San Diego Bank Owned detached home. Work needed but LOTS of potential. Beautiful lake and mountain views from most windows. 3 bedrooms plus 1 optional bedroom, 2 baths. No stairs to your front door. Converted 2 car garage easily to convert back. Living room, dining room, family room, kitchen & 1 bedroom on main level. All rooms are loaded with lots of windows and sliding glass doors to make this home show light & bright. Downstairs has 3 bedrooms with separate entrance.
This Bank Owned San Diego Foreclosure is located in the community of Spring Valley at 1309 Maria Ave, Spring Valley, CA 91977.
List Price $203,700
Beds 4 bed(s)
Baths 2 bath(s)/0 half bath(s)
Square Feet 2257
Lot Size 0.15
Year Built 1980
MLS Number 110040354
Property Type Single Family Residential
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The iPad San Diego Home Search on our San Diego Real Estate Web Site makes searching for your new home or condo a snap! You can easily touch what area of real estate search you are interested in looking at. There are thousands of San Diego Homes and Condos to look at and it is updated several times a day with new listings. Because your Apple iPad is so easy and convenient to use we thought you would really enjoy your San Diego Real Estate search while using it.
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Real estate values in Central San Diego in February 2011 have dropped in median value 3.87% for homes and no change for condos from the same time last year. The communities that make up the 2011 San Diego Real Estate study are;
Allied Gardens and Del Cerro 92120
City Heights 92105
Clairemont 92117
College 92115
Coronado 92118
Downtown San Diego 92101
Encanto 92114
Golden Hill 92102
Hillcrest and Mission Hills 92103
Kensington and Normal Heights 92116
La Jolla 92037
Logan Heights 92113
Mira Mesa 92126
Mission Beach and Pacific Beach 92109
Mission Valley 92108
Morena 92110
North Park 92104
Ocean Beach 92107
Paradise Hills 92139
Point Loma 92106
San Carlos 92119
Scripps Ranch 92131
Serra Mesa 92123
Sorrento Valley 92121
Tierrasanta 92124
University City 92122
Some of the biggest drops for home values were in Logan Heights 92113, Morena 92110, North Park 92104 and Tierrasanta 92124. Some of the biggest drops for condos were in Allied Gardens and Del Cerro 92120, Mission Valley 92108, Morena 92110, Sorrento Valley 92121, Tierrasanta 92124 and University City 92122.
Some of the biggest gains in this 2011 San Diego Central Real Estate study were, for homes the following communities; Coronado 92118, Kensington and Normal Heights 92116, Logan Heights 92113 and Ocean Beach 92107. For condos the following communities had the highest median price gain; Clairemont 92117, Coronado 92118, Golden Hill 92102 and Serra Mesa 92123.
If you need to know the value of you San Diego Real Estate, Home or Condo please call or email us for a FREE CMA of your Real Estate Value.
All Information is believed to be correct but not guaranteed
This is a must see condo in Chula Vista in South County San Diego. This condominium is beautiful and clean with 3 bedrooms and 2 bathrooms and it’s a downstairs condo unit too. Light kitchen with light cabinets and tile. The tile carries throughout the entire unit and has custom painted. Chula Vista shopping by Telegraph Canyon Road across from the Vons Shopping Center and freeway close for easy commute. Looking for a condos or home, short sale or foreclosure? Make sure you contact Dawn Lewis.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
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CNN Real Estate has two interesting articles on the Obama Home Rescue Plan. The first article titled “Obama home rescue: 650,000 get help” talks about how bank are helping home owners stay in their homes by modifying their home loans. The article states in many places about these 650,000 homeowners being put into a “trial loan modifications under the president’s foreclosure rescue plan”. Basically the homeowners are not really getting a loan modification their just getting a trial loan modification. Here are a couple of excerpts from the CNN article:
Some 650,000 troubled borrowers have been put into trial loan modifications under the president’s foreclosure rescue plan, the Treasury Department said Tuesday.
