[SD Squatter]

Yet another strange transaction in 92124:

http://www.redfin.com/CA/San-Diego/11292-Promesa-Dr-92124/home/4990628


Jun 06, 2012 Listed (Active) $609,000 -- SANDICOR #120028842
Feb 29, 2012 Sold (Public Records) $423,000 -5.1%/yr
Aug 29, 2011 Sold (Public Records) $403,750 --
This home was foreclosed and bank-owned.


Foreclosed and bank-owned in August 2011, then magically sold half a year later with not a day on the market (insider’s deal?). Now back on the market at 30% premium?

[SD Squatter]

“Has potential”

http://www.sdlookup.com/Pictures-120023934

Based on description, the realtor also seems to suffer from exotic fruit trees spelling nightmares.

[SD Squatter]

Another Clairemont beauty with everything you need for the rest of your life, including a “bubbling” jacuzzi and a camper.

Enjoy:
http://www.sdlookup.com/Pictures-120011643

[SD Squatter]

More goodies from your friendly government (from the article):

In addition to the Unemployment Mortgage Assistance Program and the Mortgage Reinstatement Assistance Program, Keep Your Home California also offers a Principal Reduction Program that will lower the amount owed on mortgages by as much as $50,000 in an effort to achieve affordable monthly payments for the homeowner. The Principal Reduction Program requires the mortgage servicer to match the amount on a dollar-per-dollar basis, so the maximum benefit to a homeowner could be a $100,000 reduction in principal.
A fourth program, the Transition Assistance Program, provides as much as $5,000 in relocation costs for homeowners who have decided to transition out of homeownership through a mortgage servicer-approved short sale or deed-in-lieu of foreclosure.

[SD Squatter]

[quote=patientrenter]
Homeowners are a majority of voters. A voting majority can vote themselves a lot of goodies. An awful lot.[/quote]

Yes! More goodies are already coming from Dodd-Frank:

http://piggington.com/hud_to_roll_out_emergency_loan_program_for_unemployed_quothomeow

[SD Squatter]

[quote=patientrenter]
Homeowners are a majority of voters. A voting majority can vote themselves a lot of goodies. An awful lot.[/quote]

Yes! More goodies are already coming from Dodd-Frank:

http://piggington.com/hud_to_roll_out_emergency_loan_program_for_unemployed_quothomeow

[SD Squatter]

[quote=patientrenter]
Homeowners are a majority of voters. A voting majority can vote themselves a lot of goodies. An awful lot.[/quote]

Yes! More goodies are already coming from Dodd-Frank:

http://piggington.com/hud_to_roll_out_emergency_loan_program_for_unemployed_quothomeow

[SD Squatter]

[quote=patientrenter]
Homeowners are a majority of voters. A voting majority can vote themselves a lot of goodies. An awful lot.[/quote]

Yes! More goodies are already coming from Dodd-Frank:

http://piggington.com/hud_to_roll_out_emergency_loan_program_for_unemployed_quothomeow

[SD Squatter]

[quote=patientrenter]
Homeowners are a majority of voters. A voting majority can vote themselves a lot of goodies. An awful lot.[/quote]

Yes! More goodies are already coming from Dodd-Frank:

http://piggington.com/hud_to_roll_out_emergency_loan_program_for_unemployed_quothomeow

[SD Squatter]

CalHFA definition of “low and moderate income homeowners”:

Q: How do I know if I will be eligible for one of the Keep Your Home California programs?

A: You may be eligible for a Keep Your Home California program if you meet the following criteria:

* Own and occupy a one to four-unit home located in California.
* Your original loan amount is equal to or less than:
o $729,750 – one unit
o $934,200 – two units
o $1,129,250 – three units
o $1,403,400 – four units
* Have a first lien mortgage that was originated on or before January 1, 2009.
* Have a monthly mortgage payment (including taxes, insurance and homeowners association dues) greater than 31% of your monthly gross (pre-tax) income.
* Have a mortgage payment that is not affordable due to a financial hardship that can be documented and meets hardship qualifications such as loss of job, disability, illness, or divorce.

If you answered YES to all of these questions, you may be eligible for a Keep Your Home California program in California.

Taken from:

http://www.keepyourhomecalifornia.org

There is a maximum benefit cap of $50,000 per qualifying household, although with matching lender funds, the maximum per household would result in $100,000 in assistance.

Thank you America, our struggling banks, struggling wall street, and strugging flippers appreciate your generosity.

Thank you.

[SD Squatter]

CalHFA definition of “low and moderate income homeowners”:

Q: How do I know if I will be eligible for one of the Keep Your Home California programs?

