Tag Archive for California short sale

Moorpark Short Sale Specialist Moorpark Short Sale Help


Below you will find some listings that you may be interested in. If you like anything you see, don’t hesitate to email or call with your questions.

 

Chris B Johnson, REALTOR® CDPE, SFR, BPOR, CHS, PSC, CSSN, CDAT

Allison James Estates & Homes Elite

CA BRE 01501699

Office phone: 805.208.0823

Email:      ChrisBJohnsonRealtor@gmail.com

ChrisBJohnson@sellventuracountyhomes.com

Website:  http://www.ChrisBJohnsonRealtor.com

www.sellventuracountyhomes.com

http://ChrisBJohnson.housingtrendsenewsletter.com

http://www.linkedin.com/in/chrisbjohnson

http://www.VCNeighborhoodValues.com

 

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SEARCH All Properties for sale in 91359, 91376, 91319, 91358, 91362, 91361, 91360, 91320, 91301 - No Minimum Price to No Maximum Price, 0+ Beds, 0+ Baths
PRICE CHANGE
2 beds/1 baths
920 Sq. Ft.
$405,000
ID #216014423 – Listing courtesy of Agents of LA Inc.
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3 beds/2 baths
1158 Sq. Ft.
$485,888
ID #216015966 – Listing courtesy of Strategic Realty Inc.
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PRICE CHANGE
3 beds/2 baths
1791 Sq. Ft.
$639,000
ID #216015165 – Listing courtesy of Allan Argano, Broker
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PRICE CHANGE
4 beds/3 baths
1910 Sq. Ft.
$649,000
ID #216013735 – Listing courtesy of Ventana Properties
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4 beds/3 baths
2504 Sq. Ft.
$829,888
ID #216015956 – Listing courtesy of Strategic Realty Inc.
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5 beds/5 baths
3122 Sq. Ft.
$1,200,000
ID #216015954 – Listing courtesy of Keller Williams Westlake Village
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4 beds/5 baths
4054 Sq. Ft.
$1,440,377
ID #216015964 – Listing courtesy of The New Home Company
View Details

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This message was sent on behalf of Chris B. Johnson at Allison James Estates & Homes Elite. Some of the information in this email is copyrighted by the local Multiple Listing Service.

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Chris B. Johnson, Realtor, CDPE, SFR, BPOR, HAFA, CDAT

Allison James Elite

Cell # 805.208.0823   CA. BRE 01501699

Email: ChrisBJohnson@gmail.com

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Allison James Estates and Homes Elite
587 W Los Angeles Avenue
Moorpark, Ca 93021
(805) 208-0823
http://www.ChrisBJohnsonRealtor.com

 

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Moorpark Short Sale Specialist Moorpark Short Sale Help #ChrisBJohnsonRealtor


Below you will find some listings that you may be interested in. If you like anything you see, don’t hesitate to email or call with your questions.

 

Chris B Johnson, REALTOR® CDPE, SFR, BPOR, CHS, PSC, CSSN, CDAT

Allison James Estates & Homes Elite

CA BRE 01501699

Office phone: 805.208.0823

Email:      ChrisBJohnsonRealtor@gmail.com

ChrisBJohnson@sellventuracountyhomes.com

Website:  http://www.ChrisBJohnsonRealtor.com

www.sellventuracountyhomes.com

http://ChrisBJohnson.housingtrendsenewsletter.com

http://www.linkedin.com/in/chrisbjohnson

http://www.VCNeighborhoodValues.com

 

Send an Email

SEARCH All Properties for sale in 91359, 91376, 91319, 91358, 91362, 91361, 91360, 91320, 91301 - No Minimum Price to No Maximum Price, 0+ Beds, 0+ Baths

SHORT SALE
3 beds/3 baths
1948 Sq. Ft.
$705,000
ID #216015864 – Listing courtesy of Albert Maxwell Goldberg
View Details

