Non-Institutional Lender Definition & Website to check status Inbox

Definition: A Non-Institutional Lender, sometimes referred to as a “hard money” lender (“NIL”) is defined as: ANY party acting as a lender, except (a) any bank, savings and loan association, savings institution, credit union, trust company or national banking association, acting for its own account or in a fiduciary capacity, (b) any insurance company, pension and/or annuity company, (c) any government, public employees’ pension or retirement system or any other government agency supervising the investment of public funds, or (d) a seller acting as lender (sometimes referred to as a “carryback lender”). The criteria for an institutional lender is as follows; If a lender holds a CFL or CRMLA license, it is “institutional”. If anything other than the 2, they are considered NIL. It is best to check the lender’s name on the California Department of Business Oversight’s website https://dbo.ca.gov as a first step to check licensing status.

Lecciones de baile por internet para niños durante la cuarentena

El programa es una serie web interactiva de 10 lecciones de baile sin la necesidad de un compañero

El baile es una de las actividades más sociales que existen, pero en esta época de distanciamiento por el Covid-19, una organización de Los Ángeles ha preparado unas lecciones de baile en línea para niños y jóvenes que se pueden realizar sin necesidad de tener una pareja.

Conga Kids, una organización sin fines de lucro que fomenta el bienestar social y emocional a través del baile en pareja en las escuelas del Condado de Los Ángeles, ha modificado su programa para apoyar a los estudiantes que tienen que quedarse en casa. 

Durante el resto del año escolar, Conga Kids impartirá el programa Social Dance for Social Distancing (“Baile Social para el Distanciamiento Social”), lecciones en línea que no sólo serán para los 10,000 estudiantes de quinto y sexto grado en más de 100 escuelas en 12 distritos escolares en todo el Condado de L.A., sino también para los jóvenes de todo el país.

“Respondimos rápidamente a la crisis del Covid-19 creando contenido ‘dentro de casa’, literalmente en las salas y los patios traseros de nuestros artistas docentes, para difundirlo en los distritos escolares y así llegar a una población más amplia de niños, padres y educadores”, expresó Brad Gluckstein, Fundador y Presidente de Conga Kids. 

Como su enfoque principal, Conga Kids enseña cinco bailes de pareja: Salsa, Merengue, Swing, Tango y Foxtrot como parte del currículo escolar. Este nuevo programa es una serie web interactiva de 10 lecciones de baile sin la necesidad de un compañero de baile. El plan de estudios en línea será modificado para incluir ritmos africanos, Hip Hop, Cha Cha Cha y otros bailes divertidos y activos. Las lecciones incluirán datos históricos, así como músicos y actuaciones en vivo.

Disponible a partir del martes 21 de abril para los estudiantes actuales de Conga Kids, las lecciones en línea de 40 minutos incluirán diversos tutoriales de baile de gran energía, actividades basadas culturalmente y emocionalmente en las artes, lecciones breves sobre historia, geografía, música y más. Para proporcionar igualdad de acceso en el sur de California y en todo el país a quienes no han participado antes en el programa, Conga Kids presentará contenido gratis en su página de YouTube durante todo el mes de mayo.

Viendo hacia el próximo año escolar 2020-2021, Conga Kids también desarrollará e implementará un plan de estudios alternativo de baile «sin contacto» y ya cuenta con el compromiso de muchos distritos escolares. A través de técnicas progresivas, Conga Kids transformará la magia de su programa de baile en pareja en un formato nuevo y emocionante, mientras proporcionará acceso equitativo al arte del baile. EC

Para más información, visite www.congakids.org

Your Guide to a 100% Home Virtual Sale!

Yes, it’s possible to sell your home safely right now, 100% virtually. 1 in 4 home purchases was done sight unseen in April because buyers are still looking and are comfortable buying if you’ve got the right technology and smart marketing available. If you are ready to sell today, I can help. Message me if you have any questions on how to get started!

What If I Need to Sell My Home Now? What Can I Do?

