Turlock, CA Real Estate News

By IRMA Beltran, Your Real Estate Agent 4 Life Always there 4 You!
(Century 21 M & M and Associates-Turlock homes Real Estate)
     Issue                                                  Foreclosure                                                Successful Short Sale     Future Fannie Mae Loan: Primary Residence (effective May 21, 2008)   A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years.   A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years.   Future Fannie Mae Loan: Non Primary Residence (effective May 21, 2008)    An investor who allows a property to go to Foreclosure is ineligible for a Fannie Mae backed Investment mortgage for a period of 7 years.   An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed investment...
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By IRMA Beltran, Your Real Estate Agent 4 Life Always there 4 You!
(Century 21 M & M and Associates-Turlock homes Real Estate)
POR FAVOR DE LEER MUY IMPORTANTE! JUICIO HIPOTECARIO vs. VENTA CORTA    PROBLEMA                         JUICIO HIPOTECARIO                                 VENTA CORTA EXITOSA     Préstamo Fannie MAE:  Residencia Principal  (efectivo Mayo 21, 2008)    Una persona que pierde su casa en Juicio hipotecario es inelegible para una hipoteca respaldada por Fannie MAE por un periodo de 5 años.    Un dueño que exitosamente negocia y sierra una venta reducida será elegible para una hipoteca respaldada por Fannie MAE después de 2 años.    Futuro Préstamo Fannie MAE: No Residencia Primaria (efectivo May 21, 2008)    Un inversionista que permite que una propiedad se Retome es inelegible para una hipoteca de Inversión respaldada por Fannie MAE por un periodo de 7 años.    Un inversionista que exitosa...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Why wait another day?  I mailed in my absentee ballot today.  I figured why wait until next week?  I believe that this is one of the most important things that we as citizens of this great country can do.  Too many people do not vote and I think that is inexcusable.  I have been voting by mail now for a couple of years.  It's the easiest thing in the world to do.  No going out in the cold , snow or rain on election day.  You just sit in the comfort of you own home fill out your ballot, put it in the envelope , put a stamp on it and drop it in the mail box. I'm thinking if you can't figure out how to do that, then maybe you shouldn't be voting. Or maybe you should be running for congress. Now if I could just figure out how to stop all those nasty, mud slinging TV and Radio commercials th...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
I know a lot has been said and written about the horrors of a Bank of America Short Sale.  They have also been in the news a lot the past week or so.  I know that Bank of America has earned their reputation.  But my experience with Bank of America short Sales has been the complete opposite. I had a Bank of America Short Sale listing in Ripon Ca.  I entered all of the information into Equator.com and waited.  And waited.  Finally after getting no response I called the BofA short sale department.  It was then that I was told that since the sellers had an FHA loan on the property that I would not be able to use the Equator.com system.  NOT a very good way to start off. So I FAXED the entire short sale package to Bank of America. Within a few days a negotiator was assigned to the file and w...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
My good friend Jim Browning has done quite a few 203k renovation loans in Turlock and the surrounding areas. JIm has been a 203k consultant since 1996 and gets rave reviews from his clients. We are so proud that he has joined The Mike Young Team again and look for great things as we move forward.  Jim and I are available to give talks to Realtor associations, builder and remodel contractor groups, and home inspection groups.  Builders and remodel associations or sub groups like NARI and similar organizations will find they have access to more jobs and in many cases become excellent referral agents for our lenders. When you have a job that you get on your own and the client feels the cost is out of their reach it may be "Perfect for a 203k" renovation loan. I can't imagine a home improve...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Century 21 M&M and Associates has anounced that they will again be a major sponser of the News10 Coats for kids this year.  I know that the recent hot weather is still fresh in your memory but it's never too early to start thinking about coats for kids.  We are accepting new or gently used coats for kids at all of our offices. You know you are going to have to clean out that closet anyway, and last years coats are probably not going to fit the kids this year.  So why not donate them to this worthy cause? Give me a call and I will even pick them up in Stanislaus and Merced counties.  You can call me at 209-633-2839 or send me an email at jpatton@c21mm.com . 
