Property Investments in Paradise CA

Real Estate for Today’s Paradise California Investment Sellers and Investment Buyers

Are you looking for alternative investment options to the stock market? Many experienced investors are turning to the real estate market to generate current cash flow, short term capital gains, and the generation of long term wealth.

Real estate is an important component in any investor's overall investment portfolio. In fact, real estate is often included within many investors' mutual funds or real estate investment trusts, because of its ability to react in a different fashion to market conditions than traditional investments often do.

Now is one of the best buying opportunities for Paradise real estate investors seeking to purchase physical properties as investments, as the prices have dropped significantly over the past few years.

With reduced prices, investors have the opportunity to buy into this lucrative market at a low point. And, since the golden rule of investing is to buy low and sell high, the Paradise buying opportunity is ripe!

Whether you are a real estate investor looking to flip properties for a profit, or an individual searching for their first piece of real estate, declining property values present an ideal buying situation.

I have the expertise required as a real estate investor’s agent to help you locate your ideal investment property. Whether you are looking for properties to flip, rent or hold for a medium to long-term gain, I can assist you in locating, negotiating and closing on your piece of investment real estate.

For more information, you can visit my Web site or feel free to give me a call.

Sincerely,

Tammy Vertrees, Paradise California Realtor

530-413-8383 Direct

www.TammyVertrees.com

Technorati Tags: Real Estate Investor Real Estate Investment Home Investment Real Estate Flipper

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Tips for selling your Paradise home in spring

Selling your Paradise, CA Home in the Spring Time

Hot Paradise Home Decorating Tips Let's face it. There are two kinds of people in the world-those who have a knack for being creative and those who are seriously lacking in decorating skills. The good news is that it doesn't matter which category you are in because there's always something new to be learned. If you want to know how to add some new life to your home without spending a fortune, here is how to get started. Spruce Up Your Walls If you need a quick and affordable way to decorate your otherwise bare walls, consider adding a square of your favorite gift wrap to a standard photo frame and hanging it on the wall. Not only will this look great, but it will also save you a bundle of money when compared to the cost of traditional artwork. Lighten Up If you are tired of looking at a plain lampshade, consider adding some pizzazz by purchasing tassel fabric at your local craft store and affixing it to the trim. This will create a designer look and, best of all, won't cost you a fortune. A Little Paint Can Go Along Way If you have an old drawer set that's simply gone out of style, add a fresh coat of paint and some new hardware. This will work brilliantly whether you are changing the decor or just need a more updated look. Have A Seat If the cushions on your chairs are looking worn or simply need some new life, you can make a big difference with some new fabric. You can change the look of any chair by purchasing fabric and attaching it to the underside of the cushion. This is an easy and affordable way to get the look of a brand new chair at a bargain. Wow Your Walls If you're looking for a conversation starter, consider purchasing plain white quilt squares and sending them to your favorite celebrities for an autograph. Be sure to send a SASE (self-addressed stamped envelope) with your request so that they can return the item to you. With each autographed quilt square that you receive, sew it next to a patterned square. Over time, you will have a wall hanging that's sure to be a colorful treat for both you and your guests. Having a quilt signed by dozens of your favorite celebrities is one way to wow your walls in a big way. Create The Illusion Of A Larger Space Did you know that mirrors can actually give the illusion of a larger room? Even if your house is small, you can open it up with a few strategically placed mirrors. Horizontal designs are some of the best and they can offer a look that turns a small room into an open and airy spot. Now that you know what's hot in decorating, it's time to get busy and start sprucing up your space. After all, it's often those finishing touches that make a house into a home.

Technorati Tags: Home Decorating

Relay For Life in Paradise California

Technorati Tags: Relay for life,Fight Cancer

	Relay For Life of Paradise Sat 10am - Sun 10am, June 5-6, 2010 at Paradise High School

Click to view the latest information for this event

See you all there!

Before the Paradise CA Short Sale Contract

What To Do Before The Short Sale Contract

Great list for Paradise CA short sales

I have written out some items that will make the Paradise CA short sale process a much easier transaction to get to the closing table, and in a timely manner if you have what the bank is looking for.

Having these updated items is important for the transaction to close and the bank having the necessary information to approve the short sale.

Keep these items updated every month - banks will ask for updated information so it imperative that the seller keep the records up to date.

