Home BuyersAre you a home buyer looking to purchase now or the near future? Get important home buying information relevant to today's market. Call today! |
Home SellersFor the home sellers thinking about selling their property, get important information that will allow you to make an informed decision. Call for a consultation today! |
RelocationLet BauHaus Properties help you with your relocation needs. Call us! |
Short SalesIf you are underwater, upside down or behind on your mortgage payments, get information on short sales and other programs for distressed home owners. Interested in buying a short sale property? Call today! |
Changes to Underwater Refinance Plan Going Into Effect
See If You Can Benefit from HARP 2.0
On October 24, 2011, President Obama announced plans to open up refinancing to more homeowners who are underwater. This proposal was a revision to the previous Home Affordable Refinance Program (HARP) and is now known as HARP 2.0.
Some of the major changes under HARP 2.0 include:
No underwater limits: Previously, borrowers whose loan-to-value limits were greater than 125 percent were ineligible to refinance. Now, borrowers can refinance no matter how far their homes have fallen in value.
Appraisals may be eliminated and underwriting relaxed for most borrowers: Being able to use this program may save time and money, and remove some of the anxiety from the refinancing process.
Deadline extended: Borrowers now have until December 31, 2013 to get refinanced under HARP 2.0.
These changes will be put into effect by Fannie Mae and Freddie Mac the week of March 19, 2012.
Give me a call or send me an email if you want to learn more about these changes. I'm always happy to answer any questions you may have!
A Realtor You Can Trust
When you are buying or selling property in today’s South Orange County real estate market, whether it’s a traditional sale, a foreclosure, a short sale, a 1031 Exchange, or a real estate investment, it’s important to have confidence in your real estate professional.
I am Nancy Bau, and my commitment as your local Orange County, California REALTOR is to provide you with the specialized real estate service you deserve. As a local Orange County, California area specialist, with my team's 25 years of collective real estate experience selling Orange County Homes and expert knowledge of South Orange County communities, my objective is to work diligently to assist you in meeting your real estate goals: whether it’s property investing, buying a home, selling your home or just learning about homes in Orange County.
I strongly believe that an informed home buyer or home seller will make better decisions on your most important asset, your home. That’s why my goal is to educate and inform you about current trends in the South Orange County, California Real Estate marketplace using the latest statistics in your local area whether it’s in Aliso Viejo, Ladera Ranch, Lake Forest, Lake Mission Viejo, Mission Viejo or Rancho Santa Margarita.
Visit our testimonials page to see what Nancy's customers have to say about her performance.
Why Now Is The Time To Buy Your Home
- With the flood of foreclosures on the market and changing FHA focus to lower cost housing, now is the time to make your home purchase in Orange County. Banks and other lending institutions are streamlining the Short sale process to make it easier for home owners to avoid foreclosure. As a result, the market is full of great opportunities to buy your first home or purchase an investment property.
On Oct 1st, 2011 FHA maximum loan size will be reduced from $729,750 to $625,500. FHA will be exploring further reductions nationwide to focus their lending activities on low to middle income housing. If the maximum loan size returns to its previous $417,000 ceiling, this will make many homes in the South Orange County home market unaffordable. Down payments are expected to rise in the future, further making it harder to purchase in the higher cost areas of the country such as Orange County, CA.
- Interest rates are at a 60 year low and are not likely to remain at this low level for long as the rates will likely increase in the coming year.
- Now is the time to call Nancy Bau to find your home in Orange County, CA
Did you Know?
In the state of California, you are considered a first time buyer again 3 years after you have lost a property to foreclosure or bankruptcy due to job loss or other hardships resulting from the current state of our economy.
Short Sales, Foreclosures, Relocation Specialist
Are you behind due to a hardship? We can help with information on Federal programs, Home Modification Resources, Foreclosure information and Short Sale procedures. New job taking you out of the area? Let us handle the sale and or lease of your property here. From overseeing repairs and or upgrades, to inspection and maintenance, you can move knowing we are here to take care of all the details.
If your home loan is “underwater”, you are behind on your mortgage or you must relocate, I can help you with your best options. I am a certified short sale specialist and can help you avoid foreclosure.
Investment Homes
With property values currently low, Orange County Foreclosures and Short Sales are making real estate investment a great opportunity now and for the future. Contact me for more information about foreclosure properties and short sales opportunities.
Call Me Today!
If you are considering buying or selling a home or would just like to have additional information about real estate in Orange County, California, please don’t hesitate to call 949 597-1442 or e-mail me at Nancy@BauHausProperties.com.