12-11 Cover - Santa Cruz County Association of REALTORS

November 2012
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November 2012
REALTOR® is the official monthly newsletter of the
Santa Cruz County Association of REALTORS ® provided as a member service to inform, educate and update
REALTOR ® and Affiliate members on local, state and
national news, as well as the Association’s calendar of
events.
Santa Cruz County Association of
REALTORS®
2525 Main Street, Soquel, CA 95073
(831) 464-2000 (831) 464- 2881 (fax)
2012 BOARD OF DIRECTORS
President
Barbara Palmer
President-Elect
John Hickey
Secretary/Treasurer
Betty Danner
Immediate Past President
Candace Bradfield
Directors
Sandy Kaplan
Morgan Lyng
Frank O. May
John T. Peterson
Anne Marie Sorcenelli
Lauren Spencer
Bettsy Tyler
Carol VanAusdal
Chief Executive Officer, SCCAR &
Executive Director, SCAORHF
Kathy Hartman, RCE
Member Services Director,
Director of Education & Professional
Services
Norma I. Milete
President’s Message - page 3
TimFest - page 4
Congratulations Norma - page 5
“A Taste of Santa Cruz” - pages 6, 7 & 12
Honoring Our Veterans - page 8
Education Offerings - page 9
Legal Notes - page 10
In Memoriam, Christa Bennetts - page 10
Government Affairs Director’s Notes - page 11
Oktoberfest - page 12
MLS Update - page 13
MLS Statistics - page 14
Angel Investors - page 15
Calendar - page 15
Advertising, Communication
& Marketing Director
Andrea Harbert
Government Affairs Director
Dale Gray
Administrative Assistant
Leslie Flint
Bookkeeper
Linda Zoccoli
ADVERTISING INFORMATION
For advertising and deadline information,
please contact SCCAR.
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November 2012
Barbara Palmer
2012 SCCAR President
Bailey Properties, Inc.
831-688-7434 [email protected]
The most important take-away from the recent California Association of REALTORS® meeting is the volume of REALTORS® and
staff that are resolved to restore the housing market. They are
working to strengthen the housing market and protect our profession.
The C.AR. Board of Directors voted on the following:
That C.A.R. sponsor legislation in 2013 to maintain the
Department of Real Estate’s in-house regulatory enforcement
and legal staff within the department. C.A.R. has been fighting
at both the state and national level to keep the bad guys out of the
real estate and the lending business. With the merger of the
Department of Real Estate into the Department of Corporations the
That C.A.R. take a position to stop the use of eminent domain challenge of searching out the unscrupulous players in our industry
to seize underwater notes. C.A.R. Directors attended a panel that has been fading away. C.A.R. would like to rectify that situation.
included a city manager from Riverside, CA, a real estate investment
trust manager, and a representative from the banking community.
That C.A.R. Leadership appoint representatives to the DeRiverside is evaluating whether or not they should declare eminent partment of Real Estate Task Force on team names, business
domain on underwater mortgages as a way to strip the mortgages names and virtual offices. C.A.R. will create this task force to
look into these changes that our profession is currently undergoaway from the banks and assign them to the investment trust.
ing and make suggestions for the Board of Directors. We need to
That C.A.R. sponsor legislation to require a 15 day hearing keep REALTORS® professional and the public informed in order
notice to be included in the California Regulatory Notice Reg- to create good working relationships.
Continued on page 10
ister on all regulatory informal hearings, workshops, and reports. Regulatory agencies are often in the position of
implementing law, and it is the interpretation of law that can add
risk to our ability to sell and develop real estate. Policies are set by
regulators without proper input from the public because the public
may not be properly notified.
That C.A.R. oppose the securitization of pools of single
family residential (1-4 unit) REO property rentals.
That C.A.R. support renter to homebuyer programs that
speed up the ability of past distressed sellers to finance the
purchase of a home. We want to lessen the waiting period for
these possible purchasers.
