Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Written by 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 »

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

Written by on January 30, 2009

Why is TARP in the news? Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to [...] Read more »

Top Five Benefits of Buying Foreclosures

Written by 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 »

Foreclosure Inventory Skyrockets, Home Prices Hit Historic Low

Written by on January 23, 2009

Here’s a quick, informative slice of what’s happening in the booming buyer’s market this week: 1. Foreclosures are at an all-time high nationwide. The number of foreclosures skyrocketed last year to an all-time high of 2.3 million, further deflating home prices at the fastest pace we’ve seen yet. According to Bloomberg reports out today, foreclosures [...] Read more »

How Will Obama ‘Change’ Real Estate & Foreclosures?

Written by 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 »

Property of the Week – Spacious Westside Long Beach Home

Written by on January 21, 2009

2880 Caspian Avenue, Long Beach, Calif. Price: $295,000 CLICK HERE FOR MORE PHOTOS Square Feet: 2,058 Lot Size: 5,865 sq. ft. Rooms: 5 bedrooms, 3 baths Extras: 2-door detached garage, partial copper plumbing, new roof, new laminate floors Located in an attractive neighborhood in Long Beach’s Westside, this exceptionally large home is perfect for large [...] Read more »

Buying Foreclosures: Five Insider Secrets

Written by on January 20, 2009

Buyers are scrambling to get a piece of the exploding bank-owned foreclosures market, but most don’t know how to get an edge on the ever-increasing competition. If you want the powerful, must-have strategies to get the best value on a bank-owned foreclosure, look no further than my Top Five Insider Secrets: 1. Work directly with [...] Read more »

What will 2009 bring to the SoCal real estate market?

Written by 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 »

How to Buy Foreclosure Properties in Los Angeles and Orange County, California

Written by on August 25, 2008

I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property.  The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...] Read more »

Sara Henninger Gives a Testimonial for Mark Shandrow

Written by on August 7, 2008

[No Auto Start]jQjT-FLcP48[/No Auto Start] I met Sara Henninger when her house in Garden Grove came off the market.  It had been on the market with another agent for 6-months-with no offers.  We met and decided to relist the home with a new marketing strategy.  Her ultimate goal was to move out of Garden Grove [...] Read more »

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