Real Estate Information

                                                         975 Birch St.  Montara, Ca 

Original owners on this home on a attractive wooded neighborhood street in the back of Montara. Two story home with a bonus area with extra bath and bedroom. Recent light upgrades to bedrooms and exterior/interior paint. Spacious eat in kitchen, large living area with plenty of light and fireplace. Tunnel commute is here! Make Montara your home!

• 3 bedroom / 2 bath
• 2010 Sq Ft
• Fireplace
• Bonus Space with 1 bath, 1 bedroom & living area
• Enclosed entertaining area
• Open eat-in kitchen
• Hardwood Flooring

​​Offered at $699,900

​​Call Danny D for a private showing: 650.400.7670

                                                                Half Moon Bay short sale

                                                   1006 Dwight Ave, Half Moon Bay 94019                                     

Charming home on local HMB coastside.  Plenty of sun & yard space on this corner lot with upgraded stone work.   Custom fireplace, hardwood flooring, and upgraded cabinets and countertops are some of the upgrades on this listing.

• 1020 Sq Ft
• 3 bedroom / 1.5 bath
• corner lot
• 2 car garage

A Short  distance to local school and shopping.

Great short sale opportunity purchase here!

Call Danny D at 650-400-7670 

                                                 Borrower Gets 2nd Lien Removed

I have written a few times on the National Mortgage Settlement that has the nations biggest banks give relief of some sort to distressed homeowners.  The relief has come in different ways...short sale settlement, cash to relocate, principle reductions, loan modifications and maybe even wiping away the lien altogether.

Currently I have been working on a short sale where just recently, the 2nd lien holder was able to get the entire

$132,000 second lien removed, extinguished, gone.  Great for the homeowner and great for me, for i no longer have to work on the 2nd lien short sale.  This does not affect any current 1st lien activity.  Your first lien is separate and needs to be handled accordingly.  

Call your bank!  They just got reemed for 22 billion from your states district attorneys.  Maybe you are one of the 80,000 homeowners in California.  Call Now!

Call Team Danny D for more info.  650-400-7670

Danny D ~ broker / owner

Team Danny D Realty 

El Granada, Ca

www.TeamDannyD.com

                           Mortgage Insurance Delegation Approved for Fannie Mae / Freddie Mac

Why did your short sale note get approved ?  Why did it take so long?  One of the many reasons could be that your lien holder took out a Mortgage Insurance policy on your loan.  No, Mr. Amateur Short Sale agent, it is not the MI you think it is.  

Mortgage Insurance has been a pain in my A** for years.  The servicer and the investor all agree to terms on a short sale, however, a third party monster called (Mortgage Insurance) sometimes will kill the deal or extend it until it gets closer to the foreclosure date.  To move forward, the MI company will need to sign off on the short sale.  Very few servicers have the authority or strength to battle the MI company to agree to terms.  I would usually have to go around my servicer and negotiate with the MI company directly to get my approval in hand.

GOOD NEWS!  For most loans in the country, meaning all Fannie Mae and Freddie Mac loans, all major MI companies have delegated the authority to sign off on the short sale to the servicer.   This is great news.  It will shave off weeks in processing and increase the approval ratios of MI backed short sales. 

Good Luck!

Danny D

Short Sale & REO Pro

www.TeamDannyD.com 

650-400-7670

El Granada, Ca  94018

For a No-Hassle Pricing Consultation on your Home, Call Danny D at 650-400-7670

or go to www.TeamDannyD.com

Danny Dimas - broker/owner

Team Danny D

El Granada, Ca 94018

                     Serene Montara Horse Property on 1.5 acres

Many upgrades on this clean horse property in the Sunshine Valley area of Montara. Highly upgraded kitchen include granite countertops, subzero fridge, premium tile flooring and stainless steel appliances. 
Spread out on the 1.5 acre parcel with your horse, pets or family...plenty of room on this secluded street. 
The lower level can also be a guest quarters with its own kitchen, bedroom, and family area with woodstove.
Sellers have recently put in new decks, painted, and installed new gutters. Reports are clean on this well maintained home.

