Are we Obligated to Disclose here in California?

Are we Obligated to Disclose here in California?

Okay, so I was reading an article about this poor woman who moved her girls to the state of Pennsylvania from California after her husband passed away.  She was looking for a fresh start in a new place and make some new memories.

She purchased a home for a little over $600,000 and expected everything to be okay.  But when talking with a neighbor, she discovered that the year before they moved in there was a bloody massacre in which a husband killed his wife and then himself.  Of course she was shocked and surprised.  And naturally she is suing because of the lack of disclosure.  Pennsylvania law actually doesn't call for disclosure of this nature.

Now, let me put your mind at ease.  When you purchase a California home, disclosures are obligated by law.  We have to disclosure if anyone died in the property for the past three years and most people disclose everything they have knowledge about.

Are you obligated to disclosure in your state?

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.
Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com

La Verne State of the City Luncheon 2013

La Verne State of the City Luncheon 2013

The 2013 La Verne State of the City Luncheon will be hosted on January 31 by theLa Verne Chamber of Commerce and the La Verne Rotary Club.  It will be held at the Meeting House at Hillcrest Manor in La Verne, CA.  

This year's address wil be by La Verne Mayor, Don Kendrick. It will include La Verne's past successes as well as touch on future plans for programs and services in the city.

The luncheon will be a Tuscan buffet.  Registration will begin at 11:30 AM with the luncheon beginning at 11:45AM and the program at 12:30PM.  This event is public.  La Verne residents interested in information about their city must make reservations.  If you wish to attend you can get tickets by calling Hillcrest Manor at (909) 593-4917 ext 0 no later than this Friday, January 25.

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.

Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com

Bank of America's New Guidelines for Short Sales

Bank of America's New Guidelines for Short Sales

I see so very many posts right now about short sale information.  At the beginning of this year, I saw a slow down on approvals from everyone on short sales.  So my prediction and opinion I was relating to my clients was that the banks are going to slow down on approvals and move to the foreclosure option.

My opinion was based on the fact that when this whole mess began and Obama 'bailed out' the banks, he gave them a deadline for getting rid of bad debt (homes behind in their mortgage payments).  The deaadline was December 31, 2013.  Since short sales take quite a bit of time and many have a few false starts which also delays the process, it only made sense that the banks would have to start foreclosing instead of dealing with the short sale process.

And now, Bank of America has been the first to start this practice.  You can see from the guidelines below that this is what they intend.

I also predict that home values have gone up due to a sharp decline in foreclosures and short sales when the banks stopped for the holidays.  Since the prices have gone up, many sellers have taken advantage and are now starting to list their homes for sale. With the rise in homeowners selling and the rise in foreclosures, one can see that with supply and demand being what they are, the prices should drop slightly during the year.

Hopefully you can see, that this year, NOW is the perfect time to buy.  Before the interest rates start to rise, before the prices get all out of hand again. 

And if you are thinking of moving, definitely pick a local expert and someone you can trust.  I will be more than happy to answer your questions or help you with your real estate needs.

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.

Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Up Close and Personal - Digging Deep in January 2013 Or, What a CRAZY Year 2013 Was For Me!

Up Close and Personal - Digging Deep in January 2013

Or, What a CRAZY Year 2013 Was For Me!

Okay, so most of you who read my blog know that the craziness started in May of 2012 when I had an impacted wisdom tooth.  I was down for the count for about a month, when low and behold, I broke my heel.  Ya, if you've ever tried to think while taking Oxycodone, you know I was down for quite a few weeks.  Thank God I didn't have to have surgery!  So here I was thinking maybe this is God's was of telling to to slow down or stop and smell the roses...    

 

I was just getting back into the swing of things when, low and behold, our house sold and we had to get ready to move.  Moving is stressful at any time, but this was a short sale which was very disconcerting for my husband. And during this time, BofA starting selling books of loans and short sales were being canceled.  Now, again, if you have read my blog, you know that my husband has to have a security clearance for his job and a foreclosure could be disastrous.  So, once again thanking God, we made it through the crazy process and it was time to move.

The move was originally supposed to take place at the end of September but was moved to the middle of October as things progressed.  That was fine except that my mother was supposed to have knee replacement surgery the first week of October.  "That's okay, I can handle it", I thought.  I can get her taken care of and then complete the move afterwards.

HA!  Funny!  I love my mother so very much, as most of you know.  And I am the only child, so her care falls on me and my children.  So immediately after the surgery, things started to go wrong.  She had a TIA (mini-stroke) 2 days after surgery, which left her a bit dazed and confused.  And they were having trouble with things such as her salt and potassium levels.  This meant another couple of days in the hospital to get things stabilized.  Finally, after surgery on Monday, she was transferred to rehab on Friday evening.

The rehab that had a bed for her was a really good one that I had heard of and I just knew they would take good care of her there.  This was also the same weekend that we had the UHAUL truck and were doing the biggest portion of our move.  So on Saturday, I went to visit her around 10:30 in the morning on one leg of my trip from one home to the other.

At that time, she told me that earlier she had had pains and trouble breathing.  She said she was better, that they had come in and moved her body position around and she just had a little bit of chest pain.  So I left as she was better.  Around 3PM, I spoke with her and she said she was still hurting but guessed it was due to the positioning of her body still.  About 6:30PM, my aunt had talked to her and she was crying because her chest hurt so bad and they rehab "wouldn't help" her.  She was very distressed.  She then called me crying.  She said they told her she was just upset because of the move and wouldn't help her.  I told her to hang up and tell them to call 911 right away.

Like 20 minutes later, a man called my cell from the rehab asking my "permission" to take her to the hospital... REALLY???? Like they need my permission!  He acted like I was crazy for giving it, as if she needed it!  She has a mind as sharp as a tack!

I can't believe they wasted so much time and let her lay there and have a heart attack!  Crazy!  Needless to say, she was in the hospital for a couple of weeks and then went to a friend's house to recuperate.

It was like five weeks of craziness, what with the move and all.  And real estate?  HA, that's a good one! But in the end, God is amazing and protected her from a situation that could have been much worse.  And I made it through and even got my house in order to have my husband's company Christmas party and our family Christmas Day!

Happy New Year to all, and now, I'm back in the real estate saddle once again!

(Momma, Christmas 2012)

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana.

Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com