Shandrow Group Featured in German Documentary on California Foreclosure Market

Shandrow Group Goes International! We’re proud to announce that Shandrow Group will soon be making its European television debut in a German “60 Minutes”-style documentary on the booming California foreclosure market. We were honored to have Munich-based FOCUS TV Produktions GmbH along for the ride for an entire day last week as editor Kirsten Moser [...] Read more »

Brilliant Bank-Owned Alamitos Beach Condo—Priced to Sell

GREAT LOCATION: ALAMITOS BEACH OCEAN AIR. GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL! PRICE: $135,000 (only approx. $207 per square foot). THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709 CROSS STREETS: ORANGE & ESPERANZA CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building) CONDO SIZE: [...] Read more »

Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program. The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or [...] Read more »

Mark’s Insider Notes From the Spring 2009 Reomac Conference

I had the pleasure of joining 3,000 fellow real estate agents earlier this week as we converged in Palm Desert, Calif. for the spectacular Spring 2009 Reomac Conference. There I gained the latest insider news on successful short sales, foreclosure inventory, loss mitigation and a host of other hot real estate topics that will strengthen [...] Read more »

Ultramodern Pine Avenue Courtyard Lofts

Address: 819-849 Pine Ave. Long Beach, CA Units: 16 Types of Units: 1 bedroom (private upstairs master bedroom lofts), 1 bath Size Range: Approx. 800 sq. ft to 1,150 sq. ft., varied floor plans Stories: 2 Year Built: 2005 Average HOA Dues: $215 Indoor Amenities: •    Ultramodern downstairs fireplaces •    State-of-the-art gourmet kitchens, some outfitted [...] Read more »

Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

Here is what you need to know about President Barack Obama’s new Homeowner Affordability and Stability Plan (HASP) to help stabilize the housing market and help millions of struggling borrowers keep their homes. What is it? Who is eligible? How will it directly impact you and your family? The first portion of HASP, the Homeowner [...] Read more »

Southern California Home Prices Plummet as Foreclosures Rise

Southern California home prices have fallen to 2002 levels, according to a recent Los Angeles Times report, and they won’t stop plummeting any time soon. SOCAL HOMES BECOMING MORE AFFORDABLE Studies show that significantly more people will be able to realize the American dream of home ownership in Southern California than they have been since [...] Read more »

The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion

In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20  MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and [...] Read more »

Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Gov. Arnold Schwarzenegger signed a 90-day moratorium on California home foreclosures (legislation SB2X-7 and AB2X-7) amid criticism that the law likely won’t put a dent in the skyrocketing pace of repossessions. Here’s what you need to know: The bill, as part of the state’s recent budget deal, safeguards owner-occupied residences that had first loans on [...] Read more »

This Week’s Top Properties: 3 Great Value Southern California Foreclosures

44 Tavella Place, Foothill Ranch, Calif. 92610 VIP SPECIAL, CALL FOR PRICING INFO CLICK HERE FOR MORE PHOTOS Square Feet: 2,115 Lot Size: 3,794 sq. ft. Rooms: 4 bedrooms, 2.5 baths Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, [...] Read more »

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