Lafayette, California Real Estate *** Lafayette, CA Real Estate Specialist

MyBlogSpot

Fri, 21 Mar 2008 02:34:10 -0500

Wireless Telephone Laws FAQs

Thu, 20 Mar 2008 16:17:06 -0500

Wireless Telephone Laws FAQs

Two new laws dealing with the use of wireless telephones while driving go into effect July 1, 2008. Below is a list of Frequently Asked Questions concerning these new laws.

Q: When do the new wireless telephone laws take effect?

A: The new laws take effect July 1, 2008

Q: What is the difference between the two laws?

A: The first prohibits all drivers from using a handheld wireless telephone while operating a motor vehicle. (Vehicle Code (VC) §23123). Motorists 18 and over may use a hands-free device. Drivers under the age of 18 may NOT use a wireless telephone or hands-free device while operating a motor vehicle(VC §23124).

Q: What if I need to use my telephone during an emergency, and I do not have a hands- free device?

A: The law allows a driver to use a wireless telephone to make emergency calls to a law enforcement agency, a medical provider, the fire department, or other emergency services agency.

Q: What are the fines if I'm convicted?

A: The base fine for the FIRST offense is $20 and $50 for subsequent convictions. According to the Uniform Bail and Penalty Schedule, with the addition of penalty assessments, a first offense is $76 and a second offense is $190.

Q: Will I receive a point on my drivers license if I'm convicted for a violation of the wireless telephone law?

A: NO. The violation is a reportable offense: however, DMV will not assign a violation point.

Q: Will the conviction appear on my driving record?

A: Yes, but the violation point will not be added.

Q: Will there be a grace period when motorists will only get a warning?

A: NO. The law becomes in effect on July 1, 2008. Whether a citation is issued is always at the discretion of the officer based upon his or her determination of the most appropriate remedy for the situation.

Q: Are passengers affected by this law?

A: No. This law only applies to the person driving a motor vehicle.

Q: Do these laws apply to out-of-state drivers whose home states do not have such laws?

A: Yes

Q: Can I be pulled over by a law enforcement officer for using my handheld wireless telephone?

A: YES. A law enforcement officer can pull you over just for this infraction.

Q: What if my phone has a push-to-talk feature, can I use that?

A: No. The law does provide an exception for those operating a commercial motor truck or truck tractor (excluding pickups), implements of husbandry, farm vehicle or tow truck, to use a two-way radio operated by a "push-to-talk" feature.

Q: What other exceptions are there?

A: Operators of an authorized emergency vehicle during the course of employment are exempt as are those motorists operating a vehicle on private property

DRIVERS 18 AND OVER

Drivers 18 and over will be allowed to use a hands-free device to talk on their wireless telephone while driving. The following FAQs apply to those motorists 18 and over.

Q: Does the new "hands-free" law prohibit you from dialing a wireless telephone while driving or just talking on it?

A: The new law does not prohibit dialing, but drivers are strongly urged not to dial while driving.

Q: Will it be legal to use a Blue Tooth or other earpiece?

A: Yes, however you cannot have BOTH ears covered.

Q: Does the new hands-free law allow you to use the speaker phone function of your wireless telephone while driving?

A: Yes.

Q: Does the new "hands-free" law allow drivers 18 and over to text page while driving?

A: The law does not specifically prohibit that, but an officer can pull over and issue a citation to a driver of any age if, in the officer's opinion, the driver was distracted and not operating the vehicle safely. Text paging while driving is unsafe at any speed and is strongly discouraged.

DRIVERS UNDER 18
Q: Am I allowed to use my wireless telephone hands free?

A: NO. Drivers under the age of 18 may not use a wireless telephone, pager, laptop or any other electronic communication or mobile services device to speak or text while driving in any manner, even hands free. EXCEPTION: Permitted in emergency situations to call police, fire or medical authorities. (VC §23124).

Q: Why is the law stricter for provisional drivers?

A: Statistics show that teen drivers are more likely than older drivers to be involved in crashes because they lack driving experience and tend to take greater risks. Teen drivers are vulnerable to driving distractions such as talking with passengers, eating or drinking, and talking or texting on wireless phones, which increase the chance of getting involved in serious vehicle crashes.

Q: Can my parents give me permission to allow me to use my wireless telephone while driving?

A: NO. The only exception is an emergency situation that requires you to call a law enforcement agency, a health care provider, the fire department or other emergency agency entity.

Q: Does the law apply to me if I'm an emancipated minor?

A: Yes. The restriction applies to all licensed drivers who are under the age of 18.

Q: If I have my parent(s) or someone age 25 years or older in the car with me, may I use my wireless telephone while driving?

A: NO. You may only use your wireless telephone in an emergency situation.

Q: Will the restriction appear on my provisional license?

A: No

Q: May I use the hands-free feature while driving if my car has the feature built in?

A: NO. The law prohibits anyone under the age of 18 from using any type of wireless device while driving, except in an emergency situation.

Q: Can a law enforcement officer stop me for using my hands-free device while driving?

A: No. For drivers under the age of 18, this is considered a SECONDARY violation meaning that a law enforcement officer may cite you for using a hands-free wireless phone if you were pulled over for another violation. However, the prohibition against using a handheld wireless telephone while driving is a PRIMARY violation for which a law enforcement officer can pull you over.

Buying a Bank Owned Property ~ Instructions and Frequently asked Questions

Tue, 18 Mar 2008 23:12:27 -0500

Buying a Bank Owned Property

Instructions and Frequently asked Questions

Buying a bank owned property is somewhat different than buying a retail listing. Please familiarize yourself with the following information to assist in the process.

Pricing Structure:

•1. Most lenders and/or asset companies negotiate through a system that allows an offer to be only slightly less than the list price. If a property doesn't sell after 30 days, Security Pacific Real Estate and the Listing agent submit a monthly report to request a price reduction. In theory, the property will be systematically reduced until sold. If an initial offer is rejected, patience on behalf of the buyer may get an approved deal after several weeks.

•2. Low offers are usually countered near or at list price, even if the offer is all cash.

•3. A low offer is considered a combination of: actual price offered as well as percentage of list price. Please contact the Listing Agent to discuss terms prior to writing an offer, especially if the contract is below asking price.

•4. In a multiple offer situation, the lender will likely send back a standard counter offer of "highest and best". This means that all parties are to resend their original offers and resubmit a new offer with their absolute highest offer. Lenders use this "highest and best" response to allow each buyer one last chance to win the property. Some buyers will change their offer, some will remain the same and some will withdraw during this process.

Offer Instructions:

•1. Please send all offers to the Listing Agent via their email or fax to 925.943.7409

•2. Please use the standard CAR form to submit all offers.

•3. Seller's name should remain blank.

•4. Include a prequalification letter from the buyer's lender or verification of funds if the offer is for all cash. Verification can be a bank statement.

•5. Contract should have an "AS IS" addendum attached or statement placed in the additional remarks section of the contract: "Buyers is aware this is a Bank Owned (REO) property and sold in it's "AS IS" condition. "As is" language is very important as the Seller will not allow a request for repairs or credit buyer for damaged items.

•6. The offer should allow at least 7 business days for expiration.

Although banks usually respond within 24 hours of submission, the whole process to ratify the contract may easily take up to 7 days. Furthermore, if the offer is much lower than list price, the lender has an extensive review process that can take extra time.

•7. Include a copy of an earnest deposit check with the original offer. This amount should be at least 1% of the purchase price - though lenders prefer to see more. Please note that some lenders require a deposit be made with certified funds. Additionally some lenders require all cash offers to submit 10% of the purchase price as an earnest deposit. Again, please contact the listing agent to clarify terms before writing your offer.

