MALIBU REAL ESTATE PARTNERS

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November 30, 2011 - October pending home sales surge

The National Association of Realtor's pending home sales  index rose from from 84.5% to 93.3%, which is based on signed real estate contracts for existing single-family homes and condos. This index is based upon a national sample, which usually represents 20% of the transactions for existing home sales. They remain above last years levels. An index of one hundred is equal to the average level of contract activity in 2001. Lawrence Yun, the National Association of Realtors chief economist stated that there is a pent-up demand for home buyers who normally would have entered the market in recent years  and interest rates are staying at record lows.

November 28, 2011 - For Sale - Approved Short Sale - Citrus Grove - 3B/3B - $249,000

For Sale - APPROVED SHORT SALE

28237 Clementine Dr., Santa Clarita, CA 91350

APPROVED SHORT SALE! This is a must see Citrus Grove home. Custom painted rooms. Wood flooring. Kitchen with custom cabinets and tile flooring. Wood blinds and custom window valances. Community pool, spa & play area.

November 27, 2011 - This Weekend's Malibu & Topanga Open House List - Sunday, 11/27 from 1-4p

It's that time of week again. Sunday open houses. If you're in Malibu or Topanga tomorrow, stop by one of the many open houses that are being held open from 1-4p. There are beach homes, condos, townhomes, bluff estates and much more to see.

Click here to view the complete Malibu & Topanga Open House List for Sunday, 11/27 from 1-4p.

Click here to see what else is on the market in Malibu for sale.

  "Like Us" on Facebook and tell us what you are looking for. We have properties not on the market that may be a fit for you.

November 25, 2011 - For Sale - Not in the MLS - Broad Beach Rd, Malibu - Beach Rights - 5B/6B

For SALE - Not in the MLS

31636 Broad Beach Rd., Malibu, CA 90265

PROPERTY WEBSITE

Enjoy the ultimate in beach living with this private, gated Tuscan estate located on Broad Beach Road with spectacular ocean views and stairs to the beach. Recent high- end renovations throughout, with state-of-art electronics and top-of-the-line appliances. The many features include a separate one-bedroom guest house, high-beamed ceilings, distressed wood floors, beautiful railings, custom cabinetry and lighting fixtures. Ample parking and room for nearly 100 guests, this makes for a perfect entertainer’s home. 5B/6B 

NOT IN THE MLS.

Available for Lease. 

Inquire on Sales Price & Lease Price.

 

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According to an industry trade group, home foreclosure filings rose in the 3rd quarter, as recent declines in the rate of new foreclosures came to an end. The Mortgage Bankers Association reported that foreclosures started for 1.08% of outstanding home loans, up from 0.96% in the second quarter.

Even though the rate of homeowners who are delinquent in their mortgages dropped, the jump in foreclosures still came. Those only 30 days late making payments improved to 3.19%, the lowest level since the second quarter of 2007. And those 60 and 90 days or more late in making payments also declined, bringing the percentage of delinquent loans not in foreclosure to under 8%.

But the Mortgage Bankers Association said increased foreclosure filings by several big lenders led to the upturn in homes in foreclosure. Experts have speculated that this upturn could be partly due to these lenders working on their loan documentation that stopped some foreclosures. 

An executive at Realty Trac, a company who also tracks foreclosure activity, stated that the foreclosure increases are related to the lenders work towards correcting paperwork and processing problems.

