All Blog Entries by Paul Caparas

San Diego Short Sale Homes with a 2nd Mortgage

Friday, August 27th, 2010 at 3:22am. 39 Views, 0 Comments.

Here is a quick blog about the 2nd Mortgage on Short Sales.  Lately to get the Short Sale approved from the 2nd Mortgage, they have been asking for about 10% of the loan balance.  So basically if the balance is $200,000, the 2nd Mortgage wants $20,000 to approve the Short Sale.  Now the 1st Mortgage usually gives about $3,000-$8,000 to the 2nd Mortgage, so who would pay the difference?  Most likely the Buyer will be asked to pay the difference because chances are the Seller doesn't have the money.  Now if the Buyer won't pay it and all other parties in the transaction can't agree to some kind of terms to satisfy the 2nd Mortgage, the home will go back on the market or even Foreclosed.

Why is it important for a Buyer to know this?  It will save…

Is a San Diego Neighborhood with an HOA for me?

Tuesday, August 10th, 2010 at 6:47pm. 82 Views, 0 Comments.

Buying a home that has a HOA definitely has its Pro's and Con's.  So I will list some of them and hopefully it will help you decide on what you want.

Here are some Pro's:

Keeps the neighborhood clean

Keeps the homes a neutral color so there won't be any purple homes in the neighborhood

Keeps all the Homeowners to maintain the curb appeal of their homes

Here are some Con's:

HOA Fee

HOA Fee can be raised

For some changes to the home or landscaping, you may need HOA to approve it

If you are wondering which one I prefer, I actually want a HOA if the fee is lower than $150.  I met many buyers who hate it and met many who want it.  It is really what you prefer.  If you have any questions, please let me know.

***Please keep in mind, all HOA's are different.

Paul…

9862 Corsair Place - Mira Mesa Homes For Sale

Tuesday, July 27th, 2010 at 5:25pm. 163 Views, 0 Comments.

OPEN HOUSE -  This Saturday (August 28th)  1:00PM-3:00PM

I just listed a beautiful home for sale in Mira Mesa on 9862 Corsair Place.  This 4 bedroom 2.5 baths home offers 2,011 Square Feet of spacious living space, a recently upgraded kitchen with maple cabinets and Silestone countertops, hardwood floors in the family room, living room and dining room.  The home is located on a cul-de-sac in the community of Mesa Ridge which is close to Westview Park, Hage Elementary, restaurants, shopping and many more amenities.  The asking price for the home is $524,900-$549,900.  If you have any questions or would like to preview the home, please call me at 858-349-2390.

- Paul Caparas - Broker Associate, Realtor  858-349-2390

Here are some pictures.

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15624 Via Montecristo - Del Sur Home For Sale

Saturday, July 3rd, 2010 at 2:16am. 177 Views, 0 Comments.

I just listed home for sale on 15624 Via Montecristo in the Del Sur Community in Rancho Bernardo that I want to tell you about.  This stunning home has 4 Bedrooms, 3 Baths and 3,156 Sqft which features Solar Panels, granite countertops and stainless steel appliances which includes a 42 inch built-in Refrigerator in the kitchen, tile flooring downstairs, window covering Shutters, a bedroom and bathroom downstairs and much more!  All this for the asking price of $699,000.  If you have any questions or would like to see the home, please give me a call at 858-349-2390.  Search Del Sur Homes for Sale

Here are some pictures of the home:

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Rancho Bernardo Home For Sale

Wednesday, June 9th, 2010 at 3:31am. 156 Views, 0 Comments.

My office just listed a Bank Owned home in Rancho Bernardo that I want to tell you about.  This wonderful 4 bedroom, 2 bath, 1,734 Sqft home is located in the Westwood neighborhood of Rancho Bernardo.  It features a great open floor plan and a huge backyard (14,000 Sqft LOT) to turn into a great place for summer BBQ's and gatherings.  Some of this homes amenities include wood laminate flooring, vinyl windows, ceiling fan and built in shelving into the attached 2 car garage.  Also part of the desired Poway School District.  If you have any questions, would like to see the home, give me call at 858-349-2390.  View other Rancho Bernardo Homes For Sale

11563 Aliento Court, San Diego Ca 92127

Asking Price: $469,000

Carolyn Capalbo

Tuesday, June 1st, 2010 at 5:56pm. 172 Views, 1 Comments.

