Palm Desert Real Estate, Serving Golf Communities of Coachella Valley

73911 Shadow Lake Drive, Palm Desert, CA 92260

Sue Margiotta (Power Brokers International) — Sun, 21 Sep 2008 10:03:52 -0500

South Palm Desert Single Family Residence, 3 bedroom Suites, each have own bathroom. Panoramic Mountain Views

Quarter acre lot with Pool and large gated area with room for RV Parking.

Located in Shadow Mountain Estates neighborhood

Cathedral City Vacation Rental / Lease / Lease Option

Sue Margiotta (Power Brokers International) — Sat, 30 Aug 2008 21:59:50 -0500

Sue Margiotta | Power Brokers International | 760-238-2160

69400 Cypress Ave, Cathedral City, CA

*Location Location Location* Best of everything, walking distance to several schools, community parks and shopping centers.

3BR/2BA Single Family House

$1,700/month

Bedrooms	3
Bathrooms	2 full, 0 partial
Sq Footage	1,534
Parking	2 dedicated
Pet Policy	No pets
Deposit	$3,400

DESCRIPTION

Location Location Location* Best of everything, walking distance to several schools, community parks and shopping centers. Century Park subdivision, 3 bed, 2 bath with desert landscaping, front enclosed privacy patio; all appliances included. Available as lease, lease option, vacation rental, month to month, or sale. OWNER WILL CARRY, LEASE OPTION/LEASE PURCHASE

see additional photos below

RENTAL FEATURES

Air conditioning	Central heat	Fireplace
High/Vaulted ceiling	Tile floor	Family room
Living room	Dining room	Breakfast nook
Dishwasher	Refrigerator	Stove/Oven
Microwave	Stainless steel appliances	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard	Cable-ready	High-speed internet

COMMUNITY FEATURES

Garage parking

Secured entry

LEASE TERMS

Available as lease, lease option, vacation rental, month to month, or sale. OWNER WILL CARRY, LEASE OPTION/LEASE PURCHASE --------------------------------------------------------------------------------

ADDITIONAL PHOTOS

Renter contact info:

Sue Margiotta

Power Brokers International

760-238-2160

Equal Opportunity Housing

Posted: Aug 30, 2008, 5:49pm PDT

$290,000 - 31350 San Eljay Ave Cathedral City, CA

Sue Margiotta (Power Brokers International) — Thu, 24 Jul 2008 08:24:41 -0500

Active 07/21/08	Listing # 21337799	31350 San Eljay Ave Cathedral City, CA 92234-3053	Listing Price: $290,000
	County: Riverside	Cross St: Baristo	Map : 787, F2

Property Type

Residential

Prop Subtype

Single Fam Res Detch

Area

335-Cathedral City N

Subdivision

Rich Sands Estates

Beds

Approx SqFt

1665

Baths

Price/Sq Ft

$174.17

Year Built

1990

Lot Sq Ft (approx)

7841

APN

670192001

Lot Acres (approx)

0.180

Occupant

Vacant

CDOM

161

Directions North of Ramon, East of Date Palm, Rich Sands Estates

Public Marketing Remark Professionally upgraded home in Rich Sands Estates neighborhood of Cathedral City.. Featuring: 3-Bedrooms/2-Baths / Large Family Room / Fireplace / Granite Kitchen and Bathroom Counters / Walk in Closet in Master / Professionally Desert Landscaped / Over $20,000 in Upgrades

Listing Agent	Sue Margiotta (ID:70601) Primary:760-238-2160
Listing Office	Power Brokers International (ID:8766) Phone: 760-494-0429, FAX: 760-269-3560

74 acres vacant land above Desert Hot Springs - $295,000

Sue Margiotta (Power Brokers International) — Wed, 23 Jul 2008 16:35:26 -0500

Active 07/22/08	Listing # 21337928	74 Newport Rd Sky Valley, CA 92241	Listing Price: $295,000
	County: Riverside	Cross St: Channel Run	Map: 728, A1


Prop Type	Lots & Land	Prop Subtype(s)	Lots & Land
Area	344-Sky Valley	Subdivision	Not in a Development
		Price/Acre	$3,976.28
APN	654260001	Lot Sq Ft (approx)	3231716
		Lot Acres (approx)	74.190
Occupant	Vacant	Phone to Show
CDOM	1

Directions Dillon Ave East to Channel Run, North on Newport. THOMAS BROS. MAPS PAGE/GRID:PAGE 390- GRID B5. PAGE 728- GRID A1. PAGE 728- GRID B1

Public Marketing Remark 74 acres above Sky Valley and Desert Hot Springs with panoramic views of the desert. See graphics for possible building sites, zoned R-1 1/4. Mountainous land, dirt road access.

Listing Agent

Sue Margiotta (ID:70601) Primary:760-238-2160, FAX: 760-692-9552

Listing Office

Power Brokers International (ID:8766) Phone: 760-494-0429, FAX: 760-269-3560

Agreement Type

Excl. Right to Sell

Listing Date 07/22/08

Level Of Service

Full Service

To Show

Go Direct

General Information

Description

Vacant Land

Zone

R-1-1 1/4 (CZ 5775)

Terms

Cash, Cash To New Loan, Lease Option, Owner May Carry, Owner Will Carry

Property Features

Fee Land, Canyon View, Panoramic View, Mountain View

Financial Information

Land

Fee

24 acres Horse Property in Sky Valley with Commercial Frontage on Dillon Ave

Sue Margiotta (Power Brokers International) — Mon, 30 Jun 2008 08:45:26 -0500

24 ac Vacant Land $399000- Sky Valley Village Area

Location: Sky Valley, CA

REDUCED 150k! (2/21/08)
Rural Village zoned area of Sky Valley. Zoned R3 & R1-1 1/4.(Dillon Road frontage R3)

According to Riv. Cty's General Plan: Rural Village consist of a small commercial/public use core area, R3 (With Plot Plans): Multiple-family dwellings, churches, congregate care facilities, business offices, hotels, class I kennel/cattery, and Mobile home park with approved CUP.

