Huntington Beach Realtor Completes (SFR) Short Sale and Foreclosure Resource Designation Course

Felix Hung, RCS-D Earns NAR Short Sales and Foreclosure Certification
Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales
Huntington Beach, CA 3/26/2010 — Felix Hung with Exit Beach Cities Realty has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, REALTORS are required to take one core course and three Webinars. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.

To contact Felix Hung, Exit Beach Cities Realty to discuss how you can prevent a foreclosure, call 949-732-0081 for a confidential meeting and no pressure access to information. One of the biggest struggles for sellers facing financial difficulty is understanding their options. Felix has been trained to explain these options and strategies to homeowners so they can make the best decision for their future.

UPDATE: DEC 12, 2010 – Felix Hung is no longer associated with Exit Beach Cities Realty. The article/press release has not been altered, but was updated to inform viewers.

Living the Huntington Harbour Lifestyle with a Duffy Electric Boat

If you’re living in Huntington Harbour, let me recommend a Duffy. Duffy Electric Boats are how the who’s who of Huntington Harbour cruise the harbour on a daily basis. These easy-to-operate electric boats offer Huntington Harbour residents the luxury of having a high quality boat that they can launch by themselves and enjoy the waterways without the hassles of launching a 60 footer! The boats a super quiet, have great storage, and are built to last. If you are a Huntington Harbour resident and DON’T HAVE a Duffy, contact Matt Marshall immediately to take a ride on one this weekend.

Matt Marshall
Duffy Electric Boat Sales
562-592-3028
mmarshall@duffyboats.com

See the below videos to see some of the most popular Duffy models!

Felix Hung, SFR, RCS-D Realtor
ESQUIRE
3345 Newport Blvd #213, Newport Beach CA 92663
949-732-0081
DRE#01876487
US ARMY Veteran and former Combat Engineer (2nd ID, 3rd BDE, 18th ENG CO)
Volunteer Wrestling Coach

“Your Real Estate Consultant for Life”

A RCS-D Realtor is one that is properly trained in helping YOU avoid the common mistakes (even divorce attorneys make) in DIVORCE REAL ESTATE and who have been personally instructed by Attorney Kelly Lise Murray, the co-creator (with business partner Wendy Waselle) of “Divorce This House.”

CLICK HERE to watch a 90 second video about THE HIDDEN DANGERS associated with keeping the house in a divorce.

It’s a great time to buy and sell in Huntington Beach (Orange County, CA). There are signs from the recent market statistics that suggest we may already be rebounding from the real estate slump of recent years and there are some great homes for sale in Huntington Beach and Huntington Harbour.

Cruising Huntington Harbour in a Duffy 22 Cuddy with Matt Marshall

Here is Matt Marshall and I cruising Huntington Harbour to talk business.

Felix Hung, SFR, RCS-D Realtor
ESQUIRE
3345 Newport Blvd #213, Newport Beach CA 92663
949-732-0081
DRE#01876487
US ARMY Veteran and former Combat Engineer (2nd ID, 3rd BDE, 18th ENG CO)
Volunteer Wrestling Coach

“Your Real Estate Consultant for Life”

A RCS-D Realtor is one that is properly trained in helping YOU avoid the common mistakes (even divorce attorneys make) in DIVORCE REAL ESTATE and who have been personally instructed by Attorney Kelly Lise Murray, the co-creator (with business partner Wendy Waselle) of “Divorce This House.”

CLICK HERE to watch a 90 second video about THE HIDDEN DANGERS associated with keeping the house in a divorce.

It’s a great time to buy and sell in Huntington Beach (Orange County, CA). There are signs from the recent market statistics that suggest we may already be rebounding from the real estate slump of recent years and there are some great homes for sale in Huntington Beach and Huntington Harbour.

Most Dangerous Asset in Divorce = THE HOUSE

Kelly Lise Murray, the co-founder and president of “Divorce This House(tm),” concluded a 2 day designation class for a group of close to 30 Realtors in Long Beach today. The course material covered in this designation class is the same information the American Bar Association has recommended to all of its practicing attorneys who specialize in divorce and family law.

Kelly Lise Murray who’s credentials read as a who’s who of attorneys include: graduating Phi Beta Kappa from Stanford and cum laude from Harvard Law School, a Vanderbilt law professor, family mediator, REALTOR, and FEATURED SPEAKER at the National Family Law Conference, April 10th, 2010 in New Orleans.