That C.A.R. not oppose the Freddie Mac Investor Select
program; and seek amendments that no bulk sale take place
until 5 weeks after the REO has had a price adjustment. The
Federal Housing Financing Agency that oversees the government
sponsored enterprises (Freddie, Fannie, and FHA) has been trying
to allow bulk sales of foreclosures to investors. C.A.R. prefers that
homes are sold by REALTORS® to private parties one at a time for
the correct appraised value, rather than to investors as ‘bulk sales’
with blanket appraisals. This is a compromise position that C.A.R.
is willing to take.
That C.A.R. not oppose the sale of FHA distressed notes, and
seek amendments that a 2 year sunset date be applied to the
program. FHA has been a successful program, but there are some
distressed notes. This is a 2 year plan that seeks to make FHA healthy.
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November 2012
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November 2012
Celebrating 25 Years of Service
Join us in congratulating Norma I. Milete, Member Services Director extraordinaire, on 25 years of dedicated service to our members.
To say she has provided excellent customer service over the years
would be an understatement. Norma makes everyone feel special
and welcome when they join or visit the association. Thank you
Norma, you are one of a kind!
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November 2012
Genie Lawless, 2012 SCAORHF Chair
[email protected]
(r to l) In Kind sponsor Kelley Trousdale, Century
21 Lad, Jessica Wallace and Pam Samuelson,
Coldwell Banker Residential Brokerage
A few of the
awesome
Santa Cruz
Derby Girls
SC Derby Girl
and REALTOR® with
Sereno Group,
Jennifer Lyng
Watson and
Morgan Lyng,
David Lyng
RE chumming
it up!
Head liners, West Coast Soul, rocked the
house with the best R&B/Soul!
Gold Platinum sponsor, US Bank
and Chef Scott Cater from
Paradise Beach Grille
The Santa Cruz Association of
REALTORS® Housing Foundation would like to thank everyone who attended, sponsored
and volunteered at the eighth
annual ‘A Taste of Santa Cruz’.
This year’s event was another
huge success and would not have
been possible without the generous support of our sponsors, our
fabulous local restaurants, wineries and breweries and event
volunteers. Over 30 food and
beverage vendors participated
providing tasty bites and delicious sips to attendees. Event
guests enjoyed and danced to the
awesome tunes of West Coast
Soul and The Angelic Misfits
while the Santa Cruz Derby
Girls were on hand selling tickets for an iPad raffle. The silent
auction provided a great place
for attendees to shop and find
some excellent local items.
All proceeds from this event
help low income first time home
buyers in Santa Cruz County
through the Santa Cruz Association of REALTORS® Housing
Foundation’s Closing Cost
Grant Assistance Program. It is
with your support that we can
continue to help such individuals
and families become proud homeowners in our community.
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Team Wells Fargo Home Mortgage
Event Gold Sponsor
Elaine DellaSantina,
Keller
Williams
Realty, about
to burst with
Excitement
after winning
the iPad3
raffle!
Anne Marie
Sorcenelli,
Sereno Group,
enjoying the
game at ADR’s
booth
The Angelic Misfits opened the event with cool
60’s tunes
November 2012
2012 ‘A Taste of Santa Cruz’ Event Committee:
Elaine Della-Santina, Keller Williams Realty
Connie Landes, Sereno Group
Sandy Kaplan, Santa Cruz Properties
Inez Pandolfi, Century 21 Lad Realty
Genie Lawless, David Lyng Real Estate
Jeanne Mulhern, Keller Williams Realty
Connie Landes, ATOSC Volunteer
with Anissa Attard and Stacy Nevin
Event volunteers Sandy Kaplan,
Santa Cruz Properties and Mark
Junod, On Q Financial – thank you!
Special thanks to: Anissa Attard and Stacy Nevin for
providing tons of auction items, our set up and registration volunteers, Loree Doan, Tamara Cook, Kim Furman, Janee del Colletti, Michele Repogle, Karen
Silveira, Dee Buckelew, Linda Zoccoli, Sandy Kaplan
and Sarah Blade Photography for taking some beautiful
shots.
Charlie Duppen and Sue Brodsky,
American Dream and Zameen staff taking a
break from watching the ball game
Morgan and Megan Lyng manning
David Lyng’s Beer Garden
President Elect, John Hickey,
Monterey Bay Properties serving up
some delicious tastes
Sponsors
The efforts of these individuals, companies, restaurants, wineries and breweries are the basis for this event
and we cannot applaud them enough!
