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Archive for December, 2011

December 30, 2011 Mythbusters: Positive Cash Flow

Positive cash flow with a San Diego property… Does it exist? In the early 2000’s many of Southern California’s population became “real estate investors”. In 2005 a licensed real estate agent shared his philosophy with me: Appreciation rates of 20%+ per year will be sustained indefinitely; therefore, the smartest thing for a person to do [...]

December 20, 2011 Steps to the Foreclosure Process

The steps and terminology involved in the foreclosure process in California are often misunderstood. Here’s a quick summary of the basics: In California, the majority of foreclosures are non-judicial. This means they are processed outside of the courts. Once a home owner falls 31 days behind on their payment, the lender has the right to [...]

December 13, 2011 November Foreclosure Statistics

The November foreclosure reports are out. We watch San Diego County and the State of California new filings, outcomes and inventory on a monthly basis. Here’s a quick summary of the November report: Filings: On both the County and State level, we saw an almost 15% decrease in new Notice of Default (NOD) filings over [...]

December 8, 2011 HARP (not the kind that makes music)

You may have heard mention of “HARP” in the last few weeks. While the news was music to my ears, it was not referring to the popular stringed instrument. HARP stands for the Home Affordable Refinance Program. It’s a government sponsored program that is meant to encourage consumers NOT to walk away from their mortgage. [...]