What If I Need to Sell My Home Now? What Can I Do?

Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible. Rest assured, with technology at your side and fewer sellers on the market in most areas, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).

You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Buyers have those needs too, so rest assured that someone is likely looking for a home just like yours.

According to the NAR Flash Survey: Economic Pulse taken April 5 – 6, real estate agents indicate, not surprisingly, that there’s a noticeable decline in current homebuyer interest. That said, 10% of agents said in the same survey that they saw no change or even an increase in buyer activity. So, while buyer interest is low compared to normal spring markets, there are still buyers in the market. Don’t forget, you only need one buyer – the right one for your home.

Here’s the other thing – people are spending a lot of time on the Internet right now, given the stay-at-home orders implemented across the country. Buyers are actively looking at homes for sale online. Some of them are reaching out to real estate professionals for virtual tours and getting ready to make offers too. Homes are being sold in many markets.

There Is Less Competition Right Now

The same survey indicates that 56% of NAR members said sellers are removing their homes from the market right now. This can definitely work in your favor. If other sellers are removing their listings, your home has a better chance of rising to the top of a buyer’s search list and being seen. Keep in mind, listings will pick up again soon, as 57% of the respondents note that sellers are only planning to delay the process by a couple of months. If you need to sell right now, don’t wait for the competition to get back into the market again.

This year, delayed listings from the typically busy spring season will push into the summer months, so more competition will be coming to the market as the pandemic passes. Getting ahead of that wave now might be your biggest opportunity.

Your Trusted Real Estate Advisor Can Help

Real estate agents are working hard every single day under untraditional circumstances, utilizing technology to help both buyers and sellers who need to continue with their plans. We’re using virtual tours to show homes currently on the market, staying connected with the buyers and sellers through video chats, and leveraging resources to complete transactions electronically. We’re making sure the families we support remain safe and can keep their real estate needs on track, especially as life is changing so rapidly.

Bottom Line

Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status in your local market, contact a local real estate professional to create a safe and effective plan that works for you and your family.

Resources Available for Homeowners and Real Estate Agents During COVID-19

by Grace Keister | Apr 6, 2020 | Buying | 0 commentsResources Available for Homeowners and Real Estate Agents During COVID-19

Every which way you turn, everyone in every industry has COVID-19 on the brain – and rightfully so. States, cities, and companies are issuing statements about how they are handling everyday needs during the Coronavirus outbreak.

As a proud member of the real estate industry, First Team is here to help homeowners, real estate agents, and those in the industry stay informed about the best way to navigate these unprecedented times. Real estate has been deemed an essential business by the state of California, and below are the tools necessary to overcome the obstacles that COVID-19 may have put in your path.

We’ll be updating this list, so continue to check back. And if you have information to share with the community, email us at marketing@firstteam.com.

Mortgage Relief Available for Homeowners:

Homeowners who have a mortgage backed by the federal government have a variety of relief available in the event of financial hardship.

  • Borrowers of “federally-backed mortgage loans” experiencing financial hardship due, directly or indirectly, to the COVID-19 emergency can request a loan forbearance on their payments (regardless of loan status and without penalties, fees, or interest) for at least 180 days (with a potential additional 180-day extension).
  • Wondering if your home loan is owned by federal government agency Freddie Mac? Use this tool to find out: ww3.freddiemac.com/loanlookup
  • Multi-family borrowers with a loan that was current as of February 1, 2020, may request a similar forbearance for up to 30 days, with two additional 30-day extensions.
  • During the forbearance period, no fees, penalties or interest may accrue on the borrower’s account, beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract. Application for the forbearance is made by submitting a request to the borrower’s servicer and affirming financial hardship due to COVID-19.
  • If you are facing difficulties in making your payments but your loan is not federally backed, call your mortgage servicer to find out if they are providing any aid at this time. If you are unsure of who to call, look at the last statement you received and call the customer service number listed on that document.