Platinum
US Bank, Caroline Ke Liu
Gold:
Keller Williams Realty,
Sereno Group and
Wells Fargo Home Mortgage
In Kind:
Kelley Trousdale, Century 21 Lad
Coldwell Banker
Media
Coastal Homes,
Good Times,
Santa Cruz Sentinel
Booth Sponsors
Alain Pinel REALTORS®
American Dream Realty
Bailey Properties, Inc.
Bank of the West
Bay Area Floors
Blue Adobe Mortgage
CHASE
David Lyng Real Estate
Fidelity National Home Warranty
Frank O. May & Associates
Friday Realty
Keller Williams Realty
McNair Real Properties
Monterey Bay Properties
On Q Financial
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Opes Advisors
Pajaro Valley Assn of REALTORS®
Prospect Mortgage
Real Estate Eight Three One
RPM Mortgage
Santa Cruz Home Finance
Santa Cruz Properties
Seabright Mortgage
Sereno Group
Sunset REALTORS®
The Hotel Paradox
Thunderbird Real Estate
US Bank
Wells Fargo Home Mortgage
WIN Home Inspection
Xchange Solutions
Continued on Page 12
November 2012
Frank O. May
Served in the Navy from 1966-1970.
Frank says he never went on a ship
but flew in airplanes. His Vietnam
service was ‘68, ‘69. He got out as a
Petty Officer 3rd Class (E-4).
Walt Joseph Hickey
Navy Corpsman, circa 1960
John Peterson
Branch of service, Army Infantry ‘69 & ‘70
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November 2012
Education
&
Professional Development
Register Online by visiting our Education Calendar or our Online Registration Center
information, effective ways of turning statistics into information
clients can use, and much, much more. Randy Turnquist,
REALTOR®-ADR, and Mark Messimer, MLS Listings, Inc.,
Training Manager will instruct this class. We are offering this
course to individuals who are not signed up for the entire series;
therefore, seating is very limited.
Learn to Stress Less at Work
Monday, November 5, 1:30-2:30
Cost: Free
Instructor(s): Janet Janssen, NLP, CHT coach and trainer, SC
Chamber member, WIB, WNA
Mortgage Loan Originators
Stressed at Work? Join us for a Special Free, Fun, session and learn
how to Stress Less! Janet Janssen, NLP, CHT coach and trainer
will demonstrate how to use simple energizing exercises to start
your day, and breath work technique you can use at your desk to
calm you down and bring a smile to your face. Beat the blahs with
a Lotus Flower meditation and see a flower appear before your
very eyes!
Wednesday, November 28, 8:30 a.m. to 4:30 p.m.
Cost: SCCAR Members $139, Non-members $155
Instructor(s): Duane Gomer Seminars
8 hour live continuing education comprehensive course. Includes
three hours federal law and regulations, two hours of ethics, and
two hours of lending standards for nontraditional mortgages and
one elective hour. Price includes a $12 NMLS Bank Fee & 130
page Reference Book.
Call us at 464-2000 to reserve your seat!
Matrix Easy 1
Advanced MLS CMA
Monday, November 12, 10:30 am - 12 pm
Cost: Free to SCCAR members with RSVP
Instructor(s): MLS Listings, Inc.
Friday, November 30, 10:30 – a.m. – 12 p.m.
Cost: Free to SCCAR Members with RSVP
This 90 minute workshop course will provide you with the basic Instructor(s): MLS Listings, Inc.
skill requirements for Matrix Search & Report. You will learn a
select group of fundamental Matrix functions in this hands-on This 90 minute course will provide you with the advanced skill
workshop. Please bring your laptop. Limited seating!
requirements for the Matrix CMA application.
Matrix Easy 2
Unless otherwise stated, all Education & Professional Development offerings are held at the SCCAR offices at 2525 Main Street,
Soquel, CA 95073
Monday, November 12, 1 - 2:30 pm
Cost: Free to SCCAR Members with RSVP
Instructor(s): MLS Listings, Inc.
