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FHA Waives 3 Years Wait Time for Short Sellers..

Real Estate Blog : Investment Property : Los Angeles : Manhattan Beach : Hermosa Beach : Redondo Beach : Palos Verdes : Torrance

This may help a few of ‘Short Sale Sellers’ who  have already “short sold”  their homes…or it can  make a big difference to future Short Sellers who are considering a “short sale”.

FHA has financing for homeowners who are short selling their home and wants to repurchase another home after the short [read more ...]

2012 be the Record Year for Short Sales

2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac.

2012 will be the record year for short sale foreclosures

Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A [read more ...]

IMproved HARP Refinance Program Expanded

Real Estate Blog : Investment Property : Los Angeles : Manhattan Beach : Hermosa Beach : Redondo Beach : Palos Verdes : Torrance

HARP Refinance Program Expanded

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down. The Federal Housing Finance Agency (FHFA) announced today that it will broaden the scope of the Home Affordable Refinance Program (HARP) by removing the current 125 [read more ...]

The Nation’s Scariest Event at Halloween

US: The scariest event to happen on Halloween is that the national debt will surpass the GDP. That means the federal government now owes more than the value of what is produced all year long by all Americans. ZeroHedge 2011 Oct 19

Ben Bernake is killing the middle class.

Amada’s Comment Get [read more ...]

Bill would encourage foreigners to buy U.S. homes

A house in San Marino, where median home prices have risen — largely because of Asian home buyers and investors — even as real estate values in the region have declined. (Gary Friedman, Los Angeles Times / January 27, 2011)

Article from L.A. Time. This could be a help of our depressed market. [read more ...]

California gets the Crown : Hottest Neighborhoods for Foreclosure Searches

Real Estate Blog : Investment Property : Los Angeles : Manhattan Beach : Hermosa Beach : Redondo Beach : Palos Verdes : Torrance

Top 10 hottest neighborhoods for foreclosure searches

California took the Crown on 5 out of 10.

1) Bullard, Fresno, California 2) Sylmar, Los Angeles, California 3) Sherman Oaks, Los Angeles, California 4) Roosevelt, Fresno, California 5) North Scottsdale, Scottsdale, Ariz 6) Mclane, Fresno, California 7) Summerlin North, Las Vegas, Nevada 8) Enterprise, Las [read more ...]

The Game of Monopoly

The Rules from The Game of Monopoly:

“The Bank never ‘goes broke’. If the Bank runs out of money, the Banker may issue as much more as may be needed by writing on any ordinary paper.”

Water-Conserving Plumbing Fixtures Requirement

California Real Estate new law in 2012

Another new disclosure law in CA: Seller to disclose if their property has Water conserving plumbing fixtures which include low-flow toilets, shower heads, and faucets. Some cities already have similar ordinances in place. If you are planning on selling or buying a residence, don’t forget to check the bathrooms.

Water Conserving Plumbing Fixtures [read more ...]

DENIED!! Home Buyers Rejection Rate High

The title for this NY Times post is “Triggers for Rejection” – about 2 millions wanna be home owners got rejected on the loan process due to various reasons.

Here’s a few tips and remedies to improve your chance to get approval:

1) Insufficient income – Remedy : buy a house that [read more ...]

Our Government at Work!!!

House Minority Leader pictured standing, far right, speaks while colleagues play solitaire Monday night as the House convened to vote on a new budget. (AP)

The guy sitting in the row in front of these two….he’s on Facebook, and the guy behind Hennessy is checking out the baseball scores.

These are the folks [read more ...]