1264 Picadilly Ln. Brentwood

June 28th, 2007

This is a lovely Rose Garden Single Story Home. Like New. Never lived in. Gas Fireplace, Two car garage, Wired for integrated network system. Laminate Wood Flooring. Laundry room, Light and Bright. 2″ Blinds, Oval Tub in Master, Tile Entry, Whole House Fan, Upgraded Carpet, Gas Range. Ready to Move in. Turn Key.

1530 Sq. Ft.

3 bedroom 2 bath

Community Pool

Purchase Price $535,000

Lease Price $1700 per mo

How are California Mortgages Foreclosed

June 19th, 2007

The primary method of foreclosure in California involves what is known as non-judicial foreclosure. This type of foreclosure does not involve court action. When the deed of trust is initially signed, it will usually contain a provision called a power of sale clause, which upon default allows a trustee to sell the property in order to satisfy the underlying defaulted loan. The trustee acts as a representative of the lender to effectuate the sale, which typically occurs in the form of an auction. Unlike many states where trustees are appointed by lenders, title companies primarily serve as trustees managing foreclosure sales in California. California has a requirement known as the one action rule. If a foreclosure is completed by non-judicial means, a second action to recover a deficiency judgment is not permitted. Using a judicial foreclosure, a lender may recover a deficiency judgment in certain circumstances. But since this process takes longer than non-judicial foreclosure, it is rarely used. California non-judicial remedies have stringent notice requirements and the mortgage documents are required to contain the power of sale language in order to use this type of foreclosure method. Judicial foreclosure are permitted in California and these usually occur when no power of sale language is included in the loan documents.

For more info on the foreclosure market effecting East Contra Costa County. Please contact Team Elite.  There are options that we can help you with before the forclosure process on your home takes place.

Judy Hazen, Jill Proctor,

925-392-4131

Bank Owned Properties for Sale

June 11th, 2007

On Thursday June 14th from 7pm to 8pm, In Brentwood at the Keller Williams Realty Office on Sand Creek Rd. Team Elite will be having a foreclosure/investment seminar. We will be discussing the forclosure market, What a Short Sale is, and we will also have available bank owned properties for sale. This is a fantastic market to start investing. If you would like more information please contact:

“Team Elite”

Judy Hazen or Jill Proctor

925-392-4131

Subprime Loans Effect

June 6th, 2007

According to the National Association of Realtors the subprime loan crisis has taken center stage in the real estate market and has effected many areas of Contra Costa County.

 These loans started off usually with a teaser for two years where the monthly mortgage rate is quite low. After the two years the rate of these loans adjust and rise sharply which has caused a financial hardship for a substantial amount of borrowers.

During the past two years the California real estate market was “Hot” meaning the borrowers banked on equity increasing in their home and before their loan adjusted they could refinance and roll into an fixed rate loan.

Absent that robust market subprime borrowers may not have any home equity available as a safety cushion. Without the options of refinancing or selling, subprime borrowers in financial trouble are falling into default.

There is an option if you fall into the above category. It is called a “Short Sale.” This is where the bank forgives part of the debt that is owed to them by trying to sell the home before the foreclosure process.

For more information about listing your home as a “Short Sale”, Team Elite is having a seminar on this process on June 14th in Brentwood.

If you are interested in attending please contact “Team Elite”-Judy Hazen or Jill Proctor at

925-392-4131

So You Want to be A Realtor

June 5th, 2007

Are you thinking about getting your real estate license?

Now is a great time to get into the business of selling real estate.

I first started in a year where the market had shifted just like it is doing now. What it taught me is how to work the business and it gave me time to get my business up and running.

If you are interested in pursuing a real estate career, Keller Williams is the place for you.

Our company was built upon the strength of relationships that we have built. Together, we have forged so much more than business partnerships. We have built a caring, genuine community of real estate professionals. We offer the best training around and have an agressive plan to get you working in the business right away for maximum return on your investment.

Please give me a call if you would like to find out how to get your real estate license or have your license already and are not happy in your current situation.

Sincerely

Judy Hazen

“Team Elite”

Keller Williams Realty

925-392-4131