RE/MAX Lakeside sells Lake Arrowhead Real Estate

Posts Tagged ‘Lake Arrowhead Bank Owned Properties’

Lake Arrowhead area Listings

Call JoAnn Dickinson Today and schedule a private tour to any of these beautiful Lake Arrowhead homes.

 (909) 260-8228

783 GOLF COURSE. Adorable home with distant views. Offers 3 bedrooms, 2 baths, loft upstairs w/master, 2 bedrooms on main, parking deck off access road for easy access & great deck with views. $249,000

28963 PALISADES. Charming Lake House Just Steps away from Lakes Edge! Offering 3bed, 2 ba, bright livngroom w/fp, kitchen w/eating area, bedroom/bath on main level, large deck for entertaining, filtered lake views, dock across the street 1/2 Dbl Dock for addition $95k in calm Emerald Bay.$299,000

312 BIRCHWOOD. Newer construction on a very private lot offering 5 bed, 3.5 Baths, open kitchen, living room, 1/2 ba. On main, 3/2 on 2nd level, 2/1 Jack & Jill on 3rd level, Play Deck for kids off 3rd level, beautiful distant views. Includes wired gen., partially furnished. Snow removal in place. Off access rd. at 323 Old Toll. $395,000

28527 SHENANDOAH. Beautifully maintained home offering 3/2 master on main, open kitchen w/granite counter, updated cabinets, newer app. included Large living room offers new stone fireplace, fresh paint, newer carpet, dual pane windows, 4yr new roof, ext. stone work, serene back & side patio area, deck off 2nd bedroom, fully landscaped w/dogwoods in bloom, fenced backyard for pets, 2/gar, RV parking in back, workshop below front steps. $429,000

1636 EAST BIG BEAR BLVD. Bank owned property 3 bedrooms 2.5 baths, 1944 sq. feet lot size 7800 sq. feet. Two car garage. This new construction is located in an equestrian area and very close to Ski Resort and Big Bear Village. Seller may complete construction upon request. $295,000

363 CEDAR COURT. “Circa 1932″ absolutely adorable Vintage Blue Jay Canyon Cabin! Complete remodel with guest quarters or poss. rental. Home offers 3 bed, 2.75 baths, original hardwood flooring, workshop, AC, 2 car garage. Beautiful grounds w/dogwoods, lilacs and vinca for the traditional Lake Arrowhead landscape. Deck, back patio & Paver sitting areas to relax & enjoy the tranquility of Blue Jay Canyon bordering Lake Arrowhead. $369,000

To View more Lake Arrowhead Listings go to YOUR LAKE ARROWHEAD HOME

RE/MAX Lakeside Lake Arrowhead Real Estate

California Association of Realtors reports; Mortgage delinquencies decline in April.

According to the California Association of Realtors, The number of delinquent mortgages loans-borrowers behind on their payments by 30 days or more, or who were in the foreclosure process-declined to 6.18 million in April compared with March, according to a report by Lender Processing Services.  Meanwhile, REO inventory rose 20.7 percent to 1.13 million units, a new high, compared with a year ago, according to the report. To learn More go to the LPS Mortgage Monitor.

RE/MAX Lakeside Lake Arrowhead is the OFFICIAL and  ONLY Lake Arrowhead Real Estate Agency with the advantages of the most aggressive advertising, promotion and recognizable brand in Real Estate history.

 Where Did The RE/MAX Ballon come from?

Admittedly, when RE/MAX began its relationship with hot air ballooning in 1978, the motivation was pretty straightforward: As a fledgling real estate network we needed a marketing image that would get noticed.

Just five years old at the time, RE/MAX already held more market share in Denver, the network’s birthplace, than any competitor. Word of mouth was spreading fast about the network of highly experienced real estate agents who were proving to be more experienced, productive and knowledgeable than anyone else on the scene.

But market studies showed that among consumers in general, name recognition of RE/MAX ranked well below many lesser competitors.

Meanwhile, in New Mexico, a few RE/MAX agents and their regional leaders dreamed up the idea of entering a red-over-white-over blue RE/MAX Balloon in the 1978 Albuquerque Hot Air Balloon Fiesta. The RE/MAX ground crew wore jackets with patches that read, “Above the Crowd! ®”, a phrase devised by an Affiliate. And as often is the case with hot air balloons, the RE/MAX Balloon really grabbed some attention. Plus, the imagery meshed perfectly with the RE/MAX network’s emphasis on innovation, freedom and leadership.

RE/MAX International executives in Denver enthusiastically adopted the balloon image as the corporate logo. Within a year, Colorado had its own RE/MAX Balloon, and featured it prominently in a local television campaign. Within four months, RE/MAX held top name recognition in the Denver market.

Besides highlighting promotional events, RE/MAX Balloons fly at all the major – and many minor – hot air balloon meets across North America. RE/MAX Balloon pilots introduce school classes to ballooning, and couples ask to be married in the balloon.

The average RE/MAX Balloon makes 65 appearances a year, each event averaging more than an hour, for a fleet total of about 6,400 hours of advertising – equal to nearly nine months of 24-hour flying.

The network’s major graphic symbol, the RE/MAX Hot Air Balloon image appears on “for sale” signs, bus benches, billboards, in print advertising and television commercials. Today, RE/MAX is one of the most recognized real estate brands and logos across the globe. And RE/MAX Lakeside in Lake Arrowhead is the Official RE/MAX of Lake Arrowhead and the surrounding communities.

