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About Chula Vista's Eastlake

Chula Vista Homes Affordable Again

Mike Lewis                               San Diego Realtor: Real Estate Agent in San Diego, CA

Chula Vista Homes Affordable Again

The first home I bought in San Diego County was in Chula Vista in EastLake Greens. It was in the lat 90's about 10 years ago. I thought at first that the commute to Eastern EastLake Trails Community PoolChula Vista was too far and I wasn't sure if I wanted to make the commute to work every day. I looked in many other areas of San Diego County but couldn't find a better value for my money than a home in EatLake. It could have been any one of the many EastLakes or Otay Ranch or Rolling Hills Ranch. They were all up and coming communities in Chula Vista and they were priced very affordably. One of the things I really liked about the EastLake Community were the parks and community design that was very friendly to walking, jogging and biking with many open space areas. The community pools were incredible for a mere $75 a month HOA fee.

The first home that I bought in EastLake Greens was under $200,000 in the late 1990's and in the peak of the San Diego Real Estate Boom of around 2005-2006 time frame they were selling at about $550,000. EastLake Woods Community PoolThat's a huge jump in a short period of time. Now that same floor plan is on the market for $320,000 and has the potential to drop even further. The silver lining to all this is that Chula Vista is affordable again and that has many buyers flocking to the area to buy a home or condo again. EastLake has been voted the Best Master Planned Community in all of San Diego County for 10 years strait. When buyers visit the EastLake area of Chula Vista they fall in love with it.

Chula Vista started out as an affordable community in San Diego County and is affordable again. If you are interested in buying a home in Chula Vista, EastLake, Otay Ranch, Rolling Hills Ranch, San Miguel Ranch, Bella Lago, Windingwalk, Sunbow or any of the other Chula Vista Communities call us right away. There are many foreclosures for sale at steep discount prices.

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Posted in San Diego New Homes, Windingwalk, San Diego MLS, San Diego House Values, San Diego Real Estate Blog, San Diego Foreclosures, Sunbow, San Miguel Ranch, South Bay, San Diego Real Estate, Chula Vista, EastLake, Rolling Hills, Otay Ranch, Blogroll

Foreclosures in EastLake CA

Mike Lewis                               San Diego Realtor: Real Estate Agent in San Diego, CA

Foreclosures in EastLake CA

In EastLake there are many foreclosures for sale in zip 91913, 91914 and 91915. Bank owned properties or REO's in EastLake, Chula Vista are filling the San Diego MLS with reduced priced homes. EastLake home and condo buyers wanting to buy a home or condo in EastLake can take their pick. There are many Chula Vista homes and condos already foreclosed on by theKeys to your San Diego Foreclosure bank or mortgage holder and many more foreclosures are on the way. We have helped many EastLake home buyers buy a foreclosure and most have saved thousands and even tens of thousands buying a foreclosed home or condo.

Buying foreclosures in EastLake, Chula Vista is really easy. As long as you have someone knowledgeable to show you where and what to look for and to help you negotiate the best price and terms you can find your next home at bottom barrel pricing. That's what we do. We're EastLake, Chula Vista Real Estate Experts and can show you bargains you wouldn't believe are available in EastLake. Southern California, especially San Diego County including EastLake is one of the most sought after real estate markets to own real estate in. Whether you want a home or condo to live in or invest in we have some deals in this Chula Vista real estate market that are unprecedented. If you're a first time homebuyer in Chula Vista don't buy full price let us show you how to buy a foreclosure.

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Posted in EastLake, San Diego Foreclosures, Chula Vista, South Bay, San Diego Real Estate, Blogroll

Chula Vista Homes 91915 EastLake and Windingwalk Hit Low

Mike Lewis                               San Diego Realtor: Real Estate Agent in San Diego, CA

Chula Vista Homes 91915 EastLake and Windingwalk Hit Low

Homes in 91915 Chula Vista which includes parts of EastLake and Windingwalk dropped in median home price by $130,500 in the first quarter of 2008 compared to the 2007 median home price. The median home price for Chula Vista Homeshomes sold in 2008 in 91915 for the months of January, February and March was $437,000. The 2007 median home price in 91915 was $567,500. The foreclosures in Chula Vista have really dragged this area down in price and the inventory of foreclosures continues to rise. There were 57 homes that sold in the first 3 months of 2008 with the lowest priced sold home being $315,000 in La Vida "PUD Homes" in EastLake Greens and had 3 bedrooms and 3 bathrooms. The highest priced sold home was $912,500 on Falling Waters Court in EastLake Vistas and was 5 bedrooms and 4.5 bathrooms.

