Karen Urata Realtor

Archive for the ‘Norh San Diego County’ Category

Why is Escrow Asking Me for Personal Information and What Should I Do About It?

In El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, North San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Transaction Tuesday, Vista on June 26, 2015 at 10:52 pm

Transaction Tuesday

Image courtesy of smarnad/FreeDigitalPhotos.net

Why is escrow asking me for personal information and what should I do about it?

These days we all know that we should never give out any of our personal information unless we know exactly who is getting it and exactly why they need it so this is a question that often comes up during the escrow process.  The reason for this is a little piece of paper that seller’s are given to fill out by the escrow officer called the Statement of  Information.

This form is actually used by your title company to distinguish the buyers and sellers of real property from other people with similar names when searching public records for judgments, liens, court decrees, bankruptcies or other matters.

If you fail to provide the Statement of information, your title company will have to add exclusions to the policy that list as exceptions from coverage judgments, liens or other matters which may affect the property to be insured.  These exclusions or exceptions are not allowed by lenders.  Lenders will require that the title is insured, so without this Statement of Information being submitted in a timely manner you might  find that your closing could be delayed.

Just another tip to help your transaction go smoothly to closing.  Remember, feel free to call me if you have a question about real estate.

 

See you in the neighborhood,

Karen Urata

Century 21 Award

uratakaren@yahoo.com

(619) 454–7959

DRE License # 01720025

Winner 5-Star Award San Diego Magazine  -2010, 2011, 2012, 2015

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What is Title Insurance Anyway?

In CA, El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Uncategorized, Vista on January 8, 2013 at 3:59 pm
Transaction Tuesday

Image courtesy of smarnad/FreeDigitalPhotos.net

Well it’s Tuesday again and that means it is time for another installment in our series, Transaction Tuesday.  Grab your coffee and an a snack and come with me.

If you have purchased a home chances are you have purchased title insurance but you may not know exactly what title insurance is or why you need it.

Unlike most forms of insurance, title insurance premiums are paid just once at the time of purchase but cover your interest as long as you, or your heirs, own the property.

Generally speaking, title insurance is meant to protect an owner’s or a lender’s financial interest in real property against loss due to title defects, liens or other matters.  There are two types of policies, one that protects the lender’s interest in a property and one that protects a homeowner’s interest in a property. If you have a mortgage on a property, the lender will require a policy to protect their interest for the amount of the loan.  You can also purchase a policy, at a small additional cost, during escrow to protect your interest as a homeowner.

Escrow will order the preliminary title report which should be reviewed and approved by the buyer.  This report should specify what is covered by the title policy and what is excluded.

For more details check out these links:

http://www.stewart.com/title-insurance/what-is-tile-insurance

http://www.firstam.com/title/resources/reference-information/title-insurance-reference-articles/q-a-about-title-insurance.html

If you have questions about title insurance or anything else in the transaction process, please feel free to contact me.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

Merry Christmas to All!

In El Cajon, Escondido, La Mesa, Norh San Diego County, North San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Vista on December 20, 2012 at 9:41 pm
Photo form FreeDigitalPhotos.net by Stuart Miles

Photo from FreeDigitalPhotos.net by Stuart Miles

At this time of year we all begin to focus on the joy that we share with family and friends.  The most important place that this typically happens is in our homes.  Food, drink and memories shared, presents exchanged and opened, kisses under the mistletoe and warm hugs and smiles everywhere.

Although we tend not to think so much about our work at this time of year, today I have the pleasure of knowing that my work has helped two more families  get into their new homes just in time to enjoy a very Merry Christmas.

I want to take this opportunity to wish each and every one of you much peace and joy in your home this Christmas too.  I hope all your dreams come true. If you feel that I can help you make your dreams come true this year do not hesitate to give me a call.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

This Is What Being a Realtor Is All About

In El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Uncategorized, Vista on October 9, 2012 at 6:42 pm

Dream Egg – Photo by Karen Urata

What is being a Realtor all about?  I was thinking about that today after having the pleasure of handing my buyer the keys to his new home.

