From the category archives:

Taxes

Top 5 Benefits of Buying a Bank-Owned Home

March 5, 2009

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as [...]

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The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion

February 26, 2009

In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20 MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and [...]

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Gov. Schwarzenegger’s Foreclosure Moratorium Explained

February 25, 2009

Gov. Arnold Schwarzenegger signed a 90-day moratorium on California home foreclosures (legislation SB2X-7 and AB2X-7) amid criticism that the law likely won’t put a dent in the skyrocketing pace of repossessions.
Here’s what you need to know:

The bill, as part of the state’s recent budget deal, safeguards owner-occupied residences that had first loans on the [...]

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This Week’s Top Properties: 3 Great Value Southern California Foreclosures

February 24, 2009

44 Tavella Place, Foothill Ranch, Calif. 92610
VIP SPECIAL, CALL FOR PRICING INFO

CLICK HERE FOR MORE PHOTOS
Square Feet: 2,115
Lot Size: 3,794 sq. ft.
Rooms: 4 bedrooms, 2.5 baths
Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, two-and-a-half-bath boasts all-new ceramic tile, carpet, [...]

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Obama Signs Economic Stimulus, Will Soon Reveal Homeowner Help Plan

February 18, 2009

Today’s breaking housing news is centered on two historic events:

The Economic Stimulus Package – President Obama signed the $787-billion economic stimulus package in Denver, Colorado, just moments ago, in an attempt to revive the hard-hit economy and slow the tide of foreclosures.
President Obama’s Housing Rescue Plan – Tomorrow the President will unveil his much-anticipated [...]

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Exclusive Insider Foreclosure List Now Update–February 1, 2009

February 1, 2009

Hi Everyone,
I just updated the list. I am getting one new property per day–so make sure you check back often.
So, if you already have your password, go to the Exclusive Insider Foreclosure List now.
http://markshandrow.com/reo/
If not, sign up here:
http://markshandrow.com/foreclosures/
I will be sending out updates and photos of some the new homes later this week. These properties [...]

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Obama’s Stimulus Package: What About Homeowners?

January 29, 2009

President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit.
As the law stands now, homebuyers have to pay the first-time buyer credit back over [...]

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New Foreclosure Law California SB 1137: Relief … Or Not?

January 26, 2009

New foreclosure law California SB 1137—Was it a case of too little, too late?
The thousands of Los Angeles and Orange County homeowners still on the brink of defaulting on their loans likely think so. California’s record-breaking, seemingly endless spike in foreclosures has left many frustrated with SB 1137, a supposed piece of “foreclosure relief” aimed [...]

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The Endgame Nears for Fannie and Freddie

August 29, 2008

This was a great article from Barrons about Fannie and Freddie.

Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]

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The Housing and Economic Recovery Act of 2008 is Signed into Law!

July 30, 2008

Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Deal”, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan [...]

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