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Politics

Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

February 28, 2009

Here’s 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 Affordability arm, [...]

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Gov. Schwarzenegger’s Foreclosure Moratorium Explained

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 the [...]

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This Week’s Top Properties: 3 Great Value Southern California Foreclosures

February 24, 2009

44 Tavella Place, Foothill Ranch, Calif. 92610
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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, two-and-a-half-bath boasts all-new ceramic tile, carpet, [...]

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How Will Obama ‘Change’ Real Estate & Foreclosures?

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, big [...]

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What will 2009 bring to the SoCal real estate market?

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 [...]

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