Pinewood Estate Home for Sale

This spacious 1872 sq. ft. Pinewood Estates Cabin has 4 bedrooms & 1.75 baths. Cabin is located on a 15,000 foot treed parcel that backs to  a seasonal stream. This Big Bear home is located in a quiet area, but still close to the lake, slopes and all that Big Bear has to offer! Extras include: 2 fireplaces & shed. Home sleeps 10 and has vacation rental seasonal history. There is also an adjacent lot that is also for sale. Buy both and have your own park!

Big Bear Home’s Features:

• Property Type: Single Family Home
• MLS Number: 2101770
• 4 Bedroom Home
• In Pinewood Estates
• Mountain View
• Central Forced Air
• Two Fireplaces
• Washer/Dryer Hookups
• Deck

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic #01340225

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• A Deed of Trust: A Deed of Trust is the security for your loan. This document that is recorded in the public records. A deed of trust contains three parties:
• The Trustor: which is the borrower
• The Trustee: which is an entity that holds “bare or legal” title
• The Beneficiary: which is the lender.
• The deed of trust is an instrument that identifies the following:
• Original loan amount: Legal description of the property being used as security for the mortgage
• The parties involved
• Inception and maturity date of the loan
• Provisions of the mortgage and requirements
• Late fees
• Legal procedures
• Acceleration and alienation clauses
• Riders, if any, regarding such clauses as prepayment penalties or terms of an adjustable rate mortgage.
• Notice of Default: Lenders file in the public records where the property is located a public notice called the Notice of Default. It states that the borrower is in default, behind in the mortgage payments, and if the payments are not paid up, the lender will seize the home. In California, lenders typically do not file a Notice of Default until the borrower is at least a minimum 60 days behind in making payments. Lenders must then wait 90 days. During that 90-day period, the borrower has the right to make up the back payments and reinstate the loan. After 90 days, the lender is required to publish a notice in the newspaper for 20 days and then may sell the property to the highest acceptable bidder on the courthouse steps. If no acceptable bid is received, the trustee then conveys the property to the lender. These figures are at the earliest dates.
• Deed-in-Lieu of Foreclosure: A potential option taken by a mortgagor (a borrower) to avoid foreclosure under which the mortgagor deeds the collateral property (the home) back to the mortgagee (the lender) in exchange for the release of all obligations under the mortgage. More of these deeds are being processed in 2009 and 2010.
• Foreclosure: Legal proceeding by which a borrower’s rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. The lender may then declare the entire debt due and owing and may seek to satisfy it by foreclosing. Foreclosure is commonly by a court-decreed sale of the property to the highest bidder, who is often the lender.

As we all know, foreclosures continue to be in the news and continue to dominate the market in 2010 and will continue in 2011. This means that REALTORS, struggling homeowners, and potential buyers need to have information about the process and terms of foreclosure in order to make important decisions about the sale or purchase of a property or maybe even trying to stop a foreclosure before in the early stages.

There are many more thoughts you may have when you receive information by phone or mail about foreclosures so contact me to discuss and I will be happy to help you in any way I can.

Danny Dominguez
Windermere Real Estate

Charming Cabin in Big Bear

Charming cabin in the woods. Walk to lake and village. One block to the national forest less than a mile to the slopes. Cabin has been renovated with lodge fee and looks good both exterior and exterior cabin comes particularly furnished. Cabin has wood floors, mud room, garage washer/dryer, native rock fireplace, loft bedroom and one bedroom downstairs have closets. Cabin is rare and one-of-a-kind.

Big Bear Lake Cabin’s Features:

• Property Type: Single Family Home
• MLS Number: 2101626
• 3 BD, 1 BA
• Two Story
• Two Car, Detached Garage
• Boat Storage Outside
• Fireplace
• Deck
• Dual Pane Windows
• Mountain View
• View National Forest

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic #01340225

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Meadowbrook Lot for Sale in Erwin Lake

Mountain views can be yours from this beautiful treed level estate sized parcel in very prestigious Meadowbrook!  Build your mountain home in this very desirable area that has underground utilities, close to national forest and easy access all year long. Parcel is surrounded by million dollar homes and is on sunny side of the street. Perfect site for a fabulous log home.

Big Bear Lot’s Features:

• Property Type: Land
• MLS Number: 2101262
• Acres: 1.290
• In Meadowbrook Community
• Mountain View
• View National Forest

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic#01340225

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One Acre Lot with Panoramic Forest & Mountain Views!

Level Buildable 1 acre parcel with 360 degree panoramic national forest and mountain views. Owner may carry. Easy access, mature trees and plenty of room for horses too! Street to street lot. Parcel number to be determined in escrow. Great price for an acre of land!  Call for details.

Big Bear Lot Features:

• Property Type: Land
• MLS Number: 2101092
• Lake View, Mountain Views & Ski Slope Views
• Fronts Street
• Boat Storage Outside

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic #01340225

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If you are either in the process of buying or selling a foreclosure property, understanding the basic terms will help you ask appropriate questions of your REALTOR, the escrow officer, the lender or other parties involved in this real estate  transaction.  This can expedite the timeframe of the process for everyone involved including you.
Below are some of the most common terms used in connection with the foreclosure process:
A Deed of Trust: A Deed of Trust is the security for your loan.  It is the formal document that is recorded in the public records.

