December 2008 Archives

December's Consumer Focused Carnival of Real Estate is now up. Once per month I post all of the consumer focused articles from other places that are submitted - removing the garbage, the spam and the irrelevant.

The new consumer article for today is Termite Work, Wood Destroying Pest Agreements, and Lender Requirements. If you know about work that needs to be done, concealing it from the buyer's lender is fraud. Lots of agents are putting their licenses and their clients at risk for something that just isn't worth it, instead of telling their clients the facts of the matter.


These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing.

I also have a list of upcoming HOMESTEPS properties not on the market yet

If you have questions, Contact me

La Mesa

Address: 4985 WILLIAMS AVE, LA MESA, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 241,150.00

El Cajon

Address: 1509 EAST WASHINGTON AVENUE UNIT 16, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 109,900.00

Address: 1509 E WASHINGTON AVE UNIT 10, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 132,500.00

Address: 2119 GREENWICK ROAD, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 304,750.00

Address: 294 CHAMBERS STREET 53, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 59,900.00

Address: 589 NORTH JOHNSON AVENUE 230, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 69,500.00

Address: 717 CHAMBERLAIN AVENUE, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 1.5 Price: 74,200.00

Address: 908 SOUTH SUNSHINE AVENUE UNIT, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 99,000.00

Address: 228 ROANOKE ROAD, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 99,640.00

Address: 190 CHAMBERS STREET 14, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 127,200.00

Address: 1266 FINCH STREEET, EL CAJON, CA
Rooms: 8 Bed: 4 Bath: 1.5 Price: 349,800.00

Address: 830 BROADWAY UNIT 27, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 64,990.00

Address: 1423 GRAVES AVENUE 129, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 107,000.00

Address: 1723 SUMMERTIME DRIVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 121,900.00

Address: 1526 STONE EDGE CIRCLE, EL CAJON, CA
Rooms: 7 Bed: 2 Bath: 2.0 Price: 162,500.00

Address: 1194 DENVER LN E, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 166,950.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 177,000.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 189,900.00

Lakeside

Address: 12741 LAUREL ST UNIT 53, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 145,000.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 307,000.00

Santee

Address: 10323 CAREFREE DRIVE, SANTEE, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 114,480.00

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 199,900.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 239,900.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 11 Bed: 4 Bath: 4.0 Price: 278,000.00

Address: 10235 BRIGHTWOOD LANE 3, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 3.5 Price: 282,500.00

Address: 10507 FLORA AZALEA COURT, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 344,500.00

San Diego City

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 64,900.00

Address: 5252 ORANGE AVE 332, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 78,500.00

Address: 4570 54TH UNIT 116, SAN DIEGO, CA
Rooms: 5 Bed: 1 Bath: 1.0 Price: 119,500.00

Address: 4287 48TH STREET, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 136,500.00

Address: 4323 51ST ST, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 176,000.00

Address: 4322 52ND STREET, SAN DIEGO, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 188,150.00

Dan Melson, Agent
Clarity Real Estate Network
619-300-7425


Newly Written Articles

Why You Don't Want A "Top Producer" Listing Your Property It doesn't matter how good they are if they don't have the time to devote to your property.

The Hope (Dashed) For Homeowners Program talks about how the Hope for Homeowners program really isn't going to help most people.

Updated Articles

Regulators Toughen Negative Amortization Loans?

Pay a Prepayment Penalty Now, or Wait to Refinance?

Loans Not Funded

What Are Points and How Do They Work?

Things to Consider If You Can't Afford Your Payment

Merry Christmas

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Or whatever your family chooses to celebrate. My family celebrates Christmas. But I won't get offended if you wish me a Happy Hannukah or Solstice or Festivus or whatever.

We just finished opening gifts. Santa brought Brynhilde her first bicycle, and Ramona a set of dress-up.

I meant to post this yesterday, but I was busy all day with real estate clients and got caught. Unfortunately, rates have spiked a bit this morning

The Best Loans Right NOW

4.75% 30 Year fixed rate loan, with only one point total discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2087, APR 4.877! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.625 percent (But you'd have to be crazy to pay that many points!)

5/1 Rates

5/1 ARMs have not seen the same drop as thirty year fixed rate loans (over half a percent at the same cost) so they are actually more expensive right now than the 30 year fixed. Given that, there is no reason to prefer them.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on temporary conforming, jumbo and super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com


These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing.

