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Another Laguna Niguel Five Star Review – Highly Likely to Recommend

Another Laguna Niguel Five Star Review – Highly Likely to Recommend

So happy to have received another Laguna Niguel Five Star Review!

Colleen was ready to sell her property and needed to sell for a great price to move on with her future plans. We discussed her needs in detail and studied the comps and other home values before we listed her home for sale. After careful consideration we went with a very strong value due to some of the unique characteristics the home had. It just sold for $1,050,000. She was thrilled. Here is what she had to say:

Laguna Niguel five star reviews

“I ‘ve dealt with many realtors over the years and I can’t say enough about Jesse. He was prompt, attentive ,calm, and extremely competent. He was a great negotiator and we had more difficult case, however, he navigated it beautifully. Thank you again Jesse. I would use you again hands-down  and recommend you to everyone.” Colleen Marie Spencer


This Kite Hill Laguna Niguel home was located on a terrific corner view lot and we marketed the wonderful features it had. It was priced perfectly although many buyers believed it was overpriced as the home needed a lot of updating. But the unique lot location combined with the view gave this listing tremendous potential. We knew we could get the right buyer to purchase this home for close to list price. Thank you Colleen for your trust. It was a pleasure working with you! We did it!

Laguna Niguel five star review
Laguna Niguel five star review

To read more Laguna Niguel Five Star Reviews and Five Star Reviews for Jesse Madison in other Orange County areas please click here.

We have 18 Five Star Reviews on Zillow and we strive to keep our clients satisfied! Call Jesse Madison at 949-306-8416 for a free consultation today!


Laguna Niguel Five Star Reviews.

Search Laguna Niguel Real Estate

Laguna Niguel Real Estate For Sale Communities:
Beacon Hill, Bear Brand, Belle Maison, Cameray Pointe, Chandon, Coronado Pointe, Crest De Ville, Crown Royale, Crown Valley, Crystal Cay, Del Prado, El Niguel, Expressions, Fieldstone, Foothill, Greens East, Hampton Village, Hillcrest Estats, Kite Hill, La Veta, Laguna Heights, Laguna Niguel East, Laguna Niguel North, Laguna Niguel South, Laguna Niguel West, Laguna Sur, Laguna Woods, Lake Chateau, Links Pointe, Marina Hills, Niguel Gardens, Niguel Hills, Niguel Summit, Niguel Woods, Ocean Ranch, Pacesetter, Pacific Island Village, Palmilla, Pinnacle, Rancho Niguel, Rolling Hills, San Joaquin Hills, San Marin, Seacall, South Laguna, South Peak, Tampico, Villa Mira, Village Niguel Heights, Village Niguel Vistas I, Village Niguel Vistas II, Vista del Niguel, Vizcaya

Laguna Niguel Real Estate sold by Jesse Madison:

FHA Condo Rules Modified | More condos to be approved for FHA loans

FHA Condo Rules Modified | More condos to be approved for FHA loans

Over the holidays FHA Condo rules were modified! Changes were made to condo policies making it easier for condos to be approved for FHA loans.

The main FHA condo rules modified are:

•Redefining “owner occupied,” streamlining the recertification process for Condo developments. Properties that aren’t strictly investor properties, such as second homes, will now be included in the percentage of units that are owner-occupied. FHA requires that 50 percent of the units in condo buildings be owner occupied in order to qualify for FHA certification. This means more complexes will qualify for FHA financing!

•A streamlined recertification process internally for HUD ( FHA) to approve condo complexes.

•Allowing more insurance options. An expansion of the types of insurance considered acceptable coverage according to FHA rules, including state-run programs and co-insurance, among others.New FHA Condo Rules


FHA is committed to making financing available for more first time homebuyers and changes to condo policies are welcomed as many first time buyers are perfectly suited to buy condos as their first home. The lower price points of condos vs. single family homes is more attractive and policies that focus on making more condos eligible for FHA financing are welcomed by first time homebuyers.

