Shandrow Group

California Hieghts Spanish Style Home

Mark Shandrow — Wed, 16 May 2012 20:54:31 +0000

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

This is a lovingly restored but modernized Spanish style home located in the historic district of California Heights. This home features hardwood floors, open floor plan, and luscious tropical backyard. The kitchen has been upgraded with all the modern materials include granite counter tops, stainless appliances and glass tile.

http://www.californiaheightsspanish.com

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

Are You Writing Lots of Spaghetti Offers?

Mark Shandrow — Mon, 14 May 2012 16:07:11 +0000

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

Do you sometimes feels that you are making tons of offers on houses with no success? Are your offers constantly getting countered, rejected or just overbid? Are you getting tired of driving around on weekends looking for the right house just to get you offer rejected?

We call this ‘spaghetti’ offers. Sometimes you have to throw a bunch of spaghetti on against the wall to see what sticks. In today’s market, with incredibly low interest rates and few homes on the market it takes a lot of throwing to find the right house.

If this sounds familiar, you are not alone. It is not uncommon that many buyers are writing five to ten offers on different houses before one gets accepted. Alicia Weaver of Shandrow Group continues, “the market is very tight right now. There are not a lot of good quality homes on the market and the ones that are good get loads of offers. It certain feels like a seller’s market.”

To good news is this can present a great opportunity for buyers that are working with a qualified real estate agent.

If you need help reducing the number of spaghetti offers you are writing, contact Shandrow Group today. We can help you find the right house for the right price.

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

FREE HUD Home Buying Seminar at Petroleum Club – May 12th

Mark Shandrow — Mon, 07 May 2012 16:48:16 +0000

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

Yes, we are doing it again. The attendance has been AMAZING!!! Please stop by the Petroleum Club this Saturday for another great buyer training on HOW TO BUY HUD HOMES. Here are just a few benefits of buying a HUD owned home:

HUD will pay up to 3% of buyers closing cost (must be negotiated in contract)
Escrow fee paid by HUD (savings of anywhere from $350-$900)
Price of home is based on an FHA as-is appraisal (excellent values)
If Condo or townhome, project approval is not required (only on HUD Homes) ML 09-19
FHA appraisal is already completed (saving an average of $400, Appraisal is good for up to 4 months)
IE finance types have option of doing an FHA standard loan with escrow repair
Owner Occupant priority bidding period
Low EMD ($500 or $1,000)
Good Neighbor Next Door (GNND) program available in certain areas for eligible buyers
All homes listed on www.hudhomestore.com nationwide
Quick response to bids (typically within 24 hrs from bidding deadline)
FHA 203K owner occupant rehab loan option
Did you know…? If FHA financing used, termite inspection and treatment is paid by HUD and all section one items are cleared

Sealed Bids, Bid Transparency

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

Bellflower Pool Home with Dry Sauna and Jacuzzi

Mark Shandrow — Sat, 05 May 2012 17:16:39 +0000

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

Charming single family home located in a great neighborhood. Property shows as a 4 bed/3 bath with a pool room that includes a changing room, dry sauna, 3/4 bath, and 1 car garage. Great floorplan with a large backyard and an attached 2 car garage. Property features a wonderful patio w/ a large solar heating in ground pool and jacuzzi. Kitchen has a built in oven/microwave, cooktop, and dishwasher. Two fireplaces located in the dining room and master bedroom. This home is a must see and will not last long! Subject to cancellation.

Check out the custom single property website here:
http://www.9252ivesstreet.com

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

What an Extension of the Mortgage Debt Relief Act Could Mean

Mark Shandrow — Mon, 30 Apr 2012 15:13:03 +0000

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale

According to a preliminary report released by LPS, 2,060,000 properties are in foreclosure inventory. As of the end of the 2011 fourth quarter, 11.1 million borrowers were reported to be underwater, according to CoreLogic.

That’s a lot of potential debt to be forgiven, and through the Mortgage Debt Relief Act of 2007, homeowners get a break from paying taxes on their forgiven debt – whether it was forgiven through a short sale, foreclosure, or a modification. The act though, is set to expire at the end of this year.

“The scheduled expiration of the mortgage debt relief law means a whole lot of uncertainty for a whole lot of underwater homeowners who are in the process of foreclosure,” said Lance Denha, Esq., of the Law Offices of Lance Denha.

If extended, this could lead to thousands in savings for the individual borrower. For example, depending on one’s tax bracket, every $10,000 in forgiven debt could incur as much as $1,500 to $3,500 in federal taxes. Thus, if $100,000 in mortgage debt is forgiven after a foreclosure, this could mean $15,000 to $35,000 in taxes owed for the borrower.

The Law Office of Lance Denha warned that rushing to hand over a deed before the December 31 expiration date could become a mistake though if Congress ends up extending the debt relief act, which it may.

“Obama did include it in his budget, to extend it to 2014,” said Mark Luscombe, a principal analyst for tax research firm CCH, in a statement. “Congress….. might decide it’s not as crucial as extending the tax breaks that already expired at the end of last year.”

That doesn’t mean Congress won’t eventually act to extend the relief, Luscombe said. “Usually the only fight about these things is finding a way to pay for it,” he said.

The administration is proposing to extend the act until January 1, 2015. The criteria to have forgiven debt excluded as taxable income is the debt must be from a primary residence, and the debt must be used to buy, build or substantially improve a primary residence. Also, the exclusion applies only to acquisition debt up to $2 million, or $1 million for married taxpayers filing separately. The Law Office of Lance Denha is a multistate law firm that helps defend wrongful foreclosures against homeowners.

Shandrow Group - Long Beach Real Estate | LA & Orange County Homes For Sale