Agent, Contractor, and Other Small Business Resources:

There are forgivable SBA loans available for independent contractors, and unemployment insurance that will now be extended to independent contractors. Important information and updates are available from the state and California Association of REALTORS for how these resources affect real estate agents and others in the industry specifically.

  • CAR has created a COVID-19 disclosure that is available for anyone involved in a home purchase or sale. The disclosure protects the best interests of all parties under the new operating procedures during the epidemic. First Team Real Estate agents have a company version to provide to buyers and sellers as well.
  • The federal government is providing significant relief for small businesses – including real estate agents – suffering from the impact of the COVID-19 pandemic. Learn more about eligibility specifically as a real estate agent: www.carcovidupdates.org/relief-faq-for-agents. 
  • For more information on Disaster Loan Assistance from SBA, for businesses, private non-profits, homeowners, and renters visit covid19relief.sba.gov. 
  • Independent Contractors will be able to apply for Unemployment the EDD is working on implementation procedures. Check here for the California Unemployment Insurance Program for general information about the program: edd.ca.gov/Unemployment
  • To file an unemployment claim online, go to edd.ca.gov/Unemployment/Filing_a_Claim.htm or file by phone at 1-800-300-5616. For additional language resources, check out the additional phone resources here.
  • California is providing updates on Unemployment Insurance changes related to COVID-19 here: edd.ca.gov/about_edd/coronavirus-2019.htm

For more resources on buying and selling your home during the COVID-19 epidemic in California, reach out to a local First Team Real Estate agent.

ABOUT THE AUTHOR

Grace KeisterGrace Keister is the Digital Engagement Strategist and website content manager for First Team Real Estate. Graduating from the University of California, Irvine with a degree in English and Sociology, Grace is a native Southern Californian. In her 6 years with the company, her role has grown from blog creation to social media management, digital agent support, and more.

Five things you should know before using Houseparty

see original post here

All of a sudden, Houseparty is everywhere. The video-chatting app, which makes it easy for as many as eight people to share a virtual hang, has been around since 2016, but for obvious reasons, it has surged in popularity this month: Today, Houseparty is the iOS Store’s fifth most downloaded free app in the United States. (It has already hit #1 in the United Kingdom, Italy and Spain.) If you don’t have it already, chances are good that someone you know will invite you to join it soon. 

So what’s the appeal of Houseparty, and what are the potential downsides? As its name suggests, the app is basically a virtual version of a massive get-together. If your friends are “in the house,” you can chat them up one on one—or you can gather a group in a room to talk or play games, either locking that room’s door or leaving it open for new people to walk in and join you. Here is what you need to know.

1. Instant video chat with friends 

The benefit: Houseparty draws on your personal contact lists (from your phone as well as from Facebook and Snapchat) to help you create a network of friends on the app. The app then tells you who is using it and who has used it recently. If one of your friends is on at the same time as you, hit the “join” button next to their name to be connected to them right away.
The drawback: Because friends can start conversations without any notice, make sure you’re ready to be seen when you’re using the app: You could be zapped into a conversation at any time. If you have a lot of contacts, you may want to be selective about which ones you put on your friend list; you could limit it, for example, to people you really wouldn’t mind seeing anytime. (Also, allowing any app to access your contacts raises privacy concerns—but Forbes’s cybersecurity reporter finds no major red flags, and offers some tips on how to minimize your risk.)

2. Spontaneous group hangouts

The benefit: Houseparty allows groups of up to eight people to chat at once. But compared with other apps like Zoom, it has a casual, spur-of-the-moment vibe. You don’t need to plan anything in advance or send anyone an invitation; you can instantly join any open group that contains at least one person you’re friends with. That makes it a good way to expand your social circle, like going to a real-life party with one friend you know. 
The drawback: You may not want people you don’t know butting into your chat time with friends. To control that, you can use the lock button at the bottom of the screen to close the group off. And if your kids are using the app—or if you’re a kid yourself—be mindful of the stranger danger that can come with meeting a bunch of new folks online.