Jesse Madison is a real estate broker in Orange County, CA who is very experienced in all types of FHA loans. To get FHA Condo Rulesqualified for an FHA loan and purchase a home in Orange County, CA call Jesse at 949-306-8416 or email

These FHA Condo rules will benefit first time homebuyers and lower income buyers immensely as they looking to purchase Orange County condos. FHA offers options for traditional FHA mortgages and Rehabilitation loans including FHA 203k loans. The rehab loans allow buyers to do thousands of dollars worth of repairs to the home and finance all the costs of the repairs in the home loan with just a  3.5% down payment on the home. Call Jesse or check for more details!


Email Scams targeting wire transfers in Real Estate Transactions!

Email Scams targeting wire transfers in Real Estate Transactions!

Beware of Email Scams targeting wire transfers in Real Estate Transactions

Email Scams targeting wire transfersRecent reports show that there is an uptick of email scams targeting wire transfers of real estate buyers. Sophisticated criminals are trying to steal money from unsuspecting buyers.

Here is how it works:

  1. Criminals hack into email accounts of someone involved in your real estate transaction.
  2. The criminal then steals information relating to the transaction.
  3. The criminals then email unsuspecting buyers from an email that appears to be from an individual legitimately involved in the transaction. These emails inform the buyer there has been a last minute change in wiring instructions and dupe them into wiring funds to the hackers account.

It is important to proactively communicate with your escrow and title contacts to verifyEmail Scams targeting wire transfers proper wire instructions. The National Association of Realtors has urged all members to be on high alert for these types of email scams or fraud. Here are some recommendations per NAR for fraud prevention:

Follow this guidance from to avoid becoming a victim of email scams targeting wire transfers:

•Immediately contact all parties to all of your upcoming transactions and inform them of the possibility of this fraud.  Attorneys, escrow agents, buyers, sellers, real estate agents, and title agents have all been targeted in these scams.  You can also download and distribute NAR’s online fraud prevention handout, accessible here. •If possible, do not send sensitive information via email.  If you must use email to send sensitive information, use encrypted email. •Immediately prior to wiring any money, the person sending the money must call the intended recipient to verify the wiring instructions.  Only use a verified telephone number to make this call. •Do not trust contact information in unverified emails.  The hackers will recreate legitimate-looking signature blocks with their own telephone number.   In addition, fraudsters will include links to fake websites to further convince victims of their legitimacy. •Never click on any links in an unverified email.  In addition to leading you to fake websites, these links can contain viruses and other malicious spyware that can make your computer – and your transactions – vulnerable to attack. •Never conduct business over unsecured wifi. •Trust your instincts.  Tell clients that if an e-mail or a telephone call ever seems suspicious or “off,” that they should refrain from taking any action until the communication has been independently verified as legitimate. •Clean out your e-mail account on a regular basis. Your e-mails may establish patterns in your business practice over time that hackers can use against you. In addition, a longstanding backlog of e-mails may contain sensitive information from months or years past. You can always save important e-mails in a secure location on your internal system or hard drive. •Change your usernames and passwords on a regular basis, and make sure your employees and licensees do the same. •Never use usernames or passwords that are easy to guess. Never, ever use the password “password.” •Make sure to implement the most up-to-date firewall and anti-virus technologies in your business.

Damage Control

Email Scams targeting wire transfersIf you believe your e-mail or any other account has been hacked, or that you or a client has otherwise been a victim of online fraud, you should take the following steps:     •If money has been wired via false wiring instructions, immediately call all banks and financial institutions that could possibly put a stop to the wire. •Contact your local police. •Contact any clients or other parties who may have been exposed during the attack so that they take appropriate action. Remind them not to comply with any requests from an unverified source. •Change all usernames and passwords associated with any account that you believe may have been compromised or otherwise made vulnerable by the attack. •Report any fraudulent activity to the Federal Bureau of Investigations via their Internet Crime Complaint Center. More information can be found by clicking here. •Brokers should report any fraudulent activity to their state or local REALTOR® association so that the associations can send out alerts or take other appropriate action, including contacting NAR.   Email Scams targeting wire transfers are real threats and you should do all you can to protect your assets from cyber-crime.   Be sure to use a real estate broker you trust that can guide you safely through your transaction. Contact Jesse Madison 949.306.8416 for all your Orange County Real Estate needs.