•8. Although we live in an area where the buyer selects the Title Company and pay the fees associated with Title and Escrow, REO transactions have Title directed by the Seller. These Title Companies are usually out of our area and sometimes have fees different than our local custom.

•9. Closing escrow is not important to the lender. In fact, trying to close an REO transaction in less than 25 days can be problematic, as REO closing agents are very busy and several days may transpire before escrow is fully opened. Also, there is a per diem penalty of $100 to $150 per day to the buyer if an escrow is late to close. The best way to avoid this penalty is to allow at least 30 days for an escrow to close and ask for extension if needed before contract expires. Per Diem may not be waived if request for extension is not received in a timely fashion.

Acceptance of Offer:

•1. All offers are submitted into a web-based system and will be negotiated verbally until full acceptance. Counter offers will be sent via email or will be printed from a web page or relayed by phone. There will not be formal or written counter offers.

•2. Once the buyer and seller agree to terms, the seller will issue a secondary contract addendum that restates the terms of the CAR contract and any changes made through counter offers. This addendum is a national contract and may have language different from local custom. The buyer must sign this addendum within 24 hours and cannot alter any terms of the contract. It is important that the buyer initial all pages so that the lender knows every item has been read and acknowledged.

•3. Once the buyer signs this contract addendum, the listing agent will mark this property "Pending" in MLS. Although the seller may not have signed the contract at this point, the buyer should move forward with the transaction as if the agreement were fully ratified.

•4. Please return your original contract, agency disclosure, counters and the contract addendum to the listing agent within 24 hours of full acceptance of contract. Personal delivery, courier or Fed Ex is preferred. Due to the degradation of faxing, the seller prefers original documents for review.

•5. The buyer should order all inspections once the addendum is signed and submitted back to the seller. The preliminary title report may be delayed several days until escrow is fully opened, but there are tasks the buyer can complete while waiting for seller signed paperwork from the asset company. Sellers like to see progress in escrow and the listing agent will expect contingencies to be removed in a timely fashion.

Answers to Frequently Asked Questions:

•1. The seller is very particular about how contract are submitted. The prequalification letter, deposit check, CAR forms and secondary addendums must be included and filled out completely.

•2. The secondary addendum will require the buyer's agent to submit a Federal Tax ID number for escrow. This may be obtained from your broker. The contract is incomplete without the Tax ID and will not be processed by the seller.

•3. The title orders are opened when the NOD (Notice of Default) is recorded and that policy number will follow the property through the REO transaction.

•4. Seller may not have keys or devices to open mail boxes, garage doors, HOA common areas, etc. It is the buyer's responsibility to obtain any replacements at their own expense, if any.

•5. Commissions are based on the net offer amount. The net offer amount is the purchase price less all seller paid credits.

•6. Buyer's agent will not be paid a commission if they are the principal in the transaction or related to the principal.

•7. Most lenders will not provide a home warranty for a REO property.

•8. Any further questions, please contact the listing agent.

Fed steps in and cuts again

Tue, 18 Mar 2008 23:04:48 -0500

Fed steps in and cuts again
Bernanke pulls out all the stops to ailing economy

The Federal Reserve significantly cut rates today for the sixth straight time since September. This follows a busy weekend where the Fed also extended its hand to Wall Street, bailing out Bear Stearns with JP Morgan Chase. While rate cuts look good at face value, you need to prepare for what's to come.

Why did they do this?
The Fed wants you to start spending money and wants to boost consumer and Wall Street confidence. Consumers are under stress with increasing consumer prices and a slowing housing market. Wall Street banks have been under stress from mortgage defaults and their impact on corporate balance sheets.

How does this impact you?
Fed rate cuts are inflationary. Since the Fed started cutting rates in September of last year, oil prices are up nearly 40%, gold prices are up over 25%. This is the direct result of a falling dollar which occurs from Fed rate cuts.

As a result, mortgage rates will ultimately rise from here. It is inevitable. Inflation is the arch enemy of fixed-income investments, long-term bonds and mortgage-backed securities, upon which mortgage rates are based.

Here's a look at the inflation picture: Gas prices last September, prior to the Fed's current cutting trend, were roughly $2.75 a gallon. Today, gasoline averages $3.25 a gallon nationally, up 18% before the first rate cut. This is a sign of inflation.

What should you do now?
If you are looking to refinance, don't wait. Act now to get a great interest rate. Home loan rates have come down over 1.00% in the last two weeks. But after each of the last five rate cuts, we have seen rates rise significantly in a short period of time. Don't get caught saying "I wish I had..."

If you are looking to purchase a home, I want to hear from you right away. Home prices have to fall over 10% to make back what you lose in monthly housing payments if rates increase 1.00%. There are some great buys out there today!

Next step
Pick up the phone and call me. You owe it to yourself.

Security Pacific's Appreciation Day

Thu, 06 Mar 2008 16:00:41 -0600

Appreciation Day

BBQ

Please RSVP by March 26, 2008

925.974.7624

In Appreciation Of Our Clients

Our Community

April 5, 2008

11:00 - 2:00

1555 Riviera Avenue, Suite E

Walnut Creek, California 94596

Free E-Waste Disposal

(No Hazardous Waste)

Free Appliance Disposal

Safe Document Shredding

Bring Old Eyeglasses & Cell Phones

Shelter Inc. Wish List Drive

Free Massages

Free BBQ

Door Prizes

E-Waste & Appliance Disposal

What we take FREE of Charge
Televisions

Monitors

Computers

Computer Components

Printers

Fax Machines

Telephone Equipment

Toner Cartridges

MP3 Players

Power Cables

Video Game Systems

Digital Cameras

Copiers

Audio Visual Equipment

VCRs/DVDs

Scrap Metal

Floppy Diskettes

Steel and Alloy Rims

Ferrous & Non-Ferrous Metals

Most items containing circuit boards and plug into a wall.

Washers & Dryers

Microwaves

Water Heaters

Refrigerators & Freezers

Air Conditioners

Trash Compactors

Ovens & Stoves

Small Engines

E-Waste & Appliance Disposal

What we take for a Small Charge
Tires • $10 each

Mattresses/Box Springs • $10 each

Propane Tanks • $10 each

What We Don't Take

Hazardous Materials/Waste
Paint

Car Batteries

Household Batteries

Fluorescent Bulbs

Furniture

Garbage

Motor Oil

If you're not sure Please Call

For Free Disposal of such items Contact

Contra Costa County Household Hazardous Waste Program

Please Call: (800) 750-4096

General Info: Must be a resident or qualified small business in specified portion of County to use these facilities (e.g. must be resident or qualified small business in West County to use West County Facility). Please call facility for details on transportation limits and

delivery requirements.

Three drop-off locations in Contra Costa County:

West County Facility 101 Pittsburg Ave., Richmond (888) 412-9277

Central County Facility 4797 Imhoff Place, Martinez (800) 646-1431

East County Facility 2550 Pittsburg-Antioch Highway, Antioch (925) 756-1990

Hours: Call for dates & hours

Shelter Inc. Wish List

New/Unopened Cleaning Supplies
PineSol • Lysol • 409 • Bleach • Laundry Soap • Sponges • Toilet

Paper • Brooms & Dustpans • String Mop Heads

Kitchen Needs

33 Gallon Trash Bags • Paper Plates • Bowls • Cups • Napkins • Paper Towels • Can Openers

Unopened Food Items

Coffee • Cereal • Milk • Sugar • Juice • Vegetable Oil • Margarine

Facility Needs
baby Wipes • Diapers Size 4, 5, 6 • Body Lotion • Shampoo • Deodorant • Disposable Razors • Combs & Brushes • Toothpaste • Toothbrushes • Shower Curtains • Mattress Pad (twin) • Plastic mattress Covers • Twin Bedding• Storage Bins • Lice

Shampoo • Tampons • Face Towels

Safe Document Shredding

Truck will be on location from

1:00 - 2:00

Eyeglasses & Cell Phones

To be donated to service groups

Stimulus Package: Lawmakers Raise Lending Limits

Thu, 06 Mar 2008 15:41:41 -0600

Stimulus Package: Lawmakers Raise Lending Limits:
Do you qualify for a better rate?

