Military Relocation Professional

I understand:
Quick Relocations
VA Financing
Military Benefits
BAH Rates
VA Loan Limits

When you receive your PCS the clock starts.
You need to move soon and sell your
current house even sooner.  As a Military Relocation Professional (MRP), I understand your unique situation and have the knowledge to make the most of every transaction, selling and buying. My goal is to find a location and community quickly, so that you and your family can feel at home.

Did you know:
You don’t have to be out of the service to use your VA Loan?
you can buy a home with nothing down and no closing costs

VA loans are easier to qualify for than a conventional loan?
Your VA Loan guarantee can be used over and over.

Did you know, when you receive your PCS orders you can request 10 days to search for a house at your new duty station?
this is called a Permissive TAD Authorization for Residence Hunting.

REF: MILPERSMAN 1320-210 Ch-10

FIND A NEW HOME BASE FOR YOUR TROOPS.

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Your Choice: Choose to live in Military housing, Rent or BUY YOUR OWN HOME.

A true story with a tragic ending…

Why Dean is so passionate and determined to talk with you…
With nothing more than desire in his heart and his entitlement to a zero down VA loan, Dean bought his first home when he was an E-4. He knew when he bought it that it wouldn’t be his last. It would simply enable him to keep up with the rise in home prices so as his family grew bigger, his home could too. By the time he was 41 years old, Dean had retired from the Navy and was living in his fourth move-up home.
Dean had a mentor when he was an E-4. His mentor tried to discourage Dean from buying his first home. He insisted Dean was getting in way over his head and he should just rent a house in Mira Mesa (like him) so he doesn’t have to worry about selling it if he is transferred out of the area.
The mentor retired in 2013 with 30 years. At the time of his retirement he was still renting the same house in Mira Mesa. His rent was now 2,350/mo. instead of the $750 it used to be 1987. The house had also appreciated more than 400%. He had lived in the house more than 27 years. It turns out— he actually did buy a house and didn’t even know it. He just bought it for someone other than his own family.
Ironically, the mentor was concerned about a future move, so he didn’t buy a house. Dean wasn’t concerned about a future move, so he did buy a house and ultimately ended up with a beautiful home by the time he retired.

The moral of the story is: sooner or later everyone will buy a house, you just need to take control of who you are buying it for!

 

NAM Award with Hardy

Our mini bio

Hi, we are Dean and Debi Carlson with Real Estate eBroker. Dean is an award winning Realtor with over 17 years of experience including 5 years mentoring other agents. He has been certified by the National Association of Realtors (NAR) as a Short Sale & Foreclosure Resource (SFR.) The SFR certification enables consulting and counseling to homeowners facing foreclosure, which is provided free of cost.

Dean retired from the Navy in 1997 with specialized training and experience in avionics / electronics. Having always been interested in real estate, he bought his first investment property as an E-4. While serving on active duty he guided his peers on using their VA loan to buy their first home, so it was a natural fit to become a REALTOR when he retired.

Debi developed her skills in marketing while owning a custom gift shop in Crestline, California.  She learned how to best promote and advertise a home while assisting Dean with his real estate marketing needs. She honed her skills to maximize and help create high quality property marketing packages for sellers and optimized the internet as a direct marketing sphere. Dean knew that combining her skills and his knowledge they would make a great real estate team.  They have the best marketing plan for Sellers and help educate first time Buyers.

Debi has been certified by the National Association of Realtors (NAR) as a Military Relocation Professional (MRP.) This Certification allows her to educate current and former military service members to find the housing solutions that best suit their needs and take full advantage of military benefits and support.

Together, Dean and Debi provide the best of the best for both Buyers and Sellers because they each have their own experience and knowledge to help someone find their dream home or sell one.

An explanation of the different alternatives to FORECLOSURE

1)    Loan Modification – Utilizing the existing mortgage company to refinance the debt or extend the terms of the loan.  This may allow the homeowner to catch up at a more affordable level.  To qualify, you must prove to the lender you have fixed the problem that caused the late payment and that you can afford to make the payments with the new terms.

2)    Forbearance – The lender may be able to provide a temporary payment reduction or suspension of payments.  Any missed payments will either be added to the back of the loan (accruing interest) or a separate repayment amount will be made once the payment suspension is over.  This option is useful if the homeowner experienced a temporary loss/reduction of income or a temporary increase in expenditures.

3)    Partial Claim – A loan from the lender for a 2ndloan to include back payments, costs and fees.  Must qualify for the loan which will very likely be at a higher interest rate and it would surely be a recourse loan, if you were to end up defaulting later.

4)    Settle with Junior Lien Holders – Junior lien holders may be willing to take as little as 5% (usually 10%-20%) of the amount owed if you can demonstrate that the loan would be completely wiped out if foreclosed upon by the 1stTD holder.

5)    Sale – If the property has equity (money left over after all loans and monetary encumbrances are paid).  The homeowner may sell the home without lender approval through a conventional home sale. In this case, the homeowner will get cash from the sale or break even.

6)    Sell and bring in money – If you have the ability, it may be worth saving the credit and any future deficiency judgments which would include fees & penalties not otherwise payable.

7)    Short Sale– Short Sale, also known as a pre-foreclosure sale, can be negotiated with your lender by your Real Estate Professional if what is owed is MORE than the property´s value. In most cases this will eliminate the need to pay any of the difference between what is owed and what the property sold for.  With the exception of HOA fees, all costs of the sale are that of the lender(s).

8)    Continue Struggling – A homeowner does not have to be destitute before a lender will approve a short sale.  Unfortunately some deplete their entire savings, retirement and children´s college tuition before they call me.

9)    Payoff/Refinance – This is rarely an option because if you are already into the foreclosure process, you have already damaged your credit and alerted potential lenders that you are having trouble. And if you are already having trouble paying your current mortgage, then getting a loan for a different one at an even higher interest rate is usually not possible. In addition, the property will most likely need some equity in it to be able to qualify. [Avoid borrowing from a friend or relative to accomplish this as the possibility of saving a house that is not worth the amount borrowed is really not worth losing an otherwise valuable relationship if things don´t go as planned.]

10) Reinstatement – Pay the entire default amount plus interest, attorney fees, and late fees.   Borrowing from a friend or relative to accomplish this is not usually a good idea since you may ruin an otherwise good relationship if things don’t get better.  A homeowner should avoid borrowing from a friend or relative to accomplish this as the possibility of saving a house that is not worth the amount borrowed is really not worth losing an otherwise valuable relationship if things don´t go as planned.

11) Deed in Lieu of Foreclosure – Give the property back to the bank instead of the bank foreclosing. Banks generally require the home be well maintained, all mortgage payment and taxes must be current and there cannot be a junior lien holder.  I would use this as a last resort in order to try to avoid a deficiency judgment, if a short sale was not approved.  Most loan applications ask if this has ever happened.

12) Bankruptcy – This option can liquidate debt and/or allow more time.  There is no guarantee a homeowner will be able to keep the house since it does not erase mortgage secured debt.  Check with a bankruptcy attorney to see if you could be eligible to settle with any junior lien holders.

 (Liquidation) – To completely settle personal debt

 (Wage Earner Plan) – Payments are made toward a plan to pay off debts in 3-5 years.

(Business Reorganization) – A business debt solution.