The Beverly Hills Real Estate blog for Friday 8-31-12
Welcome to the written blog and check out our video blog which is posted around noon time here or on Facebook http://youtu.be/Uo0TQhn7we4
Friday - 86. Dodgers lose last night and SF wins. LA trails by 4.5. Angels win.
Today's real estate news
- California job growth picks up
- When an adustable-rate mortgage makes sense
- Mortgage settlement with banks starts to ease foreclosure crisis
C.A.R. Labor Day holiday office closure
The C.A.R. offices in Sacramento and Los Angeles will be closed Monday, Sept. 3. The C.A.R. Legal Hotline and the Customer Contact Center also will be closed.
Preview drafts of new, revised forms
The Standard Forms Advisory Committee invites you to preview drafts of the new and revised forms scheduled for release in November 2012.
Governor signs AB 1718, degree brokers bill
Bill clarifies educational degree experience requirement for brokers license.
July pending and distressed home sales report
A continued shortage of available homes on the market impeded California pending home sales in July.
Fannie, FHFA moving forward with bulk sales program
Fannie Mae and the Federal Housing Finance Administration are moving ahead with REO bulk sales pilot initiative in a highly secretive manner.
FHFA announces new Fannie, Freddie short sale guidelines
Changes align Fannie Mae and Freddie Mac short sale guidelines and allow lenders and servicers to more easily qualify borrowers for a short sale.
July home sales and price report
California home sales and prices higher in July; median price reaches near-four-year high.
Second quarter 2012 housing affordability
Higher home prices reduce California housing affordability in second quarter 2012.
C.A.R. supports FHFH Act
California REALTORS urge passage of The Fast Help For Homeowners (FHFH) Act.
Gov. Brown signs Homeowners Bill of Rights
The California Legislature this week passed a Conference Report that was a key element of the Attorney Generals package of bills making up a so-called Homeowners Bill of Rights.
Enjoy your day. CU tomorrow. Count your blessings!
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