El Gobierno Esta Presentando Una Ayuda Para Los Propietarios de Casa En Problemas

Noticias de última hora: Nuevo Programa de Obama rescata a los propietarios bajo el agua


05 de junio 2011 · Deja tu comentario Su fácil de leer esta historia y ser escéptico ... después de todo, 2012 es un año electoral. Muchos verán este programa propone como nada más que una buena compra de edad votación de moda .... Sin embargo usted lo ve, principales deducciones saldo de la hipoteca están de vuelta en el juego.   .. Eso es correcto, el programa de patrimonio neto negativo está de vuelta sobre la mesa.

¿Hay alguna forma en que algo como esto va a suceder dado el republicano (y Tea Parties) intentó pasar a un enfoque más conservador para el gasto? Recuerde que la gente, este es SU dinero del pagador de impuestos el dinero ... ... que se va a reducir los saldos de capital de la hipoteca.

Comparte tus pensamientos .. es hora de rescatar a los propietarios de viviendas?

La administración Obama quiere ayudar a más estadounidenses que luchan permanecer en sus hogares mediante la reducción de la cantidad que debe en sus hipotecas en problemas, un alto funcionario del Tesoro dijo el sábado.

"Estamos definitivamente tratando de facilitar la reducción de más capital," dijo Timothy Massad, en calidad de secretario adjunto del Tesoro para la estabilidad financiera. "Es una pieza muy importante de la solución global", dijo.

El gobierno está intentando a través de programas financiados por los contribuyentes para evitar que los propietarios pierdan sus casas. Casi $ 50 mil millones han sido retiradas del rescate de los bancos 700 mil millones dólares conocido como Programa de Alivio de Activos en Problemas, o TARP, para ayudar a propietarios en dificultades.

La persistencia de alto desempleo y un débil mercado de la vivienda suponen una amenaza para las perspectivas del presidente Obama reelección el próximo año.

Hasta ahora, uno de los programas ha ayudado a unos 670.000 propietarios en dificultades ganar más bajos pagos de la hipoteca. Pero eso ha hecho muy poco para ayudar al mercado de la vivienda en general, que se mantiene deprimida como en otras partes de la economía han comenzado a recuperarse.

Un exceso de casas en venta, las ejecuciones hipotecarias, la escasez de crédito y la demanda poco han impedido la recuperación de la vivienda. Los datos recientes muestran que los precios cayeron por debajo de la casa baja visto en abril de 2009 durante la crisis financiera.

"Este ha sido un mercado de la vivienda muy, muy difícil como consecuencia del hecho de que pasamos por una crisis financiera terrible", dijo Massad periodistas en el marco de un evento de prevención de ejecuciones hipotecarias en Washington.

Uno de los programas de la administración ayuda a propietarios en dificultades evitar la ejecución hipotecaria, proporcionando modificaciones permanentes préstamo.

Otro programa, el aumento gradual de ahora, da a los estados que han sido los más afectados por la caída de precios de las casas de financiación para ayudar a reducir el principal del préstamo de un prestatario, entre otras cosas.

"Creo que los va a hacer una gran diferencia en cuanto a los problemas de los propietarios de viviendas desocupados y la caída de precios de la vivienda", dijo Massad. Sin embargo, agregó que el proceso fue complicado.

CASAS DE PRECIOS BAJO A LA VENTA EN EL CONDADO DE LOS ANGELES

Zig Ziglar Quote

It's not what you've got, it's what you use that makes a difference.

Zig Ziglar

 

 

 

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Some Wise Quotes

You are brave...when you overcome your fear and help others to do the same.


You are happy...when you see a flower and are thankful for the blessing.

You are loving...when your own pain does not blind you to the pain of others.

You are wise...when you know the limits of your wisdom.

You are true...when you admit there are times you fool yourself.

You are alive...when tomorrow’s hope means more to you than yesterday’s mistake.

You are growing...when you know what you are but not what you will become.

You are free...when you are in control of yourself and do not wish to control others.

You are honorable...when you find your honor is to honor others.

You are generous...when you can take as sweetly as you can give.

You are humble...when you do not know how humble you are.

You are merciful...when you forgive in others the faults you condemn in yourself.

You are beautiful...when you don’t need a mirror to tell you.

You are rich...when you never need more than what you have.

You are you...when you are at peace with who you are and are not.

Homes For Sale, Mortgage Loans, Real Estate News

Investors Will Dominate The Real Estate Market In the Next Two Years

Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc.

