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Sunday, July 5, 2015

Are Resetting Mortgages causing more short sales in 2015? | 951-217-6745

Are Resetting Mortgages causing more short sales in 2015?

Yes,just when it looked like it was over for short sales they have picked up again inpart due to many homeowners not being able to afford the large raise in their mortgage payment.

This time the number one cause is unaffordability. Many homeowners that
were given a loan mod 5 to 10 years ago are now getting letters from their lenders
with major price adjustments to their house payments.
These price hikes are large and are now forcing homeowners to default on their payments and seek help from their lenders for a second or third time. This time most homeowners are finding that the lenders are no longer willing or able to help. So they must sell or face a foreclosure. While the option to sell maybe your best solution many homeowners find that their homes value still have not increased enough to repay the mortgage if sold today at current market value.
This is why in 2015 we are now seeing the come back of another option the short sale. Just when it was looking like short sale were going to be a thing of the past. Mortgage resets are causing a come back of the short sale process here in 2015.
A short sale is a solution to avoid foreclosure. A short sale will allow you to market and sell your home even thought you owe more the the current market value. You will net ZERO Dollars,but you avoid foreclosure and can remain in the home during the process which is taking 3 to 4 months to complete.
Here in California at the end of a short sale you are released of the mortgage in full and the lender can not come back after you for any deficiency. Plus you are NOT allowed to pay any costs of the short sale including agents commission.

If your needing more information on the short sale process call the short sale experts at Realty Works 951-217-6745

Wednesday, February 4, 2015

2015 HAFA Short Sale Update | 951-217-6745

2015 HAFA Short Sale Update

by Sidney Kutchuk
2015 HAFA Short Sale Update.
Starting Feb 1st 2015 short sales being processed via the HAFA program will allow the seller to walk away with $10,000 at the close of escrow. This $10,000 is for the seller to use for relocation costs. Prior to this change relocation assistance was caped at $3,000.00
Also, current HAFA guidelines state that first lien holders will also provide $8500 from sale proceeds to junior lien. This has now been changed to $12,000. 
For more details on all the changes made to the HAFA short sale process go to this link. Or call the short sale specialist at Realty Works,Sidney Kutchuk 951-217-6745 or visit

Monday, September 8, 2014

Temecula CA 92591 - Market Report for August 2014 | Realty Works Temecula

Temecula CA 92591 - Market Report for August 2014 | Realty Works Temecula

Did you know that the number of units sold decreased by 20% year over year, and 20% month after month?

Have a look at the housing market update for Temecula CA 92591 for the month of August, 2014.

How do all these affect your Temecula CA home for sale or your home purchase?

Contact me, Sidney Kutchuk at 951-217-6745, if you have any questions regarding your next real estate transaction I’d love to assist you with your real estate needs.

Friday, September 5, 2014

4 Lease Negotiation Tips for a Murrieta CA Homes for Rent

4 Lease Negotiation Tips for a Murrieta CA Homes for Rent

Hunting for an ideal Murrieta CA rental home within your ideal price, you sometimes get disappointed. Don’t despair because you can negotiate with Murrieta CA property managers and landlords. To keep things smooth, follow the tips below.

These negotiating tips will help you get the Murrieta CA rental of your dreams.

1. Start with being likeable.
Don’t go knock on the door of your Murrieta CA property managers or landlords and demand a lower rent like you are the boss. Start by being generous by giving smiles. Dress well and maintain an aura of professionalism and friendliness. Sometimes, all it takes is a pleasant attitude to get the best out of a negotiation.

2. Consider your timing
There is a perfect time for everything. When it comes to negotiating for your Murrieta CA rental, it is best to negotiate when there are less applicants. Winter and fall are best seasons to have the fewest amount of applicants. The time after graduation is usually when people are looking for apartments. Also, make sure that your application has already been approved before you start negotiations.

3. Have a good basis
Going around the neighborhood  to see how other Murrieta CA homes for rent are priced will help you. Take note on the offered amenities and the size of the properties. This will give you an idea how possible it is for the landlord or property manager to grant your wish. It’s hard to go into negotiations when you are clueless on how similar rentals are priced.

4. Flexibility is key
There is no such thing as a perfect apartment with perfect amenities in a perfect neighborhood with an absolutely perfect price. One way or another, there are certain things you have to give up. Know what these things are before you start negotiations. Be flexible in what you are willing to do or to give up to get the apartment. The ideal situation is when you come out winning because your minimum expectations have been met at a reasonable price.

Murrieta CA property managers and landlords may choose to welcome negotiations rather than leave their property without tenant for long. Try these negotiating tips instead of spending a lot of time looking for the perfect home.

Have an expert Murrieta CA property manager by your side and you are sure to have less problems. Call me, Sidney Kutchuck, today at 951-217-6745 or send an email at or visit the Realty Works website at

Wednesday, September 3, 2014

4 Time Management Tips for Temecula CA Property Managers and Landlords

4 Time Management Tips for Temecula CA Property Managers and Landlords

Managing a property can be quite stressful with all the tasks it requires. Taking control of your time is of prime importance. Check these 4 ways Temecula CA property managers and landlords can save time in doing their tasks.

Managing a property can be quite stressful, these are ways Temecula CA property managers can help you.

1. Don’t ditch the old school list
A list is still the best way to go if you want to save time. Have a complete list of all your tasks. Group similar tasks together as much as possible so you can tackle them at one time. When it comes to big tasks, you may want to start breaking them down. The next thing to do once your list is complete is to assign priorities to each. What must be done first thing in the morning or the next day? What can wait until the end of the week? List your tasks then prioritize them so you have something to refer to anytime.
2. Stick to your assigned priorities
Focus on one thing at a time. There may be days when complaints or requests for repair ring so frequently that you can’t focus on talking with a potential tenant for your Temecula homes for rent. Do not give in. Unless there’s an emergency, try to stick to the priorities you assigned on your task list. A routine is best to avoid getting distracted throughout the day.

3. Use the wonders of technology
There are a gazillion ways to remind yourself of your daily To Dos. You can use your phone and set up notes with reminders, have dates set in calendars with alarms, or try applications for your Temecula CA property management task list. In this wonderful age of technology, you can even do mobile banking to save you from the hassle of going to banks. Moreover, advertisements can be noticed online through different social media platforms. Make your life easier and discover what you can use.

4. Connect with people regularly, preferably during the morning
Studies have shown most people function best in the mornings as long as they are well rested. Take advantage of this and have regular meetings with your staff to review the things to be done for the day. Line up the list of people you need to coordinate with like builders, electricians, bank managers and others then give them a call before lunch time.

Have your applicant interviews scheduled ahead of time in the morning. Try to schedule regular rent collection or meet ups with tenants of your Temecula CA rentals so you don’t waste time. Talking with people takes time, schedule them at the most convenient time for you.

We all have limitations so it’s important to know when to take a break. Don’t forget to schedule that too. As Temecula CA property managers or landlords, time management is key to having the most things done in the most efficient way. Try these tips today to see the difference.

Have an expert Temecula CA property manager by your side and you are sure to have less problems. Call me, Sidney Kutchuck, today at 951-217-6745 or send an email at or visit the Realty Works website at