You probably have had no trouble following the news that rates have dropped dramatically. Our office is quoting rates to current clients in the mid- to high 4's on purchase loans and most refinances and the low to mid 5's on new FHA loans. Absolutely incredible. Cash out refinances are still in the low 6's, but they'll come back around. E-mail me right now if you want me to see how these new rates affect you. As long as you have equity in your home, we should look at these. If you don't have equity in your home, you are late in calling me about a Loan Modification. The rules on those have changed to help the regular folks like you and me. The last two I submitted both received approval. It's definitely something you should take advantage of if you have had a job loss, job status change,... 12/17/2008

I know, I know ... the headline is a bit silly. Okay...a lot silly.In all seriousness, I did want to tell you what we are seeing in the market. mortgage rates have been following the stock market up and down. Overall, rates have been attractive the last six to eight weeks - then they really bottomed out today - I mean REALLY bottomed out! For the first time in recent memory, rates have dipped below 5% ... no that's not a typo ... rates that start with a 4... I've had to pinch myself today to make sure I'm reading the rate sheet correctly (I am!). My real hope is that the rates will stay like this for a couple of months, because that will really give the housing market the boost it needs. However, experience shows these types of events are generally accompanied by a very short window of... 12/16/2008

Thank you for visiting my Blog today.  It feels a little funny calling it a Blog, but that's the official term...taken from Web Log. Did you know you can Subscribe to this blog?  On the sidebar, above my picture, there is a button called Subcribe to Blog.  Clicking on that button allows you to subscribe by email.  When you subscribe by e-mail, you'll get an e-mail notification that the blog has been updated.  I understand the e-mail will also give you the content of the update, but I don't know that for sure.  As the blog author, I don't get those updates.  Will you subscribe to the blog and tell me what happens?  I'm sure it's exactly as described, but I want to be certain.   Of course, you know me.  I'll never give away your e-mail address or contact information.  I won't rent or sell... 12/16/2008

I created Mortgage-opolis; a revolutionary customer communication system.  My Clients absolutely love it.  The "gameboard" is a large vinyl magnet that goes on their refrigerator, filing cabinet, etc...  There are two game pieces, also magnets; an SUV and a Moving Truck.  There are dozens of pre-formatted e-mails for you to send.  You just open up the drop down menu in Outlook, select the next e-mail, customize it if necessary and hit "Send".  Your World Class communication will take you only a few moments, but your clients will think it took much longer. The board and the e-mails are specifically designed to educate your client about the process and help you get two referrals for every loan.  Imagine what your business would look like with that model in place! Mortgage-opolis; a comple... 12/15/2008

E-mail is a wonderful communication tool that I rely on heavily. Whether it is business or personal, I have learned to be very careful about hitting "Reply".Most e-mails are pleasant and businesslike. Occasionally, you get a ringer from someone who is having a bad day and it is tempting to Reply with "Oh Yeah!?!?" and go on a rant. You can't. You can't because you cannot take it back. You can write that e-mail, just don't send it. Give yourself a couple of hours and reread your response. I can virtually guarantee you will tone it down or delete it all together.Another great tool is to copy someone on your response. It holds you accountable and reminds you that your e-mail can be forwarded, saved, posted to the Internet, etc...Don't hit "Send" when you are irritated.  That's not the pers... 12/14/2008

Below is a complete list of Anaheim Hills CA homes for sale that are bank owned | foreclosures | REO | repos. Call me at (714) 272-3646 or email at npetrossi@yahoo.com    Visit my Anaheim Hills and surrounding area website ---->  CLICK HERE As far as listing your home goes, you will not find a Realtor or company that will give you more online exposure than Nic Petrossi and Prudential Realty. Tue, Nov 18, 2008 02:59 PM RES MLS # Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM   1  P657119  A   2     H  T  Q  CONDO  A 5424 Snow Wood B  AH 77 92807  740d7  OTHR/0  3  2/1  2  1    1,068  1973  $214,900  58  *   2  P664978  A   12     H  T  Q  CONDO  A 1097 S Positano Ave   AH 77 92808  771B2  MONC/0  1  1/1  3  2    761  1995  $259,900  3  ... 11/18/2008

Not going to lie to you, the article is really long, but really well written and insightful look at how the current subprime, CDO, bailout scene all came to fruition from a former Soloman Bros. insider from the 1980's... If you have time you'd probably enjoy it, I did... To read the full story, please click here: 11/15/2008

Below is a complete list of Anaheim Hills foreclosures as of Nov. 11, 2008: Call me at (714) 272-3646  email  npetrossi@yahoo.com or visit my website ---> WEBSITE I'd be more than happy to meet with you at my office in Brea on Imperial Highway or to go to your place to talk about listing your home or finding out more about your home-buying needs. Warm Regards, Nic Petrossi, Prudential CA Realty in Brea Tue, Nov 11, 2008 11:35 AM RES MLS # Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM   1  P657119  A   2     H  T  Q  CONDO  A 5424 Snow Wood B  AH 77 92807  740d7  OTHR/0  3  2/1  2  1    1,068  1973  $214,900  51  *   2  P652980  A   1     H  T  Q  SFR  A 5626 E VISTA DEL VALLE   AH 77 92807  770E3  OTHR/0  2  2/1  1  2    1,116  1973  ... 11/11/2008

Someone screen captured many many many of the front-pages from global papers the day after Obama became president-elect... It's great because its vast and you can save the large images of the ones you like. Click on the Newspaper below to preview hundreds more..... original post 11/10/2008

