San Diego Real Estate Cafe by Krista Lombardi
Top 7 Things To Do In San Diego This Week
Everything in creation has its appointed painter or poet and remains in bondage like the princess in the fairy tale ’til its appropriate liberator comes to set it free. ~Ralph Waldo Emerson
Come see Northparks Art Festival
1. Sunday, May 20- Northpark Festival of The Arts
Come sing, dance and revel in the streets alongside 35,000 people in the historic North Park neighborhood at the 16th Annual North Park Festival of Arts on Sunday, May 20, 2012 from 10:00 AM to 6:00 PM along University Avenue! Read the rest of this entry »
Top 7 Things To Do In North County This Week
Art is the most intense mode of individualism that the world has known. ~Oscar Wilde
1. Sunday, May 20- Watercolor in the Garden
Embrace the day exploring botanical details with watercolor, collage, and ink journaling style. This workshop taught by Helen Shafer Garcia, will focus on combinations of drawing and painting botanical elements with thoughtful descriptive words. Read the rest of this entry »
Top 7 Things To Do in San Diego This Week
My mother was the most beautiful woman I ever saw. All I am I owe to my mother. I attribute all my success in life to the moral, intellectual and physical education I received from her. ~ George Washington
1. Sunday, May 13- Brunch on the Bay
Treat Mom to Brunch at Baleen
Treat mom to a better brunch – not some stuffy ballroom buffet. Make merry with the family matriarch with a San Diego Mother’s Day brunch on the bay featuring an artful a la carte menu by Chef Jessie Lee Williams. Read the rest of this entry »
Top 7 Things To Do In North County This Week
I have always been delighted at the prospect of a new day, a fresh try, one more start, with perhaps a bit of magic waiting somewhere behind the morning. ~J. B. Priestly
Happy Mothers Day!!
1.Sunday, May 13- Mothers Day Brunch
Fleming’s Prime Steakhouse & Wine Bar will be hosting a Mother’s Day Brunch Sunday, May 13 from 11:30 a.m. to 3 p.m. In addition to the three-course brunch being served on this special day, Mom will also receive a complimentary $25 Dining Card to enjoy on a future occasion. Read the rest of this entry »
Want to Lower Your Mortgage? Open Your Mail!
As part of a $25 billion settlement agreement between the government and five major banks for fraudulent foreclosures, Bank of America agreed to $11 billion in mortgage principal reductions. In a recent move likely to increase that sum substantially, BofA has announced that it will offer principal reductions to 200,000 homeowners who qualify. Certified letters will be sent to 6,500 BofA customers this week, with additional letters being sent each week until all targeted borrowers have been contacted.
Borrowers who qualify could reduce their principal up to $100,000, bringing their monthly payment to 25 percent of their income. The 200,000 homeowners who receive notification that they are eligible for a reduction in their mortgage principal have been screened for eligibility, but they must qualify under the terms of the offer.
• Borrowers must be 60 days late on their mortgage payments as of Jan. 31, 2012;
• Borrowers must be underwater on their mortgage, meaning that their home is worth less than they owe on their mortgage;
• The mortgage must be owned by Bank of America or serviced by one of its investors.
• Borrowers must respond to the letter, providing proof of sufficient income to be able to make the modified mortgage payment;
• The borrowers’ current payment (before modification) must be more than 25 percent of their gross income, and borrowers are required to prove they cannot afford their current payment. Unemployed homeowners and those with income would likely not be able to provide proof of sufficient income to qualify.
Similar mortgage principal reductions have been supported by the International Monetary Fund and are encouraged in the government’s Home Affordable Modification Program (HAMP), which provides monetary incentives to lenders for each dollar in principal reduced. That incentive has just been extended to Fannie Mae and Freddie Mac via modifications to HAMP; however, Fannie and Freddie have not yet committed to participating in principal reductions. Therefore, Bank of America mortgages which are serviced by Fannie Mae or Freddie Mac are not yet eligible for this round of principal reductions.
The targeted homeowners were chosen by determining their home’s present value and validating that a principal reduction would be less costly to the Bank of America and its investors than foreclosure. The mailings to those 200,000 borrowers will be staggered to enable staff to assist homeowners and process the necessary paperwork — in the meantime, Bank of America has stated that it will suspend all foreclosure actions against those 200,000 borrowers until they have had an opportunity to respond and determine if they qualify.