3. Notifications when friends are on 

The benefit: If a friend you want to talk to isn’t using the app at the moment, you can hit the hand-wave icon next to their name to let them know you’re around; they’ll get a notification on their phone and have the option to join you or not. The app also sends you notifications by itself to let you know when contacts of yours have joined the app or when friends of yours are using it.
The drawback: If you have a lot of friends and/or contacts, you’ll be getting a lot of notifications about them. To manage this, hit the smiley-face icon on the upper left of the main screen. That will give you the option to turn off notifications completely or to mute them for individual friends. And if you’re not necessarily in the mood to chat but just want to see who’s around, you can use the app without anyone knowing by pressing the app’s icon on your phone a little longer than usual and hitting the “Sneak Into the House” option. 

4. Games with friends 

The benefit: One of the Houseparty features that users enjoy most is the availability of simple games to play during chat sessions. When you click on the dice on the upper right if your screen, you there are four options: a trivia challenge and games that are essentially versions of PictionaryHeads Up! and Apples to Apples. (The Pictionary one is the most fun.) If you’re looking to pass a little time with your buddies, these can be a major plus. 
The drawback: The games themselves are not as well developed as they could be; after a few rounds, you’ll be getting an annoyingly large number of repeat questions and clues. Given the app’s new popularity, we hope that its developers will expand on this aspect of the experience soon, since it is one of the app’s major draws. (In the Heads Up! game, at least, you can add fresh categories for 99 cents a pop.)  

5. Easy recording 

The benefit: If someone you want to chat with doesn’t happen to be around, Houseparty makes it simple to record and send them a brief video message—and get a notification when they read it. Also, the app makes it easy to record your chat sessions by hitting the ellipsis on the bottom left of the screen. 
The drawback: Houseparty doesn’t tell you if someone else is recording your conversation, so be careful if you’re chatting with someone you don’t trust—which is good advice under any circumstances, really. 

To take full advantage of Houseparty, you’ll need to use a phone or tablet. A desktop version exists, but it lacks most of the features that make the app worthwhile.

Party on!

Relief for Multifamily Landlords and Their Renters

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Freddie Mac Multifamily recently announced a relief program affecting more than 27,000 multifamily apartment properties and the more than 4 million renters who reside at those properties. Multifamily properties are apartment buildings or other rental properties with five or more units.

How this program affects landlords

An apartment building owner with a Freddie Mac Multifamily loan may work with their lender to obtain up to 90 days of forbearance on their Freddie Mac Multifamily loans if their property operations have been adversely affected by the COVID-19 pandemic.

How this program affects renters

In exchange for loan forbearance, apartment building owners must agree to not evict tenants who are themselves adversely affected by COVID-19, whether due to illness, caring for a family member, job loss, reduced hours, or temporary unpaid leave, etc. This policy will last for the 90-day duration of the forbearance period.

How will I know if my landlord is participating in the program?

The best way for a renter to know if they are eligible for relief is to ask their landlord or management company if they are participating in the Freddie Mac Multifamily COVID-19 Relief Program.

How many renters will this program help?

Just over 20% of multifamily loan volume nationwide is financed by Freddie Mac Multifamily. Currently there are more than 4 million renters nationwide who live in properties that were financed with a Freddie Mac loan.

This program does not affect every renter in the United States. It only applies to renters who live in properties that are currently financed with a Freddie Mac loan and whose owners have opted in to the COVID-19 relief program.

Note: If your landlord is not participating in the Freddie Mac forbearance program, they may be participating in a similar program through their lender.

O.C. Restaurants and Businesses Offering Goods and Pantry Staples

Photograph courtesy of Glasspar

From high-quality, raw proteins to artisan bread, keep your pantry stocked with goods from these local businesses.

