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 »

Property of the Week – Spacious Westside Long Beach Home

Written by on January 21, 2009

2880 Caspian Avenue, Long Beach, Calif. Price: $295,000 CLICK HERE FOR MORE PHOTOS Square Feet: 2,058 Lot Size: 5,865 sq. ft. Rooms: 5 bedrooms, 3 baths Extras: 2-door detached garage, partial copper plumbing, new roof, new laminate floors Located in an attractive neighborhood in Long Beach’s Westside, this exceptionally large home is perfect for large [...] Read more »

Buying Foreclosures: Five Insider Secrets

Written by on January 20, 2009

Buyers are scrambling to get a piece of the exploding bank-owned foreclosures market, but most don’t know how to get an edge on the ever-increasing competition. If you want the powerful, must-have strategies to get the best value on a bank-owned foreclosure, look no further than my Top Five Insider Secrets: 1. Work directly with [...] Read more »

What will 2009 bring to the SoCal real estate market?

Written by on December 31, 2008

Well, I have a million thoughts running through my head about the residential real estate market in 2009. I think the following will happen: 1. Foreclosure inventory will grow and at an incredible rate. The banks are sitting on huge amounts of inventory and most of this inventory will come on the market in the [...] Read more »

Weekly Real Estate Market Update for Long Beach, California

Written by on November 24, 2008

[No Auto Start]6f3SSwkO9rA[/No Auto Start] Here are the numbers: Active Properties for sale:  1667 Foreclosures:   717 Sold Last month in October:  305 Foreclosures or short sales:  135 Inventory:  5.46 Hot Property for the week:  251 E 17th Street, Seal Beach, CA Read more »

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