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        <title>You Are Almost Home!</title>
        <link>https://www.lundteam.com/blog/2011-06/</link>
        <description>Whether we post about our latest properties for sale or give you tips on how to buy or sell your home, the Lund Team's blog has all of the North County San Diego real estate updates you need! Subscribe today!</description>
<item>
    <guid>https://www.lundteam.com/blog/citigroup-offers-12000-to-short-sale-this-year.html</guid>
    <link>https://www.lundteam.com/blog/citigroup-offers-12000-to-short-sale-this-year.html</link>
        <author>tyson@lundteam.com (Tyson Lund)</author>
        <title>Citigroup offers $12,000 to Short Sale This Year</title>
    <description> <![CDATA[ 


The Lund Team is one of the few brokers with the experience (and patience) to work and close short-sales in this tough marketplace.  We received updated information that Citigroup is offering incentives for homeowners to short-sale this year.   



For more information on the short-sale process, contact The Lund Team


 



--------- News Release



Citigroup offering incentives to short sale home



Citigroup's mortgage servicing branch CitiMortgage is offering an 
average of $12,000 to borrowers who complete a short sale this year. By 
comparison, the mortgage servicer was offering $1,500 payments on 
average in 2009, and $3,000-$5,000 payments in 2010.


&quot;Incentives will be offered to customers experiencing financial 
hardship who need funds to proceed with the short sale,&quot; a Citi 
spokesman said. &quot;The amount, which is agreed upon up front, varies 
according to the borrower's individual circumstances and loan 
characteristics. It is disbursed to the homeowner when the sale is 
completed.&quot;


CitiMortgage has also reduced its short sale process from 120 days in
 2009 to 83 days. The company claims this is due, in part, to the firm 
reaching out to borrowers in trouble, instead of just waiting for the 
distressed homeowner to contact the bank for short sale information.


More info 

 ]]> </description>
    <pubDate>Thu, 30 Jun 2011 16:59:59 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/just-listed-3-bed-in-carlsbad-near-250000-fha-approved.html</guid>
    <link>https://www.lundteam.com/blog/just-listed-3-bed-in-carlsbad-near-250000-fha-approved.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>Just Listed - 3 bed in Carlsbad Near $250,000 - FHA approved</title>
    <description> <![CDATA[ 
http://www.firsthometour.com/2212/branded


6164 Paseo Ensillar, Carlsbad CA 92009
 ]]> </description>
    <pubDate>Wed, 29 Jun 2011 21:40:20 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/bank-wants-this-sold-314900-reduced-price-2841-cottingham-st.html</guid>
    <link>https://www.lundteam.com/blog/bank-wants-this-sold-314900-reduced-price-2841-cottingham-st.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>Bank wants this SOLD - $314,900 reduced price - 2841 Cottingham St</title>
    <description> <![CDATA[ 

3 Bedroom, 2.5 Bathroom and Approx. 2,174 sq. ft.


Bank Owned Turnkey opportunity in Mesa Pines neighborhood of Oceanside. Fresh paint. New Carpet. New Appliances and More.


Spacious rear Yard. Elevated lot with Views. Open Floorplan. Fireplace in Living Area. Community Pool.




 ]]> </description>
    <pubDate>Tue, 28 Jun 2011 13:54:31 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/bank-owned-hits-market-today-1655-high-crest-place-escondido.html</guid>
    <link>https://www.lundteam.com/blog/bank-owned-hits-market-today-1655-high-crest-place-escondido.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>Bank Owned Hits Market Today - 1655 High Crest Place, Escondido</title>
    <description> <![CDATA[ 
1655 High Crest Place, Escondido CA 92025 - Listed at $349,900.


BANK OWNED Custom built 4BR/3BA home on large corner lot, new paint and carpet, private pool and spa, 3-car garage, private location, split-level design, fireplace, large deck, PANORAMIC area views.


Video Tour: http://www.youtube.com/watch?v=EM_Oe0x2pMY


Call The Lund Team at 760.438.0800 or email lundmail@lundteam.com
 ]]> </description>
    <pubDate>Tue, 28 Jun 2011 13:38:03 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/storybook-single-level-in-oceanside.html</guid>
    <link>https://www.lundteam.com/blog/storybook-single-level-in-oceanside.html</link>
        <author>tyson@lundteam.com (Tyson Lund)</author>
        <title>Storybook Single Level in Oceanside</title>
    <description> <![CDATA[ 



We recently listed this single level estate on 4727 Marblehead Bay Drive.  See the video for our initial walkthrough on Youtube.  For low fees ($50 a month), quiet streets and in short driving distance to the coast, this area represents one of the best options for homebuyers. Seller will entertain offers between $445,900 - $465,900.


See the full property profile for more information or to schedule a showing.  
 ]]> </description>
    <pubDate>Tue, 28 Jun 2011 13:14:33 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/foreclosure-myths-debunked.html</guid>
    <link>https://www.lundteam.com/blog/foreclosure-myths-debunked.html</link>
        <author>tyson@lundteam.com (Tyson Lund)</author>
        <title>Foreclosure Myths Debunked.</title>
    <description> <![CDATA[ 
Foreclosure myths, debunked


Although
 there are a number of programs available to help homeowners who have 
defaulted on their mortgages keep their home, the large amount of 
misinformation tends to result in troubled homeowners failing to contact
 their lender until it is too late.


Making sense of the story




Some homeowners believe, incorrectly, that contacting their lender 
early in the process will draw attention to their situation and result 
in a quicker foreclosure.  In reality, contacting the lender or servicer
 is an important first step, and the sooner, the better.  Contacting the
 lender provides the homeowner with an opportunity to explain their 
situation and the steps necessary to deal with it.


