As a Government Affairs Chair for the California Association of Mortgage Professionals (CAMP), I get exposed to upcoming bills being presented to local, state and federal governmental branches. February 27th is the last day bills can be introduced on the state level, but here are a few that have been submitted that have some real estate exposure... CA AB 99 Author: Perea (D) Title Income Exclusion: Mortgage Debt Forgiveness Summary: Amends the Personal Income Tax Law that provides for modified conformity to specified provisions...Continue Reading!
Purchase or Refinance, owner occupied or investment properties, with one loan that can update, customize, remodel, or expand an existing structure. Learn the difference between these unique programs, and which program will work best for specific applications from Ron Henderson President / Broker of Multi Real Estate Services this Friday February 20 at 8:15am at the OutWest Marketing Meeting Weiler’s West Hills Deli (Conference Room) 22323 Sherman Way, Canoga Park, CA. The presentation and the OutWest Marketing networking meeting is free...Continue Reading!
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for California Association of Mortgage Professionals evaluates the present mortgage interest rate environment as of February 11, 2015 Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc www.mres.com [email protected] CalBRE#00905793 NMLS #30358 Specialist in the Art of Real Estate Sales and FinanceContinue Reading!
Virtual Tour- 3040 Mulberry CR # 52, Thousand Oaks 91360 Former model unit on 7840 Sq ft corner fenced lot with private setting for kids and entertaining. Guest parking near by. Upgraded kitchen includes Bosch gas stove/Farmers sink and "Cashmere" granite counters with huge island that opens to dining area. Newer wood like laminated flooring. Over 1850 Sq ft with 3 bedrooms/3 updated baths. Indoor Laundry room. Fireplace in Living Room with high ceilings. Association offers exterior maintenance, tennis courts,...Continue Reading!
The California values are up a moderate 3.1% year over year. Inventory is up marginally, time on the market up, and the Affordability Index is flat, thanks to low interest rates have lasting longer than expected. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals www.mres.com [email protected] Specialist in the Art of Real...Continue Reading!
The FHA monthly mortgage insurance premium drops January 26 by .50%. This is to make it more competitive with Freddie Mac and Fannie Mae's 3% down programs. The FHA Up Front Mortgage Insurance Premium will still be 1.75%. The better quality borrowers have migrated to conventional financing because the cost of FHA financing has been very expensive. FHA insurance has had several premium increases over the past few years. The buyer's that can't qualify for conventional financing have been pushed to use...Continue Reading!
Free workshop Tuesday January 20 6:30pm, and Saturday January 24 2:30pm conducted by the Economic and Financial Education Council a group of professionals, with expertise in different areas that affect the finances of families and individuals, providing free educational workshops for the community.Continue Reading!
Presentation – Using Fiverr and Other Outsourcing Methods to Increase Productivity and Lower Employee Costs
Thinking about ways to expand your web presence, marketing, and social media but don't have the skills, time, or want to take on the expense of adding full time employees? Learn the tricks of the trade of using Virtual Assistance, and the pros and cons of international outsourcing from Ron Henderson President / Broker of Multi Real Estate Services this Friday January 9 at 8:30am at the OutWest Marketing Meeting Weiler's West Hills Deli (Conference Room) 22323 Sherman Way, Canoga...Continue Reading!
Ron Henderson President/Broker of Multi Real Estate Services Los Angeles, CA discusses a new Fannie and Freddie appraisal “review” system that could possibly turn the real estate industry upside down with delays, higher costs and dead deals. The Collateral Underwriter is active January 26, 2015. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association...Continue Reading!
California real estate values dropped a huge 59% from it's peak May of 2007 to it's bottom February 2009. Then the big money realized housing was priced below it's long term fundamental levels. The institutional and foreign investors came in hard, pushing aside the traditional domestic buyers, and drove the prices up for the past couple years. Over the past few months the institutional buyers have pulled back from their heated buying frenzy. The upside, domestic buyers have more inventory to...Continue Reading!