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
I received a call today about one of my short sale listings.  The caller left me a voice mail.  She said that there were some security issues with the home.  It was from the bank that has the mortgage on the property. The issues were allegedly two open windows, an open slider and lock boxes on the front door.  So I went to take a look. Well, I knew the lock boxes were on the front door because they are mine.  I was not sure how this was a security issue.  All the doors were locked including the slider.  I did find one open window.  It was in the bathroom above the shower.  It's one of those windows that is about 6 inches tall and goes across the length of the shower.  Security issue?!  So just in case I closed it. So I called the lady back from the "Too big to fail" bank and told her I ...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
I received a call today from a lady that is thinking about doing a short sale on her home.  This particular home owner has a Wachovia mortgage.  Wachovia / World Savings short sales are the least complicated short sales of all the banks out there.  You do NOT need to provide tax records, pay stubs, bank statements , etc.   The one thing you do need is enough time to complete the transaction before the foreclosure date.   Once Wachovia sets a foreclosure date they will not postpone it for a short sale, even if the property is in escrow.  So if you want to do a short sale on your Wachovia financed home don't wait until it is too late!   The good news is that Wachovia short sales  usually move pretty fast.  In most cases I will have an answer from the Wachovia short sale manager within 7-1...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
The glamorous life of the Realtor.  It was after lunch time and I was hungry.  I also had to take some pictures for a BPO.   So I headed out to take my pictures so I thought I would run by the taco truck to grab a burrito!   I got my usual Carnitas burrito and a Pepsi, and go back to my car.  Well my car is extremely dirty, I haven't washed it in a while.   There is still sand in it from my last trip to Monterey and I don't want to say how long ago that was.       So I head on over to the car wash.  And you guessed it while going through the car I was eating my burrito.  Now is that fine dining or what?              If you are in the market for a house in Stanislaus county or you just want to know where the best taco truck is give me a call.
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
If you are like many people here in Stanislaus and Merced counties of California's Central Valley you are upside down in your home.    I know it can be very frustrating and you might not be sure what to do.  You might think foreclosure is inevitable.  Foreclosure might not be your only answer.  More and more banks are approving short sales. If you are thinking about doing a short sale, time is probably running short for you.  If your bank has notified you that they have set an auction date it may be too late.  Many banks will not postpone an auction just because you are trying to do a short sale on your home.  Some will if you are in the process of negotiating an offer and some will not.  That's why you need to talk to an experienced short sale Realtor sooner rather than later.  I doesn...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
I am  sure we have seen bank owned homes with the fixtures removed, appliances gone, carpets torn up, etc.  I recently ran across a property where the owners really went to the extreme.  I was asked to do an interior Brokers Price Opinion (BPO) by one of the major banks.  So I drove out to the property, a 2 acre ranchette out in the country.  There are mostly corn fields on both sides of the road.  I am watching the addresses on the mail boxes.  I know I am getting close then suddenly I am past it.  But I didn't see the house.  So I made a U-turn and looked again.  I then realize that the empty lot that I had just passed is what I am looking for.  THEY HAD TAKEN THE WHOLE HOUSE!  At the back of the property is a detached garage in pretty rough shape and the well pump and tank.  But that...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
If you or someone you know is thinking about trying to get a mortgage modified be sure to read the linked article.  If someone asks you for a big up front payment to help you modify run the other way.  Seems like there is always someone ready to take advantage of people's troubles. Read the Article here:
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Why would anyone want to live in Turlock? Part 3 Just a short drive of around 2 hours, in the opposite direction of my last destination (Yosemite National Park) is another one of my favorite places, Monterey California.   The photo to the right was the view from the window of the bed and breakfast I stayed in the last time I spent the weekend in Monterey. It's always nice to get away for a day to the coast especially when it's 105° here and its a cool 70° in Monterey. Although I was there last January and it was in the 80's for several days in a row.      Monterey also has the world famous Monterey Bay Aquarium, great restaurants, great golf, Fisherman's Wharf, and an Awesome Farmers Market on Tuesdays.   The Awesome and world famous Seven Gables Inn Bed and Breakfast is in the photo to...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
 Why would anyone want to live in Turlock? Part 2    One of my favorite day trips from the Turlock area is Beautiful Yosemite National Park.  In just a couple of hours you can be in one of the most beautiful places in the world. I usually take my bike with me (or you can rent one there).  Its a great way to see the valley.                       One of my favorite times to go is in the spring time when the falls are flowing.  The picture above left is of upper Yosemite falls and above right is Half Dome.         The picture to the right is of both the upper and lower Yosemite Falls.     Some of the Yosemite locals.    If you go be sure to make as stop at the Iron Door Saloon in Groveland.  Its a great place to stop for lunch and the place is full of history.   This is just one of the re...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
Why would anyone want to live in Turlock? Part 1 Ive been asked the question before, "why would anyone want to live in Turlock?"  While it's true it can get really foggy in the winter and we usually have several days of 100 degree plus heat in the summer I love living in Turlock. Turlock has some great schools.  If you want, your kids can start out here in Turlock in Kindgergarten and go all the way to Calfornia State University Stanislaus.  Turlock has some really great parks too.  You can enjoy a picnic at the very shaded Crane Park or feed the ducks and geese at Donnelly Park.  When it comes to shopping, Turlock has just about everything you need.  There's really not much reason to head out of town for much of anything, and who really wants to with today's price of gas. Turlock has a...