The RE/MAX Web Site pulls in nearly 3 MILLION UNIQUE VISITORS MONTHLY. Patrons can search for residential or commercial listings in any of the nations served by RE/MAX. They can also connect directly to RE/MAX  agents Office’s like RE/MAX Lakeside Lake Arrowhead. It’s not just hype, RE/MAX sells more Real Estate Period. RE/MAX Lakeside Lake Arrowhead is the only Lake Arrowhead Real Estate agency with this exclusive marketing technology at there finger tips.

Nobody Sells more Real Estate than RE/MAX. Where Do YOU Want To Be?

Contact RE/MAX Lakeside Lake Arrowhead Today and let us show you how the RE/MAX brand can work for you.

27169 State HWY 189 Suite 1

Lake Arrowhead CA,  Blue Jay Village 92352

(909)337-9999 office

(909)336-9307 fax

Many of the homes for sale today – as many as half in some markets – fall under the category of “distressed properties.”

These are homes that have either gone through foreclosure or are being marketed as “short sales.” In a short sale, the homeowner can’t afford to maintain the mortgage, but the lender – rather than foreclosing – agrees to the sale of the property for less than the balance of the loan.

These types of sales have different dynamics than traditional sales – with more paperwork, often a longer transaction process and, in some cases, more frustration. For these reasons, many buyers shy away from foreclosures or short sales.

However, if you understand the potential pitfalls of purchasing a distressed property – and work with an agent who has a thorough knowledge of this market – you can get a great home at a great price.

Thousands of RE/MAX agents have been specially trained in working with foreclosures or short sales through the Certified Distressed Property Expert class or a similar course. They can guide you through the process and help you locate and purchase just the right home for you.

Find a RE/MAX agent in your area.

This is an outstanding time to buy a home – distressed property or not. With historically low interest rates, and a glut of homes on the market in most areas, there are bargains to be found. And the U.S. tax credit of up to $8,000 for first-time buyers – good for a home purchased before Dec. 1, 2009 – makes purchasing a home even more attractive.

Is a distressed property for you? Here are pros and cons of buying one.
Advantages of Buying a Distressed Property
First, you’ll be dealing with a highly motivated seller – either a bank in the case of a foreclosure, or in a short sale, sellers who are in financial trouble and very interested in getting out of a mortgage they can no longer afford.

These types of sales take much of the emotion out of the process. You won’t be insulting anybody, for instance, if you make an offer that’s lower than the asking price. (That’s not to say that the low offer will necessarily be accepted, of course.)

Lenders are extremely interested in getting these homes sold and off the liability side of their balance sheets. Many foreclosed properties can be purchased for only a percentage of what they would have commanded five years ago. (This situation is beginning to change, though; bidding wars are breaking out on some foreclosed properties these days, especially those that are moderately priced. Your RE/MAX agent will know what’s going on in this area and will be able to help you arrive at a reasonable strategy for making an offer.)

If you’re looking at a short sale, you’re not likely to get quite as good a deal as on a foreclosure. But there are definite advantages to purchasing one of these homes. For one thing, since the homeowners want to get the home sold quickly, they are likely to keep it well-maintained and in good move-in condition.
Disadvantages of Purchasing a Distressed Property
If you’re looking for a “steal,” you’re probably not going to find it. The market is heating up, with more and more buyers jumping into the market. If you’re purchasing a home to live in, you’ll often be competing not only against buyers similar to yourself, but against investors. More competition inevitably leads to higher prices.

The transaction process for short sales or foreclosures often takes longer than for traditional transactions. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get it all sorted out – especially if there’s a second mortgage involved, which is often the case.

Some foreclosed properties are also in rough condition. Many have sat idle for a long time with minimal or no maintenance. The departing owners may have sold off fixtures, or damaged the property.

Interested in searching for foreclosures in your area? Access the Foreclosed Properties database here on remax.com.
Purchasing Tips
It’s critical to have the home professionally inspected before you make an offer or put down earnest money. The inspector will assess the structure’s soundness and may uncover problems that would be very costly to repair. Banks usually sell foreclosed homes as-is, meaning they won’t make any allowances for repair. And even in a short sale, they likely won’t make any such allowances, because they’re already losing money on the transaction.

You should have your financing in order before pursuing a foreclosure purchase. Pre-approved buyers have the best chance of getting the property in case of multiple offers. Also, banks generally aren’t interested in contingencies (for instance, needing to sell your current home before purchasing another).

You might also consider hiring an appraiser who’ll tell you what the house is worth. A RE/MAX agent can also perform a Comparative Market Analysis.

To guide you through the process – from obtaining a loan to identifying a home, to negotiating with the sellers (whether homeowners or banks), to closing – contact a RE/MAX agent.

Mortgage and foreclosure terms defined.
Distressed Properties and FHA Loans
If you’re a first-time homebuyer, a federally insured FHA (Federal Housing Administration) loan might be a good option. The FHA has a program to help you repair a fixer-upper. You can get one loan that combines the mortgage with the repair costs. The amount of the loan is based on the projected value of the property once repairs are made.

FHA loans only require a 3.5 percent down payment – compared to 20 percent with conventional loans – and the down payment can come from an employer, family member or charitable organization. FHA loans also have lower closing costs than conventional mortgages.

Since the federal government insures these loans, you’ll get a competitive interest rate and lenders may be willing to give you terms that make it easier to qualify for a loan. If you have less-than-perfect credit, it’s easier to obtain an FHA loan than a conventional mortgage.