November 23,2011 -  Vacation | Short-Term Furnished Rentals in Malibu - Pacific Palisades - Santa Monica

	Carbon Beach Hideaway Malibu • 1B/1B (Sleeps 4) • Walk to Malibu Pier & Restaurants • Hardwood Floors Throughout • $450/Night (2 Night Minimum) Property Website
	Zen-Like Townhome - North of Wilshire Santa Monica • 1B/1B • 2 Fireplaces • Tranquil Environment • $3,000/mth (Weekly Rates Available) •  Property Website
	Charming California Bungalow Pacific Palisades • 2B/2B • Covered Patio • Walk to the Palisades Village • $4,000/mth (Weekly Rates Available • Property Website
	Architectural Townhome w/Rooftop Deck Santa Monica  • 2B/3B + Loft • Tri-Level w/Soaring Ceilings • $4,500/mth (Weekly Rates Available) • Property Website
	Central Malibu  - Carbon Beach Access Malibu • 1B/1B (Sleeps 4) • Ocean View Balcony • Walk to the beach, restaurants & more... • $200/night (Weekly/Monthly Rates Avail)

November 23.2011 - Want to Live in Malibu? We Have 100's of Available Properties

View Malibu Rentals.

• No Membership Required

• Search our Malibu site for a complete list of Malibu rentals available. Updated daily 

• Daily Email Alerts 

• Oceanfront, landside, vacation, furnished, unfurnished, short-term, long-term options available 

• Inquire about our Relocation Program 

• Concierge Services Available 

• We Schedule Appointments 

• Free Consultation 

View Malibu homes for sale here. 

23901 Civic Center Way, Malibu, CA 90265

2B/2B

$399,000

View additional photos/info on the PROPERTY WEBSITE. 

This Malibu Canyon Village unit is tenant occupied and is income producing. Dont't miss this chance to buy in Malibu, for this incredible price! This recently upgraded unit is located in a guard gated, centrally located community that is within walking distance to the beach, Malibu Legacy Park, Pepperdine University & the Cross Creek shopping centers.  The complex features a pool, tennis court & clubhouse. Dining area looks out onto the private patio area. Travertine floors and newer carpet. Recessed lighting throughout. Customized closets. Covered parking. Great rental property.

Click here to view other Malibu Condos currently for sale. 

"Like us" on Facebook and be the first to hear of other Malibu condos that are not on the market or are coming soon!

November 19, 2011 - Are you looking to rent a home in Malibu? We have 100's of properties for you to choose from. 

Looking to live in Malibu? To see what is available now, click here: 

- Beachfront
- Landside
- Estates
- Apartments
- Condos
- Singel Family Homes

We have it all...

- Short-term

- Furnished

- Unfurnished

- Corporate 

- Vacation

Let us help you!

Contact us today or stop by our sales & leasing office at 22967 PCH (right across from the Malibu Pier) and let us help you find your next Malibu home.

4 Maibu Real Estate Partners also has Malibu homes for sale that are not currently on the market. Contact us today and let us know what you are looking for. We may just have the right the place!

 Click here to go the the Malibu Open Houses list. 

November 15, 2011 - The Property TAx Reassessment Deadline is Nov. 30th, 2011. Have you filed yet?

If you have bought property in California between the years of 2003 - 2010, have you ever thought about looking into reducing your property taxes? You could save hundreds of thousands of dollars a year by getting your property taxes reduced. In this time of economic uncertainty, it is more important than ever to save money. 

Property Tax Back specializes in property tax reduction by offering re-assessment services for owners of all type of real estate, whether it’s a house, an apartment building, a commercial building or land.  The team has the market knowledge, outstanding reputation, and invaluable relationships to build the strongest case to get your property taxes reduced to their maximum extent.

They are a performance based company which means there is no cost to you. They only get paid if we get you a refund. You have nothing to lose!

Property Tax Back has filed over 10,000 successful property tax reductions in the past 15 years throughout the state of California.

The deadline for this year is November 30th, 2011. For more info go to http://horizonrealtyla.com/property-tax-back/

November 14, 2011 - Want to live at the beach? This Big Rock Beach duplex offers a unique situation. Live in one unit and rent out the other. 

