Issue #271
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Hello once again. After you read the
HomeSELLING
question below, come back and view the
photo we were
able to acquire of the investor interested in buying the woman’s home.
True Story:True Story: Dumb Criminals #1 of 2 (#2 next week)
OK, these aren’t real estate related, but a real estate client who is a
criminal defense attorney told them to me. Two of his clients were robbing a
home. They found a camera and tried it out, taking photos of each other posing.
But the camera just spit out blank gray photos. So they left it all, grabbed
other items, and took off. …Turns out the camera was a Polaroid. When the family
came home, they found a collection of developed photos of these two dolts posing
in their home. The cops recognized them and tossed them in jail.
U.S. Cities Ranked: Top 10
Most Affordable U.S. Cities To Live In
With cost of living index, according to InfoPlease.com:
1. 89.9 – Memphis, TN
2. 91.5 – El Paso, TX
3. 92.0 – Topeka, KS
4. 92.0 – Oklahoma City, OK
5. 92.1 – Springfield, IL
6. 92.3 – Jackson, MS
7. 92.3 – Omaha, NB
8. 92.4 – Jacksonville, FL
9. 93.5 - Charlotte, NC
10. 94.2 – San Antonio, TX
Next week: FBI’s list of safest/least violent cities
Get On Our San Diego “Foreclosure Hot-List”
Five major lenders have asked me to handle their foreclosures, and I’m
looking for a short list of investors or people wanting to buy a home or
investment up to 5-10% below market. If you’d like to be the first to find out
about them,
click here.
FREE MLS Online Search For A San Diego or Riverside Home
To search for a home right now, click here:
Free MLS Homesearch
This Week’s Free Offer:
Thinking Of Selling?
Get A FREE “Vital Document & Deed Kit” To YOUR San Diego County Property
Now you can receive a FREE complete set of vital documents you need when you
sell your real estate. Your
free Vital Document & Deed Kit includes:
1. Notarized Grant Deed
2. Notarized Trust Deed(s)
3. Official Square-Footage Of Your Home & Lot
4. Official Parcel Map To Your Property, With Property Lines
5. Area Sales Activity
6. Area School Info + Test Scores
For your free Document Kit on your home or other property, call me at
(858)457-KENT. We will send it to you
by mail within 3 business days.
You Know You’re In San
Diego When…
…your winter jacket is a windbreaker ~
(Thanks Audrey. Our readers sure send in a lot of weather-related ones. I wonder
why… Got one of your own?
Email
it to me.)
Send This Free Newsletter
To A Friend
Subscribe them with a quick email to
TellAFriend@GaryKent.com
with their email address in the subject line.
Remember to email your questions, comments, compliments, corrections, critiques, & rebuttals to Questions@GaryKent.com.
None currently scheduled. Please check back.
"I saw that Farmer’s Insurance
isn’t taking on new clients in CA. I’m afraid when I buy a home I might not be
able to get homeowner insurance. Do I need an insurance contingency in my
offer?"
***ANSWER:
No. There are still plenty of firms writing homeowner’s insurance. And if the
unlikely scenario that insurance became hard to get, some smart insurance
company would fill the void and offer insurance.
And if THAT didn’t happen, the state would expand its current “California FAIR
Plan” where they offer insurance.
But, no pun intended, I don’t want to create smoke when there isn’t a fire.
There will always be homeowner’s insurance available.
"My husband and I are in a bad
situation. He lost his job and we can’t afford to pay the mortgage. And if we
rented our home out, we’d have a $1200 per month negative cashflow. We owe
$534,000, but our home is only worth $500,000, so we can’t sell. Out of the
blue, an investor called us yesterday and offered to take over our home over
‘subject to’. Can you explain what that means and if it’s something we should
consider?”
***ANSWER:
What it means is that the investor is a shark and plans to rip you off and
another unsuspecting family!