Photo Gallery

Information

Contact Information

Sue Margiotta

sue@e-desert.com

760-238-2160

Pricing

Asking Price: $399,000

Property Location

Dillon Road
Sky Valley, CA 92241

Features

Acreage: 24

Zoning: R3

Agent Name: Sue Margiotta

Broker: Power Brokers Int'l

MLS #: 21301173

VFLYER ID: 1263796

5 Ac Vacant Land Desert Hot Springs Industrial- Reduced to $275,000

Sue Margiotta (Power Brokers International) — Mon, 30 Jun 2008 08:38:41 -0500

Desert Hot Springs Vacant Land

Active 05/14/08	Listing # 21331356	Teagarden Desert Hot Springs, CA 92240	Listing Price: $275,000
	County: Riverside	Cross St: Indian Ave/Dillon	Map : 726, E2

Property Type

Lots & Land

Prop Subtype

Lots & Land

Area

340-Desert Hot Spr

Subdivision

Not in a Development

APN

666230009

Lot Sq Ft (approx)

217800

Lot Acres

5.000

Directions I-10 Interstate, North on Indian, East (R) on Teagarden

Public Marketing Remark 5 acres in future annexation area of Desert Hot Springs. Lot is located on Teagarden. This area is a few lots North of future industrial developments proposed off Interstate I-10. Directions: East of Indian Ave on Teagarden.. Just South of Dillon

Landau Manor 4 bed, 3 bath SFR, corner lot, unobstructed Mountain Views

Sue Margiotta (Power Brokers International) — Sun, 29 Jun 2008 12:03:41 -0500

Sue Margiotta | Power Brokers International | sue@e-desert.com | 760-238-2160

30601 Keith Ave, Cathedral City, CA

Landau Manor 4 bedroom 3 bath home with Saline Pool

4BR/3.5BA Single Family House

offered at $557,000

Year Built	2002
Sq Footage	2,417
Bedrooms	4
Bathrooms	3 full, 1 partial
Floors	1
Parking	3 Car garage
Lot Size	9,147 sqft
HOA/Maint	$0 per month

DESCRIPTION

Landau Manor 4 bedroom, 3 bath home on corner lot with unobstructed mountain views. Private walled entry with desert landscaping and Restora decking front and back. High ceilings throughout, unobstructed panoramic mountain views, granite counters and backsplash in gourmet kitchen with dual sinks and trash compactor. Automatic back yard awnings with sensors, saline pool and spa. Desirable central desert location..

see additional photos below

PROPERTY FEATURES

Central A/C	Fireplace	Walk-in closet
Tile floor	Family room	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Granite countertop
Stainless steel appliances	Washer	Dryer
Laundry area - inside	Balcony, Deck, or Patio	Yard
Swimming pool	Jacuzzi/Whirlpool

ADDITIONAL PHOTOS

Seller contact info:

Sue Margiotta

Power Brokers International

sue@e-desert.com

760-238-2160

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 29, 2008, 8:06am PDT

Home Buyer Tax Credit Key To Reviving Housing, Builders Tell Congress

Sue Margiotta (Power Brokers International) — Sun, 08 Jun 2008 09:21:03 -0500

American Housing Rescue and Foreclosure Prevention Act of 2008, contains a provision that would provide a temporary, first-time home buyer tax credit of $7,500 for the purchase of any home used as a principal residence and closed on between April 9, 2008 and April 1, 2009.

Summary of H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act:

Amendment 1:FHA Housing Stabilization and Homeownership Retention Act (H.R. 5830)

Provides mortgage refinancing assistance to keep families from losing their homes, protect neighboring home values, and help stabilize the housing market.
Expands the FHA program so many borrowers in danger of losing their home can refinance into lower-cost government -insured mortgages they can afford to repay. This legislation will help troubled borrowers avoid foreclosure while minimizing taxpayer exposure.
Only primary residences are eligible: NO speculators, investment properties, second or third homes will be refinanced.
Protects taxpayers by requiring lenders and homeowners to take responsibility. This is not a bailout; in order to participate, lenders and mortgage investors must take significant losses by reducing the loan principal. In exchange for an FHA guarantee on the mortgage, borrowers must share any profit from the resale of a refinanced home with the government.
Contains important protections for taxpayers' dollars, including higher refinancing fees that establish a new FHA reserve to cover possible losses from defaults on these government-backed mortgages.
Provides $230 million for financial counseling to help families stay in their homes.

FHA Modernization (H.R. 1852)

Expands affordable mortgage loan opportunities for families (many of whom would otherwise turn to subprime lenders) and for seniors through expanded access to reverse mortgages through Federal Housing Administration reform
This measure passed the House in September. (Expanding American Homeownership Act of 2007, H.R.1852)

GSE Reform (H.R. 1427)

Strengthens regulation of Fannie Mae and Freddie Mac, and the Federal Home Loan Bank system.
Raises the GSE loan limits for single family homes in high cost areas, so that these entities can purchase more loans in higher cost areas (thereby lowering interest rates for new homes and refinancings in those areas).
Expands liquidity in the mortgage markets by buying loans already made, freeing up money for new mortgages and refinances.
Creates a new Fund to boost the nation's stock of affordable rental housing.

Encouraging Mortgage Modifications/Castle Bill (H.R. 5579)

Mortgage servicers are concerned about the threat of investor lawsuits if they help families in danger of losing their homes with loan modifications that reduce monthly mortgage payments through lower interest rates, reduced principal amounts or other changes in loan terms.
To speed loan modifications and keep more families in their homes, this package includes HR 5579 to provide mortgage servicers with clarity and certainty for their actions, and protection from such lawsuits for specified loan modifications.

Preserving the American Dream for Our Nation's Veterans

Increases VA Home Loan limit, as was done in the stimulus package, for high-cost housing areas so that veterans have more homeownership opportunities.

Amendment 2-- Tax Provisions to Expand Refinancing Opportunities and Spur Home Buying (H.R. 5720): This amendment provides $11 billion in tax benefits, including tax credits to first-time homebuyers, a real property tax deduction for non-itemizers, an additional $10 billion in mortgage revenue bonds for states, and improves access to low-income housing.

Gives first-time homebuyers a refundable tax credit that works like an interest-free loan of up to $7,500 (to be paid back over 15 years) to spur home buying and stabilize the market. The credit will begin to phase out for taxpayers with adjusted gross income in excess of $70,000 ($140,000 in the case of a joint return).
Provides taxpayers that claim the standard deduction with up to an additional $350 ($700for a joint return) standard deduction for property taxes in 2008.
Temporary increase in mortgage revenue bond authority to allow for the issuance of an additional $10 billion of tax-exempt bonds to refinance subprime loans, provide loans to first-time homebuyers and to finance the construction of low-income rental housing.
Temporary increase in low-income housing tax credit and simplification of the credit to help put builders to work to create new options for families seeking affordable housing alternatives.
Helps returning soldiers avoid foreclosure by lengthening the time a lender must wait before starting foreclosure, from three months to one year after a soldier returns from service.
Would not add to the national debt. The cost of this bill is offset with a tax compliance provision included in the President's Budget and by delaying the effective date of a tax benefit for multinational companies that has not yet taken effect.