Save with Energy Efficient Equipment Anaheim Public Utilities are now waiving building permit fees for Anaheim residential who retrofit their inefficient equipment with approved energy-efficient equipment up to $1,000 per customer. There are four general building categories: 1. Building 2. Mechanical 3. Electric 4. Plumbing How the Program Works 1. Contact Anaheim Public Utilities for the Permit Fee Waiver. 2. Only energy related equipment that comply with the Advantage Services incentive program will be eligible for the Program. 3. You will be issued the Permit Fee Waiver through mail or Fax on approved energy-efficient equipment which states the applicable permit fees to be waived. 4. You will present the Waiver coupon to the Building Division, when applying for the building permit. 5... 10/25/2008

Homeowners contact your lender and ask how you may qualify for the H4H program. The lenders attached have indicated an interest in refinancing loans under the HOPE for Homeowners program. To view the list of lenders who are participating in the HOPE for Homeowners program click on the link below.   List of H4H Participating Lenders 10/22/2008

  16,352 Notices of Default were filed in September, down from 42,790 in August, a decrease of 61.8% from August 2008, and a decrease of 36.4% from a year earlier. Notices of Trustee Sale: Filings decreased 47.3% from August to a total of 19,116 filings. Filings increased 33.9% from September 2007. Properties sold at auction increased 163.2% from the prior year, to 23,409 sales with a combined loan balance of $9.75 Billion. A 12.4% drop from August 2008 Lenders took back 95% of the properties taken to auction, with a combined loan value of $9.19 Billion. 5% probably taken at the Court house Steps.       original post 10/15/2008

Looking for Summit Hills Real Estate in Anaheim Hills? Welcome to the community webiste, blog and local resource center for everything there is to know about buying and selling real estate in Summit Hills. Please check out my Summit Hills Community website for local info and local happenings. Area Map | Make a Suggestion | Send This Page To A Friend Summit Hills Community October 15, 2008 Anaheim Hills, CA   You can also access all Summit Hills Homes for Sale in Anaheim Hills here on my website. Enjoy! Welcome to Your Summit Hills Interactive Neighborhood Website!This site was designed specifically for you, with all of your Anaheim Hills Real Estate needs and interests in mind. While this is not the official site of Summit Hills Community, it serves as a means to bring all neighbors tog... 10/15/2008

Debt Forgiveness: Banks are in the business of making money everyone would agree and they are pretty good at it, and you would again I'm sure. But to forgive a debt is the last thing a lender wants to do. A month ago executives from four of the biggest Loan providers were adamant to the core that they would exhaust all options before offering any debt consideration or "Principal Reduction" in front of the Home Financial Services Committee. Bank of America said they would only consider forgiveness to those already in the foreclosure process. A representative from Wells Fargo said "We have found that the same affordability can be reached through a 2% - 3% interest rate reduction and term extension, as can be reached through a 25% - 30% Principal Reduction." For example: they would alter t... 10/12/2008

Falling home prices lure more buyers in SoCal   Plunging home prices enticed more buyers into the Southern California housing market in August and fueled a new round of speculation about whether it had hit bottom. The figures released Wednesday by MDA DataQuick show the median home price in the six-county region fell 34 percent to $330,000 in the year ending last month. The figure was down from $500,000 in August 2007 and dropped 5.2 percent from $348,000 in July. A total of 19,366 homes and condos were sold last month, up 9.1 percent from August 2007 but down 4.7 percent from July. "Foreclosure activity remains high, credit is still tight, affordability remains strained on the coast and the job market is soft," MDA DataQuick president John Walsh said. "Some expect prices to bottom out... 09/25/2008

original post 08/29/2008

Streamline 203(k) Mortgages   FHA's 203(k) streamlined rehabilitation loan. This versatile product, while not designed exclusively for energy purposes, can be used to finance up to $35,000 in energy upgrades to a property. From insulation, windows or solar panels, to a new furnace-virtually any energy feature qualifies. Environmental retrofits such as radon mitigation systems are also eligible under the 203(k) program. The Section 203(k) program is HUD's primary program for the rehabilitation and repair of single family properties. It is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. original post 08/29/2008

  Go to Newport Beach Walk on the boardwalk Go shopping Tan Go in the water Have a bonfire Family picnic                                                                                                                                                                                                                          Go to the San Diego Wild Animal Park Take a tour through the inside of the exhibits africa or asia Take a ride on the big balloon Have upclose encounters with wild animals Feed animals Have an amazing time                                                                                                                   GO to The Orange County Fair Go on rides Eat  deep fried white castle burgers Watch the pig races Get hypnotized, airbrush tattoo, corn on the cob Get bug... 07/21/2008

Address                             Bed         Bath         SqFt             Price         DOM Available 7647 E Northfield Ave     3             2         1,249     $524,000     161 7719 E Northfield Ave     4             2         1,493     $579,900     245 7412 E Woodsboro Ave   3             3         1,862     $695,000      26 7311 E Woodsboro Ave   4             3         2,580     $709,900     134 8136 E Woodsboro Ave   4             3         2,393     $739,900      14 7350 E Woodsboro Ave   4             3         2,350     $749,900      81 1286 N Andrea Ln           3             2         1,246     $545,000     39 1260 N Willet Cir            3             2         1,240      $430,000     15 1240 N Potomac Cir        3             2         1,246      $517,500     39 In Escr... 07/15/2008

I visited the Anaheim Hills caravan today to preview properties for a client.  I had heard that attendance was really down....to the point that there were more affiliates than agents the last few weeks...OUCH!! Today it seemed that the agents were back!!  There were 50-60 agents which is wonderful for the sellers. Is this the trend or was this a fluke? 07/10/2008