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.
Wells Fargo Finds Foreclosure Mistakes…Issuing 55,000 "Supplemental Affidavits"…Whatever That Means?
Wells Fargo...shame on you... Foreclosure is a serious process and WF treats it like an assembly line...with Robo signers! What is a "supplemental affidavit" any how? Something one of your "legal" eagles (senator or congressman no doubt) came up with to avoid...
More Lenders…More Foreclosures…More Unemployment…What A Mess!
Home Prices…More Foreclosures…More Short Sales…Home Values Hard To Predict
Treasury's HAFA Program Falls Short at End of 3rd Quarter
Breaking news! Today it was reported to congress, at end of 3rd quarter 2010, Home Affordable Foreclosure Alternative (HAFA) successfully completed 342 Short Sales or Deed's in Lieu...report. The HAFA program was introduced April 5, 2010...with Freddie Mac and Fannie...
WSJ Reports Bank Of America Finds High % of Errors in Foreclosure Filings
It was reported by Wall Street Journal that Bank of America found numerous errors in the first of what will be thousands of foreclosure re filings in 23 states. This really comes as no surprise as BofA assumed Countrywide and Countrywide's shoddy practices... BofA...
President Obama..White House Breaking News On Foreclosure Situation
Administration Shifts Focus on Foreclosure-Gate…More Short Sales
As I suspected would happen, the Obama administration is changing the foreclosure conversation. With the announcements from Bank of America [BAC 11.57 -0.23 (-1.95%) ] andGMAC that they have not found any major paperwork flaws and are resuming foreclosure sales...
Angelo Mozillo Former Countrywide CEO Settles SEC Charges with a $67.5Million Slap on the Wrist…How about Jail?
According to DS News...The monster from "The Valley"...(San Fernando Valley, CA) finally is paying the piper...but is he. It just goes to show that money talks get's you to walk from what is tantamount to nothing more than fraud and stealing. The full story is...
Over 100,000 Bank Repo's in September…Highest on Record…California Represents 21% of the Foreclosures! I Smell Short Sale
A total of 102,134 bank repos, where borrowers actually lose their homes to foreclosure, were reported in September, up from 95,364 in August. “Lenders foreclosed on a record number of properties in September and in the third quarter, taking a bite out of the backlog...
Inside the Mortgage Mess…Foreclosures on Hold for How Long?
Foreclosure Fiasco…Robo Signing…How Big Is the Problem?
The Foreclosure Halt…How Will It Impact Housing Recovery
Mortgage Lenders Committed Fraud: Rep. Waters…Halting Foreclosures
Rep. Maxine Waters, (D-Calif.), defended on CNBC Wednesday her call for a mortgage modification and a moratorium on home mortgages for those Americans who are unable to make their loan payments, as a way of allowing them to keep their homes. “There are people who...
Foreclosure Fraud Is It Worse Than We Thought?
There has been plenty of pontificating over the ramifications of foreclosure freezes on troubled borrowers, foreclosure buyers and the larger housing market, not to mention lawsuits, investor losses and bank write downs. There has been precious little talk of what the...
‘Larry the Cable Guy’ says Git-R-Done! Lists His Florida Home for $1.55 Million
Blue Collar Comedy veteran Dan Whitney, more popularly known by his stage name “Larry the Cable Guy,” is ready to ‘Git-R-Done’ with the sale of his longtime, 20-acre estate in Sanford, FL. It is now on the market with an asking price of $1,550,000. Whitney first...
Title Insurers Not Selling Title Insurance to Loans Affiliated with Foreclosed Properties
So...what does this mean? If your thinking of purchasing an REO property or foreclosed property with a loan ...the likelyhood is that it won't happen anytime soon. Title Insurers are pulling the plug until the Robo Signing matters can be cleared. With millions of...
Bank of America STOPS ALL FORECLOSURES In ALL 50 STATES…Expedite Your Short Sales
Bank of America will stop foreclosures in all 50 U.S. states, CNBC and the Wall Street Journalreport. Last week the bank, the country's biggest by assets, announced it was halting foreclosures in the 23 states where foreclosures are processed in court, saying it...
I Just Did A Short Sale, Now I Need To Rent…Help! Avoid Someone elses Foreclosure
Recent experience working with our Short Sale clients have brought an onslaught of new concerns as they move into their next "phase" of recovery. "Renters" for a few years... We are in a volatile housing market, the fact is 1 in every 6 homes with a mortgage is behind...