My Beautiful Sacramento

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Stuffed to the gills

Thanksgiving "Day" is over but I am still feeling the effects of all that food.  Wonderful, delicious, dishes that I don't care if I see again for another year!  I'm turkey-ed out.  Stuffed.  Maybe tamales for Christmas, eh?  Anything but a big bird and all that dressing, gravy, mashed potatoes, etc.  It is late and I should be in bed but I am too full from left overs to lay down just yet.  Feels like I have lead in my gut. 

 

This holiday has been extra special for me because it seems that more people in my life reconnected this year.  Its easy to get caught up in our own daily activities and not stay in touch with loved ones.  We know they love us and that they are there.  We know we can pick up the phone anytime, but we don't because we can do it later or tomorrow.  And those tomorrows turn into days and quickly pass by and before we know it months are gone.  Then our daily life no longer includes that special someone.  Friend, aunt, sister, brother.  Life goes by so fast. 

 

I was really excited to spend time with the people I had "misplaced."  In fact the night before Thanksgiving I felt just as excited as a child anticipating Christmas morning.   

 

Also, it seems like people are more excited about the holidays this year.  Many people I know went to all the Black Friday sales this year.  I was getting updates via Facebook.  The economy hasn't fully recovered but I know we (my family) are in a better place this year than we were last year.  My husband got laid off last year and we went through a rough patch.  I find myself feeling giddy at the grocery store these days just because I am not on that tight budget I was on last year.  Ugh! It will be a looong time before I ever eat beans again.  LOL! 

 

So, I sit here stuffed to the gills from a feast and a spirit filled with grattitude.  I am so thankful for the relationships I have in my life. 

 

I realized that what does motivates me the most and is the highest value I have, IS the relationships, my friends; my family; my clients.  Yes I do include clients, because I care a great deal about these good folks who put so much trust in me.  I cannot help but become friends with most of my clients by the time the escrow closes. I always feel a little sad when we finalize the loan documents.  Great relationships are a powerful source for helping to mold the kind of person we want to be.  Relationships are the substance that feeds the soul.  This I can fill up on without guilt, and no lead belly side effects.

If at anytime I can be of service, please don't hesitate to call me. 

Sincerely,

sacramento home buyers


Chrystina Tovani, Mortgage Advisor MLO 241089, Stanford Mortgage  Equal Housing Lender, CA license DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

Sacramento, California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are my own or from BigStockPhoto.com

sacramento home loans, sacramento mortgage, sacramento home buyers, licensed mortgage loan originators in california, roseville home loans  

Copyright © 2010 Chrystina Tovani

"I'm mad as hell and I'm not going to take this anymore!"

 

Home buyers!  Are you being forced to use a particular lender or title company in order to get your purchase contract accepted by the seller?  There is a trend going on where buyers are being forced to jump through hoops, apply for loans with the seller's lender of choice or a bank who holds a REO property forcing the buyer to obtain financing from them in order to get an accepted contract.  THIS IS ILLEGAL. If you have experienced something that is wrong " Google" FTC Guide to the Antitrust Laws  or RESPA Section 9

 

Via Greg Cook (FirstTimeHome.us):

In the movie classic Network, Howard Beal, played by Peter Finch in one of the iconic moments in movie history gives us the classic line: "I'm mad as hell and I'm not going to take this anymore!" 

I'm wondering when we as Realtors and our clients as consumers are "not going to take this anymore!"

Those of you who believe that the banks/lenders who control the REO properties are going to negotiate fairly and protect your client's interest, can probably stop reading here. 

If you think, your job is to protect your client's best interest and negotiate the best possible terms for them, might want to read on.

If you haven't heard about it yet, you will. Chase Bank in a memo to its Asset Managers, announced the Chase Finance Initiative. In an attempt to capture more of the loans that are being done on their REO properties, Chase is encouraging their asset managers to promote Chase financing.  

Problem is, they are in violation of RESPA and FTC guidelines and more importantly putting your clients at a serious disadvantage in the negotiation process.  

