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| VOLUME 7 | OCTOBER 2022
LO C A L L I F E ST Y L E P U B L I C AT I O N
MeganÕ s Message
VOLUME 5
I
ISSUE 5
Announcements!
Did you know about the California Mortgage Relief Program?
MeganÕ s Moving Box Exchange!
The California Mortgage Relief Program, which launched in December 2021, has
Just moved to the area and have
no idea what to do with your broadenedthe eligibility to help homeowners haveDiego fallen behind on estate?! their What heck isCalifornia happening inwho San real moving boxes? Or preparing for a Meet your neighbor housing payments because of the Covid-19 pandemic. As of May 2022, the program Are homes even selling? Can I even get a loan right now? move and need boxes? has provided $32 million in grants for low-and moderate-income homewoners. Wendy Reynolds These are some of the questions I get on a daily basis in We have what you need, call or The program covers past due mortgage paymenst as a one- time grant - up to text to pick up or drop off yourOur spotlight this month is on the midst of our COVID19 shelter in place period. $80,000 per household - with a direct payment to the homeownerÕ s mortgage servicer. ßattened moving boxes today!
Wendy Reynolds of Talmadge. As part of the expanded program, past due property taxes for eligible applicants are andbut benefit to their This service!), and if A San Diego native, Reynolds I covered am here tellforyou that homes notto only those whoindeed, are behind on their mortgages now forthanks those who exchange is hosted by Megan are current well,people up to $20,000. There isloans. no cost to participate andborrowing the money does you are $701,500Beauvais, or less,Realtor¨ which at Compass. grew up in Clairemont, went to are selling as and are getting not need to be repaid. puts you in the conventional financing Mission Bay High School and It’s still a bit early to see any price category, many lenders will still allow you adjustment trends as we tend to measure Basic qualiÞcations for mortgage and property tax relief include all of the the following: to put as little as 5% down. All loans and that trend over a 3–6 month time frame allcountyÕ lenders aremedian not created equal, nor are and we¥ just don’t have that hindsight Household income at or below 150 percent of their s area their financing programs. Contact me for as of yet.income But I (the canprogram tell youwebsite that I has am an still AMI calculator); a referral to a trustworthy lender that can consistently seeing multiple offers on ¥ Own one single-family home, condo, or permanently afÞxedyou manufactured provide the information you need to properties in San Diego, particularly in the home in California; get started in your research. $1.2 million range and below with both my buyer and seller clients. Of course, ¥ Experienced a pandemic-related Þnancial hardship after January 21, 2020; If you would like to explore buying and/ this depends on the location and overall or selling inand thisare ever changing market, presentation, withtwo anmortgage already payments very ¥ Missedbut at least before June 30, 2022, give me a call at 619.944.2798 or email limited set of housing inventory currently delinquent; and for buyers me at Megan@MeganB.com. I’d be happy out there to choose from, it’s even tighter ¥ Pastthat due amount of qualify $80,000 for or less application to theyou program discuss with what sets my service now. Those can still a at the time ofto apart from the rest! loan are able to take advantage of the Basic qualiÞcations for property tax relief only include all of the following: still low rates and achieve their dream of homeownership, moving up, downsizing. ¥ Either mortgage-free or or current on mortgage payments; and ¥ Missed atlittle least tricky one property payment prior to May 31,2022. Loans can be a thesetax days for a primary residence and trickier still California received $1property. billion in federal for this program, which will continue until for an investment For afunds primary the funds are allocated, which must be no later that 2026. While there is no strict residence loan, with many (but not all) deadline to apply, homeowners in need should apply as soon as possible. lenders, you should count on having at least 20% to down if you are needing to Program website, camortgagerelief.org, In addition the California Mortgage Relief borrow $701,501 or higher as this puts you relief options and frequently asked you can Þnd addtional information about mortgage questions on theloan” Housing Is Key website: in the “jumbo category. Mosthttps://housing.ca.gov/homeowners/ lenders mortgage_relief_foreclosure_resources.html. California homeowners facing potential are still processing VA loans up to $1 million foreclosure are also encouraged to contact their mortgage service provider or a HUD$0 down (always an incredible opportunity certiÞed counselor at 800-569-4287.
Please pass this information on to anybody who may be in need of such services as this does not appear to be widely advertised. I just learned of it myself by reading the Dept. of Real Estate bulletin. LetÕs all help each other attain a healthy Þnancial future!
Have questions about real estate? Contact Megan!
In May of 2019, Reynolds made San Diego Restaurant WeekTalmadge her home. A graphic Sept. 25th - Oct. 2nd designer for 25 years, she has owned her own design business, San Diego Restaurant Week, Olive Design for 20 years and is hosted by the California Restaurant Association, returnscurrently freelancing. Ultimately, with over 100 restaurants across she is looking for a permanent 30+ neighborhoods for 8 days of employee position (hint, hint). dining. Indulge and support local restaurants with diverse menusYou can find her online portfolio featuring special prix-Þxe pricing at wendyreynolds.myportfolio. throughout the county. com. In her free time, Reynolds Reservations are not required to loves hiking, mountain biking, participate in this foodie-favorite print making, art shows and week but are highly recommended! happy hour. Her passions Visit sandiegorestaurantweek.com include travel, photography for more information. and she loves her adorable dog, Diego. If you see them out in the neighborhood, be sure to say hello! Happy to have you here, Wendy!
Have Questions About Real Estate? Contact Megan!
Megan Beauvais REALTOR® 619.944.2798
attended San Diego State for college, “GO AZTECS!” Along Adams Ave Street Fair the way Reynolds moved to Sept. 24th - Sept. 25th San Francisco and after 20 years in the Bay Area, she Theshe 40thneeded annual Adams Avenue decided a change Street Fair is a free two-day music and made the move back to her festival held each year in the hometown of San Diego. Afterfrom community of Normal Heights - 10pm! This houses, event features going 10am to area open 50 musical actsTalmadge. on Þve stages, she came across beer gardens/beer tastings, festival According foods to andReynolds, craft booths.“I loved the friendly neighborhood For more information visit vibe and allAdamsAvenueStreetFair.com the planned activities. I haven’t seen a neighborhood This event is hosted by the Adams quite like Talmadge.” Avenue Business Association.
megan@meganb.com DRE 01426805
Megan Beauvais REALTOR¨, GRI, DRE# 01426805 | 619.944.2798 | Megan@MeganB.com | www.MeganB.com Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate.
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been veriÞed. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. This information is provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Compass is not offering legal, Þnancial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. Home must qualify under Compass Concierge guidelines. Subject to additional terms and conditions.
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