This was a great article from Barrons about Fannie and Freddie.
Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]
Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Deal”, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan [...]
This is a great article from the Los Angeles Times about the BofA and Countrywide merger. The most interesting point is that the CEO of BofA, Ken Lewis, thinks that the California real estate market has about another 20% drop in the not too future…I would have to agree. This is one of the first [...]
Our clients get the royal treatment, with the Shandrow Group’s Client for Life Program. We provide you with the knowledge, comfort and security that you are receiving the best services possible…tailored to your life, your scheudle, and your needs.Through my involvement with the BNI Chapter Oceans of Opportunity you can rest assured [...]
I helped Glen and Mona Sams sell their home in Santa Ana and allow them to move into their retirement home in Murieta, Califrornia. They were able to take advantage of Proposition 13 to move their tax basis from one home to another, saving them thousands of dollars per year in County Property Taxes. [...]
Los Alamitos
The suburban enclave of Los Alamitos has evolved from its humble beginnings as a sugar beet farming community to a thriving metropolitan center with nationally acclaimed public schools and an impressively low crime rate.
Los Alamitos is conveniently located only four miles from the Long Beach Airport, 19 miles from Orange County’s John Wayne International [...]
Huntington Beach
Huntington Beach, where California’s world-famous surf scene was born, is one of the Southland’s safest, most vibrant coastal villages. The Orange County Register recently named “Surf City USA” OC’s number one city to live in, while OC Parenting readers last year ranked it the county’s “best family beach.”
Some 195,000 people call Huntington Beach’s 26.4 [...]
Great article from the WSJ.com.
Next month, Michelle Augustine plans to walk away from her four-bedroom house in a Sacramento, Calif., subdivision and let the property fall into foreclosure. But before doing so, she hopes to lock in the purchase of another home nearby.
“I can find the same exact house as what I live in right now
for [...]
With the increase in foreclosures lately you may have heard the term “short sale” and wondered what it was. A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender will accept the short sale to avoid the time and [...]
In December, 2007, President Bush signed a new law giving tax breaks to homeowners who have mortgage debt forgiven called the Mortgage Forgiveness Debt Relief Act of 2007. Now, a taxpayer does not have to pay federal income tax on debt forgiven for a loan secured by a qualified principal residence. This new tax break [...]