It is a common misconception that missing one mortgage payment will 
lead to foreclosure.  However, the foreclosure process doesn’t begin 
until payments are 90 days delinquent.  Lenders generally have a 
financial interest in keeping homeowners in their homes, so making 
contact as early as possible could help lenders modify terms of the 
mortgage or devise a repayment plan.


Once homeowners are behind on their mortgage payments, it becomes 
challenging to dig out of the hole.  Some homeowners try to solve this 
by depleting their savings or dipping into their retirement accounts to 
become current on the loan.  Most financial experts advise against this.


Delinquent homeowners may think they should stop making mortgage 
payments to get their lender’s attention, which often isn’t the case.  
When possible, homeowners should stay current on their mortgage payments
 and continue to contact their lender on a regular basis.


Homeowners who have applied for assistance or loan modification 
programs in the past and were turned down are advised to reapply.  
Program parameters are constantly changing, so the rules might have been
 liberalized since the last time the borrower sought help.


A number of free, government-sponsored housing services are 
available through the Dept. of Housing and Urban Development (HUD).  A 
list of HUD-approved agencies can be found at http://www.hud.gov. 




Read the full story
 ]]> </description>
    <pubDate>Fri, 24 Jun 2011 11:08:09 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/one-of-the-best-lots-in-saltaire-6461-topmast-dr-carlsbad-ca-92011.html</guid>
    <link>https://www.lundteam.com/blog/one-of-the-best-lots-in-saltaire-6461-topmast-dr-carlsbad-ca-92011.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>One of the best lots in SaltAire 6461 Topmast Dr, Carlsbad CA 92011</title>
    <description> <![CDATA[ 
Just listed - $790,000 to $830,000 


Stunning Residence Two with large backyard. Courtyard, three fireplaces, upgraded interior, first floor bedroom and bath, plantation shutters, high volume ceilings. The gourmet island kitchen opens to the family room. Built-in refrigerator. Luxurious master suite and bath with walk-in closet. Private location with parklike views. Low HOA fees. CARLSBAD SCHOOLS



 ]]> </description>
    <pubDate>Thu, 23 Jun 2011 11:49:04 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/reminder-to-sellers-carbon-monoxide-detectors-required-by-law-july-1-2011.html</guid>
    <link>https://www.lundteam.com/blog/reminder-to-sellers-carbon-monoxide-detectors-required-by-law-july-1-2011.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>Reminder to Sellers... Carbon Monoxide Detectors Required by Law - July 1, 2011</title>
    <description> <![CDATA[ 
California Senate Bill 183 was signed into law which requires the installation of Carbon Monoxide detectors in rental units, and dwellings that are being transferred (sold) after July 1, 2011.

July 1, 2011, Carbon Monoxide detectors will be REQUIRED in houses that are being sold if they have any of the following: 



Any gas appliances such as a gas stove, gas furnace, gas fireplace, gas water heater.


A fireplace 


An attached garage (even if there are no gas appliances in the house). Cars emit CO 


ANY rental dwelling.


As of January 1, 2013, ALL houses that meet the criteria listed above will be required to have Carbon Monoxide detectors. Even those that are not being sold will be required to have them just like smoke detectors.


 ]]> </description>
    <pubDate>Thu, 23 Jun 2011 10:16:37 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/san-elijo-hills-deal-1552-clifftop-ave-san-marcos-ca-92078.html</guid>
    <link>https://www.lundteam.com/blog/san-elijo-hills-deal-1552-clifftop-ave-san-marcos-ca-92078.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>San Elijo Hills DEAL  1552 Clifftop Ave, San Marcos CA 92078</title>
    <description> <![CDATA[ 



Short Sale deal just listed today.  $550,000 - $575,000.  Over 2,800 ft with 5 bedrooms.  POOl and SPA.  Tons of upgrades.  Give us a ring at 760.438.0800.  This will go super fast...
 ]]> </description>
    <pubDate>Wed, 22 Jun 2011 09:33:59 -0700</pubDate>
</item>
<item>
    <guid>https://www.lundteam.com/blog/are-you-a-buyer-sitting-on-the-fence.html</guid>
    <link>https://www.lundteam.com/blog/are-you-a-buyer-sitting-on-the-fence.html</link>
        <author>Contact@LundTeam.com (Garrett Lund)</author>
        <title>Are you a buyer sitting on the fence?</title>
    <description> <![CDATA[ 
I was talking to friend today and he was not sure if now was the time to buy.  He was certain prices were going to fall.  Now he may be correct, but we wanted to see if his waiting would really save him money.  


We did a hypothetical exercise; we compared 2 scenarios.


  ·         1st - Buying today at today’s current market price and interest rate 


·           2nd - a future date where the speculative market prices had dipped an additional 10 and the interest rates had moved back up to the 6 range.  


Guess what we found out?  In this example his waiting would have cost him I included the numbers below.                                    


1st  Purchase Price $540,000.00                           2nd Purchase Price $600,000.00     


Down Payment 20.00                                        Down Payment20.00


Min Investment$120,000                                     Min Investment$108,000 


Loan amount$480,000                                        Loan amount$432,000 


Annual interest rate4.75                                    Annual interest rate6.00


Loan period in years30                                         Loan period in years30


Monthly P&amp;I payment $2,503.91                             Monthly P&amp;I payment $2,590.06 


Number of payments360                                       Number of payments360


Total interest $421,406.60                                    Total interest  $500,420.98                                Total cost of waiting $79,014.38


This information was provided by Lani Furrows with BofA - 619.316.3106.  Thank you.
 ]]> </description>
    <pubDate>Mon, 20 Jun 2011 17:31:40 -0700</pubDate>
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