Bank of America borrowers who receive one of these letters are urged to reply, providing the information requested to determine if they qualify. Failure to respond within the designated timeframe will exempt borrowers from this offer and could result in reinstated foreclosure proceedings.
Bank of America is just one of several banks that have increased their support of reducing mortgage principal as a means of preventing foreclosures. In an another recent move, Bank of America launched a pilot program called Mortgage to Lease, offering select homeowners an opportunity to surrender ownership in a deed in lieu of foreclosure and rent their home back from the bank to prevent foreclosure.
Top 7 Things To Do In North County This Week
Happiness is like a butterfly.
The more you chase it, the more it eludes you.
But if you turn your attention to other things,
It comes and sits softly on your shoulder.
- Henry David Thoreau
The Era of Queen Elizabeth
1. Sunday, May 6- Spring Renaissance Faire
Renaissance Re-Enactors, Pirates, Musicians and more will take over Felicita Park in Escondido for the annual Spring Renaissance Faire. Guests will once again be transported to the era of Queen Elizabeth the First and 16th Century England Read the rest of this entry »
Top 7 Things To Do In San Diego This Week
Our truest life is when we are in dreams awake.
~Henry David Thoreau
1. Sunday, May 6- Hullabaloo Family Music Festival
Spring Cocktails at The Marine Room
A Celebration of all things music! We’ve invited all our favorite family musicians and educators to join us for a jam-packed day of performance, classes and hands-on musical experiences. Read the rest of this entry »
Cat’s Out of the Bag – News Coming Soon to Short Sales Near You
Short on change these days? Know someone who has been laid off?
Do you remember the Mortgage Debt Relief Act of 2007? That’s where if you had an upside down unpaid principle as a result of your modification, your short sale or foreclosure, The IRS would NOT (repeat NOT) come after you for your taxable amount, depending on your tax bracket.
Let’s say you were 100,000 dollars short on a short sale or something like that. Well you could be looking at around $30,000 on that short sale or foreclosure that you would be on the hook to the IRS for and I can guarantee you that in California a lot of people are $100k under or more.
Well, the mortgage debt relief act of 2007 gave you relief from paying this.
Guess what?!? Here it is guys, this is set to expire on December 31st of this year. This year is close to being half over, so regardless of the date, that is really just around the corner. Right now President Obama has it in his budget, but the whimsical nature of congress with an election year upon us could make this a hotbed topic and it very well could get completely scrapped.
So if you’ve got friends or you yourself are considering a short sale or even worse staring down the barrel of a foreclosure and not being so responsive to your marketing efforts or your enquiries with them. I mean, if you are one of the whopping 11.1 million people that are risking the foreclosure point and need to list your house and with god speed you might be able to get it thing closed prior to the Acts expiration date, now is the time to do it. Really? Yes, really.
The savings will be tens of thousands of dollars that could be saved to get you out of a precarious situation and bring a little relief and some help.
For more info on short sales so you can get some real estate relief, contact me at kristalombardi@gmail.com
Top 7 Things To Do In North County This Week
“To the attentive eye, each moment of the year has its own beauty…It beholds every hour, a picture which was never seen before, and which will never be seen again.” ~Ralph Waldo Emerson
A Beautiful San Diego Sunset
1.Sunday, April 29- Biloxi Blues
BILOXI BLUES by Neil Simon, a Tony award-winning comedy, directed by Christopher Williams. BILOXI BLUES, part of Neil Simon’s trilogy – 1930′s Brooklyn. Read the rest of this entry »
Top 7 Things To Do In San Diego This Week
It is very important to generate a good attitude, a good heart, as much as possible. From this, happiness in both the short term and the long term for both yourself and others will come. ~ Dalai Lama
The Crystal Man from TOTEM, Cirque Du Soleil
1.Sunday, April 29- FREE Entrance Day at Cabrillo National Monument
April 21 through April 29 enjoy Fee waiver, including entrance fees, commercial tour fees, and transportation entrance fees. Other fees such as reservation, camping, tours, concession and fees collected by third parties are not included unless stated otherwise.
8:00a
Cabrillo National Monument, San Diego,CA
2. Monday, April 30- IMAX: To The Artic
An extraordinary journey to the top of the world, the ultimate tale of survival. A mother polar bear and her two seven-month-old cubs navigate the changing Arctic wilderness they call home. Read the rest of this entry »
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