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Will Congress Extend The Mortgage Tax Debt Relief Act?!

by The Blake Mashburn Group

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.

However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end of 2012. For distressed homeowners, this means that time is running out for you to take advantage of this program.

As a Certified Distressed Property Expert (CDPE), I am uniquely qualified to help determine your eligibility and answer any questions about the settlement. Visit my website www.VCShortSaleTeam.com for a copy of the report entitled "Time is Running Out: How the Mortgage Debt Relief Act can save you!"

Then, contact me for a free, confidential consultation.


Sincerely,

Blake Mashburn
Troop Real Estate, Inc.
(805) 368-0202

NEW LAW AIDS SHORT SELLERS

by The Blake Mashburn Group

California law has changed regarding a lender's ability to obtain a deficiency judgment after a short sale on a 1-4 unit residential dwelling. As a result of SB 458, any lender who agrees to a short sale, meaning not only the 1st lender, but also any junior lender(s), can no longer require a borrower to owe, or to pay, or take action against the borrower so as to collect a deficiency judgment.

Furthermore, lenders are no longer permitted to require the borrower to contribute any monies, other than the proceeds from the sale of the property, as a condition of the short sale negotiations and approval.

The legislation was passed as Urgency Legislation and went into effect the day it was signed by Govenor Jerry Brown, on July 15, 2011.

If you know anyone having a difficult time maintaining their house payments and close to losing their home in foreclosure, please have them give me a ring at 805-856-9350. I will be glad to discuss with them, at NO cost or obligation, their options.

 

 

Ventura's Affordable Luxury Home Markets

by The Blake Mashburn Group

Ventura, California is located along the Pacific Coast, about 1 hour north of Malibu, California and about 45 minutes south of Santa Barbara, California.

However, unlike Malibu and Santa Barbara, Ventura offers seaside, ocean view luxury homes for a fraction of the cost!

Somehow, Ventura has remained "off the radar" of most Los Angelinos and Santa Barbarian's for many years, which has artificially, in my opinion, allowed real estate prices to remain "reasonable" in comparison to other California coastal communities.

Yet, Ventura boasts a moderate Mediterranean climate, little traffic or crime, great schools, many restaurants, shops, theaters and proximity to the Anacapa Islands, and National Forests with their many outdoor activities, as well as numerous uncrowded beaches!

Starting from the high $400k's, Ventura's hillsides boast everything from modern, cliff-hanger mansions to 20's-era Spanish estates, including one of my most recent hillside listings at http://www.blakemashburn.com/Property/1743-Miramar-Drive-Ventura-California

  1743 Miramar Drive, Ventura, California

Additionally, Ventura offers everything from 1950's beach bungalows, starting in the $500k+ range to beach front homes at more than $2 million, to Ventura Harbor dock properties, starting in the $900k + range.

Recenlty, I sold the property pictured below, 1313 Beachmont Street, here in Ventura at $1,352,000. This is a main channel home, with a 35 foot boat dock. 

As you can see, Ventura offers so much, for so little, in the way of luxury homes in every price range.

Search for Ventura homes.

If ever I can be of assistance to you, whether buying or selling, please feel free to contact me at 805-856-9350 or at BMashburn2@Yahoo.com. Please remember to visit: http://www.BlakeMashburn.com

 

Ventura, California's Hillside Homes

by The Blake Mashburn Group

With mortgage interest rates at 60 year lows, and with real estate prices at or near what they were in the early 1990's, NOW is a great time to consider making a move up to a larger, more luxurious home.

Ventura, California offers a quaint, seaside community at a fraction of the cost of it's two neighboring seaside communities of Malibu, about 1 hour south of Ventura, and Santa Barbara, about 45 minutes north of Ventura.

Additionally, due to Ventura's unique geography, its gently sloping hillsides offer spectacular ocean and island views.

And unlike Santa Barbara, the Anacapa Islands are so close to Ventura's shores, about 12 miles offshore, you can litterally see right through the arch at the most southerly end of Anacapa island and the views are stunning!

 

 

 

 

Plus, you will also enjoy city lights views, as well as Ventura's beach and pier views!

If you'd like to view some of the lovely hillside and other homes I currently have listed for sale, please click here! http://www.blakemashburn.com/Properties

Well, that's it for now. If ever you do consider making a move to Ventura, California, whether to our spectacular hillside communities including Hobson Heights, Mc Elrea Heights, Ondulando, Skyline Estates and Clearpoint, or our beach communities including Pierpont and Ventura Keys, or historic West Ventura, or beach-close yet affordable Mid-town Ventura, or Ventura's pristine College District, or Ventura's affordable East Ventura, please always feel free to call on me. I can be reached at 805-856-9350 or http://www.BlakeMashburn.com   

 

 

 

 

 

Should I Buy a Home Now?

by Blake Mashburn

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 121-125 of 125

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Contact Information

Photo of BLAKE MASHBURN Real Estate
BLAKE MASHBURN
Century 21 Everest
1190 S. Victoria Avenue, Suite #100
Ventura CA 93003
Office: 805-856-9350
Cell: 805-368-0202
Fax: 805-642-1424