These investors also are ready to compete with traditional first-time home buyers to snag the best deals. About two-thirds of investors say they expect the problems that first-time buyers are having with financing and getting mortgages will work in their favor in competing for properties. One in five investors say they plan to purchase properties using cash-only and 80.5 percent expect cash discounts on properties from sellers.

Some additional findings from the Move Investor survey about this growing segment of home buyers are:

--43.5 percent of investors expect it to get more difficult to find housing bargains in the coming months. Twenty-two percent expect prices to rise in the next six to 12 months, while 53 percent expect prices to stay relatively flat.

--Half of the real estate investors surveyed say they plan to hold their properties for five years or more. Only 11 percent expect to sell within 12 months of buying it.

--Nearly half of the investors surveyed expect a profit of 20 percent or more from their investment, 40 percent expect a profit of 10 percent, and 6.5 percent expect a 5 percent or less return on investment.

--Nearly half of investors say they plan to live in their investment property until it's sold or turned into a rental property.

--About 56 percent of investors plan to turn their investments into rental properties. Also, the survey found that 28 percent plan to purchase a vacation property and 30 percent reported an interest in buying retirement property as an investment.

--Nearly 60 percent of investors say they're new to real estate investing. About 33 percent are considering their first investment purchase and 8.5 percent are in the process of buying and selling their first investment property. Of those surveyed, only 36.5 percent had experience in more than one property transaction.

"This data suggests today's climate is hot for investing and is attracting a lot of new people that don't fit the stereotypical deal-driven flippers that buy and sell properties quickly," says Steve Berkowitz, Move Inc. chief executive officer. "They're mostly entrepreneurial individuals that will make vital contributions to local communities by investing their own money and sweat equity to improve and maintain properties. These personal sacrifices made over the long run will help improve housing stocks, home values, property tax bases, and thousands of local communities."

Source: “New Survey Shows Local Real Estate Markets Heat Up With Investors,” Move.com (May 26, 2011)

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Is the Fha Down payment Going To Increase To 5 % ?

Republicans on the House Financial Services Committee have drafted legislation that would raise the minimum down payment for FHA mortgages to 5 percent, cut FHA loan limits in most markets, and move the Agriculture Department's rural housing program to FHA's parent agency, HUD.


Though the draft bill has not been introduced, titled or assigned a number, it is expected to be the main subject of a hearing Wednesday before the Subcommittee on Insurance, Housing and Community Opportunity, chaired by Rep. Judy Biggert, R-Ill. After that, the bill is likely to be formally introduced and sped through subcommittee and committee votes and head for action by the full House.

The text of the draft bill appears to be a partial answer from House Republicans to the Obama administration's call earlier this year for a smaller federal government footprint in housing.

By lowering maximum FHA loan limits in large numbers of local areas -- well below even the limits that are already scheduled to kick in Oct. 1 -- the bill would squeeze down FHA loan volume across the country, cutting a resource for some home purchasers who can't obtain a conventional mortgage.

Here are some examples of current FHA loan ceilings, how they're scheduled to adjust in October, and where they'd end up under the Republican plan:

•In Los Angeles County, the present high-cost area maximum is $729,750, which was set by the federal economic stimulus legislation passed by Congress following the financial crisis of 2008. That ceiling is scheduled to drop to $625,500 Oct. 1. Under the new bill, however, the maximum FHA-insured loan amount allowed in Los Angeles would be $412,500 -- a $317,250 plunge from the current limit and $213,000 below the scheduled reduction this fall.

•Other counties in high-cost California would experience even sharper declines, such as Monterey, where the maximum would decline by $436,000 and Contra Costa, where the drop would be $379,750. Every county in California -- from big urban communities to rural areas -- would be on the losing end of the new FHA equation, and most reductions would be in the six figures.

•The lower limits would be significant in other states as well. Monroe County, Fla., would see maximum FHA loan limits go from $729,750 to $425,000. Under the scheduled Oct. 1 statutory decrease, the county -- which comprises the Florida Keys -- would have a $529,000 maximum. Sarasota, Fla., would see a $261,250 drop under the bill, Miami-Dade a decrease of $161,250, and Orange County (Orlando) limits would decline by $128,750.

•Large counties in the high-cost areas around Washington D.C. would see FHA limits drop by anywhere from $398,500 (Prince George's, Md.) to $366,250 in Baltimore. Most New England and mid-Atlantic states would end up with lower loan ceilings along with major markets in the Midwest and the Rocky Mountain states.

