Archives for July 2010

Smoke Detectors Save Lives!

 

As you know, being a homeowner is a big responsibility. There are myriad things to tend to and, often, some of the little—yet important—things get pushed aside. From time to time, I will write to remind you about some of these little, important things. For example:

Have you checked the batteries in your smoke detector recently? Fire marshalls say that almost all fire-related deaths can be avoided by a working smoke detectors. A good rule of thumb is to change your batteries twice a year—in the spring and fall when you re-set your clocks.

That way your smoke detector will always run like clockwork! And your family will always be protected.

So, remember to check your batteries and, in the meantime, if you have questions about any “little thing,” or if you have a friend or a relative who needs my professional assistance, just give me a call. I’ll be glad to answer any questions that I can.

On Your Team,

Kurt M. Galitski

The Kurt Real Estate Goup

Vice President, Weichman Associates- Realtors

877-957-6677

Ca. Broker #1348644

Whether you’re looking for your dream home or a bargain in a Costa Mesa Foreclosure, REO, Short Sale, Distressed Property, or a new vacation home in one of the many coastal  / beach  cites such as  Newport Beach, Huntington Beach, and Laguna Beach or simply dreaming of a new home in Orange County California, KurtRealEstate.com has it all!

In addition to his work in real estate, Kurt has earned a reputation as an active member of his Costa Mesa community. In addition to serving as chairman of Costa Mesa’s Parks and Recreation and a liaison to the Newport School Board, he is a board member of Costa Mesa United and the Costa Mesa Youth Sports Council, and a member of the Tewinkle Sports Facilities Master Plan Committee.

With an industry known for its proverbial ups and downs, Costa Mesa real estate professional Kurt Galitski offers his clients a constant level of exceptional service: he stays abreast of changes and trends, seeks out opportunities, and makes it a priority to give his customers nothing less than the highest quality of care. He’s living the good life, and Kurt’s mission is to help others do the same. Contact Him Today

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Costa Mesa Real Estate Update- HAFA Ushers Record Number of Foreclosure Sale Cancellations in California

A real good article and insight into what is currently happening in today’s market

by JON PRIOR

Tuesday, July 13th, 2010, 2:41 pm

Lenders are canceling more foreclosure sales in California than ever before, and new financial and political demand for short sales could be the culprit.

Lenders canceled nearly 22,000 California foreclosure sales in June, driven mostly by JPMorgan Chase (JPM: 40.35 -0.32%). It’s a 27% increase from May, a 153% growth from a year ago, and an all-time high, according to ForeclosureRadar, which tracks foreclosures in the state.

Foreclosure sales can be canceled for successful loan modifications, short sales, a legal requirement, or even a filing error. In terms of strategy, a spokesperson for JPMorgan Chase said the bank has not made any policy shifts to cancel more foreclosure sales.

According to ForeclosureRadar, a certain number of the cancellations can be attributed to pending modifications and short sales, but homeowners and real estate agents have complained to the company of sales that were canceled without either.

“We have seen a shift over the last couple of months where homeowners want this process to be over and they want to start to rebuild,” said a spokesperson for ForeclosureRadar.

Researchers at the company received varying answers as to why the cancellations are up. The best answer came from one unnamed REO professional. According to the source, the Home Affordable Foreclosure Alternatives (HAFA) program had the most to do with the cancellations. The Treasury Department launched HAFA in April to provide incentives to servicers for conducting short sales and deeds-in-lieu of foreclosure to homeowners who fail the Treasury’s Home Affordable Modification Program (HAMP).

“Now that servicers have systems in place to administer the program they are removing delinquent loans from the foreclosure pipeline to allow a reasonable short sale time period,” the source told ForeclosureRadar. “Predictably (also my opinion) the period would be expiring just after the November elections so there would be less political blowback as those properties that don’t conclude with a successful short sale are taken to foreclosure and ultimately, REO.”

After foreclosure activity dropped across the board in May, new foreclosure notices increased 6.7% in June, and notices of trustee sale jumped 21%. In fact, notices of trustee sales have outnumbered preliminary notices of default for the past four months. The gap really widened in June, when there were almost 9,000 more notices of trustee sale.

