Tax Break For Underwater Homes Ends Soon

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Time is Ticking to Get a Fresh Start. According to recent data by CoreLogic, a leading provider of information, analytics and business services, almost 1 in 4 homes with a mortgage are underwater.  This number has continued to grow quarter over quarter as real estate values continue to decline. Many underwater homeowners allow their home more » Read more »

How long does it take to buy a house after a short sale?

I get this question a lot these days:  ”How long until I can buy another house after doing a short sale?” The answer first depends on why you did the short sale and what type of financing you will be using.  If the short sale was a result of economic hardship, you can sometimes get more » Read more »

Another Onslaught of Foreclosures About to Explode

Get ready! We’re not even close to seeing even an inkling of a slowdown in the onslaught of foreclosures.  This just in from Los Angeles Times real estate writer Don Lee: “Mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs more » Read more »

Will Shadow Inventory Hurt U.S. Housing Market?

Will the ‘shadow inventory’ stunt a housing recovery? Source: — Tom Petruno, Los Angeles Times After every bear market on Wall Street, some investors are reluctant to buy because they believe many other investors will be anxious to sell into any rebound, swamping the market and stunting any recovery. And yet, bull markets get going more » Read more »

Shandrow Group Is Live!

Hello everyone, I am excited to announce the opening of Shandrow Group, Inc. (SGi) brokerage. I have left Keller Williams International and opened my own brokerage. My experience with Keller Williams was great and gave me the tools necessary to launch my real estate business. However, I decided that I wanted to be able to more » Read more »

International Tower: Iconic Luxury High-Rise Living by the Shore

Address: 700 E. Ocean Blvd., Long Beach, CA 90802 Stories: 30 Units: 204 condos Types of Units: Wide selection, including 1 bedroom, 1 bathrooms; 2 bedrooms, 2 bathrooms; 3 bedrooms and 2 bathrooms Size Range: Approx. 880 sq. ft. to 1,260 sq. ft. Year Built: 1965 HOA Dues: Approx. $635/month Views: Breathtaking panoramic views spanning more » Read more »

Ocwen First to Issue Obama’s Making Home Affordable Loan Modifications

Ocwen Financial Corp., a prominent subprime loan servicer and current Shandrow Group client, is officially the first mortgage servicer to begin modifying home loans as part of the Obama administration’s Making Home Affordable (MHA) program. The $75 billion government loan modification initiative enables at-risk borrowers lower their monthly payments to help them avoid foreclosure or more » Read more »

The Meridian at 1400 Ocean Boulevard, Premium Long Beach Condos

Address: 1400 E. Ocean Blvd., Long Beach, CA 90802 Stories: 4 Units: 70 condos Types of Units: 3 bedrooms, 2 baths, varied floor plans Approx. Size Range: 1,293 to 1,800-plus sq. ft. Year Built: 2001 Indoor Amenities: Cathedral 9-foot ceilings accented with crown molding Gourmet kitchens featuring granite countertops and tile floors White European-style cabinets more » Read more »

Historic Bank-Owned Home for Sale in L.A.’s Wilshire Area

Call Today to Schedule a Personal Tour Or—NEW!—Make an offer online NOW! Address: 1424 S. New Hampshire Ave. Los Angeles, CA 90006-4510 Home Type: Historic single-family, single-story, BANK-OWNED Price: $369,900 Square Feet: 1,281 sq. ft. Lot Size: sq. 4,150 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1907 Extras: Newer windows and roof Central more » Read more »

Top Reasons to Sell Your Home Via Short Sale

Perhaps you’re “upside down” on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re more » Read more »

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