Archive for July, 2018

Homeownership and Divorce: What To Do About Your House

Posted on July 27, 2018. Filed under: Divorce, Home Seller Tips, Homeownership, Homeownership during divorce, Orange County Real Estate, RCSD Designation | Tags: , , , , , |

The evil D word, nobody wants it, but it happens to 50% or more of us. Orange County sky rockets the national divorce average from 50% to 72%. Did you know that divorces spike in August and January? As summer winds down, we thought it would be a good idea to give you some pointers on this super touchy subject.

Listing your home during a divorce

MANY of our listings are divorce sales, and we strive to provide solutions to better protect our clients. It’s a HARD time, and we want to make it as easy as we can when it comes to the most important asset. For this reason, I just earned my RCS-D designation with Professor Kelly Murray, who has degrees from Stanford & Harvard Law. Watch this video to find out some important tips to a successful resolution of the house during a dissolution:

 

RCS-D-No-Background-AltReal Estate Collaborative Specialist – Divorce

Did you know that less than 50 Realtors in Orange County, CA have this prestigious designation? Did you know the standard in divorce when it comes to real estate is an appraisal and a mortgage statement?? That’s IT.

  • NO inspection reports
  • NO previous title search for liens or secret mortgages
  • NO insurance search to confirm the property can be refinanced
  • NO preapproval to make sure the home can *actually* be refinanced by one party or the other on their own

Property division is permanent, and not all divorce attorneys are stellar when it comes to real estate handlings. Things you sign in mediation are binding, and sometimes you feel rushed into these decisions. CONTACT US for a no obligation conversation on how you can protect yourself before you ever walk into court or mediation.

Hard Scenarios You MUST Consider During Divorce

Scenario 1: “Oh, just let them keep the house.”

Are you sure about that? One late payment can be 100 credit points! Do you care about your credit score? Ask yourself: Can you or your ex ACTUALLY qualify for the refinance?

  • For example: Can you use your alimony or support payments, and if so, how soon? Many banks have a 6/36 rule. They want to see 6 months consistent income, and receive evidence that 36 months of income will continue before they will lend.

Depositphotos_10853301_s-2015Scenario 2: “It’s ok, I’ll just go buy another house.”

ASK: If you allow your ex to keep the house, will YOU still qualify for with your name on the old mortgage? Can you start your next chapter?

  • For example: In the eyes of a lender, both parties don’t have 50/50 responsibility on a loan……you each have to pay 100% if the other defaults. Does this ruin your chances of qualifying for a second home in your name? Make it a point to find out before you make a promise you can’t keep.

Scenario 3: “I lost my job / health & I can’t pay.”

Consider what might happen in a worst case scenario. Would you be able to carry two homes to save your credit? Or possibly be willing to sell in a down market?

  • UNFORTUNATE FACT: Only 25-30% of individuals regain homeownership 7-10 years after foreclosure. Don’t let your divorce put you into this pool.

If you need help deciding what to do with your house during a divorce talk to the proper Divorce Professionals who can give you the protection, tools, and timeline to make your future a success. We have an entire team waiting to assist you, from moving out all clutter for free to pulling the necessary paperwork to know what you truly owe and own on your properties.

Please reach out to Angie via phone or text anytime at 949-338-7408. Always confidential, always caring, always at your service.

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Summer Living at Lake Mission Viejo

Posted on July 20, 2018. Filed under: Homeownership, Lake Mission Viejo, Making Life Easier, Summer fun | Tags: , , , , |

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We just activated our lake pass for the summer at Lake Mission Viejo! We wanted to share our excitement about this beautiful spot and encourage locals to activate yours and join us this summer. Any homes that were built in 1978 or after within the boundaries of Lake Mission Viejo automatically come with membership! You can also contact the membership association and see if your home can be added to the association.

Bring guests to enjoy the lake with you!