Amendment 3-- Miller/LaTourette

This amendment protects the right of states and cities to regulate the foreclosure process and the treatment of foreclosed property -- by clarifying that this act, the National Bank Act, and the Home Owner's Loan Act do not preempt State foreclosure laws for national banks or federally chartered thrifts.
Exempting national banks and thrifts from foreclosure law would deprive the states and cities of the right to require that foreclosures must follow certain procedures, including notice to the people foreclosed, and that foreclosed property be safely maintained.
Many in the industry and in the Bush administration argue that national banks should be exempted from these rules. There is no reason that national banks and federal thrifts should be treated differently from all other mortgage holders when it comes to how to foreclose and how to maintain foreclosed property.

California Economic Updated

Sue Margiotta (Power Brokers International) — Sun, 08 Jun 2008 08:52:30 -0500

Market-wise, after some improvement yesterday, today rates are stable and slightly lower. The 10-yr is back below 4.0%, which is nice to see after many were forecasting that once it went above 4.0% last week we were bound to quickly see 4.50%. Mortgage prices are roughly unchanged. Yesterday the improvement in rates came from the ol' "flight to quality" bid due to renewed concerns about the health of the US financial system drove stocks down. S&P cut its debt rating on a number of investment banks (including Merrill, Lehman, and Morgan Stanley). Today's only release is the April factory orders report and is expected to fall slightly by 0.1% following the previous month's 1.3% gain.

Last week BofA/Countrywide announced David Sambol's departure, yesterday Wachovia nudged out Ken Thompson, and then later Bloomberg reported Washington Mutual said Chief Executive Officer Kerry Killinger will step down as chairman following investor complaints for an 80% decline in market value in the past year. Independent director Stephen Frank will become chairman on July 1. Washington Mutual said then it could lose as much as $19 billion in the next three to four years on home loans depending on U.S. economic conditions. Killinger will stay on as CEO.

Are things stabilizing in "home ownership land"? Maybe not. Mortgage Insurance Companies of America reported that in April, 73,880 homeowners with privately insured mortgages fell more than 60 days late on payments, compared with 39,584 who got back on track. According to RealtyTrac, in April, foreclosure filings surged 65 percent and bank seizures more than doubled in April compared with a year earlier as rates on adjustable mortgages increased, In April, a record 183,000 homeowners were able to work out new borrowing terms with lenders and avoid foreclosure filings, according to the Hope Now Alliance. The same month, foreclosure filings were reported on more than 243,000 properties, a 65 percent increase compared with April 2007, said Irvine, California-based data provider RealtyTrac. One in every 519 U.S. households is in some stage of the foreclosure process, RealtyTrac said.

Toll Brothers Inc. swung to a fiscal second-quarter loss from a year-earlier profit on 30% lower revenue, and its chief executive reiterated a call on Congress to enact tax incentives to encourage people to buy homes.

According to an article in the Wall Street Journal, Lehman Brothers is considering raising $3-4 billion in new capital for the second time in as many months. The paper reports Lehman could sell $3 billion to $4 billion in common stock, just two months after the firm raised $4 billion in a heavily oversubscribed sale of preferred stock.

Has Wells Fargo come out with a firm policy, finally, after Fannie announced theirs? Wells sent out an update yesterday addressing the "Conforming Conventional At Risk Markets Policy", clarifying their changes from May 16 and May 23rd for both standard conforming and High Balance Conforming conventional loans. On delegated loans, "Wells Fargo Funding will accept delegated conforming conventional loans that meet agency guidelines for maximum financing in declining markets. Sellers are no longer required to apply Well Fargo's At Risk Markets policy to these loans. For transactions in declining markets where mortgage insurance is required, Sellers are responsible for placing mortgage insurance prior to delivery to Wells Fargo Funding." And for self insurance, Wells sent out a different set of restrictions dealing with LTV/CLTV's based on market classifications.

0.21 ac 120° - Desert Hot Springs Natural Hot Water Springs Area

Sue Margiotta (Power Brokers International) — Sun, 01 Jun 2008 17:19:35 -0500

0.21 ac 120° - Desert Hot Springs Natural Hot Water Springs Area

120° natural springs temperature according to map.

0.21 acres vacant land in Desert Hot Springs Natural Hot Water Springs Area. Club Circle Drive - -

Several hotels Hot Water Hotels and Multi-Family Units on Club Circle drive and surrounding area, parcel is located on elevated street with amazing mountain, city and valley views

Price Reduction - 5 acres vacant land, North Palm Springs/Desert Hot Springs

Sue Margiotta (Power Brokers International) — Fri, 30 May 2008 09:50:23 -0500

Price Reduction - 5 acres vacant land, North Palm Springs/Desert Hot Springs Industrial Area

$275,000

Great location, close to homes, businesses and future industrial park. Just North of 100 acres recently purchased by Carl Ross, developer of Ontario Industrial Park and Barstow Industrial Park which is proposed future area of Walmart distribution center

Recent articles show Carl Ross of Safari Properties confirms purchasing 100 acres North of I-10 which is just South of this 5 acre site..

Salton Sea - Where There's Algae, There's Fuel

Sue Margiotta (Power Brokers International) — Fri, 30 May 2008 08:52:40 -0500

Where There's Algae, There's Fuel

Scientists have recently made breakthroughs in the feasibility of
creating biofuel from algae. What follows is one of a number of
articles on the subject that exist out there. Do we know a place that
produces tons of algae? Let's put on our thinking caps...

http://saltonseachronicles.blogspot.com/

Source: The Seattle Times

An Arizona energy company is betting big on algae. PetroSun Biofuels
has opened a commercial algae-to-biofuels farm on the Texas Gulf Coast
near scenic Harlingen Texas. The farm is a 1,100 acre network of
saltwater ponds, 20 acres of which will be dedicated to researching
and developing an environmental jet fuel. PetroSun's game plan is to
extract algal oil on-site at the farms and transport it to company
bideisel refineries via barge, rail or truck. The company plans to
open more farms in Alabama, Arizona, Louisiana, Mexico, Brazil, and
Australia in 2008. Of all the options for future jet biofuel
production, algae is considered one of the most viable. It yields 30
times more energy per acre than its closest competitor, and requires
neither fresh water, arable land used for cultivation, or consumable
food, giving it an advantage over ethanol. PetroSun asserts that an
area the size of Maryland could produce enough algae biofuel to
satisfy the entire fuel requirements of the United States. Perhaps
seeing the writing on the wall, the once skeptical Boeing is now said
to be working with alternative fuel developers from around the world
to accelerate alternatives to jet fuel, which at $110 a barrel is
threatening to sink the major airlines. Continental has said that it
will conduct a biofuel test flight next year, the first US airline to
do so. Earlier this year, Virgin Atlantic flew a 747 partially powered
by coconut and babassu oil. In addition to its commercial
applications, PetroSun says, somewhat cryptically, that it is also
working with a "government laboratory" to co-develop an algae-based
fuel for military use.
Gordon LeBlanc, Jr., the CEO of PetroSun, is quoted as saying that the
company's success is a combination of a superior technological
approach, sheer luck, and a "redneck can-do attitude."

