Dan Melson: November 2008 Archives


This week is one where I didn't write much that was new, because I was too busy with clients. But the updated articles include some critical ones

Newly Written Articles

Consumer Focused Carnival of Real Estate is this month's carnival of real estate information targeted solely at educating consumers.

Updated Articles

Levels of Mortgage Documentation, or, Why You Should Demand to Do More Paperwork You knew there was a reason why stated income was bad, right?

Loan Pre-Approval Means Nothing You don't think the person writing that approval is actually risking anything, do you?

Cash Flow Versus Balance Sheet Accounting in Real Estate There's more to consider than payment. Much more.

Hourly Pay Instead of Commission For Agents This is one of those ideas that sounds good, but when you examine the nuts and bolts, not so much.

Pre-Payment Penalties If Your Loan Is Sold To Another Lender Selling the right to receive payments alters nothing about the loan contract.

Homesteading and Declaration of Homestead talks about what a declaration of homestead is.


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: 114,900.00

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: 5 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: 84,900.00

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: 745 EAST BRADLEY AVENUE 37, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 74,900.00

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: 184,900.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 185,500.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 196,100.00

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

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: 9230 LAKEVIEW RD, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 279,900.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 323,300.00

Santee

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 229,000.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 249,900.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 8 Bed: 4 Bath: 4.0 Price: 299,000.00

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

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

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

San Diego City

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

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

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 79,500.00

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: 126,405.00

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: 187,500.00

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

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

Project Valour IT

| | Comments (0)

(This will remain on top through Thanksgiving. Scroll Down for newer entries.)

This cause means a lot to me. It seems the absolute minimum I can do for these wonderful people who are essential to this country.

Project Valour IT helps injured service people reconnect with the internet by furnishing voice activated laptops to wounded service folk who have lost the use of one or more limbs. This is critical because it allows them to do things everyone else has come to take for granted while they're going through treatment for their wounds, and afterwards.

These folks stepped up to the line to defend you, me, our friends, family, and even that jerk who runs this website that everyone hates, and it cost them one or more limbs. Seems an awfully small measure of appreciation to help them be able to surf the internet and send email while undergoing treatment and afterwards, because I've yet to meet any of them who really got their hands back.

Please, give what you can if you can. These men and women deserve a lot more than this, but this is what I'm asking you to help with. I know it's rough; I understand if you're not in a position to do so. But please help if you can

(PS the manufacturer sells these laptops at cost or even a bit below. They don't make a penny)

Here's the Soldier's Angels page that tracks the overall progress. (if you have a website, join there!)

Prevent this shame from happening to us. Please.

The Last of the Light Brigade

There were thirty million English who talked of England's might,
There were twenty broken troopers who lacked a bed for the night.
They had neither food nor money, they had neither service nor trade;
They were only shiftless soldiers, the last of the Light Brigade.

They felt that life was fleeting; they knew not that art was long,
That though they were dying of famine, they lived in deathless song.
They asked for a little money to keep the wolf from the door;
And the thirty million English sent twenty pounds and four!

They laid their heads together that were scarred and lined and grey;
Keen were the Russian sabres, but want was keener than they;
And an old Troop-Sergeant muttered, "Let us go to the man who writes
The things on Balaclava the kiddies at school recites."

They went without bands or colours, a regiment ten-file strong,
To look for the Master-singer who had crowned them all in his song;
And, waiting his servant's order, by the garden gate they stayed,
A desolate little cluster, the last of the Light Brigade.

They strove to stand to attention, to straighten the toil-bowed back;
They drilled on an empty stomach, the loose-knit files fell slack;
With stooping of weary shoulders, in garments tattered and frayed,
They shambled into his presence, the last of the Light Brigade.

The old Troop-Sergeant was spokesman, and "Beggin' your pardon," he said,
"You wrote o' the Light Brigade, sir. Here's all that isn't dead.
An' it's all come true what you wrote, sir, regardin' the mouth of hell;
For we're all of us nigh to the workhouse, an, we thought we'd call an' tell.

"No, thank you, we don't want food, sir; but couldn't you take an' write
A sort of 'to be continued' and 'see next page' o' the fight?
We think that someone has blundered, an' couldn't you tell 'em how?
You wrote we were heroes once, sir. Please, write we are starving now."

The poor little army departed, limping and lean and forlorn.
And the heart of the Master-singer grew hot with "the scorn of scorn."
And he wrote for them wonderful verses that swept the land like flame,
Till the fatted souls of the English were scourged with the thing called Shame.

O thirty million English that babble of England's might,
Behold there are twenty heroes who lack their food to-night;
Our children's children are lisping to "honour the charge they made-"
And we leave to the streets and the workhouse the charge of the Light Brigade!

Rudyard Kipling

Please help if you can.


The Best Loans Right NOW

BIG Drop in Rates Today - Refinance NOW!

5.25% 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 $2209, APR 5.381! 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.

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


I've been working a lot of hours and allowed some of the more usual articles to fall behind.