I also have a list of upcoming HOMESTEPS properties not on the market yet

If you have questions, Contact me

La Mesa

none currently

El Cajon

Address: 1509 EAST WASHINGTON AVENUE UNIT 16, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 109,900.00

Address: 1509 E WASHINGTON AVE UNIT 10, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 132,500.00

Address: 12190 CUYAMACA COLLEGE DRIVE E, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 184,900.00

Address: 2119 GREENWICK ROAD, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 304,750.00

Address: 294 CHAMBERS STREET 53, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 59,900.00

Address: 589 NORTH JOHNSON AVENUE 230, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 73,500.00

Address: 717 CHAMBERLAIN AVENUE, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 1.5 Price: 74,200.00

Address: 908 SOUTH SUNSHINE AVENUE UNIT, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 99,000.00

Address: 190 CHAMBERS STREET APT 13, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 127,500.00

Address: 1266 FINCH STREEET, EL CAJON, CA
Rooms: 8 Bed: 4 Bath: 1.5 Price: 349,800.00

Address: 830 BROADWAY UNIT 27, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 64,990.00

Address: 1423 GRAVES AVENUE 129, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 107,000.00

Address: 1723 SUMMERTIME DRIVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 121,900.00

Address: 1526 STONE EDGE CIRCLE, EL CAJON, CA
Rooms: 7 Bed: 2 Bath: 2.0 Price: 162,500.00

Address: 1194 DENVER LN E, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 166,950.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 177,000.00

Address: 551 WAYNE AVENUE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 177,000.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 189,900.00

Lakeside

Address: 12741 LAUREL ST UNIT 53, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 145,000.00
Offered By: REMAX ASSOCS (619) 401-2133
Loan: 471865664 Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 307,000.00

Santee

Address: 10323 CAREFREE DRIVE, SANTEE, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 114,480.00

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 199,900.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 239,900.00

Address: 9425 PEEBLE BEACH DRIVE, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 259,700.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 11 Bed: 4 Bath: 4.0 Price: 278,000.00

Address: 10235 BRIGHTWOOD LANE 3, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 3.5 Price: 282,500.00

Address: 10507 FLORA AZALEA COURT, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 344,500.00

San Diego City

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 64,900.00

Address: 5252 ORANGE AVE 332, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 78,500.00

Address: 4570 54TH UNIT 116, SAN DIEGO, CA
Rooms: 5 Bed: 1 Bath: 1.0 Price: 119,500.00

Address: 4775 SEMINOLE DRIVE 207, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 129,900.00

Address: 4323 51ST ST, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 176,000.00

Address: 4322 52ND STREET, SAN DIEGO, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 188,150.00

Address: 3938 DONNA AVENUE, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 212,900.00

Address: 707 MELROSE PLACE, SAN DIEGO, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 174,900.00

Dan Melson, Agent
Clarity Real Estate Network
619-300-7425

The new consumer article for today is The Hope (Dashed) For Homeowners Program. I really thought that most folks understood this was all political theater - unlike the $700 Billion for lenders who screwed up by the numbers, intentionally disregarding sound financial management rules. The chances of Hope for Homeowners helping are almost exactly equal to you having been through Death of a Primary Breadwinner, Disability, or Divorce, and even in those situations, loan modification is probably going to help at least as much, if not more.

Hope for Homeowners is political theater. Don't bank on it helping you.

The new consumer article for today is Why You Don't Want A "Top Producer" Listing Your Property. The agent makes money hand over fist, but they haven't got the attention to spare for getting the best price on your property, they impose arduous and illegal conditions on prospective buyers to make life easier for the agent while scaring off prospective buyers and making those that do stick around willing to pay less.

To be perfectly fair, there are exceptions to this. I can name at least one, although not in San Diego so I don't have experience dealing with him directly but I have heard good things about him from agents who've dealt with him. None of the "top producers" I've dealt with here in San Diego are worth the ink on their business card. But if you suspect they're a top producer who is an exception, you might want to investigate before you sign up with them. It is critical to choose an agent who has the time to market your property correctly, negotiate effectively with all offers that get made, not scare prospective buyers off and not cause them to offer tens of thousands of dollars less because it's such a problem to deal with the listing agent.