It’s only $3 a day for each guest that you want to bring along with you to enjoy the fun in the sun! If you’re bringing kiddos under the age of 8 to play at the lake then they are free of charge, but they count towards the total number of guests you can bring for that day. Each family can bring up to 15 guests every day besides for summer weekends when 10 guests are allowed per family. You can also let your guest come along for fishing trips for just $12 a day. On Concert Days there is a $15 fee per guest, with guests limited to 4 per member household at the North Beach. Regular guest policies apply to the East Beach. Members submit a LMVA guest list and can either pre-pay or pay during check in. Guests have to check in with their member and the member has to accompany them all day, but why wouldn’t you want to spend the day with your friends at the lake?
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Events you won’t want to miss

Two concerts a month for the rest of the summer are put on by LMVA! LeAnn Rimes us performed on the 7th and Gladys Knight is coming up soon, you can checkout the rest of the summer schedule here. Concerts, family fun days, movie nights and special events go on all year long at the lake! This summers calendar is packed and you’re not going to want to miss out on the fun.

More fun in the sun!

Another thing we want you to know about is the contest the LMVA puts on every year called “Paint The Lake.” If you’ve got some built up artistic talent that you’ve been waiting to unleash now is the time. The winner of this takes him $500! Paint the Lake is judged by any attendees of the last concert of the year. You’re allowed to submit multiple, all you have to do is bring a blank canvas or two to get stamped by Lake Mission Viejo. One of our favorite things to do on the lake is rent a boat to spend the day on! Members can rent all kinds of water fun activities from paddle boards to pontoon boats for really amazing prices. If this doesn’t make you go get your lake membership activated today, I don’t know what will!
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Loan Advisor for your Southern California home

Posted on July 6, 2018. Filed under: Conventional Loan, FHA loans, First Time Buyer help, Homeownership, Lenders & Loan info, Loan Advisor, Making Life Easier, Orange County Real Estate | Tags: , , , , , , , |

mortgageloan

Need help with a loan for your home?

We value strong work relationships so much in our line of work. Successful home buying includes many different people and many different skills, and we couldn’t be as successful as we are without the help of our favorite referrals. When our clients are needing help with a loan to purchase their home or refinance on a loan they currently have, we frequently match them with Derek Beisner at RPM Mortgage.

Derek has an ‘advance approval’ program which basically makes buyers look as good as cash investors. This approval allows us to write out the loan contingency and close a loan in 21 days. In today’s tough market, this helps our buyer offers rise to the top of the pile!

Loan Advisor with RPM Mortgage

Derek Beisner has over 20 years of experience in the loan business. We have known each other through Orange County LeTip for almost fifteen years and he is the trusted mortgage lender in our group. He specializes in residential home purchases and refinance loans. His creative problem solving and forward thinking sets him apart from the rest. A key part of what he does for our clients and his own is a Custom Mortgage Analysis to determine the best loan option available that will suit their specific financial needs. This helps make sure each client has a loan that is going to work best with their lifestyle and financial situation. His expertise in the loan profession and his passion for serving clients, as well as, his determination to close on time will win you over (it sure did us)! Derek is one of our preferred Vow2Save lenders and he can loan in all states! Vow2Save is a very important program to us, allowing engaged couples to register for a down payment on their first home, so we only refer the best of the best to these couples.

derek

Mortgage Done Right

Derek’s Mission Statement shows just how reliable and easy he is to work with. It also shows you how seriously he takes his profession and the passion that allows him to do it so efficiently.

Mission Statement
My goal is to provide my clients with an unbelievable experience from start to finish with the loan process. By developing a vehicle for them to achieve the goal for their loan or refinance in a friendly and stress free environment.

It is my desire to conduct my business with the highest level of integrity and respect for my clients and co-workers.

And it is important to me to honor God in all that I do.

If you’re looking for help on a new or existing loan and you’re not sure who to contact the AskAngie team highly recommends Derek. Contact him at dbeisner@rpm-mtg.com or 949-637-9939 and if you’re looking for the perfect home to use that loan on contact Angie at 949-338-7408.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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