This isn't one of my typical blogs on San Diego Real Estate but I had to help out a fellow Realtor Carolyn Capalbo.

Why Carolyn Capalbo

It is not uncommon to find yourself with the same name as another in a world filled with millions. Sometimes it is a funny coincidence, but unfortunately for some, this can cause a negative effect. For Carolyn Capalbo, a Realtor from Northern Virginia, this type of situation altered her renowned reputation, and her life.

Carolyn Capalbo has the misfortune of sharing the same name as another; another who is involved in a sex scandal. While that may have been the choice of the other person, this is not to be confused with the dedicated and hard-working Carolyn Capalbo we know. The Carolyn Capalbo we know has kept her clients…

Home For Sale in Scripps Ranch - 12884 Starwood Lane

Friday, May 21st, 2010 at 4:53pm. 165 Views, 0 Comments.

I just listed a beautiful home in the Estates of Stonebridge in Scripps Ranch on 12884 Starwood Lane.  Here are the details.

5 Bedrooms + a Loft

3.5 Baths

3,563 Square Feet

Built in 2005

Poway School District

Traditional Sale!  Stunning Home in the Master Planned Community of Stonebridge Estates in Scripps Ranch.  The home features granite countertops and beautiful tile in the kitchen, good size back yard for entertaining, 1 bedroom with its own bathroom on the first floor, large walk in closet in the master bedroom and much more.  There will be a Open House on Saturday (May 22, 2010) from 1-4pm.  Asking Price is $799,000 - $849,000.  Please let me know if you have any questions.  Thank you.

San Diego Short Sale Approvals

Monday, April 19th, 2010 at 5:04pm. 243 Views, 0 Comments.

The turnaround time to get a Short Sale Approved are different for every Lender.  Here is a list of the average turnaround times for each Lender that my Short Sale Negotiation Team experienced lately on the Short Sale deals they closed. 

Bank Of America- 4 months
Chase- 6 months (first lien)
Chase 2nd's- 60 days
WAMU- 4 Months
Wells Fargo- 60-90 days
Wells Fargo 2nds- 30-45 days
Aurora Loans- 60-90 days
GMAC- 60 days
CITI- 90 days
AHMS- 60 days
National City- 4-6 months
Litton- 30 days
Wachovia- 2-3 weeks.
SPS- 45-60 days
SLS- 30 days
Suntrust- 4-6 months
EMC- 60 days
Indymac- 4 months
Central Mortgage- 60 days
Guild Mortgage- 30 days
Ocwen – 45-60 days
HSBC- 60 days

*Please keep in mind that other Realtors and Short Sale complanies may have different…

Up To $18,000 in Home Buying Tax Credits for a Limited Time!

Saturday, April 3rd, 2010 at 1:32am. 466 Views, 0 Comments.

Last week, Gov. Schwarzenegger signed a new $10,000 State Tax Credit for First Time Home Buyers and New Home Buyers which starts on May 1, 2010.  Now since the Federal Tax Credit is still going on, if a buyer times it perfectly, the buyer can receive up to $18,000 in combined State and Federal Home Buyer Tax Credits.  To qualify, a First Time Home Buyers has to close escrow between May 1, 2010 - June 30, 2010 (in contract before May 1, 2010).  There are other terms and restrictions on both Tax Credits.  If you want to learn more or would like to take advantage of these Home Buying Tax Credits, please feel free to contact me at 858-349-2390.  Thank You.

Offer Response Time

Monday, March 15th, 2010 at 6:14pm. 364 Views, 0 Comments.

Making an offer on a home is an exciting time for a buyer and usually would like to know when they will get a response on the offer.  Every situation is different but here are some ETA's depending on the type of sale.

Traditional Seller - By default of the Purchase Agreement, an offer will Expire in 3 days.  But a buyer has an option to make it shorter or longer.  For example, a buyer can have the offer expire the next day at 7:00 pm or next week at 12:00 pm.  The sellers response has to happen before the offer expires.

Bank Owned Foreclosure -  The average time the bank responds to an offer is 3-5 business days.  I had one respond in 1 day and I had one actually respond in 3 weeks.  But I have be averaging 3 business days lately.

Short Sale - It seems like…