Zoo Trip December 21, 2008

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My wife loves carousels, so every so often we go on on the Balboa Park Carousel, right next to the zoo entrance. Here she is with our younger daughter
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some detail of the carousel
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The origin of the term "brass ring": a free ride to the one that pulls it.
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In the zoo proper, an Orangutang and a Siamang, which two species seem to get along pretty well, being from the same area.
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Argus Pheasant, a kind of peacock
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Long view of the big walk through aviary - not Scripps, but I can never remember the name
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Half a dozen species of bird in the same tree
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I think this is a Collared Lory at the feeder
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Panda Su Lin, Bai Yun's third cub, still with the zoo and sleeping on a false tree trunk
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Panda Zhen-Zhen, Bau Yun's fourth cub, sleeping in a tree
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African Spotted Neck River Otters, one of my favorite animals. There are also Guenons in this enclosure. The monkeys aren't the only thing that climbs - the otters climb also.
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A couple of quasi-free flyers from the Lagoon below, sitting on the raptor cages, completely unconcerned because they know the eagles can't get out.
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Looking down at the lagoon exhibit
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Arctic Diving Ducks - except they weren't diving today
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A couple shots of a Turkmenistan Caracal, in the cage where the Pallas cats used to be
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Polar Bear nap - it may be a cold day for San Diego, but as far as they're concerned it is warm enough
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A different view of the same bear
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Female Soemmerling's Gazelle
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Newly Written Articles

Buyer's Agents Presenting An Offer In Person talks about the advantages of agents presenting an offer in person.

Multiple Offers: Weak But Increasingly Common, And It's Your Listing Agent's Fault talks about how to discourage strong offers for a property - and how to discourage them.

It Is Illegal Under RESPA to Require Even Prequalification With a Particular Lender talks about RESPA prohibiting mandatory requirements to do anything with a particular lender.

The Qualification Letter I Use for My Buyers and Require For My Listings talks about what sellers and listing agents need to know in order to know that this particular buyer is capable of consummating this loan for this property in particular.


Updated Articles

Property Advertisements: Trolling for Clients and Not Very Truthful

Existing Debt: The Biggest Hurdle in Mortgage Loan Qualification

Temporary Rate Buydowns

Second Trust Deeds and Loan Subordination

Having your Credit Run

The Pin That Pops the Housing Bubble?

Let Me Tell You About The Loan You Could Have Had

Buying Investment Property - An Example of the Issues

If The Underwriter Makes A Mistake

The Appraisal and Appraisers

I do have a new article ready to go for tomorrow, and should have one for Tuesday. After that, it's probably going to be updates until the new year.

The new consumer article for today is The Qualification Letter I Use for My Buyers and Require For My Listings, which talks about how I communicate that my buyers really are qualified, and how I ascertain that potential buyers of my listings are qualified, all without violating RESPA.

The new consumer article for today is It Is Illegal Under RESPA to Require Even Prequalification With a Particular Lender, debunks the legality of a practice that listing agents are trying to bring back or institute with the increase in buyer demand we've had.


The Best Loans Right NOW

4.875% 30 Year fixed rate loan, with only one quarter of a point total discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2117, APR 4.936! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.625 percent (But you'd have to be crazy to pay that many points!)

5/1 Rates

5/1 ARMs have not seen the same drop as thirty year fixed rate loans (over half a percent at the same cost) so they are actually more expensive right now than the 30 year fixed. Given that, there is no reason to prefer them.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on temporary conforming, jumbo and super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

The Best Santa Claus

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My girls have been going to see this guy since 2000, when Hilda was nine months old. He was in the Parkway Plaza Sears for years, then they decided to do something else, but he never had a contract, so he's had trouble landing gigs the last couple years, but we go wherever he is. He is fantastic, and his helper Eilene is a treasure in her own right. They have people who were originally "his kids" coming back with their children.

You can see their website at http://www.santalady.blogspot.com/ They've got all sorts of pictures of people coming back.

He's at Macy's Mission Valley this year. The schedule is at the website.

Here are Brynhilde (my elder - brown hair) and Ramona (my younger - red hair) with Santa this year
IMG_0323

Here's two years ago:

Picture 002

Here's they are last year, with Julia as a puppy

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And here's one more from this year

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These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing.

I also have a list of upcoming HOMESTEPS properties not on the market yet

If you have questions, Contact me

La Mesa

none currently

El Cajon

Address: 1509 EAST WASHINGTON AVENUE UNIT 16, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 109,900.00

Address: 1509 E WASHINGTON AVE UNIT 10, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 132,500.00

Address: 12190 CUYAMACA COLLEGE DRIVE E, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 184,900.00

Loan: 340470992 Address: 2119 GREENWICK ROAD, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 304,750.00

Address: 589 NORTH JOHNSON AVENUE 230, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 73,500.00

Address: 717 CHAMBERLAIN AVENUE, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 1.5 Price: 74,200.00

Address: 908 SOUTH SUNSHINE AVENUE UNIT, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 99,000.00

Address: 190 CHAMBERS STREET APT 13, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 127,500.00