The FHA loan limit formula would be revised to 125 percent of the median home sale price in the local county under the bill, and the current $271,050 floor for loan limits nationwide would disappear.

Though major housing, real estate and lending groups had no comments pending the Wednesday hearing, they are likely to oppose the sharp cuts in loan limits.

Mortgage industry consultant Brian Chappelle, head of Potomac Partners in Washington, D.C., is scheduled to testify at the hearing and told Inman News that the higher loan ceilings are a bad idea.

Audits of FHA loan performance, Chappelle said, repeatedly have shown that higher-balance mortgages default and trigger claims against FHA's insurance funds at lower rates than smaller-balance loans.

"FHA is essentially an insurance company," he said, "and you need those (higher-balance) loans to spread the risk," just as private sector insurers do.

The Republican bill's call for a 5 percent minimum down payment on FHA loans also is likely to draw criticism from industry groups.

The National Association of REALTORS® and the National Association of Home Builders have opposed such a move in the past, arguing that there is no statistical evidence that adding 1.5 percent onto the current 3.5 percent minimum would significantly affect default probabilities of new FHA loans.

However, the higher down payments, along with the bill's prohibition of financing of closing costs, would make home purchases more difficult for substantial numbers of consumers.

Chappelle estimates that "40 percent of FHA borrowers would fall out" -- unable to afford the transaction -- "if they go to 5 percent down."

The bill also proposes shifting the Agriculture Department's rural housing program to the U.S. Department of Housing and Urban Development. A Republican staff member said "HUD has the housing responsibility and the expertise," so the change is logical.

However, proponents of the rural housing programs may not want to risk being swallowed up in an urban-oriented agency, nor is the Agriculture Department likely to want to lose a chunk of its traditional turf.

Where's the bill headed? Republicans say they are merely seeking to move the agenda they share with the Obama administration -- the smaller footprint concept -- which is, in turn, part of a larger agenda to phase out Fannie Mae and Freddie Mac.

Passage of the bill by the full House appears to be a real possibility, as Republicans are in control on that side of Capitol Hill.

But all bets are off in the Senate, where Democratic support for continuing FHA's role in the market is far stronger, and where dramatic cuts in loan limits in places like California, New York, Massachusetts and the East Coast's expensive markets likely won't fly.

Ken Harney writes an award-winning, nationally syndicated column, "The Nation's Housing," and is the author of two books on real estate and mortgage finance.

Alberto Pacheco

Realtor Calbre Lic 01200694

818 481 9211

Keller Williams Porter Ranch

Real Estate Consultant

http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends

Blog: www.losangelescountyrealestate.blogspot.com

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How do I know when is the best time to invest?

Very often I hear potential homebuyers ask the following questions:


• Is this the best time to buy a home or should I wait?

• I hear home prices are still declining and rates are going to be even lower, should I wait?

• What if I buy a home and prices go down, am I going to lose my home?

When we decide to invest, the first thing that we must accept is the fact that no one really knows when the absolute bottom of the market will be, or exactly when the market trends will change, until after it happens; still not sure? Let’s analyze what happened a few years ago:

1. The largest investment bankers of the country lost hundreds of billions of dollars funding risky loans based on the belief that homes would continue to appreciate in value and they didn’t

2. When the financial crisis started, most “experts” predicted that this was going to be the smallest Real Estate bubble in history and that prices would start appreciating soon, we all know what really happened.

Some of us like to wait until we hear in the News that it is a good time to invest, however we seem to forget that Newscasts only report things that have already happened, they never predict, they only report; still in doubt? Then ask yourself, do you remember hearing any news channel reporting about the financial crisis before it happened? Of course not, we only heard of it until after it was already happening.

A second important aspect about investing is to always remember the golden rule:”buy when prices are low and sell when prices are high”, unfortunately most of us will wait to purchase until we see prices are on the way up instead of when they are down.

Now that we know the basics, let’s review the other costs associated with owning a home, to make sure that we are being responsible; you will pay hazard insurance, property taxes, mortgage insurance (if you are investing less than 20% down payment) and last but not least, the interest that you pay on your mortgage; if we take in consideration the interest, the average homeowner will have paid 3 times the price of their home after the 30 years term, financial costs (interest) is therefore the highest cost of homeownership.

In conclusion, we can safely say that a good time to invest would be the combination of low home values and low interest rates, if we acknowledge that rates are at the lowest they have been in the last 50 years and home values are 40% of the peak of the market, would you agree that we are experiencing one of the best times to invest in a home?