Awesome ocean front duplex on 60' of Big Rock Beach. Both units have been extensively remodeled and are in move-in condition. The upper unit is 2 bedrooms and 2.5 baths with all major rooms on the water that open to a huge beach front terrace. Open kitchen to living room with stacked stone fireplace. The lower unit is a 2 bed 2 bath with all major rooms on the water. Big Master suite and sitting area. Large ocean front terrace. Open kitchen to living room with fireplace. Both units with separate private entrances and both have private retractable stairs to beach. 6 car uncovered on site parking. City of Malibu septic operating permit just obtained. Priced to sell quickly. Listed with Pritchett-Rapf - Jeff Chertow.

20152 PCH, Malibu, CA 90265

4B/4.5B

$2,695,000

Property Website

November 14, 2011 - When was the last time you could buy in Malibu for under $400k??!! Malibu is on Sale!!

Malibu is on sale!!!

Talk about a great investment property. This is a 2B/2B condo, located in Malibu Canyon Village, which is right in the heart of Malibu and just adjacent to Pepperdine University. This complex is highly desired by students at Pepperdine, who want to be close to campus, but want to live OFF campus. The complex features a pool, tennis court and clubhouse. You are minutes to the beach either by bike or walking. Restaurants and shops are just a hop, skip and a jump away as well. 

This unit is currently being rented out to Pepperdine students who are paying $2600/mth. Buy now as an investment property and start earning equity now. 

View additional info and photos of this unit here.

Offered at $399,000. Don't miss this opportunity! 

Click here to view other Malibu condos for sale that are currently on the market. 

Like us on Facebook and be one of the first to see other off-market, great deals. Click here.

November 13, 2011 - Short Sale - Alternatives to Foreclosure

Did you know that bank foreclosure is at a 30 year high?
There are various reasons for such high levels of bank foreclosure such as: unemployment, an erratic stock market, and the fact that the cost of home ownership had increased. YOU HAVE OPTIONS! One very important thing to remember: Time is of the essence.

Many homeowners are not aware of all the options that are available to them to help save their home. If you do nothing, then you will get exactly that in return. Here are some quick tips to help you save your home or save your credit score from further “dings”:

Payoff / Refinance - This option may allow you to use the equity that you have established in your home to pay the delinquent amount. Depending on the interest rate of your new loan, your monthly payments might be reduced.

Reinstatement – Paying the entire default amount plus interest, attorney fees, late fees, taxes, missed payments and fees.

Loan Modification - This option may allow you to refinance the debt and / or extend the term of your existing mortgage loan.

Forbearance Plan - This option may provide for a temporary reduction or suspension of payments that will be increased at a later point to repay the delinquent amount over a specified period of time.

Partial Claim – A loan from the lender for a 2nd loan to include back payments, costs and fees.

Deed in Lieu of Foreclosure – This option may allow you to voluntarily "give back" the property to your Lender without further damaging your credit.

Bankruptcy – This option can liquidate debt and/or allow more time. I can refer you to a qualified bankruptcy attorney.
•Chapter 7 (Liquidation) To completely settle personal debt.
•Chapter 13 (Wage Earner Plan) Payments are made toward a plan to pay off debts in 3-5 years.
•Chapter 11 (Business Reorganization) A business debt solution.

Sell The Home: If there is sufficient equity in the property, you may be able to receive more for your property than what is due on the mortgage loan.

I am your guy! Since the real estate market has fluctuated the way it has, I have competitively educated myself in helping homeowners either save their home or sell it to save their credit ratings. If you choose to sell your home, I am among the top brokers in the Malibu area to market your home to both traditional buyers and investors. The goal is to sell your home at the highest and best offer in the shortest time frame possible. I have worked loan after loan in a way that I know what banks work best with what buyers, how to utilize the internet to benefit YOU, how to increase interest in your home, and close the deal in a timely, stress - free manner.

 View Malibu Short Sales.

