Tuesday, March 31, 2009

2009 Jamul Kiwanis Gymkhana Series Dates

2009 Jamul Kiwanis Gymkhana Series Dates:

March 29th
April 26th
May 31st
June 28th
July (off)
August 30th

Gymkhana is a horse event in which riders of all ages compete in games on horseback. The games are timed and the fastest rider wins. The ages of the riders range from 4-40. This is a great community event. Plan to come and watch!

Home Buyer Tax Credit - Who is eligible?

Who is eligible to claim the tax credit?

First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.


What is the definition of a first-time home buyer?

The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.

For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

Monday, March 30, 2009

Your House As Seen By...

This is an email that was sent to me. I thought it was great so I had to share!

Your House As Seen By:

Yourself...




Your Buyer...




Your Lender...




Your Appraiser...




Your County's Tax Assessor...

Friday, March 27, 2009

Home Buyer Tax Credit - Part 1

$8,000 Home Buyer Tax Credit at a Glance

* The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

* The tax credit does not have to be repaid.

* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

* The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

* Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Thursday, March 26, 2009

Red Flags for Foreclosure Rescue Scams

HOMEOWNERS BEWARE:

If you are at risk of or in foreclosure, you should be on the lookout for foreclosure scams. Here are some of the red flags to
watch out for:

• Asks for money upfront before providing any service
• Instructs you not to contact your lender, lawyer, housing
counselor, family, friends, or others
• Asks for mortgage payments to be made directly to his or her
company or a bank account set up by that person, rather than
your lender.
• Requires payment only in the form of cash, cashier’s check,
or wire transfer
• Promises to stop the foreclosure process, no matter the
circumstances
• Advises you to transfer your property deed or title to his or
her company
• Offers to fill out paperwork for you
• Asks for something to be done immediately and without delay.
This includes pressuring you into signing paperwork that you
have not had the chance to read thoroughly or do not fully
understand
• Encourages you to lease your house and buy it back
over time
• Offers to buy your house for a fixed price that is not set by the
housing market at the time of sale
• Asks for you to give a power of attorney
• Asks for signatures on a grant deed or deed of trust
• Asks for signatures on a document that has lines left blank
• Fails to provide copies of signed documents
• Refuses or fails to put an oral promise in writing

February Sales and Price Quick Facts

For release:
March 25, 2009


Quick Facts:
. Existing, single-family home sales increased 83 percent in February to a seasonally adjusted rate of 620,410 on an annualized basis
. The statewide median price of an existing single-family home decreased 40.8 percent
in February to $247,590
. C.A.R.’s Unsold Inventory Index fell to 6.5 months in February, compared with 15.3 months in February 2008
. The median number of days it took to sell a single-family home declined to 51.5 days in February 2009, compared with 69.3 days in February 2008

C.A.R. reports February home sales increased 83 percent, median home price declined 40.8 percent

Tuesday, March 24, 2009

Realtors and Sellers Need to be Realistic

Daily Real Estate News | March 24, 2009 | Share

Practitioners Get Tough in Current Market

Chicago-area practitioners say they are increasingly likely to walk away from would-be sellers who insist on setting the price too high.

For instance, Michael Shenfeld, an associate at Koenig & Strey GMAC in Lincoln Park, refused a listing when he couldn’t persuade a potential client to list his condo $25,000 lower than others were selling because it was in poor condition.

"I walked away and said, ‘This is not the best use of my time or your time,'" he says.

Customers can be especially difficult to deal with if they are underwater on expensive properties, says Scott Foster, a practitioner at RE/MAX Exclusive Properties in Chicago. When he suggested a short sale to owners of a $500,000 apartment, “I was shown the door,” he said.

Source: Crain’s Chicago, Kevin Davis (03/23/2009)

I have been there and done that. It never ceases to amaze me how sellers can think one characteristic, that may or may not be a plus, can justify listing their home for more than market value. For example they may love the orange shag carpet, wood paneling, or funky layout and believe their home is worth more than the home down the street that has been updated and has more square feet, but the reality is, it is not. They refuse to see that larger homes are selling for less and somehow think that because they feel their home is worth more every buyer will be willing to pay more as well. I have passed on taking such listings because when the home doesn't get an offer, the seller will blame it on the pictures, the sign, the flyer, my marketing and yes, eventually me. If an offer comes in at the market value many sellers will be insulted and reject the offer. It is a no win situation that ends up being a huge waste of time, money and energy. Just as I qualify buyers before taking them out to see properties, I also qualify the seller before taking the listing. Seller's are hiring me to do a job, if I can not honestly say I can get the job done, I am not going to take the listing and set them up for a disappointment.