Ruben Romero
Camino Real Mortgage Bankers

Quote of The Day

All men are by nature equal, made all of the same earth by one Workman; and however we deceive

ourselves, as dear unto God is the poor peasant as the mighty prince.

Plato

 
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Quote of The Day

It doesn't matter where you are coming from. All that matters is where you are going.

 Brian Tracy

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Quote of The Day

Feeling sorry for yourself, and your present condition, is not only a waste of energy

but the worst habit you couldpossibly have.

Dale Carnegie

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New Homes Competing Against Foreclosures

Builders broke ground on fewer homes in April as the new-home sector continues to face competition from a glut of foreclosures that in many markets has brought home values down.

Construction on homes and apartments dropped 10.6 percent to a seasonally adjusted annual rate of 523,000 units, the Commerce Department reported on Tuesday. In March, housing starts reached a 585,000-unit pace (an upward revised figure). Residential construction is down 23.9 percent compared to April of last year--its largest drop since October 2009.

Considered the “volatile part” of the new-home market at the moment, construction of multifamily homes (buildings with five or more units) particularly hampered housing starts last month, decreasing 28.3 percent. Single-family home construction--which generally makes up 75 percent of all housing starts--dropped 5.1 percent from a month earlier.

Regionally, the results were mixed. In the South, housing starts dropped 23 percent and 4.8 percent in the Northeast. However, the Midwest posted a 15.7 percent gain in housing starts, as well as the West with 3.7 percent.

Permits for future home construction dropped last month, falling 4 percent to a 551,000-unit pace last month, the Commerce Department reports.

The Distressed Sales Impact

New-home construction is being weighed down by an oversupply of existing homes on the market, particularly foreclosures, experts say. Buyers are increasingly choosing bargain-priced foreclosures and previously owned homes over--in general--pricier new homes.

“Builder confidence has hardly budged over the past six months as persistent concerns regarding competition from distressed property sales, lack of production credit, inaccurate appraisals, and proposals to reduce government support of housing," NAHB Chairman Bob Nielsen said Monday in statement about the National Association of Home Builder/Wells Fargo Housing Market Index, which shows builders’ confidence about the new-home market remains low.

Source: “U.S. Housing Starts, Permits Fall in April,” Reuters News (May 17, 2011

Homes and Condos Listing Update 05-12-11

Market Watch

New Listing (919)

Price Change (1037)

Back On Market (405)

Backup Offer (436)

Expired (160)

Pending (588)

Sold (539)


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Real Estate News For May 2011

Happy Mother's Day



Granada Hills, Mission Hills and North Hills Homes Sold on 3rd Quarter of 2010

Granada Hills

Homes Sold:  128          Average Sales Price: $ 405,000   Price Change From 3rd Quater 2009: 5.2%

Condos Sold: 12            Average Sales Price: $ 257,000  Price Change From 3rd Quarter 2009: 11.6%

Mission Hills

Homes Sold: 42             Average Sales Price: $ 321,000    Price Change From 3rd Quarter 2009:  7%

Condos Sold: 3             Average Sales Price:  $ 175,000   Price Change From 3rd Quarter 2009: -12.5%

North Hills

Homes Sold: 88            Average Sales Price: $ 375,000       Price Change From 3rd Quarter 2009: 4.5%

Condos Sold: 51           Average Sales Price: $ 185,000       Price Change From 3rd Quarter 2009: 14.6%


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Foreclosures , Auctions and Preforeclosures in Granada Hills CA as of 04-28-11

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 10636 Haskell Ave 

10544 Haskell Ave

 11312 Haskell Ave

11114 Haskell Ave

10928 Haskell Ave

10814 Haskell Ave

11156 Haskell Ave

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Granada Hills Demographics, Schools, Home Values, Income, Population and More