Important Items you may need to submit with your request for a Short Sale:

1. Hardship Letter
   • Provide a letter detailing the events which have made it difficult for you to make your payments.  MUST BE Signed AND Dated.
   • The letter must include the following:
     • The reason for the Short Sale request.
     • New addresses and phone numbers for all parties to the Note and Deed of Trust, if applicable.
2. Employment / Income Verification
   • Provide a copy of the last 2 paycheck stubs for each party that signed the Note.
   • If self employed, provide an income statement showing the past 2 months of income.
3. Financial Affidavit
   • Financial Evaluation Form (detailing expected monthly expenses vs. Income). Complete and include with your submission.
   • Must be signed and dated.
4. Bank Statements
   • Provide a copy of the last 2 months of Bank Statements.
5. IRS Tax Returns
   • Provide a copy of the last 2 years of IRS Tax Returns.
6. Mortgage Statements( all loans/1^ST & 2^ndloans / HELOCS )
   • Provide a copy of the last monthly mortgage statement(s) regarding the property.
7. Copy of the Listing Agreement
   • Provide a copy of the Listing Agreement, MUST BE SIGNED BY THE BROKER AND OWNER OF THE PROPERTY.
8. Copy of the Sales Contract

You need to Provide a copy of the Sales Contract.  The Contract must be legible and MUST be signed by all parties.

Please be advised that no consideration will be given without an executed sales contract. As per the negotiators of the banks.

Paradise CA Real Estate Talking Points

Real Estate for Today’s Paradise California Home Sellers and Buyers

Talking Points: Homeowners wanting to pay off their mortgage earlier than planned can do so by making extra principal payments.  One extra full principal and interest payment a year will reduce a 30-year loan to about 17 years, and adding the following month’s principal payment to the current one will cut the loan almost in half.  It is important that borrowers tell their lender the extra money is to be credited to principal.  Homeowners should keep records of their payments and review it once a year to be certain the lender has followed directions.   Private mortgage insurance (PMI) generally is required for home buyers whose down payment is less than 20 percent.  PMI may be added to the mortgage payment each month to protect the lender should the borrower default.  By law, PMI generally must be canceled automatically when the loan balance reaches 78 percent of the home’s original value.  However, lenders also may agree to cancel this coverage upon a borrower’s request when the balance declines to 80 percent of the current value, if certain conditions are met. Borrowers who have made their payments on time each month for five years should contact their lender or loan servicer to obtain all the details on cancelling the coverage. Tammy Vertrees, Paradise California Realtor  530-413-8383 Direct 530-872-5428 Office www.TammyVertrees.com

Time to Spring Forward ~

Just a Reminder to Spring Forward this weekend On Sunday, March 14, 2010 at 2 a.m., Daylight Saving Time begins in the United States. Every Spring we move our clocks one hour ahead and "lose" an hour during the night and each Fall we move our clocks back one hour and "gain" an extra hour. But Daylight Saving Time (and not Daylight Savings Time with an "s") wasn't just created to confuse our schedules. The phrase "Spring forward, Fall back" helps people remember how Daylight Saving Time affects their clocks. At 2 a.m. on the second Sunday in March, we set our clocks forward one hour ahead of Standard Time ("Spring forward"). We "Fall back" at 2 a.m. on the first Sunday in November by setting our clock back one hour and thus returning to Standard Time. Have a great day! Tammy Vertrees

Paradise CA Short Sales Aren’t Difficult

Paradise CA Short Sales Aren’t Difficult - 5 Ways To Make Sure You Get Your Short Sale Approved

It seems that everyone knows someone who is facing losing their home to foreclosure. It can also be said that if you know somebody in foreclosure, the chances are someone has told them that a short sale is the strategy to unlock the foreclosure prison.

While short sales can save many homes from a foreclosure auction, it is a very complicated process and one that should not be taken lightly by the person who is not educated about short sales.

If you are a homeowner who is facing foreclosure, a short sale might be for you. However you will need to be open, honest, diligent, cooperative and understand that the 5 tips listed below are crucial to your short sale being successful:

1. While you may be able in some occasions to convince a bank to work with you, the prudent homeowner knows that they are not an expert and should let the expert in the market handle the short sale. Whether an experienced real estate agent, title processor or attorney, make sure the person facilitating your short sale really is knowledgeable in regards to the short sale process.

