Lund Team Journal

Fannie Mae and Freddie Mac May Merge

There is still in its infancy, but having government support would most likely support an era of low mortgage rates.  See and read below:

Bill proposes merger of Fannie and Freddie

Rep. Gary G. Miller (CA-42) and Rep. Carolyn McCarthy (NY-04) are expected to introduce a bill tomorrow to merge Fannie Mae and Freddie Mac, and restructure the company into a government-held corporation.

The legislation will propose that the merged company purchase mortgages and sell them to investors as securities that are government-backed. The new company wouldn't operate for profit-making purposes and wouldn't have shareholders.

Under the proposal, a five-member board would govern the corporation, and it would be regulated by the Federal Housing Finance…

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New Price!! Stunning Plan Three at Warmington's Fiori at La Costa Ridge

$1,275,000 - $1,350,000 - 3228 Sitio Montecillo, Carlsbad CA 92009

This 5 bedroom + library/5.5 bath residence is better than new with over $200,000 in upgrades and improvements! Large loggia, porch and second floor covered decks. Great curb appeal with entry portico. Four car split garage! .34 acre lot with spectacular pool and spa. Private and quiet cul-de-sac location with PANORAMIC area views.

 Video Tour... http://www.youtube.com/watch?v=7x0vqGSJOZ4

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San Elijo Hills - Upcoming Short Sale... It's Amazing!!

http://www.firsthometour.com/16803/branded

Not on the market yet.  Looking to launch late next week.  Give us a ring to discuss.  Thanks.

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Citigroup offers $12,000 to Short Sale This Year

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.  

--------- News Release

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.

"Incentives will be offered to customers experiencing financial hardship who need funds to…

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Just Listed - 3 bed in Carlsbad Near $250,000 - FHA approved

http://www.firsthometour.com/2212/branded

6164 Paseo Ensillar, Carlsbad CA 92009

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Storybook Single Level in Oceanside

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. 

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Bank Owned Hits Market Today - 1655 High Crest Place, Escondido

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

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Bank wants this SOLD - $314,900 reduced price - 2841 Cottingham St

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.

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Foreclosure Myths Debunked.

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…

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One of the best lots in SaltAire! 6461 Topmast Dr, Carlsbad CA 92011

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!

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