The Economic Stimulus Act of 2008 is a $168 billion plan intended to jumpstart the sliding U.S. economy. While a lot of media attention has been focused on the $600-$1,200 rebate checks that millions of taxpayers will begin receiving this spring, the new bill is also designed to help certain "high-cost regions" of the struggling housing market by:

Temporarily increasing the "conforming loan limit" from $417,000 to as high as $729,750 in specified areas; and
Temporarily increasing the size of loans the Federal Housing Administration (FHA) can insure from $362,000 to as high as $729,750 in specified areas.

If you're looking to purchase or refinance a home in a "high-cost region," this is great news. These temporary increases could help you avoid the higher interest rates associated with "non-conforming," or jumbo, loans. Although these new limits only apply until the end of 2008, the legislation does not exclude the refinancing of any past mortgages into these new "conforming loans." That means, if you qualify, you can take advantage of the new limits no matter how many years have passed since you obtained your mortgage.

While this is great news, I should remind you that qualification standards are tougher than ever. So your credit score and credit worthiness are more important than ever. Give us a call today. We can review your options and discuss if we can make this legislation work for you.

Do You Live in a High-Cost Region?
Not everyone will benefit from these temporary loan limit increases, but experts estimate that areas in at least 17 states will be able to take advantage of it. So how do you know if your neighborhood qualifies?

A high-cost region is typically determined by the median value of its homes. The median value is the specific price that is halfway between the least expensive and most expensive home sold in an area over a given period of time. Do not confuse this with the average home price. The median home price is the price at which half of all buyers bought more expensive homes and half of all buyers bought less expensive homes.

If that sounds confusing, don't worry. It is the responsibility of the Department of Housing and Urban Development (HUD) to determine, within the next 30 days, what the median home price is for regions across the country. But I don't want you to wait until HUD makes its determination; give me a call to discuss if you might benefit from this new legislation.

Are Things Gettin Better?

Wed, 27 Feb 2008 16:25:23 -0600

Are we really getting busier? We thought you might like to see the trend.... We have definately seen a difference in February! The graph attached taken from these statistics.

		Pending Sales Week By Week (as reported to the MLS)
	12/1-12/8	12/9-12/15	12/16-12/22	12/23-12/29	12/30-1/5	1/6-1/12	1/13-1/19	1/20-1/26	1/27-2/2	2/3-2/9	2/10-2/16	2/17-2/23
ALAMO	0	1	0	0	1	0	0	0	2	2	4	1
ANTIOCH	2	2	4	1	8	7	16	14	26	31	35	32
BAY POINT	0	1	0	0	1	0	2	2	4	3	1	2
BRENTWOOD	4	0	0	0	0	2	6	10	17	23	13	19
CLAYTON	2	0	0	0	1	0	0	1	3	0	3	2
CONCORD	3	2	2	2	5	3	8	11	16	18	24	30
DANVILLE	1	0	1	1	0	0	1	1	4	2	10	17
LAFAYETTE	0	0	0	0	0	1	0	2	3	4	5	5
MARTINEZ	3	1	2	1	1	1	1	5	6	7	5	6
MORAGA	0	0	0	0	0	1	0	0	2	4	5	5
ORINDA	0	0	0	0	0	0	1	1	4	3	1	5
PITTSBURG	1	1	2	0	0	5	4	8	18	14	18	8
PLEASANT HILL	0	0	0	0	1	2	0	2	6	1	4	7
WALNUT CREEK	3	0	1	0	1	4	5	6	13	4	6	14

TOTALS	19	8	12	5	19	26	44	63	124	116	134	153

Historic Fed Move Cuts Both Ways for Borrowers

Thu, 31 Jan 2008 11:55:02 -0600

Historic Fed Move Cuts Both Ways for Borrowers

Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the economic outlook and increasing downside risks to growth." In other words, economic data suggests the US is on the brink of recession, and the Fed is acting accordingly.

Who benefits from this cut?
If you have a loan that is directly tied to the Prime Rate, you will see an immediate benefit. Home equity lines of credit (HELOCs) and variable rate charge cards are the types of loans that will have an interest rate reduction on their next statement.

What does this mean for long-term rates?
Long-term mortgage rates, the lowest we've experienced in years, could actually increase after today's cut, based on historical performance and recent trends.

So if you're waiting for long-term rates to fall further, don't count on it. Your best chance to lock in the lowest rates since 2005 is now. Getting your application in process now will allow you to capture a great rate before it's too late.

What REALLY moves mortgage rates?
Fixed-rate mortgage rates aren't directly tied to Fed interest rate moves. Instead, they tend to follow in the direction of other long-term government bond yields, such as the 10-year Treasury, which historically moves in accordance with the economic outlook and in advance of Fed actions. The performance of Mortgage Backed Securities, issued by Fannie Mae and Freddie Mac, is what really determines long-term mortgage rates.

How does the economic stimulus package fit into the picture?
The economic stimulus package from Congress and the White House could be a double-edged sword for borrowers. Combined with recent Fed actions, the package could create inflation and bring about higher long-term interest rates.

On the positive side, conforming loan limits are likely to be raised from the current $417,000 to upwards of $625,000. This means great potential savings for purchase and refinance candidates who live in 20 high-cost areas across the country.

What should you do next?
If you're unsure how the rate-cut or the proposed legislation affects your mortgage, don't worry, you're not alone. There's no one-size-fits-all answer. Give us a call right away. We'll review your mortgage and see what, if anything, can or should be done to make the most of your individual financial goals and needs.

Just for fun - The Spoiled Under 30 Crowd - I guess I'm Getting Old

Wed, 30 Jan 2008 13:29:00 -0600

The Spoiled Under 30 Crowd

If you are 30 or older, you will think this is hilarious!!!! If not, send
it to your parents! They'll think it's funny!

When I was a kid, adults used to bore me to tears with their tedious
diatribes about how hard things were when they were growing up; what with
walking twenty-five miles to school every morning ... Uphill BOTH ways ..
Yadda, yadda, yadda

And I remember promising myself that when I grew up, there was no way in
heck I was going to lay a bunch of crap like that on kids about how hard I
had it and how easy they've got it!

But now that...

I'm over the ripe old age of thirty, I can't help but look around and notice
the youth of today. You've got it so easy! I mean, compared to my
childhood, you live in a dang Utopia! And I hate to say it but you kids
today you don't know how good you've got it!

1. When I was a kid, we didn't have the Internet. If we wanted to know
something, we had to go to the dang library and look it up ourselves... In
the card catalog!! (Do you even know what a card catalog is? Didn't think
so!)

2. There was no email!! We had to actually write somebody a letter... With
a pen! Then you had to walk all the way across the street and put it in the
mailbox and it would take like a week to get there!

3. There were no MP3's or Napsters! If you wanted to steal music, you had to
hitchhike to the dang record store and shoplift it yourself! Or you had to
wait around all day to tape it off the radio and the DJ would usually talk
over the beginning and mess it all up!

4. We didn't have fancy crap like Call Waiting! If you were on the phone and
somebody else called they got a busy signal, that's it!

