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Finally MRMLS, MLS and other have done great job , and provide self directed CMA values showing in a map, trends, for a home for the end consumers, buyers, sellers .
This CMA Value map has included also all MLS comps , Active, and more , and is more accurate than Zillow's values ... which has been very popular but quite inacurate .. .
Please see me at : http://www.JohnVostenak.com Agency: Century 21 Ludecke Realty 20 E. Foothill Blvd. #105 , Arcadia, CA 91006 Name: John Vostenak Phone: 1-626-445-0123 ex 244 web: www.johnvostenak.com view all USA Properties
If you have not have a really good coffee recently locally, ... please try my favorite Coffee Bean store #71, located at 102 S. Myrtle Av. at Foothill.
Eric the manager, Erin, Patricia, Jeff and the rest of the well train staff, keeps consistently a great service & quality of the best coffee around ... for all CB dependent ... :-)
Solar Energy is still out of reach for most homeowners , and Solar panels are high priced, inefficient , and short on any anesthetics .. !
Here is a solution ... Edison & US Government subsidies will speed up photovoltaic revolution in United States and California .. Edison needs to buy back any extra Clean Solar Electricity from homeowner's solar panels, since Edison can not produce all green energy as we all need ... you just need to look in EU , France, Germany how it is all done well and GREEN .... :-)
more on this at the link to the inspiring article at :
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable, ... what is the correct answer ....?
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home's value or the taxpayer's financial condition
please see a link to IRS website for more info, and please see me for information about real estate in Los Angeles Greater area and many it's cities :
3.6 million mortgages in the US that are 90 days+ delinquent or in foreclosure
This is very unsettling information from the MBAA that out of 3.6 million mortgages in the US that are 90 days + delinquent or in foreclosure, more than half of the delinquent and foreclosing loans in the United States are now Prime loans-not Subprime lending.
This helps one to understand just how difficult it is to assess credit quality today even when looking at the best borrowers. Presumedly, the reason is the incredibly high unemployment rates not just of blue collar, but even professionals who constitute the Prime mortgage lending marketplace who are receiving loans based upon strong credit, income and assets.
That is the fastest growing class of mortgage defaults. These graphs answer the question that so many are asking with regard to why it is so difficult and takes so long to approve a mortgage application these days.
New Home sales raised 11 % in June, the best news for a long time ... !
New Home sales raised 11 % in June as per Commerce department, this is a strongest increase since last November 2008. Stabilization of housing market is eminent, and of course even price increases , the best news since the slump in housing market in year 2005 .
here it is the Summary for ......... Mortgage Disclosure Improvement Act
Effective with all new loan apps taken JULY 30, 2009
AND ... more hoops to jumps throug foa all of us ...
5 key impacts:
1. Starting with new applications on July 30, 2009, upfront fees cannot be collected, including the appraisal fee, until initial disclosures have been provided to the borrower.
2. Early disclosures must still be provided no later than three days after receipt of a written application.
3. The earliest any home financing transaction can close is seven business days after the borrower is issued his or her initial mortgage disclosures from the lender.
4. An increase in APR by more than .125% requires re-disclosure of the TIL at least three business days before closing. If mailed, the TIL is considered "received" three business days after mailing.
5. A more typical contract date may be 30-45 days, and it's wise to plan on a minimum of 30 days to close.
Home prices are holding steady, and in some cases going over market value, one example, craftsman house in California, North Monrovia of Greystone and Ivy , listed at $698,000 and sold at $925,000 ... with multiple offers .. ! That is one huge gain for anybody now a days ... for ANY area and city ... !
Otherwise mostly REO's and Shortsales go over market value with multiple offers, charming the multiple oferees with unrealistic and below market listing price ... in a promise of quick gain .. :-)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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