I'm going to quote directly from RESPA Section 9 and FTC Guidelines for Antitrust Laws, so bear with me if it's a little dry. I'm also going to quote directly from the Chase memo that outlines their Chase Finance Initiative.  

RESPA Section 9 - "Section 9 prohibits home sellers from requiring home buyers to purchase their settlement services from a particular company either directly or indirectly, as a condition of sale. Buyers may sue a seller who violates this provision for an amount equal to three times for all charges made for the title insurance." "Settlement service means any serive provided in connection with a prospective or actual settlement including but not limited to any one of the following: Origination of a federally related mortgage loan...Rendering of services by a mortgage broker..."  

FTC Guide to the Antitrust Laws - "For competitive purposes, a monopolist may use forced buying, or "tie-in" sales to gain sales in other markets where it is not dominant and to make it more difficult for rivals in those markets to obtain sales. This may limit consumer choices for buyers wanting to purchase one ("tying") product by forcing them to also buy a second ("tied") product as well. Typically, the "tied product may be a less desirable one that the buyer might not purchase unless required to do so, or may prefer to get them from a different seller. If the seller offering the tied products has sufficient market power in the "tying" product, these arrangements can violate the antitrust laws."

Refusal to Deal - Sometimes the refusal to deal is with customers or supplier, with the effect of preventing them from dealing with a rival: "I refuse to deal with you if you deal with my competitor".

     Chase's plan?   "3. Sell the fact that buyers are more likely to receive seller assistance with closing costs by using Chase financing" "8. In multiple offer situations, advise the agent that the seller will generally put more weight" on an offer with Chase financing than any other offer."  

As a Realtor, you're really going to like this section from the Chase Finance initiative: "With Chase as our primary client, (asset manager name withheld) must work with Realtors who understand the importance of Chase financing on Chase owned properties and we will begin to limit our relationships to those who can adhere to these guidelines."

I'm sure there are more examples but here are three brief ones, that amplify the disadvantage your clients would have when negotiating with Chase:

1) The lender selected by your client has a more favorable interest rate than Chase, but in order to get their offer accepted, they will have to take the higher rate by using Chase.

2) Your client asks for closing costs to be paid by Chase, but in reviewing your client's financials determines your client has the ability to pay them, and Chase counters accordingly.

3) Your client makes an offer on a Chase home that is priced below the maximum amount for which they qualify. Even though your buyers are making a prudent financial decision, Chase can counter to a higher amount solely because they know your buyer can qualify for the higher price. Think your buyers might accept the higher price if they've already written 20 offers?  

This probably isn't something that can be won in a court of law, but perhaps it can be won in "the court of public opinion".

Pass the word, reblog, protest, make t-shirts, just do something. As other banks follow this lead it will be more difficult for us to best represent your client's interest.  

As Howard Beal said: "I want you to get up right now! and go to the window, open it, stick your head out and yell I'M MAD AS HELL AND I'M NOT GOING TO TAKE THIS ANYMORE! 

Greg Cook

First Time Home Buyer Specialist

First Time Home Buyer Network

951-265-4532

greg@homebuyerhelpnetwork.com

http://firsttimehome.us

If at anytime I can be of service, please don't hesitate to call me. 

Sincerely,

sacramento home buyers


Chrystina Tovani, Mortgage Advisor MLO 241089, Stanford Mortgage  Equal Housing Lender, CA license DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

Sacramento, California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are my own or from BigStockPhoto.com

sacramento home loans, sacramento mortgage, sacramento home buyers, licensed mortgage loan originators in california, roseville home loans  

Copyright © 2010 Chrystina Tovani

Old Locks = House Party

 

Wow!  I would have never expected this to happen.  Good reason to change the locks with buying a new home. 

 

Via Michelle Gibson REALTORĀ® Wellington Florida Real Estate (Hansen Real Estate Group Inc.):

wellington florida real estateLast Friday my clients closed on a beautiful short sale.  Unfortunately changing the locks was not at the top of their list since they were not moving in right away.

