The latest news about local real estate by Ray Shay, Co-Owner of Shay Realtors and a licensed Broker Associate with REMAX Ranch and Beach.
4S Ranch HOA Lawsuit negatively impacts local sales!
If
you own an attached condominium in 4S Ranch and you are thinking of
selling it anytime in the next year or so, you may have a serious
problem. Two recent condo sales, one in Ravannah and the second in St.
Moritz got the thumbs down from Federal Regulators who insure home loans
because the 4S Ranch HOA has a lawsuit against the builder/developer of
4S Ranch.
The
problem is not with any building or home in 4S Ranch. Rather, it is
some perimeter cement fences or block walls that are starting to lean
like a bar drunk along Dove Canyon Rd and some trees that were never
planted. To try and resolve the issue we arranged a meeting last week
with the HOA Boa
rd
of Directors, two clients and three local lenders to discuss the
matter. Special thanks (Left to right) to Phil Joseph of Direct
Lenders Mortgage, Sergio Haros of Gateway Funding, and Bobbi Askari of
W.J. Bradley. Chad Baker of Prime Lending (Not pictured) assisted as
well. We are all still hard at work trying to mitigate the black cloud
over attached condos in 4S Ranch
rd
of Directors, two clients and three local lenders to discuss the
matter. Special thanks (Left to right) to Phil Joseph of Direct
Lenders Mortgage, Sergio Haros of Gateway Funding, and Bobbi Askari of
W.J. Bradley. Chad Baker of Prime Lending (Not pictured) assisted as
well. We are all still hard at work trying to mitigate the black cloud
over attached condos in 4S Ranch
If
you need any further information, do not hesitate to give me a call.
In the meantime, it is just another reason to use a professional local
lender or a licensed Realtor that is well versed on the issues and will
represent your best interests.
Local Market Update
Have
you been to any new developments lately? Trust me the buyers are out as
well as the builders. This is especially true in Del Sur where buyers
are rushing to purchase and the builders are back at it. As long as we
don't fall of the fiscal cliff in the new year, the forecast for the
spring activity is strong.
In
the attached report, which is updated weekly, is prepared exclusively
for Shay Realtors. You will find easy-to-read graphs with statistics,
and valuable information broken down into bite-size pieces about current
market trends specifically for our zip code.
