Perhaps you’re “upside down†on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re [...] Read more »
Top 5 Benefits of Buying a Bank-Owned Home
Written by Mark Shandrow on March 5, 2009
1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as [...] Read more »
Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?
Written by Mark Shandrow on February 28, 2009
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
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 »
What a start to 2009!!
Written by Mark Shandrow on February 3, 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 »
Top Five Benefits of Buying Foreclosures
Written by Mark Shandrow 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 »