I was one of the Realtors who received the RCS-D (Real Estate Collaborative Specialist – Divorce) Designation and it was one of the best classes I’ve ever attended. There are so many legal landmines in divorces and it was scary to learn that most divorcees and their attorneys were often not covering ALL the issues.

Watch the video below to ALERT you of the importance of using RCS-D Realtors and affiliates during a divorce.

Felix Hung, SFR, RCS-D Realtor
ESQUIRE
3345 Newport Blvd #213, Newport Beach CA 92663
949-732-0081
DRE#01876487
US ARMY Veteran and former Combat Engineer (2nd ID, 3rd BDE, 18th ENG CO)
Volunteer Wrestling Coach

Press Release about Felix Hung, RCS-D (Divorce Designation)

Local Real Estate Agent Earns New Appointment
Huntington Beach, CA (Grassroots Newswire) 3-9-2010 — Exit Beach Cities Realty is pleased to announce the appointment of Felix Hung to Huntington Beach’s RCS-DTM Which stands for: Real Estate Collaborative Specialist – Divorce.TM.

“Felix has always been mindful of our community here in Huntington Beach. This appointment demonstrates His willingness to be involved in the community and help others,” said Lillian Walker, Broker Owner RCS-D of Exit Beach Cities Realty.
One of the riskiest options for divorce real estate is keeping the house. Equally risky during the divorce process is using “Appraisal – Mortgage” which likely overvalues equity for purposes of Equitable Distribution (as distinguished from loan assessment for which appraisals are designed). RCS-DTM REALTORS® are trained to obtain more/earlier: that is, more real estate investigation and information, much earlier in the divorce process. The result is actual equity based on more evidence of house value (e.g., condition from a home inspection and title/lien status from a title search – ideally conducted before any property settlement negotiations and before any mandatory mediation and trial)..
EXIT Realty is growing across North America and provides sales associates with the opportunity to earn residual income over and above their own transactions and an enhanced retirement and beneficiary benefit; all of which have been unheard of in the real estate industry until now.
For more information about Exit Beach Cities Realty, please call 714 847-3454 307. Exit Beach Cities Realty is located at 7152 Edinger Ave Huntington Beach Ca.
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Documents and/or Photos available for this release:
Felix Hung Exit Beach Cities Realty Huntington Beach California Harbour Homes               949 732 0081         949 732 0081
Exit Beach Cities Realty Huntington Beach California 92647

Update: Felix Hung is no longer associated with Exit Beach Cities Realty as of December 10, 2010.

Facing Foreclosure? SHORT SALE Approval in usually 24 hours**

Select lenders have taken steps to streamline the short sale process and we work with a handful of them. They can usually have a short sale decision on approval or denial in 24 hours. How helpful would that be instead of waiting months for a decision? THIS DOES NOT APPLY TO ALL LENDERS, but don ‘t you think it ‘s worth 5 minutes of your time to find out if yours is on our list?

Hello,

My name is Felix Hung, a real estate consultant who over the past 6 years, has helped almost a hundred families with their real estate needs. Among those past clients – now friends, I have helped families facing foreclosure through the rocky and emotional highs and lows linked to short sales. My extensive and unique experience with working with attorneys, title & escrow companies, and my posiiton as a NATIONAL BPO trainer (BPO is a short sale related valuation) all help me to have an advantage over my competition. COMMON REASONS FOR A SHORT SALE: – job loss/unemployment – divorce/separation – reduction in income – unpaid taxes – landlord/tenant issues on investment properties – relocation/move – tramatic family events – high medical bills – bad investments/mismanaged finances – lawsuits and other legal actions If you are contractually obligated to a real estate professional, we cannot help you or answer your questions. Please do not contact us as your inquiries will be unanswered. Any conversation may be viewed as advice and I will not be allowed to give you advice if you are already working with a real estate professional. For unbiased information, please go to the following government websites:

http://makinghomeaffordable.gov/

http://www.ustreas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf

http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea04.shtm

http://www.fdic.gov/consumers/loans/prevention/modification/affordable.html

http://www.fdic.gov/news/news/financial/2009/fil09067.html

Rest assured, you call me, you will receive sometimes painfully honest advice. In these times, not giving painfully honest advice only makes things worse later.

