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Agent Team Has Already Sold 100 Homes This Year!

"I am happy and proud to say we just closed our 100th property this year," shares REO Director Michael Ricks. "As you know, nothing happens by accident and Mike Haque and I wanted to say a big “thank you” for all the dedication, hard work and support we receive from our loan brokers, escrow officers, support staff, cooperating brokers and field services. We have an amazing team of professionals that we work with everyday that are the best at problem solving and focused on our mission of taking care of our buyers and sellers needs," he adds.

Michael explains, "We work meticulously and are diligent to make sure we put together deals that will close and appreciate your role in 'making it happen.' We do our best to make sure the communication is open, informative, honest, respectful, supportive and professional. Our biggest thrill is to take a sad little house and to help make it back into a happy home, what we all do by moving REO’s is a good for the communities and public we serve. Thank you very much again, your support means a lot!"

Thank you Mike and Mike for being of such service to our desert area home buyers and sellers. Congratulations on your amazing achievement.

To contact Windermere agents Michael Ricks or Mike Haque, visit www.DesertBankOwned.com.

Agent Specializes In Desert Homes Fit For Healthy Lifestyles

Many desert area home buyers and sellers know Michael Paduano as a Palm Springs area Windermere real estate agent.

In his free time, Michael is also Executive Director of Wellness Foundation Palm Springs. Michael says "The mission of WFPS is to meet the needs of local organizations by supplying experienced fitness professionals to work free of charge within these organizations. Group exercise classes, lectures, seminars and consultations will serve to augment the services of local agencies. Free instructional DVD's will provide long term fitness education in the areas of exerice, nutrition and wellness."

He's also just produced his first yogo DVD, Mike Masters Healing Yoga. Masters is his middle name. For more information about the foundation, visit www.WellnessFoundationPalmSprings.org.

To have Mike help you find the perfect desert yoga retreat to call home, visit his real estate website.

Photography by Reedar Dybdahl

Why Agents, Buyers And Sellers Prefer Windermere

Golf Home Specialist Carol Hochsprung Reports From Solheim Tournament

What a week it was in Women’s Golf – both for the amateurs who love the game and the professionals - members of the LPGA (Ladies Professional Golf Association) and the LET (Ladies European Tour). It has rippled the golf world as an exciting, competitive venue of match play for strong, talented, motivated WOMEN. For the millions of viewers watching TV, many had not experienced the unique “head to head” format. And the buzz is out there: “ These Women Rock.” And who won? The coveted Solheim Cup went down to the wire on Sunday with the American team winning 16-12!

Here I am beside the 2009 sign showing opposing Captains Beth Daniel, USA, and Allison Nicholas of the LET. This unique competition occurs only every odd year. 2011 will be held in Ireland; 2013 will be at a Colorado Club outside Denver, CO, my former residence. I plan to attend both, wearing the red, white, and blue of the America.

Opening ceremonies are thrilling even if most of us had no bleacher seating. Here’s European Legend, Laura Davies, ready to hoist her country’s flag.

Here’s desert resident, former LPGA tour star, and Golf Channel commentator Donna Caponi posing with me beside the 17th green the day before competition began. She and fellow announcers Dottie Pepper & Kay Cockerill were testing and evaluating the breaks on the green- Because this competition was totally about who could putt better.

“Here’s a gorgeous view of hole # 18! Rich Harvest Farms Golf Course in Sugar Grove, IL was in excellent condition, perfect, in fact! It was very difficult and a real test
for the best women players in the WORLD.

I wanted to share photos and commentary to honor these women, to maybe pique your interest in playing, and to let you know that this kind of first hand golf tournament experience – actually being there – captivated me and excited my passion for golf once again. I’m going out to hit some practice shots today – in spite of the desert’s
100+ temperature. I’m fired up!

To have your own close interaction with great women golfers, head on out to Mission Hills C.C. September 14-19, 2009 to follow the players attempting to qualify for the LPGA tour. For a second opportunity for following in person, the LPGA Tour then returns to that same course March 29- April 4, 2010 for the Kraft Nabisco (formerly The Dinah Shore) LPGA Championship – a major event in our desert on the schedule for over 30 years. Is this desert perfect for golf or what?