So many plans for the future, and they all fit neatly into this beautiful home.  A warm, almost glowing kitchen where many dinners will be prepared and shared with friends and family.  A fireplace where comfort with a great book can be found on a chilly winter evening.   An office, so you can catch up on work without a commute to the office.  A studio, where you can explore the artist in you, whether it be the painter, the musician or the writer.

Outside, a park-like yard, perhaps the scene of  a future picnic table full of covered dishes and burgers from the BBQ and a crowd to enjoy them.  Maybe a tree swing, the kind that children always remember and smile.

The garage, where projects start and sometimes finish, precious relics of life are stored in cardboard boxes, and sometimes even where a car or two reside.

How many people can say their job is to help people make their dreams come true?  This is what being a Realtor is all about for me.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

Pilgrim Creek Estates 55+ Community in Oceanside CA

In Norh San Diego County, Oceanside, Real Estate, San Diego County on August 8, 2012 at 3:31 am

Pilgrim Creek Estates, Oceanside CA

Pilgrim Creek Estates 55+ Community in Oceanside

If you or someone you love and care about is looking for a gated 55+ community near the coast, consider what Pilgrim Creek Estates in Oceanside has to offer.

This community is located approximately 9 miles from the beach near the hills of Camp Pendleton.

Most of the 203 homes here are manufactured homes on permanent foundations making this a very affordable community offering homes ranging from approximately 1400-1900 sq ft. with current asking prices in the low $200.000s range.  Most of the homes have easily maintainable yards and a nice outside patio area.  These homes tend to have a little more space than many 55+ communities at this price point allowing for extras such as laundry rooms with lots of cabinets, spacious living rooms and dining rooms, walk-in closets, separate soaking tubs and showers in the master bath as well as double sinks.

On a recent visit here I was struck by how friendly the residents and the property staff are and how nice the grounds and facilities are.  Kaye, the property manager, tells me that one of the reasons that this community is so nice is because the involvement and input of the homeowners.

The clubhouse is beautiful and spacious enough to accommodate a variety of activities and is available for private functions by the homeowners for a small fee.  They have a stage, tables and chairs, a bar and a full kitchen.  The clubhouse also features a quiet library area, and a fitness room, and a billiards room.

Outside, homeowners will enjoy the pool, which is covered in the cooler part of the year.  A really nice feature is that the pool cover can be rolled back at the push of a button so that the pool can be enjoyed year-round.

There are currently 19 different activities that homeowners can join.  They have Bridge and Bunko and many other interests to choose from but the one that I found the most unique is called Pickle Ball.  This is a court game that combines elements of badminton and tennis and is an official game of the Senior Olympics.  To take a peek at how this game is played click the link here http://www.usapa.org/whatis_pball/video_promo.html

Clubhouse Pilgrim Creek Estates, Oceanside, CA

A nice extra is RV parking that is available to qualifying homeowners as available.

It is also a great place to just relax and enjoy peace and quiet if that is what you prefer.  The choice is yours.

I help buyers find their perfect home in North San Diego County.  Please contact me for more information on how you can make this your new neighborhood.

See you in the neighborhood,

Karen Urata  Realtor- SFR

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

If You Are Thinking Of Doing a Short Sale You Need to Know About This Deadline

In Avoid Foreclosure, CA, El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Uncategorized, Vista on June 26, 2012 at 11:15 pm
Tax

Tax (Photo credit: 401K 2012)

If you are in a position where you feel you might need to do a short sale you need to know about this upcoming deadline.  The Mortgage Debt Relief Act of 2007 is set to expire at the end of 2012.