A deed of trust contains three parties:
The Trustor, which is the borrower
The Trustee, which is an entity that holds “bare or legal” title
The Beneficiary, which is the lender

The deed of trust is an instrument that identifies the following:

Original loan amount

Legal description of the property being used as security for the mortgage

The parties involved

Inception and maturity date of the loan

Provisions of the mortgage and requirements

Legal procedures

Late fees

Acceleration and alienation clauses
Riders, if any, regarding such clauses as prepayment penalties or terms of an adjustable rate mortgage
Notice of Default:Lenders file in the public records where the property is located a public notice called the Notice of Default. It states that the borrower is in default, behind in the mortgage payments, and if the payments are not paid up, the lender will seize the home. In California, lenders typically do not file a Notice of Default until the borrower is at least 60 days behind in making payments. Lenders must then wait 90 days. During that 90-day period, the borrower has the right to make up the back payments and reinstate the loan. After 90 days, the lender is required to publish a notice in the newspaper for 20 days and then may sell the property to the highest acceptable bidder on the courthouse steps. If no acceptable bid is received, the trustee then conveys the property to the lender. Most of these dates are at the earliest allowable time frames.
Deed-in-Lieu of Foreclosure :A potential option taken by a mortgagor (a borrower) to avoid foreclosure under which the mortgagor deeds the collateral property (the home) back to the mortgagee (the lender) in exchange for the release of all obligations under the mortgage. Many lenders are moving in this direction in 2010.
Foreclosure: Legal proceeding by which a borrower’s rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. The lender may then declare the entire debt due and owing and may seek to satisfy it by foreclosing. Foreclosure is commonly by a court-decreed sale of the property to the highest bidder, who is often the lender.
As we all know, foreclosures continue to be in the news and continue to dominate the market in 2010 and will continue in 2011. This means that REALTORS, struggling homeowners, and potential buyers need to have information about the process and terms of foreclosure in order to make important decisions about the sale or purchase of a property.

So if you receive any letters, phone calls or read any information about foreclosures please do not hesitate to contact me to discuss your options when buying or selling. As you can see the sooner you make a decision about buying or selling a foreclosure the better off you can be in this struggling market.

Danny Dominguez

Windermere Real Estate

Many homeowners are not aware that a Short Sale has less serious consequences for the homeowner than a foreclosure.

For example, a homeowner who loses a home to Foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years as opposed to a Short Sale which makes them ineligible for only 2 years. Investors are ineligible for 7 years compared to 2 years.

In addition, a Foreclosure will typically lower your credit score anywhere from 250 to over 300 points and will affect your credit score for over 3 years. A Short Sale will typically lower your credit score as little as 50 points if all other payments are being made and will affect the homeowner for as little as 12 to 18 months. (this is a big difference)

Foreclosure remain as a public record on a person’s credit history for 10 years or more. A Short Sale is not reported on a credit history. The loan is typically reported “paid in full, settled.” Owners should always check their credit report and creditor’s.

Homeowners (and many Realtors) do not understand Short Sales and are mainly interested in the consequences to their credit and their life.

We advise them to do a Short Sale … IF THEY QUALIFY. It’s not a “get out of my mortgage free card,” though. A homeowner must be able to demonstrate a verifiable hardship such as a job loss, death in the family, mortgage rate adjusting to the point they cannot afford it, illness etc. But, there is no point in listing a home as a Short Sale if the bank will not agree to it. The homeowner CANNOT have assets that could be used to pay the mortgage.

Most problems with Short Sales stem from Realtors who are not familiar with them. For example, a smart Realtor will only present ONE offer to the bank – the highest and the best. You must present all the rest of the offers to the Seller but you present only ONE offer to the bank. You also need to present a COMPLETE package to the bank.

For additional information, you can contact Angie or Danny Dominguez at Windermere Real Estate to further discuss your options when considering selling.

Warm regards,

Angie and Danny Dominguez

909 838-9037 direct

10  Great reasons why to stage your home...

1. Historically homes tend to sell in fewer days on the market when staged by professional.

Home for Sale One Block from Lake & Village!

One block to the lake and village from this very charming cabin that has been completely renovated and comes furnished. 2 bedroom, 2 bath. Cabin has master bedroom, wood plank floors, dual pane windows, knotty interior and vaulted ceilings. This home also has large deck and patio to enjoy. Wood fence in Backyard. Can be a great vacation rental or getaway for the family.

Big Bear Lake Cabin’s Features:

• Property Type: Single Family Home
• MLS Number: 2100917
• Trees Views
• One Fireplace
• Central Forced Air
• Patio
• Deck – Fenced Partial
• Washer/Dryer hookup
• Natural Gas Heat
• Dual Pane Windows

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic#01340225

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Unique Land Opportunity – Incredible Views!

Unique opportunity – Incredible Views from this Government Land Lease site of lake, mountains & Forest! Plans Included.  Contact listing agent for more information.

Lake View Cabin’s Features:

• Property Type: Government Lease Land
• MLS Number: 2100911
• Lakeview, Mountain Views & Ski Slope Views, Views of Nat’l Forest
• Adjoins National Forest, Fronts Forest

Listing Agent: Danny Dominguez, Windermere Real Estate, DRE Lic# 01340225

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