5. And we didn't have fancy Caller ID Boxes either! When the phone rang, you
had no idea who it was! It could be your school, your mom, your boss, your
bookie, your drug dealer, a collections agent, you just didn't know!!! You
had to pick it up and take your chances, mister!

6. We didn't have any fancy Sony Playstation video games with
high-resolution 3-D graphics! We had the Atari 2600! With games like "Space
Invaders" and "asteroids" and the graphics were horrible! Your guy was a
little square! You actually had to use your imagination! And there were no
multiple levels or screens, it was just one screen forever! And you could
never win. The game just kept getting harder and harder and faster and
faster until you died! Just like LIFE!

7. When you went to the movie theater there no such thing as stadium
seating! All the seats were the same height! If a tall guy or some old broad
with a hat sat in front of you and you couldn't see, you were just screwed!

8. Sure, we had cable television, but back then that was only like 15
channels and there was no onscreen menu! You had to use a little book called
a TV Guide to find out what was on!

And there was no Cartoon Network either! You could only get cartoons on
Saturday Morning. Do you hear what I'm saying!?! We had to wait ALL WEEK
for cartoons!

9. And we didn't have microwaves, if we wanted to heat something up, we had
to use the stove or go build a fire .... Imagine that! If we wanted
popcorn, we had to use that stupid JiffyPop thing or a pan with HOT oil and
Real popcorn kernels and shake it all over the stove forever like an idiot.

10. When we were on the phone with our friends and our parents walked-in, we
were stuck to the wall with a cord, a 7 foot cord that ran to the phone -
not the phone base, the actual phone. We barely had enough length to sit on
the floor and still be able to twirl the phone cord in our fingers. If you
suddenly had to go to the bathroom - guess what we had to do..... Hang up
and talk to them later.

That's exactly what I'm talking about! You kids today have got it too easy.
You're spoiled!!

You guys wouldn't have lasted five minutes back in 1980!

But before you go running your mouth or making fun of us, just remember: We
are the ones that invented all of these things for you guys!!!

Regards,
The over 30 Crowd

THE FORECLOSURE EXPLOSION AND OTHER LEGAL CHALLENGES IN THE CURRENT MARKET

Wed, 30 Jan 2008 13:17:20 -0600

_______________________

THE FORECLOSURE EXPLOSION AND OTHER LEGAL CHALLENGES IN THE CURRENT MARKET
The following are ten issues which you should keep in mind as you navigate through the current
market:
1. Foreclosures

• There are two primary types of foreclosure, judicial and non-judicial

• Deficiency judgments are available only in judicial foreclosures

• Some holders of seconds are suing on the note when the first position is "wiped out"

• Refer clients to the proper experts to assess the best course of action

2. REO's

• What are REO's?

• REO's are bank owned and not subject to the Home Equity Sales Act

• REO's are bank inventory and often will be discounted substantially more than borrower

owned property

• REO's ordinarily do not require the same disclosures as a borrower owned property

3. Short Pay Transactions

• What is a short pay transaction?

• Short pay transactions impact less adversely on borrower's credit than foreclosure

• Certain procedures must be followed to obtain a short pay

• Disclosures must be made in a short sale transaction

4. Home Equity Sales Contracts and Loan Foreclosure Consultants

• Under what circumstances does one need to comply with these statutes?

• A person may have civil liability for failing to comply

• A person may have criminal liability for failing to comply

• Courts are divided where an NOD is recorded after the contract is signed by the parties?

5. Loan Fraud

• Types: Fraud for housing and fraud for profit (18 U.S.C. § 1014)

• Price inflation schemes: what are they and how to be avoided

• Implications: criminal, civil and license discipline

• Lender's consent is no excuse (U.S. v. Niro, U.S. v. Bush)

• Read CAR's "Mortgage Fraud - Avoiding Price Inflation Schemes" Q & A
THE FORECLOSURE EXPLOSION AND OTHER LEGAL CHALLENGES
IN THE CURRENT MARKET - CONTINUED
___________________________________________________________________________________
6. Seller Financing

• Defined: seller carrying back note secured by trust deed as part of sale

• Requirements: Seller Financing Addendum and Disclosure (SFA)

• Understanding the seller as "the bank", with foreclosure as only "remedy"

• The risks inherent in seller financing (e.g., foreclosure by senior trust deed)

• Putting an attorney's assets, not yours, at risk
7. Financial Market and Lending Trends

• The subprime crunch

• Creative financing (e.g., leases with options to purchase, seller trusts, etc.)

• Last minute review appraisals (often after contingencies removed)

• Post-close audits by lenders (even of performing loans)

• Pressure up and down the lender "food chain"
8. Property Value and Related Fiduciary Duty Issues

• This is likely to be the hottest area for claims

• Make sure buyers have opportunity to properly assess values which are in flux

• Be cautious with buyers over-extending themselves

• Defer to experts (appraisers, attorneys, mortgage brokers) but this does not insulate you
• Be particularly careful in dual agency situations
9. Seller's Disclosures and SPQ Issues

• Down Market makes sellers reluctant to disclose

• Use of SPQ more important than ever

• Do not rely on SPQ as sole information

• Push for inspections

• Make sure all forms, disclosures and disclaimers are provided and properly completed
10. Current Trends in Defects

• Water Intrusion

• Mold

• Geological

• All Minor Defects

• Roofs

Quotes to live by........Opportuities - Troubles - Knowledge

Wed, 30 Jan 2008 13:13:39 -0600

Quotes to live by.........

OPPORTUNITIES

Great opportunities to help others seldom come, but small ones surround us every day.

- Sally Koch

TROUBLES

Nothing is permanent in this wicked world - not even our troubles.

- Charlie Chaplin

KNOWLEDGE

Knowledge is of two kinds.

We know a subject ourselves,

or we know where we can find information on it.

- Samuel Johnson

The Rules of the Apple Tree & The Laws of Nature

Tue, 29 Jan 2008 00:47:29 -0600

The Rules of the Apple Tree & The Laws of Nature

Take a good look at an apple tree.

There might be five hundred apples on the tree, each with say, five seeds. That's a lot of seeds! We might ask, "Why would you need so many seeds to grow just a few more trees?"

Nature has something to teach us here. It's telling us: "Most seeds never grow. So if you really want to make something happen, you had better try more than once."

This might mean:

You'll attend twenty interviews to get one job.

You'll interview forty people to find one good employee.

You'll talk to fifty people to sell one house, car, vacuum cleaner, insurance policy.

You might meet a hundred acquaintances to find one special friend.

When we understand the "Law of the Seed", we don't get so disappointed.

We stop feeling like victims. Laws of nature are not things to take personally. We just need to understand them - and work with them.

IN A NUTSHELL Successful people fail more often.

They plant more seeds.

When Things Are Beyond Your Control, here's a recipe for permanent misery...

a) Decide how you think the world SHOULD be.

b) Make rules for how everyone SHOULD behave.

Then, when the world doesn't obey your rules, you get angry! That's what miserable people do!

Let's say you expect that:

Friends SHOULD return favors.

People SHOULD appreciate you.

Planes SHOULD arrive on time.

Everyone SHOULD be honest.

Your husband SHOULD remember your birthday.

These expectations may sound reasonable. But often, these things won't happen! So you end up frustrated and disappointed.

There's a better strategy. Have less demands.

Instead, have preferences!

For things that are beyond your control, tell yourself:

"I WOULD PREFER AN "A", BUT IF "B" HAPPENS, IT'S OK TOO!"

This is really a game that you play in your head. It is a shift in attitude, and it gives you more peace of mind...