Buying a home “subject to”, means buying it “subject to” the loan instead of
assuming the loan. In other words, instead of them getting the bank’s approval
to assume the loan in their name, your name stays on the loan.
Why is this important?
In all but a rapidly appreciating market, an investor would be a fool to take
over your negative equity situation, then rent the house out and eat a nasty
negative cashflow every month.
So what these sharks do is…
They take over your loan, leaving your name on it. Then they lease the house
out, getting as much money up front from the tenant as possible. They may even
have tenant pay a few months rent up front in exchange for a lower rent or the
last two months rent-free.
Then they make no payments on the mortgage, letting the house be foreclosed on.
Summary:
The investor steals thousands of dollars of rent up front without spending a
nickel.
The tenant gets booted out of the house early when it’s foreclosed on.
You get a foreclosure on your credit.
My advice is you tell that shark to take a hike…or a swim.
Investing or Financing Question
"Hi Gary. LOVE
your enewsletters. Question for you, I still have my condo in La Jolla. Where
could I find out what the current rents are? I need to raise the rent and
thought there must be something online but haven't found a good source. Anything
you use in your office? Thanks in advance."
***ANSWER:
Nice to hear from you.
The only online source that I know of, and I'm not 100% sure, is for members of
the San Diego Apartment County Apartment Association (www.sdcaa.com).
Other than that, you might try checking rentals at the Union-Tribune (www.SignOnSanDiego.com)
or www.CraigsList.com.
Good luck.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Great Rancho Bernardo
Home
BR/BA:
2/2.5 Sqft:
1,458 Price:
$345,000 |
|
For more information on this Delightful Home and Open House Click Here | |
"COMING SOON"
(Click
Contact Me to be contacted BEFORE these properties hit the market!)
– Cardiff – Foreclosure!
“Park Place” 2BR, 1-level condo w/ many upgrades, including granite kitchen. Low
300s
Contact Me
New – Chula Vista – Foreclosure! Spectacular newer 5BR/4BA, 3414sqft home w/ 100K in upgrades. Price TBD. Contact Me
– Chula Vista – Foreclosure! Hilltop area: Handsome 3BR/2BA house on oversize 7400sqft lot. Low 400s? Contact Me
– Chula Vista – Foreclosure! Cute “Eastlake” 2BR/2BA home, a short walk to manmade lake, park, etc. Contact Me
– Chula Vista – Foreclosure! Gorgeous upgraded 3BR/2BA townhome right next to “tot park.” 300K? Contact Me
- Chula Vista – Foreclosure! Cute remodeled 3BR house w/ white picket fence. $300s? Contact Me
- Clairemont – Foreclosure! Walk to Clairemont Towne Square movies/shops. 3BR/2BA house. Lo/mid 400s? Contact Me
- Clairemont –
Foreclosure! Upgraded 2BR/1.5BA 1097sqft
townhome w/ unusual 3-car garage. Lo 300s?
Contact Me
- Clairemont –
Foreclosure! “Foxrun” 3BR/2.5BA 1806sqft house w/ 2-car garage, FPL,
high ceilings. Price TBD.
Contact Me
- Clairemont – Foreclosure! 3BR house w/ garage. Quiet street. More info to follow. Lo $400s. Contact Me
- College Area – Foreclosure! Gorgeous 1-yr-new 2BR/2BA condo conv. Gated complex. Lo/Mid $200s. Contact Me
New – Downtown –
Foreclosure! You’ll love this “West Ash Urban Homes” condo in Little Italy.
Price TBD.
Contact Me
- Downtown –
Foreclosure! Tenth-floor 1BR condo
in Acqua Vista. Very low 300s..