This 90 minute workshop course will provide you with advanced
skill requirements for Matrix Search & Report. You will learn a
select group of fundamental Matrix functions in this hands-on
workshop. Please bring your laptop. Limited seating!
SCCP Class 9 Statistical Training
Wednesday, November 14, 9:30-12:00
Cost: SCCAR members $20, non-members $35.
Instructor(s): Randy Turnquist, Realtor-ADR, and Mark Messimer, MLS Listings, Inc., Training Manager
The final class in the SCCP Series will address the most reliable
sources of statistical information, statistics that have the most
relevance to actual market trends, best methods for culling good
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November 2012
Terry Rein
Bosso Williams, APC
Property owners facing foreclosure often worry whether a lender
can seek a deficiency judgment against them. A deficiency is the
difference between the loan balance and the value of the property
as of the day of foreclosure. For property which is under water, the
amount of a deficiency judgment can be significant. For example,
if on the day of foreclosure the loan balance was $500,000, but the
value of the property was $400,000, the lender, under certain
circumstances, could bring legal action against the borrower for the
deficiency of $100,000.
2013. SB 1069 does not change the law relating to antideficiency
protections for purchase money loans, but amends the law applicable to refinancing purchase money loans.
The new statute expressly states that no deficiency judgment is
available on any loan, refinance, or other credit transaction that is
used to refinance a purchase money loan. This exemption applies
to subsequent refinances of the refinanced loan. Additionally, the
costs of refinancing (fees, costs, and related expenses) are also
exempt from deficiency. However, a cash-out is not given antideficiency protection, but the presence of a cash-out portion does not
completely eliminate antideficiency protection. The end result of
a transaction involving a "cash out" is that a refinanced loan may
have a portion which has antideficiency protection, and a portion
which does not have antideficiency protection.
California Code of Civil Procedure 580b grants antideficiency
protection if the transaction is a "purchase money loan". Under
the rules applicable to purchase money loans, a lender cannot seek
a deficiency judgment against the borrower if the lender forecloses
on a deed of trust; the deed of trust encumbers a residential dwelling for not more than four families; the loan was used to pay all or
part of the purchase price of the dwelling; and the dwelling is Unfortunately, SB 1069 is not retroactive. The new antideficiency
occupied, entirely or in part, by the borrower.
protection relating to refinanced loans is not available to borrowers
who refinanced their purchase money loans with a different lender
Under existing law, if the purchase money loan is refinanced, antide- before January 1, 2013. On the other hand, if a property owner is
ficiency protections can be affected. If the refinancing is with the considering refinancing a purchase money loan, he or she may
original lender, the original lender is still prohibited from seeking a want to consider waiting until January 1, 2013 to have a greater
deficiency judgment. However, if the refinancing is with a different chance of preserving CCP 580b antideficiency protection affected
lender, or if the borrower took a new advance -- (principal that is not by refinancing.
applied to repay the previous loan -- sometimes called a "cash -out"),
the new lender can seek a deficiency judgment.
Terry Rein is a transactional real estate attorney at Bosso Williams
in Santa Cruz. This article is published for educational purposes
In adopting SB 1069, the California legislature has changed the and with the understanding that the information contained herein
rules relating to purchase money loans, effective as of January 1, does not constitute legal advice.
In Memoriam
The Santa Cruz County Association of
REALTORS® is sad to announce that
Christa Bennetts, a former SCCAR
member from American Dream Realty,
has passed after a lengthy illness.
These are the action items that resulted from the last C.A.R.
Board of Director’s meeting. Other items were discussed that
included revision of forms, new MLS policies, and the latest
court decisions that effect our business.
A Memorial Service will be held on:
Saturday, November 3, 2012 at 1:00PM
St. Augustine Church
257 Glenwood Dr. in Scotts Valley
If you wish to be involved with decisions on national, state, and
local REALTOR® policy, the first step is to volunteer for
committee membership at the local level. In your November
dues statement you will find a list of SCCAR committees.
Please volunteer. Help strengthen our Association.
Reception to follow at Montevalle’s Olde
Mill
Thank you.