Recent Home Value Results According To Zillow

$963K - 11586 Rancho Del Valle Granada Hills, CA 91344

$588K - 12401 Littler Pl Granada Hills, CA 91344

$457K - 17100 Signature Dr Granada Hills, CA 91344

$457K - 17100 Signature Dr Granada Hills, CA 91344

$403K - 10435 Wish Ave Granada Hills, CA 91344

$369K - 10857 Blucher Ave Granada Hills, CA 91344

$369K - 11248 Balboa Blvd Granada Hills, CA 91344

$361K - 15806 Los Alimos St Granada Hills, CA 91344

$355K - 16421 Index St Granada Hills, CA 91344

$345K - 15650 Horace St San Fernando, CA 91344


Granada Hills Demographics

Total Population: 48,863

White Population: 32,238

Black Population: 1,764

Hispanic Population: 9,985

Asian Population: 7,980

Hawaiian Population: 45

Indian Population: 227

Male Population: 23,943

Female Population: 24,920

Median Age: 37.80

Median Age of Males: 37.0

Median Age of Females: 38.6


All Schools in Granada Hills 91344

Elementary Schools

Danube Avenue Elementary
11220 Danube Ave. Granada Hills, CA 91344 (818) 366-6463

El Oro Way Elementary
12230 El Oro Way Granada Hills, CA 91344 (818) 360-2288

Granada Elementary
17170 Tribune St. Granada Hills, CA 91344 (818) 363-3188

Haskell Elementary
15850 Tulsa St. Granada Hills, CA 91344 (818) 366-6431

Knollwood Elementary
11822 Gerald Ave. Granada Hills, CA 91344 (818) 363-9558

Tulsa Street Elementary
10900 Hayvenhurst Ave. Granada Hills, CA 91344 (818) 363-5061

Van Gogh Street Elementary
17160 Van Gogh St. Granada Hills, CA 91344 (818) 360-2141

Middle Schools

George K. Porter Middle
15960 Kingsbury St. Granada Hills, CA 91344 (818) 891-1807

Patrick Henry Middle
17340 San Jose St. Granada Hills, CA 91344 (818) 363-7401

Robert Frost Middle
12314 Bradford Pl. Granada Hills, CA 91344 (818) 360-2146

High Schools

Granada Hills Charter High
10535 Zelzah Ave. Granada Hills, CA 91344 (818) 360-2361

Jane Addams Continuation
16341 Donmetz St. Granada Hills, CA 91344 (818) 360-5244

John F. Kennedy High
11254 Gothic Ave. Granada Hills, CA 91344 (818) 363-6794

Other Schools

North Valley Charter Academy
16551 Rinaldi St. Granada Hills, CA 91344 (818) 368-1557

The Economics

Average House Value: $238,100

Average Annual Household Income: $78,213

Businesses: 904

Employees: 7,593

Annual Payroll: $187,266,000

The Politics

Congressional District: 27, 25

Congressional District Land Area: 150.0, 21484.0

Sr Senator: Barbara Boxer (D)

Jr Senator: Dianne Feinstein (D)

US House Representative: Brad Sherman (D)


Alberto Pacheco
Real Estate Consultant
http://www.stoppayingrentinla.com/ Granada Hills Real Estate
htttp://www.losangelescountyrealestate.blogspot.com

Become The Best Of You When You Think At a High Level

The Key To Become

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A Very High Level

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Did Jesus Christ Died For Your Sins?

More Than 2000 Years Ago

JESUS CHRIST

Died On The Cross To Pay For My Sins

As Well As

For Yours When You Accept Him as Your Saviour

New Bill To Speed Up The Short Sale Process

A new bill to improve the process for approving short sales may soon bring relief to distressed homeowners who are unable to keep their homes and hope to avoid foreclosure. The bill, recently introduced in the U.S. House and strongly supported by the National Association of REALTORS®, would impose a deadline of 45 days on lenders to respond to short sale requests.


The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.).

“The current short sale process can be time-consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a homeowner from foreclosure,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I.

“REALTORS® and consumers continue to raise issues about delays in the short sale process, because lenders are unable to decide whether to approve a short sale. After many months of delays, and with no response from lenders, potential buyers are losing patience and cancelling their contracts, often resulting in the property entering foreclosure. A short sale minimizes the negative impact on sellers and generally costs the lender less than a foreclosure,” said Phipps.

NAR has been actively pushing the lending industry to improve the process for approving short sales, which represent about 13% of recent home sales, according to NAR data. Phipps praised Reps. Rooney and Andrews for their efforts on the bill and urged Congress to pass the bill quickly.

“As the leading advocate for homeownership and housing issues, REALTORS® want to help more homeowners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and servicers approve short sale offers in a reasonable amount of time,” said Phipps. “Streamlining short sales transactions will reduce the amount of time it takes to sell the property, improve the likelihood that the transaction will close and reduce the overall number of foreclosures. This benefits sellers, lenders, buyers and the entire community.”

For more information, visit http://www.realtor.org./


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