Relief is around the corner,

Felix Hung, SFR, RCS-D Realtor
ESQUIRE
3345 Newport Blvd #213, Newport Beach CA 92663
949-732-0081
DRE#01876487
US ARMY Veteran and former Combat Engineer (2nd ID, 3rd BDE, 18th ENG CO)
Volunteer Wrestling Coach

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Junk Fees and How to spot them

Huntington Beach – Without the proper real estate professional representing you, you may be the victim of junk fees in connection with your real estate sale or purchase transaction. After reading this blog, you will be better prepared to fend off junk fees and you will see why your neighbors in Huntington Harbour are looking to me for real estate representation.

Why junk fees? Junk fees are slipped into larger transaction (particularly in real estate) because they are often overlooked and not noticed in the sea of figures. Even the most honest and well-intentioned service providers have some junk fees, but they sometimes are hard to spot. If you are not a first-time home buyer, do you remember when you closed escrow on your current home? What was your Realtor(r) doing during the closing? Did they thoroughly review the HUD-1 settlement statement to make sure all the items were correct? Did they know the meaning and purpose of all the fees on the HUD-1? If they did not, then how would they or could they know if the item was a junk fee or not?

With the following tips, you can better protect yourself from junk fees, but nothing beats having the best real estate consultant helping you out.

Tips for avoiding junk fees:

1. When you’re buying a home, look at your GFE (Good Faith Estimate) and negotiate then to remove any junk fees.

2. Look for item that have names like, “Admin fee, transaction fee, doc prep fee,” and ask the person helping you what specifically the fee is being paid to do for you. NOTE: A doc prep fee, if it is paid to an attorney probably is NOT a junk fee.

3. Do not be worried if you see one of the following: origination fee, loan processing fee, administrative fee; BUT, you should not see more than one. They ultimately are for the same services. I personally have conducted closings for almost every major lending institution and can tell you what fees are necessary and what fees are purely to pad the profit.

4. If it is a 3rd party fee, it is a legitimate fee. On the HUD-1 settlement statement, the lender and escrow company have to disclose who the fee is being paid to. If it is to a 3rd party who is not the lender or a lender owned company, chances are, it is a necessary cost that is not negotiable.

5. Do not get fooled by the oldest trick in the book: the lowest interest rate is not always the best loan. Often buyers believe obtaining the loan with the lowest interest rate is the best loan, but this is a common mistake for many first-time and repeat home buyers. Interest rate is one of many important factors in picking a mortgage consultant. APR (annual percentage rate) is the best way of comparison. If you want a direct comparison between two mortgages, you can compare the APRs. This will tell you which loan costs less with fees added in. Since that is the case, you could have a situation where for example mortgage A has a lower interest rate but a higher APR due to fees and probably some junk fees.

6. Do not reject any fees or services without understanding the consequences. Some fees that you pay during the course of buying a home are for YOUR protection. For example, I cringe every time a buyer rejects title insurance! Although it is not required, it quite frankly very STUPID to reject this service. It is the ONLY insurance I know of that you ONLY pay your coverage once.

7. Ask for receipts. If you are paying for a service, you are entitled to a copy of the receipt to see if the provider is padding the service price (raising it for profit).

Let me conclude by giving you some more of my personal thoughts and a disclaimer here: Not all fees are junk fees. If you needed a rush service, often times a RUSH fee or expedited delivery costs are justified. I write this to help you in avoiding junk fees, but I will bluntly and honestly tell you that I WOULD advise you to go with the best mortgage consultant or real estate consultant regardless of fees, but DO pick another service provider if they can provide equally outstanding service with less fees. Advice is priceless and at the end of the day, you want a professional who is not only looking out for your pocket-book, but also making sure you have less stress and ensures your real estate transaction closes escrow.

Recommendations for service providers is part of my services as a real estate consultant. I want you to be so happy with the service I’ve provided that you tell ALL YOUR FRIENDS AND FAMILY ABOUT my services. If you are in need of any services in Huntington Harbour or the surrounding Huntington Beach/Sunset Beach areas, I’m sure I have the best network of contacts.

Your Real Estate Consultant For Life.

Felix Hung, SFR, RCS-D Realtor
ESQUIRE
3345 Newport Blvd #213, Newport Beach CA 92663
949-732-0081
DRE#01876487
US ARMY Veteran and former Combat Engineer (2nd ID, 3rd BDE, 18th ENG CO)
Volunteer Wrestling Coach

Specializing in Luxury Home Sales.
Highly Experienced with REO/foreclosures as well as short sales.