PRIME HIGH-RISE CONDOS. METICULOUS DETAILS. PRICELESS AUTHENTICITY. One West Ocean, Long Beach’s tallest and fastest-selling residential tower, offers four exceptional, private luxury condos per floor. The commanding, 59-story ocean and city view condominium tower is perfectly positioned in the heart of downtown Long Beach. This full-time doorman designer skyscraper features beautifully tailored, expansive interiors that [...] Read more »
Historic Bank-Owned Home for Sale in L.A.’s Wilshire Area
Written by Mark Shandrow on March 23, 2009
Call Today to Schedule a Personal Tour Or—NEW!—Make an offer online NOW! Address: 1424 S. New Hampshire Ave. Los Angeles, CA 90006-4510 Home Type: Historic single-family, single-story, BANK-OWNED Price: $369,900 Square Feet: 1,281 sq. ft. Lot Size: sq. 4,150 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1907 Extras: Newer windows and roof Central [...] Read more »
Short Sales 101: What’s All the Buzz About?
Written by Mark Shandrow on March 12, 2009
So you’re seeing the words “SHORT SALE†splashed all over real estate signs across town, on the news and in the headlines. Short sales are everywhere, but exactly WHAT ARE THEY and WHO BENEFITS from them? Let’s take a quick, painless, non-confusing look. You’ll be clued-in in no time, and if you have any questions, [...] 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 »
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 »
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 »