Friday, March 20, 2009

Jamul Burglaries and Worse

Please read below regarding recent burglaries and worse occuring in our community. this summury was forwarded to me. Please share with anyone you know who lives in Jamul. Thank you, be safe!

I have inserted below the summary of events that I gave to the Sheriff’s office today (including a copy to Detective Kerr). Please feel free to pass this on to everyone you can think of who might be affected. I know you will tell them that they should NOT approach the guys in the Silverado given the Sheriff’s concern expressed to me yesterday that they may just be innocent folks (apparently there is not enough fresh country air in Valley Center). Anyone who has been involved in the burglaries could be armed with stolen weapons.

If you see them or if you observe ANY suspicious activity you should call sheriff’s dispatch immediately at 858-565-5200 – the quicker the better. Make sure you reference the series of burglaries in Jamul that are being investigated by Detective Kerr. Realize that if you call 911 on a cell phone the call goes to CHP and it can be a while before you finally get to the Sheriff.

For matters that are not time sensitive, you can call the Lemon Grove substation and talk to Detective Kerr or anyone else that will take a report. That number is 619-337-2000. Deputies Ken Edwards and Lorenzo Ortiz are both familiar with many of the details, and have been extremely helpful – unfortunately they are often out in the field.

I have contacted Dianne Jacobs’ office to see if they can help us get the word out and maybe be more proactive about this. I have provided her with the same written information that I gave the Sheriff. Will let you know what I hear. I have also contacted Tammi at the Jamul Shopper so that she can publish a story to alert people.

Hope we can get everyone to be much more vigilant and put an end to this!

Kris Nesthus

INFORMATION REGARDING SUSPICIOUS ACTIVITY AND BURGLARIES IN JAMUL
AS OF MARCH 18, 2009

Prior to March 10

A man was knocking on doors in the neighbor hood asking for work. He gave one of them a flyer that supposedly had his name (James Merson) and contact information. This man spoke with [a resident of Jamul Highlands] for some time and claimed to have worked for a local contractor. When the resident checked with that contractor they were told noone of that name had ever worked there. Both the resident and I called the phone number on the flyer, 619-342-8964, and it is not in service.

The home at 14782 Olive Vista was robbed twice in the week before March 10. Eleven guns, jewelry, tools, etc. were stolen.

There has also been strange activity at the end of Jamul Highlands – men fiddling with the lock on the gate up there, unknown vehicles hanging out, and groups of illegals coming through.

Tuesday, March 10

Our home at 2875 Jamul Highlands was burglarized sometime between 9 a.m. and 4 p.m. I have been told there were a total of four burglaries that day, but the only address I have for another home is 3028 Jamul Highlands. The woman at that home told me she was only gone from 8:30 a.m. to 10:30 a.m. and the house was broken into during that time.

Thursday, March 11

A Hispanic male in camouflage clothing and a lime green hat with several large bags obviously full of items was observed hanging around near 3025 Jamul Highlands. I called it in. The deputy responded quickly but the man was gone. I believe the deputy spoke to the woman there.

In the afternoon an attempted burglary occurred at 3191 Jamul Highlands Road .

Friday, March 12

Late in the afternoon two Hispanic males (probably in their 20's) with shaved heads in a white Silverado truck, lowered and with rims, went aft er a young teenage boy who lives on our street, chasing him on his expensive “50" dirt bike (so close they almost ran him down) from the dead end of Jamul Highlands all the way down the road and then chasing him on foot when he went off onto the dirt road near 3025 Jamul Highlands. A young man at a nearby house intervened and asked the men what they were doing, but apparently they did not respond and instead got back into the truck and took off. The young man followed them up Lyons Valley Road and was able to get their license plate number, which is CA 7W49564, and went home. This same truck was seen on Jamul Highlands shortly after but left when they saw they were being observed by the same young man.

I have been told that the Sheriff’s Department checked the plate and the vehicle belongs to someone in Valley Center . I checked with the neighbors at the end of the road and they do not know anyone or have anyone visit their home of this description. There seems to be no reason why these individuals would be in the area (especially several times) or why they would chase a boy, other than possibly to stea l his dirt bike. Someone at the dead end of Jamul Highlands can watch the comings and goings of our neighborhood from that vantage point.

Monday, March 16

I have been told that as of this date, there was a third attempt to break into a home at 14782 Olive Vista.

I have been told that there were reports of a suspicious vehicle consistent with the Silverado described above in the area.

In the morning on this date there was an attempted burglary on Honey Springs Road . Shortly after, my son observed the white Silverado lowered truck with rims on Highway 94 headed toward Lyons Valley Road . Again, what would guys from Valley Center be doing in Jamul on a weekday morning?

