Obama Signs Economic Stimulus, Will Soon Reveal Homeowner Help Plan

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 »

Outstanding Bixby Knolls Foreclosure – Coming on the Market!

FORECLOSURE—COMING ON THE MARKET! Call for Pricing and Additional Information CLICK HERE FOR MORE INTERIOR AND EXTERIOR PHOTOS Address: 659 E. Claiborne Drive Long Beach, CA 90807 Home Type: Single-Family Square Feet: 1,662 Lot Size: 6,150 sq. ft. Rooms: 2 bedrooms, 2 baths Year Built: 1941 GREAT NEIGHBORHOOD—Minutes away from great shopping & parks! This [...] Read more »

5 Reasons to Buy a Southern California House Right Now

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 »

What a start to 2009!!

Wow, January was out of control for foreclosure homes in Los Angeles and Orange County, California.  The Shandrow Group had the best month in our history.  We listed almost 20 homes for sale and put 21 properties UNDER CONTRACT. We closed escrow on 11. Of course, I could not have done this without the help [...] Read more »

Exclusive Insider Foreclosure List Now Update–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?

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?

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

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 »

Property of the Week: Newly Refurbished Orange County Home – Not On MLS YET

44 Tavella Place, Foothill Ranch, Calif. 92610 Price:  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 superb private neighborhood, this completely refurbished [...] Read more »

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

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 »

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