You prefer that people are polite ... but when they are rude, it doesn't ruin your day.

You prefer sunshine ... but rain is OK!

To become happier, we either need to

a) change the world, or

b) change our thinking.

It is easier to change our thinking!

IN A NUTSHELL It's not what happens to you that determines your happiness.

It's how you think about what happens to you.

Home Sales In the Last 7 Years - Contra Costa County, Northern California

Tue, 29 Jan 2008 00:35:54 -0600

Home Sales In the Last 7 Years - Contra Costa County, Northern California

Homes Sold In The Last 7 Years
	2007	2006	2005	2004	2003	2002	2001	2000
Alamo	169	156	232	290	259	269	165	252
Antioch	645	1265	2136	2232	2171	2021	2167	2355
Bay Point	76	199	336	314	295	324	293	329
Brentwood	446	700	1007	985	830	762	630	720
Concord	887	1437	1968	2184	1894	1905	1823	1991
Danville	579	613	762	1016	1039	1105	780	1085
Lafayette	286	271	273	336	329	375	310	395
Martinez	359	422	633	792	730	731	650	818
Oakley	243	453	583	595	639	599	652	753
Orinda	182	186	239	301	289	248	202	315
Pittsburg	268	589	867	858	784	775	810	1005
Pleasant Hill	316	382	530	584	553	526	438	542
Richmond	634	1071	1489	1379	1179	1042	925	1212
San Ramon	829	876	1019	1150	1210	1062	721	979
Walnut Creek	723	863	1070	1247	1184	1202	1022	1249

Home Sales In the Last 7 Years - Contra Costa County, Northern California

The information contained herein has been provided by various sources. It is deemed reliable but not guaranteed or verified by Taryn Clancy Security Pacific Real Estate Services

Home Sales In the Last 7 Years - Contra Costa County, Northern California

Chain Mail of 2007

Tue, 29 Jan 2008 00:29:05 -0600

Dear All
>
> My thanks to all those who have sent me emails this past year........
>
> I must send my thanks to whoever sent me the one about rat shit in the glue on envelopes because I now have to use a wet towel with every envelope that needs sealing.
>
>
> Also, I now have to scrub the top of every can I open for the same reason.
>
> I no longer have any savings because I gave it to a sick girl (Penny Brown); who is about to die in the hospital for the 1,387,258th time.
>
>
> I no longer have any money at all, but that will change once I receive the $15,000 that Bill Gates/Microsoft and AOL are sending me for participating in their special e-mail program .....
>
> Or from the senior bank clerk in Nigeria who wants me to split $7 million with me for pretending to be a long lost relative of a customer who died intestate.
>
> ; ;
> I no longer worry about my soul because I have 363,214 angels looking out for me, and St. Theresa's novena has granted my every wish.
>
>
> I no longer use cancer-causing deodorants even though I smell like a water buffalo on a hot day.
>
> Thanks to you, I have learned that my prayers only get answered if I forward e-mail to seven of my friends and make a wish within five minutes.
>
> Because of your concern I no longer drink Coca-Cola because it can remove toilet stains.
>
>
> I no longer can buy gas without taking a man along to watch the car so a serial killer won't crawl in my back seat when I'm filling up.
>
>
> I no longer go to shopping malls because someone will drug me with a perfume sample and rob me.
>
>
> I no longer answer the phone because someone will ask me to dial a number for which I will get a phone bill with calls to Jamaica, Uganda, Singapore and Uzbekistan.
>
>
> Thanks to you, I can't use anyone's toilet but mine because a big brown African spider is lurking under the seat to cause me instant death when it bites my bum.
>
>
> And thanks to your great advice, I can't even pick up the $5 I found dropped in the parking lot because it probably was placed there by a sex molester waiting underneath my car to grab my leg.
>
>
> If you don't send this e-mail to at least 144,000 people in the next 70 minutes, a large dove with diarrhea will land on your head at 5:00 pm this afternoon and the fleas from 12 camels will infest your back, causing you to grow a hairy hump
>
>
> I know this will occur because it actually happened t o a friend of my next door neighbor's ex-mother-in-law's second husband's cousin's beautician.
>
>
> By the way....a South American scientist after a lengthy study has discovered that people with low IQ who have infrequent sexual activity always read their e-mails with their hand on the mouse.
>
>
> Don't bother taking it off now, it's too late.

Pet Insurance:

Tue, 29 Jan 2008 00:22:24 -0600

Do you think of your pets as members of your family? Considering their propensity for affection and devotion, it's rather hard to feel otherwise. So, it's safe to say that you want the best for your animals, with the hope of ensuring their well-being for as long as you possibly can. Did you know that health insurance might be the key to making that happen?

We're not talking about your personal health insurance. Rather, we're referring to the medical plans available to your pet. If you haven't heard of this concept, you'll definitely want to read on, as the options can vary. Also, there are several considerations to keep in mind when choosing the right policy for your pet.

What is Pet Insurance?
While the first health insurance policy for pets was written for a dog in Sweden in 1924, it's a much newer concept for the rest of the world. England, a world leader in writing pet insurance policies, began doing so in the late 1940s. At the present time, 18% of pets residing in the UK have medical coverage.

In terms of the United States, the first policy was written in 1982 for TV's Lassie. By the mid-90s, companies such as The Hartville Group, Inc. (partnered with the ASPCA) began writing policies for pets throughout the country. Currently, there are a host of companies offering several pet insurance options. According to American Demographics magazine, only 1% of this country's pets were covered by insurance plans in 2005. Today that number is at 5%.

The growing popularity of pet insurance is due in large part to the incredible advancements in veterinary medicine. Nowadays, pets can receive many of the same treatments that humans do. From Cat scans to chemotherapy, the only obstacle is the owner's ability to pay the bill. Simply put, diseases and conditions that were once fatal to pets can now be treated with success. The catch is that the costs can potentially exceed several thousands of dollars.

Most pet insurance policies work like regular ones in the sense that they have monthly premiums, deductibles, and co-payments. The costs vary depending on everything from your pet's breed and pre-existing conditions, to the level of coverage you desire. With most insurance companies, a healthy pet can be insured for anywhere from $5 to $30 a month.

Is Pet Insurance Right for You?
Considering that an insurance policy will cost between $2,000 and $6,000 over the life of the average pet, there are a few things to consider before deciding to enroll.

The first question you should ask yourself is, in the case of an unexpected accident or illness, how much money are you willing to spend in order to save your pet's life? Furthermore, can you actually afford to spend that amount of money? If the answer is that you'd spend whatever it cost no matter what, then obtaining pet insurance could be a very good idea. We've already talked about the rising costs of emergency pet care. What we haven't addressed is the fact that thousands of Americans go into debt every year because of an unexpected vet bill.

For some people, the idea of starting a "rainy day" savings account is much more palpable than paying an additional insurance premium. The upside to this option is that it allows you to control how much money you put away, as well as how often you do it. It also allows you to spend the money on any household emergency.

The downside to this option begins with the discipline it requires to sock away extra money on any sort of a regular basis. In addition, there is no guarantee that the money you have saved will even come close to the potential cost for treating your animal.

Finding the Right Insurance Plan
Obtaining the perfect pet health plan starts with finding the right insurance company. We suggest that you start by asking your current veterinarian for a few referrals. Double-checking the referrals with your state's insurance department is also a good idea. From there, it's all about shopping around and asking the right questions. Here are ten questions that are important to ask:

How long has the company been underwriting for pets, and how much in claims has been paid out during that time?
Does the company pay against your vet bill or a benefits schedule?
Does the plan have exclusions such as hereditary or pre-existing conditions?
Does the plan cover chronic conditions?
Does the plan cover wellness care like check-ups?
Does the plan cover dental care and drugs?
Are rates raised after claims are filed?
Are rates raised after the insured pet reaches a certain age?
What are the deductibles, co-payments, and financial limits of the plan?
How is reimbursement handled?