That number represents 20% of eligible homeowners at least 60 days behind in their payments, according to the Treasury report. This is up from 16% a month earlier.
Despite the progress, housing counselors say the number of people falling into foreclosure vastly exceeds the ranks getting assistance. The number of filings hit a record high of 937,840 in the third quarter, according to RealtyTrac, an online marketer of foreclosed homes. That’s a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
The $75 billion Obama plan is “lagging behind the massive number of foreclosures that continue to pile up,” said John Taylor, head of the National Community Reinvestment Coalition.
But administration officials have said that the program, which was projected to help up to 4 million homeowners, is on track.
The rescue tries to keep borrowers in their homes by adjusting monthly payments to no more than 31% of a borrower’s pre-tax income. Servicers, borrowers and investors can get financial incentives to participate.
Administration officials have been pressuring loan servicers to ramp up their modification efforts. Many people have complained that financial institutions lose their paperwork, transfer them repeatedly between departments and require that they fill out applications again and again.
But the rising unemployment rate is prompting more homeowners, even those with strong credit histories, to fall behind on payments. And the president’s plan is not designed to help the jobless.
At the end of the article in the article there was the sentence:
What’s becoming even more important is how many people in trial modifications receive permanent adjustments.
The words “permanent adjustments” went to another article titled “Long-term Obama loan modifications prove elusive”. This article talks about how many of the trial loan modifications are not and will not turn into permanent loan modifications. The loan servicers state that they are having a hard time getting the homeowners to send them proper paperwork to complete the process. Here’s some information directly from the article:
Half a million people are now in trial modifications under the Obama administration’s mortgage rescue plan, but getting them permanent help is proving to be difficult.
The foreclosure prevention plan, which reduces eligible borrowers’ monthly payments to no more than 31% of their pre-tax income, requires homeowners to make three on-time monthly payments before they can receive a permanent modification.
Loan servicers use the trial period to verify borrowers’ income and ascertain whether they can handle the reduced payments.
But servicers say they are having a tough time collecting the necessary documents to determine whether troubled borrowers should receive permanent adjustments. They contend that some homeowners aren’t sending in their tax returns, bank statements and pay stubs. Borrowers, on the other hand, complain that their paperwork is being lost.
The Obama administration recently made several changes to the program to give the transactions more time and streamline the plan.
Last month, it extended the trial period by two months to give servicers more time to collect the documents. And last week, it announced that servicers could automatically move qualified borrowers into permanent modifications without their signatures.
The Treasury Department said these moves should make it easier for qualified borrowers to get permanent modifications, according to a spokeswoman. Officials are discussing ways to make it even easier, she said, including allowing servicers to access tax records directly from the Internal Revenue Service.
It is in servicers’ interest to convert eligible borrowers since they only get incentive payments when the modification is made permanent, the Treasury spokeswoman said. Plus, if the government finds institutions to have wrongly denied swaths of people, it could impose penalties.
“Treasury is also working intently with servicers to help ensure that they execute in helping more borrowers convert to permanent modifications,” she said.
Who’s to blame?
Servicers say they are wrestling with getting the completed documents they need to put borrowers in permanent modifications.
At JPMorgan Chase, for instance, representatives call and send letters to homeowners detailing what they still need to mail in. The bank says it has improved its system for collecting paperwork so that lost documents are not the problem. The issue, it says, is that homeowners are simply not sending in what’s required.
Many borrowers are growing increasingly nervous as they near the end of their trial modification periods with no decision from their servicers.
Jim Copley, a Minneapolis homeowner, was given a trial modification five months ago. He found he could no longer afford his $1,650 monthly payments after the housing collapse decimated his home-painting business.
After receiving a temporary adjustment that cut his payments to $955 a month, Copley sent his servicer, Bank of America, all the required income documentation in June. He was shocked to learn two months later that there was some paperwork missing. He called again and was told that his file was, in fact, complete and that he should continue making reduced payments until he was told otherwise.