If you have questions or comments please contact me via my website. Make those putts now!

No Payments For The Rest Of Your Life

What do a "Reverse Mortgage" and a "Paid up Life Insurance Policy" have in common? According to agent Bonnie Peabody, "You don't have to make payments on either for the rest of your life (if your are 62 or better)."

Bonnie offers Janet and Tom as an example. Both are 74 and they want to purchase another home after they sell the old family home up north. They agree on a sales price of $300,000 and want to keep some of the proceeds of the sale on their home in the bank. They do a reverse mortgage for $197,711. and put the remaining cash, $102,289, into their new home.

The couple now have NO monthly payments as long as they live in the house. This is without credit or income qualifications.

For further details you can contact Bonnie by visiting her website.

Windermere Agent Appointed To Commission

The Desert Sun announced today that Windermere agent Leslie Munger has been appointed to the Planning Commission. Leslie will fill an unexpired term that ends in June 2010. To contact Leslie, visit her website.

Buyer’s Federal Tax Credit Program Ends November 30th

First time homebuyers need to move quickly before the government sponsored tax credit goes away. This credit only applies to purchases closing before November 30, 2009.

The federal tax credit has been a great program for those seeking their first home. It can be used in many ways. To help first time homebuyers with down-payments and closing costs, the government will allow buyers who finance their purchases with a federal insured loan to apply their anticipated credit immediately toward the transaction. Others may choose to wait until they file their 2009 taxes for the refund. Still others may apply the tax credit via an amended return for 2008 taxes. Buyers with specific questions should always consult a tax professional.

In order to Close by November 30th?
Buyers should consider the following timeline. They must look for a house (10-20 days minimum), write the offer, wait for the acceptance (up to 4 days although see special note below regarding short sales), secure financing (7 days), do inspections (7-14 days), request the seller correct major or safety defects (2 days) wait for seller’s response (5-7 days). The escrow begins when there is communication of acceptance and approval. With the new requirements from the federal government and mortgage lenders, a traditional escrow now takes at least 30 days and more closely 45-60 days.

Special note regarding short sales: When buying a short sale, the full acceptance and approval process is currently taking 3-6 months plus the normal 30-45 days in escrow.

A buyer should be prepared to complete a simple transaction in 2-3 months. The buyer should also be prepared for minor delays to resolve issues that might arise and which might delay a closing. The buyer should also consider that November is really the shortest month of the real estate calendar. The Thanksgiving holidays at the end of the month mean there are fewer days to record and close escrows. The bottom line, buyers who want to receive the federal tax credit need to act now, or they will loose out on a great opportunity.

Who qualifies for the federal tax credit?
A first time homebuyer is defined as anyone who has not owned a principal residence in the last three years. If a married couple purchases a home, neither of the parties could have owned a primary residence in the last three years, in order to claim the credit on their joint return. Non-married joint owners who qualify may proportion or divide the credit on their taxes as long as it does not exceed the credit due for the purchase property.

What kind of property qualifies for a federal tax credit?
Only principal residences, new or re-sales are acceptable properties for the tax credit. The primary residence may be a condo, townhouse, single family dwelling, mobile or modular home, or even a house-boat. Vacation homes, second homes, and investment properties do not qualify for the tax credit.

How is the federal tax credit calculated?
The maximum credit is equal to 10% of the purchase price up to $8,000. Income is a factor in the final amount of the actual tax credit.

For a single taxpayer: With an income below $75,000 the credit is equal to 10% of the purchase price up to $8,000; With an income between $75,000 and $95,000 the tax credit is reduced on a sliding scale; With an income greater than $95,000 no credit is given.

For a married couple filing jointly: With an income below $150,000 the credit is equal to 10% of the purchase price up to $8,000; With an income between $150,000 and $175,000 the tax credit is reduced on a sliding scale; With an income greater than $175,000 no credit is given.