We and our neighbors have become increasingly alarmed by these events – several women who stay home alone during the day are terrified. We want this to stop before someone gets hurt. We appreciate the efforts made so far to catch these individuals, and hope that they will continue.

Thursday, March 19, 2009

Making Home Affordable - Homeowner Help

Daily Real Estate News | March 19, 2009

Mortgage-Help Site, Call-in Number Go Live

The U.S. Treasury Department went live on March 19 with its Making Home Affordable program, which aims to help homeowners refinance or modify their mortgages.

The campaign includes a Web site at makinghomeaffordable.gov as well as a telephone hotline number at (888) 995-4673.

The federal government is targeting 9 million homeowners whose loans are held by Fannie Mae or Freddie Mac.

Source: Indianapolis Star (03/19/09)

© Copyright 2009 Information Inc.

Tuesday, March 17, 2009

Troubled Homeowners- Watch Out For Scams

Daily Real Estate News | March 16, 2009 | Share

Scammers Target Troubled Borrowers

Scam artists are proliferating, attempting to make money off troubled borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan.

The firms charge fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the home owners’ money – often more than $1,000 – and do nothing.

The Federal Reserve recently issued this advice for people seeking to modify their mortgages:

Work only with HUD-approved nonprofit counselors. (See www.hud.gov)
Don't agree to pay a fee before you are provided with the promised service.
Beware of people offering "guaranteed" results.
Don't sign blank forms or documents you haven't read.

Source: The Wall Street Journal, James R. Hagerty (03/11/2009)

Friday, March 13, 2009

High Speed Internet in Jamul

I have lived in Jamul for quite some time and one of my pet peeves has been not being able to find fast reliable internet. I started with dial-up and that as we all know is slooooooooooow and ties up the phone line. So the next step for me was Direct Way, which is now Hughes Net. This choice was better but still slow and unreliable. There were times I couldn't load a page in the time it took to get up and refill my coffee cup. I would call for service and they would always ask about the weather. This is San Diego, the weather here was not the issue.

Recently I noticed signs in the neighborhood for a new service provider. SDWISP it said would provide fast and reliable internet service. I did some research and decided to give them a call. Eric did a drive by to see if he could service my location and he could. I arranged to meet him and get set up. I still questioned that it would really work and be any better.

Well, Eric set it all up and it is awesome!!!! My speed rivals the best cable speed I get at work. It has been 2 weeks now and everything is working perfectly. I can finally enjoy being on the internet at home.

The bottom line is if you live in Jamul and are looking for highspeed internet give Eric a call and see if he can help. I am so glad I did.

visit www.SDWISP.com
or call (619) 922-6001

Wednesday, March 11, 2009

Asbestos in the Home

Asbestos Prevention for San Diego Homeowners and GREEN Choices



In the San Diego real estate industry, many additional responsibilties may arise for those purchasing homes. Renowned for a large industrial history, California’s economy has had success in areas such as ship-building, mining and power generation. These industries found many usages for asbestos, as the material has fire and heat resistant qualities.



Although asbestos exposure does not always pose health risks, it is still highly recommended that homebuyers determine if asbestos containing building materials are present. Exposure to asbestos is easily avoidable by taking simple precautions.



Potential San Diego homebuyers
or those seeking to remodel homes should be aware that homes constructed before 1980 may still contain asbestos materials. If any suspected asbestos is located, do not touch or disturb it as this can break its fibers down and make it become airborne. A professional home inspector can determine the validity of danger and determine the best course of action to take. Many green and healthy alternatives exist that replace the need for asbestos entirely.



Freqeunt exposure to asbestos may lead to the development of a rare, but sevre lung ailment known as mesothelioma. Research demonstrates that over 2,000 to 3,000 cases are diagnosed in the U.S. each year. With no mesothelioma cure, workers and real estate’s-man all over the world are now receiving the proper indications and information towards the risks they face.



If a home inspector deems the asbestos harmful, removal must be undertaken by a licensed abatement contractor. These contractors are trained in the handling and disposal of asbestos in public facilities and homes. The California Environmental Protection Agency reports many sources of naturally occurring asbestos emissions throughout the state.  Despite knowledge of the state’s asbestos problems, many communities throughout California still find themselves constructed atop asbestos deposits.



In the 21st century, there is no need to put yourselves and your families at risk at the hands of asbestos. In California, construction practices are upgrading methods to suit better lighting, heating, cooling systems and environmentally habitable insulation. The move to a greener lifestyle in San Diego is helping lead the nation in change to more energy and healthy forms of building products.



Green options such as cotton fiber, cellulose and lcynene should be given consideration as replacements to asbestos.  These options have been shown to reduce annual energy costs in the home by 25 percent.  These new environmentally-sustainable alternatives create healthier, quieter and more energy efficient homes in the 21st century.

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