Address: 1266 FINCH STREEET, EL CAJON, CA
Rooms: 8 Bed: 4 Bath: 1.5 Price: 349,800.00

Address: 830 BROADWAY UNIT 27, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 70,000.00

Address: 1423 GRAVES AVENUE 129, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 107,000.00

Address: 1526 STONE EDGE CIRCLE, EL CAJON, CA
Rooms: 7 Bed: 2 Bath: 2.0 Price: 162,500.00

Address: 1194 DENVER LN E, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 166,950.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 177,000.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 189,900.00

Lakeside

Address: 12128 ORANGE CREST COURT 1, LAKESIDE, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 92,000.00

Address: 12741 LAUREL ST UNIT 53, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 145,000.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 307,000.00

Santee

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 199,900.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 239,900.00

Address: 9425 PEEBLE BEACH DRIVE, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 259,700.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 11 Bed: 4 Bath: 4.0 Price: 278,000.00

Address: 10235 BRIGHTWOOD LANE 3, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 3.5 Price: 282,500.00

Address: 10244 TIMBERLANE WAY, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 286,200.00

Address: 10507 FLORA AZALEA COURT, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 344,500.00

San Diego City

Address: 5252 ORANGE AVE UNIT 232, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 74,200.00

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 74,500.00

Address: 5252 ORANGE AVE 223, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 77,500.00

Address: 5252 ORANGE AVE 332, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 80,295.00

Address: 4570 54TH UNIT 116, SAN DIEGO, CA
Rooms: 5 Bed: 1 Bath: 1.0 Price: 119,500.00

Address: 4775 SEMINOLE DRIVE 207, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 129,900.00

Address: 4323 51ST ST, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 176,000.00

Address: 4322 52ND STREET, SAN DIEGO, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 188,150.00

Address: 3938 DONNA AVENUE, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 212,900.00

Address: 707 MELROSE PLACE, SAN DIEGO, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 174,900.00

Dan Melson, Agent
Clarity Real Estate Network
619-300-7425


The Best Loans Right NOW

5.125% 30 Year fixed rate loan, with one point total discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2178, APR 5.255! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.75 percent (But you'd have to be crazy to pay that many points!)

Rates actually got as low as 5.25 without points at the end of last week, but the "zero points" rate is back to 5.5 today. Rates have been volatile, and will continue to be.

5/1 Rates

5/1 ARMs have not seen the same drop as thirty year fixed rate loans (over half a percent at the same cost) so they are actually more expensive right now than the 30 year fixed. Given that, there is no reason to prefer them.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on temporary conforming, jumbo and super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

The new consumer article for today is Multiple Offers: Weak But Increasingly Common, And It's Your Listing Agent's Fault, talks about multiple offer situations, what they mean to buyers, and what they mean to sellers.

The new consumer article for today is Buyer's Agents Presenting An Offer In Person, where I cover the ins and outs of presenting an offer in person, why buyer's agents should do it, why listing agents should prefer it, and why clients should welcome it.

I have been working a lot of hours, and writing this site is about the only area where the time factor can give. I've got a new article queued up for tomorrow (and it's a goodie: Presenting Offers In Person), but I'm not certain I'll be able to find more time to write this week.

Newly Written Articles

Cash to Close - A Basic Primer talks about the underwriting standard that had become forgotten, and is now causing lots of transactions to crash and burn because it's back with a vengeance.

Fake Agent Scams talks about telling the difference between a real agent and a fake one.

Adverse Possession talks about a very real feature of real estate law that can cause you to lose part of your property - or you can use it to gain legal title.

Updated Articles

Legal Reasons for Making Late Payments on Your Mortgage. Basically, there aren't any good ones.

Issues with Divorce and Real Estate Understand what divorce does to who is responsible for the mortgage payment and who has title.

Mortgage Loan Advertisements: Horrible and Getting Worse talks about how mortgage companies manipulate the truth and take advantage of your ignorance to get you to call. If you understand most of these advertisements, they are like signposts that say "DANGER! Toxic Waste"

Gravity Is Not a Major Determinant Of Housing Prices. Look at supply, demand, and ability to pay.


These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing.