Controlling Your Costs for Pet Health Care
For the most part, much of what you spend for your pet's health care depends on your overall diligence as an owner. Here are a few tips for keeping your costs down:

Keep your dogs on a leash - Whether it's being hit by vehicles or being attacked by other dogs, many tragic events could be prevented by keeping your pet on a leash.
Consider getting a mutt or a cat - Statistically speaking, cats are far less costly than dogs. In terms of canines, mixed breeds tend to have fewer medical issues than purebred dogs.
Keep your pet in good shape - This begins with buying the proper food for your animal, so ask your vet for his or her recommendations as well as a proposed feeding schedule. Also, do your best to make sure your pet is getting an ample amount of exercise. Remember, all domesticated pets were at one time wild animals.
Shop around for medications - Start by asking your vet if he or she has any free samples. If your pet suffers from a chronic condition, it's advisable to seek out any one of the online purveyors of discount pet medications.

Regardless of whether you decide to purchase insurance or not, one thing is for sure. Your pet depends on you for his or her health and happiness. See to it that your animal has regular check-ups and, above all, listen to your vet. Doing so will reap benefits for you and your beloved pet.

10 Ways to Guarantee a Listing Will Expire

Wed, 21 Nov 2007 23:50:02 -0600

10 Ways to Guarantee a Listing Will Expire

1. Not serious about selling

2. Improper pricing

3. Not listening to agent

4. Micromanaging the marketing

5. Not staging the property

6. Letting pets run loose

7. Talking to buyers

8. Selling personal items

9. Odor(s) in the home

10. Avoiding feedback

The Top 10 Reasons It's a Great Time To Buy Real Estate

Wed, 21 Nov 2007 23:48:22 -0600

The Top 10 Reasons It's a Great Time To Buy Real Estate

1. Selection

2. No bidding wars

3. You can make an offer

4. Patience is tolerated

5. Due diligence is welcomed

6. Plenty of specs

7. Repair requests are welcomed

8. Few investors

9. Location, location, location

10. Real financing is available

Oil Prices Heat Up

Sat, 20 Oct 2007 22:32:44 -0500

Oil Prices Heat Up

Despite oil's recent rally into record highs, the U.S. Energy Information Administration (EIA) predicted that "increased supply and lower seasonal crude demand in the United States" will likely lead to "crude prices easing slightly over the winter" in its monthly Short-Term Energy Outlook report.

While the EIA's research seems to suggest lower prices for consumers at the pump, the report was far less positive for consumers of U.S. heating oil. Prices for this commodity are expected to increase sharply due to "colder winter" conditions predicted by the government. Americans who utilize natural gas to heat their homes should anticipate increases as well.

Opt for a Better Deal

Sat, 20 Oct 2007 22:31:24 -0500

Opt for a Better Deal

Cars these days have a dazzling array of extra bells and whistles that really add nothing but zeros to the car's price tag. Following are a few expensive extras that most drivers could probably do without.

Automatic Stick Shift: Beyond adding $1,000 or more to the price, this useless feature allows the driver to "shift" gears without a clutch. The car, however, has an automatic engine and will shift on its own either way. Purely for show, this feature quickly loses its appeal.

Individual Climate Control: This expensive feature claims to allow the driver and passenger to control the temperature of his or her own "zone". But how much more effective is this feature than individually controlling the vents and windows?

Keyless Ignition: With this $300 to $500 feature, a driver can start the engine with the push of a button. For this to work seamlessly, however, a key fob must be on the driver at all times. At least with a key, you can always call a locksmith if you lose it.

Power Folding Seats: Up to $700 or more! Enough said.

Navigation System: You can save $1000 or more by skipping the factory-installed system and purchasing a quality portable one that you can use in any car.

Loophole for Telemarketers

Sat, 20 Oct 2007 22:29:49 -0500

Loophole for Telemarketers

Thanks to the Federal Trade Commission's Do Not Call Registry, 150 million Americans have enjoyed far fewer unwanted sales calls over the last few years. It hasn't been perfect, but progress has clearly been made due to this important program.

But, just when you thought it was safe to eat dinner with your family, the telemarketers may be back in your life for good when your 5-year Do Not Call Registration expires in June 2008.

The good news is, you can always re-register for another five years, and continue to enjoy the peace and quiet. Simply call 1-888-382-1222 or visit http://www.donotcall.gov/ to register any or all of your home and cell phone numbers. Don't forget. Telemarketing companies are counting on millions of Americans to drop the ball. Don't be one of them.

Tuesday MLS Report 10/02/07

Thu, 04 Oct 2007 15:19:40 -0500

Tuesday MLS Report 10/02/07

There are 7957 currently active listings in Contra Costa County

There are 6502 currently active listings in Alameda County

98 in Alamo

158 in Alameda

1222 in Antioch

158 in Bay Point

611 in Brentwood

817 in Concord

229 in Danville

88 in Lafayette

265 in Martinez

379 in Oakley

58 in Orinda

581 in Pittsburg

180 in Pleasant Hill

877 in Richmond

389 in San Ramon

351 in Walnut Creek

There are 777 pending listings in Contra Costa County

There are 906 pending listings in Alameda County

10 in Alamo

43 in Alameda

70 in Antioch

5 in Bay Point

39 in Brentwood

87 in Concord

40 in Danville

19 in Lafayette

26 in Martinez

37 in Oakley

14 in Orinda

23 in Pittsburg

23 in Pleasant Hill

80 in Richmond

53 in San Ramon

51 in Walnut Creek

1129 sold in the last month (9/02/07-10/02/07)

23133 sold in the last year (10/02/06-10/02/07)

11078 sold in the last 6 months (04/02/07-10/02/07)

16527 sold this year (01/01/07-10/02/07)

29179 sold last year (01/01/06-12/31/06)

Alamo

2 pending in the last week

0 sold in the last week

12 sold in the last month

183 sold in the last year

111 sold in the last 6 months

145 sold this year

163 sold last year

Alameda

20 pending in the last week

0 sold in the last week

Articles of Interest 8.14.07

Mon, 27 Aug 2007 15:20:43 -0500

FUTURE

The best way to predict the future

is to invent it.

- Alan Kay

Articles of Interest 8.14.07

Tighter restrictions on mortgages and rising foreclosures are increasing the volatility of the Bay Area housing climate. The market is involuntarily pushing away homebuyers, making it nearly impossible for them to take advantage of the buyers market.

Market Watch

The consumer market is changing at a dizzying pace, with loan applicants

-- even those with strong credit records -- being placed under more scrutiny and given fewer choices than they were just weeks ago. Whereas lenders used to change guidelines a few times a year and would give mortgage brokers advance warning, they are issuing revisions almost daily now and dropping products overnight, industry officials say.

How the Mortgage Bar Keeps Moving Higher Wall Street Journal See attached pdf below

The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers. Stockton, Calif. now leads the nation in foreclosures. Of RealtyTrac's top 10 metro areas for foreclosures, four are in Central California. Coastal California cities are doing relatively well, although foreclosures are up there too. San Francisco had one foreclosure for every 263 households, a fairly low rate, but up

83 percent from the first six months of 2006.

