What is a Notice of Default?

It is a recorded document here in California that is usually filed by your mortgage company because your mortgage payment has not been made. Usually, it is within 3 months of not receiving a payment, but it can vary depending on the mortgage company. Don’t forget that due to COVID we were also seeing forbearance and deferments that may have terms that are now ending,

 

You are behind in your payments; you received the Notice of Default. What are your next steps?

1. Contact your mortgage company – While it sounds simple, depending on what you are currently going through, it can be emotionally difficult to want to pick up the phone. On the other hand, if you power through the phone conversation, you might find that you have options that you did not know about.

 

2. Reach out to a lender – Yes, you are behind on your mortgage payments but if your mortgage company cannot offer a workable solution then try, try again. Another lender may have options for you to take advantage of that your current mortgage holder does not make available.

 

3. Under no circumstances should you lose the equity that you have in your home! If you have no other choice but to be removed from the property because eventually the Notice of Default will turn into the bank taking possession of the property. Filing the NOD is the first step. By deciding to sell your home, that is the first step in feeling like you are gaining some control over what is going on. With the successful sale of your home, hopefully the equity is enough to bring you up to date on other bills, if you owe any, bringing up your credit score and providing you with a bit of savings. Look at that as a goodbye gift from your home or a return on your investment. Up to you.

 

Now, are mortgage companies the only ones that can file a Notice of Default? Absolutely NOT!

 

If you are behind on your taxes, the county assessor can file a Notice of Default.

 

If you have an HOA and are behind on payments to them, the HOA can file a Notice of Default too.

 

Even if you are paying your primary mortgage but there are other loans filed against your home, they can file for Notice of Default.  

 

Does Bankruptcy spare you from Eviction? Not necessarily. Make sure you speak to your Bankruptcy attorney and are blunt about what your goal is to file the correct bankruptcy.

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Posted in 313 - La Quinta South of HWY 111 Real Estate
Open House. Open House on Saturday, August 24, 2024 10:00AM - 1:00PM

Please visit our Open House at 54960 Shoal Creek in La Quinta. See details here

Open House on Saturday, August 24, 2024 10:00AM - 1:00PM

Immerse yourself in the PGA West experience, renowned for its world-class golf courses and exclusive amenities. Whether you’re a seasoned golfer or a beginner, you’ll appreciate the access to top-notch facilities and the vibrant community. This Champion 4 home offers an unparalleled lifestyle for golf enthusiasts and savvy investors alike. Positioned perfectly with stunning views of the majestic mountains and the lush green of the 8th hole on The Arnold Palmer private golf course. It features 3 generously sized bedrooms, 2 of which are en-suite bedrooms, for a total of 3-3/4 Baths, providing ample space for family and guests. The living room includes a chic dry bar and wine closet, ideal for entertaining, and a separate dining area perfect for hosting dinner parties. A spacious patio overlooking the golf course invites you to unwind and savor the breathtaking views, while a private patio off the primary bedroom offers a tranquil retreat. Convenience is at your fingertips with a laundry room for your ease and plantation shutters for privacy and style. This condo is not only an exquisite primary residence but also a lucrative investment opportunity. Seize the chance to own a piece of paradise in the Coachella Valley. Whether you’re looking to indulge in the ultimate golfing lifestyle or seeking a smart investment, this Champion 4 home at PGA West is your perfect choice.

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Posted in 313 - La Quinta South of HWY 111 Real Estate
New property listed in 313 - La Quinta South of HWY 111

I have listed a new property at 54960 Shoal Creek in La Quinta. See details here

Immerse yourself in the PGA West experience, renowned for its world-class golf courses and exclusive amenities. Whether you’re a seasoned golfer or a beginner, you’ll appreciate the access to top-notch facilities and the vibrant community. This Champion 4 home offers an unparalleled lifestyle for golf enthusiasts and savvy investors alike. Positioned perfectly with stunning views of the majestic mountains and the lush green of the 8th hole on The Arnold Palmer private golf course. It features 3 generously sized bedrooms, 2 of which are en-suite bedrooms, for a total of 3-3/4 Baths, providing ample space for family and guests. The living room includes a chic dry bar and wine closet, ideal for entertaining, and a separate dining area perfect for hosting dinner parties. A spacious patio overlooking the golf course invites you to unwind and savor the breathtaking views, while a private patio off the primary bedroom offers a tranquil retreat. Convenience is at your fingertips with a laundry room for your ease and plantation shutters for privacy and style. This condo is not only an exquisite primary residence but also a lucrative investment opportunity. Seize the chance to own a piece of paradise in the Coachella Valley. Whether you’re looking to indulge in the ultimate golfing lifestyle or seeking a smart investment, this Champion 4 home at PGA West is your perfect choice.