Cathedral City Single Family Residence, $339,000

Sue Margiotta (Power Brokers International) — Wed, 28 May 2008 21:54:43 -0500

Residential Income Property - Cathedral City, CA 92234. Walking distance to Schools and Shopping.

Great family home in Century Park area of Cathedral City. Close to schools, parks and shopping. Low maintenance expansive desert landscaping, front & rear with amazing curb appeal. Enclosed private front patio with mountain views, custom Elizabeth shutters, new 5 ton AC unit, upgrades throughout. This is top quality at a very affordable price! Home is being used as a rental income property. Very neat tenant.

31125 San Ysidro Ave, Cathedral City, Single Family Residence $259,000

Sue Margiotta (Power Brokers International) — Wed, 28 May 2008 21:37:40 -0500

$259,000, 3bed/2bath with 2 fireplaces and HUGE yard

Newly upgraded custom home with 2 fireplaces, one in master bedroom. Custom flooring, new kitchen, bathrooms, new carpet and paint.. house has been totally refurbished. Huge yard with panoramic mountain views. Currently being used as investment rental property. Master bedroom, walk-in closet, bath and laundry room added without permits. House is over 1,500 s.f. (buyer to verify).

Reply: sue@e-desert.com

Details

Photo Gallery

View Rooms

Cathedral City

MLS #21332572

$259,000




More Photos(6)

	Details


	Address:31125 San Ysidro Type: Residential Style: Single Story Bedrooms: 3 Bathrooms: 2 Suite: No Living Area: 1,400 square feet Year Built: 1986 More Details

0.58 acres vacant Commercial Land with Dillon Avenue Frontage $70k

Sue Margiotta (Power Brokers International) — Wed, 28 May 2008 21:14:58 -0500

Listing #21332382 $70,000 (LP)	12 Dillon Ave, Sky Valley, CA Active (05/26/08) CDOM: 2
	Acres: 0.580	Lot Sz: 25265sqft*

Remarks

0.58 acres Commercial zoned vacant lot with Dillon Frontage, Rural Village zoned area of Sky Valley

Agent

Sue Margiotta Primary:760-238-2160

Office

Power Brokers International

Lots & Land

Active (05/26/08)

Not in a Development

Riverside

Riverside Thomas Gd.

Map Coordinates

728, E3

Cross Street

Dowell Ln

Dillon between Bel Air Way and Dowell Lane

25 acres Vacant Land - Sky Valley

Sue Margiotta (Power Brokers International) — Sun, 18 May 2008 19:14:26 -0500

Active 04/25/08	Listing # 21329316	Dillon Rd Sky Valley, CA 92241	Listing Price: $450,000
	County: Riverside	Cross St: Terry	Map: 728, C2

Prop Type

Lots & Land

Prop Subtype(s)

Lots & Land

Area

344-Sky Valley

Subdivision

Not in a Development

Price/Acre

$18,867.93

APN

645120012

Lot Sq Ft (approx)

1038906

Lot Acres (approx)

23.850

Presented By: Sue Margiotta / Power Brokers International Phone: 760-238-2160

1.25 acres Vacant Land - Desert Hot Springs, Across from Skyborne Development

Sue Margiotta (Power Brokers International) — Sun, 18 May 2008 19:09:45 -0500

Desert Hot Springs Vacant Land - Residential Zoned

	Listing # 21319314	Gateway Blvd Desert Hot Springs, CA 92240	Listing Price: $325,000
	County: Riverside	Cross St: Worsley	Map: 696, H4

Prop Type

Lots & Land

Prop Subtype(s)

Lots & Land

Area

340-Desert Hot Spr

Subdivision

Not in a Development

Price/Acre

$264,227.64

APN

667202039

Lot Sq Ft

53579

Lot Acres

1.230

Occupant

Vacant

Directions Hwy 62 & Pierson Blvd, East on Pierson, 1st block take right, look for sign on first street on left. (see pin placement on map)

Public Marketing Remark Great location, growing area of DHS, nice lot with potential to subdivide. Zoned R-1, adjacent to Scenic Highway Commercial zoned area of North Hot Springs. Just Below Skyborne Development and close to Indigo Lakes Shopping Center Development and High Pointe Estates Development. (See Map) Buy and hold, or start building your estate now...

Presented By: Sue Margiotta / Power Brokers International Phone: 760-238-2160

All information herein has not been verified and is not guaranteed.

1 acre - Palm Springs, I-10 Interstate Frontage

Sue Margiotta (Power Brokers International) — Sun, 18 May 2008 18:59:55 -0500

Palm Springs Vacant Land

	Listing # 21327096	I10 Interstate Palm Springs, CA 92258	Listing Price: $100,000
	County: Riverside	Cross St: Indian Ave	Map : 725, J4

Property Type

Lots & Land

Prop Subtype

Lots & Land

Area

331-Palm Spr. N. End

Subdivision

Not in a Development

Price/Acre

$90,909.09

APN

668350004

Lot Sq Ft (approx)

47916

Lot Acres (approx)

1.100

Occupant

Vacant

CDOM

Phone to Show

Directions Take I-10 to the Indian Ave exit. Go south on Indian Ave one block. Turn right on the paved road between the Pilot Travel Center and the Jack In The Box (Garnet Rd.) Go west on Garnet Rd, which runs parallel to and south of I-10

Public Marketing Remark 1 full acre with Interstate I-10 Frontage. Industrial area is just a few blocks to the east on Garnet. Paved road.

Listing Agent	Sue Margiotta (ID:70601) Primary:760-238-2160
Listing Office	Power Brokers International

5 ac Vacant Land - North Palm Springs, Desert Hot Springs Industrial Area

Sue Margiotta (Power Brokers International) — Sun, 18 May 2008 18:25:18 -0500

Desert Hot Springs Vacant Land

Active 05/14/08	Listing # 21331356	Teagarden Desert Hot Springs, CA 92240	Listing Price: $350,000
	County: Riverside	Cross St: Indian Ave/Dillon	Map : 726, E2

Property Type

Lots & Land

Prop Subtype

Lots & Land

Area

340-Desert Hot Spr

Subdivision

Not in a Development

Price/Acre

$70,000.00

APN

666230009

Lot Sq Ft (approx)

217800

Lot Acres

5.000

Directions I-10 Interstate, North on Indian, East (R) on Teagarden

269 Strada Nova, Palm Desert, CA 92260

Sue Margiotta (Power Brokers International) — Sun, 11 May 2008 08:48:08 -0500

Active 05/08/08	Listing # 21330832	269 Strada Nova Palm Desert, CA 92260-1812	Listing Price: $1,800
	County: Riverside	Cross St: Monterey	Map: 818, E3

Prop Type

Residential Lease

Prop Subtype(s)

Single Fam Res Detch

Area

322-Palm Desert N.