I always advise my clients to change the locks after closing because you never know who has a key.  In the case of these buyer's the previous owners son still had a key and was unaware that the property had been sold.

Thinking his parents still owned the home he decided to throw a huge house party, DJ and all.  The neighbors called the police on the 30-40 party goers, but since the young man had a driver's license with that address the police did nothing.

The next day my clients received a phone call from the HOA president notifing them of the incident.  It appeared the son didn't want his parents to find out about the party and the house was spotless.  This situation could have turned out much differently.

This is a reminder to change your locks immediately after closing.

Michelle Gibson REALTOR®
Hansen Real Estate Group Inc.
561.333.0446
Wellington FL Real Estate Blog
©2010 All Rights Reserved


If at anytime I can be of service, please don't hesitate to call me. 

Sincerely,

sacramento home buyers


Chrystina Tovani, Mortgage Advisor MLO 241089, Stanford Mortgage  Equal Housing Lender, CA license DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

Sacramento, California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are my own or from BigStockPhoto.com

sacramento home loans, sacramento mortgage, sacramento home buyers, licensed mortgage loan originators in california, roseville home loans  

Copyright © 2010 Chrystina Tovani

We Received Your Payments On Time but are Foreclosing Anyway!

 

This is just WRONG!  Big companies who offer no personal attention to their clients OR employees.  Makes me ask, "What is this world coming to?"  My friend, who works for one of the big banks says that she was scared because she lives alone and wondered if something happened to her at home, how would anybody know.  She said at her job, if someone was missing from work more than a few days, nobody called them to see if they were okay, instead the company sends out a form letter dismissing them from employment.  How impersonal and uncaring. 

The bigger companies may have the money to advertise and offer low rate programs but for some folks there is greater value in customer service and actually having a real person (not someone in a call center) who "remembers who you are" to listen to your needs and take care of your transaction. 

I have always enjoyed the relationships built through helping clients with their real estate transactions.  Seeing a family get into their new home, is rewarding and in a way I always felt just as excited for them as they were. 

This is an interesting piece by a fellow Active Rainer.

 

Via Larry Bettag - Cherry Creek Mortgage:

I'm really seeing something wierd going on here:

  • Mortgage Compaines blowing up. 
  • Mortgage companies thriving

Clients are making the shift.  BIs your company compassionate to your client's needsig box lenders are so big that they're collapsing on top of their own clients

I'm dealing with a top three lender rignt now...

As an Attorney!

I've been contacted by the client.  The lender had been accepting the mortgage payments, cashing them in and, oh yes.....reporting to the credit bureaus that they hadn't made a payment for nine months and therefore the big box lender began the foreclosure process.

I've spent hours upon hours with the client getting disconnected repeatedly.  I'm an attorney looking to help my client, but many disconnections....we called again and again and the bank representative gave us their name and number.  Each time we'd call back and invariably each extension was invalid, or surprisingly enough, "Crystal doesn't work at this extension."....can you say....

 C'mon now!!!!

I call the president of our company and told him of the fiasco.  He found a high up contact in that top three fortune 500 mortgage company to investigate the my client's allegations.  What's such an paradox is that they're suing a client for foreclosure claiming that she's failed to make payments.  In the mean time she's provided all the statements and cancelled checks to prove that she's never been late with them.  As an attorney, I've told her that she has a cause of action against this mortgage company since they they're destroying her credit by reporting he not only as late, but also in foreclosure when the proof is contrary. 

But Now???  How about an Update!!!!!

The latest as of this week????  This big box today agreed....to an extent and said the following...

We acknowledge that you've made your payments and made the payments on time.  We just don't know where the money is within our company. 

Are You Friggin Kidding Me!!!!! That's one caring mortgage company. 

"We acknowledge that you've paid on time, but we're not ready to clear your credit or stop the mortgage foreclosure until we can figure out what we did with your money?" 