Conditions if you take the tax credit?
A home purchased during the specified time period cannot be resold within a year of purchase if the tax credit is taken. After that year, there are no conditions for the re-sale.

Mikel Springer is a full time Realtor in the Windermere Rancho Mirage Office and works in the communities from Palm Springs to La Quinta. Contact information: www.MikelSpringer.MyWindermere.com and email address mikels@windermere.com

Jedidiah Thurner Gives New Meaning To The Word "Vacation"

Indian Wells Luxury Homes Realtor, Jedidiah Thurner just returned home from his trip to Nicaragua, on a mission to help the children of the trash dumps.

Working with The Desire of All Nations or (D.O.A.N.), this is his second trip. "It's certainly not a typical vacation, but it's a lot more rewarding," says Thurner.

Jedidiah was joined by his sister Jobyna (both in top photo) to help build a community kitchen to serve food to over 300 street children living in one of the largest trash dumps in the country. The photos above capture some of the children collecting food and recyclables.

To learn more, you can contact Jedidiah at jedidiah@exclusivedeserthomes.com.

Q & A About Heritage Palms Country Club

Here are two questions that Windermere real estate agent Bonnie Peabody says she gets from almost everyone looking to buy a home in Heritage Palms.

"You told me about the 6 month rental restriction, but what if I want to have guests or family visit my home at times when I am not there, will I get into trouble?"

"No," says Bonnie, "the rule was written by the developer and full-time residents really appreciate it. Your home can host your guests for any time with or without you being present. What they will not be able to do, however, is receive your full benefits, owner rate at golf course, use of the fitness center or pool. The golf course and restaurant are open to the public, though, and will be happy to take your credit card."

"The second question that I hear most," she says, is "How do you keep your HOA so low when you own all the amenities, golf, tennis, pools, fitness center, ball room and kitchen?"

"My answer is that the HOA has hired an effective manager and he, along with our elected board of directors, have been doing a great job of tracking and forcasting costs."

If you have a question for Bonnie, or would like to know more about Heritage Palms, please visit her website.

Connecting With Carol Hochsprung - And Mother Nature

If you're looking for a golf course home, Rancho Mirage agent and golf pro, Carol Hochsprung, is available to guide you to the perfect clubs. If you're looking to escape the desert heat, she has a few suggestions too.

"When I want to 'escape' our desert heat, I take the Palm Springs Aerial Tramway to the top of the San Jacinto Mountains where it's 40-degrees cooler. At an elevation of 8,516 feet, and a brief ride of under 15 minutes, I can breath in that cool air and instantly feel terrific!" she exclaims. "The options are many. You can walk to a picnic table for lunch, walk the nature trail, relax on a nice boulder, or hit the trail and head for Round Valley, Wellman's Divide, and San Jacinto Peak at 10,400 feet."

For me, she adds "It's about serenity and connecting with Mother Earth. It's about wellness and longevity. It's about clarity and focus. It's about loving the mountains."

To contact Carol, visit her website.

Elton John Introduced Me To My First Employer In The Music Industry

“I left school to pursue a career in music publishing and freelance writing, in the 1970s, which led to an early article about Elton John. Elton introduced me to my first employer in the music industry,” says desert “Realtor to the stars,” Stephen (Steve) Love.

For over a decade, from 1973 to 1985, Steve was executive VP of ATV/Sony Music. It was at ATV Music, while in charge of worldwide music publishing development and exploitation of catalogues (most importantly, the Lennon & McCartney copyrights), that a good number of creative and administrative ideas were first developed.

Steve was one of the two primary architects of the success that led to the company being regarded as the most valuable independent music publisher of its time. Subsequently, ATV was purchased by Michael Jackson and merged with Sony Music Publishing.

Today Steve, and wife Greysha Gordon-Love, live and work in Rancho Mirage and specialize in achieving value in the buying and selling of all real estate throughout the Coachella Valley, from condos to estates.

You can contact or follow Steve and Greysh on their real estate blog.