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By Addie Scharff, HomeStaging REALTOR - Beautiful Homes Realty
(Beautiful Homes Realty)
If you are thinking of buying a home, chances are you may be involved in a transaction where the home is owned by a lender, or is needing lender approval, as is the case for Short Sales.   Make your first offer, your best offer.  When writing an offer for a property where a lender is involved, it is best to make it as simple as possible, and make it your best because in many cases the lenders do not counter offer. In some cases where multiple offers are submitted, they may ask all buyers to re-submit their highest and best before they decide.   Be prepared for lenders to ask you to sign their own purchase contract. These contracts should include just about everything that a normal contract has, but you need to read it very carefully, as with any contract, so that you know what the proce...
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By Addie Scharff, HomeStaging REALTOR - Beautiful Homes Realty
(Beautiful Homes Realty)
Don't you just love a beautiful Porch? As a real estate agent with a passion for improving the homes I sell, by Staging them, I often find myself looking for new ways to improve, and transform different areas and little corners of the home, into more enjoyable spaces. As I walk my dog, Tommy, around my neighborhood I often get to see the creative and beautiful ways in which people lovingly dress their front porches.  It just makes you want to stop and smell the roses and take in the beauty of the moment! No, don't I really sit at people's porches, but it sure is tempting! It makes me want to get to know who lives there and learn from their creativity! A porch's look and feel gives us a glimpse of what awaits us inside the home. How your porch right now? Is it bright and welcoming, or s...
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By Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties
( Aspire Home Real Estate 209-404-0816)
  I haven't updated my blog in a while because I have been out selling houses.  Home sales here in Turlock are really up.  Check out the stats below.   December 2007 39 Sales   Avg Price $268,602     December 2008 106 Sales   Avg Price $199,063   I have been receiving multiple offers on most of my listings.  Many buyers are first time buyers that last year had no chance of buying.  We are also seeing the investors get back into the market.  Despite all the gloom and doom you hear on TV and read in the Newspaper homes are selling.  I guess not everyone believes all that they read, and that's a good thing. 
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By Addie Scharff, HomeStaging REALTOR - Beautiful Homes Realty
(Beautiful Homes Realty)
If you're thinking of buying a home in the Modesto, Turlock, Patterson and surrounding areas you've come to the right place and you have found the right Realtor®! Now is the time to buy your dream home at unbelievable prices!  There are actually too many homes to choose from.....that's the kind of buyer's market we're in.  You can practically buy a home for almost 50% in some cases of what the price was 2 & 3 years ago.  Don't let this pass you by! To find out more info about the surrounding areas I am including links to the cities for you to take and look.    You may call me for any questions you may have about the buying/selling process.  I always make time for you! STANISLAUS COUNTY: Buying or selling a home in Ceres?  Learn more about this city at: http://www.ci.ceres.ca.us/ Buying...
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By Addie Scharff, HomeStaging REALTOR - Beautiful Homes Realty
(Beautiful Homes Realty)
11 Tips on finding your ideal first Dream Home....in Turlock, CA or anywhere else! If you're like me when I was in my 20s (long, long ago!) you really have no idea of what you want when you're looking for a home.  It's after you move in that you learn what you don't WANT, NEED or USE in a home, or what will not work for your family.  For example...your dining room seems fine until you host your first Thanksgiving dinner!  All of sudden it seems to shrink in size! You may not be the entertaining type, but since you've just bought a new house you're excited (along with everyone else) and you want to invite everyone over!   Having been there, I will tell you that you really need to MAKE a WISH LIST of what will be essential in a home so that when you start looking you know which ones meet ...
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Turlock, CA Real Estate Professionals