What is An REO?

bank-owned-property

REO (Real Estate Owned) is a financial industry term referring to properties that a bank has foreclosed upon and now owns. Make sure that you speak with your agent to ensure that you understand the terms of the listing clearly. The escrow timeframe will usually be 30 days and cannot be contingent on selling another home. In most cases, the foreclosure property will be offered in an “as-is” condition, with the list price reflecting its condition. When purchasing a foreclosure property “as-is,” ensure you’ve done your homework to clearly understand the structural and mechanical condition of the building, HVAC, internal plumbing, the well and septic system. Depending upon the condition of these components of the home, the types of financing available may be impacted.  However, there are special loan products available that will lend on the “after improved” value of the home thereby making it possible to purchase even the most neglected property and to make it the home of your dreams.

 

Recipe: Tailgating Spicy Taco Cheese Ball

578010-2

What You Need:

Directions:

  1. Sprinkle parsley in a shallow baking dish. Set aside.
  2. Mix Mexican cheese blend, cream cheese, mayonnaise, taco seasoning, and jalapeno peppers in a large bowl until well blended. Divide the mixture into 3 portions, and roll each portion into a ball. Roll each ball in the parsley until completely covered. Wrap individually with plastic wrap, and refrigerate for at least 2 hours, or overnight.

What Are the Most Common Types of Home Loans?

refund-home-financial-loans

Most people will need to finance the home they wish to buy. It’s important to consult a lender as to what financing option is right for you. Here are 3 common options for financing a San Diego home:

  • Fixed-Rate Mortgage: Also known as traditional mortgages, these types of mortgages offer a fixed interest rate (and in turn a fixed monthly payment) for a longer period of time, usually 15-30 years. These are a good option for people who plan to live in their house for a long time and like a predictable payment schedule.
  • Adjustable-Rate Mortgage (ARMs): These are shorter term mortgages. ARMs offer an interest rate that is fixed for a short period of time. After this initial period, the interest rate will adjust up or down, depending on what the market does.
  • Interest-Only Payments: Both fixed and ARM mortgages have this option. What this means: for a certain amount of time during the course of your loan, you are allowed to pay only enough to cover the interest portion of your payment. You may pay the principal amount if you wish, but you don’t have to.

If you need recommendations for a great San Diego lender to find out which financing option is best for your situation, we are happy to provide them!

 

 

 

 

 

 

Restaurant of the Moment: The Taco Stand

The Taco Stand

642 S Coast Hwy 101, Encinitas, CA 92024

http://www.letstaco.com

In need of an authentic taco stand experience?  The Taco Stand just opened up a new located in the heart of Encinitas! This family-owned  taquería specializes in combining different variations of meats and ingredients, resulting in a lot of flavor. In addition to its flavorful menu, The Taco Stand has become an instant hot-spot due to it’s convenient late-night hours and coastal location.

Be sure to try the “Al Pastor” and “Nopal” Taco’s.  The “Al Pastor” taco consists of rotisserie marinated pork, cilantro, onions, cilantro sauce, and pineapple.  The “Nopal” taco is vegetarian and consists of flamed grilled cactus, melted cheese, cilantro sauce, tomato, and avocado.

 

Image result for the taco stand encinitas

 

Design Trends: 2017 Color of the Year

Sherwin Williams has recently announced their color of the year for 2017! The color is called “Poised Taupe” and it has a serene balance between warm and cool, while also being not too dark or too light. Sue Wadden, the director of color marketing for Sherwin-Williams, commented on the Today Show: “It’s like gray and brown had a baby.”

gallery-1472576332-sw-6039-poised-taupe-dollop-01.jpg
The company explains that their chosen color reflects a timeliness classic which resonates with the color preferences of the modern era.  Reflecting on the recent demand for neutral colors,  the company mentions that “it signals a new direction in society’s ever-growing thirst for beautiful neutrals that bring warm and cool tones together to create one irresistibly versatile color.”

Poised Taupe can work perfectly with wooden floors and structures with white trimmings to give off traditional and inviting vibrations. Below are some examples of how Poised Taupe would look in various rooms inside your home!

gallery-1472576568-sherwin-williams-poised-taupe-entryway.jpg

gallery-1472574252-sherwin-williams-bedroom.jpg

gallery-1472575953-sherwin-williams-kitchen.jpg

gallery-1472572390-index-sherwin-williams-color-of-the-year.jpg

7 Best Kitchen Gadgets, Picked by Realtors

Realtors know a lot about homes, from the doors and windows down to the kitchen and all of its contents. We polled our Realtors to discover their favorite kitchen gadgets!