PRICE CHANGE
4 beds/3 baths
2250 Sq. Ft.
$728,900
ID #216015328 – Listing courtesy of Berkshire Hathaway HomeServices California Realty
View Details

PRICE CHANGE
3 beds/3 baths
1958 Sq. Ft.
$735,000
ID #216013743 – Listing courtesy of RE/MAX Infinity
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PRICE CHANGE
4 beds/3 baths
2388 Sq. Ft.
$769,000
ID #SR16181660 – Listing courtesy of Broker Intrust Real Estate-Hos
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PRICE CHANGE
3 beds/3 baths
2430 Sq. Ft.
$839,000
ID #216012494 – Listing courtesy of RE/MAX Olson & Associates Inc.
View Details

3 beds/3 baths
2263 Sq. Ft.
$910,000
ID #216015177 – Listing courtesy of Keller Williams Westlake Village
View Details

PRICE CHANGE
4 beds/3 baths
2923 Sq. Ft.
$928,000
ID #216014201 – Listing courtesy of Berkshire Hathaway HomeServices California Realty
View Details

PRICE CHANGE
4 beds/3 baths
2923 Sq. Ft.
$979,900
ID #216013640 – Listing courtesy of Berkshire Hathaway HomeServices California Realty
View Details

5 beds/5 baths
4935 Sq. Ft.
$1,749,000
ID #216015812 – Listing courtesy of Ewing & Assoc. Sotheby’s
View Details

4 beds/4 baths
4402 Sq. Ft.
$1,849,500
ID #SR16748586 – Listing courtesy of Berkshire Hathaway HomeServic
View Details

5 beds/5 baths
6450 Sq. Ft.
$2,100,000
ID #216015078 – Listing courtesy of SG Associates
View Details

6 beds/8 baths
6936 Sq. Ft.
$2,675,000
ID #216015890 – Listing courtesy of Engel & Voelkers, Westlake Village
View Details

There are more listings matching this search View All New Listings

This message was sent on behalf of Chris B. Johnson at Allison James Estates & Homes Elite. Some of the information in this email is copyrighted by the local Multiple Listing Service.

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Moorpark Short Sale Specialist Moorpark Short Sale Help

My Market Insider – Update for June 2016

HyperLocal Updates   Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval           Neighborhood Market Report          Time To Buy A Home

Dear VenturaCountyShortSaleSpecialist,Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a “Market Insider”!
Market Area: 93021
Listing Price $788,480
Listing Price Trend -0.01%
Sold Price $572,060
Sold Price Trend -1.28%
Just a fraction of what’s happening…
click now to view more local market conditions!
View Market Insider
Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.
Featured “Insider Tip”
Article PictureNew App Shows Healthy Home Basics
The U.S. Department of Housing and Urban Development recently unveiled a new mobile app to help educate the public about hidden home hazards that can impact the health of their families. The …
Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!
As always, thank you for your time and feel free to get in touch if you have any questions.

Yours truly,

Chris B. Johnson

Chris B Johnson, REALTOR® CDPE, SFR, BPOR, CHS, PSC, CSSN, CDAT

Allison James Estates & Homes Elite

CA BRE 01501699

Office phone: 805.208.0823

Email:      ChrisBJohnsonRealtor@gmail.com

ChrisBJohnson@sellventuracountyhomes.com

Website:  http://www.ChrisBJohnsonRealtor.com

www.sellventuracountyhomes.com

http://ChrisBJohnson.housingtrendsenewsletter.com

http://www.linkedin.com/in/chrisbjohnson

http://www.VCNeighborhoodValues.com


This message was sent on behalf of Chris B. Johnson at Allison James Estates & Homes Elite
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Moorpark Short Sale Specialist Moorpark Short Sale Help #ChrisBJohnsonRealtor

Time To Buy OR Time To Sell Your Thousand Oaks Home?? - CDPE

Google+   Chris B Johnson, REALTOR®SFR®CDPE®, CHS®

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Chris B. Johnson, Realtor, CDPE, SFR, BPOR, HAFA, CDAT

Allison James Elite

Cell # 805.208.0823   CA. BRE 01501699

Email: ChrisBJohnson@gmail.com

www.ChrisBJohnson.Realtor       My FaceBook Page

 

Chris+B+Johnson - Top Real Estate Agent on UpNestWhat’s my home worth?

