We’re Influencing California State Legislation and Housing Affordability
It’s all about housing affordability in California. We along with 2,498 fellow REALTORS® ascended upon our state capital, to discuss our clients needs to improve the home buying and selling landscape for all our neighborhoods. It get’s down to affordability.
The Citrus Valley Association of REALTORS® Senior Staff, Committee representatives along with a few local, hand picked REALTORS® headed the legislative and lobbying initiative to the steps of our states capital. We were blessed to be chosen as your local representatives.
As it stands, California requires 180,000 new home starts per year to manage supply and demand. Today, we have less than 90,000 starts scheduled. This is one of our primary concerns on our push for legislation.
The high cost to a builder in California hit home for us in Upland, Claremont, Pomona, Glendora and surrounding neighborhoods. What was revealed is the builders fees of upwards of $120,000.00 “per door” before a shovel hits the ground. These fees are associated with exorbitant legislative regulations imposed on new home builders. This bureaucracy is out of control.
Riverside Press Enterprise Editor, Richard K. De Atley wrote of this concern in a recent article Are Inland Empire residents locked out of the housing market? This article asserts the concerns that we hear from our buyers daily as their REALTORS®… “homes are too expensive”, “we don’t qualify with our combined income” and “where are the new builds?”. We asserted your concerns with our legislators and pleaded the realities of the housing affordability crisis.
The bills that reach The Governors Desk for signature begin with your needs in our neighborhoods. We are currently in the planning process of bringing local housing affordability initiatives to our valley’s Senators and Assembly persons.
We need you to assist us in influencing these future referendums, please contact us directly @ (909)985-9392.
Nevada Staging a Foreclosure Comeback…More Short Sales
As if Nevada hasn't been plagued enough with massive property declines. A new law that impacted the foreclosure filings procedure placed a virtual stop on all filings. The new law requires much additional paper work from entities that are filing. Including full...
Prompt Notification of Short Sale Act… A Response from Senators
Senators are taking note and are taking charge with this Short Sale Bill to expedite the short sale process for homeowners that are upside down on their home values... This will bill will help to expedite the Short Sale process...this bill is very important! By:...
FHA Drops 3 year Ban on Repurchasing After Short Sale
In other words...there will be "life (home ownership) after Short Sale." This may help a few Homeowners who have already "short sold" their home...or it can make a big difference to your future Homeowners who are considering a "short sale" in the future. ...
Servicemen & Women Given Homes and Money for Wrongful Evictions!
Major banks will reimburse military servicemembers for any wrongful foreclosures done in the past five years. JPMorgan Chase ($38.19 0.5798%), Wells Fargo ($30.69 0.43%),Citigroup ($33.44 0.5162%), and Ally Financial ($23.50 0.14%) will resolve Servicemembers Civil...
JP Morgan CHASE Home Prices Continue to Decline in 2012…Short Sale Rent Back
JPMorgan Chase ($37.61 -0.25%) expects home prices to stabilize in the spring "given recent improvements in housing indicators and economic data, though we recognize that the long-run demand-supply picture remains challenging." Analysts still project another 5% drop...
Have You Done A Short Sale Then get a 1099C….Check Out What Chase Bank Did To Our Client!
Short Sales and 1099C Chase Bank Reporting Double Loss
What’s Going On…Short Sales Helping People Sell…Where Are The Buyers?
Wow, it's hard to take it all in....one thing is clear....the housing market has a long way to go before we see housing prices stabilize. Great article by Dianne Olick Anyone with any cash in hand should be buying a house right now. That’s what any real estate agent...
Joe Montana…Our favorite Notre Dame Alumni Drops Home Price $14M…Short Sale?
http://realestate.aol.com/blog/gallery/take-a-peek-inside-villa-montana/#photo-11 As if the San Francisco 49ers needed another hit, one of its most famous alumna, Joe Montana, has defeatedly cut the asking price of his stunning Calistoga, Calif., home by a...
2011: Worst Year for New Housing Sales…More Short Sales?
Short sell Rent and Buy Back, sell and lease back, sell and rent back
HAFA Housing Program….Real Estate Agents In California, Arizona, Nevada…You Are Needed!
Are you a licensed Real Estate Agent in California, Arizona or Nevada? Do you understand the HAFA Guidelines process? Do you have a heart to help home owners avoid foreclosure....and stay in their home? Contact us to find out how you can become a Certified Agent for...
Equator.com Initiates 1.7Million Short Sales Over the Last 2 Years
Equator.com Initiates 1.7Million Short Sales Over the Last 2 Years
4th Quarter 2011 Case-Shiller Housing index; Home Prices Worsening in Los Angeles…More Short Sales
Case-Shiller released the 4th quarter tracking on home prices. Los Angeles, while not a the top, certainly was showing now signs of home pricing rebounds...with an annualized decrease of almost 5% year over year and a 1 month decline of 1.5% from September "11...
This is Just Funny…Thanks Kevin! Bank of America Needs….Demands Your Help!
My Brother Kevin shared this with me today...times are getting tough at BofA... there stock closed at $5.56 today... that's about 57 cents away from a penny stock... Great laughs!
HUD Extends Waiver of Anti Flipping Rule to December 31,2012…More Short Sales!
Really...No surprise here. In an effort to stimulate sales and reduce housing inventory...the HUD extended it's "lift" of the ban on "Flipping"...the process of purchasing a home, fixing it up and selling it on the open market...sounds sill but yes...the Government...
Bank of America is Hosting 45 "Speak to Your Servicer" events in 2012…Short Sale, Rent and Buy Back?
Much needed and long awaited, BofA is stepping up and addressing the homeowners face to face in 45 scheduled meetings across the US. What's BofA's objective...probably to tell their homeowners that there is nothing they can do...but in a nice formal manner so...
California Foreclosures Increase 63% in November…More Short Sales
LA Times shared this article... Not surprising that we see this increase...FHA, Fannie and Freddie are filing suit against it's services on it's loans that if the Homeowner is in the foreclosure process, that the servicer must proceed with trustee sale...
Loan Modifications Failing As Banks Suggest Short Sales To Avoid Foreclosure
Mortgage modifications under the government's bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. CNBC.com Around 17 percent of permanent modifications failed...
Fairness in Foreclosures Act of 2011 H.R. 3566 No Deficiency Judgment for Short Sales?
I like it when our elected officials get excited about a program that helps homeowners and former homeowners in specific. this bill introduced by Rep. Edolphus “Ed” Towns (NY-10) is a great idea...however, this proposed bill completely eludes the Short Sale. Not even...