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 »
Gov. Schwarzenegger’s Foreclosure Moratorium Explained
Written by Mark Shandrow on February 25, 2009
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’s Stimulus Package: What About Homeowners?
Written by Mark Shandrow 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 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 »
