Zbigniew Galazka

Zbigniew Galazka
cell 858-888-0243
fax 866-588-6608
zgalazka@yahoo.com
www.ZbigniewGalazka.com

CA DRE License # 01876886
AZ DRE License # SA550138000

Office in California
DANUTA REALTY                    241 S TWIN OAKS VALLEY RD
SAN MARCOS, CA 92078



Member of:
National Association of Realtors
California Association of Realtors
San Diego Association of Realtors

 

Short Sale
Short Sale can occur when the proceeds from the sale of the property is less than the current amount of the loan. Short Sale is generally used to prevent the foreclosure process. In most cases the bank will allow the Short Sale when it comes to the conclusion that the financial loss will be smaller than in the case of foreclosure. The owner of such a property will also benefit, because will avoid the negative impact of the foreclosure process on his credit history. In short, Short Sale is the process of negotiations with the bank the possibility to sell their property for less than the current amount of the loan.

 

Foreclosure
Foreclosure is a legal proceeding in which the default borrower is extinguished of all rights, title and interest on the underlying property.

 

REO
REO or Real Estate Owned most commonly refers to property owned by a lender from foreclosure of mortgages or trust deeds. The property is usually for sale.

 

 

 Equal Housing Oportunity

 

Welcome
    Regardless of whether you want to buy a house and take advantage of a great opportunity offered by short sale deals or you want to sell your property, you need an experienced agent who will help you in this rather complicated process. You can now buy your dream home saving lots of money or buy a property which you couldn't afforded before. Sometimes the whole process takes much more time and always good negotiations skills, but you need to remember that in addition to the contract between the seller and the buyer, the transaction must still be approved by the bank. It is my job to help you take advantage of the opportunities and assist you in getting desired results as quickly as possible. Let my knowledge, experience and extensive network work for you.
If you have any questions, please contact me any time.

News      01-23 -2012

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 13 rose 23.1%. Refinancing applications increased 26.4%. Purchase volume rose 10.3%.

The National Association of Home Builders/Wells Fargo monthly housing market index rose four points in January to 25 from a reading of 21 in December. It was the highest level since June 2007. An index reading below 50 indicates negative sentiment about the housing market.

The combined construction of new single-family homes and apartments in December fell 4.1% to a seasonally adjusted annual rate of 657,000 units. Single-family starts increased 4.4%. Multifamily starts fell 20.4%. Applications for new building permits, seen as an indicator of future activity, fell 0.1% to an annual rate of 679,000 units. Housing starts for the year are up 24.9%.

Existing home sales rose 5% in December to a seasonally adjusted annual rate of 4.61 million units from a downwardly revised 4.39 million units in November. The inventory of unsold homes on the market decreased to 2.38 million, a 6.2-month supply at the current sales pace, down from a 7.2-month supply in November.

Initial claims for unemployment benefits fell by 50,000 to 352,000 for the week ending January 14. It was the lowest level since April 2008. Continuing claims for the week ending January 7 fell by 215,000 to 3.432 million.

Realtor Logo