But this trend could become the norm as banks have to restart more foreclosures than they initiate.

“Historically it is very unusual to have more Notice of Trustee Sale filings than Notices of Default” says Sean O’Toole, founder and CEO of ForeclosureRadar. “But with skyrocketing cancellations and the possibility of failing loan modifications, this will be increasingly common, as lenders are only required to file a Notice of Trustee Sale to restart the foreclosure process.”

Lenders pushed 23% fewer properties into REO status in June and 46% less than a year ago. The amount of properties that have received a notice of default but have not yet been scheduled for sale increased 8.8% in June, but further along the foreclosure pipline, inventory remains constricted. The amount properties scheduled for sale dropped 1%, and REO inventory declined 4.8% in June.

On Your Team,

Kurt M. Galitski

The Kurt Real Estate Goup

Vice President, Weichman Associates- Realtors

877-957-6677

Ca. Broker #1348644

Whether you’re looking for your dream home or a bargain in a Costa Mesa Foreclosure, REO, Short Sale, Distressed Property, or a new vacation home in one of the many coastal  / beach  cites such as  Newport Beach, Huntington Beach, and Laguna Beach or simply dreaming of a new home in Orange County California, KurtRealEstate.com has it all!

In addition to his work in real estate, Kurt has earned a reputation as an active member of his Costa Mesa community. In addition to serving as chairman of Costa Mesa’s Parks and Recreation and a liaison to the Newport School Board, he is a board member of Costa Mesa United and the Costa Mesa Youth Sports Council, and a member of the Tewinkle Sports Facilities Master Plan Committee.

With an industry known for its proverbial ups and downs, Costa Mesa real estate professional Kurt Galitski offers his clients a constant level of exceptional service: he stays abreast of changes and trends, seeks out opportunities, and makes it a priority to give his customers nothing less than the highest quality of care. He’s living the good life, and Kurt’s mission is to help others do the same. Contact Him Today

Posted via email from The Kurt Real Estate Group

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Do Home Improvements Pay Off?

During my years in real estate, I’ve seen cases where homeowners made home improvements assuming they’d recoup their investment when they sold, only to find that the improvements didn’t increase their home’s market value, and even decreased it.

How could this be? Well, there are many variables involved in how home improvements affect market value. Some relate to the quality of the improvements, while others relate to an individual owner’s tastes and needs. For instance, remodeled kitchens and added bathrooms usually generate a good return. However, a new swimming pool that means a lot to one owner often makes a property less saleable generally, and so decreases its market value.

So if you’re thinking of renovating or adding on to your home, you’re welcome to give me a call first. From experience, I can help you determine how the improvements are likely to affect your home’s market value, so you can develop a strategy that gives you the results you want.

All that said, while I understand you probably won’t be selling your home anytime soon, if you hear that any family or friends are considering a move, please call or email me.

On Your Team,

Kurt M. Galitski

The Kurt Real Estate Goup

Vice President, Weichman Associates- Realtors

877-957-6677

Ca. Broker #1348644

Whether you’re looking for your dream home or a bargain in a Costa Mesa Foreclosure, REO, Short Sale, Distressed Property, or a new vacation home in one of the many coastal  / beach  cites such as  Newport Beach, Huntington Beach, and Laguna Beach or simply dreaming of a new home in Orange County California, KurtRealEstate.com has it all!

In addition to his work in real estate, Kurt has earned a reputation as an active member of his Costa Mesa community. In addition to serving as chairman of Costa Mesa’s Parks and Recreation and a liaison to the Newport School Board, he is a board member of Costa Mesa United and the Costa Mesa Youth Sports Council, and a member of the Tewinkle Sports Facilities Master Plan Committee.