In early May when this report was created there were 78 homes in escrow in 91915. The median list price for the homes in escrow is $419,425. The 3 lowest priced homes were $299,000 in La Vida in EastLake Greens, $300,000 on Rockhouse Trail Lane in EastLake Trails and $314,900 on Pacific Grove Loop in EastLake Greens. All three were short sales or bank foreclosures. There were 254 homes on the market in Chula Vista 91915 in early may of 2008. If you're thinking about buying or selling in Chula Vista make sure you call us to find out important information on the Chula Vista Market.

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If you're interested in Chula Vista Real Estate and South Bay San Diego Real Estate make sure you contact Dawn Sells San Diego.

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Posted in EastLake, Windingwalk, Chula Vista, South Bay, San Diego Real Estate, Blogroll

Chula Vista Home Foreclosure

Mike Lewis                               San Diego Realtor: Real Estate Agent in San Diego, CA

Chula Vista Home ForeclosureForeclosure in Chula Vista

Chula Vista has been hit hard by home foreclosures in the past two years and 2008 and 2009 will probably be more of the same. If you are worried about the bank foreclosing on your home because you're having trouble making house payments maybe this will help. I found these 10 things to do if you're unable to make your mortgage payment on the HUD web site and found them worth passing on. Chula Vista has been hit hard with foreclosures and helping homeowners avoid foreclosure in Chula Vista is a personal quest for me. This article is from 2007 but the information is still very pertinent and helpful.

The article is as follows:

The link is here

WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) released its top 10 tips for homeowners who are facing foreclosure.

"These guidelines will assist homeowners who are struggling to pay their mortgage and could be threatened with foreclosure," said HUD Secretary Alphonso Jackson. "We want to encourage homeowners to take action and use every resource available so that they can get control of their finances and stay in their home."

If you are unable to make your mortgage payment:

1. Don't ignore the problem.

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem.

Lenders do not want your house. They have options to help borrowers through difficult financial times.

3. Open and respond to all mail from your lender.

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights.

Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet at http://www.fha.gov/.

6. Contact a non-profit housing counselor.

The U.S. Department of Housing and Urban Development funds free or very low cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance.

7. Prioritize your spending.

After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets.

Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.

9. Avoid foreclosure prevention companies.

Many for-profit companies will contact you promising to negotiate a loan work out with your lender. While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD approved housing counselor will provide for free if you contact them. You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead.

10. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a HUD approved housing counselor or trusted real estate professional.

If you have any questions for us please call us anytime or visit our web site below.

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Posted in San Miguel Ranch, Sunbow, Windingwalk, Rolling Hills, Otay Ranch, San Diego Real Estate, South Bay, Chula Vista, Blogroll

EastLake Short Sale Help

Mike Lewis                               San Diego Realtor: Real Estate Agent in San Diego, CA

EastLake Short Sale Help

If you are considering selling your EastLake home or condo and think that you might have to short sale your EastLake home or condo make sure you contact Dawn and Mike. We can answer your questions about EastLake short sales and the short sale process. We have helped many families in Chula Vista sell their home through the short sale process. Because we are doing so many short sales in this current market we have some great EastLake in Chula Vista Short Salesystems in place to process the short sales from start to finish. There are many short sales in EastLake, Otay Ranch, San Miguel Ranch, Rolling Hills Ranch, Windingwalk and other areas in Chula Vista. These areas have been hit hard with short sales and foreclosures.

There are many stages of short selling a home in EastLake. We start off by submitting a short sale package to your lender or lenders, marketing your home or condo, receiving offers on your property, submitting these offers to the bank, negotiating with the bank on the received offers, staying in constant communication with the bank, getting an offer accepted, streamlining the process as much as possible, keeping you informed every step of the way, and many others as well as getting your home sold and your life back on track.

We know that the short sale process or even the thought of doing a short sale is very emotional. Many sellers are torn between keeping the home they love and exhausting their savings or selling it. It's hard making payments on a home they just can't afford since their mortgage payments have gone up. Most of the time pride and disbelief gets in the way and decision making can become cloudy. We know first hand how this feels and can help you understand what a short sale entails as well as a foreclosure.

In some cases after meeting with home owners we have found that they don't need to short sale their home and we then sell their home without doing a short sale. We have also helped many Chula Vista homeowners from having the bank foreclose on their home or condo. If you want to see what your home is worth and find out more on the EastLake short sale process contact us right away.

When you're ready to find out your home or condo value in EastLake give Mike and Dawn a call or visit Dawn Sells San Diego.

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Posted in EastLake, Chula Vista, South Bay, San Diego Real Estate, Blogroll