Agent Supports Idyllwild Summer Concert Series

Rancho Mirage Realtor Dan McGeary, along with his partner, Bret Hubbard, became sponsors of the Idyllwild Summer Concerts a while back when they learned that the series was low on funding. The concerts are held every Thursday evening, through August 20th.

Dans says, “The series brings in terrific talent with opening acts under the cool, towering pines starting at about 6:00PM. Each night attracts between 500 and 1000 people, families and all ages, who bring picnic dinners, adult and regular beverages and our dogs.”

“Most of the acts make it impossible not to dance on the cleared concrete pad in front of the stage, so dancing boots are encouraged,” adds Dan.

Dan and Brett have owned homes in Idyllwild since their first humble cabin in 1988, which they say has morphed into a new “tree house” in Fern Valley. In addition, Bret recently accepted the position of Controller at Idyllwild Arts Academy.

For additional information about the series, or if you have real estate questions, you can reach Dan directly at 760-413-2549.

Brokers Go Friday Four-Wheeling

Windermere owners Bob Bennion and Bob Deville spent last Friday at their Garner Valley Ranch with their Coachella Valley office brokers, for just a little horsing around.

“It is important to remember those that guide our agents and offices through the real estate maze. We are very fortunate to have the support we do, and we just wanted a down day to say ‘Thank you,’” says Bob Deville.

Top photo: Top row, David Cantwell (Palm Springs Main) left, Diana Weiss (Rancho Mirage), Charlie White (Indian Wells), Nathan Heibeck (Palm Springs South), Emily DiSimone (Palm Desert, Cook & Hovley). Bottom row, Don Rosignol (Palm Desert, San Pablo), Sandy Beakey (La Quinta), Bob Bennion (at the steering wheel), Bob Deville (standing).

Former Frank Sinatra Family Estate For Lease

Built by Frank Sinatra, on land originally owned by Jack Benny, the home named WONDER ESTATES has been leased to countless celebrities over the years and is now available for a 1-2 year lease.

Located on the 17th Double Fairway of Tamarisk Country Club, the home offers over 6,900 square feet, 4 Bedrooms and 6 Bathrooms. It also features a resort-style pool and spa. All you need to bring is your bathing suit and toothbrush!

$8,725 per month will buy you the good life. You must be pre-qualified. For additional information, contact Windermere agent Rebecca Pikus.

Realtor Invites Square Dancers From Around The Country To Kick Up Their Heels

Mikel Springer, a real estate agent with Windermere Real Estate in Rancho Mirage, is currently working on the committee to bring square dancers from all over the United States to Palm Springs for the Boots in Squares’ square dance festival to occur February 5-7th 2010.

This is the club’s first national event, and the response is quite positive, with a number of registrations already received. The event is named “Swing Thru The Palms” and will have nationally recognized square dance callers, Darren Galina, Mike Kellogg, Anne Uebelacker, and local caller Terri Sherrer.

Boots In Squares is Palm Springs' Gay and Lesbian square dance club. They host

Club Dances every month during "season" and dance weekly year-round at the Senior Center at Tierra del Sol in the Palm Springs, CA area. The club is over 50 members strong and welcomes dancers from all over the world to the weekly Monday night dance or the special monthly square dances. Dance levels are Mainstream, Plus, A-1 and A-2. Beginning and Advanced class are scheduled for the fall.

For updated information on the “Swing Thru The Palms” event, dance schedules, or class information please see their web site

www.bootsinsquares.com.

Mikel Springer is active in the community helping buyers and sellers with their real estate needs and is a member of Boots in Squares, local duplicate bridge groups, and the Senior Center at Tierra del Sol in Cathedral City.

See his web site, www.MikelSpringer.MyWindermere.com for more information.

Committed To Staying On The Cutting-Edge Of Real Estate Marketing

The owners of Windermere Coachella Valley Real Estate, Bob Deville (pictured above) and Bob Bennion, discussed the importance of using "Cutting-Edge Real Estate Marketing Tools" at their recent all-agent meeting in Rancho Mirage, California.

