Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

October 25th, 2009

New 760 Dialing Procedures Effective Now – October 24, 2009

Categories: Carlsbad, Encinitas, La Costa, La Costa Greens, La Costa Oaks, La Costa Ridge, La Jolla, Leucadia, Oceanside, San Elijo, San Marcos, Vista

Carlsbad, CA - According to the Public Utilities Commission, the amount of numbers available in the 760 area code was about to run out. In order to combat this problem, they chose to adopt an area code overlay.

Effective October 24, 2009, Full Number Dialing Will Be Required For All Local and Long Distance Calls. This will apply to land lines AND cell phones.

New Dialing Rules Checklist
Update your contact information with security and alarm companies.

• Re-program speed dial, auto dial, modems and other telephone equipment with your ten-digit number.
• Update the contact information of friends, family, neighbors, family doctor, etc.
• Start providing your area code when you give out your phone number.
• Inform family and friends of the need to dial 10 digits.

Tags: 760 Area Code Overlay

Posted by Mike and Amy Mewborn// Please leave a comment.

October 23rd, 2009

Carlsbad Village Street Fair – November 1st

Categories: Activities and Events, Carlsbad, Community Events, Oceanside

Carlsbad, CA - On Sunday, November 1st, grab the family and hop in the car (or on your bikes)
and head up to the Carlsbad Village. The Carlsbad Chamber of Commerce is partnering with Carlsbad Village businesses to host California’s largest one day street fair. Read the rest of this entry »

Tags: Carlsbad Village Street Fair

Posted by Mike and Amy Mewborn// Please leave a comment.

October 20th, 2009

Carlsbad, CA Mortgage Modifications Not as Simple as Originally Hoped

Categories: Foreclosure Prevention, Home Loans, Interest Rates, Market Trends, Sellers

Carlsbad, CA - According to CNN Money, Half a million people are now in trial modifications under the Obama administration’s mortgage rescue plan, but getting them permanent help is proving to be much more difficult.

The foreclosure prevention plan, is meant to reduce eligible borrowers’ monthly payments to no more than 31% of their pre-tax income.  In order to qualify, a homeowner must make three on-time monthly payments before they can receive a permanent modification. Read the rest of this entry »

Tags: Mortgage Modifications

Posted by Mike and Amy Mewborn// Please leave a comment.

October 19th, 2009

Carlsbad Mortgage Rates Near All Time Lows Again!

Categories: Buyers, Carlsbad, Interest Rates

Carlsbad, CA -Thirty-year, fixed-rate mortgages moved closer to the all-time low of 4.82 percent reached in May, falling to 4.87 percent this week from 4.94 percent a week ago, according to Freddie Mac.

Carlsbad home owners who refinance have an opportunity to reduce their payment on a 30-year, fixed-rate loan for $400,000 by nearly $268 a month from a year ago, when long-term rates averaged 5.94 percent.

Other mortgage averages were as follows:

• 15-year loans fell to 4.33 percent.
• Five-year adjustable-rate mortgages dropped to 4.35 percent.
• One-year ARMs rose to 4.53 percent.

Tags: Carlsbad Interest Rates

Posted by Mike and Amy Mewborn// Please leave a comment.

October 16th, 2009

Carlsbad Residents – Large Items That The Trashman Won’t Take?

Categories: Carlsbad, Communities

Carlsbad, CA – The City of Carlsbad is offering free, curbside pick up of large and bulky items too big for regular trash pick up.  Residents who want to take advantage of this service must make a reservation Oct. 20 to 27.  Items will be picked up Saturday, Nov. 7.

Some of the eligible items include: Read the rest of this entry »

Tags: Carlsbad

Posted by Mike and Amy Mewborn// Please leave a comment.

October 12th, 2009

Carlsbad Short Sales Getting Tougher

Categories: Home Loans

Due to the hassles and costs involved, more banks are not agreeing to short sales, forcing sellers to pay extra at closing or demanding a promissory note for the amount due. According First American CoreLogic, one-third of borrowers owe more on their mortgages than their properties are worth, making it more enticing for borrowers to just walk away.

When their situations were really tough, most banks preferred short sales because they were their best opportunity to get the most money back. But with an improving economy, and because the losses on many of these properties have already been written off the books, banks are increasingly reluctant to negotiate a short sale.

Today, banks demand 9.5 weeks to respond to a short-sale request, compared to 4.5 weeks a year ago, according to research firm Campbell Communications. Their reluctance is frequently stymieing sales and frustrating real estate practitioners.

Source: Based on article from Business Week – Christopher Palmeri

Tags: Carlsbad Short Sales

Posted by Mike and Amy Mewborn// Please leave a comment.

October 8th, 2009

Del Mar Real Estate Market Statistics – September 2009

Categories: Del Mar Market Trends

Del Mar, CA – Del Mar Real Estate Market Statistics – September 2009

Average Days On the Market is 118 – down from 130 days on the market in August and 130 in July.
Average selling price is $1,425,874 , up from $1,371,000 in August.
On average, Del Mar homes are selling at above 90% of listing prices.

Tags: Del Mar Market Trends

Posted by Mike and Amy Mewborn// Please leave a comment.