The loan modification HOPE from the Obama Administrations seems to be again lots of HYPE and falls in with all the other UTOPIA DREAMS of the current leadership. Everything is a temporary fix. We need permanent solutions. Let’s let things run their course without big brother intervention and economics, good and bad, will cycle through. I wonder what’s next.
CHULA VISTA CA - BANK OWNED CONDO - 3 bedroom 2.5 bathrooms, 1,349 Square Feet. This condo is being freshly painted as well as other minor repairs. Condo is located close to the 5 freeway and is walking distance to the mall and Downtown Chula Vista. It has lots of storage space and a 2nd balcony in the bedroom with a view. 1 car attached garage, fireplace and is in a gated community. If you’ve been waiting for a Chula Vista condo to live in or invest in make sure this is on your list and see it fast there will be lots of interested buyers.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
San Diego has seen its share of foreclosures; in fact the whole state of California has been one of the hardest hit states in America. In many new home communities and subdivisions of the early to mid 2000’s foreclosures and short sales are the 2 main groups of available homes for sale in the San Diego MLS. Areas where most of the home loans were interest only stated income loans with Adjustable Rate Mortgages or ARM’s are falling victim to the economic crisis and unemployment epidemic.
I recently read an article on CNNMoney.com and they listed the top 5 foreclosure hot spots all out of the State of California. The top 5 foreclosure areas in the United States were; McAllen Texas, Burlington Vermont, Lincoln Nebraska, Gulfport-Biloxi Mississippi, and Sioux Falls South Dakota. With states like California, Michigan, Florida and Nevada usually at the top of the list we’re finally starting to see that all of America is on the chopping block. In big numbers too. I know Obama and the current administration want to keep every American in their homes but it’s not their call, it’s the facts of life and the facts of business that make it unrealistic. Just another false HOPE and broken promise or is pushing the 1.6 Trillion Health Care debacle through more important right now. I wish they would fix one thing before they break another.
McAllen, Texas – 1 in 251 homes are foreclosures up 1,197%
Burlington, Vermont – 1 in 4,436 homes are foreclosures up 400%
Lincoln, Nebraska – 1 in 2417 homes are foreclosures up 240%
Gulfport-Biloxi, Mississippi – 1 in 492 homes are foreclosures up 140%
Sioux Falls, South Dakota – 1 in 492 homes are foreclosures up 116%
There are always options to foreclosure such as loan modification, bankruptcy, and short selling your home. You should always consult an attorney to look at all of your options. If you need help with a short sale in San Diego make sure you give us a call for a free consultation.
San Diego REO – Dawn Lewis REO Listing Agent San Diego California
Excellent Opportunity to own a home in San Miguel Ranch. Chula Vista Bank Owned Foreclosure for sale. This newer 5 bedroom 3.5 bathroom home has over 3,300 square feet. This Chula Vista REO has it all including, Berber carpet, tile, huge kitchen with big island, stone counter tops, breakfast area, 2 fireplaces, lots of ironwork, huge master bedroom, bedroom and full bath on first level, big yard with custom BBQ area and covered seating area, and Coronado Island views. This Bank Owned Gem is located in 91914 Chula Vista in San Miguel Ranch.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
San Diego REO – Dawn Lewis REO Listing Agent San Diego California
Remodeled Bank Owned Foreclosure in San Diego County in 91977 Spring Valley. This 3 bedroom 2 bath home has new windows, new roof, new paint, new flooring, including carpet and tile, new lighting fixtures and more. The backyard has a big deck that is partially covered with some peek-a-boo lake and mountain views to the East. Come check out this bank owned home in San Diego and all of our bank owned properties today.
If you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
San Diego Bank Owned detached home. Work needed but LOTS of potential. Beautiful lake and mountain views from most windows. 3 bedrooms plus 1 optional bedroom, 2 baths. No stairs to your front door. Converted 2 car garage easily to convert back. Living room, dining room, family room, kitchen & 1 bedroom on main level. All rooms are loaded with lots of windows and sliding glass doors to make this home show light & bright. Downstairs has 3 bedrooms with separate entrance.