Water Leak in your home? 7 Steps to Protect Your Home and Family

Water Leak in your home? 7 Steps to Protect Your Home and Family

Water leak in your Roof?

Here are 7 steps to protect your home and family.

During the rainy season its important to protect your home from a water leak. As a real estate broker I have seen and experienced many leaks due to damaged roofing that only appears during a constant water source when raining. If you experience flooding here is what you should do.

water leak

  1. Place large buckets or trashcans to protect the flooring in your home.
  2. Dry up the existing water on the floor and place an additional plastic sheet to protect the flooring under your buckets.
  3. Poke a small hole with a pencil or nail in your drywall to prevent water accumulation in your ceiling. This provides a place for the water to drain out from the roof.
  4. If water buildup is significant be sure to cut open the drywall so the air can dry out the area above.
  5. Contract a roofer to evaluate if the damage to the roof is due to damaged paper in one small area of the roof or if the damage is more widespread. Complete roof repairs as soon as possible.
  6. Be sure that the area above the drywall is dry. Fans may be necessary to blow into the area above and dry out wet areas. Bleach may also be sprayed into wet areas to kill any mold that may be developing in these areas.
  7. Patch up drywall and texture to match the existing texture on your walls and ceiling.

water leak roofContact your insurance company to see if you have coverage for these repairs. Its important to fix leaks immediately to prevent mold and further damage to your home. If mold exists please contact a mold remediation specialist to provide mold remediation immediately. Your health an the health of all occupants in your home is the most important factor when dealing with any water leak or water damage.

If you need any assistance locating local Orange County Contractors or Roofers to assist you with your needs call Jesse Madison, Local Orange County Real Estate Broker to assist you with reputable vendors at 949-306-8416.

CAR Market Forecast | CAR is predicting a 3.2% market increase in 2016

CAR Market Forecast | CAR is predicting a 3.2% market increase in 2016

CAR Market Forecast

CAR is predicting a 3.2% market increase in 2016 citing a strong foundation and credit easing as leading factors. Read the whole story here.

CAR Market forecast

Emi looking up 2016 forecast

October 8, 2015

C.A.R. releases its 2016 California Housing Market Forecast

California home sales to increase slightly, while prices post slowest gain in five years

LOS ANGELES (Oct. 8) – California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast,” released today.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.  Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.  “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.  With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”


2016 California Housing Market Forecast 

CAR Market Forecast
CAR Market Forecast

p = projected

f = forecast

Leading the way …® in real estate news and information for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States, with more than 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

CAR Market forecast for 2016 directly from CAR Website

FHA to reduce Mortgage Insurance Premiums!

FHA to reduce Mortgage Insurance Premiums!

FHA to reduce mortgage insurance premiums
FHA to reduce mortgage insurance premiums

FHA has just announced that it will dramatically cut the cost of  mortgage insurance premiums.  Current mortgage insurance premiums are 1.25% of the loan’s value. This amount will be reduced to .85%.

This will  result in a savings of about $900 a year for most typical buyers.  It is about a 37% reduction in your mortgage insurance premium. This is a huge savings for your average family but it appears it will only impact new loans.

Read below- FHA to reduce mortgage insurance premiums and how this will impact the market in 2015:


From Marketwatch by Steve Goldstein 

link here:

WASHINGTON (MarketWatch) — On a day when President Barack Obama spoke about his administration’s new housing policy, here are five questions, and answers, on the Federal Housing Administration’s decision to cut annual mortgage insurance premiums.

How much are we talking? There will be a 0.5 percentage-point drop in annual premiums, from 1.35% to 0.85%. The White House estimates this will save $900 a year for new borrowers.

The upfront premium of 1.75% is not impacted by this.

When? No date has been announced, as of Thursday morning, but it appears to be imminent. Housing and Urban Development Secretary Julian Castro told reporters that the FHA is aiming for the end of the month to implement it.

Why now? The White House says it’s trying to help creditworthy families who can afford a home but have been shut out of the market because of the tight lending requirements.

It’s also because the FHA appears to be on a path to better financial footing. Solvency concerns had pushed premiums higher after they fell as low as 0.5% before the crisis. The FHA had been missing its target of holding capital equal to at least 2% of outstanding insurance. That ratio was negative in fiscal 2013, and 0.4% in fiscal 2014. But the FHA is now projected to meet its target by fiscal 2016.

