Are you behind in your mortgage payments?

If you are, call your lender! Talk to them! Do not hide and hope it will get better!
I had a client call me because they were behind and wanted to sell to get out of the situation. I talked to them and had them work with their lender FIRST. They were able to work things out with the lender so they can keep the house, re-pay the past due and get back on their feet. They were over 3 months behind on their payment yet the bank chose to help them and work with them rather than force them into foreclosure. Banks don't want your property! Talk to them and work things out!

Lorraine
Visit my web site at VenturaRealEstate24-7.com

Looking For a New Breed Of Dog And A New Home?

Have you decided it is time to try new things? Like a new dog and a new home?
Come to Ventura County.....you will love it! It is near the beach and feels like a vacationland.
Then investigate acquiring a Swedish Vallhund! It is an original Swedish Spitz gaining in popularity here in the United States. The first American litter was bred in the U.S. in 1986. They date back 1,000 years. Standing 11.5-13.5 inches tall, with a height to length ratio of 2:3 (longer legs and shorter than corgi's) these are "big dogs in a small packages". They love agility, obedience, rally, tracking, search and rescue, flyball and herding and are wonderful family pets. They are very intelligent and need mental exercise, as well as physical exercise.

So, if you are looking for a new place to live and a new breed of dog, contact me today and I can help!

Search the MLS for Ventura County Real Estate at:

http://www.JanisCalkins.com/

FHA Trying to help ward-off foreclosures BUT . . . . .

I don't think this is going to be a lot of help in Ventura County.

FHASecure is designed to prevent foreclosures for homeowners who are falling behind because of their adjustable rate mortgages (ARM). They will be offered fixed-rate mortgages BUT 3 conditions apply:
1. The homeowner with an ARM had to be paying on time until the rate was reset and the payments went up.
2. Borrowers (homeowners) will need at least 3% equity (no upside-down borrowers)
3. There are loan limits that top out long before they are a lot of help here in Ventura County. The loan limit for a single-family home is $362,790.

Sorry - FHA - thanks for trying but we need much higher limits here in Ventura County.

Lorraine

Good news from the mortgage market

Here is the good news from a newsletter from Mark Cohen: "Last week was the most positive for the mortgage market in the past three months as liquidity started to return. It appears that for the most part, the worst is over for the mortgage market as yields are at high enough levels that the lenders and investors are willing to lend. This should not come as a surprise as it appears that the Fed is going to cut rates in the very foreseeable future. This became evident, immediately after the August employment report was released on Friday which showed a decrease of 4,000 jobs which was substantially weaker than the forecast 100,000 job gain. The feeling is that the U.S. could possibly be headed for recession as the weakness in the national housing and mortgage market starts to expand to the broader economy. I feel that the Fed does not really want to cut rates because it still feels that the worlds leading economies are strong and that inflation pressures still overhang our economy. However, the market is pushing the Fed to make the necessary rate cut. "

Mark Cohen was once again recognized as California's #1 Individual Mortgage Originator, according to Mortgage Originator Magazine (April 2007).Mark has now received this honor every year for the last 8 years.

OPEN HOUSE - $350,000 in Ventura!

2 bedroom - 1 bath cottage in Ventura. Open House 1 to 4 pm. on Sunday Sept. 2nd.
Come and visit: 93 Sycamore St off Highway 33 (towards Ojai) Questions: (805) 223-3445.

Come and enjoy - Open House this Sunday!

Sunday

1 pm to 4 pm

September 2, 2007

Come and View this beautiful home:

11100 Telegraph Road #50

Ventura, CA 93004

Hosted by: Lorraine Burns

Questions: (805) 901-8805