Contact Me
- Downtown – Foreclosure! 1BR/1.5BA ground-floor condo with direct street entrance.Price TBD Contact Me
– Downtown – Foreclosure! Luxury 2BR/2BA 1684sqft vu condo in “The Grande.” Lo800s? Contact Me
– East San Diego – Foreclosure! 2BR condo w/ garage! High $100s?? Contact Me
– East San Diego – Foreclosure! 2BR condo in gated community w/ security guard, pool. Low $200s Contact Me
– East San Diego – Foreclosure! Redone 3BR/2BA condo w/ granite, some ocean vu! Hi 200s? Contact Me
– El Cajon – Foreclosure! Spacious 2297sqft 4BR home on 1/2 acre w/ pool, cov’d patio, many extras. Price TBD. Contact Me
– El Cajon – Foreclosure! 2 Units on .56 acres: 3BR house + 1BR cottage. Low 500s? Contact Me
– Encanto – Foreclosure! Stunning, just remodeled 4BR/2.5BA, 1656 sqft home on large lot: just 400K? Contact Me
– Escondido – Foreclosure! Remodeled 3BR/2BA end-unit condo w/ gas FPL. Price TBD. Contact Me
New – Golden Hill Area – Foreclosure! Handsome 3BR/2BA, 1659sqft house on oversize 7100sqft lot. Price TBD. Contact Me
– Imperial Beach – Foreclosure! 2BR/1.5BA townhome in tropical setting. 2 minutes to beach. Price TBD Contact Me
– La Mesa – Foreclosure! 1572sqft 3BR/2BA home on almost 1/4 acre. Panoramic views! Mid 400s? Contact Me
- La Jolla – Foreclosure! 3BR/2BA Mediterranean w/ eat-in kitchen, dbl garage, 1,000sqft patio, FPL. Price TBD. Contact Me
- La Mesa – Bank Owned Foreclosure! Remodeled 5BR/3BA 2537sqft view home on .41 acres. $500s? Contact Me
– Lemon Grove – Foreclosure! Huge 2674 sqft home on oversize 8,900 sqft lot, spacious MBR suite. Price TBD Contact Me
– Lemon Grove – Foreclosure! Newly converted 1008sqft 3BR/2BA condo in attractive complex! Contact Me
- Linda Vista – Foreclosure! Very affordable 1BR condo, apx 618sqft. 160s? Contact Me
– Logan Heights – Foreclosure! 3BR/2BA home, probably in the low/mid 300’s. Contact Me
New – Mira Mesa – Foreclosure! “Mesa Village” 3BR/2BA, 1239 sqft home close to spool, spa, greenbelt. 300s? Contact Me
– Mira Mesa – Foreclosure! Gorgeous 2-yr-new 2BR/2BA condo conv: granite, travertine, maple. Hi $200s. Contact Me
– Mira Mesa –
Foreclosure! 3BR/2BA house w/ 2-car garage on
6,000 sqft lot. Mid-400s?
Contact Me
– Mission Valley –
Foreclosure! 2-year-new “Escala” 2BR 1611sqft townhome,
DBL garage. 600K?
Contact Me
- Nestor – Foreclosure! 5-year-new “Robinhood Ridge” 4BR/2.5BA house w/ beautiful views. Low 500s. Contact Me
– Normal Heights – Foreclosure! 2-yr-new 3BR/3.5BA 1765sqft condo w/ dbl garage. Hi 500s? Contact Me
– North Park – Foreclosure! 3-Units: 3BR/1BA + two 1BR/1BA. Apx 42K/yr gross income. High 500s? Contact Me
- Oak Park – Foreclosure! Cute, upgraded 2BR cottage w/ garage & large yard
$300’s?
Contact Me
- Oceanside – Foreclosure!
Handsome 3BR/2.5BA detached home w/ dbl garage. Low $400’s?