• 1.5 acre private lot
• 4 bedroom / 3 bath
• 2850 sq ft
• horse amenities include: fencing & cross fencing, hay barn, 2 stalls, & pasture

Call Danny D for more information or a private showing: 650-400-7670

                                                      Moss Beach Home - Available!

Moss Beach gem on oversized lot! Spacious home carries plenty of light, extra storage, and professional landscaping on the corner parcel location. Open floorplan with vaulted ceilings and separate family area. Upgraded kitchen, paint, and doors dazzle this 1984 contemporary home. Sufficient back and sideyard areas with great sun exposure and decking.

​1960 sq ft

​3 bedroom / 2 bath

​Oversize Corner Lot

​2 Car Garage

Available now at $600,000

Just Under 2000 Sq Ft!

go to Moss Beach short sale for pics and more information.   or call  650.400.7670

Danny D

Team Danny D Realty

El Granada, Ca 94018

www.TeamDannyD.com

#01863442

                                            When Can I buy After I short sale My Home?

If you have short sold your home in the past couple years and are wondering  how that has affected your ability to buy now, read the information provided below.  (confirm with your mortgage professional) 

If you short sold your home and you apply for a mortgage it depends on what type of financing, how long after the short sale, and how much of a down payment. 

FHA Financing:

Probably your best chance after a short sale.  About a 3 year wait time. 

VA Loan Financing:

If you are a veteran of the armed forces and have short sold a home, your wait time is 2 years.  

Conventional Financing:

There are some conventional programs out there today that borrowers can put as little as 5% down with conventional loan mortgage insurance.  However, if you have short sold a home, you will most likely need to wait 3-4 years and also have at least 20% down payment.  Conventional investors vary. 

Jumbo Loan Financing:

If you are looking to finance a loan that is above conventional conforming limits (high cost area) you will have to wait the longest.  The wait for a jumbo loan is 7 years.  The high cost loan limit is $729,750.

USDA Financing:

There is no written guideline but I have been told 2 years.

Call Team Danny D for any questions on short selling your home. 650.400.7670

​Danny Dimas - broker/owner

Team Danny D Realty

El Granada, Ca 94018

www.TeamDannyD.com

#01863442

                                              1037 Pearl Ave.  Moss Beach 94038

Moss Beach gem on oversized lot! Spacious home carries plenty of light, extra storage, and professional landscaping on the corner parcel location. Open floorplan with vaulted ceilings and separate family area. Upgraded kitchen, paint, and doors dazzle this 1984 contemporary home. Sufficient back and sideyard areas with great sun exposure and decking.

• 3 bed / 2 bath
• Hardwood Flooring
• 1960 sq ft
• ​2 Car Garage
• ​8500 sq ft corner lot

​Offered at $675,000

​For a private showing or more information call Danny D at 650.400.7670

Danny Dimas - Broker / Owner

Team Danny D Realty

El Granada, Ca 94018

www.TeamDannyD.com

#01863442

                        Will the Mortgage Debt Relief Act Extended?

What is it?  Here is the IRS definition:

he Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition

​or go to   http://www.irs.gov/individuals/article/0,,id=179414,00.html

In plain terms:  

When a person sells their home for less than what they owe on a mortgage, the difference is shifted to the seller by the mortgage lender as INCOME.  Income is taxed!  Since 2007, that added income has been waived on approved short sale taxpayers.  This Act expires in 2012.

Will they extend?  Most likely.  Team Danny D will keep you posted.

Call Team Danny D for all your options on your distressed home options at 650.400.7670

Danny Dimas ~ broker/owner

Shorty Sale & REO Pro

Team Danny D Realty

El Granada, Ca 94018

www.TeamDannyD.com

#01863442

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