Subdivision

Merano

Beds

Approx SqFt

1495

Baths

Price/Sq Ft

$1.20

Year Built

1998

Lot Sq Ft (approx)

6098

APN

620382061

Lot Acres (approx)

0.140

Occupant

Vacant

CDOM

Directions Corner of Monterey Ave and Country Club

Public Marketing Remark Spectacular Home in Merano. North Palm Desert Gated Community. Close to shopping, restaurants, parks and all that Palm Desert has to offer!! This home offers 2 Bedrooms plus a den with pull out bed. Large and open Great Room with fireplace. Offered Furnished.

Listing Agent

Sue Margiotta (ID:70601) Primary:760-238-2160, FAX: 760-692-9552

Mortgage News

Sue Margiotta (Power Brokers International) — Thu, 08 May 2008 15:25:32 -0500

It was announced last week that Countrywide closed 16 wholesale loan centers. This, of course, re-ignited the discussion of what Bank of America will do with Countrywide's three business channels: retail, wholesale, and correspondent. Generally speaking, retail is viewed as "the surest thing", but there are definitely reasons for BofA to keep the other two channels in one form or another.

FNMA/Fannie/Fannie Mae's 1^st quarter results showed a loss of $2.2 billion, considerably worse than consensus estimates. Where did the loss come from? Many think that Fannie Mae only is involved in prime mortgages, but 43.0%, or $946 million, of the $2.2 billion in losses incurred during the first quarter involved Alt-A loans. They also said that the company's "Alt-A book will continue to drive an outsize portion of our overall credit losses." Fannie also reported $344.6 billion current Alt-A exposure and a limited strategy for stemming future losses.

Are mortgage and housing problems hitting state budgets? You bet! In a story in Bloomberg, California's budget deficit could hit $20 billion by July because of a slumping economy and required spending. Composite home-price indices often show California among the hardest-hit states. http://www.bloomberg.com/apps/news?pid=20601103&sid=aDV0N3Sqi9m4&

HSBC is now restricting a minimum lock of 60 days for FHA loans! Loans that were mistakenly locked for 15, 30 or 45 day will be converted to 60 day lock by HSBC on the day of the lock.

The 10-yr has shot up to 3.92%, and mortgage prices are slightly worse than yesterday afternoon. It is a very light news week, and in a "thinly traded" market (without much volume) it is easy for volatility to increase and for rates to drift up or down. Unfortunately rates have gone up, with analysts reminding everyone that it appears that the Fed is done lowering rates, and indeed inflation is a concern.

Salton Sea Geothermal Land to Power Los Angeles.. update

Sue Margiotta (Power Brokers International) — Mon, 05 May 2008 10:08:35 -0500

Power's path contested

Agency says corridor not yet chosen Lauren McSherry, Staff Writer Article Launched: 05/04/2008 09:36:17 PM PDT
The Los Angeles Department of Water and Power says it has yet to pick a preferred route for Green Path North, a proposed electrical corridor running from Desert Hot Springs to Hesperia.

"The fact of the matter is we haven't even commenced the environmental process," said general manager David Nahai about selecting a route.

But folks from the California Desert Coalition and a local chapter of the Sierra Club say a route has been chosen, and they intend to show people where the agency intends to install the high-tension corridor.

"I think it's important to educate people about what the landscape looks like and how pristine the conservation lands are," said April Sall, one of the organizers. "It's extremely sensitive habitat."

The LADWP, the largest city-owned utility in the nation, has proposed building Green Path North to bring power from the Imperial Valley to Los Angeles and other parts of Southern California.

The department said the proposed corridor is a "green" project because it will tap into renewable energy sources, such as geothermal, wind and solar.

"Green Path North, which will be our transmission corridor serving Los Angeles will transfer renewable energy from the Salton Sea," Nahai said.

But environmental groups say the corridor will run through pristine stretches of desert and will use power sources that burn fossil fuels.

The California Desert Coalition and a local chapter of the Sierra Club known as the Tahquitz Group organized a tour by foot and car, beginning at 8:30 a.m. Saturday at Pipes Canyon Road and Old Woman Springs Road in Yucca Valley.

The tour started just north of Big Morongo Canyon Preserve and ended near Lucerne Valley, Sall said.

Twenty-seven people went on the tour, said Al Murdy, a member of the Tahquitz Group, on Sunday.

Members of the coalition said they have pieced together the route by examining documents submitted by the LADWP to the Bureau of Land Management and the Department of Energy.

Asked whether there is consensus within the LADWP as to a preferred route, Nahai said, "I wouldn't say so. We want to go to the community with a very open mind about the best thing to do."

He added that a route was submitted to the BLM and the Department of Energy, but that the LADWP only did so to meet a requirement to start the process.

Part of the tour on Saturday included a hike along the tops of mesas as well as a drive to show where transmission towers will be if the project goes forward, Sall said.

Hikers also visited two archaeological sites on the proposed route, Murdy said.

"I think it's important to show people what the effects would be like on the ground and what would be spoiled," Sall said.

La Quinta Cove Foreclosures

Sue Margiotta (Power Brokers International) — Fri, 02 May 2008 09:42:43 -0500

162 listings currently listed on Desert Area MLS in La Quinta Cove.

85 Listings and sales on MLS in the last month have had Notice of Defaults, Foreclosed or listed as Short Sales

This map is a combination of up and coming auctions, and notice of defaults and foreclosures on MLS.

So many foreclosures just in the one area of La Quinta.