There's a Major Shift Gooing on with Consumers now!!!!

Mortgage Companies are shooting up the list of the top 100 even in a market when big box lenders are collapsing and more are poised to collapse, great companies are rising to the top.  Why?  Because consumers are begging for someone to care about them. 

It used to be that consumers wanted the lowest rate on the block.  Now they want a good rate, a really good rate, but for the biggest financial transaction of their lives, they'll trade a little rate to have qualified people investing in their families.  They want a relationship.  They don't want crappy service for a lower rate. 

There are a lot of great companies out there that offer great rates and exceptional service.  They might not be the lowest rate in town, but they're fair and they will create a relationship with the client that will inevitably end up with a client for life.  Big box????  Transactional, not relational.  I'm sorry, I'll take relational over transactional any day.  It may not be the cheapest rate in town, but to the client, it's a lot more cost effective.  And with the biggest investment in your life isn't it good to have a relationship as well as a point of contact?

Larry Bettag - Regional Vice President, Midwest Region

Illinois FHA Specialist

630-417-7172

 Cherry Creek Mortgage Company - Saint Charles, Illinois 

               Equal Housing Logo

An Illinois Residential Mortgage Licensee

Follow me on:

Mortgage Myth Busters

 

If at anytime I can be of service, please don't hesitate to call me. 

Sincerely,

sacramento home buyers


Chrystina Tovani, Mortgage Advisor MLO 241089, Stanford Mortgage  Equal Housing Lender, CA license DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

Sacramento, California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are my own or from BigStockPhoto.com

sacramento home loans, sacramento mortgage, sacramento home buyers, licensed mortgage loan originators in california, roseville home loans  

Copyright © 2010 Chrystina Tovani

Almost Chicken and Dumpling Soup

One of the things I love about the "Fall" season is a good soup simmering on the stove.  It really makes a house feel like a home. 

My son, who is 19, is living two hours away while he's in school and now calls me to ask for recipes.  It made me think about documenting some of them to pass along to him.

So tonight for dinner we had something I'm calling "Almost Chicken and Dumplings."   I made soup but didn't want to stand there rolling dough for dumplings so I added a little bit of potato and rice and it gave a really nice texture and flavor.  The first time I made this recipe I put in a little too much rice  and it turned into a rice dish so I tried it again tonight with less rice.  I used 1/4 cup of rice and it was just on the verge of being too thick so next time maybe 1/3 cup of rice will make it just right.

This is a very basic recipe: It's simple and can be modified - instead of rice, make dumplings if you're up to it.  The rice absorbs the broth, expands and softens.  My husband didn't realize it WAS rice.  LOL!

Cook time is going to be two sets of 45 minutes and one set of 20 minutes before it is ready to eat so plan accordingly.   It smells wonderful while it's cooking.   Makes you feel all warm and cozy.  Great for those cold winter days.

Ingredients:

  • One bunch of green onions (about 8)

Leeks are better but seem to be rather expensive these days so I have been using green onions for my soups and they seem to give it the sweetness and taste similar to leeks.

  • 2-3 good sized stalks of celery.  I also like to use the inside stalks with the leaves as it gives great celery flavor.

almost chicken and dumplings soup

Chop fine.  I don't like to bite into celery so the finer the better.

  • Fresh garlic.  I like a lot of garlic so I use about 4 or 5 cloves crushed in a garlic press. almost chicken and dumplings soup
  • One 32 oz container of Chicken broth.  I use Trader Joe's Organic Free Range broth because it has a strong flavor and isn't clear and watery like some brands.
  • One teaspoon sea salt
  • One teaspoon Poultry seasoning

  • One bay leaf
  • One teaspoon fresh ground pepper corns
  • 3 tablespoons butter  (you can also use olive oil)

almost chicken and dumplings soup

 

 

Put chopped onions, celery and garlic in pan with butter and saute (stir constantly) just until it starts getting glossy and you can see it is cooked but not browned.  Paula Deen says, "Everything tastes better with a stick of butter."  So if you are cooking healthy use the olive oil.  If you want the rich sweetness use butter.

