Picture of Zoe Munoz

Broker, BPOR, SFR, CDPE

01805266

zzbroker@aol.com

(774) 243-2753 main

760 995 4112 office

760 713-6560 mobile

Southern California Commercial & Residential Broker

Z Realty 10918 Hesperia Road Suite A1 Hesperia, CA 92345 (760) 995-4112 zrealtyteam@gmail.com

SERVICE SUNNY SOUTHERN CALIFORNIA AREAS: SAN BERNARDINO, LOS ANGELES, RIVERSIDE, ORANGE COUNTY & LOS ANGELES COUNTIES.

Meet the Z Team’s Mary Chamorro

March 10th, 2013 by Zoe Munoz

Mary Chamorro is a bilingual Realtor that has been licensed for 8 years. Mary specializes in Los Angeles County and is committed to providing her clients with exceptional service.

Mary can help you with your selling and buying needs.

Give Mary a call direct at:

Mary Chamorro Realtor
(818) 612-8196 Cell
(760) 995-4112 Office
mry_chamorro@yahoo.com

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Meet the Z team’s Chris Anspach Realtor

March 10th, 2013 by Zoe Munoz

Christopher Anspach Realtor
Real estate professional, Christopher Anspach, offers local expertise in a home market tailored to meet your needs and is dedicated to helping you make the most of all your opportunities. Using his unrelenting tenacity, strong negotiation skills and innovative ideas with bottom-line results; Christopher gives you his all, so that you can make informed decisions about your real estate investment. Christopher Anspach does not measure his success through awards received nor achievements, but through the satisfaction of his clients. When Christopher is not selling Real Estate he leads a very active lifestyle, including hiking, cycling, running, strength training, snowboarding and loves spending quality time with his family. If you’re looking to buy or sell a home in the High Desert, choose the expert with the knowledge, experience and insight necessary to achieve your goals. Christopher Anspach, is dedicated to Making Your Dreams a Reality.

Contact Chris Anspach direct
chrisanspach@ymail.com
(760) 792-7219 Cell
(760) 995-4112 Office

Z Realty
10918 Hesperia Road Suite A1
Hesperia, CA 92345
(760) 995-4112
zrealtyteam@gmail.com

The residential real estate industry has moved online

March 8th, 2013 by Zoe Munoz

cdpe-logo-res1

realtor-badge-emailfixingrealestatescape

The residential real estate industry has moved online
See All The Players Powering The Real Estate Industry Online

The residential real estate industry has moved online — real estate-related searches on Google have grown more than 250 percent in the past four years, and 90 percent of house hunters now look online, according to a recent report from the National Association of Realtors.
As a result, there are now more than 130 companies creating technology intended to make the process easier for buyers and sellers, from online brokerages to home-showing tools.
Paul Knegten of Amitree categorized these companies into a cool graphic on the company’s Fixing Real Estate blog, which you can see below (he notes that the ecosystem around mortgages is not included).
He told us that while the field is still messy, fragmented, and behind the times, the fact that companies are popping up to try and “fix” the real estate process is a positive sign.
“For the first time, there is starting to be a healthy M&A market for new startups as a result of the IPOs and growth of Trulia and Zillow,” Knegten wrote to us in an email. “This chart is going to grow and multiply as more of these deals get done, more VC funding flows into the space, and more innovation spurs real change in real estate tech.”

Fixing Real Estate
Julie Zeveloff | Mar. 7, 2013, 4:04 PM | 3,008 |

Read more: http://www.businessinsider.com/real-estate-technology-companies-chart-2013-3#ixzz2MveCfLxq

Z Realty CDPE Certified Distress Property Experts

February 12th, 2013 by Zoe Munoz

Z Realty Zoe Munoz

Z Realty Broker Zoe Munoz

Need to ease the pain of an unstable and confusing real estate market?

A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships.

Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a

 

homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too? Select an agent with the CDPE Designation to ensure you have a trained professional to address your specific needs. For more information, contact a CDPE in your area.

CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.

z

Z REALTY

CDPE

10918 Hesperia Road Suite A1

Hesperia, CA 92345

 

 

Victorville, Hesperia, Apple Valley, Oak Hills, Adelanto, Spring Valley lake and more

DO SHORT SALES REALLY GO THROUGH?

February 12th, 2013 by Zoe Munoz

z

Short sales in California surpass sales of foreclosed homes

In recent months, short sales have surpassed sales of foreclosed homes in California for the first time since the start of the housing crash in 2007, data show.

January 08, 2013|By Alejandro Lazo, Los Angeles Times

When housing prices first went off the cliff, most mortgage lenders refused to cut deals with homeowners, choosing instead to repossess homes on a grand scale.

Five years and billions of dollars in losses later, many banks can’t cut those deals fast enough, writing off large chunks of mortgage debt and even paying homeowners to move out.