"No one is suggesting that we abandon the traditional tools used to sell real estate," says Deville, "but it's important to stay on the cutting-edge and use all of the tools and technologies that are available today, to reach the largest number of buyers possible, when marketing a home."

If you'd like to know more about the new technology tools being utilized to aid buyers in their seach for local homes, and sellers in marketing their homes, contact one of our agents.

550 Teddy Bears Given To Children In Crisis

Part of being a good real estate agent is being a good neighbor. That’s why Windermere Coachella Valley agents spend so much time giving back to the communities that give so much to them. Palm Springs Realtor, Michael Larson is one such agent.

“I’ve been on the board of directors of the Desert Outreach Foundation, a local 501(c)(3) for about four years and am currently the Vice President,” shares Michael.

“Our two primary objectives are to provide scholarships to local students and to provide teddy bears to children in crisis. The Foundation has been around for more than 15 years and we're all volunteers. We’ve given out nearly $200,000 in scholarships over the years to recipients who are locally based students, though they can attend school anywhere,” he adds.
The Desert Regional Medical Center, JFK Memorial Hospital in Indio, Healthy Family Living, Court Appointed Special Advocates (CASA) for Children, Barbara Sinatra Children's Center, Betty Ford Center's Children Program, Olive Crest Homes and Services for Abused Children, Palm Desert Police Department, Shelter From The Storm, and Child Protective Services of Riverside County have all received teddy bears for distribution.

To find out more about Michael or the foundation, visit http://www.michaellarson.net/

What Is An Accredited Buyer Representative (ABR®)? And Should You Care?

Buyer Representation means, that as a home buyer, you have someone on your side.

The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate BUYER'S AGENT Council (REBAC) of the National Association of REALTORS® who meet the specified educational and practical experience criteria.

It is my opinion that buyers and sellers deserve full representation. If you are looking to buy, you should insist on full representation and not settle for limited service from the seller's agent.

Until you sign a Buyer’s Representation Agreement, the agent you meet at the open house, the listing agent, or the agent that is showing you houses is actually working for the seller. The non-listing agent is known as a sub-agent. Both the listing agent and a sub-agent have a duty to disclose any information shared by a potential buyer to the seller.

When the same agent is working for the seller and the buyer, this is called dual agency. A dual agent cannot share information or give full advice to either party because it might diminish the other side’s standing. This limits the service they can provide to both the seller and also to the buyer. When it comes to negotiating, this is especially true.

When you are considering buying a home, it is important to find an agent with whom you can work and one who knows buyers need their own representation. In California, you may get the representation you need without any additional fee, because it is the practice for the seller to pay for the buyers agent services. It just does not make sense not to have someone fully committed to your side through the entire real estate process – and especially during negotiations.

Mikel Springer has both the (ABR) as well as the Senior Real Estate Specialist (SRES) designations. He is a full time Realtor (for more than 7 years) is in the Windermere Rancho Mirage Office and works in the communities from Palm Springs to La Quinta. Contact information: www.MikelSpringer.MyWindermere.com and email address mikels@windermere.com

Photo: Mikel (left) with his clients

Top 10 Ways Staging Can Help You Sell Your Home For More

(Before and after photos above.)

1. Historically homes tend to sell in fewer days on the market when staged.

2. Homes generally sell for higher prices when they sell faster.

3. Professional staging accents the positive aspects of the home.

4. Negative elements can often be minimized or eliminated.

5. Staging leaves the impression that the home has been well-maintained.

6. It depersonalizes the residence, making it more inviting to a larger pool of potential buyers.People want to buy “their new home”, not someone else’s old home.

7. Eliminating clutter opens up the living spaces making them appear larger. A skilled designer knows just the right accessories to use to decorate and compliment for scale and style.

8. Specialized furnishing placement facilitates traffic flow and socializing areas.

9. Professional color analysis and consultation are keyed into current trends. Just as with clothing fashion, colors go out of vogue and need to be updated.

