Don't Forget to Fall Back an Hour Tonight!

There was a time when you could count on getting a post card from your local real estate agent to let you know that it is time to set your clocks back.  The housing crash changed that for most of us.  We don't qualify for food stamps but buying postage stamps and post cards seems extravagant.  And the news media will remind everyone because they need to be needed.  Please set your clocks back the recommended one hour tonight.


I hope you have a great rest of your weekend.  If you need to buy or sell, give me a call at 951-204-1864 or text me.  You can email me as well at calljoan4ahome@gmail.com

Thanks,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License #01431647
Keller Williams Realty

Why you should use Joan Patterson to Sell Your Home

Photo and video editing at www.OneTrueMedia.com

Homes That I have Sold 3/26/11 at OneTrueMedia.com

Photo and video editing at www.OneTrueMedia.com

Joan Patterson Inland Empire Real Estate: Short Sales-The Listing Agent Must Know How To Pre...

Joan Patterson Inland Empire Real Estate: Short Sales-The Listing Agent Must Know How To Pre...: "I just read an interesting article as to why many short sales fail. I always like to try to deal with an agent who is representing the..."

Short Sales-The Listing Agent Must Know How To Present to Banks!

I just read an interesting article as to why many short sales fail.  I always like to try to deal with an agent who is representing the seller that I know.  Typically, if I know an agent and have worked with them in the past, I know how they operate.  This means whether or not they actually do their job etc.  It has been noted that most banks can tell if the agents submitting packages to them for short sales really know or don't know what they are doing by the presentations of their packages.  And...guess what? If the package is not complete or is sloppy, it goes to the bottom of the stack.  And, their stacks can be large and take a very long time to get through.  If the package is complete, it typically gets reviewed within a few days and the process starts.  Sometimes, I know this is not the case because of other various reasons, however, the conclusion is that the banks will tend to work with a complete file from an agent who shows them they do know what they are doing.

Joan Patterson Inland Empire Real Estate: Forclosures will be worse in 2011 is the Predictio...

Joan Patterson Inland Empire Real Estate: Forclosures will be worse in 2011 is the Predictio...: "The prediction is that 2011 is going to be the worst year yet for foreclosures. There are so many homeowners right now that are behind..."

Forclosures will be worse in 2011 is the Prediction from Realtytrac

The prediction is that 2011 is going to be the worst year yet for foreclosures.  There are so many homeowners right now that are behind on their payments.  I read an article from Realytrac that the numbers are close to 5 million homeowners who are behind in their payments.

Realtytrac predicts 1.2 million more homes will be taken back.  This number is up from 2010 which was 1 million homes.  People are losing their jobs and are having a hard time refinancing due to the more stringent guidelines that the lenders are imposing.  California leads in the numbers of foreclosures to other states.

We are in a mess America.  We need to get jobs back here so OUR people can work so OUR people can support their families.

Joan Patterson Inland Empire Real Estate: Mortgage Interest Tax Deduction Under Attack

Joan Patterson Inland Empire Real Estate: Mortgage Interest Tax Deduction Under Attack: "It appears that Obama really wants to put a stop to the mortgage interest tax deduction. Why? I have no idea as it does help eve..."

Mortgage Interest Tax Deduction Under Attack

It appears that Obama really wants to put a stop to the mortgage interest tax deduction.  Why?  I have no idea as it does help every homeowner with their taxes.   The National Association of Home Builders wants to help protect this deduction.  There are other entities that want to protect this as well and they are working to do this too.  We all need to come together to help put a stop to this.  We all need tax deductions and this is a major one.

This has been a major concern for the government to cut for a while now.  But there is less interest being written off now as values are down and prices are down.  There are even tougher guidelines to get a mortgage and more of them are smaller.  Interest rates are low.  With interest rates being low that means less interest is being paid as well.  So, with that said the people are writing off less mortgage interest than the federal government thought.  They thought it would be a huge amount to try to cut when now it is not.  They are just looking at ways to get more money to keep but this is not one of them....at least not at this point and I think we need to do what we can to protect ourselves so it can be a tax write off.  If I find some website to vote NO, I will provide that to you all.  I feel we need tax write offs and our home is one of the largest ones we have.  If the government keeps cutting our write offs, we all will be in trouble.  Make it a great day!

Short Sale Negotiations

I cannot stress to you enough how important it is to have a good real estate agent representing you when it comes to short sales.  There is so much that goes into a short sale and it is so important that you have someone who knows what they are doing.  It is also important that they stay on top of things as recently I was dealing with an agent who said we had the short sale approved (I was working with the buyer) and the bank was ready to go.  However, I was not ready to spend my client's money yet.  I wanted to protect them and make sure they really had approval to move forward to do their inspections.  I wanted something in writing.  So, what did I do?  I waited, and waited, called and called the listing agent only to find out the bank had sold this property from underneath us and let it go to trustee sale-they actually foreclosed on it.  Yes, that is correct!  I felt so bad for my clients as they were first time buyers and ready to go with twins and another child with one on the way.  I felt bad, but they were very nice about it actually and felt that it was not meant to be.  The other agent, I felt, dropped the ball.  She should have stayed in better communication with the bank.  It appeared that the right hand did not know what the left hand was doing at the bank.  But, that happens and that's why it is so important to stay in constant communication with the banks.