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.
Walking away from your home…Short Sales are an alternative
In some areas, you have a homeowner on either side of you that's in a situation of "negative equity." According to economists, it's not going to get any better for a while....How long will it be before the housing market bottoms out is up for interpretation. Let's say...
Old Video…Pre Short Sale Days
Man...this is old!
DiTech Closes Headquarters in Costa Mesa, CA
The one time behemouth DiTech...part of GMAC closed it's operation yesterday February 03, just as the Tresuary pumps another $3.8 billion into finaniciers open wounds. These cutbacks by parent GMAC are in an effort to reduce 300 postitions and balance out it's big...
Short Sale 2nds Taking Illegal Kick Backs
Banks Taking Kick Backs Kim and I run across this all the time. IT IS ILLEGAL Most recently we have been requested from Citi and Bank of America Negotiator did not care...It's clearly in violation of REPA laws. FASLO Solutions is another violator...they go as far as...
Jim Cramer Speaks "Shadow Inventory" and Making a Profit
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Short Sell Your Home…It's a Business Decision…VIDEO
Short Sell your home...it's a business decision!
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I'm sure that many of you reading this will relate to what has happened in a lovely Laguna Niguel neighborhood over the past year. Because it's most likely happened to you or someone you know. We wanted to take some time and share this because so many homeowners are...
FHA Guidelines Buying A Home After A Short Sale
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Fannie Mae, Freddie Mac, and Ginnie Mae Own 95% of Home Loans
The US Government probably owns your home mortgage loan according to a letter released by the Federal Reserve Bank. The huge resurgence of FHA loans is one of the reasons for the increases from 50% in 2006. Also, the fact that these governmental organization are...
Breaking News from the Treasury about Short Sales
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Housing Market…Robert J. Shiller; Case/Shiller Index
2010….real estate recovery or more of the same? This week we will be sharing with you what a few on the nations most influential leaders think will happen this year with housing. First up, Mr. Robert J. Shiller…co-creator of the respected S&P/ Case Shiller Home...
HAFA…Short Sales Are Preffered by Lenders Over a Foreclosure!
Short Sales are the new buzz word for home owners and their LENDERS..... Homeowners have been turning to Short Sales the past several years to help them avoid foreclosure, although it's not been altogether easy it's been working for most sellers that have gone down...
Owe More Than It's Worth…Short Sell Your Home Today in Newport Beach
If you owe more on your home than it is worth...call us. 877-391-2338 We can assist you in selling your home in any state in the country.
Tax Credit Bill Passed for New Home Buyers…and Move Ups
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Senate Overwhelmingly Approves Homebuyer Tax Credit Extension
As predicted, the Senate approved the extension of the Home Buyers Tax Credit until April 2010. The approval is as follows: $8,000.00 for 1st time buyers added $6,500.00 for "Move-up" buyers An increase in qualified incomes were doubled from $75,000.00 to $125,000.00...
Short Sell and Buy Another Home At the Same time! It's Here!
The proceeding story is copy write protected: Breaking News*********Kim and I will be talking about this program this week on our coaching calls with Harris Real Estate University Sign up and Log in to the Thursday Call 10:00AM PST As our subscribers know...Kim and I...
Bank of America/Countrywide Streamlining Short Sale Process
BofA (Countrywide) have begun utilizing the Equator system (REOTRANS) to streamline the short sale process. This is great news for all homeowners that are strapped with a one of the formidable Countrywide Short Sales. We learned of this about 6 weeks ago and we are...