Desert Area Foreclosures for April, 2008

Sue Margiotta (Power Brokers International) — Fri, 02 May 2008 09:30:30 -0500

Sale Date	Address	City	State
4/3/2008	1046 North San Gorgonio Avenue	BANNING	CA
4/3/2008	1554 Adam Street	BANNING	CA
4/10/2008	231 North Evans Street	BANNING	CA
4/17/2008	5228 West King Street	BANNING	CA
4/24/2008	831 W GEORGE ST	BANNING	CA
4/24/2008	4928 Spring View Drive	BANNING	CA
4/1/2008	1591 Shadow Hills Trail	BEAUMONT	CA
4/1/2008	37856 BRUTUS WAY	BEAUMONT	CA
4/1/2008	1485 Sunflower Court	BEAUMONT	CA
4/1/2008	1449 Midnight Sun Drive	BEAUMONT	CA
4/3/2008	1068 NIGHTHAWK PL	BEAUMONT	CA
4/7/2008	1605 Stone Creek Road	BEAUMONT	CA
4/8/2008	39 Nutwood Avenue	BEAUMONT	CA
4/9/2008	1783 Morgan Avenue	BEAUMONT	CA
4/9/2008	36580 Bay Hill Drive	BEAUMONT	CA
4/9/2008	804 ANNANDALE ROAD	BEAUMONT	CA
4/10/2008	1022 Darby Dan Way	BEAUMONT	CA
4/11/2008	672 Ashford Court	BEAUMONT	CA
4/14/2008	1493 Playa Street	BEAUMONT	CA
4/14/2008	1258 Massachusetts Avenue	BEAUMONT	CA
4/14/2008	1734 SHARON COURT	BEAUMONT	CA
4/17/2008	38762 Florence Street	BEAUMONT	CA
4/17/2008	50 BERKSHIRE AVENUE	BEAUMONT	CA
4/18/2008	937 Hardwick Avenue	BEAUMONT	CA
4/18/2008	35726 Anderson Street	BEAUMONT	CA
4/21/2008	1552 East 6th Street	BEAUMONT	CA
4/21/2008	1354 Olympic Street	BEAUMONT	CA
4/21/2008	40451 Pippin Way	BEAUMONT	CA
4/22/2008	1159 lantana Road	BEAUMONT	CA
4/23/2008	709 FLOWER STREEET	BEAUMONT	CA
4/24/2008	35432 BYRON TRL	BEAUMONT	CA
4/28/2008	1451 Crescent Moon Way	BEAUMONT	CA
4/9/2008	43427 Lacovia Dr	Bermuda Dunes	CA
4/9/2008	79371 Spalding Drive	BERMUDA DUNES	CA
4/21/2008	78984 Bayside Court	BERMUDA DUNES	CA
4/2/2008	36360 Elna Way	CATHEDRAL CITY	CA
4/2/2008	68798 F ST	CATHEDRAL CITY	CA
4/2/2008	68670 San Felipe Road	CATHEDRAL CITY	CA
4/2/2008	68685 Durango Road	CATHEDRAL CITY	CA
4/2/2008	68906 30th Avenue	CATHEDRAL CITY	CA
4/2/2008	67725 Gabino Road	CATHEDRAL CITY	CA
4/2/2008	67795 Medano Road	CATHEDRAL CITY	CA
4/2/2008	31891 Avenida La Paloma	CATHEDRAL CITY	CA
4/2/2008	32925 Wishing Well Trail	CATHEDRAL CITY	CA
4/3/2008	32957 Navajo Trail	CATHEDRAL CITY	CA
4/3/2008	31591 Whispering Palms Trail	CATHEDRAL CITY	CA
4/3/2008	31200 LANDAU BLVD UNI	CATHEDRAL CITY	CA
4/3/2008	67372 TOLTEC COURT	CATHEDRAL CITY	CA
4/9/2008	31600 San Eljay Avenue	CATHEDRAL CITY	CA
4/9/2008	69824 FATIMA WAY	CATHEDRAL CITY	CA
4/9/2008	28705 Avenida Condesa	CATHEDRAL CITY	CA
4/9/2008	68420 Hermosillo Road	CATHEDRAL CITY	CA
4/9/2008	27475 Ventura Drive	CATHEDRAL CITY	CA
4/9/2008	33589 Sky Blue Water Trail	CATHEDRAL CITY	CA
4/9/2008	33117 SKY BLUE WATER TRL	CATHEDRAL CITY	CA
4/10/2008	37585 Palo Verde Drive	CATHEDRAL CITY	CA
4/11/2008	69905 Via Del Sur	CATHEDRAL CITY	CA
4/16/2008	31550 AVENIDA ALVERA	CATHEDRAL CITY	CA
4/16/2008	68880 30TH AVE	CATHEDRAL CITY	CA
4/16/2008	67390 GARBINO ROAD	CATHEDRAL CITY	CA
4/16/2008	27148 SHADOW CREST LANE	CATHEDRAL CITY	CA
4/16/2008	31200 Laundau blvd, #2306	CATHEDRAL CITY	CA
4/16/2008	31780 Avenida Ximino	Cathedral City	CA
4/16/2008	33446 Sky Blue Water Trail	CATHEDRAL CITY	CA
4/18/2008	85 Lakeview Circle	CATHEDRAL CITY	CA
4/23/2008	30705 AVENIDA DEL YERMO	CATHEDRAL CITY	CA
4/23/2008	32296 Monte Vista Road	CATHEDRAL CITY	CA
4/23/2008	68132 Santiago Road	CATHEDRAL CITY	CA
4/23/2008	68780 Jarana Road	CATHEDRAL CITY	CA
4/23/2008	68745 Vista Chino	CATHEDRAL CITY	CA
4/25/2008	69305 Vera Drive	CATHEDRAL CITY	CA
4/30/2008	69355 35th Avenue	Cathedral City	CA
4/30/2008	68375 DESCANSO CIR	CATHEDRAL CITY	CA
4/30/2008	31930 Avenida La Paloma	CATHEDRAL CITY	CA
4/30/2008	67385 Tamara Road	Cathedral City	CA
4/30/2008	67865 ONTINA ROAD	CATHEDRAL CITY	CA
4/3/2008	84121 MAGNOLIA ST	COACHELLA	CA
4/3/2008	83220 El Greco Avenue	COACHELLA	CA
4/7/2008	50780 CHIAPAS DRIVE	COACHELLA	CA
4/7/2008	52-171 Allende Drive	COACHELLA	CA
4/7/2008	83240 Pueblo Bonito Avenue	COACHELLA	CA
4/8/2008	83474 Puerto Escondido	COACHELLA	CA
4/8/2008	48231 ARICA DR	COACHELLA	CA
4/8/2008	50061 PASEO CORDOVA	COACHELLA	CA
4/8/2008	52211 Cypress Street	COACHELLA	CA
4/9/2008	83343 Pluma Dorada Court	COACHELLA	CA
4/11/2008	1105 Pendleton Way	Coachella	CA
4/15/2008	50791 Avenida Razon	COACHELLA	CA
4/17/2008	50260 Mazatlan Drive	COACHELLA	CA
4/21/2008	50071 KENMORE STREET	COACHELLA	CA
4/22/2008	49875 AVENIDA DE PLATA	COACHELLA	CA
4/23/2008	50028 Calle Tolosa	COACHELLA	CA
4/23/2008	50935 Chiapas Drive	COACHELLA	CA
4/25/2008	84486 Calle Cathron	COACHELLA	CA
4/25/2008	85403 Heather Lane	COACHELLA	CA
4/28/2008	49255 Tulipan Street	COACHELLA	CA
4/29/2008	85433 Valencia Lane	Coachella	CA
4/29/2008	50465 Mazatlan Drive	COACHELLA	CA
4/1/2008	67085 SAN ARDO RD	DESERT HOT SPRINGS	CA
4/1/2008	66674 6TH STREET	DESERT HOT SPRINGS	CA
4/1/2008	12654 TAMAR DR	DESERT HOT SPRINGS	CA
4/1/2008	68231 Via Domingo	DESERT HOT SPRINGS	CA
4/1/2008	67715 San Antonio Street	DESERT HOT SPRINGS	CA
4/1/2008	16231 BUBBLING WELLS RD	DESERT HOT SPRINGS	CA
4/1/2008	65888 Ironwood Drive	DESERT HOT SPRINGS	CA
4/1/2008	18770 PAINTBRUSH TRL	DESERT HOT SPRINGS	CA
4/2/2008	13675 West Drive	DESERT HOT SPRINGS	CA
4/2/2008	66443 CAHUILLA AVE	DESERT HOT SPRINGS	CA
4/2/2008	10644 San Pablo	DESERT HOT SPRINGS	CA
4/3/2008	65952 4th Street	DESERT HOT SPRINGS	CA
4/3/2008	15493 Avenida Monteflora	DESERT HOT SPRINGS	CA
4/3/2008	16865 AVENIDA MANZANA	DESERT HOT SPRINGS	CA
4/7/2008	16525 AVENIDA ATEZADA	DESERT HOT SPRINGS	CA
4/7/2008	9551 San Rafael	DESERT HOT SPRINGS	CA
4/7/2008	66191 Flora Avenue	DESERT HOT SPRINGS	CA
4/8/2008	10696 SANTA CRUZ RD	DESERT HOT SPRINGS	CA
4/8/2008	16181 ELAINE DR	DESERT HOT SPRINGS	CA
4/8/2008	13677 Caliente Drive	DESERT HOT SPRINGS	CA
4/9/2008	66754 Granada Avenue	DESERT HOT SPRINGS	CA
4/9/2008	13682 Mountain Top Drive	DESERT HOT SPRINGS	CA
4/9/2008	68056 Calle Azteca	DESERT HOT SPRINGS	CA
4/9/2008	66320 Cahuilla Avenue	DESERT HOT SPRINGS	CA
4/10/2008	66320 12TH ST.	DESERT HOT SPRINGS	CA
