Exit Desert Ocean Presents Clear View Home

RE Podcast Recommendations? (Members Only)
Have you listened to any of the free podcasts offered on iTunes?

I recently received an 8 gig ipod. I listened to music and life motivation/inspiration stuff. Then I discovered Ted Kopel and five free pod-casts on America. Then I laughed and thought and cried to the series supported by your sleep number Lake Wobegon with Garrison Keeler(sp). So I typed in the words "Real Estate" and lo and behold, real estate financing, investments, Re-max down loads, Sales info , stuff for being current. I would say the choice was close to 34 different authors/formates all of which I have never heard of. Now itunes is kind enough to show a popularity rating along side the selections, yet that does not give an indication of quality, relevancy- not that I am complaining because it is free.

But Beyond Free. Any recommendations from sites or author you know? I am more than curious. I am practically addicted to my IPOD.



Thanks for reading and responding



Val Rensink Exit Desert Ocean Realty Victor-ville.

World Vision Rocks the world of Children, you can too.

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SpotLight On Cheryl Ballestracci
Let Me introduce you To Cheryl Ballestracci. First, A Year for a Day should be the theme. How do you made a Day memorable to outside Businesses and Entrepreneur's?

She is a Woman with a drive. She serves consistently and with a tireless reserve of determination. She has a way of speaking that attracts the attention of those around her. In her own way she is fearless. She stepped into the role of President of High Desert Opportunity 2007. A major organization event for broadcasting the Opportunity of the High Desert. As the president of the 26th annual HDO event she took the position and opportunity very seriously. Her preparation came from many different aspects of her life, however in the recent past she served at chairperson of the Exhibit Booths. It takes a gifted person to pull together the high octane talents that are pulled into making the 2007 HDO a Success. Her oversight covered such items as chairing the many meeting, concerns and direction for the Opportunity Theater, a full Schedule of events, photo shots with exhibitors and leading speakers for the day. Then cast an eye in the direction of the Brokers Bus Tour, and the experts in areas of Demographics, Labor, Education, Transportation.

Along with the many duties of HDO that she gave her time and energy, Cheryl also spends her career time in investing. She believes in looking for the Highest and Best use of a property. She believes in creating and enhancing equity. She believes in doing what ever she touches with a thoroughness that would make most of us blush. She is a Realtor with the Keller Williams Realty Victor Valley Market Center under the leadership of Broker Brad Bodell, Operating Principal, Cindy Bostick, Team Leader.



Well there is always much more that could be said.



Thanks for reading Val  at Exit Desert Ocean Realty.

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Watch out for Seller Financing and the All Inclusive Trust Deed or Wraps.
Seller finance takes many forms--- one that is coming back is All inclusive Trust Deed, Wrap Around Deed. These are forms of Seller Financing. So many terms. But to the point Seller Financing in this market is very important and powerful. So I would like to write about Being a WRAPPER!. But First don't do this if you have any questions or hesitations about it. This article is not about why you should be a wrapper.



Why should you use and when should you use an All inclusive Trust Deed(? which commonly is often known as a Wrap Around Deed.) With the creative mortgages of the last few years having disappeared into the thin air. It is easy to predict that AITD's will resurface and be used widely.

What is an All Inclusive Trust Deed? It is like a grant deed which conveys the ownership of real estate from one person to another. It is junior or subordinate to other liens of record. It could be a Mirror AITD which means the aitd matches the numbers of the financing exactly.

What are the sellers responsiblefor? 1) responsible for any call on the note- acceleration- enacting of the due on sale clause. 2) responsible for payments, even when a collection (third party intermediary) is set up. 3) Responsible for prepayment penalties, Rate adjustments, balloon etc if any on the loan- therefore read the loan documents very carefully. 4) Responsible for any due date of the underlying loan wherein they fall due prior to the due date of the wrap.

What are the buyers responsibilities? 1 Maintain property within the guidelines of the agreement. If you cannot change the building on the property under the provisions of the wrap-then you can't. However, if you have purchased this property and disclosured you intention of higher and better use- then you can. 2) Pay insurance- additional to the insurance carried by the person named on the loan. Since you own the property, your insurance should cover the issue of fire or other applicable distruction. 3) Pay taxes, if these are set up in a impound account and included with the payment fine. 4) Make payments on time as directed by beneficiary(seller)- It is a good idea to have a third party make the payment notifying both seller and buyer that the same has been sent in a timely manner.

