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Community Events - Get Involved!

by Southern Californias Top Producing Mother & Son Te

A community is only what the people of the neighborhood make it. By taking an active role in what our community has to offer and by just getting out of the house and meeting our neighbors, we can build safer neighborhoods and create a real sense of extended family.

Downey is a great city to live in because they offer so many events, classes, and opportunities for it's residents! There is literally an activity everyday of the week!

Every Saturday, right in the heart of downtown Downey from 9am to 1pm, you can visit the Farmers Market.  The Farmers Market is not just a place to purchase produce, you may pick up such delights as gourmet breads and cheeses, specialty oils and fresh flowers.

The second Thursday of every month at the Downey City Library, you can join the Book Lovers Club: Booked For Lunch.  Bring a sack lunch and join other adults in light refreshments and some exciting discussions about the book of the month.

 From September 29- October 16 the Downey Civic Center will be presenting, Singin' In The Rain. The performance is offered by Downey Civic Light Opera Association, and is part of the annual series of Broadway musicals.

This is just a small preview of what the city has to offer. A great resource to you in finding events is www.downeyca.org, they list everything from classes to mixers, to clubs, to big events! You chose to move to your particular city for a reason, now it's important to maintain that relationship.  If no one participated, there would be no community!

Deed In Lieu VS. Short Sale

by Dominique Lavalee

Many homeowners who have attempted to do mondifications on their home have told us that when the bank notified them that their loan modification was rejected they were advised by the bank that they have 2 options.  We'll try to clarify those 2 options here. 

When your home enters default it can be a very confusing and scary time. The two options that banks are giving are:  A Deed in Lieu or a Short Sale. Knowing which decision to make can be a difficult one if you don't have the proper knowledge to move forward.

With a Deed in Leiu when you sign over the deed, the property now belongs to the bank, you will need to vacate as soon as possible.  If you do a Short Sale, you can stay in your home while the house is on the market and through out the escrow process.

A Deed in Leiu is basically a voluntary forclosure and unfortunately can reflect as a forclosure on your credit report. A Short Sale will show on your credit report that the debt with your bank has been satisfied, leaving you with the possibility of being able to buy again in as soon as 2 years!

If you have multiple mortgages or liens on your home, the Deed in Lieu may not even be offered as a viable option. With an experienced short sale negotiator, those banks and liens can be worked out and everyone can be taken care of with a Short Sale.

Dealing with these decisions can be a lot for a person or a family, that's why are family is here to assist you and answer any question you may have. It always pays to be informed and we are here to guide you and walk along side you on this journey.  Reach us at 877-883-1003 or 888-746-3811. 

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113