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November 2012
From the desk of Dale Gray
Government Affairs Director
INVEST
In the past you have been asked to “donate” or “contribute” to
our REALTOR® Action Fund (RAF). This year I am asking
you to INVEST in the REALTOR® Action Fund. We INVEST
in our businesses to insure that we stay healthy. The same is
necessary for our industry. When times are good cities, counties, state and legislators look to real estate as a money
solution. When times are bad cities, counties, state and legislators look to real estate as a money solution. The dollars you
INVEST ensure that we are still able to do what we do best;
protecting private property rights and the preserving the ability for unburdened property ownership, whether it is residential or commercial.
If they are all approved, the school bond measures represent a
total of $14.5 billion in new bonded indebtedness.
More info:
http://www.caltax.org/caltaxletter/2012/100512_local_tax_electio
ns.htm
THANK YOU DALE FENDORF
Dale Fendorf stepped in earlier this year to Chair the LGR Committee after Renee Mello stepped down. Dale did a great job and
we would like to thank him and wish him well. Dale has accepted
a position in the Santa Cruz County Assessors Department. Candie
Noel will be Interim Chair for the balance of 2012.
NEXT MONTH
INVESTING can be done in several ways. Primarily, it is done by
a voluntary investment of $49 on the annual SCCAR dues bill
which is coming out this November for 2013. Additionally, you Watch for our annual Year in review 2012 and New Laws For
can invest at varying levels throughout the year, now including a 2013 effecting Real Estate.
monthly payment plan!
And FINALLY, a handful of volunteers choose to also invest their
time to serve on the Local Government Relations Committee
(LGR) and the Local Candidate Recommendation Committee
(LCRC).
OPENINGS are available on LGR and LCRC for 2013. If you are
interested in volunteering please call or text me at 209-640-2456.
RANCHO DEL MAR CENTER – Aptos Safeway Project
The LGR Committee of the Santa Cruz County Association of
REALTORS® hosts an informational update on the Rancho Del
Mar Center – Aptos Safeway project on Friday. We hosted the first
one this past June. Charles Eadie from Hamilton Swift Land Use &
Development made the presentation. They are seeking REALTOR®
input as they progress.
If you are unable to attend, you can find more information on the
project at http://ranchodelmarcenter.com/
MORE THAN 241 TAX AND BOND MEASURES ON LOCAL BALLOTS IN NOVEMBER
According to the California Taxpayers Association, when Californians go to the polls November 6, they will decide the fate of more
than 241 local bond and tax measures, including proposed taxes on
property, sales, hotel bills, marijuana, utilities, card rooms and
sugary drinks.
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November 2012
Affiliate News
Dennis Spencer
2012 Affiliate Chair
WIN Home Inspection
[email protected]
It’s a trifecta! The Giants won the World Series, The Forty-Niner’s
are in first place in their division, and the Santa Cruz County
Association of REALTORS® Oktoberfest went off without a
hitch! On Thursday, October 11th, REALTORS® and Affiliates
gathered to celebrate the season and enjoyed live music, sausages,
beer, and camaraderie with fellow members. The stein holding
contest was enthusiastically contested with five strong men and
five strong women vying for wins in their respective classes. Try
as they might they could not outlast last year’s winners, Jose
Mendoza, and Jennifer Lyng Watson who held on for the repeat
win. I for one decided it’s time for some shoulder work at the gym!
Events such as this really go a long way towards creating community and fellowship, and they cannot happen without countless
volunteers organizing, setting up, cooking, serving, and cleaning up. I must say we have an awesome group of people from the
Association that get these events done, and done well!
And speaking of volunteers and community service, October provided some prime examples of our REALTOR® community serving those in need. The Women’s Council of REALTORS® held a
fundraising event in conjunction with Hot Rods at the Beach to
raise funds for the family of Carrie McCoid. The Women’s Council
of REALTORS® should be commended for doing a great job and
providing assistance to Carrie’s family. The Santa Cruz Association of REALTORS® Housing Foundation held their fundraising
event, ‘A Taste of Santa Cruz’ at the Cocoanut Grove Ballroom on
October 25th to raise funds to help first time home buyers in Santa
Cruz County cover closing costs. Events like these speak volumes
regarding the level of volunteerism and community service our
industry puts forth and we should all be proud of ourselves, our
friends, and our community!
