Prices Up/Inventory Down

California’s median home price marked a full year of annual price gains, propelled by strong sales of higher-priced homes in February, while a lack of inventory constrained total home sales for the month, C.A.R. reported. 

Keep Your Home California

Keep Your Home California debuts new interactive website
Keep Your Home California has launched an easier-to-use website at www.KeepYourHomeCalifornia.org, allowing homeowners to answer questions online and determine if they are a good candidate for the free mortgage assistance program, and, if so, which program works best for them.

The federally funded program helps homeowners who have suffered a financial hardship, such as a job loss, a reduction in pay, divorce, or significant health care expenses, to make their mortgage payments.

Carpenter Charter School Is Having Growing Pains!

 Carpenter Charter School has gotten too popular. Living in the district does not guarantee that your child will be able to attend the celebrated school. For More Info read the article at Studio City Patch

Realtors Help Keep Your Property Taxes Down.

Coalition of Los Angeles REALTOR^® Associations Keeps Transfer Tax Increase Off the Ballot — February 2013
Last spring, when the City of Los Angeles proposed solving its $230 million fiscal year budget deficit by doubling the documentary transfer tax rate to $9 per $1,000 of assessed value, REALTORS® took action – fast. Eleven REALTOR associations covering the Los Angeles metropolitan area put together a coalition – 25,000 REALTORS® in all – to mount a successful campaign against the proposed transfer tax increase. And, by the way, they offered a viable alternative for raising the needed government funds. Using their own resources, along with funding from the California Association and NAR’s Issues Mobilization program, the coalition conducted polls, drafted alternative policy language and distributed effective mailers, which helped to get the transfer tax proposal off the March ballot.

I've posted a new listing!

I've posted a new listing! This Light & Bright 3 bedroom tri-level townhouse in Reseda boasts a large living room with fireplace, dining area, roomy kitchen, and patio. The two bedrooms located upstairs have loads of closet space. The downstairs bedroom would make a perfect office or den. Bathrooms feature newer tile, sinks, and fixtures. Sparkling pool. Newer central air. This is an end unit with one shared wall. And, wait for it...........direct access, private parking!!!!!! Entrance to the garage is on Shirley Ave. This is a short sale.

                                                     Click Here For More Information

Great News!!!!!!

The Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure.  
If you are upside down in your home and don't see a way out. Contact me TODAY....

Good news for homeowners facing foreclosure!!

Fannie Mae and Freddie Mac announced Monday that they will suspend all repossessions from Dec. 17  until Jan. 2, 2013.

"The holidays are a chance to be with loved ones, and we want to relieve some stress at this time of year," said Terry Edwards, Executive Vice President of Credit Portfolio Management, Fannie Mae.

Bank of America said it will also suspend foreclosure evictions both for loans it owns and for those it services for investors during the holiday. Still waiting for JPMorgan Chase, Wells Fargo and Citibank to announce their holiday intentions.

For more information on San Fernando Valley Foreclosures and Short Sales visit http://www.sanfernandovalleyshortsaleandforeclosure.com/