City sold reports, rate context, and longer explainers for North County buyers and sellers. Start with the newest “What Sold” post for your city, then dig into financing or prep pieces as needed.

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!

 

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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.

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

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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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We at the Lund Team had the pleasure of sitting down with Brenda and discussing the newest trends in trusts and real estate. After coffee, we asked Brenda if she would like to contribute to our blog.  Below are the top three mistakes she sees people make in regards to real estate trusts.  Enjoy!

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These are the most common mistakes I see in my practice every day. There are many myths and misconceptions out there about estate planning and real estate. This article is designed to help you recognize and avoid the most common mistakes families make in the passage of their real estate to the next generation and help your family save thousands of dollars in unnecessary taxes and probate fees.

Mistake #1: Not Understanding How Your Assets…

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