But most notably, the cut comes amid competition from Fannie Mae FNMA, -6.10%  and Freddie Mac FMCC, -6.61% the government-backed mortgage buyers that have started offering mortgages with down payments as low as 3%. Castro denied the Fannie and Freddie move had anything to do with the FHA decision.

Some Republicans in Congress have criticized the move. “The federal government should be winding down its involvement in the mortgage business, not engaging in a race to the bottom, and it is absolutely imperative that Congress follow through on housing finance reform this year,” said Sen. Bob Corker, a Tennessee Republican.

Castro said the FHA collected nearly four times as much revenue as the losses it projects from the 2013 portfolio. “We feel like it’s a reasonable time to take this prudent measure,” he said.

What’s the impact on the mortgage market? According to analysis from Goldman Sachs, FHA currently holds a 15% market share. An FHA mortgage requires a 3.5% down payment, and the average FICO credit score is 690, vs. 760 for Fannie- or Freddie-backed mortgages. They say the move could go beyond that 15% if some borrowers opt for FHA rather than conventional programs.

And how will that impact the housing market? The same Goldman Sachs analysis found that a one percentage-point rise in mortgage rates in 2003 led to an 11% decline in housing starts. So by that math — if FHA were to get a 25% share of the mortgage market — there would be 14,000 more housing starts over the course of the year than there otherwise would be.

To put that in perspective, the annual pace of housing starts in November was 1.04 million. So, it isn’t a lot. But it comes amid a backdrop of factors that are positive for housing, notably another decline in interest rates and a growing jobs market.

What about existing FHA customers? There doesn’t appear to be any benefit for them. The FHA has yet determined the applicability to those who have sought loans but haven’t had them as yet approved.

Fannie Mae announces 97% LTV Options!

Fannie Mae announces 97% LTV Options!

Fannie Mae announces 97% LTV Options

For First-Time Home Buyers and Limited Cash-Out Refinance of Fannie Mae Loans


Only 1 buyer needs to be a first time homebuyer. Release of the program is December 13, 2014.


According to consumer research conducted by Fannie Mae, the primary barrier to homeownership for first-time home buyers is saving money for the down payment and closing costs. In support of ongoing efforts to expand access to credit and support sustainable homeownership, Fannie Mae is offering 97% LTV /CLTV/HCLTV financing to help home buyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment, and a refinance option for Fannie Mae loans. These options are designed to help lenders serve creditworthy borrowers and expand business opportunities. Refer to Selling Guide Announcement SEL-2014-15 for details. 

Key Features (apply to all options)

  • Desktop Underwriter® (DU®) underwriting required
  • 1-unit principal residence (including condos and PUDs; manufactured housing is not eligible)
  • Fixed-rate mortgage with maximum term of 30 years
  • Reserves (if required per DU) may be gifted

fannie mae



First-time home buyer (FTHB): At least one buyer must not have owned any residential property in the past three years
(full definition).
Home-buyer education and counseling: As defined in the Selling Guide, Subpart B2-2-06: Home-buyer Education and Counseling

Selling Guide Announcement SEL-2014-15 | DU Version 9.2 Release Notes (updated December 8, 2014) |

3% Down Mortgages
3% Down Mortgages

Fannie Mae announced in Selling Guide Announcement SEL-2014-15 an increase in the maximum LTV, CLTV, and HCLTV ratios for certain principal residence transactions. Fannie Mae will allow LTV ratios greater than 95% up to a maximum of 97% for:

  • MyCommunityMortgage® (MCM®) purchase transactions if at least one borrower is a first-time home buyer and pre-purchase home-buyer education and counseling is completed,
  • standard purchase transactions (non-MCM) if at least one borrower is a first-time home buyer, or
  • standard limited cash-out refinances (non-MCM) of existing Fannie Mae loans.

All loans must be fixed-rate and secured by a one-unit principal residence. Manufactured housing is not

permitted. All loans must be underwritten with Desktop Underwriter® (DU®).


For more info please click here: FAQs



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