California Cities Fill Top 10 Foreclosures List CNNMoney http://money.cnn.com/2007/08/14/real_estate/California_cities_lead_forec

losure/?postversion=2007081411

<http://money.cnn.com/2007/08/14/real_estate/California_cities_lead_fore

closure/?postversion=2007081411>

As more homeowners with risky subprime loans default or lose their houses this summer, Sacramento-area homebuilders and sellers are absorbing another hard punch -- and folks are reaping the benefits. The controversial high-cost subprime loans that fueled and lengthened a five-year housing boom -- and also drove up everyone's home values -- are helping now to prolong its hangover.

Strong Buyers Market

Sacramento Bee

http://www.sacbee.com/103/story/323612.html

<http://www.sacbee.com/103/story/323612.html>

Homebuyers who moved up in the recent past may find their new investment has moved down over the past year, while neighbors in cozy cottages have held on to their value better in the face of a nationwide decline.

Similarly, condo owners experienced a sharp decline in home values in Q2.

Big Home? Big Drop in the Current Housing Market, According to Zillow.com RISMedia http://www.rismedia.com/wp/2007-08-13/big-home-big-drop-in-the-current-h

ousing-market-according-to-zillowcom/

<http://www.rismedia.com/wp/2007-08-13/big-home-big-drop-in-the-current-

housing-market-according-to-zillowcom/>

A Herculean struggle in Palo Alto to save a historic church and an old laundry - neither of which has had a congregant or customer in decades - is falling into place after 20 years of debate among preservationists and the city. Developer Menlo Equities will spend hundreds of thousands of dollars restoring the two structures even as it builds a three-story, 43,000-square-foot project around both that will feature condominiums, retail stores and offices. Taking such measures - derided by some as extreme and by others as not going far enough - is what developers must do to build in cities: preserve the past while providing for the present.

Palo Alto Builders Learning to Preserve

San Jose Mercury News

http://www.mercurynews.com/ci_6618338

<http://www.mercurynews.com/ci_6618338>

Just three years after Santa Rosa voters agreed to tax themselves to bolster the Police and Fire departments, city officials are primed to impose a tax on 14,000 future homebuyers to do the same thing.

SR Poised to Tax New Homeowners for Services Press Democrat http://www1.pressdemocrat.com/article/20070813/NEWS/708130321/1033/NEWS0

<http://www1.pressdemocrat.com/article/20070813/NEWS/708130321/1033/NEWS

01>

The fight over a First Street waterfront development is heading into another round, showing no signs of going down for the count. Opponents of the 221 First Street housing-commercial project, among them former Mayor Jerry Hayes, hit a setback Thursday when planning commissioners unanimously rejected an appeal of a building permit.

Benicia Project Remains Divisive

Contra Costa Times

http://www.contracostatimes.com/solanocounty/ci_6601071

<http://www.contracostatimes.com/solanocounty/ci_6601071>

Articles of Interest 8.13.07

Mon, 13 Aug 2007 18:22:48 -0500

KNOWLEDGE

If you have knowledge,
let others light their candles at it.

- Margaret Fuller

Articles of Interest 8.13.07

The U.S. housing crisis is beginning to echo throughout worldwide markets, according to a recent Forbes article. Speculators agree a fallout could further depress U.S. housing prices and make it harder to find buyers for a glut of foreclosed homes. That, coupled with a drop in the value of investments, could leave U.S. consumers feeling poorer and less likely to spend on domestic and imported goods.

Market Watch

From New York to Frankfurt to Tokyo, markets were jolted in the past week by fears that Americans are failing to keep up with their mortgage payments and the ripple effects that could have on the global banking and financial system.

U.S. Homeowner Woes Felt Around World

Forbes

http://www.forbes.com/feeds/ap/2007/08/13/ap4012069.html

While interest rates have remained relatively low, lenders, stung by a growing number of defaults, have greatly tightened the requirements for a loan; the supply of homes has increased to levels unseen in years; and speculators have moved on to greener pastures, realizing that there's no money to be made in a market where prices seem to have no bottom.

Storm Clouds for Builders

San Francisco Chronicle

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/08/12/RET6R9MD4.DTL

Almost unknown for the past two decades, short sales are making a comeback as a way out for cash-strapped homeowners who can't keep up on their mortgage payments.

Short Sales, Long Waits for Buyers

San Francisco Chronicle

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/08/12/SHORTSALE.TMP

The Chicago Mercantile Exchange last week announced that housing futures and options contracts based on the S&P/Case-Shiller U.S. National Home Price and Composite Indices would be extended out to five years.

Long-Duration Housing Price Derivations Debut

Inman Real Estate News

http://www.inman.com/hstory.aspx?ID=64192

Once considered a safe alternative to the overheated Bay Area real estate market, Stockton and its streets are now filled with "For Sale" signs and evidence of foreclosures. While hundreds of thousands of people nationwide are being affected by troubles in the lending market, Stockton has the highest foreclosure rate of any city in the country.

From Housing Haven to Foreclosure Leader

New York Times

http://www.nytimes.com/2007/08/13/us/13stockton.html?ref=business

In California, the long-term commonweal seems to be winning out as authorities race to avert an infrastructure breakdown that might be more calamitous than hurricane-ruined New Orleans: overflowing rivers that could, at virtually any moment, imperil as many as 500,000 people, the nation's richest cropland, and the water source of the majority of the state.

California's Flood-Control Problems

BusinessWeek

http://www.msnbc.msn.com/id/20247652/

Silicon Valley real estate mogul Carl Berg said Sunday that the $1.8 billion deal to sell his portfolio of buildings has fallen apart, a victim of the credit crisis rocking the financial world.

Silicon Valley Property Buyout Collapses

San Jose Mercury News

http://www.mercurynews.com/ci_6610386?nclick_check=1

The East Bay Municipal Utility District is considering booting out owners of about 200 homes in three mobile home parks around Camanche Lake in a clash over private homes on public land.

Retirement Dreams on Hold: Lake Residents Await Word on Eviction

Contra Costa Times

http://www.contracostatimes.com/ci_6606596?source=most_viewed

Pleasanton-based Charter Properties is asking Dublin to consider a plan for a mixed-use development called Grafton Plaza, which would include four towers - 21, 20, 19 and 16 stories tall. The project would have the tallest buildings in suburban East Bay, and would dwarf everything for miles around. Outside of Oakland's 28-story Ordway Building and the 30-story Pacific Park Plaza in Emeryville - there are no taller East Bay buildings.

Developer Presents Plan to Build high-Rises in Dublin

The Argus

http://www.insidebayarea.com/argus/localnews/ci_6600321

New San Jose Councilman Kansen Chu will be tested Tuesday night when he decides whether to support a 1,900-unit apartment complex in his district or back a neighborhood group's call to suspend new housing developments in the area.

Chu Faces Vote on North San Jose Housing

San Jose mercury News

http://www.mercurynews.com/politics/ci_6610513

Several neighbors in the Briarwood residential subdivision off East Cypress Road and Rubens Way said that the nearby Courtyards at Cypress Grove affordable-housing complex has led to more vandalism, theft and fear in the area. The 96-unit affordable-housing project was built in 2006 and is home to low- and very-low-income residents.

Residents Complain About Complex

San Jose Mercury News

http://www.mercurynews.com/crime/ci_6606567

Unlike in other parts of the country, basements are relatively rare in the Bay Area. But some older houses do have them. And they are growing in popularity in high-end new construction homes.

The Lure of a Basement Can Help Hook Home Buyer

San Jose Mercury News

http://www.mercurynews.com/realestatenews/ci_6584594

Check this out - Don't Sign 1249

Fri, 10 Aug 2007 13:57:31 -0500

><!><!><! PLEASE NOTE: ><! You are reading this because your email program cannot display HTML. ><! If you would prefer to receive plain text messages from now on, ><! click the link below, or copy it into a web browser, ><! and edit your email preference. ><!><!><! You can view this HTML message on the web if you ><! click the link below or copy it into a web browser. ><!><!><!>

Dear Pam,

Stop the next
anti-choice ballot initiative:

DON'T SIGN 1249!

