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 ... » Learn More about The Latest Top 20 Foreclosure Markets. How’s Los Angeles Holding Up?
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 ... » Learn More about Could Lenders Start Factoring in Energy Costs?
Mortgage Interest Rate Update October 28, 2011
http://www.youtube.com/watch?v=szhTTV0c-qo&feature=mfu_in_order&list=UL[/youtube 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 ... » Learn More about Mortgage Interest Rate Update October 28, 2011
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 ... » Learn More about Carbon Monoxide detector law, refinancing and appraisals
Proposition 13 Proposed Changes and Unintended Consequences
http://www.youtube.com/watch?v=TcM3_BUKNVk Hello this is Ron Henderson, President & Broker of mres in Los Angeles. The other day i was at a meeting with John Noguez the Los Angeles county assessor. The primary topic of discussion was the potential modification of proposition 13 that's being ... » Learn More about Proposition 13 Proposed Changes and Unintended Consequences