Contact Me
- Oceanside – Foreclosure! Stunning 2-yr-new 3210sqft home w/ spectacular views! Price TBD. Contact Me
- Pacific Beach – Handsome, woodsy custom house 5 blks to beach. Pool, gourmet kitchen, luxurious MBA. Price TBD Contact Me
- Pt Loma – Foreclosure! Cute 2BR, 1227sqft house w/ garage, 6500sqft lot. High $600’s? Contact Me
- Ramona – Foreclosure! 2181sqft 3BR house on 6 full acres of horse property. $700s? Contact Me
– San Carlos – Foreclosure! 5BR/3.5BA, 2300sqft home w/ fam room, solar pool. Hi $500s? Contact Me
– San Carlos – Foreclosure! Walk to Mission Trails Park from this 2BR, 806sqft condo. Low 200s. Contact Me
– San Ysidro –
Foreclosure! 3BR 1323 sqft townhouse w/ 2-car
garage. Low 300s?
Contact Me
- Scripps Ranch – Mint La Merida
3-4BR/2.5BA “model home” w/ travertine &
cherrywood floors! Low 700s.
Contact Me
New – Spring Valley –
Foreclosure! 3BR/2BA, 1180sqft home. More info
to follow. 200s???
Contact Me
– Spring Valley –
Foreclosure! Upgraded 3BR/2BA home w/ 2-car garage, a/c, large lot,
lovely yard. Low 400s.
Contact Me
– Spring Valley –
Foreclosure! Enjoy spectacular views of Sweetwater Reservoir from
this 2BR condo. Low 200s.
Contact Me
- Spring Valley – Foreclosure! 3BR/2BA home on large lot. 2-car garage. 300s? Contact Me
– Spring Valley –
Foreclosure! Ultimate fixer upper 3BR/2BA house w/ dbl garage. Great
vu. Price TBD.
Contact Me
– Spring Valley –
Foreclosure! 4BR/2BA Rancho San Diego culdesac home w/ canyon & lake
views! 400s?
Contact Me
- Temecula –
Foreclosure!
3BR/2BA house on corner lot. More info to follow. 300s?
Contact Me
- Vista – Foreclosure! Cute 2BR cottage w/ white picket fence, 2-car garage,
big yard. 400-ish?
Contact Me
NEWLY LISTED (Your Property Here!)
|
Too New For Photo |
New – Chula Vista – Foreclosure! Handsome “Stratford Court” 2BR/2BA condo w/ garage! $289,900. Contact Me |
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- College Area – Foreclosure! Top-floor 2BR condo: FPL, laundry in unit, large balcony, low HOA fees. $239,900. See For Your Self |
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
|
Too New For Photo |
– Carmel Valley – Foreclosure! Spacious 3BR/3BA “twin home” w/ large yard on quiet street. New carpet, paint, etc. $599,900 Contact Me |
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– Chula Vista – Foreclosure! Stunning 3-year-new 4BR/2.5BA Mediterranean home w/ mountain views: $664,900! Take A Look |
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– Chula Vista – Foreclosure! 4BR, 2019sqft house on culdesac w/ pool, many upgrades! Reduced 28K to $531,000 Check It Out |
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Sold - Chula Vista – Foreclosure! Newer 3BR, 2.5BA, 1452sqft townhome w/ garage. Reduced again to $369,900. Search The MLS |
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- Chula Vista – Foreclosure! 8yr-new Rancho Del Rey townhome w/ dbl garage, gated community. $392,500! Take A Look |
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– Chula Vista – Foreclosure! 2-yr-new 4BR/3BA, 2335 sqft Eastlake Trails house, 3-car garage. Cut 50K $599,900 Find The Answers To Your Questions |
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– City Heights – Foreclosure! You can own this affordable 2BR condo in “Harbor Vista” for only $174,900! Property Features |
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– Clairemont/BayHo – Stunning, fully remodeled condo. Brand new kitchen, bath, carpet, paint, flooring, etc. 165-185K Check It Out |
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- Clairemont – Foreclosure! 4BR/3BA 1614 sqft home in Kearny Mesa near shopping & freeways. $459,900 Take A Look |
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- Downtown – Spectacular “City Walk” 2BR/1.5BA condo. Offers loft-style BR, granite, travertine, upgrades: 495-545K! See For Yourself |
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Reduced - Downtown – Foreclosure! Newer 1BR/1.5BA ground-flr condo in TREO in Little Italy. Direct street entrance. $414,900! More Info |
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Sold - Downtown – Foreclosure! 2BR 2nd-floor condo in historical & famous CORTEZ HILL. Reduced to $495,000 Find Others Like It |