Restaurants/Wineries/Breweries
Aldo's Harbor Restaurant
Aquarius
Beauregard Vineyards
Bruno's BBQ
Bruzzone Family Vineyards
burger.
Carmona's BBQ Deli/Catering
Casablanca Inn & Bistro
Chaminade
Coastal Culinary Personal Chef Service
Cowboy Diner
Dessert First
Edo Sushi Bar & Grill
El Palomar
Fresh Prep Kitchens
Goose's Goodies
Hollins House
Jenna Sue's Café
Johnny's Harborside
KISS Catering
Le Cigare Volant
Michael's on Main
MJA Vineyards
Paradise Beach Grille
Pat Paulsen Vineyards
Pleasure Pizza
Pono Hawaiian Grill
Santa Cruz Ale Works
Seabright Brewery
Seascape Foods
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Solaire
Süda
The True Olive Connection
The Turkey Boat
Trout Gulch Vineyards
Uncommon Brewers
Woodstock's Pizza
Zameen Mediterranean Cuisine
Thank you also to SCCAR Staff for
helping plan, implement, market
and coordinate the event!
November 2012
New Policy Implemented for Square Footage Data
This summer, the MLSListings’ Rules Committee and Board of
Directors approved a policy change requiring a building’s square
footage be included when listing a residential property in the MLS.
Brokers and agents will be responsible for ensuring this information accompanies any listing that is entered in the MLSListings
service.
MLSListings’ technical staff is in the process of implementing the
necessary system changes to facilitate the input of square foot
information during the listing input process. The change is slated
to take effect mid-October, and Brokers will be notified once this
is in place.
Previously, the MLS system would auto-populate a property’s
building square footage by “Assessor” for the APN. However, this
data was not always available in the tax data that MLSListings
uses. If it was not available, the MLS would not publish any value
and the listing would show “—“ or ‘no value.’
those searching for properties by square footage – and those who
search this way for statistical purposes – were not seeing these
listings.
With the required addition of building square footage, an agent will
not be able to submit a listing until they enter a reliable value in the
data field. When entering a listing on the system, the property’s
APN will auto-populate from tax data if the MLS has it from the
County. The agent also can request that MLSListings use the
Realist data as “by Assessor” if the listing does not auto-populate
but the data is available in the Realist application. Please note that
this request will take at least 48 hours to process.
However, the listing agent can change the source of the data they
enter to “by seller,” “by agent” or “by paid vendor.” Additionally,
a disclaimer, such as “square footage not verified,” will be added
to all listings.
This is an important policy change that will make the MLS data
Compounding the problem is that some counties do not have a more reliable, timely and cooperative. Please help make your
strong electronic reporting capability and, therefore, the square fellow agents and brokers aware of this new requirement. We
footage of these properties is not broadly available. As a result, appreciate your support!
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November 2012
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November 2012
It takes great kindness and generosity to help fund the low income first time homebuyer
programs the Santa Cruz Association of REALTORS® Housing Foundation offers. Foundation trustees, Jeff McCormac with Wells Fargo Home Mortgage and Lela Willet with Unique
Homes & Land, are two such individuals that have both of these qualities.
Jeff McCormac , on the left in the photo to the left, always has the Foundation in mind. This
year alone he has contributed funds via Wells Fargo’s Matching Fund Program , Ping Pong
Fundraising Event, and by sponsoring our ‘A Taste of Santa Cruz ‘ fundraising event at the
Gold Level. Jeff additionally contributed much time and effort to promoting and encouraging
ticket sales.
Lela Willet has consistently contributed funds via our Escrow Contribution Program over
the years and sponsored ‘ A Taste of Santa Cruz. Serving as a Foundation Trustee, Lela
knows what a difference these contributions make.
Both of these individuals make it a point to put the effort into helping our neighborhoods
become stronger by helping first time homebuyers achieve the dream of homeownership.
We, and they, thank you.
For more information on how you can make a difference, please visit www.scaorhf.org.
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