2. Make sure you stay actively involved and you cooperate fully with the timely submission of forms and other paperwork as may be required by the lender. This includes that you, not your agent or advisor, but YOU write a concise and informative Hardship Letter. Having someone else write your hardship letter may be the reason that your short sale package will be turned down.

3. Make sure you know what is expected of you. The bank is going to want a comprehensive short sale package and that more than likely includes a full financial forensic picture complete with bank accounts, tax returns and more. Your omission to give the bank this information may get your short sale request rejected.

4. The bank made a loan to you and they have the right to collect. You have the responsibility to disclose your assets and to liquidate them to reduce what you owe them. You can’t expect to take less while you are cruising around town in your new BMW. That’s just not right. You must be ready to demonstrate a reason you are unable to pay them back.

5. Make sure you don’t procrastinate until it’s too late before you request a short sale. Most homeowners don’t do anything or simply wait too long to act. No real estate agent or attorney is a magician. They need time to make the short sale work. If you want to save yourself from enduring a foreclosure on your home then you must act in a timely fashion.

Short sales can take as long as 6 months to get accepted. These are just 5 simple strategies you can implement to give your short sale request the best chance for approval. This is not an easy process for lender or homeowner and your ongoing cooperation can mean the difference between a successful short sale or your home being sold at the Courthouse steps.

I can help you short sale your home.  Let’s talk 530-413-8383

How to Stop Your Paradise CA Foreclosure

How to Avoid a Paradise CA Foreclosure   Contact the Lender Absolutely the first step to avoid a Paradise CA foreclosure is to contact the lender and let them know your situation. In many cases, they can work with you to temporarily modify payment terms until your situation is resolved.   Never, ever ignore late notices, letters or calls from your lender. They would much prefer to work together with you to resolve the situation, but will not hesitate to begin foreclosure proceedings if it appears that you are unwilling to work with them to avoid your Paradise  foreclosure. Redo Your Mortgage If you're still current on your payments, or not too far behind, refinancing may be a viable option for you. Refinancing your Paradise home will pay off your current mortgage and in many cases lower your monthly payment at the same time. It can be the most straightforward method to avoid foreclosure. Sell Your House This may be the toughest route to stopping foreclosure, particularly if you still need somewhere to live, but it may be the only way to stay out of trouble and prevent a black mark from appearing on your credit record. If you need to sell fast, there are home buyers in our area who will allow you to do that. They can close escrow quickly, or on whatever timetable fits your schedule, and possibly allow you to walk away with cash at closing. Protecting Your Credit Ultimately, protecting your credit must be your number one goal. Your credit report will be with you for the rest of your life, and having a foreclosure noted on it will cause problems for many, many years down the road — problems that only time will erase. Take steps now to keep that from happening. It may be difficult in the short-term, but the long-term results far outweigh the alternative.

ABOUT THE TOWN OF PARADISE

The Town of Paradise, incorporated in 1979, is a beautiful community with a population of nearly 27,000 and another 20,000 people living in the adjacent unincorporated area of Magalia. It is located 97 miles North of Sacramento and 12 miles Northeast of Chico and situated in the Western foothills of the Sierra Nevada Mountains. The community forms a sanctuary for wild game since there is no hunting allowed within the perimeter. Paradise offers its residents a rare combination of advantages. With its great natural beauty and charm, it offers excellent home sites, a wide choice of recreational pursuits, cultural activities and facilities for shopping and personal services. Recreational pursuits are plentiful as this beautiful countryside offers activities for the hiker, fisherman, hunter, horseman and golfer. Lake Oroville is within ten minutes of Paradise for water sports, house boating and fishing. Paradise offers a delightful climate which is superior to that of much of the rest of Northern California. We boast four distinct seasons. Our foothill location and prevailing wind direction eliminate smog conditions completely. Its 18 square miles and has an altitude of 1200 to 2400 feet. This altitude keeps it cooler in the Summer and with less Winter fog than is found on the valley floor below. Our Winters offer an occasional light and beautiful snowfall which enhances Paradise's natural beauty. Paradise has a progressive and excellent school system. We are in close proximity to California State University Chico and Butte Community College. Stop by and say "hi" on your next visit! Paradise California

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