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- Downtown – Foreclosure! 2-year-new 2BR/1BA high-rise condo w/ views in hip “Acqua Vista”. Reduced again: Reduced Again: $505,900. See The View |
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– East San Diego – Foreclosure! Cute, upgraded 2BR house w/ garage and huge backyard. Reduced to: $354,900 View Details |
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- El Cajon – Foreclosure! 4BR/2BA house on oversize 11,300sqft lot w/ pool, garage, big yard. $479,900. See For Yourself |
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- Encanto – Foreclosure! 1-year-new 3BR/2.5BA 1628sqft house, dbl garage, large lot, some views. $476,500. Take A Look |
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– Escondido – Foreclosure! 5BR/3BA house on large corner lot, 2-car garage, newer paint. $427,900 Take A Look |
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– Escondido – Foreclosure! Cute 2BR house on full 6200 sqft lot w/ big eat-in kitchen and oversize backyard. $343,900. Check It Out |
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– Fallbrook – Foreclosure! Amazing 2-year-new 3704sqft view estate on 5.28 acres! 6-car garage! $1.195M See For Yourself |
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- La Jolla – Foreclosure! Stunning 3BR home 1.5 blocks to the beach. Private ocean view deck. Bargain at $1,094,900! Check It Out |
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- La Jolla – Foreclosure! Spectacular 2yr-new never-lived-in 5541sqft 6BR custom mansion w/ sweeping views. Now $2,598,900! Beautiful Pictures |
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- Lakeside – Foreclosure! Cheap, cheap, cheap 1BR condo in nice complex. Just $126,250! See For Yourself |
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– Linda Vista – Foreclosure! 1646sqft 3BR house. Remod kitchen: granite, cherry cabinets. $454,900! More Info |
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- Logan Heights – Foreclosure! 2800sqft HEAVY fixer-upper house w/ garage, curb appeal, big lot. Slashed 160k $349,888 View Pictures and Features |
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- Mira Mesa – Foreclosure! 4BR/2.5BA 1804sqft house w/ spa. Reduced to $529,900. Find Others Like It |
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– Mira Mesa – Handsome “Mesa Ridge” house w/ red tile roof. Scripps Ranch High School district. 445-475K More Info |
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- National City –
Foreclosure! Vintage Victorian home
built 1864! 4BR/3BA, 1852sqft. Just $418,900!
Contact Me |
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- Nestor – Foreclosure! 3BR/2BA house: family room, dbl garage, tile throughout. Reduced to $434,900. Find Others Like It |
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- Nestor – Foreclosure! 3BR/2BA, 1224 sqft condo w/ large patio, near pool & playground. Reduced: 295K! Free MLS Search |
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- North Park – Foreclosure! Charming 2BR Spanish house, hardwood floors, garage. Reduced to $417,500. This Could Be Your Home |
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Sold - Oceanside – Foreclosure! 2BR/1.5BA 1280 sqft condo w/ garage (rare @ this price!). Reduced to $219,900 Search MLS For Free |
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- Oceanside – Foreclosure! Immaculate 3-yr-new 3BR/2BA + xtra room, 2069sqft house on culdesac. Reduced: $507,900 Property Info |
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Reduced - Oceanside – Sunny & bright 4BR/2.5BA home w/ sweeping views & large bkyd. Reduced AGAIN: $489,900 This Could Be Your Home |
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- Oceanside – Foreclosure! 3BR/2.5BA “Emerald Point” detached home on culdesac w/ 2-car garage. Now $419,900! Check It Out |
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- Pacific Beach – Dramatic rebuild by owner/designer. Offers turret entry, ocean views, hardwood flrs, more. 1.25-1.35M! More Information |
