketing Plan! Along with a Current Orange County Home Value Estimate. If there’s a Buyer out there for your home, they will for sure see it, with my Marketing and Home Selling Plan of Action. "Call me to discuss ways I can help you save money on your transaction." Along with that, I promise to sell your South Orange County Home with full marketing services, including providing the most current home  Orange County Multiple Listing Service (MLS) exposing your home to over 100,000 Realtors and their Buyers. I will put your Orange County Ca home on the World Wide Web, My site and other sites that, thousands for homeseekers go to on the Internet. Local Newspapers and their online sites, Real Estate Signs, Beautiful Flyers and much more. I will sell your South Orange County Ca home at the best price in the shortest time possible. I will also be a strong Negotiator for you, and make sure you get the best price possible for your South Orange County Home.  What's Your Orange County Home Value Today? Pricing your Orange County Ca home correctly in this market is vital for a successful sale. Go Here to the Price My Orange County Home, Please. I will provide you with a current, realistic Comparative Market Analysis (CMA) for your Orange County Ca home and neighborhood. I will also take care to make sure the sell of your home and the purchase of your future home, goes as smooth and as lucrative as possible.   You get great old fashion service here, hard work and efficient state of the art technology on your side.  Your Personal Information is never shared and I Promise to have your best interest at Heart at all times.  Search the Orange County MLS Listings Yourself!!  See Orange County MLS listings for: Homes for sale in San Clemente Ca, Homes in Dana Point Ca, Talega Homes, Houses in Newport Beach Ca, Real Estate Mission Viejo Ca, Capistrano Real Estate, Real Estate in Laguna Beach Ca & Homes in Laguna Niguel Ca. Search all South Orange County Homes and Orange County Ocean View Properties, just like a real Orange County Realtor and Orange County Real Estate Agent.  If you would like help selling or buying your, South Orange County home, don't call another Orange County Realtor, call me. Because I am a very hard working Orange County Realtor and I'm available to help you with all your South Orange County Home buying and Selling needs. You will get results!  Call Today: 949~521~3512, Deborah Shane  Here's a brief overview of South Orange County real estate. Coastal Orange County is a wonderful place to live. The Beautiful Orange County beach communities, like San Clemente, Dana Point, Monarch Beach, Newport Beach and Laguna Beach and the gorgeous inland mountains, such as San Juan Capistrano up Ortega highway, Ladera Ranch, Mission Viejo, Rancho Santa Margarita, Laguna Niguel and Talega San Clemente Homes & More.  Talega Homes in San Clemente ~ in San Clemente California, there is a beautiful area that is called Talega San Clemente. It is one of the most desirable master-planned communities that South Orange County has to offer. Convenient access to awesome South Orange County Ca real estate and homes. With its peaceful and sweet ambiance, miles of open spaces and Gorgeous Talega Ca Real Estate, the amenities are abundant.  San Clemente Lifestyle & Real Estate ~ Homes in San Clemente, are charming and becoming more affordable in the current market. San Clemente is a most desirable beach village and has some of the most beautiful Orange County real estate in the west. While in our romantic little beach town, make it a point to visit the very romantic, Casa Romantica, the historic San Clemente home of Ole Hanson, San Clemente's founder. Casa Romantica overlooks the Pacific Ocean, Dana Point Harbor and Catalina Island. It's a fact that San Clemente has "Some of the World's BEST Climate" with sunshine 342 days per year. The annual average temperature is 72 degrees Fahrenheit. Ladera Ranch Homes & Lifestyle ~ Whether you own or rent, Ladera Ranch Homes and community is another one of the most desirable master-planned home communities, in South Orange County Ca. With Real Estate in Ladera Ranch Ca, Ladera Ranch Homes and Ladera Ranch Condos, you have a variety of choices from awesome custom built Ladera Ranch home estates, to a carefree California Ladera Ranch Condo style way of living. No matter what you like or prefer, you’ll have access to the abundance of living life and the recreational amenities that make life at Ladera Ranch Ca so very rewarding.    Capistrano Homes & Lifestyle ~ I would say, buy or sell a Capistrano Home with ease in this market. Lots of folks would love to live here and you will too. And if you’re looking for your Dream Home, this is a good place to start. San Juan Capistrano is a beautiful City, midway between Los Angeles and San Diego, 60 miles from Los Angeles, 62 miles from San Diego and just one half mile to the ocean. San Juan Capistrano is the home of the San Juan Capistrano Mission. Most Capistrano Real Estate is nestled throughout the rolling hills of the City. The beautiful weather just can’t be beat. Give me a call for a tour of Capistrano Homes and surrounding areas. Deborah Shane, Orange County Realtor. Dana Point Information & Real Estate ~ Whether you are coming to shop, dine, play on the beach or just relax, Dana Point offers the BEST of everything, including the great year round weather conditions. The town and the harbor offer hundreds of shops and places to eat, drink and have a great time. It's considered one of the most romantic spots in California. Oh and did I mention, you can park your boat there too. It's very easy to get to about halfway between Los Angeles and San Diego on the South Orange County coast and its Harbor is truly one of the most spectacular man-made harbors in the world. So here's my personal commitment to you, as your South Orange County Realtor and a person who really cares. Over time, our professional relationship, which is built on trust, outstanding service and support, will enable you to make sound, timely and secure real estate decisions for yourself and your family ( Some of My Sales Testimonials ). You can also, click Contact Me or my email below, with any questions, or concerns you may have. I'm easy to talk to and you have no obligation. I will do my very best to help you and I will take care of you and your needs.  Your Home Buying and Selling experience and satisfaction is my top priority! I will take the time to listen to your Real Estate wants and needs (See My Client Testimonials) and I will help you find your dream home in the area that you desire and in your price range. I will be a strong Negotiator for you, and make sure you get the best price possible. I will also see to it, that your home is priced to sell and then sell it with skill, technology and high exposure.  I will take care of you and help you with all your Real Estate needs in South Orange County Ca, or just questions, call or email me today and we can chat. 949-521-3512 CaCoastalProperties@gmail.com Getting Results!  Hey! Check this out, my other Orange County Real Estate Blog Get the scoop on the latest OC Real Estate & Mortgage information. Plus, put your own two cents in there. I Would love to here from you. Famous Domain Name for sale www.WelcomeToTheOC.com email or call, info below  ."Get New Listings, and great deals the day they are listed, with the Orange County MLS, Auto Updates" Fits Perfectly To Your Chosen Criteria. It’s the Real OC MLS. Also, Pocket Listings not on the MLS and Buyer Rebates at close of Escrow. Learn the difference between bank owned and short sale properties and how knowing this will help you buy your dream home at a Great Price, in the quickest time! I will take care of you in your search for a home. Being trustworthy and hard working, I know how to negotiate a great price. I can also evaluate the market value of your Orange County home with accuracy and provide full Marketing Services. See Deborah's Action Marketing Plan, also see "Deborah's OC Blog" Real Estate Webmasters  MORTGAGE NEWS!  THE MARKET !!!  Get A Home Loan  Nationwide Real Estate Directories  Homes In Other Cities  Miami FL Real Estate | Alex Shay  Real Estate Agents  San Diego CA Information and resources. Deborah's Marketing Plan of Action  Why Use a Realtor? Especially Deborah Shane? Daily Mortgage Rates & Current RE News Informative  Real Estate & Finance Related Articles

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