Initiative 1249 reads as follows:

Mandatory Reporting of Pregnancies and Sexually Transmitted Infections in Minors as Abuse. Constitutional and Statutory Amendment.

Requires that pregnancy of, diagnosis of sexually transmitted infection in, or miscarriage or abortion by, minor under 16 be defined and reported as evidence of criminal child abuse. Requires mandated reporters to state whether they believe sexual abuse occurred and to preserve physical evidence. Prevents courts from changing reporting requirements. Prohibits state payment for medical services unless reporting requirements are met. Criminalizes attempts to prevent reporting. Requires warning sign be posted in specified medical offices.

Read the full text of
initiative 1249 here.

Can you believe this? The same anti-choice zealots who funded Props. 73 and 85 are at it again, backing a different initiative with the same effect: putting our teens in real danger. Petitions for this dangerous ballot initiative are circulating statewide. Tell your friends and family: DON'T SIGN 1249!

The so-called Sexual Abuse Reporting Act initiative would mandate that any teacher, counselor or doctor to whom a teen confides in about a pregnancy, miscarriage, sexually transmitted infection or abortion must report the teen to Child Protective Services and the police. This initiative would punish teens who seek help — effectively blocking their access to reproductive healthcare.

California already has strong laws that mandate the reporting of abuse. We need to ensure that teens can access confidential health services without fear or intimidation.

If you see canvassers gathering signatures for initiative 1249, DO NOT SIGN IT! Please contact me at LHahn@ProChoiceAmerica.org with the date and location of the canvasser to help us track the progression of this initiative.

Please forward this message to your friends and family and remind them: DON'T SIGN 1249!

Sincerely,

Laura Hahn
Community Affairs Organizer
NARAL Pro-Choice California

Visit the web address below to tell your friends about initiative 1249, the so-called Sexual Abuse Reporting Act.
Tell-a-friend!

If you received this message from a friend, you can sign up for NARAL Pro-Choice America's Choice Action Network.

If you would like to unsubscribe from NARAL Pro-Choice America's Choice Action Network or update your account settings, please click here.

Articles of Interest

Fri, 10 Aug 2007 13:53:07 -0500

FRIENDSHIP

The meeting of two personalities

is like the contact of two chemical substances:

if there is any reaction,

both are transformed.

- Carl Jung

Articles of Interest 8.8.07

Multiple industry reports released today conclude the housing market will take it's sweet time to bottom out; forecasts from the National Association of Realtors and UCLA's Anderson Report confirm housing woes will continue for the Bay Area through 2008. On the other hand, there is hope in some sectors. Demand for home loans surged this week due to low interest rates, and California construction companies are making up for lost income with non-residential and non-building projects.

Market Watch

With more real estate professionals turning their attention to online advertising, ListingDomains.com, developer of the single listing Web site, announced a company record of over 1 million Web site visits in June and July 2007. The Web sites come with a unique domain rider sign that funnels busy Internet surfers directly to the property they are interested in. The sites are also syndicated to Google Base, Trulia and other top property portals.

With Over 1 Million Visits in Two Months, ListingDomains' Individual Property Sites are Here to Stay RISMedia

http://www.rismedia.com/wp/2007-08-07/with-over-1-million-visits-in-two-

months-listingdomains-individual-property-sites-are-here-to-stay/

<http://www.rismedia.com/wp/2007-08-07/with-over-1-million-visits-in-two

-months-listingdomains-individual-property-sites-are-here-to-stay/>

The National Association of Realtors expects new single-family home sales to fall 18.9 percent and single-family housing starts to plummet

23 percent this year from 2006 levels, according to the group's latest forecast. The median price of new homes is expected to fall 2.3 percent this year, with the median existing-home price falling 1.2 percent compared to 2006, the group also reported.

NAR Forecasts Big Slide in New Home Sales, Starts Inman Real Estate News

http://www.inman.com/InmanNews.aspx?ID=64149

<http://www.inman.com/InmanNews.aspx?ID=64149>

Mortgage applications rose for the first time in three weeks as interest rates fell sharply and demand surged for home purchase and refinance loans, an industry group said Wednesday.

Home Loan Demand Surges as Interest Rates Drop USA Today http://www.usatoday.com/money/economy/housing/2007-08-08-mortgage-apps_N

.htm

<http://www.usatoday.com/money/economy/housing/2007-08-08-mortgage-apps_

N.htm>

The reason behind the construction downturn is the bursting of the housing bubble, which caused sharp declines in the state's residential construction market during both 2006 and 2007. By contrast, both nonresidential construction (commercial, industrial, and institutional project types) and nonbuilding construction (public works and utilities) continue to climb in 2007 following gains in 2006. This resilience and the reasons behind it are what make California a unique and compelling construction market.

California Construction Down But Not Out CNNMoney

http://money.cnn.com/news/newsfeeds/articles/prnewswire/NYW01908082007-1

.htm

<http://money.cnn.com/news/newsfeeds/articles/prnewswire/NYW01908082007-

1.htm>

The East Bay's housing ailments are nowhere near over and are likely to afflict the region's economy for about another year and a half. That assessment came Tuesday from a quarterly outlook about the East Bay economy produced by the UCLA Anderson Forecast. The current sluggishness in the region's job market will persist through the end of 2008, it said.

East Bay Downturn to Persist, Study Says San Jose Mercury News

http://www.mercurynews.com/realestatenews/ci_6571813

<http://www.mercurynews.com/realestatenews/ci_6571813>

No one keeps a comprehensive public record of construction defects or the building industry's response to them, making it difficult for the average home buyer to research a builder's track record of quality and customer service. Arbitration clauses in many housing contracts prevent unhappy home buyers from suing in open court, further shielding builders from public scrutiny. Although consumer research groups regularly publish reports on cars, airlines, stock brokerages and toothpaste, only one -- J.D. Power and Associates -- studies builders.

Defects Dull Dream Home's Luster

San Jose Mercury News

http://www.mercurynews.com/realestatenews/ci_6571806

<http://www.mercurynews.com/realestatenews/ci_6571806>

Attorneys for the Sierra Club and East Bay Regional Parks said they are making good progress coming to a compromise with the city over the proposed 800-unit Faria Preserve housing project, but that more time is needed to iron out the details. The negotiations are aimed at defusing a lawsuit that contends the development will have negative effects not addressed in an environmental report certified last year.

District Looks for Deal on Project

Tri-Valley Herald

http://origin.insidebayarea.com/trivalleyherald/localnews/ci_6571368

<http://origin.insidebayarea.com/trivalleyherald/localnews/ci_6571368>

The AG filed a lawsuit earlier this year against San Bernardino County and charges that its General Plan violates the California Environmental Quality Act (CEQA). The problem is that the regulations for AB 32 have not yet been written and aren't scheduled to be completed until 2012.

That means Brown is asking San Bernardino County, and potentially any other county or developer in the state, to comply with a set of standards that has yet to be written and put in place.

Opinion: AG's Stance Unfairly Limits Development Sacramento Bee http://www.sacbee.com/110/story/313593.html

<http://www.sacbee.com/110/story/313593.html>

Unresolved questions kept Tuolumne County supervisors from deciding Tuesday whether to launch into inclusionary housing, a tool aimed at boosting affordable housing.

Tuolumne County Waits on Inclusionary Housing Modesto Bee http://www.modbee.com/local/story/37035.html

<http://www.modbee.com/local/story/37035.html>