                                                           

    Add broth and one cup of water.  (if I have extra broth on hand I substitute by adding an extra cup of broth in place of the water, makes the soup have more flavor.)  almost chicken and dumplings soup

Add a handful of chopped parsley, poultry seasoning, salt, pepper and bay leaf.

Add chopped parsley

Bring to boil and add:

  • Chicken

almost chicken and dumplings soup

I use the boneless chicken breast that I buy at Trader Joe's in the frozen section.

  • Baby Carrots

almost chicken and dumplings soup

Small bag or about 2 cups worth

  • Potatoes

almost chicken and dumplings soup

3-4 small potatoes.  Don't want to cut them too small because they will fall apart.  I cut them in half or leave them whole (depends on how small.)

Directions:

Stir and bring to a nice soft boil and then set the stove temperature to low.  On my electric stove, I set it to "3'.   Cover pot with lid and set timer to 45 minutes.  Let the soup simmer with a light boil.  Return after 45 minutes to check on soup and stir.  Cover again and set the timer for another 45 minutes.

After the second 45 minutes are up, check on the soup.  Stir a little then add about 1/3 cup of uncooked long grain rice.  You don't want to add too much rice because it will expand and absorb some of the liquid and adding too much rice will turn your soup into a rice pilaf.  So unless you are looking to make rice pilaf, don't add too much rice.  I learned the hard way.

almost chicken and dumplings soupAfter you add the rice, stir the soup and bring to a boil again.  Not a raging boil but a soft boil.  Stir once more and then set the burner temperature back to  low.  #2 or 3 on my stove.  Cover pot and set timer to 20 minutes.   Check and stir to see how the rice is cooking after time is up.  You don't want it stuck to the bottom of the pot.  It should be cooked after 20 minutes so once it looks done you can  add 1 cup of half and half to the soup.  You can also use cream but I rarely have it handy.  I use half and half for coffee so we usually have it on hand.  Milk will work also but be extra careful not to curdle it.

*IMPORTANT: Cream can take boiling, but milk will break. Don't let the soup come to a boil once the milk is added. Add the milk at the end and just heat it.  If it does curdle it will still taste good but will look yucky.

You should have a flavorful, lightly rich chicken soup.  The rice gets really soft as it absorbs the juice and will offer the thickness and satisfaction of noodles or dumplings without actually making dumplings.  If you are up for it, then make dumplings instead of adding rice.   Wild rice would be good too.  I'm thinking of adding mushrooms and wild rice.  There are many ways to experiment with this basic soup recipe.

almost chicken and dumplings soup

The above photo had 1/4 cup of rice added and is thicker. 

This time, I used only 1/3 cup of rice and liked it much better. I also cut up the chicken into bite sized pieces after it was cooked.

Bon Appetit!

 

*One way to save a soup or sauce if you accidentally curdle the milk is to add a binder such as a roux (made from flour and butter) or a slurry (made from cornstarch and water).  Add a little as a thickening agent and it should bind the milk so you don't have the curdles.

I'm not endorsing or getting paid to talk about any products, just mentioning the ones I use because I like them best. Hey, I'm a huge Trader Joe's fan. They are right in my neighborhood; the employees are always friendly and helpful. I love the familiar, family, local merchant feel. Plus they have great prices! If you go into my kitchen you will see Trader Joe's brand on just about every food product. I like them. What can I say? You find a product or service you like and you stick with it. That's how I roll.

If at anytime I can be of service, please don't hesitate to call me. 

Sincerely,

sacramento home buyers


Chrystina Tovani, Mortgage Advisor MLO 241089, Stanford Mortgage  Equal Housing Lender, CA license DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

Sacramento, California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are my own or from BigStockPhoto.com

sacramento home loans, sacramento mortgage, sacramento home buyers, licensed mortgage loan originators in california, roseville home loans  

Copyright © 2010 Chrystina Tovani