Obama Signs Economic Stimulus, Will Soon Reveal Homeowner Help Plan

Written by on February 18, 2009

Today’s breaking housing news is centered on two historic events: The Economic Stimulus Package – President Obama signed the $787-billion economic stimulus package in Denver, Colorado, just moments ago, in an attempt to revive the hard-hit economy and slow the tide of foreclosures. President Obama’s Housing Rescue Plan – Tomorrow the President will unveil his [...] Read more »

5 Reasons to Buy a Southern California House Right Now

Written by on February 4, 2009

Home prices just keep falling. … and they’re only expected to dip even lower. In Los Angeles County, including right here in Long Beach, already historically-low prices have plummeted by 30%! That’s quite a bit steeper than the average national drop—21% in the past year. As of today there are 2,035 homes for sale in [...] Read more »

Huge Lot Long Beach Foreclosure – Not Yet Listed

Written by on February 2, 2009

1806 Silva Avenue, Long Beach, Calif. 90807 PRE-MARKET FORECLOSURE CALL FOR PRICING AND ADDITIONAL INFO. CLICK HERE FOR MORE PHOTOS Type: Single-Family Fixer-Upper Square Feet: 1,354 Lot Size: 7,200 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1942 This huge-lot north Long Beach not-yet-on-the-market foreclosure, situated just east of the Atlantic Avenue business corridor [...] Read more »

Exclusive Insider Foreclosure List Now Update–February 1, 2009

Written by on February 1, 2009

Hi Everyone, I just updated the list.  I am getting one new property per day–so make sure you check back often. So, if you already have your password, go to the Exclusive Insider Foreclosure List now. http://markshandrow.com/reo/ If not, sign up here: http://markshandrow.com/foreclosures/ I will be sending out updates and photos of some the new homes later this week.  These properties [...] Read more »

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

Written by on January 30, 2009

Why is TARP in the news? Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to [...] Read more »

Obama’s Stimulus Package: What About Homeowners?

Written by on January 29, 2009

President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit. As the law stands now, homebuyers have to pay the first-time buyer credit back [...] Read more »

Top Five Benefits of Buying Foreclosures

Written by on January 28, 2009

Whatever your real estate goals are, investing in a bargain-priced foreclosure packs enormous potential for profit. With historically high supply and record low prices, there’s never been a better time to buy one. Here’s why: 1. Dramatically reduced purchase prices. Bank-owned foreclosures (and pre-foreclosures) cost radically less from the outset, typically deeply below their market [...] Read more »

New Foreclosure Law California SB 1137: Relief … Or Not?

Written by on January 26, 2009

New foreclosure law California SB 1137—Was it a case of too little, too late? The thousands of Los Angeles and Orange County homeowners still on the brink of defaulting on their loans likely think so. California’s record-breaking, seemingly endless spike in foreclosures has left many frustrated with SB 1137, a supposed piece of “foreclosure relief” [...] Read more »

Foreclosure Inventory Skyrockets, Home Prices Hit Historic Low

Written by on January 23, 2009

Here’s a quick, informative slice of what’s happening in the booming buyer’s market this week: 1. Foreclosures are at an all-time high nationwide. The number of foreclosures skyrocketed last year to an all-time high of 2.3 million, further deflating home prices at the fastest pace we’ve seen yet. According to Bloomberg reports out today, foreclosures [...] Read more »

How Will Obama ‘Change’ Real Estate & Foreclosures?

Written by on January 22, 2009

Sorting out the mortgage crisis and the onslaught of home foreclosures are at the top of the long list of challenges President Barack Obama is already tackling his first week in office. Obama promises to “approach the old challenge of affordable housing with new energy, new ideas, and a new, efficient style of leadership.” Yes, [...] Read more »

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