There are four parts to the program - mortgage aid for homeowners with documented financial hardship, mortgage help for the unemployed, relocation help for those in the midst of a short sale or deed-in-lieu of foreclosure, and reduction of principal. Homeowners who completed cash-out mortgage refinancing now are allowed to take part in the four programs outlined above, and borrowers who own more than one property also can apply for the program.  Previously, these two groups of borrowers were excluded from participation. Mortgage aid to unemployed borrowers also has been extended to nine months, instead of six. Such homeowners can receive up to $3,000 a month.  To qualify, borrowers must be receiving unemployment benefits.  Additionally, the program has reinstated up to $20,000 in past-due mortgage payments instead of the previous $15,000 cap.

Click here to view a full list and photos. 

The homeownership rate of 65.9 percent was 1 percentage point lower than the second quarter 2010 rate (66.9 percent) and 0.5 percentage points lower than the rate in the previous quarter (66.4 percent).

Approximately 85.7 percent of the housing units nationwide were occupied and 14.3 percent were vacant in the second quarter 2011. While renter-occupied units made up 29.2 percent of the inventory in the second quarter of 2011, owner-occupied housing units made up 56.5 percent of total housing units. 3.5 percent were for seasonal use and vacant year-round units comprised 10.8 percent of total housing units. 

We hve been informed that the C.A.R. and NAR will continue to work with the members of the conference committee, fighting to include the loan limits provision in the final legislation that will be sent to the President.

November 8, 2011 - Important changes to the Home Affordable Refinance Program (HARP)

The Senate passed an amendment to an appropriation bill that would restore the $729,750 loan limits through December 2013.  The Senate and House are now working out the differences between the Senate bill and the House bill, which the House passed earlier this year, but it did not reinstate the higher loan limits.  If the House and Senate agree on a final bill, we will have a two-year extension to the conforming loan limits.  C.A.R. is also working with the California Congressional Delegation to ensure this provision is included in the final bill.

C.A.R. and NAR are now working to get support for the extension in the House, but we need your help also. Please look for a Call for Action email from NAR asking you to call Sen. Dianne Feinstein and possibly other members of Congress.  Please act now and urge your representative to extend the higher loan limits for GSEs and FHA.  Well-qualified buyers don't need another hurdle to access affordable mortgage financing.

Big changes on the way to help millions of distressed borrowers.  Late October, the Federal Housing Finance Agency (FHFA) announced important changes to the Home Affordable Refinance Program (HARP) to help millions of underwater borrowers whose mortgages are backed by Fannie Mae and Freddie Mac.  The changes will allow borrowers who are current on their mortgage payments to save an average of $2,500 a year by refinancing their mortgages, regardless of what their homes are worth.  The revamped HARP Program will also streamline the refinancing process, eliminating certain types of appraisals and underwriting requirements, and reducing or eliminating fees that prevented homeowners from refinancing in the past.

The FHFA is working on details of the new rules, which should be finalized by Nov. 15.  Banks may be able to start issuing refinanced loans by Dec. 1.  

November 7, 2011 - Rising foreclosure rates to impact home prices

Rising foreclosure start rates will add to the distressed property inventory and drive home prices further down, according to a report from Fitch Ratings, reflecting the impact of last year's robo-signing scandal.

More than 10% of severely delinquent loans in private-label residential mortgage-backed securities are now moving into foreclosure each month, the ratings agency said. That's nearly double the rate from a year ago when the moratoria instituted by lenders and servicers in the wake of the robo-signing debacle were in place. It's also edging closer to the 14% rate seen between 2000 and 2010.

Fitch said home prices will likely dip another 10% before they stabilize, due to an increasing inventory of distressed homes. Home prices dropped 1.1% in September from August and 4.1% from a year ago, according to a CoreLogic report Monday.

Foreclosures are taking an average of eight months to close in nonjudicial states and 15 months in judicial states, bogged down by loss mitigation, a foreclosure backlog and weak housing demand.

The foreclosure rate nearly doubled on borrowers delinquent for more than six months, while the rate increased about 25% on borrowers who have missed between three and six payments.