This thing changes almost daily. I can’t wait to get at the folks who manage to do this and then since so many of them default again, take these loans over subject to.

To read this article, click here.

We are having a webinar about this on Feb 17th. Attorney X has come up with a clever method of tapping into this potential gold mine. For more info, click here

My nephew attends usc as a grad student and was honoured by the school by featuring his photography exhibit there.

I finally went to see it and was blown away. His father’s attitude is, “When are you getting a real job?”, but i was really awed. He has visited 57 countries and his photos reflect the sensitivity he feels for his fellow men. (I hate to be a cynic but wait until he gets out into the real business world).

Click here to see the exhibit but you can see it in person at the Annenberg school of communications at USC.

http://realtytimes.com/rtpages/20100204_fedsgive.htm

I need a techy person. I have aol which won’t sync with my calendar anymore. I need to be able to forward my email to another service and be able to access it from any computer, as well as calendar events and contacts. 

If my phone went down i am sol.

I am willing to trade equal time with me for what i am an expert in– real estate in Ca.

If you are this person, call the office: 310–792–6404

He eased the paperwork required but i am not sure it will make much difference. I hear  horror stories of banks foreclosing even while they are pretending to do a loan mod. Keep in mind that these are the servicing companies- not really the banks so it is in their best interest to drag out the process and collect more fees.

http://online.wsj.com/article/SB10001424052748704878904575031321628902414.html?mod=djemRealEstate_h

i am so sick of getting tons of emails from every affiliate of theirs about this. I will NEVER do this.

http://www.fanniemae.com/newsreleases/2010/4923.jhtml?p=Media&s=News%20Releases

This is a good site. Sign up for their email and get updates.

http://www.fhfa.gov/Default.aspx?Page=27

http://www.walletpop.com/blog/2010/01/28/top-10-ways-to-avoid-a-tax-audit/

Got the appraisal handled and all paperworkshould be submitted to lender for our buyers. Hope the 3rd time is a charm.

John our code guy got a guy to order and install windows that will make the city happy. Hope we get the sign off from the city. The porch is still an issue.

 

These are cities where your cash flow would be best.

click here for the article

You have to check out this site. They are crazy but informative

click here

Most of the country not doing that great. For once we are the exception.

“Housing in California appears to be faring better than the rest of the nation despite higher unemployment.

Sales of previously owned homes in the West fell 4.8% in December from November, compared with a decline of 19.5% in the Northeast, a 25.8% drop in the Midwest and a decline of 16.3% in the South, the national group said.

In California, resales rose 4% from the previous month, according to figures released last week by the California Assn. of Realtors.

A separate report by the research firm MDA DataQuick of San Diego, which tracks sales of all homes, also showed the Southern California, San Francisco Bay Area and statewide housing markets gaining ground in December.”

click here to read the whole article

—————————————————————————

“There are still some markets that continue to improve month-over-month. Los Angeles, Phoenix, San Diego and San Francisco have seen prices increase for at least six consecutive months. Looking at the annual figures, four markets – Dallas, Denver, San Diego and San Francisco – have finally entered positive territory, something we really haven’t seen in at least two years in most markets. “

click here to read the whole article

Sitting at bill bronchick’s owner financing which is chock full of info. He showed this very funny video.

 

www.youtube.com/watch?v=bNmcf4Y3lGM

http://articles.moneycentral.msn.com/Banking/HomeFinancing/fha-loans-get-dramatically-costlier.aspx

If you were at the meeting,you heard my story that i switched to acn for direct tv, internet and phone line and cut my bill in half. The next step is to transfer my cell phone which is now costing me $249 pr month with all the stuff.Even though i have to pay a early termination fee, it might be cheaper.

Want to know more? Contact my friend Ted 424–675 0104

In a typically sluggish month, the median sale price rises 4% over the same period a year earlier, and sales jump 12.1%. The pace of sales is the best since 2006, aided by tax credits that end soon.

http://www.latimes.com/business/la-fi-home-sales20-2010jan20,0,3261823.story

Accordimg to this article. they are going to do this in because it is politically important for the administration to seem like they want to help main street instead of wall street. Elections are this year.

So freddie and fannie have nothing to lose by buying jumky loans.  There is no longer any loss limitation on Fannie or Freddie, which are effectively now tools of the U. S. Treasury, though cleverly maintained off the books and out of any Federal deficit numbers.

Here we go again,folks.

http://www.housingwatch.com/2010/01/06/spring-break-how-fannie-and-freddie-will-bail-us-out/?icid=main|htmlws-sb-w|dl4|link3|http%3A%2F%2Fwww.housingwatch.com%2F2010%2F01%2F06%2Fspring-break-how-fannie-and-freddie-will-bail-us-out%2F

 

This is huge. I am getting an attorney to do an interview with and also our local fha expert, Keith, who is an appraiser and a home inspector.

Stay tuned, We will have soemthing up for you soon.

buyers signing off on inspection and agreeing to use our appraiser (keith). I think this one will go.

we talked about how to set real estate goals and how to make them come to fruition. Afterwards the gold group had lunch and schmoozed. We all  learn from each other.

is finally moving forward in no small part to my understanding of the CAR contract and how to put the realtors feet to the fire.

The buyers had an inspection and submitted demands which i laughed at and they agreed to remove their contingency by 5 pm today . If they don’t i can go to my backup buyer.

This is the 3rd escrow and i hope the last one. Still have to deal with the city of Compton and their crap. Most of their last minute demands are minor but there are a few biggies: replacing 2 windows and getting a permit for the front porch. The first is easy but the porch is a problem. Psychologically, the further people get along in a deal, the less likely they are to cancel so i am hoping that when are close to loan approval and get a signoff from the city on everything else, the buyers will agree to sign off on the porch and deal with it themselves after closing.

Too many people are getting sucked in to believe they can get one. I even heard a story where someone was foreclosed on while she was in the middle of loan mod discussions by another branch of the bank.

Every second on the radio i hear an ad for loan mods. It seems like the sucker bet of the year,

http://www.cnbc.com/id/34879573

Even though i looked over our latest contract carefully i missed something. In the section  of the CAR where it talks about giving a notice to perform if the buyers have not complied with any section of the contract, the realtor had not checked the box that says 24 notice and instead had written in 48 hours. So it will take another day to get the deposit and the loan application deadline happen.

I cant stress enough how important it is to understand the car contract.

First time home credit and lots of homes for rent is driving rents down.

http://online.wsj.com/article/SB126282425648418817.html?mod=djemRealEstate_Commercial