In recent months, short sales — in which banks allow homeowners to sell for less than they owe — have surpassed sales of foreclosed homes in California for the first time since the start of the housing crash in 2007, according to real estate research firm DataQuick. The transactions now represent about a quarter of the market, a surge driven by rising home prices, government crackdowns on foreclosures and banks’ increasing capacity to process the deals.

Lenders have revamped short sale departments, streamlining paperwork, creating new software systems and enlisting newly formed companies as liaisons with borrowers. Some institutions are even paying homeowners sizable sums to move, similar to “cash for keys” arrangements used as an alternative to eviction in foreclosures. Bank of America pays up to $30,000 in relocation assistance for certain successful short sales. JPMorgan Chase will pay up to $35,000. Wells Fargo offers similar aid, though it declined to specify an amount.

When William Morrison asked Bank of America to approve a short sale on his Seal Beach condo, the lender obliged in October — letting him sell for about $192,000 and forgiving an additional $98,000 he owed on his mortgage, according to public records. The bank threw in enough relocation assistance to cover one month’s rent and the deposit on a new place.

“They gave me $3,000,” Morrison said. “And that is exactly what it cost me to secure a little studio apartment in Seal Beach, pretty close to the old place.”

The surge in short sales stems in part from last year’s national mortgage settlement with the nation’s five largest banks. To avoid going to court over foreclosure improprieties, the banks agreed to certain levels of debt forgiveness for underwater homeowners. Short sales count toward those commitments.

But the trend also marks a triumph of economic common sense. Short sales have long been less costly to banks than foreclosures. Homeowners often remain in a property until a new buyer is found, which helps banks avoid maintenance costs and keeps out squatters and vandals. Moreover, many buyers of foreclosures expect a discount, whereas banks aim to get market value for short sales.

“In general, short sales produce less of a loss than if the property goes through foreclosure,” Wells Fargo spokesman Gary Kishner said. “In addition, the property is usually conveyed in better condition, which ultimately benefits the neighborhood.”

On hold for months

At the height of the housing crisis, short sales seemed like a misnomer: neither short nor resulting in a sale. Homeowners waited months for a bank response to a short sale offer — often a rejection — even as banks deployed robo-signing factories to rubber-stamp foreclosures by the thousands. Properties with multiple loans proved particularly difficult to short-sell because each lender had to agree to take write-downs. Frustrated buyers moved on.

But banks now embrace the transactions, if only as a necessary evil. Ben Salem, a real estate agent for Rodeo Realty who specializes in distressed properties, has seen much of his business shift to short sales this year.

“You are seeing a lot of people from the foreclosure departments going over to short sale departments,” Salem said. “What is happening is a good thing.”

Since the crisis, major investors, including banks and government-sponsored mortgage titans Fannie Mae and Freddie Mac, have eased their rules to make short sales easier. New government programs offer more incentives to borrowers and banks, prompting lenders to work with buyers to market properties instead of waiting for offers to arrive.

Kimberly Dawson, a short sale specialist with Bank of America, said banks have simply become more adept at the transactions, which were rare before the housing bust. When a homeowner agrees to one of the bank’s proactive short sales, the bank typically makes a decision on an offer in five to 10 days, she said. And with home prices rising and inventory tight, banks can more easily approve a sale.

“What we are looking for is market value. It is obviously the best thing for our investors and the community,” Dawson said.

Forgiving debt, repairing credit

The incentives for short sales are more than just economic. Banks face a slew of new regulations after revelations of improper foreclosures based on forged or faulty paperwork. Avoiding foreclosure also means avoiding the legal hassle and expense of home repossessions.

“If you go through a short sale and a homeowner signs off on it, there is no downstream worry of litigation,” said Sean O’Toole, founder of ForeclosureRadar.

Short sales have also become more beneficial for consumers. Banks now typically approve short sales that include deficiency waivers, meaning debt is forgiven. These kinds of short sales are less harmful to credit scores, according to Fair Isaac Corp., which developed the nation’s most widely used credit-scoring formula.

For homeowners with hardships, such as job loss or illness, agreeing to a short sale means a waiting period of two years before the possibility of getting a new home loan backed by Fannie Mae or Freddie Mac, compared with three years for a foreclosure. A homeowner without such circumstances can also get a new loan two years after a short sale with a 20% down payment, compared with seven years for a foreclosure.

Leonard Roth hopes to use those two years to repair his finances so he can buy another house. He’s working with his bank to short-sell his home in Redlands because he can no longer handle the monthly payment, which doubled to $2,800 after five years because of a variable rate.

“Two years,” he said, “should give me enough time to save.”

alejandro.lazo@latimes.com

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August 15th, 2012 by Zoe Munoz

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