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 »
Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?
Written by Mark Shandrow on February 28, 2009
Southern California Home Prices Plummet as Foreclosures Rise
Written by Mark Shandrow on February 28, 2009
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 »
Luxury Beachfront Belmont Shore Foreclosure for Sale
Written by Mark Shandrow on February 27, 2009
Call to Schedule a Personal Tour Address: 5341 Appian Way, Long Beach, CA 90803 Home Type: Single-Family Square Feet: 1,569 Lot Size: 3,900 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1961 Neighborhood: Belmont Shore This amazing, not-yet-listed foreclosure is located in Long Beach’s most exclusive beachside neighborhood. The spacious 3-bedroom, 2-bath luxury home [...] Read more »
Gov. Schwarzenegger’s Foreclosure Moratorium Explained
Written by Mark Shandrow on February 25, 2009
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
Written by Mark Shandrow on February 24, 2009
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 »
Obama Signs Economic Stimulus, Will Soon Reveal Homeowner Help Plan
Written by Mark Shandrow 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 Mark Shandrow 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 »
Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?
Written by Mark Shandrow 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 »
How Will Obama ‘Change’ Real Estate & Foreclosures?
Written by Mark Shandrow 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 »
What will 2009 bring to the SoCal real estate market?
Written by Mark Shandrow 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 »
