Living Trusts

YOU need to have your home in a Living Trust. It is a must-have security measure to protect your family assets. Avoid probate, legal challenges and leave a legacy that doesn't get trashed. In addition, you'll want to discuss other items with your attorney. WHAT? You need a referral for an attorney who will do a consultation for your and save your assets? Got it: Call BRENDAN BREWER for any California family and general business services. In Brendan we Trust: 415-492-0590.

Market is Heating up again!

The market is on the move again in Marin. While NEW construction spending fell dramatically in the past month, "Remodel" construction is on fire.. and many are selling their homes after their remodeling is complete, with a side note that builders have been BLESSED this year with a late start to the rains. There are a ton of projects that are still not closed in and weather tight: You got lucky!

Back to the market: Get your loan pre-approved. It doesn't cost you a thing. You can get started with no obligation and no hassles at http://www.PTRE.net

While at http://www.PTRE.net you can also request all the newest homes for sale sent to your inbox the minute they come on the market. Even if you're a few months away from doing anything, start watching the market now so that when you are ready to start shopping, you know what the comps are in the areas that you want to buy in. Information is power (if applied properly!). We've been seeing 90+ days on the market for homes. Now, I'm seeing some homes move in 30 days again, 14 days on a recent transaction in San Anselmo. Get in while it's still generally a Buyer's market. Don't get priced out agan! Call or email Pat Townsley for infomation. 415-485-1776. Full service real estate and finance broker. www.PTRE.net

Important questions to ask on a Purchase loan

Here's a couple key questions to ask your mortgage lender prior to getting into contract on a new home purchase. For the point of this example, let's pretend that the Buyer is pre-approved for a 100% no money down home loan on an $800,000 home:

Things to ask:

• What is the current market rate on both first and 2nd?
• Assuming an 800,000 purchase price, what will my total payments be given today's rate?
• Is there mortgage insurance?
• What are the points or fees?
• What other fees and/or closing costs are there?( with no money down, how much do you still need in cash to close)?
• How much can the Seller contribute back to me for closing costs?
• Is there a pre-payment penalty or early termination fee?
• How can I get a pre-approval letter to give to my Realtor to present with my offer?

A good mortgage broker won't have to answer these questions as they would have told you all of these answers without you having to ask. Folks, Let's buy some real estate. Call me to get pre-approved for loans anywhere in California: 415-485-1776, Pat Townsley Real Estate Network, www.PTRE.net

Short Sales Transactions

Unfortunately, this term, Short Sales Transactions, does not mean Fast. This is when a property is worth less than the loans against the property and the seller cannot make up the difference between what the home sells for and the amount still owed to close the deal. This is time for agressive negotiations between the seller and the lender, and it needs to be addressed and disclosed prior to the house going on the market. It's a challenge. I can help. Pat Townsley, real estate consultant. www.PTRE.net

Homes For Sale: It is time to buy

The market is leveling off. This means the "scare" of falling values is normalizing with market supply and demand. Interest rates are holding relatively flat, taking the pressure and guesswork out of that component. Sellers looking to get out of Real Estate have put their homes on the market and they're generally sitting for 90+ before a sale or a price reduction. They're trying to get out before the market falls deeper. So, those homes are on the market. The other sellers will "get off the fence" as the market stabilizes... further saturating the market with inventory. It could turn into a buyer's frenzy...and in a frenzy, the top houses will start to see multiple offers...driving the market back up. We can't predict the future, but I know now is a great time to buy because we DO know what the market is like right now, and it's tasty; come get some. Free home loan analysis and approval and free home listings: http://www.PTRE.net, Pat Townsley, Excellence in Real Estate Financing. 415-485-1776

Reverse Mortgages Available Here

Federally guaranteed (FHA & HUD) REVERSE MORTGAGES are now available through Pat Townsley as California Mortgage Consultants. They'll put extra money in your pocket of retirees over the age of 62 years old. No more mortgage payments... now the banks pay You. Is it the right fit for you or your loved one? Find out: Call Pat Townsley at 800-646-5527 or visit me online at www.PTRE.net. Serving all of California.

Home For Sale

How do you get to know the market and WHEN you want to buy? With basic analysis: I'll provide the Who and the How. You narrow it down by What, Where, Why. Getting specific on your neighborhood could be the most important. Location, location, location. Next; Size, style, amenities. The Why; To improve the quality of your life, put a roof over your head and invest in the future. What if you could have the freshest new home listings in your desired area sent to you when they come on the market? I offer the FREE service of just that. By knowing what is selling and at what price, you'll get to know the area, the prices and the activity. Knowledge is power. Click the Listings button or go to www.PTRE.net and let's get busy. Pat Townsley, Real Estate Broker.

Time to Buy!

Time to get your loans pre-approved and get into the real estate profession. Times have changed and there is value if you work on it. Profit margins on Fixers is a bit less, but now other investors are getting out of real estate in search of higher yields in other markets. Great. Diversify that portfolio, check your current loan, get a loan pre-approved or secure your commercial property loan. Get it all at www.PTRE.net or just click on the APPLY NOW button. It's the simplest way to get your new loan approved or existing loan checked. Who do you know who are on the fence? Folks, it's time to get everything you've ever seen in the movies! You can do it. I can help. Pat Townsley, Real Estate Broker. 800-646-5527. www.PTRE.net