Are Home Values UP or Down?         Ventura County Market Updates

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Moorpark Short Sale Specialist Moorpark Short Sale Help #ChrisBJohnsonRealtor

HyperLocal Market Updates             Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®

Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval           Neighborhood Market Report          Time To Buy A Home

A Possible Housing Meltdown? These Experts Respectfully Disagree | Simplifying The Market

A Possible Housing Meltdown? These Experts Respectfully Disagree

We want to let you know that “rumors of a new market meltdown” are not based on any reputable data. As proof, we offer you the comments of the following experts who have a totally different view on the current housing market.

Lawrence Yun, Chief Economist at NAR:

“In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”

Jonathan Smoke, Chief Economist at realtor.com:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

Andrea Riquier, MarketWatch housing reporter:

“I’m calling the end of the housing “recovery.” On to ‘expansion.’”

Freddie Mac:

“Despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”

Steven Russolillo, Wall Street Journal housing reporter:

“A recent gauge of home builder sentiment held firmly in positive territory, according to the National Association of Home Builders. Perhaps more important, expectations for sales in the next six months jumped to the highest level of the year.”

Fannie Mae:

“Our latest housing tracker shows that the first quarter of 2016 was the second fastest first quarter pace of home sales in the past decade… Home sales typically rise in the spring and summer months, and we anticipate an acceleration in home sales that will surpass 2007′s pace by late summer.”

 

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Moorpark Mortgage Rate Update & Home Value #ChrisBJohnsonRealtor

Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval      Neighborhood Market Report               Time  To Buy A Home

BY 

Real Estate Agent with Allison James Elite CA. BRE 01501699

Chris B Johnson, REALTOR®SFR®CDPE®, CHS®           What Is My Home Worth?

Your Real Estate Update                                                               HyperLocal Updates

Weekly Mortgage Rate Update

 

A wide range of major U.S. economic data was released over the past week covering the labor market, manufacturing, services, and housing. Overall, the data suggested that U.S. economic growth and inflation were a little stronger than expected. As a result, mortgage rates ended the week higher.  

THIS WEEK’S RATE TREND IS UP

Chris B Johnson, REALTOR®               Featured Listing                   Time to Sell Your Home?  

Mortgage Pre Approval      Neighborhood Market Report               Time  To Buy A Home

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Moorpark Short Sale HELP Market Conditions Report #ChrisBJohnsonRealtor

My Market Insider – Update for February 2016
Dear Moorpark Short Sale Homeowners,Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a “Market Insider”!
Market Area: 93021
Listing Price $847,290
Listing Price Trend -0.01%
Sold Price $419,900
Sold Price Trend + 6.83%
Just a fraction of what’s happening…
click now to view more local market conditions!
View Market Insider
Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.
Featured “Insider Tip”
Article Picture18 Countries Launch Unprecedented Global Alliance to Combat Climate Change

 

 

On Thursday, 18 countries, and over 60 organizations launched an unprecedented Global Alliance for Buildings and Construction to speed up and scale up the sector’s huge potential to reduce its e… 

Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!
As always, thank you for your time and feel free to get in touch if you have any questions.

