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.
Consumer Prices Plunge!
Not everything we write is about real estate. Today it was announced that consumer prices have dropped a record 1%, the largest decline since 1947. Why? Simply put, there is increased competition by retailers to get our dollar. We, as consumers are spending less as...
Put the Leaders on Trial for Negligence of These Loan Servicing Companies!
Tragedy…this home could have been saved only if… This is the final chapter in a painful story of a Short Sale gone bad. The “Bankruptcy Negotiator II”, Ryan Bickerton with American Home Mortgage Servicing Inc(AHMSI), refused to accept a short sale purchase agreement...
Is it REALY worth it….Loan Modification.
With all of the hype of "loan modifications" and "government bailouts" you can't help but feel that there is a solution somewhere that will save you from loosing your home. I've been watching the news, reading everything that comes across my emails and can only say...
The FHFA announced a new program to assist homeowners….
Note that this does not include principal reduction as a solution. This new plan is limited to: “extending the term, reducing the interest rate, and forbearing interest” This is intended to help “thousands” (a drop in the bucket unless it is several hundred thousand),...
Can you say Dirt Bags!….Desperate to keep your home…Beware, you can't trust everyone who tells you they want to help.
Sadly.... I am going to tell you about a family that was recently lied to and taken for a lot of money in hopes of keeping the home they were living in by doing a loan modification. The ending on this true story left the family loosing the home to foreclosure, filing...
Hope for Homeowners (H4H) implemented on Oct. 1, Guidlines are stiff!
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Must READ! Foreclosed Home Sold At Auction….$115,000 Less Than Offer Lender Rejected???
If you follow our blogs, one of my recent posts " In the business to foreclose...ask Ryan" told of a loan servicing company that declined to order a bpo on a property due to the fact they had done their own appraisal months prior to the offer we had provided them....
Heather Shares Her Experience Of Short Selling Her Home
Meet Glenn and Rose our new neighbors….
The Subprime Boom….then Bust. Short Sale Anyone?
I found some great information on a blog post today from the OC Register. The story was focused on the Orange County area, but clearly shows the degree and areas that were hard hit with unsavory loans in the Inland Empire. The loans that shook the financial world...
Can I live in my home while I'm Short Selling it, even though I'm not making the payments?
Today I was talking to a fellow that called me to find out about how a Short Sale works. I realized after talking with him for nearly an hour that there are a lot of people (real estate agents) that give out conflicting and incorrect information. I don't believe...
California Loan Holders could see some relief with Countrywide
It appears that their is something coming to California Homeowners that have Counrywide loans. We will find out more today concerning the specifics. We will keep you posted. Countrywide mortgage pact may be worth $3.5 billion to California loan holders Bank of America...
In Business To Foreclose? Ask Ryan…Option One are you aware of this?
This is for our clients...you have been wonderful to work with! Thanks for letting us share. Like most of our clients, the ***** family were no longer able to make their mortgage payments. Their home had a sale date set in less than two weeks from them contacting us....
Bail Out Plan for Homeowners…Really?
It’s being called a rescue package for our financial system. Obvious goal is to slow down the foreclosures. Keep people in their homes….Let’s take a look at the specifics of this $700 Billion “rescue Package”. How does the bailout plan help homeowners facing...
HOPE for Homeowners-Foreclosure Prevention Act of 2008
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Banks, Servicing Companies, Short Sale or Foreclosure…Some get it…Some DON'T
Just a quick vent session and I will get back to the wacky world of Short Sales! I'm not a genius, but as I listen to CNN discussing the bank crisis.....I have to ask myself this question: Who are these people that are making the call at our lenders to foreclose...
Foreclosures drop in California….State bill 1137 working….this month.???
Foreclosure notices fell nearly 90% in California with the implementation of state bill 1137 on September 8th. I found a great chart that shows the huge decline in Notice of Defaults and Trustee Sales here in the state of Ca. Here’s the staggering fact! We went from...
Bank of America's new Short Sale Criteria sends California Homes to Foreclosure!
Kris and I live in the "Inland Empire"; one of the hardest hit areas of the country. Being Real Estate Agents, our decision to become Short Sale experts was an easy one. Our lives are touched daily with calls from people that are loosing their homes. Using everything...