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– Paradise Hills – Foreclosure! 3BR house w/ spectacular bay & city views, bonus room, 2-car garage. $428,000 Take A Look |
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– Paradise Hills – Foreclosure! 3BR/2.5BA townhome w/ nice patio. Priced under market @ $269,900! Free MLS Search |
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Sold - Paradise Hills – Foreclosure! 3BR/2BA 1183sqft condo w/ large covered patio. Price Cut: $296,900! Find Others Like It |
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- Paradise Hills – Foreclosure! Sharp 3BR/2BA 1373sqft condo w/ 2-car garage. Just $359,900. See For Yourself |
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- Ramona – Foreclosure! Spacious 3077sqft home on a full acre! Vintage home, built 1938. 2-car garage. $509,900! See For Yourself |
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- Rancho Bernardo – Smart 2BR/2.5BA, 1458sqft townhome w/ garage, central a/c, golf course view! 345-405K Contact Me |
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– Rancho Bernardo – Foreclosure! Newer beautiful 3BR/2BA manufactured home. Live in RB for $374,900! Contact Me |
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Sold - Rancho Penasquitos – Foreclosure! 4BR/2.5BA house on corner lot in desirable
neighborhood. Reduced to 550K Find Others Like It |
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– Rancho Penasquitos –
Foreclosure! 4BR/2.5BA
home w/ family room, 2-car garage, quiet culdesac. $563,000 Find Others Like It |
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- Scripps Ranch – Foreclosure! Stunning newer 4BR 2536sf home on quiet street, many upgrades. Reduced: $783,900! Find Other Homes |
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– Spring Valley – Foreclosure! 2BR, 1088 sqft townhome. Large kitchen & only 1 common wall! $224,900 Property Features |
| Too New For Photo |
– Spring Valley – Foreclosure! Enjoy spectacular mtn & nitelite views! 3BR/2BA home on quiet culdesac. $419,900 Contact Me |
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- Spring Valley – Foreclosure! Sunny 2BR top-floor end-unit condo, big deck, laundry in unit, spacious livg room. $249,900! See For Yourself |
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Sold – Spring Valley – Foreclosure! Handsome 3BR/2BA, 1466sqft house on large 8276sqft corner lot. Bargain @ $383,900 Search The MLS |
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– Tierrasanta – Foreclosure! Beautiful 3-story townhome w/ large 2-car garage. 5 minutes to 52 & 15 freeways. Now $379,900! More Information |
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– University City – Foreclosure! Sharp 2BR/2BA condo in gated security “Lucera” complex w/ garage, granite. $365,900 Contact Me |
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Reduced – University City – Foreclosure! Sharp 2BR/2BA condo in gated security “Lucera” complex w/ garage, granite. $354,900 See For Yourself |
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- Vista – Foreclosure! Half-acre lot! And you’ll love the upgraded 3BR/2BA, 1711sqft home w/ 2-car garage. $469,900 More Info |
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– Vista – Foreclosure! 3 cute 1BR units, well-located in downtown Vista near shopping, etc. Just $509,900. View Pictures and Features |
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- Vista – Foreclosure! 4BR culdesac home w/ gleaming hardwood flrs + oversize backyard. Drastically reduced to$444,400 Check It Out |
Call me at (858)457-KENT to find out more or for a private showing. To find other homes, go to Free MLS Homesearch.
Clicked on a property, but there’s no info? It may be sold. Call me to double-check or discover other similar properties we have for you.
Referring a friend or someone you care about is the highest compliment you can give me. Thank you for all of your generous referrals!
Have a great week...
"The Agent You See EVERYWHERE"
All-Time #1 Agent/Team In San Diego County for RE/MAX
Gary Kent Team --- RE/MAX Associates
(858)457-KENT --- (858)457-5368
GaryK@GaryKent.com -- http://www.garykent.com/
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