Yours truly,

Chris B. Johnson

Chris B Johnson, REALTOR® CDPE, SFR, BPOR, CHS, PSC, CSSN, CDAT

Allison James Estates & Homes Elite

CA BRE 01501699

Office phone: 805.208.0823

Email:      ChrisBJohnsonRealtor@gmail.com

ChrisBJohnson@sellventuracountyhomes.com

Website:  http://www.ChrisBJohnsonRealtor.com

www.sellventuracountyhomes.com

http://ChrisBJohnson.housingtrendsenewsletter.com

http://www.linkedin.com/in/chrisbjohnson

http://www.VCNeighborhoodValues.com


This message was sent on behalf of Chris B. Johnson at Allison James Estates & Homes EliteClick The Links For HyperLocal Market Updates            Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®

Chris B Johnson, REALTOR®Neighborhood Market Report  Mortgage Pre Approval  Time To Buy A Home

Moorpark Home Values & Market Trends                     Moorpark Condo Values & Market Trends

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Moorpark Short Sale Help, Moorpark Home Sellers Play Chess… Not Checkers

Chris B Johnson, REALTOR®SFR®CDPE®, CHS®

Play Chess… Not Checkers | Simplifying The Market

Play Chess… Not Checkers

Checkers is a simple game with a simple objective; eliminate the other player’s pieces. Even the process of doing so is simple, jump the other player’s pieces and start a collection. There is very little thought as to a defensive strategy and it is often more reactive than strategic.

 

Even though the objective of Chess is simply laid out — obtain the other player’s King — the process in which to obtain this goal is much more strategic. Chess requires a greater understanding of the ability of each of the 9 different pieces on the board and a risk assessment that takes longer than a simple scan of the board.

“It’s a game in which the winning strategy is dynamic and requires complex thought across many turns, both for the player and their opponent’s turns.  Chess requires a player to understand the context behind the moves on the board rather than just the risks offered by each individual turn.” –Play Chess Not Checkers by Zach West

You may have heard the saying, “Play Chess, Not Checkers” before, but how does this apply to real estate?

Plan past your next move

So you want to sell your house. You can just put a sign in your front yard and call it a day, right? Wrong! The process of listing your home for sale and what happens next is much more complex than that.

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, and who knows what these actions are to make sure that you acquire your dream?

One example, as we’ve reported before, is the fact that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. Most real estate agents have an extensive internet strategy to promote the sale of your home. Do you?

Identify Risks & Defend Against Them

An experienced real estate professional knows the obstacles associated with buying or selling a home and works closely with other professionals to ensure the process is a smooth one.

Practice Makes Perfect

Just like with any skill, practice and experience bring a sense of confidence and expertise. Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

Bottom Line

With an experienced Real Estate Professional on your side, even the complex process of buying your next home or selling your house can be strategically navigated.

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Moorpark Short Sales Short Sales Are EXEMPT From Deficiency Judgements

Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®  

Neighborhood Market Report  Mortgage Pre Approval  Time To Buy A Home

Moorpark Home Values & Market Trends                     Moorpark Condo Values & Market Trends

Oxnard REO Coming To Market                                        What Is My Home Worth?

A California homeowner whose home was underwater asked her bank to approve a short sale of their home and the bank agreed… but under one condition.  The borrower would have to agree to waive her anti-deficiency protection, which means that she would be responsible to pay the difference between the sales price of the home and what was owed.

The homeowner agreed… the home was sold for less than the amount owed on the mortgage… and the bank moved to recover the amount of the deficiency.  And were that all there was to the story, it would seem like just another day of the foreclosure crisis and I’d hardly have noticed it, let alone have written about it.

This time, however, the homeowner turned to the courts, filing a complaint that asked the court to rule that the bank could not obtain a deficiency judgment against her based on California Code of Civil Procedure §580b.  That statute, while it would protect a borrower from a deficiency judgment in the case of a foreclosure, was less clear as to whether the protection would extend to short sales.

SHORT

The homeowner’s lawsuit was subsequently dismissed by the trial court, but the appellate court reversed the lower court’s decision, ruling that §580b did in fact prohibit deficiency judgments after ANY kind of sale… assuming it was a purchase money obligation.  [Coker v. JP Morgan Chase Bank, N.A., 2015 Westlaw —–  (Cal.).]

