Real Estate Information Archive

Blog

Displaying blog entries 121-128 of 128

Memorial Day Rememberence Events in Ventura County

by The Blake Mashburn Group

Memorial Day Weekend is here! This unofficial start of summer means plenty of opportunities to spend time with family and friends, grill up some delicious food, enjoy outdoor recreation, and attend fun community events. At the same time, it is important to remember the real reason why we celebrate Memorial Day….to honor those brave men and women who have served in our nation’s armed forces. We need to remember and celebrate our veterans who sacrificed so much to protect the freedoms that we hold dear in the United States.  

 

 

Memorial Day Celebration

Date: Monday, May 29th

Time: 9:00 am - 10:30 am

Location: Port Hueneme City Hall (250 North Ventura Road, Port Hueneme)

Join the City of Port Hueneme and the Port Hueneme Historical Society Museum for their 2017 Memorial Day Celebration. The ceremony will feature many great guest speakers. The keynote speaker is Captain Chris D. Janke (Commanding Officer Naval Base Ventura County). Other speakers include retired US Navy combat aviator Captain Bill Hodge, Ventura County Supervisor Kelly Long, and Oxnard Harbor District Board Secretary Jess Herrera.  

 

Memorial Day Hike

Date: Monday, May 29th

Time: 9:00 am - 3:30 pm

Location: Ventura River Preserve (370 Baldwin Road, Ojai)

Cost: $25 per adult | $20 per senior | $15 per student (ages 13-18) | Free children 12 and under

Learn more about the plant habitats native to our area during this 5 mile hike around the Ojai Valley Land Conservancy’s Ventura River Preserve. In honor of the holiday, lunch will be spend as a time to discuss and reflect on the importance of Memorial Day. Please meet at the Maricopa Plaza parking lot at 9:00 am to carpool.

 

 

The Blake Mashburn Group extends a sincere THANK YOU to all veterans and active service members! We wish everyone a Happy & Safe Memorial Day!  

Get Ready for the City of Ventura Bike to Work Week 2017!

by The Blake Mashburn Group

May is Bike to Work Month! Biking as a means of transportation helps promote healthy living and protects the environment that we hold so dear here in Ventura. The city of Ventura is dedicated to providing its citizens with excellent bike routes throughout town and encourages all in the community to get their bikes (and helmets!) ready to ride to work every day this month!

 

 

Do not miss out on all the activities planned for the City of Ventura Bike to Work Week 2017 taking place May 15th through May 19th! Fill out the Pledge to bike to work or school during this week and be entered to win some great prizes from the Ventura County Transportation Commission.

 

Monday, May 15th | Bike ‘n’ Ride with Ventura County Fire Department

Take a fun 10-mile recreational Monday morning bike ride with the VCFD. The ride will kick off at 9:00 am from Giant Bicycle (3587 Old Conejo Road, Newbury Park) and end at the VCFD Lake Sherwood Fire Station (33 Lake Sherwood Drive). Stick around for the unveiling of Ventura County’s first public bicycle repair stand at 10:00 am. This repair station is the first of 16 planned for around the county. Register for this fun, FREE event HERE!

 

Tuesday, May 16th | Bike Train

Join the Bike Train from Ventura’s East End to Downtown. Click HERE for a map of the route.

 

Wednesday, May 17th | Bike Maintenance Luncheon Class

Head down to City Hall to learn more from BikeVentura about how to properly maintain your bicycle. The class begins at noon in the Santa Cruz Conference Room.

 

Thursday, May 18th | City of Ventura Bicycle “Pit Stop”

On your way to work, swing by the corner of California and Santa Clara Streets for a morning of bike fun. Enjoy refreshments, bicycle information and tune ups, and a raffle between 6:00 am and 9:00 am.

 

Friday, May 19th | Celebratory Bike Ride

Join BikeVentura as we end a successful 2017 Bike to Work Week as a community.


Have fun exploring Ventura on two wheels and getting active during the beautiful month of May!

Foreclosures in Ventura County and California are slowing rapidly.

by The Blake Mashburn Group

Foreclosures in Ventura County and California are slowing rapidly, according to the latest figures from RealtyTrac.

In February, for the first time since December 2006, California was not among the states with the 10 highest foreclosure rates. Overall foreclosure activity in California dropped year over year for the 15th straight month, ranking 13th in the nation.

There were 18,003 filings in California in February, a decline of almost 63 percent from February 2012 and a rate of one in 757 homes. Bank repossessions in the state fell 49 percent from last year.

In Ventura County, the number of foreclosure-related filings, such as notices of default and bank repossessions, rose slightly from January to February. But the number dropped 65 percent from a year earlier — from 1,037 in February 2012 to 362 this February. RealtyTrac, an Irvine-based online marketplace for foreclosure properties and real estate data, reported foreclosure filings in the county totaled 354 in January.

Mark Schniepp, director of the California Economic Forecast in Santa Barbara, said the new data matched his expectations.

“We forecast 50 to 60,000 foreclosures this year in California, compared with 96,000 last year, and it may even be more than that,” Schniepp said. “Ventura County is keeping in line with the state.”

“As home prices rise and banks are more willing to work out short sales, it curtails the number of bank repossessions,” he said. ‘The main issue now is not distressed properties but a lack of inventory, but as prices rise, that will get cured.”

U.S. foreclosure filings dropped 25 percent year over year, with a total of 154,281 filings in February. That’s one in 849 housing units.

However, the number of homes entering the foreclosure process nationwide rose 10 percent after three consecutive monthly decreases.

Foreclosure starts increased from the previous month in 32 states and rose from a year earlier in 16 states, including Nevada (up 334 percent), Maryland (up 319 percent), Washington (up 172 percent), New York (up 139 percent) and New Jersey (up 70 percent).

“At a high level, the U.S. foreclosure inferno has been effectively contained and should be reduced to a slow burn in the next two years,” said Daren Blomquist, vice president at RealtyTrac.

“But dangerous foreclosure flare-ups are still popping up in states where foreclosures have been delayed by a lengthy court process or by new legislation making it more difficult to foreclose outside of the court system. Foreclosure starts have been steadily building in those states over the last several months and likely will end up as bank repossessions or short sales later this year.”

Florida posted the nation’s highest state foreclosure rate for the sixth consecutive month in February, reporting one in 282 housing units had a foreclosure filing during the month.

Florida cities accounted for seven of the nation’s 10 highest metro foreclosure rates in February, led by the Miami, Orlando, Ocala, Tampa and Palm Bay metro areas.

The number of Nevada homes going into the foreclosure process in February increased 334 percent from a year ago to a 17-month high, keeping the state’s foreclosure rate the second-highest nationwide for the fifth month in a row. One in 320 Nevada housing units had a foreclosure filing in February, more than twice the national average.

Illinois, Ohio, Washington, Maryland, Arizona, Georgia, Utah and Michigan round out the top 10 states.



Read more: http://www.vcstar.com/news/2013/mar/13/forcelosure-rates-continue-to-slow-in-california/#ixzz2QNxzueTV
- vcstar.com

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 [email protected]. 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 121-128 of 128

Share This Page

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