4/10/2008	23195 Hot Springs Road	DESERT HOT SPRINGS	CA
4/14/2008	66349 2nd Street	DESERT HOT SPRINGS	CA
4/14/2008	10601 San Miguel Road	DESERT HOT SPRINGS	CA
4/14/2008	66604 GRANADA AVE	DESERT HOT SPRINGS	CA
4/14/2008	65797 Desert View Avenue	DESERT HOT SPRINGS	CA
4/14/2008	16709 VIA CORTO W	DESERT HOT SPRINGS	CA
4/14/2008	66988 Joshua Court	DESERT HOT SPRINGS	CA
4/15/2008	23800 Curtin Road	DESERT HOT SPRINGS	CA
4/18/2008	65861 Desert View Avenue	DESERT HOT SPRINGS	CA
4/18/2008	12700 Catalpa Avenue	DESERT HOT SPRINGS	CA
4/21/2008	66921 Pierson Boulevard	DESERT HOT SPRINGS	CA
4/21/2008	13600 EL CAJON DRIVE#A B C	DESERT HOT SPRINGS	CA
4/21/2008	13074 El Cajon Drive	DESERT HOT SPRINGS	CA
4/21/2008	10680 AMBROSIO DRIVE	DESERT HOT SPRINGS	CA
4/22/2008	13520 Monterey Road	DESERT HOT SPRINGS	CA
4/22/2008	66040 Flora Avenue	DESERT HOT SPRINGS	CA
4/23/2008	75650 Dillon Road	DESERT HOT SPRINGS	CA
4/24/2008	15865 AVENIDA MONTEFLORA	DESERT HOT SPRINGS	CA
4/25/2008	64111 SilverStar Avenue	DESERT HOT SPRINGS	CA
4/25/2008	15222 VIA QUEDO	DESERT HOT SPRINGS	CA
4/25/2008	66350 Flora Avenue	DESERT HOT SPRINGS	CA
4/28/2008	66539 SIXTH STREET	DESERT HOT SPRINGS	CA
4/28/2008	13770 CACTUS DRIVE	DESERT HOT SPRINGS	CA
4/28/2008	64225 MOUNTAIN SHASTA LANE	DESERT HOT SPRINGS	CA
4/29/2008	65835 Desert View Ave	DESERT HOT SPRINGS	CA
4/29/2008	66034 Santa Rosa Road	DESERT HOT SPRINGS	CA
4/29/2008	66211 Santa Rosa Road	DESERT HOT SPRINGS	CA
4/30/2008	13625 INAJA STREET	DESERT HOT SPRINGS	CA
4/1/2008	82031 CALICO AVENUE	INDIO	CA
4/2/2008	80440 Ullswater Drive	INDIO	CA
4/2/2008	80709 TURNBERRY CT	INDIO	CA
4/3/2008	44-260 Monroe Street # 40	INDIO	CA
4/3/2008	80-425 Burnley Lane	INDIO	CA
4/9/2008	81337 Avenida Romero	INDIO	CA
4/9/2008	82421 Coolidge Avenue	INDIO	CA
4/9/2008	91316 Fuchsia Avenue	INDIO	CA
4/9/2008	46550 Carnation Court	INDIO	CA
4/9/2008	82853 DAVIS DR	INDIO	CA
4/9/2008	80762 Diamondback Trail	INDIO	CA
4/9/2008	47734 Mirage Way	INDIO	CA
4/9/2008	80153 MARAMAR DR	INDIO	CA
4/9/2008	83909 Hopi Avenue	INDIO	CA
4/10/2008	82281 Olivera Avenue	INDIO	CA
4/14/2008	80318 Windsong Way	INDIO	CA
4/15/2008	49742 WAYNE STREET	INDIO	CA
4/16/2008	37-583 SEVERN PLACE	INDIO	CA
4/16/2008	48877 HEIFITZ DR	INDIO	CA
4/16/2008	49420 SHERMAN STREET	INDIO	CA
4/16/2008	81129 Soaring Hawk Court	INDIO	CA
4/16/2008	80551 Apricot Lane	INDIO	CA
4/16/2008	80578 jasper Park Avenue	INDIO	CA
4/16/2008	80832 Amherst Avenue	INDIO	CA
4/16/2008	46240 Willow Lane	INDIO	CA
4/17/2008	81300 Sirocco Avenue	INDIO	CA
4/17/2008	84-533 STRADA WAY	INDIO	CA
4/17/2008	46415 Monte Vista Drive	INDIO	CA
4/17/2008	82931 Corte Maria	INDIO	CA
4/17/2008	43766 GLACIER BAY PL	INDIO	CA
4/18/2008	80371 Windsong Way	INDIO	CA
4/22/2008	43835 CAMPO PLACE	INDIO	CA
4/23/2008	47800 Madison Street #170	INDIO	CA
4/23/2008	47507 PALOMINO CT	INDIO	CA
4/23/2008	83390 Tropical Whisper Court	INDIO	CA
4/23/2008	82441 GREGORY COURT	INDIO	CA
4/23/2008	82506 LINCOLN DRIVE	INDIO	CA
4/23/2008	49-448 PACINO ST	INDIO	CA
4/23/2008	83139 Ruby Avenue	INDIO	CA
4/23/2008	82711 Smoke Tree Avenue	INDIO	CA
4/23/2008	42260 Hideway Street	INDIO	CA
4/23/2008	79-553 HALFMOON BAY	INDIO	CA
4/24/2008	82060 ODLUM DRIVE	INDIO	CA
4/25/2008	43555 Brahea Court	INDIO	CA
4/29/2008	40-286 Padova Drive	Indio	CA
4/30/2008	40473 AMADOR DRIVE	INDIO	CA
4/30/2008	83 -871 WOLF CREEK RD	INDIO	CA
4/30/2008	83179 Greenbrier Drive	INDIO	CA
4/30/2008	82531 Yeager Way	INDIO	CA
4/30/2008	82551 YEAGER WY	INDIO	CA
4/30/2008	45135 ELM ST	INDIO	CA
4/3/2008	53655 Avenida Rubio	LA QUINTA	CA
4/8/2008	54295 Avenida Ramirez	La Quinta	CA
4/8/2008	79225 Violet Court	LA QUINTA	CA
4/8/2008	52080 AVENIDA VILLA	LA QUINTA	CA
4/10/2008	53251 AVENIDA VELASCO	LA QUINTA	CA
4/10/2008	78735 NAPLES DR	LA QUINTA	CA
4/11/2008	52990 Avenida Villa	LA QUINTA	CA
4/14/2008	54470 AVENIDA JUAREZ	LA QUINTA	CA
4/14/2008	53380 Avenida Diaz	LA QUINTA	CA
4/17/2008	77-907 Grey Wolf Trail	LA QUINTA	CA
4/22/2008	52285 AVENIDA DIAZ	LA QUINTA	CA
4/23/2008	49040 BALADA COURT	LA QUINTA	CA
4/25/2008	54521 Avenida Alvarado	LA QUINTA	CA
4/28/2008	78660 Saguaro Drive	LA QUINTA	CA
4/29/2008	47590 Via Montigo	LA QUINTA	CA
4/30/2008	50620 SANTA ROSA PLAZA #7	LA QUINTA	CA
4/10/2008	72550 SHELL DR	MECCA	CA
4/14/2008	70575 Conchella Drive	MECCA	CA
4/23/2008	91147 Cielo Court Mecca, CA	MECCA	CA
4/1/2008	47740 Calle De Los Campesinos	PALM DESERT	CA
4/2/2008	73525 SHADOW MOUNTAIN	PALM DESERT	CA
4/2/2008	43420 TEXAS AVENUE	PALM DESERT	CA
4/3/2008	40406 Corte Placitas	PALM DESERT	CA
4/4/2008	43376 Cook Street Unit 100	PALM DESERT	CA
4/4/2008	74230 Erin Street	PALM DESERT	CA
4/8/2008	74232 Aster Drive	PALM DESERT	CA
4/16/2008	43376 COOK STREET UNIT 6	PALM DESERT	CA
4/18/2008	72753 Beavertail Street	PALM DESERT	CA
4/23/2008	41170 CARLOTTA DRIVE	PALM DESERT	CA
4/23/2008	74160 DESERT STAR BOULEVARD	PALM DESERT	CA
4/28/2008	37791 Colebridge Street	PALM DESERT	CA
4/30/2008	77290 INDIANA AVENUE	PALM DESERT	CA
4/30/2008	73525 SHADOW MOUNTAIN	PALM DESERT	CA
4/1/2008	629 El Placer Road	PALM SPRINGS	CA
4/2/2008	Vacant Land Palm Springs, CA	PALM SPRINGS	CA
4/7/2008	2089 Jacques Drive	PALM SPRINGS	CA
4/9/2008	580 E Laurel Cir	Palm Springs	CA
4/10/2008	112 Saturn	PALM SPRINGS	CA
4/11/2008	1579 Sunflower Court	PALM SPRINGS	CA
4/16/2008	644 Las Vegas Road	PALM SPRINGS	CA
4/22/2008	15780 CORAL ST	PALM SPRINGS	CA
4/23/2008	200 East Racquet Club Road #69	PALM SPRINGS	CA
4/25/2008	60221 Holly Drive	PALM SPRINGS	CA
4/28/2008	17209 KEITH	PALM SPRINGS	CA
4/29/2008	457 North Juanita Drive	PALM SPRINGS	CA
4/29/2008	333 VALMONTE DEL NO	PALM SPRINGS	CA
4/30/2008	921 Alta Cresta	PALM SPRINGS	CA
4/30/2008	473 East Bradshaw Lane # 10	PALM SPRINGS	CA
4/30/2008	360 CABRILLO RD APT 226	PALM SPRINGS	CA
4/17/2008	4 VIA SANTANELLA	RANCHO MIRAGE	CA
4/22/2008	83060 ALVARADO AVE	THERMAL	CA
4/14/2008	31608 Robert Road	THOUSAND PALMS	CA
4/1/2008	HALBRENT	WHITEWATER	CA

