ARCHIVED BLOG POSTS
2011
Short Sale Soundoff: Short Sale Soundoff: Citigroup offering incentives to short sale home Citigroup's mortgage servicing branch CitiMortgage is offering an average of $12,000 to borrowers who complete a short sale this year. By comparison, the mortgage servicer was offering $1,500 payments on a...
06/30/2011
Fannie Mae and Freddie Mac have a three-year waiting period following a foreclosure, and a two-year wait following a short sale, deed in lieu, or discharge or dismissal of bankruptcy. However, if borrowers can justify that the circumstance for the foreclosure or bankruptcy occurred because of an ...
06/30/2011
Prices on rental properties grew 6.7% in June as more Americans chose low-risk rentals over homeownership, a new report from housing search engine HotPads said Thursday. The agency, which compared June prices to last year, attributes the rental-price surge to pent-up demand among first-time rent...
06/30/2011
OPEN HOUSE Sunday 6/26 from 12-3p MLS #: 11-535673 21500 Califa St. #89, Woodland Hills, CA PROPERTY WEBSITE This bank-owned first floor, corner unit is in a prime location in the prestigious Warner Center and is close to shopping centers, restaurants, freeways & recreation. This 2B/2B unit +den/...
06/25/2011
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(Left to Right) M.A.R. President Elect, Bobby Lehmkuhl; C.A.R. Chief Economist Leslie Appleton-Young; M.A.R. President Dan Ross. The Malibu Association of Realtors met last week at Duke’s Malibu for their second membership meeting of the year and were privileged to hear from L.A. County T...
06/25/2011
Although there are a number of programs available to help homeowners who have defaulted on their mortgages keep their home, the large amount of misinformation tends to result in troubled homeowners failing to contact their lender until it is too late. Making sense of the story Some homeowners be...
06/24/2011
The ranks of apartment dwellers have grown as homebuyers lose homes to foreclosure, according to property managers. TransUnion surveyed more than 1,100 property managers across the country in early June to identify trends in the rental space. The credit reporting agency polled about 1,000 small ...
06/24/2011
Did you know that one or more rate changes per day is normal? Most people do not know that. Rate quotes can easily change when you call back later that same day. In the lending business, a rate change can also include a change in the point cost for the same rate. In other words, a rate can be...
06/22/2011
21500 Califa St. #89, Woodland Hills, CA 91367 MLS #11-535673 This bank-owned first floor, corner unit is in a prime location in the prestigious Warner Center and is close to shopping centers, restaurants, freeways & recreation. This 2B/2B unit +den/office, has laundry inside, plantation shutters...
06/21/2011
California pending home sales in May increased 12% from one year ago, the first such gain in 18 months, according to the California Association Realtors. Existing home sales dropped 15.3% across the nation. But in California, May pending home sales — an indicator of the future performance of a ...
06/21/2011
Rainer
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Bobby LehmKuhl
Exceeding Every Clients Expectations. Every Time.