PORTOLA HILLS LIVING by Kelly Turbeville

The answers lie within the fact that your home, yes is an aspect of financial security, but more importantly represents a life! So as with any loss, comes profound sadness and high anxiety. Many are living in quiet desperation, realizing that something has to give, but loosing your home, represents more then moving, so we try to hold on. Trying to deal with increased Interest Rates or Monthly Payments, Negative Equity, Lower Property Values, looming Mortgage Resets, living on Credit to make ends meet and it all becomes a vicious cycle. So where do you turn, many decide just to walk away. Others search for answers, realizing loosing their home is more then just finding a new place to live rather the need to take a positive step towards rebuilding security. There is a light at the end of the tunnel. Help is out there and you might be a perfect candidate for a Loan Modification through Loss Mitigation. What is Loss Mitigation? It allows for Negotiations on your behalf with y

Our very own, David Salas from Portola Hills is Producing a new Artist Amanda Kate, check it out. Hi Everyone, I just wanted to let you know that David is having a big show on Sat., Sept. 27 @ 9 p.m. @ the Blue Cafe in Long Beach. I believe if you get pre-sell tickets through David it's $8. Otherwise, it's $10 at the door. I hope you all can make it to support Dave and his new artist, Amanda Kate! CD's will be available at the show! See You there! http://www.bandcast.biz/

I am pleased to announce that after careful consideration, I will be offering a new service Mortgage Review for my clients. Throughout the past year, I have been asked by our valuable clients on what is the best move with their mortgage and have been happy to provide directions. With the current market conditions the number of short sales and foreclosures have increased and this makes me sad. I hate seeing the first response this crises, I guess we will need short sales or foreclose or the feeling of frustration when you call your lender and get no help. So in response I have decided to include as one of my services the option of Loan Modification and have aligned my self with a company who has great success in just that. Our goal is to save your home ! If you currently have negative equity, worried about your loan being reset, see trouble on the horizon and would like to KEEP YOUR HOME, then we may be able to help. As always my goal and service pledge is to understand your

Below I posted a new listing and wanted to do a quick update. The home has gone into escrow and it just goes to show how much the market is changing . No doubt this was deal, just a couple of weeks before the same model closed escrow at $420k. But was is key here is when the home was placed on the market. After it was bank owned and approved. Nice for the sellers, instant equity when in these days it is hard to come by!

Great condo available, 3 bed/ 3 bath and ready to move in has come on the market and it is a steal. Same model just closed escrow at $420k. Check it out!

New On the Market 18994 Canyon Tree 2 bed/1 bath/975 sq.ft. $279,000 18895 Canyon Smt. 2 bed/2 bath/1050 sq.ft. $335,000 28504 Sorano Cove 3 bed/3 bath/1205 sq.ft. $340,000 28886 Canyon Rim 2 bed/ 2.5 bath/ 971 sq.ft. $375,000 28732 Vista Santiago 4 bed/ 3 bath/1731 sq.ft. $529,000 18856 Vista Portola 3 bed/3 bath/1623 sq.ft. $549,900 19631 Highridge Way 4 bed/4.5 bath/3100 sq.ft. $899,900 Sold Properties 28896 Canyon Hts. 2 bed/2 bath/1038 sq.ft. $279,000 18946 Canyon Smt. 3 bed/2 bath/1130 sq.ft. $299,000 28361 Pueblo Drive 2 bed/2 bath/1051 sq.ft. $300,000 28651 Pendleton 3 bed/3 bath/1561 sq.ft. $425,000- Someone got a deal! 19394 Highridge Way 3 bed/3 bath/2160 sq.ft. $520,000 - Another Steal 19592 Highridge Way 2 bed/3 bath/1891 sq.ft. $533,000 28563 Malabar Rd. 5 bed/4 bath/2821 sq.ft. $689,000 - Finally! Just Listed: 4 bed/3 bath/2100 sq.ft. Mission Viejo Monterrey Masters Single Level on a 15,000 sq.ft. lot – Priced to sell $749,000 This floorplan rarely comes available.

A quick look at the new Housing Bill signed into law today! A temporary increase in mortgage revenue bonds to refinance subprime mortgages. L enders would write down qualified mortgages to 85% of the current appraised value and qualified borrowers would get a new FHA 30-year fixed mortgage at 90% of appraised value . Borrowers would have to share 50% of all future appreciation with FHA. The loan limit for this program is $550,440 nationwide. Permanent Conforming loan limit of $625,000 First-time home buyer tax credit , which allows first-time home buyers to receive a tax refund worth up to 10 percent of a home’s purchase price, up to a maximum of $7,500. The refund serves as an interest-free loan and the homeowner is required to repay it in equal installments over 15 years. New regulator for Government Sponsored Enterprises to restore investor confidence in GSE loans and help the market and economy stabilize. Temp