10. A staged property has the advantage over unfurnished homes since most buyers can not effectively visualize furnishings in an empty room. And, in this market, every advantage counts.

If you decide that Staging is the correct option for you, be sure to check around for the company that best suits your needs. Some stagers will only reorganize your own furnishings while others provide full decorating services and advise on everything from minor remodeling projects and paint color changes to even completely furnishing an empty residence.

The costs for Staging can vary from only a few hundred dollars for a simple redecorating plan that rearranges your own furnishings to a cost per square foot charge when staging the home with leased furniture and accessories. You can expect the square foot charges to be approximately $1.50 to $3.00 per foot of area.

Staging may also offer some tax advantages depending on your individual circumstances. The costs may be a tax deduction so check with your financial advisor to see if your property qualifies.

For more information on the benefits of staging you can contact me, John Kleppinger “The Staging Realtor” or www.raymondrobertdesigns.com.

Office Manager Frances Chafe Makes The News

Palm Springs Main Office Manager, Frances Chafe, is making news, again.

In an article by reporter Patti Myers, on the front page of the Desert Sun Sports Section, Sunday, July 19, Francis and her son, Nicholas, were profiled.

Titled “Mom, son bond over bikes - Cathedral City track brings families together,” the article continues “Frances Chafe was a little hesitant signing up her 5-year-old for team sports.

She heard the stories about rough play, too many players sitting on the sidelines and the out-of-control parents.

As a single parent to Nicholas, she said that time will come when he is bigger, stronger and more learned, but for now she's happy that she took one of his favorite sports and turned it into a learning experience.

Both are BMX bike racers and participate in events twice weekly at the BMX track tucked behind East Palm Canyon Drive near the Target in Cathedral City.

“Nick really loved to ride bikes and since we live in a gated condo complex, it's really hard for him to go off and bike,'' said Chafe, a Palm Springs resident and real estate office manger. “There are no little boys for him to play with. So after a while, my mom (Bonnie) found a track and I took him there. On the first night, he loved it. He's learning about taking care of the equipment with a sense of accomplishment. (The bikers earn trophies on a weekly basis). And at 5, I don't have to worry about getting him to two or three practices a week and games on the weekend.” You can read the rest of the story at MyDesert.com.

A Furry And Lovable Golf-Ball Collecting Machine

An avid golfer, Realtor Jennie Robinson specializes in selling Country Club golf course homes. Her one-and-a-half year-old English Golden Retriever, Riley Rose, specializes in retrieving lost golf balls at The Hideaway, where Jennie and her husband Bob are members.

Jennie is been a top-producing agent and has been a well-known resident of the desert for the past 18-years. You’re probably familiar with her tagline, “Let me swing a deal for you!” Lately, however, Riley Rose, is getting all the press.

This past month, Golf News Magazine wrote an article about this “furry golf-ball collecting machine.” The article begins, “How would you like to find 25 to 30 golf balls a day, virtually all in perfect condition, many of which are Titleist Pro V’s? This unique golf ball collecting “machine” resides in the desert but is not available in any stores, not even in Pete Carlson’s! Golfsmith doesn’t have it either. Feed it and love it is all you have to do.”

According to the article, Riley Rose has a unique ability to smell the balls and track them down even in the deepest grasses. And she loves a challenge. The more the ball is hidden or buried, the more she likes the hunt.

In case you’re wondering, the golf balls are donated to junior golf and according to the magazine “Riley Rose searches for golf balls only during her morning and evening walks and only seeks golf balls that are in the bushes and never retrieves balls on the fairway.”

To contact Jennie or Riley Rose, visit http://www.jennierobinson.com/.

Top photo: Jennie and Bob Robinson and Riley Rose with the golf balls she's collected. Bottom photo: Riley Rose in the tall grasses seaching for golf balls.

Realtor Helps The Children of Trash Dumps In Nicaragua For His Birthday

Windermere Indian Wells Luxury Homes Realtor, Jedidiah Thurner is turning 27 on July 22 and is inviting everyone to celebrate with him. But it’s not your usual birthday party.