Calif.bill requires lenders to maintain foreclosed homes

Sue Margiotta (Power Brokers International) — Fri, 02 May 2008 08:17:02 -0500

Calif.bill requires lenders to maintain foreclosed homes

Banks could be fined $1,000 a day for failure to maintain foreclosed properties if legislation that passed the state Senate Monday becomes law. The bill moves on to the Assembly and would take effect as soon as it can be signed into law. An earlier version defeated in January was opposed by banks and mortgage companies.

MAKING SENSE OF THE STORY FOR CONSUMERS

Communities throughout inland California have been hit hard by properties that are left uncared for after a family moves out due to foreclosure. These untended properties tend to negatively affect the value of surrounding properties and entire neighborhoods.
Hardest hit have been Merced, San Joaquin, Stanislaus, Sacramento and Yuba counties. In Merced County, one in 737 residents has been affected. In Sacramento County, it's one in every 1,003 residents.
The proposed law, sponsored by Sen. Dom Perata, would give local governments the ability to fine lenders after providing 14 days' notice to remedy a maintenance problem. Bank opposition was eliminated after provisions requiring lenders to give four month's notice of interest rate increases and requiring face-to-face meetings before foreclosing were removed.

To read the full story, please click here:

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/28/financial/f145807D20.DTL&hw=Calif+bill+requires+lenders&sn=001&sc=1000