Newly Written Articles

VA Loans Have Become The Magic Bullet talking about how, with everything else getting tightened and over-tightened, VA loans have become the best thing on the block.

How Much Down Payment Do I Need and How Do I Get It? Talks about how to get a down payment so you can buy real estate while it's cheap.

Mortgage Fraud Is Still Happening - What To Do About It No matter what is happening, or how many people are being arrested for mortgage fraud, it seems there is always a scam of the month.

You've Got a Great Offer, But Can The Buyer Consummate It? (Cash to Close) talks about investigating whether your prospective buyer really has the cash to close the loan that's going to enable them to actually buy your property.

Stop Short Sale Bait and Switch talks about the increasingly common practice of advertising listings - particularly but not exclusively short sale listings - below any price that might have any possibility of being accepted, in order for agents to meet buyers.

Updated Articles

California Mortgage Loan Disclosure Statement

Adding Someone to An Existing Mortgage

Unpaid Property Taxes That Should Have Been Paid Through Escrow

When The Buyer And Seller Can't Agree On A Price For Real Estate

Understanding Loans: When There Is A Problem, It's Good If They Tell You Right Away Don't penalize the people who are actually honest.

Buyer's Basic Guide to The Foreclosure Process and REOs

Read The Full Note Before Signing

Pay a Prepayment Penalty Now or Wait to Refinance Until It Expires?

New Good Faith Estimate and HUD 1 Form Approved

Misplaced Improvements in Real Estate

Housing Bubble Death Trap

Buying Real Estate Without A Source of Income Or When You Are Changing Careers

Some Risks of Lender Owned Properties (REO)

Getting Rich Quick in Real Estate

Real Estate Sellers Giving A Buyer Cash Back is Defrauding the Lender

Zero Interest Credit Cards versus Home Equity Line Of Credit


These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing. Sorry I've been late on this - I have worked almost ninety hours this week, with Saturday yet to go...

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: 114,900.00

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: 5 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: 84,900.00

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: 745 EAST BRADLEY AVENUE 37, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 74,900.00

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: 184,900.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 185,500.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 196,100.00

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

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: 8126 WINTER GARDENS ROAD, LAKESIDE, CA
Rooms: 4 Bed: 2 Bath: 1.5 Price: 106,000.00

Address: 9230 LAKEVIEW RD, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 279,900.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 323,300.00

Santee

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 229,000.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 249,900.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 8 Bed: 4 Bath: 4.0 Price: 299,000.00

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

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

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

San Diego City

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

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

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 79,500.00

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: 126,405.00

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: 187,500.00

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

Address: 1441 CAMINO ZALCE, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.5 Price: 276,000.00

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

The new consumer article for the day is Stop Short Sale Bait and Switch. I am sick and tired of the fraudulent way that lazy incompetent agents have taken to marketing short sale properties - and it's going to start having major bad effects upon their clients again, too. Debt forgiveness income is going to be taxable again come January 1, 2009, and it's looking like Congress isn't going to do anything about extending the expiring tax recess.

The new consumer article for the day is You've Got a Great Offer, But Can The Buyer Consummate It? (Cash to Close). These days, you have to pay attention to details like the limits of how much lenders are willing to loan, in what circumstances they are willing to loan it, and whether the buyer has the cash to make up the difference and actually consummate the transaction.


The Best Loans Right NOW

5.875% 30 Year fixed rate loan, with one point discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2366, APR 6.011! 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 5.375 percent (But you'd have to be crazy to pay that many points!)

5/1 Rates

5.375% 30 Year fixed rate loan, with one point total discount plus origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2239, APR 5.507! This is a thirty year fixed rate loan. This is a fully amortized thirty year loan with a 5 year fixed period. 5/1 year fixed rate loans as low as 5.125 percent (But you'd have to be crazy to pay that many points!)

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 the day is Mortgage Fraud Is Still Happening - What To Do About It. There are still tricks that the less scrupulous agents and loan officers are pulling that are just as fraudulent as at the height of the insanity. You don't want to get involved in them.



These are newly listed HOMESTEPS properties from Freddie Mac for the areas I work. These properties qualify for special financing. Sorry I've been late on this

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: 114,900.00

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: 5 Bed: 2 Bath: 2.0 Price: 184,900.00

Address: 12190 CUYAMACA COLLEGE DRIVE E, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 196,100.00

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: 84,900.00

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 14, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 127,200.00

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: 745 EAST BRADLEY AVENUE 37, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 74,900.00

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: 184,900.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 185,500.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 196,100.00

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: 8126 WINTER GARDENS ROAD, LAKESIDE, CA
Rooms: 4 Bed: 2 Bath: 1.5 Price: 106,000.00

Address: 9230 LAKEVIEW RD, LAKESIDE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 279,900.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 323,300.00

Santee

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 229,000.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 249,900.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 8 Bed: 4 Bath: 4.0 Price: 299,000.00

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

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 79,500.00

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: 126,405.00

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: 187,500.00

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

Address: 1441 CAMINO ZALCE, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.5 Price: 276,000.00

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

The new consumer article for the day is New Good Faith Estimate and HUD 1 Form Approved. The government has come up with new regulations on the Good Faith Estimate (Mortgage Loan Disclosure Statement in California) and HUD 1 Form. The final regulations will be published tomorrow (Friday) in final form. I don't have access to them until then, but unless the regulations give enough loopholes to completely emasculate the new Good Faith Estimate, this will be the best new thing for consumers since the creation of the thirty year fixed rate loan.