➜ Selanne Steak Tavern
Laguna Beach
What: Pop-up mini market with items such as bacon, eggs, milk, produce, butchered-to-order prime meats, poultry, and seafood
How: Curbside pick-up
Order: 949-715-9881

➜ HendrixLaguna Niguel
What: Pop-up market noon-6 p.m. Wednesday through Friday, offering items such as portion-cut steaks, pork, lamb, and fish; rotisserie chickens; fresh produce and pantry items; batch cocktails and half-price bottles of wine; even household supplies such as paper towels, gloves, and bathroom tissue.
How: In-store or curbside pick-up
Order: 949-248-1912➜ GlassparDana Point
What: Fresh-caught, high-quality seafood including Alaskan halibut, salmon, tuna, shrimp, clams, scallops, and more
How: In-store pick-up
Order: 949-240-6243➜ Alta Baja MarketSanta Ana
What: Dressings, spreads, salsas, house-made soups, pozole, and pecan butter
How: Curbside pick-up
Order: 714-783-2252

➜ Whitestone
Dana Point
What: Pantry items such as eggs, milk, bread, chicken breasts, and more
How: In-store pick-up
Order: 949-489-8911➜ Arc Butcher & BakerNewport Beach
What: Select items such as eggs, milk, sliced meats, and dry goods
How: Delivery in the Lido area
Order: 949-877-0190➜ Haven Craft Kitchen + BarOrange
What: Select items such as cage-free eggs, bread, sustainable seafood, and raw meats
How: Curbside pick-up
Order: Online at toastab.com

➜ Lido Bottle Works
Newport Beach
What: Chef Amy’s Quarantine Kit (items change daily), $45
How: Pick-up
Order: 949-529-2784

➜ The Ecology Center
San Juan Capistrano
What: Farm Share: Resilience Box which comes with staple items from vegetables to fruit and add-on items such as honey, bread, and olive oil (currently sold out but stay tuned for updates)
How: Curbside pick-up
Order: Online at shop.theecologycenter.org

➜ Selanne Steak Tavern
Laguna Beach
What: Butchered-to-order meats, poultry, and seafood as well as milk, eggs, and produce
How: Curbside pick-up
Order:  949-715-9881

➜ Old Brea Chop House
Brea
What: Vacuum-sealed 12-ounce bone-in filets ($36) and 22-ounce bone-in ribeye ($57)
How: Curbside pick-up and delivery
Order: 714-592-3122

➜ The Winery Restaurant & Wine BarTustin
What: Select cuts of meat (based on availability)
How: Curbside pick-up and delivery (soon through Postmates and Grubhub)
Order: 714-258-7600

➜ Portola Coffee RoastersOrange, Costa Mesa, Huntington Beach, and Tustin
What: Straus milk (half gallon) and milk alternatives (based on availability)
How: Free shipping
Order: Online at portolacoffee.com

➜ OC Baking CompanyOrange
What: Artisan bread
How: Pick-up (bring cash and your own bags), Monday through Friday 8 a.m. to 2 p.m. and 5 p.m. to 8 p.m.

➜ NormsMultiple O.C. locations
What: Care package including 2.5 dozen eggs, bacon, sausage, hash browns, sliced fruit, biscuits, and toilet paper ($35), as well as a salad add-on
How: Pick-up

➜ Rye GoodsCosta Mesa
What: Artisan bread; organic produce boxes available every Saturday
How: Pick-up
Order: Online at ryegoods.com by Sunday for pick-up on Tuesday; pre-order produce boxes

➜ Rialto CafeFullerton
What: Eggs, bread, strawberries, tomatoes, and coffee, sourdough bread, tortillas, and more
How: Pick-up
Order: 714-525-5111

➜ Lazy Dog
 Brea, Irvine, and Orange
What: Pantry home essentials package which includes items such as milk, eggs, butter, chicken, and toilet paper ($40)
How: Curbside pick-up
Order: Order online at lazydogrestaurants.com

➜ Golden Road Pub 
 Huntington Beach
What: Vegetables, bread, paper goods, meats and dairy/non-dairy products
How: Curbside pick-up and drive-thru
Order: Order online at sked.link/goldenroadpubhb