I also have a list of upcoming HOMESTEPS properties not on the market yet

If you have questions, Contact me

La Mesa

none currently

El Cajon

Address: 1509 EAST WASHINGTON AVENUE UNIT 16, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 109,900.00

Address: 1509 E WASHINGTON AVE UNIT 10, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 132,500.00

Address: 12190 CUYAMACA COLLEGE DRIVE E, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 184,900.00

Address: 2119 GREENWICK ROAD, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 304,750.00

Address: 294 CHAMBERS STREET 53, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 59,900.00

Address: 589 NORTH JOHNSON AVENUE 230, EL CAJON, CA
Rooms: 4 Bed: 1 Bath: 1.0 Price: 73,500.00

Address: 717 CHAMBERLAIN AVENUE, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 1.5 Price: 74,200.00

Address: 190 CHAMBERS STREET 7, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 115,540.00

Address: 908 SOUTH SUNSHINE AVENUE UNIT, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 122,500.00

Address: 190 CHAMBERS STREET APT 13, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 127,500.00

Address: 1000 SOUTH MOLLISON AVE 10, EL CAJON, CA
Rooms: 8 Bed: 3 Bath: 2.0 Price: 151,580.00

Address: 947 SALINA STREET, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 275,900.00

Address: 830 BROADWAY UNIT 27, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 70,000.00

Address: 1321 OAKDALE AVENUE, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 1.5 Price: 109,900.00

Address: 1723 SUMMERTIME DRIVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 121,900.00

Address: 1423 GRAVES AVENUE 129, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 125,900.00

Address: 1526 STONE EDGE CIRCLE, EL CAJON, CA
Rooms: 7 Bed: 2 Bath: 2.0 Price: 162,500.00

Address: 1194 DENVER LN E, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 166,950.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 177,000.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 189,900.00

Lakeside

Address: 12710 LAKESHORE DR M, LAKESIDE, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 64,500.00

Address: 12128 ORANGE CREST COURT 1, LAKESIDE, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 92,000.00

Address: 12741 LAUREL ST UNIT 53, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 145,000.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 307,000.00

Santee

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 199,900.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 239,900.00

Address: 9425 PEEBLE BEACH DRIVE, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 259,700.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 11 Bed: 4 Bath: 4.0 Price: 278,000.00

Address: 10244 TIMBERLANE WAY, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 286,200.00

Address: 10235 BRIGHTWOOD LANE 3, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 3.5 Price: 307,000.00

Address: 10507 FLORA AZALEA COURT, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 357,750.00

San Diego City

Address: 5252 ORANGE AVE UNIT 232, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 74,200.00

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 74,500.00

Address: 5252 ORANGE AVE 223, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 77,500.00

Address: 5252 ORANGE AVE 332, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 80,295.00

Address: 4570 54TH UNIT 116, SAN DIEGO, CA
Rooms: 5 Bed: 1 Bath: 1.0 Price: 119,500.00

Address: 4287 48TH STREET, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 136,500.00

Address: 4775 SEMINOLE DRIVE 207, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 149,900.00

Address: 4323 51ST ST, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 176,000.00

Loan: 332598837 Address: 3938 DONNA AVENUE, SAN DIEGO, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 212,900.00

707 MELROSE PLACE, San Diego, CA
Rooms: 6 Bed: 3 Bath: 2.0 Price: 174,900.00

Dan Melson, Agent
Clarity Real Estate Network
619-300-7425

The new consumer article for today is Adverse Possession, discussing a method whereby property owners can lose part of their property by failing to defend their rights against squatters.


The Best Loans Right NOW

BIG Drop in Rates Today - Refinance NOW!

5.125% 30 Year fixed rate loan, with one point total discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2178, APR 5.255! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.75 percent (But you'd have to be crazy to pay that many points!)

5/1 Rates

5/1 ARMs have not seen the same drop as thirty year fixed rate loans (over half a percent at the same cost) so they are actually more expensive right now than the 30 year fixed. Given that, there is no reason to prefer them.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on temporary conforming, jumbo and super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

The new consumer article for today is Fake Agent Scams. Despite how many people get burned by trying to Buy Without an Agent, most of them don't realize how badly they have been taken. In this case, it appears that the agent the seller had was unlicensed to boot. Put it together and what have you got? A course for disaster of epic proportions.

The new consumer article for today is Cash to Close - A Basic Primer. The article discusses how much cash a buyer of real estate has to have in order to make the transaction happen. Proving that you have this money has always been an underwriting standard, and it is required before loan documents are generated. With the tightening of lending standards, lack of sufficient cash to close has become one of the big reasons why purchase transactions fail to close, and even a significant reason why refinancing may fail.

Copyright 2005-2014 Dan Melson. All Rights Reserved

 



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About this Archive

This page is an archive of entries from December 2008 listed from newest to oldest.

November 2008 is the previous archive.

January 2009 is the next archive.

Find recent content on the main index or look in the archives to find all content.



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