What are the Potention Hazards or Problems?: First) the Due on sale provisions- allowed by the contract there is a might/may enact the due on sale clause. The lender does not have to enact them. However the acceleration clause of the contract gives the Lender the right to call the full amount of the remaining part of the loan due with in thirty days. Acceleration is a demand payment of the total outstanding balance and is closely related to the idea of alienation clause because the property have 2) Interest rates higher on the underlying loan.- it is typical to charge a point additional on the wrap as profit to the seller. 3) Prepayment penalties, Balloon payments, Additional principal pay-downs and/or adjustable rates on underlying loans 4) No payments are made through escrow!! 5) Make sure insurance stays in the sellers name and get your own insurance to cover in the case of disaster. Then it is your policy that is affected since you are the owner of the property. 6) Seller does not make the underlying payments and forgets to tell you and the property goes into foreclosure and you are not aware of it. 7) Tax impounds



How do you put some safeguards into this situation? First REQUEST for Notice of Default for ALL Loans both the underlying and the wrap itself for benefit of both the buyer/borrower and the seller/beneficiary. 2) put together a collection account for payments. Due on Sale clauses are not normally built into most AITD and Deeds of Trust. Do not presume that one does or does not belong. Ask questions and get instructions as to whether or not the parties agree to a Due-on-sale provision.



Now to the part we all want--- What are the Advantages to both the buyer and the sellen in the use of the All inclusive financing??

Look for my next article on that. If you have read this far you are a hero and a star

I will be using this approach to making more deal in the High desert, and most recently I am looking to do this in the city of Hesperia.

Val Rensink Exit Desert Ocean Realty ExitDOR.

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Spot light on Community Development Technician
If you meet her, she is a little shy in manner, has that behind the counter control of the situation. Brenda Simmons is a capable Planning Tech for the City of 29 Palms.

She brings a wealth of experience and a clear understanding of zoning, maps, history that impacts and what the local politics is looking for and not looking for in development.

As I visited her on Sept 21, 2007 the issues ranged from zoning to planning to 500 year flood plan to preserving our night sky.

Preserving Our Night Sky- Light Polution, Low Sodium Lights and fully shielded. Purpose? the preservation of the night sky to enchace the view of the stars in the evening is identified as a comminity asset to the City's General Plan. Concern? The proliferation of unshielded ights in the community erodes thenight sky so the City has extablished procedures to require shielding.

Zoning: The area I came to look at is a multi family zoned area with a specific overlay. Its zoning designation is RM Mutiple Residential. That means its purpose is create and enhance and preserve areas where two or more dwelling units on the same lot are predominant. This zoning also meets with the need for a range of housing in the area.

Redevelopment Agency: This agency was established in 1993. It is allowed for under the California Community Redevelopment law. The power of this law is the issue of incremental property tax revenues which are collected. It then uses these gained revenue to eliminate blight and improve targeted areas.

Recent politics: On the City Council Mr. Kevin Cole has accepted a position to the Parks and Recreation department and therefor must resign his position on the City Council. No Drama just a good move.

Then the Flood. There are control channels for flooding. In the year 2003 there was a major flood. One of the channels was 12 feet deep in torrenting water. Earthen walls simply erode under the impact of this force. A car with Three people did not judge the depth of a crossing (6th in depth) and was swept away and all died.

What is the criterea of a 500-Year Flood Plain? It means that there is a 0.2% chance of being flooded in any given year; 6% chance of flooding during a 30-year period

compare that to a 100-Year Flood Plain: 1% chance of being flooded in any given year; 26% chance of flooding during a 30-year period. This does effect buidling codes and set backs and insurance.



Any way I had a wonderful Time with Brenda.



Thanks For Reading

Val Rensink Exit Desert Ocean Realty

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update on 29 palms retail.


Listing ID: 265886 on Property line.com
For Sale: Commercial Retail 29 Palms

Additional Agents: Howard Sharp







Area Description:
29 Palms is a military town with retail stores like Starbucks, Rite Aid, Walgreens, Kragen moving in. It is the town servicing the marine base. The Marine base generates over $400,000,000 in yearly payroll plus various building projects. The main street of 29 plams has a traffic count of 20,000 daily. News $461 Million contract with Allied Container systems and a $9.8 Million contract with Rogers-Quinn Construction with positively affect the ecomony of this Area. 5000 new troups being added to the marine base.

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Montain Vista or Felony Flats- where would you like to live? (Members Only)
There is a section of land. It is zoned R-3. It is not too far from my home in Apple Valley. If you talk with anyone about it, it is commonly known as Felony Flats. Why is that? Now, I have never checked to see if what I am going to print is true but common knowledge- town gossip is that if you check there are more felons in this area than most other areas of the High Desert/Victorville/ Apple Valley. I don't know if it is true, but I have met with Realtors, agents, builders, owners, Architects and others and with out hesitation they refer to that area as felony flats. Well, I would like to be one of the people who would change that. I would like to change the perception of the area, the reality of the area, the living conditions of the area.

The First step is to call the area and area roughly bordered by route 18, Ranchiarias, Otoe and Dale Evans Parkway by it's right name. That name is Mountain Vista. It is an appropriate name. There is a very nice Granite Hill to the West of It and if you want a view of the other mountains it is available. By the way the road designation is mine and not a city planner or planning commission. It is an area that over the next several months I hope to become an expert on.

So, here is the question that a Realtor faces. How do you refer to an area and give correct information but not give a prejudicial slant?



Thanks for Reading



Val  Rensink                    Exit    desert Ocean Realty