What does this mean to you?  It means that the temporary provision to waive the taxes that are due on the amount of “income” that is created (on paper) when a debt is forgiven is to expire at th end of this year.  Yes,  you heard that correctly, the government considers the dollar amount of the difference between what you owe on your home and the amount that you are able to now sell your home, (the amount that the bank is forgiving on your loan as the result of a short sale), as income to you that you must pay taxes on.  When you consider that the average amount of time, (your experience may vary), to complete a short sale has been about 6 months that makes this valuable information that must be considered.

Based on this, now is a good time to start the process by getting your home on the market.  Here is a link to the IRS information regarding this deadline http://www.irs.gov/individuals/article/0,,id=179414,00.html.

Please let me know if I can help with this in any way or if you just have questions about the process.  I am here to help.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

Great News For Veterans -The VA Steamline Loan

In Avoid Foreclosure, El Cajon, Escondido, La Mesa, Mission Valley, Norh San Diego County, North San Diego County, Oceanside, Poway, Ramona, Real Estate, San Diego County, San Marcos, Santee, Uncategorized, Vista on May 30, 2012 at 6:53 pm
Interest Rates

Interest Rates (Photo credit: 401K)

If you are a veteran who used your VA benefits to purchase a home and now are underwater there is now a way that you may be able to refinance and take advantage of the record low-interest rates that are available today without your home appraising at current market values. Even if you are not underwater and want to take advantage of the incredibly low rates, this is a way to easily make this happen.

This program is called VA streamline loan program and the new guidelines are effective May 15th 2012.

It is actually possible for you to get a loan up to $625,000 with no appraisal, no income documentation, no loan to value restrictions for owner occupants with no mortgage lates for the last 12 months.  It is important to note that lenders sometimes have their own guidelines that they overlay on this VA program that may be more restrictive than what the VA program allows, so it is important to  what questions to ask and to check with several lenders to see what they offer for their  particular VA streamline program.

To get the information that will help you know what to look for when shopping for a lender click here to view the VA streamline guidelines as outlined by the VA  http://www.benefits.va.gov/homeloans/irrrl.asp.

For those who are not veterans, but who are underwater and want to take advantage of the historically low-interest rates for refis available today check out my post about the HAMP 2.0 program.

For those who live in California, if you would like a list of lenders to start your search I would be happy to send you a list that will get you started on your research.  Just leave your request in the comments.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Buyers and Sellers in San Diego County

Have You Visited Queen Califia’s Magic Circle Garden?

In Art, Escondido, Family Fun, Norh San Diego County, North San Diego County, Real Estate, San Diego County, Things to do in Escondido, Uncategorized on May 23, 2012 at 5:23 am

One thing I find surprising is that many people do not know about the great things about living in Escondido, so today I am going to talk about one of my personal favorites.  Tucked away in Kit Carson Park is Queen Califia’s Magical Circle Garden by the acclaimed artist NIKI DE SAINT PHALLE’S.   It is just one piece of Escondido’s considerable Public Art Program which makes it a special place to live or visit.

You will find this magical, joyful place in the park, just behind the 17th hole of the Frisbee Golf course.  Imagine fanciful colors, and mirrors all working together to create a maze of imaginative creatures.  There is also a treasure waiting to be discovered at the heart of the maze. So I will say no more least I spoil the surprise of discovery for you.  This is such a fanciful place no one can leave here without a song in their heart and a smile on their face.

The park also offers beautifully shaded picnic tables, play ground areas for the younger  kids, and as noted before an awesome Frisbee golf course for the big kids.  It is a great place to spend a lazy Southern California day.  It’s  location is 3333 Bear Valley Pkwy, Escondido, CA 92025.

The thing that got me thinking about this was the fact that I just listed a beautiful home in Escondido.  If you are here to enjoy the Kit Carson Park and decide that Escondido looks like a great place to live you should give me a call.   I can help you with that.

See you in the neighborhood,

Karen Urata

DRE License # 01720025

B W Real Estate Group

(760) 609-0952

5-Star Award Winner  San Diego Magazine 2010, 2011, 2012

Serving Home-Buyers and Seller in San Diego County