“This year for my birthday I'm asking for donations to a good cause: Help The Children of Trash Dumps In Nicaragua,” says Jedidiah.

“I had the privilege of personally taking my first trip (the 4th trip for The Desire of All Nations or D.O.A.N.) with my wife, Amber, to Nicaragua in July 2008. During this trip, our lives were radically changed as we ministered to the poor, fed thousands, provided new resources of support and education, and challenged and changed the mindsets of various leaders, business owners, and individuals which have been limited by poverty, war and natural disasters.

It is with great excitement that we have the opportunity to return to Nicaragua, July 17 through August 1st. We will be joining our family and the D.O.A.N. team as they conclude a three-month mission trip in Nicaragua.

We will be helping build a community kitchen that has the capability to serve food to over 300 street children living in one of the largest trash dumps in this country.

We will also be establishing a safe house for homeless youth. This safe house will serve as a refuge for kids who are at risk of being physically, mentally and emotionally abused due to living on the streets. The safe house will provide the opportunity for youth at risk to receive physical and spiritual healing, food, clothing, and education,” adds Thurner.

Contact Jedidiah at jedidiah@exclusivedeserthomes.com if you’d like to help, contribute or find out more. You can also visit www.thedesireofallnations.com directly.

Top photo: Jedidiah is 3rd person from the right, in a light green shirt. His wife Amber is the person to the right of Jedidiah. Bottom photo: A single Nicaraguan mother with her children.

Short Sale Or Foreclosure? How To Choose

Longtime resident and member of the Indian Wells Country Club, Realtor Anne Alexander is a Certified Distressed Property Expert (CDPE) who offers the following tips to homeowners considering a Short Sale vs. a Foreclosure.

Most homeowners are not aware that a Short Sale has less serious consequences for the homeowner than a foreclosure.

For example, a homeowner who loses a home to Foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years as opposed to a Short Sale which makes them ineligible for only 2 years. Investors are ineligible for 7 years compared to 2 years.

In addition, a Foreclosure will typically lower your credit score anywhere from 250 to over 300 points and will affect your credit score for over 3 years. A Short Sale will typically lower your credit score as little as 50 points if all other payments are being made and will affect the homeowner for as little as 12 to 18 months.

Foreclosure remain as a public record on a person's credit history for 10 years or more. A Short Sale is not reported on a credit history. The loan is typically reported "paid in full, settled."

Homeowners (and many Realtors) do not understand Short Sales and are mainly interested in the consequences to their credit and their life.

We advise them to do a Short Sale ... IF THEY QUALIFY. It's not a "get out of my mortgage free card," though. A homeowner must be able to demonstrate a verifiable hardship such as a job loss, death in the family, mortgage rate adjusting to the point they cannot afford it, illness etc. But, there is no point in listing a home as a Short Sale if the bank will not agree to it. The homeowner CANNOT have assets that could be used to pay the mortgage.

Most problems with Short Sales stem from Realtors who are not familiar with them. For example, a smart Realtor will only present ONE offer to the bank – the highest and the best. You must present all the rest of the offers to the Seller but you present only ONE offer to the bank. You also need to present a COMPLETE package to the bank.

For additional information, you can contact Anne at www.thealexanderteam.net or email: thealexanderteam@windermere.com

Why Windermere So Cal Uses Facebook And Twitter

At Windermere, we use technology to make real estate more customer friendly.

We understand that in order to offer outstanding customer service our agents need to use the latest technology tools. This allows our clients the ability to make more informed choices.

Now, more than ever, consumers are turning to blogs, vlogs, Twitter, Facebook and other web social media tools to help them through the home buying and selling process. And more and more, they expect the real estate agents they hire to be taking full advantage of these new tools.

In an effort to stay on the cutting-edge of real estate marketing, we’ve launched a company Facebook page and a Twitter page. We answer real estate questions on our blog and invite home buyers and sellers to connect with us using whichever tool they feel the most comfortable with.

