Sorry everyone I bought the winning ticket today. 😄😄😄😄😄have a great day.

Have a nice day!
Pat. 562.773.3919
Pat@pathaleonline.com

map of Seal Beach

map of Seal Beach

What is the Gold Coast? It is ocean front property on the North side of the Pier in Seal Beach. The lots vary in width and are considered three lots deep. The lot closest to the ocean can not have a structure built upon it. A pool or tennis court may be built on the lot closest to the water. These lots are the most expensive in Old Town and most homes along this stretch of beach are over the million dollar range.

photo 120110 002

photo 120110 002

Real Estate Market Today

Hope you had a Merry Christmas and a Happy New Years! Do you want to know what is happening in the Real Estate Market in December 2012.   Click on this link to find out:  http://pathale.housingtrendsenewsletter.com/   Please give me a call and let me know if I can be of any help to you for any of your Real Estate needs.

Image

New Real Estate Office in Town

I have opened my new office in Old Town called All Coastal Real Estate.  It is located at 311 Main Street, Suite 16 in Seal Beach CA.  Stop by when you are in Old Town for any Real Estate information you may need.  I have been helping buyers and sellers with all of their real estate needs since 1979.  I have seen a lot of changes in the Real Estate market in over thirty years if you need help please give me a call.

Hi Everyone,

Here’s a head’s up on a hot tip.
Call the number below from your cell phone if you want to save time, money and hassles.

REMEMBER: Cell Phone Numbers Go Public this month.
REMINDER….. all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.

…. YOU WILL BE CHARGED FOR THESE CALLS

To prevent this, call the following number from your cell phone: 888-382-1222.
It is the National DO NOT CALL list It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number.

HELP OTHERS BY PASSING THIS ON .. It takes about 20 seconds.
https://www.donotcall.gov/default.aspx

Please forward to family and friends.

If you need to know what is the current housing trend for the month of May, follow the link below. I also included a quick link to preview properties for sale in Seal Beach. Let me know if you like it?

First Time Buyer Down Payment Assistance Program

The program is designed to assist Low to Moderate Income Eligible Households who, based on institutional underwriting criteria, are unable to qualify for and/or afford to purchase a home and make the necessary mortgage payments without financial assistance.

Qualifying properties must be single family homes, condominiums, or townhomes located within the city of Huntington Beach and purchased for owner occupancy at an Affordable Housing Cost. The Program is funded by the Huntington Beach Redevelopment Agency through its low and moderate income housing fund and the Federal Government’s Neighborhood Stabilization Program (NSP) funds.

Criteria Includes:
Participating homebuyers must qualify for a “First Trust Deed Loan”; a fixed rate level payment , 30 year first mortgage loan with an institutional lender approved by the Affordable Clearinghouse.

The maximum loan amount will not exceed $100,000. Limits are:
$50,000 for 1 bedroom
$75,000 for 2 bedrooms
$100,000 for 3 bedrooms

Minimum underwriting criteria include:
No minimum credit score
No credit accounts past due at time loan is recorded
No outstanding unpaid judgments or involuntary liens
No bankruptcies

-Applicant must be a low to moderate income household, in which the households total combined gross household income cannot exceed one hundred twenty percent (120%) of area median income for Orange County.

-Priority for current Huntington Beach residents or persons employed with a business located in the City.

Year Percentage of Equity Share Should Homeowner Sell . . .
Years 1-7 100%
Years 8-12 75%
Years 13-17 50%
Years 18-22 25%
Years 23-30 10%
30 + Equity Share and Interest Eliminated

-Zero percent interest rate for Down Payment Loan per Fannie Mae Guidelines for Community seconds . No deed restriction on property due to equity share payment.

-Refinancing with approval of Program Director. No cash out unless participant agrees to pay off Agency loan.

How to Participate:
• Affordable Housing Clearinghouse has been selected to be the Down Payment Assistance Program administrators. For more information contact them at:
Affordable Housing Clearinghouse
23861 El Toro Road, Suite 401
Lake Forest, CA 92630
Phone (949) 859-9255

For further information on this new program you may contact –
Sidney Stone
Housing Manager/City of Huntington Beach
(714) 536-5901
Sidney.stone@surfcity-hb.org

That was the question posed on a website I encountered today.  I don’t know how long the poll has been running nor who has posted their answers.  But the results are interesting.

See what others think at http://tinyurl.com/d924q8

The website is run by a real estate technology guru.

The 30 year fixed rate mortgages fell to 5.93%.