Paso Robles: Twilight Concerts in the Park. 
Each Friday evening throughout the summer, these concerts are from 5:30 to 7:30 at the City Park Gazebo downtown.  Bring your lawn chair.  Food and Wine are available for purchase.

Atascadero: Saturday in the Park  
A fun and economical way to spend Saturday nights.  Excellent lineup and the Atascadero Lake Park is a great location. 

Templeton: Concerts in the Park
If your looking for a mid-week break from the ho hums,  Templeton is the place to be on Wednesday nights.  Bring your lawn chair, bring your picnic goodies and don't forget your favorite beer or wine.  This is probably the most relaxed, family friendly way to spend Wednesday evening.

Old Wine

I went down into my cellar recently looking for some good character wine.  I found a bottle of 1998 Cabernet Sauvignon from Dark Star Cellars.  Eleven years of aging has done this wine well.  Tannin structures allowed this wine to hold up well.  Flavors of dried cherry and raspberry. It was near perfect.  All of the harsh attributes of Cab were gone leaving some great flavor.  

Norm Benson does make a good wine.  If you have experienced a good "Old Wine" recently, send me an email and I'll publish your comments. 

What is Mount Diablo Meridian?

	a)	Local Wine Blend
	b)	Survey Baseline
	c)	Vineyard on Hwy 46 West
	d)	None of the Above

(Please visit http://www.pasostyleliving.com for the answer)

I've often said the local Real Estate market is influenced by Short Sales and Foreclosures.  The terms Short Sale, REO, Purchase Money, and Recourse are used often.  These may be terms that everyone is not familiar with.  So, it may be a good time to discuss the meaning of each and what it means to the buyer and seller.

A loan is said to be a "Purchase Money Loan" if the loan is used to directly purchase Real Property.  So why does this make a difference?  In California,  Purchase Money Loans are "Non-Recourse" loans.  A Non-Recourse loan means the lien holder's only way of collecting on a bad loan is taking the property by Foreclosure.  The property owner is not liable if the property value doesn't cover the lien.   So in the case of a Refinance Loan, the lien holder (bank) has the right to sue the property owner for the full value of the loan regardless of the property value.  This is know as a  Recourse Loan.

Short Sale:  When a Real Estate sale takes place and the sale proceeds are insufficient to pay off all existing liens against the property it is known as a "short".  This then is satisfied by either the seller contributing additional money to escrow or the Lien holder agreeing to take a reduced payoff.  Often banks will agree to a "Short Sales" if the property's current value can be shown to be less than the loan amount and a Hardship situation (divorce, job loss, etc) can be documented.  These are more difficult if the property is not a primary residence.  In addition, if you are successful getting the bank to agree to a short on a non-primary residence there may also be tax consequences. 

Properties which have been taken over by Banks though Foreclosure or a Deed in Lieu of Foreclosure are known in the banking trade as Real Estate Owned (REO).  The term REO has become the common usage term to indicated Bank Owned Properties for Sale. 
 

● Most Expensive Single Family Residential Property

The above properties are listed in the Central Coast MLS and may or may not be listed by  Home and Vineyard Real Estate Brokerage.  The presentation of this information is not meant to imply any advertisement of these properties. 

The summer grilling season is quickly approaching.  So for me it's time to make my special BBQ sauce.  This is my own recipe which I'm willing to share with all.       
 

In a food processor puree the Chipotle Peppers, Prunes, and  a portion of the vinegar to create the a puree.

In a large sauce pan on low heat combine tomato sauce, pepper puree (Warning, this is spicy, you may choose to reserve a portion until you have tasted) ,   vinegar and dry ingredients.  Simmer for 15 minutes.  Store appropriately, either by freezing or canning.

ENJOY!

$299,000