Vitamix

The Vitamix machine is a quality investment because it is made with you in mind! It’s easy-to-use functionality, durability, and power have made it a well-known name, even with its hefty price tag. Although the Vitamix is commonly used for it’s shake and smoothie capabilities, the machines also have the ability to create food such as soups, purees, nut butters, flours, marinades, and so much more just with the touch of a button.

“I love our Vitamix for shakes and smoothies, but also great for making hummus and salsa too.” -Ryan Main, Realtor

vitamix

Buy your Vitamix here! 

Crock Pot

The crock pot has been around since our grandmother’s time, and is the reason for some of the best home-cooked meals. As well as it’s ability to produce gourmet meals, the slow cooker also saves time, reduces energy use, and is easy to clean up.

“I like the crock pot because it tricks people into thinking I know how to cook.” -Jason Meyers, Realtor

crock pot

Purchase your Crock Pot here! 

Nespresso Machine 

If you want to wake up and make an espresso in a matter of minutes with no fuss or clean up, the Nespresso machine is for you! Although pricey ($199-$599), the espresso machine provides quality coffee with little to no effort.

“I love my Nespresso machine, it gets me going in the morning!” -Jeanne Kayne, Realtor

nespresso

Purchase your Nespresso here! 

Spiralizer

This inexpensive tool has the ability to spiralize fresh veggies into healthy noodles! A common product of a spiralizer is zucchini noodles, known as “zoodles,” which provides a nourishing base to any meal.

“I love my spiralizer! It’s great for making zucchini noodles, spiralizing potatoes, and anything else I want! It also grates and juliennes.” -Shannon Fox, Realtor

spiralizer

Purchase your spiralizer here!

Cutco Knives

Cutco knives have continued to impress people for 65+ years with their quality products, amazing customer service, and lifetime guarantee. One of our favorite knives to use is the traditional cheese knife, which has perforations in the blade to prevent soft cheeses from sticking together.

“My favorite kitchen gadget will always be my cutco knives!” -Amy Green, Realtor and Co-Owner of Coastal Premier Properties

cutco cheese knife

Purchase your cheese knife here!

Electric Wine Bottle Opener 

This wine opener is perfect for any wine-o! It effortlessly opens up a bottle of wine in 3 seconds, and never gives you the risk of breaking the cork.

“My favorite kitchen gadget is an electric wine opener!” -Amy Ryan, Realtor

wine opener

Purchase your wine opener here!

Zeroll Ice Cream Scoop

Scoop ice cream with ease while using the Zeroll ice cream scoop! The heat conductive fluid inside the handle uses the warmth of your hand to plump out perfect ice cream scoops with little to no effort.

“I love using my fancy ice cream scoop, the ice cream never freezes!” -Beth Van Boxtel, Realtor

ice cream scoop

Purchase your Zeroll here!

 

What are some of your favorite kitchen gadgets? Leave us a comment below!

 

Recipe: Classic Maryland Crab Cakes

051099070-01-classic-crab-cake-recipe2_xlg

What You Need:

  • 1 Pound jumbo lump or backfin lump crabmeat, fresh or pasteurized.
  • 1 Large egg
  • 1/4 Cup mayonnaise
  • 1 1/2 Teaspoons Dijon mustard
  • 1 1/2 teaspoons Old Bay seasoning
  • 1/2 Teaspoon Worcestershire sauce Kosher salt
  • 1 1/4 Cups fresh breadcrumbs (from soft white sandwich bread, such as Pepperidge Farm)
  • 1 Tablespoon chopped fresh flat-leaf parsley
  • 2 Tablespoons unsalted butter
  • 1 Tablespoon olive oil
  • Lemon wedges for serving

Directions

  1. Drain the crabmeat, if necessary, and pick through it for shells (jumbo lump will not have shells).  Put the crab in a medium mixing bowl and set aside.
  2. In a small bowl, whisk the egg, mayonnaise, mustard, Old Bay seasoning, lemon juice, Worcestershire sauce, and 1/4 teaspoon salt. Scrape the mixture over the crab and mix gently until well combined.  Gently break up the lumps with your fingers but do not overmix.
  3. Sprinkle the breadcrumbs and the parsley over the mixture, and mix them in thoroughly but gently; try not to turn the mixture into a mash–it should still be somewhat loose. Cover with plastic wrap and refrigerate for 1 to 3 hours.
  4. Shape the crab mixxture into 8 cakes about 1 inch thick. In a 12-inch nonstick skillet, heat the butter with the olive oil over medium heat.  When the butter is frothy, add the cakes to the pan (8 should fit comfortably).  Cook until dark golden brown on the underside, about 4 minutes. Flip the cakes, reduce the heat to medium low, and continue cooking until the other side is well browned, 4 to 5 minutes.  Serve with lemon wedges on the side for squeezing over the cakes.