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Archive for November, 2008

Did you know?

Posted in Worth Reading, tagged , , , , , , , , on November 24, 2008 | Leave a Comment »

You can get updates from my blog by email!  Stay on top of today’s real estate news and the local community’s events, just click on the link to the right and follow the instructions to add your email address to the list.
Note: Your email address will be entered into Feedburner, where your contact information is kept [...]

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Great House of the Week

Posted in Pasadena, housing deals, tagged , , , , , , , , , , , , on November 20, 2008 | Leave a Comment »

200 Fern Drive is an amazing estate — not your typical grand Pasadena home and not for everyone, but an architectural masterpiece.
The home is in the Los Altos section of San Rafael just north of the 134 freeway on Pasadena’s western edge.  The Italianate villa was designed by legendary architect Paul Williams in 1928.  Interestingly, [...]

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U.S. Treasury Department Mortgage Bailout Plan Changes Direction

Posted in Mortgage Rates, tagged , , , , , , , , , , , , , , , , , , , on November 17, 2008 | Leave a Comment »

This is helpful information from Cherry Creek Mortgage on Treasury Secretary Paulson’s decision not to use the $700 billion in our national checking account to buy up bad loans.  I think it is actually a good thing Paulson is secure and smart enough to admit that his original idea was not the best and that [...]

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Federal Housing Finance Agency “FHFA” Announces Conforming Loan Limits for 2009

Posted in Mortgage Rates, Pasadena, community, tagged , , , , , , , , , , , , , , on November 13, 2008 | 2 Comments »

In 2008 Congress passed legislation that increased the “conforming” (i.e., not jumbo) loan limit from $417,000 to $729,000 for high-cost areas including L.A. County.  This actually resulted in a three-tier system this year: true conforming loans up to $417,000 (which have the lowest rates of interest); “jumbo conforming” loans from $417,000 to $729,500 (which have [...]

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“How I bought a foreclosure”

Posted in foreclosures, tagged , , , , , , , , , , , , , on November 10, 2008 | 1 Comment »

Many of my clients have been reading about the great deals to be had in foreclosure properties.  This article from LA Times reporter Peter Y. Hong, is very instructive as to how the process really works for an individual home buyer or investor.  While Mr. Hong’s articles usually drive me crazy with their realtor-bashing and [...]

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This Weekend in Pasadena Real Estate

Posted in Housing Market, Pasadena, community, housing deals, tagged , , , , on November 7, 2008 | 1 Comment »

Great Home of the Week
They are not always the gigantic, expensive homes.  This week’s great house is a three bedroom, two bathroom home at 1070 Bella Vista Avenue in Pasadena.  The house looks to be in great shape, cute neighborhood, great garden — the whole package.  1429 square feet on a 7024 lot for $609,000.  [...]

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Resource for Foreclosure Information

Posted in foreclosures, tagged , , , , , , , , , , , , , , , , , , , , , on November 4, 2008 | Leave a Comment »

With support from the California Bar Foundation and assistance from the State Bar, the Public Interest Clearinghouse has created a web site to provide information about the mortgage foreclosure crisis, as well as opportunities for attorneys to volunteer their help.
The site, www.ForeclosureInfoCA.org, lists agencies and organizations that provide mortgage foreclosure assistance to consumers.  It also [...]

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