Co-owner Bob Deville believes that, "In any business, if you want to remain a valuable partner with your customers, you’ve got to give them what they want." What today’s buyers and sellers expect and deserve are agents who can help simplify the process and give great customer service. Technology can certainly help do that and knowledge is power.

"Whether you prefer to begin your real estate search in our print or online magazine, on our website, on Twitter or Facebook, or by stopping by one of our offices, you’ll find a knowledgeable Windermere agent there for you. After all, in the end, it’s not really about selling houses, it’s about providing great customer services – in whatever form that takes," adds Deville.

First Mother-Son BMX Racing Team In Palm Springs

Last Friday, June 12th, Frances Chafe debuted as the first mother to race at the local American Bike Association Bicycle Motocross (ABA-BMX) track with her son, Nicholas, who races in the five and under Novice Class.

The Office Manager at Windermere in Palm Springs Main, Frances is dedicated to being an active participant in her son's activities. Nicky has been racing every week at the Palm Springs BMX track, garnering trophies on a weekly basis, since last December.

His mother, always cheering him on from the sidelines watched a number of Dad's riding each week with their sons. There were never any mothers out there and she decided there was no reason she couldn't make race night a special mother-son event, just like the Dad's were doing.

Now she's a member of the ABA-BMX Association, racing in the Cruiser Class against men in their 20s and 30s, since there aren't any other women racing in her Class. Frances is doing it to have fun with her son, but she did win a Third Place trophy in her first race!

Her words to other mother's of biker children, "Besides having a lot of fun, it's a great cardio workout. It's also a great way to burn off those extra calories while doing something fun with your child!"

Many locals don't know that we have our own ABA-BMX District in Coachalla Valley. Tucked away behind the ARCO20 gas station on Highway 111, across from the Target shopping center, is Palm Springs BMX psbmx@aol.com.

Thanks to Bonnie Chafe, Nicky’s grandmother, for writing and sharing this story.

545 Mile Ride Raises $10.5 Million Dollars For Charity

Agents Randy Wiemer (top left) and Robert Kalin (top right), along with Director of Education, Curt Hempel (middle photo), road their bikes from San Francisco to Los Angeles to raise money for AIDS LifeCycle8 2009.

Collectively the 545 mile ride took 7 days and raised $10.5 million dollars for charity.

The two charities involved are the San Francisco AIDS Foundation and the L.A. Gay and Lesbian Center. The funds are "designed to advance their shared interests to end the pandemic and human suffering caused by AIDS."

You can see more photos on Curt, Randy and Robert's Facebook pages.

The Summer Editon Of HOMES & LIFESTYLES Magazine Now Online

The Summer Editon of Windermere HOMES & Lifestyles magazine, featuring hundreds of homes for sale in all price ranges throughout the Coachella Valley, is now online.

Visit the ISSUU website and flip through the pages to find the home of your dreams.

The print version of the magazine will be on stands July 1st.

Always Going The Extra Mile

Even during off hours, Windermere agents and staff go the extra mile.

Director of Services, Patrick Robinson, who works in the Rancho Mirage office, participated this past Saturday in the world famous Camp Pendleton Annual 10K Mud Run.

“There were 4,000 people in the race,” says Patrick, “including individuals and teams of five. We finished 13th out of 73 men’s teams and 21st overall, out of 376 total teams. We even beat all the military teams.”

Congratulations, Patrick. Thanks for sharing.

Realtor Keith Blomgren Wins Race

When they're not selling homes in the Coachella Valley, Realtors Keith Blomgren and his dad Bruce Blomgren are race car enthusiasts. It runs in their blood. Keith's grandfather Jim Blomgren was a NASCAR driver in the 1950s and '60s.

Keith recently won the April 11th Stock Car Race in the Pro 4 Division at the Orange Show Speedway. You can watch him race for a second trophy on Saturday, May 23rd, again at the Orange Show Speedway in San Bernardino.

Admission is $10 per person, $8 for seniors, military and students. Kids 10 and under are free.

Contact Deanna Ray at 674-3452 for additional information and to RSVP.