Exactly how this is going to play in California, with the required MLDS, is unknown at this point.

The one gripe I have thus far, and it's a big one, is that the new forms and their regulations don't go into effect until January of 2010, more than a year in the future.


The Best Loans Right NOW

5.875% 30 Year fixed rate loan, with one point discount and origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2366, APR 6.011! 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 5.375 percent (But you'd have to be crazy to pay that many points!)

5/1 Rates

5.375% 30 Year fixed rate loan, with one point total discount plus origination to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2239, APR 5.507! This is a thirty year fixed rate loan. This is a fully amortized thirty year loan with a 5 year fixed period. 5/1 year fixed rate loans as low as 5.125 percent (But you'd have to be crazy to pay that many points!)

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 stated income loans 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 the day is How Much Down Payment Do I Need and How Do I Get It?. The title says it all: How much do you need, and ways of coming up with it in a hurry, while the high priced markets are still underpriced due to loan constraints. (The Mortgage Loan Market Controls the Real Estate Market!) I would much rather buy the property while it's $300,000 if I can, instead of waiting for prices to go back up to $500,000, as they will if I wait until the mortgage market gets easier to work.


The new consumer article for the day is VA Loans Have Become The Magic Bullet. It isn't that VA loans have changed; it's that everything else has severely tightened the qualifications.

I'll try and have at least a couple of my more regular posts for this site up within the next couple of days.


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: 3920 MASSACHUSETTS AVE, LA MESA, CA
Rooms: 5 Bed: 2 Bath: 1.0 Price: 279,900.00

El Cajon

Address: 1509 EAST WASHINGTON AVENUE UNIT 16, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 114,900.00

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: 5 Bed: 2 Bath: 2.0 Price: 184,900.00

Address: 12190 CUYAMACA COLLEGE DRIVE E, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 2.0 Price: 196,100.00

Address: 294 CHAMBERS STREET 53, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 72,900.00

Address: 210 CHAMBERS ST UNIT 32, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 79,500.00

Address: 589 NORTH JOHNSON AVENUE 230, EL CAJON, CA
Rooms: 4 Bed: 1 Bath: 1.0 Price: 84,900.00

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 14, EL CAJON, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 127,200.00

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

Address: 745 EAST BRADLEY AVENUE 37, EL CAJON, CA
Rooms: 4 Bed: 2 Bath: 1.0 Price: 74,900.00

Address: 830 BROADWAY UNIT 27, EL CAJON, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 83,740.00

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: 184,900.00

Address: 1174 PERSIMMON AVE, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 185,500.00

Address: 1272 PERSIMMON AVENUE 1, EL CAJON, CA
Rooms: 5 Bed: 3 Bath: 2.5 Price: 196,100.00

Lakeside

Address: 12710 LAKESHORE DR M, LAKESIDE, CA
Rooms: 4 Bed: 1 Bath: 1.0 Price: 67,500.00

Address: 8126 WINTER GARDENS ROAD, LAKESIDE, CA
Rooms: 4 Bed: 2 Bath: 1.5 Price: 106,000.00

Address: 13106 LAUREL ST, LAKESIDE, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 323,300.00

Santee

Address: 10214 KERRIGAN STREET, SANTEE, CA
Rooms: 6 Bed: 4 Bath: 2.0 Price: 227,900.00

Address: 7895 RANCHO FANITA DR E, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 1.5 Price: 229,000.00

Address: 9556 ABBEYFIELD ROAD, SANTEE, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 249,900.00

Address: 8803 APPLE BLOSSOM CT 5, SANTEE, CA
Rooms: 8 Bed: 4 Bath: 4.0 Price: 299,000.00

Address: 10235 BRIGHTWOOD LANE 3, SANTEE, CA
Rooms: 6 Bed: 3 Bath: 3.5 Price: 318,900.00

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

San Diego City

Address: 4209 45TH STREET 7, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 79,500.00

Address: 5252 ORANGE AVE 223, SAN DIEGO, CA
Rooms: 3 Bed: 1 Bath: 1.0 Price: 82,900.00

Address: 4570 54TH UNIT 116, SAN DIEGO, CA
Rooms: 5 Bed: 1 Bath: 1.0 Price: 126,405.00

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: 5 Bed: 2 Bath: 1.5 Price: 159,500.00

Address: 4323 51ST ST, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 187,500.00

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

Address: 1441 CAMINO ZALCE, SAN DIEGO, CA
Rooms: 5 Bed: 2 Bath: 2.5 Price: 292,500.00

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

 



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