Bank Owned Homes in Long Beach as of 01/08/2008

As of today there are 59 bank owned homes also called reo`s in Long Beach the starting price is $179,900 for a 2 bedrooms, 1bath house, next price is $184,500 for a 1bedroom, 1bath house, also $185,000 for a 2bedroom, 1bath house, then go up to $240,000 and on.

The lowest 3bedrooms, 2bath goes for $323,000, also the lowest 4bedrooms, 2bath goes for $325,000.

As you can see prices are very good in long beach comparing to the prices 2 years ago and back, if you are seriously thinking in buying in Long Beach, let me inform you that for First Time Home Buyers there is a 100% Mortgage Loan Available with NO Closing cost and the Interest rate as of TODAY is 4.875% FIXED FOR 30 YEARS.

You are not going to be able to get something like this with any lender other that the one I know, they are the Biggest Bank in the World and it is based in the USA.

They are also able to lend you as First Time Buyer to buy a DUPLEX, TRIPLEX OR FOURPLEX, there is no better than this. You may thing that this sounds to good to be true, but it is.

The requisit is be 1st Time Home buyer and present 2 year income tax forms, and you may qualify acording to your income.

If interested in finding more information about this program, e-mail me or call me.

By the way it also applies for the Entire Los Angeles, San Bernardino counties including Palmdale and Lancaster.

Alhambra Real Estate Homes Sold from 01/01 - 12/31/2007

New Listings: 78

Average Listing Price: $530,104

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold: 30

Average Selling Price: $475,376

% of Direfence Between Listing Price versus Selling Price: 97.40%

% Sales Price Versus Old Listing Price: 95.72%

Average Days on The Market: 55

Alhambra Real Estate Home Sales Statistics for December 2007


New Listings: 6

Average Listing Price: $624,833

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold:0

Average Selling Price: $0

% of Direfence Between Listing Price versus Selling Price: 9%

% Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0

Long Beach Real Estate Homes Sold from 01/01 - 12/31/2007

New Listings: 6972

Average Listing Price: $553,268

Listings Under Contract: 146

Average Listing Price: $453,620

Listings Sold: 2610

Average Selling Price: $543,851

% of Direfence Between Listing Price versus Selling Price: 97.21%

% Sales Price Versus Old Listing Price: 87.74%

Average Days on The Market: 67

Long Beach Real Estate Home Sales Statistics For December 2007

New Listings: 304

Average Listing Price: $517,140

Listings Under Contract: 90

Average Listing Price: $441,778

Listings Sold:149

Average Selling Price: $481,845

% of Direfence Between Listing Price versus Selling Price: 96.70%

% Sales Price Versus Old Listing Price: 90.67%

Average Days on The Market: 76

I WISH YOU ALL A HAPPY NEW YEAR

From Puerto Vallarta, Mexico

Alberto Pacheco

I WISH YOU ALL A

MERRY CHRISTMAS

Long Beach Real Estate Home Sales Statistics For November 2007

New Listings: 436

Average Listing Price: $585,515

Listings Under Contract: 100

Average Listing Price: $452,184

Listings Sold:128

Average Selling Price: $503,748

% of Direfence Between Listing Price versus Selling Price: 96.21%

% Sales Price Versus Old Listing Price: 90.94%

Average Days on The Market: 79

If you or someone you know is 30 days or more delinquent on their home loan, there are several option that are available to help you on them in this time of great need. Please call me as there are several solution that I may be able to recommend to you that would lessen your mortgage burden and get you on path of recovery. Some of the solutions include:

Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.

Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.

Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.

Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.

I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!

Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.

Valley Glen Home Sales Statistics for October 2007

Listings:19
New Average Listings Price $624,719
Under Contract: 11
Average Listing Price: $620,100
Sold:4
Average Sold Price:$515,750
% Sales Price / Listing Price: 96,54%
Sales Price / Old Listing Price: 89.81%
Average Days on the Market:56

Valley Village Home Sales Statistics for October 2007

Listings:55
New Average Listings Price $712,780
Under Contract: 8
Average Listing Price: $520,499
Sold:14
Average Sold Price:$774,698
% Sales Price / Listing Price: 95.42%
Sales Price / Old Listing Price: 92.69%
Average Days on the Market:57