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Posted in 313 - La Quinta South of HWY 111 Real Estate
Open House. Open House on Saturday, July 27, 2024 4:30PM - 7:00PM Refreshments provided

Please visit our Open House at 54960 Shoal Creek in La Quinta. See details here

Open House on Saturday, July 27, 2024 4:30PM - 7:00PM Refreshments provided

Immerse yourself in the PGA West experience, renowned for its world-class golf courses and exclusive amenities. Whether you’re a seasoned golfer or a beginner, you’ll appreciate the access to top-notch facilities and the vibrant community. This Champion 4 home offers an unparalleled lifestyle for golf enthusiasts and savvy investors alike. Positioned perfectly with stunning views of the majestic mountains and the lush green of the 8th hole on The Arnold Palmer private golf course. It features 3 generously sized bedrooms, 2 of which are en-suite bedrooms, for a total of 3-3/4 Baths, providing ample space for family and guests. The living room includes a chic dry bar and wine closet, ideal for entertaining, and a separate dining area perfect for hosting dinner parties. A spacious patio overlooking the golf course invites you to unwind and savor the breathtaking views, while a private patio off the primary bedroom offers a tranquil retreat. Convenience is at your fingertips with a laundry room for your ease and plantation shutters for privacy and style. This condo is not only an exquisite primary residence but also a lucrative investment opportunity. Seize the chance to own a piece of paradise in the Coachella Valley. Whether you’re looking to indulge in the ultimate golfing lifestyle or seeking a smart investment, this Champion 4 home at PGA West is your perfect choice.

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Surging Confidence: Experts Raise 2024 Home Price Forecasts

Experts have recently revised their 2024 home price forecasts, expressing increased confidence in a rise rather than a fall. Initially expecting modest growth, these experts have updated their projections, foreseeing more substantial increases. The primary driving factors behind this upward pressure on home prices include a persistently low housing inventory and, to a lesser extent, changes in mortgage rates.

Late last year, predictions suggested only slight price increases for 2024, with higher mortgage rates and moderate buyer demand. However, the situation has shifted. Mortgage rates have decreased since October, leading to a surge in buyer demand amid continued low housing inventory. Looking ahead, experts emphasize the importance of monitoring mortgage rates as they are expected to trend down, potentially driving further demand and subsequent home price increases.

In essence, the current dynamic is centered around the principles of supply and demand. Limited supply coupled with increasing demand is anticipated to push home prices even higher. Initially projecting modest growth, experts now advocate connecting with local real estate agents to understand the evolving price expectations in specific areas.

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Posted in 259 - Moreno Valley Real Estate
New property listed in 259 - Moreno Valley

I have listed a new property at 13538 Vellanto Way in Moreno Valley. See details here

Welcome to this timeless residence nestled in the heart of Moreno Valley, California. This home offers a classic charm and a welcoming atmosphere. Boasting 3 bedrooms, 2 bathrooms, and a versatile den, this property presents an excellent opportunity for those seeking a comfortable and spacious living. Upon entering, you'll be greeted by the warmth of the open floorplan, seamlessly connecting the living room with fireplace, dining area, and kitchen. The layout creates an inviting environment for everyday living and entertaining, allowing for a natural flow. The den with fireplace, perfect for a home office or cozy retreat, adds an extra element of flexibility to the floorplan. Don't miss the chance to make this house your own and infuse it with your style.

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Posted in 259 - Moreno Valley Real Estate
Open House. Open House on Sunday, November 26, 2023 11:00AM - 1:00PM

Please visit our Open House at 13538 Vellanto Way in Moreno Valley. See details here

Open House on Sunday, November 26, 2023 11:00AM - 1:00PM

Welcome to this timeless residence nestled in the heart of Moreno Valley, California. This home offers a classic charm and a welcoming atmosphere. Boasting 3 bedrooms, 2 bathrooms, and a versatile den, this property presents an excellent opportunity for those seeking a comfortable and spacious living. Upon entering, you'll be greeted by the warmth of the open floorplan, seamlessly connecting the living room with fireplace, dining area, and kitchen. The layout creates an inviting environment for everyday living and entertaining, allowing for a natural flow. The den with fireplace, perfect for a home office or cozy retreat, adds an extra element of flexibility to the floorplan. Don't miss the chance to make this house your own and infuse it with your style.

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Posted in 629 - Glendora Real Estate
I have sold a property at 119 Valencia Avenue S in Glendora

I have sold a property at 119 Valencia Avenue S in Glendora. See details here

Great location, condition and curb appeal. This recently renovated large lot home in North Glendora boasts newer kitchen with Quartz countertops, subway tiles stainless appliances and in-house laundry. Newer flooring throughout with new baseboards and casings, interior/exterior paint, newer windows, paneled interior doors, copper plumbing, new roof, updated bathroom with modern tile flooring, newer vanity, wainscoting, and quartz shower surround and more. The living room is spacious with brick fireplace, shiplap wall, recessed lighting, and is open to your dining room. Both bedrooms have large closet spaces, new flooring, and natural light. Perfect home for entertaining or quite time. Mature fruit trees, 1 car garage plus gated RV potential, on a 6,742 square foot lot. Located in Glendora Unified School District. You may never want to leave, but if you do, the home so close Downtown Glendora with all the trendy shops and restaurants, Citrus College and APU are just blocks away, and there is easy freeway access without the noise

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Categories:   259 - Moreno Valley Real Estate | 313 - La Quinta South of HWY 111 Real Estate | 629 - Glendora Real Estate