With an industry known for its proverbial ups and downs, Costa Mesa real estate professional Kurt Galitski offers his clients a constant level of exceptional service: he stays abreast of changes and trends, seeks out opportunities, and makes it a priority to give his customers nothing less than the highest quality of care. He’s living the good life, and Kurt’s mission is to help others do the same. Contact Him Today

Posted via email from The Kurt Real Estate Group

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With over 80% of all Costa Mesa home searches beginning on the internet, you need Kurt Galitski

Over the years, one quality that’s distinguished me from many other real estate agents and brokers in Costa Mesa and Orange County  is that I’ve always tried to find new and better ways to perform the same tasks.

 

In one sense, this has meant improving my people skills, while in another it’s meant continually upgrading my real estate education and extending my professional network, so I can provide my clients with comprehensive services. 

 

One main area, however, where I’ve found better methods of working is through the application of the latest high-tech advances, which enable me to do everything I’ve always done, only much more quickly and efficiently. They let me provide my clients with up-to-date information, and they’re also helping me to optimize my time. In addition, I’ve found that the Internet has enabled me to broaden the range of services I offer and provide unprecedented convenience to my clients. With over 80% of all home searches beginning on the internet, I have created a very successful marketing strategy that gets your home on all of the following websites in a matter of minutes.

 

 

  

So while we are working towards selling homes in the fastest and most efficient way, this strategy will also bring you the most exposure; ultimately bringing you the highest price possible for your home. if you hear that any family, friends or neighbors that are also interested in moving, please call or email me any time. I promise to provide the best of both worlds — state-of-the-art resources and state-of-the-heart committed, quality service! Thanks again.

 

On Your Team,

Kurt M. Galitski

The Kurt Real Estate Goup

Vice President, Weichman Associates- Realtors

877-957-6677

Ca. Broker #1348644

Whether you’re looking for your dream home or a bargain in a Costa Mesa Foreclosure, REO, Short Sale, Distressed Property, or a new vacation home in one of the many coastal  / beach  cites such as  Newport Beach, Huntington Beach, and Laguna Beach or simply dreaming of a new home in Orange County California, KurtRealEstate.com has it all!

In addition to his work in real estate, Kurt has earned a reputation as an active member of his Costa Mesa community. In addition to serving as chairman of Costa Mesa’s Parks and Recreation and a liaison to the Newport School Board, he is a board member of Costa Mesa United and the Costa Mesa Youth Sports Council, and a member of the Tewinkle Sports Facilities Master Plan Committee.

With an industry known for its proverbial ups and downs, Costa Mesa real estate professional Kurt Galitski offers his clients a constant level of exceptional service: he stays abreast of changes and trends, seeks out opportunities, and makes it a priority to give his customers nothing less than the highest quality of care. He’s living the good life, and Kurt’s mission is to help others do the same. Contact Him Today

Posted via email from The Kurt Real Estate Group

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Earthquake rolls and rocks Costa Mesa

Did you feel it? A small but noticeable earthquake hits Costa Mesa just a few minutes before 5pm

On Your Team,

 

Kurt M. Galitski

The Kurt Real Estate Goup

Vice President, Weichman Associates- Realtors

877-957-6677

Ca. Broker #1348644

Whether you’re looking for your dream home or a bargain in a Costa Mesa Foreclosure, REO, Short Sale, Distressed Property, or a new vacation home in one of the many coastal  / beach  cites such as  Newport Beach, Huntington Beach, and Laguna Beach or simply dreaming of a new home in Orange County California, KurtRealEstate.com has it all!

In addition to his work in real estate, Kurt has earned a reputation as an active member of his Costa Mesa community. In addition to serving as chairman of Costa Mesa’s Parks and Recreation and a liaison to the Newport School Board, he is a board member of Costa Mesa United and the Costa Mesa Youth Sports Council, and a member of the Tewinkle Sports Facilities Master Plan Committee.  

With an industry known for its proverbial ups and downs, Costa Mesa real estate professional Kurt Galitski offers his clients a constant level of exceptional service: he stays abreast of changes and trends, seeks out opportunities, and makes it a priority to give his customers nothing less than the highest quality of care. He’s living the good life, and Kurt’s mission is to help others do the same. Contact Him Today 

Posted via email from The Kurt Real Estate Group

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