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August, 2008
Loan Modifications - A New Cottage Industry
August 29th, 2008 categories: Real Estate Finance
Many people are having trouble making their mortgage payments. Sometimes the difficulty arises when the interest rate on their mortgage increases and sometimes it is for other economic factors.
| Discussion: 1 Comment »
Trains too Loud?
August 21st, 2008 categories: Downtown
A while back, I posted a blog about the Downtown San Diego Quiet Zone Act which outlined it’s time frame. For those of you who want to know more about what’s going on and when, you can read more about it on the San Diego Quiet Zone website.
| Discussion: No Comments »
Sapphire Tower - Better than Bosa?
August 19th, 2008 categories: Buying
Scheduled to be completed at the end of 2008, Sapphire Tower will be Downtown San Diego’s newest luxury condo highrise. Located in Downtown San Diego’s Columbia district, 1262 Kettner Blvd is targeting the high end market, specifically those who want great views and large square footage.
Sapphire Tower is going to be a 32 story building, with only 97 condos, making it a very exclusive building. Other buildings like The Grande, Electra, Park Place and Pinnacle are similar in height, but have twice as many, if not more, condos in their towers.
| Discussion: No Comments »
You’re Too Late
August 14th, 2008 categories: Deals, The Grande
Two days ago, a condo came on the market at The Grande, which was way under priced. Yesterday I spent about an hour and half calling several of my clients, to tell them about the incredible deal Downtown. Last night, I posted a blog about it. Today, it’s in escrow.
| Discussion: 2 Comments »
Incredible Deal at The Grande South - E Plan
August 13th, 2008 categories: Deals, The Grande
This is not a short sale. This is not a foreclosure. This is not an auction. This is not a dream. This is an INCREDIBLE DEAL. The coveted E plan at The Grande at Santa Fe Place is now actually affordable. If you want a deal, this is it.
| Discussion: No Comments »
Thinking about Buying a Home?
August 12th, 2008 categories: Buying
When you’re thinking about buying a home, there are certain things you should and shouldn’t do. Here are a few…
1. Do not quit your job. Unless you’re planning on paying cold hard cash, do not quit your job. Lenders like to see a steady employment history and if you’re self-employed, you should be in the same industry for at least 2 years to make underwriters happy. If you are thinking about making a career change, talk to you lender first.
| Discussion: No Comments »
Short Sale vs Foreclosure
August 11th, 2008 categories: Real Estate Finance
What’s the difference between a short sale and a foreclosure? We’re all hearing about them in the news and I’m sure some of you have, or are currently dealing with one yourselves. As people’s Adjustable Rate Mortgages(ARMs) continue to adjust, more and more people are finding themselves in a difficult situation.
| Discussion: No Comments »
New Housing and Economic Recovery Act
August 7th, 2008 categories: Real Estate Finance
Approved by the House and passed by the Senate, the President signed the new 2008 Housing and Economic Recovery Act on July 30th, 2008. There are a number of items that need to be solidified, but generally speaking, this Act is supposed to help “first time” home buyers, help those who are behind on mortgage payments and ease FHA funding guidelines.
| Discussion: No Comments »
Downtown Quiet Zone Act is Moving Forward
August 6th, 2008 categories: Downtown, Real Estate News
After 8 long years, it looks like the CCDC is finally moving forward with Downtown San Diego’s Quiet Zone Act. Basically, the Quiet Zone Act will reduce the number of intersections where the trains have to blow their horns, by adding new safety measurements. There are 13 or 14 railroad crossings that will be worked on, which will allow San Diego to receive a federal Quiet Zone designation.
| Discussion: No Comments »
Denny Oh
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