Posts tagged as:

President Obama

Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

April 16, 2009

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program.
The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or bankruptcy [...]

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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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Southern California Home Prices Plummet as Foreclosures Rise

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 2000. For [...]

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Luxury Beachfront Belmont Shore Foreclosure for Sale

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 is nestled among some of the finest, most [...]

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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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Obama Signs Economic Stimulus, Will Soon Reveal Homeowner Help Plan

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 much-anticipated [...]

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5 Reasons to Buy a Southern California House Right Now

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 Long Beach [...]

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