A: You may be eligible for a Keep Your Home California program if you meet the following criteria:

* Own and occupy a one to four-unit home located in California.
* Your original loan amount is equal to or less than:
o $729,750 – one unit
o $934,200 – two units
o $1,129,250 – three units
o $1,403,400 – four units
* Have a first lien mortgage that was originated on or before January 1, 2009.
* Have a monthly mortgage payment (including taxes, insurance and homeowners association dues) greater than 31% of your monthly gross (pre-tax) income.
* Have a mortgage payment that is not affordable due to a financial hardship that can be documented and meets hardship qualifications such as loss of job, disability, illness, or divorce.

If you answered YES to all of these questions, you may be eligible for a Keep Your Home California program in California.

Taken from:

http://www.keepyourhomecalifornia.org

There is a maximum benefit cap of $50,000 per qualifying household, although with matching lender funds, the maximum per household would result in $100,000 in assistance.

Thank you America, our struggling banks, struggling wall street, and strugging flippers appreciate your generosity.

Thank you.

[SD Squatter]

CalHFA definition of “low and moderate income homeowners”:

Q: How do I know if I will be eligible for one of the Keep Your Home California programs?

A: You may be eligible for a Keep Your Home California program if you meet the following criteria:

* Own and occupy a one to four-unit home located in California.
* Your original loan amount is equal to or less than:
o $729,750 – one unit
o $934,200 – two units
o $1,129,250 – three units
o $1,403,400 – four units
* Have a first lien mortgage that was originated on or before January 1, 2009.
* Have a monthly mortgage payment (including taxes, insurance and homeowners association dues) greater than 31% of your monthly gross (pre-tax) income.
* Have a mortgage payment that is not affordable due to a financial hardship that can be documented and meets hardship qualifications such as loss of job, disability, illness, or divorce.

If you answered YES to all of these questions, you may be eligible for a Keep Your Home California program in California.

Taken from:

http://www.keepyourhomecalifornia.org

There is a maximum benefit cap of $50,000 per qualifying household, although with matching lender funds, the maximum per household would result in $100,000 in assistance.

Thank you America, our struggling banks, struggling wall street, and strugging flippers appreciate your generosity.

Thank you.

[SD Squatter]

CalHFA definition of “low and moderate income homeowners”:

Q: How do I know if I will be eligible for one of the Keep Your Home California programs?

A: You may be eligible for a Keep Your Home California program if you meet the following criteria:

* Own and occupy a one to four-unit home located in California.
* Your original loan amount is equal to or less than:
o $729,750 – one unit
o $934,200 – two units
o $1,129,250 – three units
o $1,403,400 – four units
* Have a first lien mortgage that was originated on or before January 1, 2009.
* Have a monthly mortgage payment (including taxes, insurance and homeowners association dues) greater than 31% of your monthly gross (pre-tax) income.
* Have a mortgage payment that is not affordable due to a financial hardship that can be documented and meets hardship qualifications such as loss of job, disability, illness, or divorce.

If you answered YES to all of these questions, you may be eligible for a Keep Your Home California program in California.

Taken from:

http://www.keepyourhomecalifornia.org

There is a maximum benefit cap of $50,000 per qualifying household, although with matching lender funds, the maximum per household would result in $100,000 in assistance.

Thank you America, our struggling banks, struggling wall street, and strugging flippers appreciate your generosity.

Thank you.

[SD Squatter]

CalHFA definition of “low and moderate income homeowners”:

Q: How do I know if I will be eligible for one of the Keep Your Home California programs?

A: You may be eligible for a Keep Your Home California program if you meet the following criteria:

* Own and occupy a one to four-unit home located in California.
* Your original loan amount is equal to or less than:
o $729,750 – one unit
o $934,200 – two units
o $1,129,250 – three units
o $1,403,400 – four units
* Have a first lien mortgage that was originated on or before January 1, 2009.
* Have a monthly mortgage payment (including taxes, insurance and homeowners association dues) greater than 31% of your monthly gross (pre-tax) income.
* Have a mortgage payment that is not affordable due to a financial hardship that can be documented and meets hardship qualifications such as loss of job, disability, illness, or divorce.

If you answered YES to all of these questions, you may be eligible for a Keep Your Home California program in California.

Taken from:

http://www.keepyourhomecalifornia.org

There is a maximum benefit cap of $50,000 per qualifying household, although with matching lender funds, the maximum per household would result in $100,000 in assistance.

Thank you America, our struggling banks, struggling wall street, and strugging flippers appreciate your generosity.

Thank you.

[SD Squatter]

I didn’t know “low and moderate income homeowners” include those owning mortgages up to $729,750. Am I missing something, or did I miss-out on the “American Dream”?

[Author]

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