ARCHIVED BLOG POSTS

2009 

In putting an estimated $2 billion worth of real estate up for sale during a horrific recession, state officials say the properties' trophy value will outweigh the severity of the real estate slump. Although commercial property values have fallen as much as 35 percent in the past couple of years,...
09/30/2009
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"DONT LET YOUR LENDER TAKE YOUR MONEY! MODIFY YOUR HOME LOAN TODAY!" That was the slogan -- in large capital letters and sans the necessary apostrophe in the first word -- that loomed on a billboard over Century City, a tony neighborhood near my home in Los Angeles. The billboard showed a masked ...
09/29/2009
     photo by Nat W. Long-term rates are again approaching four-month lows, with 10-year T-notes just above the magic 3.28 percent level; break that and low-fee mortgages will cross just under 5 percent. If that blessed moment should arrive, do not wait for lower or expect sub-5 percent to last ...
09/25/2009
I still have a land line. It wasn't all that long ago that I had two phone lines at home: one for personal use and the other was a business line that went into my office, with an extension to my workroom in the basement. These days my cell phone serves as my business line and my personal line, to...
09/24/2009
Sacramento's big developers have lost plenty of possessions since the real estate market collapse: private jets, vacation homes, expensive cars and multi-million-dollar tax refunds. But mostly they've lost land. Lots and lots of it. Their loss is Ray Sahadeo's gain. The 27-year-old has spent much...
09/23/2009
Time's a ticking on the $8,000 first-time homebuyer tax credit. Don't wait -- this opportunity will pass you by if you don't close on your new property before Dec. 1, 2009. Part 1 of this series discussed the advantages of buying now rather than waiting. One of the best reasons for buying now is ...
09/22/2009
In California, the state Legislature just sent two bills to Gov. Arnold Schwarzenegger that would ban upfront fees for loan modifications. Those are AB 764, by Assemblyman Pedro Nava, D-Santa Barbara, and SB 94, by Sen. Ron Calderon, D-Montebello. Though the bills vary in approach, both would pre...
09/19/2009
Q: I've made offer after offer on bank-owned properties. The last time I was outbid, I was really disappointed because I loved the house! I was really hoping it would fall out of escrow, so I kept an eye on the listing, thinking there was a small chance it would come back on the market. Instead,...
09/18/2009
The Federal Trade Commission is reportedly considering banning foreclosure rescue and loan modification companies from collecting fees in advance, and new restrictions on how those companies can advertise their services as part of a crackdown on fraud. The Obama administration said today it's ac...
09/17/2009
    Flickr photo by DavidHBolton. If they were looking for someone to handle the biggest financial transaction of their lives, you'd think that most people would ask for something more substantial than a thumbs-up from the guy down the block. Not that neighbors aren't to be trusted -- friend-to-f...
09/16/2009
Rainer
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