MRES
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23471 Park Colombo Calabasas for Sale
Multi Real Estate Services – Ron Henderson Presents
23471 Park Colombo Calabasas, CA $1,449,000
- Exclusive Gated Community
- 5 Bedrooms
- 4 1/2 Bathrooms
- Built in 1990
- 5202 Sq.Ft. Home (assessor)
- Large 13,160 Sq.Ft. Lot
- Gourmet Kitchen
- Newer Stainless Steel Appliances
- Cul-De-Sac
- Oversized 3 Car Garage
- Hardwood Floors Throughout
- Front and Real Balconies w/Views
- Las Virgenes School District
Spectacular guard gated community “The Ridge” of Calabasas Mediterranean style home. Located near the end of a prime private cul-de-sac. The magnificent skylight atrium entry soars high over the second story leading to a versatile open floor plan. Striking contemporary architecture. Perfect for entertaining! Huge rooms with vaulted ceilings. Hardwood floors throughout. Formal dining, living room, family room and bonus room with fireplace, large wet bar, opening to patio. 4 bedrooms upstairs, downstairs bedroom has separate entry perfect for maid or independent teen. Master suite with retreat area, double walk-in closet, granite faced fireplace and balcony with views. Master bath with spa tub. Gourmet kitchen with granite countertops, center island, newer stainless appliances, eating area’s french doors open to quiet patio. Duel zoned A/C system. Exceptionally large backyard. Plantation shutters. Oversized 3 Car garage. Las Virgenes School District.
Specialist in the art of Real Estate sales and finance
Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley
New Mortgage Tax Information – A Costly Maneuver
www.mres.com Ron Henderson President/Broker of Multi Real Estate Services conveys the latest information on the new tax on Freddie & Fannie mortgages to pay for the two month Payroll Tax cut extension. Also some commentary on the economically illogical, and politically motivated element of it.
Specialist in the Art of Real Estate Sales and Finance
Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley
Mortgage Rate Update December 30 2011 Year in Review and What to Watch for in 2012
www.mres.com Multi Real Estate Services – Ron Henderson President/Broker of Multi Real Estate Services evaluates the present mortgage interest rate environment as of December 30, 2011. Year in review and what will effect mortgages in 2012.
The Latest Top 20 Foreclosure Markets. How’s Los Angeles Holding Up?
After five straight quarterly drops, default notices that start the foreclosure process increased 14 percent nationwide from the second quarter to the third quarter of 2011, signaling that another wave of foreclosure activity is beginning in many parts of the country. Although this wave will probably not crest as high as the foreclosure wave of 2007 to 2010 that resulted in more than 3 millionborrowers losing their properties to foreclosure, it comes on the heels of a temporary lull in foreclosure activity caused by foreclosure delays over the past year.
This new wave of foreclosures is hitting some markets particularly hard. Below are graphics showing the 20 markets nationwide with the biggest quarterly increase in new foreclosure starts in the third quarter.
Q3 Foreclosure starts
Q3 total foreclosure starts
Los Angeles Foreclosure filings
Source: realtytrec
Could Lenders Start Factoring in Energy Costs?
Rising utility bills can greatly affect a home buyer’s ability to afford a house, sometimes even more so than property taxes or home owner’s insurance. As such, a new bill introduced in the Senate is calling on lenders to start taking into account a home’s energy costs in standard mortgage underwriting—right along with principal, interest, taxes, and home owner’s insurance.
The bipartisan bill, SAVE Act (Sensible Accounting to Value Energy) would require the three major mortgage agencies—Fannie Mae, Freddie Mac, and the Federal Housing Administration—to factor energy costs into every loan they insure, guarantee, or buy. To gather estimated costs of energy bills on a home, lenders would gather data from previous utility bills or from an Energy Department survey database.
The bill also calls on the mortgage agencies to instruct appraisers to raise their property valuations when energy efficiency savings on a home can be shown. The higher value could thenbe used by a buyer to justify a higher loan amount if needed.
Source: Daily Real Estate News | Tuesday, November 01, 2011
Mortgage Interest Rate Update October 28, 2011
Ron Henderson President/Broker of Multi Real Estate Services evaluates the present mortgage interest rate environment as of October 28, 2011.
How are recent US economic reports & European economic issues effecting mortgage rates? Ron will show you the technical elements using charts, and what news fundamental events to watch for…
Specialist in the art of Real Estate sales and finance
Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley
Carbon Monoxide detector law, refinancing and appraisals
Well, I’m trying REAL HARD not to be political, but it’s getting tougher. CA Senate bill 183 is a mandatory residential Carbon Monoxide detector law that is now in effect. Since the state can’t enforce all their new rules (or old ones), it appears that certain appraisers and/or lenders may be pushed to do it for them. What’s this mean? Generally, if you are getting a real estate loan and you don’t have a detector installed, the appraiser could require it, along with an added fee for coming back to the property to make sure it’s installed.
First, be aware of the law, and you may want to install the appropriate detectors (even if just for safety reasons). Second, if you’re refinancing (or selling your house), install the detectors before the appraiser shows up. It may save time, and an added re-certification fee.
At this point, I don’t think every appraiser/lender will require compliance, but I do want to give everyone a “heads up”.
Proposition 13 Proposed Changes and Unintended Consequences
Ron Henderson President/Broker of Multi Real Estate Services gives an overview and thoughts about proposed changes to California’s Prop 13. Information from a meeting with John Noguez – Los Angeles County Assessor Aug 23, 2011. Covers basics of Prop 13, the potential splitting of the property types, how the gov’t will bribe general population to vote for it, and the potential unintended consequences.
Specialist in the Art of Real Estate Sales and Finance
Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley
Conforming High Balance Limits Expiring September 2011
Ron Henderson President/Broker of Multi Real Estate Services evaluates the effect of the expiration of the temporary conforming loan limits. If you have a loan amount between $417,000 and $729,950, and want to refinance, do so immediately. Rates are great, and you get the temporary benefit of Freddie Mac, Fannie Mae & Ginnie Mae getting you a better rate than when the loan goes Non-Conforming.
Mortgage Rate Update August 3 2011
Ron Henderson President/Broker of Multi Real Estate Services evaluates the present mortgage interest rate environment as of August 3, 2011.
