HotelDel DownTown Sunset



Greetings from Jennifer Ross -  Realtor


On Valentine's Day I decided to take Valentines to the residents at the "Memory Care" unit at St. Paul's retirement home.  I found these cool cards that were 3D with dogs and cats that smiled and jumped off the card when the card was moved at a certain angle (okay, okay slightly twisted but they were fun!).  As I handed each resident their valentine and bag of M&M's, their faces absolutely lit up with smiles!
My day ended with a dozen yellow roses and dinner at JRDN on the beach...a very nice day!




WineThe Winner of This Week's Drawing Is... 


Charles Scott!
Charles won a $50 restaurant gift card - congratulations!

The next drawing will be in a few weeks......



News & Views 


The National Association of Realtors said existing home sales in January rose 4.3 percent to an annualized rate of 4.57 million units. But even more important was the news of housing inventories, which dropped to 2.31 million units, equivalent to a 6.1-month supply. That is the lowest inventory ratio since March 2005. By the way, the West led the way in sales, rising 8.8 percent over the previous month and accounting for more than a quarter of all sales across the country.


Also, a new survey found real estate is the investment of choice for 84 percent of people. That compares to just 10 percent who favored mutual funds, 4 percent who would opt for stocks and just 2 percent who would put their money in savings. "The most significant outcome of this survey is the overwhelming confidence in a long-term recovery. People understand now, more than ever, that building wealth in real estate takes time," said Gregory Rand, CEO of OwnAmerica, a marketing services company for the residential real estate industry.



Fed Makes Deal to Keep You in Your Home  

The U.S. Federal Government reached a $25 billion agreement with the nation's five largest mortgage brokers to address home loan servicing and home foreclosure abuses. Up to $18 billion will benefit hundreds of thousands of homeowners in California. In a statement, State Attorney General Kamala Harris said that "California families will finally see substantial relief after experiencing so much pain from the mortgage crisis. Hundreds of thousands of homeowners will directly benefit from this California commitment."

If you have a mortgage with any of the five major banks: Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. (formerly GMAC) you may be eligible for mortgage relief, even if you've already been foreclosed upon.

Brief Overview of the Settlement:

  • The five brokers will reduce loans for nearly 1 million households and send checks of about $2,000 to about 750,000 Americans who were improperly foreclosed upon.
  • Borrowers who are current on their mortgage payments but underwater will be able to refinance their loans.
  • Lenders under the agreement will pay billions of dollars in damages to the federal government, state governments and borrowers.

Who Gets What?

  • Immediate aid to homeowners needing loan modifications now, including first and second lien principal reduction. The loan servicers will reduce up to $17 billion in principal reduction and other forms of loan modification relief nationwide.
  • Immediate aid to borrowers who are current, but whose mortgages currently exceed their home's value. Borrowers will be able to refinance at today's low interest rates. Servicers will have to provide up to $3 billion in refinancing relief nationwide.
  • About $1.5 billion will be distributed nationwide, in the form of $2,000 checks, to about 750,000 Americans who were unfairly or improperly foreclosed upon.
  • Immediate payments to signing states, which includes California, to help fund consumer protection and state foreclosure protection efforts.
  • First ever nationwide reforms to servicing standards. These servicing standards require single point of contact, adequate staffing levels and training, better communication with borrowers, and proper standards for completing documents in foreclosure cases, ending improper fees, and ending dual-track foreclosures for many loans.
  • The State Attorney General will have oversight of national banks for the first time.

The banks will have three years to fulfill the terms of the deal. To find out more about the settlement, click here.



Video of the Week


Angus and Julia Stone: Big Jet Plane
My daughter Alexandra shared this beautiful video with me, and I thought I would share it with you as well - enjoy.



Famous Quotes


In the end it's not going to matter how many breaths you took, but how many moments took your breath away.
Shing Xiong

As always, feel free to give me a call 800-913-7677 with your real estate needs.  I appreciate your referrals.



Acedemic Earth 


Jennifer Ross


Experience Counts!
Over 22 years in
Real Estate sales
Serving all of San Diego


Office: 800.913.7677
Direct: 619.985.7340





Current Mortage Rates

 ( weekly avg)

 30 yr fixed: 4.1%

15 yr fixed: 3.35%




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