The bank, of course, also argued that the homeowner had agreed to waive any such protection against deficiency judgments, but the high court responded by stating that contractual waivers of §580b are simply unenforceable.

Frankly, I can’t imagine that ruling happening several years ago, so all I can say about it now is… WOW.  It really does show that things do change, perhaps not as quickly as we’d like them to, but in time.

Next, the bank took the case to the California Supreme Court, arguing that since the facts of the case applied to the pre-2012 version of §580b, the anti-deficiency protections should only apply in cases where a foreclosure sale had taken place.  However, just a few days ago, the California Supreme Court unanimously ruled against the bank’s arguments… and ruled in favor of the homeowner. 

The court apparently based its ruling on earlier decisions, determining that in order to protect homeowners from deficiency liability on purchase money obligations, regardless of whether a foreclosure sale had been held, or not… they had all broadly interpreted California Code of Civil Procedure §580b.

So, that’s that.  Assuming we’re talking about a purchase money mortgage, as opposed to a Home Equity Line of Credit used for other purposes, for example, California homeowners don’t have to worry about a lender coming after them to collect amounts not recouped from the sale of their homes… whether the sale occurred as a result of a foreclosure or short sale.

It seems to me that this is an important victory for California’s homeowners, especially since the foreclosure crisis is nowhere near over in this state… but not all legal experts agree. 

This week, Professor Dan Schechter of Loyola Law School, who was involved in the drafting of proposed amendments to clarify earlier versions of the statute, writing for his Commercial Finance Newsletter, published each week on Westlaw, had the following to say about the net effect of the decision…

“Given the enactment of §580e and the ‘reformatting’ of §580b, I do not think that this opinion will have a major impact in future litigation over the application of §580b, since new §580b and §580e now occupy the field.”

What does any of that mean exactly? 

I have no earthly idea, except to say that to me it means that you should consult an experienced attorney before deciding to take legal action based on this decision, because just like all legal rulings and statutes, it’s not black and white in all respects, or as simple as it appears on the surface.

Banks will be banks…

According to Professor Schechter’s analysis of the decision, the bank also questioned whether such a broad interpretation of §580b would serve to encourage borrowers to strategically default… or even cause borrowers to pay more than the market value for homes, because of knowing they have no risk of deficiency liability in all cases involving purchase money. 

The court declined to weigh in on either of those issues, thank the Lord, only offering that earlier cases in California have “implicitly rejected” both ideas.  Clearly, the intent of the state legislature was to protect California homeowners from deficiency liability related to purchase money loans, and now it’s a matter of law that such protection is in place regardless of whether a foreclosure or short sale was involved. 

The other two points about the potential for such broad protection to encourage strategic defaults… or the equally remote risk of borrowers over-paying for properties, didn’t deserve a response, so I applaud the court for its decision not to respond.

For one thing, both claims represent little more than the same sort of scare tactics we’ve seen in countless other arguments made by lenders since the meltdown began in 2008.  And for another, because there are far too many unknowns that could either limit or increase the potential for such outcomes, neither claim can be asserted with any certainty in the hypothetical.

Professor Schechter, although he sees it a bit differently, arrives at basically the same place, writing in his article dated February 1, 2016…

“I believe that both of those arguments have merit but that the Legislature will never change the rule protecting homeowners from liability, for obvious political reasons.”

Again, that does sound like legislative attitudes have changed in this state, which gives me reason to hope that such changes are still coming, but the bottom-line is that this decision makes clear that California homeowners are to be protected against deficiency liability on purchase money loans… period.

And that simply cannot be anything but a positive thing for homeowners, so I think it’s safe to say that this one goes in the “win” column for consumers, which means the bankers can go home and lick their wounds for a change.

Did that come off as being petty?  Perhaps it was, but after watching the courts butcher borrowers for any number of reasons over the last six years, I can’t help but be happy about the proverbial pendulum swinging towards the homeowner’s side, even if just a little bit.

Mandelman out.

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