Lenders worry about prime jumbo loans

According to the Los Angeles Times article entitled “Jumbo mortgage holders pose highest risk of strategic default,” more than 12 million mortgages are estimated to be underwater, and 30% of defaults on loans are strategic. New research suggests that those with a large mortgage, a good credit score and low equity who see little chance more »

The REO Home Show

BLB Resources, a real estate agency specializing in REO and HUD homes, is airing their first radio show called The REO Home Show on www.blbradio.com. The hour long live show hosted by Ray Warda, 1S & 2S Outreach Manager, will occur every Tuesday at 10:00 am PST. The first show will be both informative and more »

Bike Friendliness in Bixby Knolls

Long Beach is one of the most bike-friendly cities in the country. Bixby Knolls, a large community within the city, is an area where fanaticism for the bicycle is evident. It’s communities like Bixby Knolls, wholeheartedly supporting and encouraging bike riding, that help to make Long Beach such a beacon for bike-friendliness. Below is a more »

Top Ten Things About Living in Long Beach – Vintage Shopping

With a whole block on 4th Street entitled Retro Row dedicated to vintage clothes, décor, furniture, books and more, along with the largest antique market in the Southland, it’s clear that Long Beach takes vintage shopping seriously. From tiki mugs to Danish modern furniture to archaic beer cans to ceramic wiener dogs to beaded cocktail more »

Top Ten Things About Living in Long Beach: Best Restaurants

With many toothsome dining options, Long Beach is the ideal place for hearty sustenance. From pistachio laden pizza to oatmeal brulee served in a fresh coconut, below is a list of some of our most cherished restaurants with recommendations on the best dishes to try. Be sure to share your favorite restaurant and dish in more »

Long Beach real estate agent among six people charged in federal indictment for alleged real estate scheme

Successful local real estate agent Jason Ray Patterson is among six people named in a federal grand jury indictment that charges the group scammed banks and lending companies by falsely inflating the prices of copious beachfront condominiums. Patterson plead not guilty and is awaiting trial. A link to the Press Telegram article is below. http://www.presstelegram.com/rss/ci_19159183?source=rss#.TqEGTWo6ip4.facebook more »

Short Sale Agent Update: Changes to HAFA Program

On Aug. 9, the U.S. Department of the Treasury released Supplemental Directive 11-08: Home Affordable Foreclosure Alternatives Program (HAFA) – Policy Update, which contains adjustments to the program. Bank of America implemented these changes effective Oct. 15. The following is excerpted from an email newsletter from Bank of America. The policy enhancements impact agents and more »

Snoop Dogg Update

Corde and Cordell Broadus, sons of famous rap star Calvin Broadus, aka Snoop Dogg, have left Poly High School in Long Beach, where Broadus attended school, and have transferred to Diamond Bar High, where they are hoping to have an immediate impact on the Brahmas football program. This shouldn’t be a problem for Corde, who more »

2012 Housing Market Forecast Looks Grim

A recent article posted by Tim Harris, founder of Harris Real Estate University, warns agents that the 2012 forecast for housing market drops look even more bleak than predicted. The anticipated double dip has been hypothesized to be more like a triple dip. This information is supported by a CNBC video, which warns of an more »