Tag Archives: san diego

San Diego’s LEED Platinum Dome Home

San Diego/Point Loma has a new LEED certified platinum home.  This home is a “dome-home” and the owner reports that his motivation for creating this home:

“One, was to do the very best I could to live with lowered demands on critical environmental systems. To me that meant living in a home that uses less energy and resources, creates less pollution and trash, and especially in Southern California, uses less water. My environmental activism began in 1981 when I started leading wilderness backpacks and hikes for the San Diego chapter of the Sierra Club. My green-building experience began in 2001 with my involvement in the construction of the Friends Center—a straw-bale office building for four non-profits that incorporated light-gauge steel (some “curved”) and radiant-floor heating.

How would this home be valued with all its green features?  Contact the appraisers at http://www.scappraisals.com ; they specialize in green properties.

 The second reason was to create a model for building professionals. Architects and contractors are invited to come and learn about the “green” systems, materials and techniques I’ve discovered over the last ten years of research. This is the volunteer part of this effort—helping them incorporate this philosophy of construction into their building practices.

The third reason for building this home is to use it as a model home for those of like mind who would like to reduce the destructive nature of their  environmental foot-print while living in the comfortable, healthy and inspiring space of an open, two-story urban dome. This is a four bedroom (or three bedrooms and an office) two bath home with a total area of 2,235 sq ft. This 42 foot diameter dome can be built on any lot with a width of 50 ft or more. This is a new kind of dome structure—never before done to my knowledge. Unlike the old geodesic dome, this home uses “curved” light-gauge steel studded walls to form the dome. There’s no dimensional lumber used and so no forest ecosystem destruction”.

The home owner reports that this feature is his favorite feature of the home is the radiant-floor space heating using solar heated water.  The system circulates hot water below the floor and the heat radiates upward and floats up to the top of the dome where there is a vent to the exterior.

The owner reported that his last utility bill the natural gas was 97 cents, his water bill was $6 and his electrical bill was a -$81 credit to him from the utility company.

 Read more about this property at: http://www.domicilesforanewamerica.com/Green_Dome_Home.php

Disclaimer:for information and entertainment purposes only

Risks, Rewards of Buying Foreclosures

It’s hard to look at the rock-bottom prices for foreclosures and short sales in the Chicago area and not feel you could get a great deal.

Contact the appraisers at www.scappraisals.com for foreclosure value questions.

After all, homes that are going for 50 percent off might seem like a once-in-a-lifetime opportunity. But buying troubled properties is a frustrating, time-consuming process, filled with hassles and potential risks.

“You buy a short sale or foreclosure as is. No warranties. That can be a problem,” said Steve Hovany, a housing analyst and president of Strategy Planning Associates in Schaumburg.

“Foreclosed properties often are handyman’s specials. Many of them have been vacant for months or years and require major repairs. Not only that, but some previous owners may not have been nice to the house that ruined their life.”

Sara Benson of Chicago-based Benson Stanley Realty, added: “Some angry owners with foreclosed homes put concrete down drains. The house may be literally destroyed. The buyer may get just a shell and the land.”

Read more at: http://www.chicagotribune.com/classified/realestate/foreclosure/ct-mre-0610-foreclosures-20120607,0,6252097.story

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It Pays to be Proactive in a Short Sale

Under new guidelines set down by Fannie Mae and Freddie Mac, underwater borrowers who are seeking to sell their homes for less than what they owe must now receive decisions from their lenders within 60 business days. But if they are not careful, floundering borrowers can cause delays beyond the two-month deadline.

Contact the appraisers at www.scappraisals.com for short sale values.

The new rules, which took effect June 15, apply only to loans owned or rolled into securities by Fannie and Freddie. But because the two mortgage giants are the main conduits between primary lenders and investors in mortgages, their precepts cut a wide swath.

More than 10 million homeowners are said to be underwater with their mortgages. Not all want to get out. Many are content with their current situations and have no intention of moving, at least for now. Others continue to hold on in hopes that values will start rising again.

Unfortunately, others need to go, and many of them would rather sell at a loss through a short sale — a loss their lenders would have to absorb — than have their homes taken away.

The new 60-day rule became necessary because lenders were taking an inordinate amount of time to make up their minds — eight months on average at one point, according to RealtyTrac, a foreclosure data firm. It took so long to receive an answer that many would-be buyers became tired of waiting for a decision and went elsewhere.

But borrowers need to realize that the rules cut both ways. While lenders are required to adhere to faster timelines, borrowers also must do their part. Otherwise, they can short-circuit their own short sale.

A decision can be delayed, for example, if all the paperwork the lender requires has not been supplied. If something as simple as a photocopy of a driver’s license is missing, a borrower might have to start the process over, says Steven Horne of Wingspan Portfolio Advisors, a firm that services nonperforming loans.

Consequently, Horne and others agree that the most important thing a borrower can do is engage the services of a real estate professional or attorney who has experience in short sales, preferably with their particular lender. Not to bash rookies, but now is not the time to allow someone to cut his or her teeth on a deal.

Read more at: http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0621-short-sales-20120622,0,2460153.story

Disclaimer: for information and entertainment purposes only