Downey, CA Real Estate News

By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Foreclosures in our local market place and the Misconception of the Media  What constitutes a Foreclosure.  There are a couple of components and a three step process that a homeowner goes through to get to a point where they actually lose their home to foreclosure. Generally if a home owner is late on his or her payment, the lender gets a little concerned.  Initially most lenders will call the homeowner, or write them a letter, telling them they are late and to make the payment, and that they will be jeopardizing their credit, or worst lose their home. If that does not get their attention, the lender will officially start the foreclosure process.  The three elements to the process are;  1.       The 1st phase is the Notice of Default (NOD) period, which is a 90 day event (3 months) to c...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Life has many spendered things to live for.  Life, also has harsh realities in it.  Last night my daugther e mailed a series of pictures with music flowing with a slide show, it had many beautiful sites of the space shuttle taking off in a magnificent ah, clouds abound with the flames of the rocket bursting with energy and heat showing off the splenderness of it all.One of the slides, or I should say several slides, reminded me of the ugliness of war, as I saw a young soldier, looking very somberly at a befallen grave of a combat soldier, whose rifle's bayonet was afixed into the ground, and the befallen soldier's helmet rested against the rifle butt, a mistful eye reminded me of my own past, as I felt the pain of this beraved young man's compasion for his fellow soldier and friend who ...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Should I lend money to a friend, or relative who is in trouble? A must Read! Should I lend money to a friend or relative who is in trouble?  The question almost seems ludicrus, of course you should, Right?.... or..... Wrong?   I am not one to quote the Bible, but it seems to me, that if your brother is in trouble, you help him, right?  So when is enough, enough?  Good question.  I wish I had a crystal ball to see the hand writing on the wall.Recently I have experienced a situation that I feel I have to write about, just in case there is another me out there.  This is a situation, that you might say is darn right sad, foolish or stupid and perhaps all three.I had a friend, will call him "George".  Now, George was a fellow associate who kinda ran into a string of bad luck.  A real likable...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
November 5, 2007   Dear Senator Feinstein,   I wrote this as a Blog for my fellow real estate associates, however, several of them have pointed out that I should be pointing this in the direction to members of both houses that  make the laws that affect the economy.    We have serious problems with the economy, and it cannot wait on the Federal Reserve movements in the fed funds rates to take affect, and won't do much good, unless we raise the Loan Limits for High Cost state, such as California and other states with similar problems in this credit crunch.    If we don't act fast in raising the loan limits, many people will start losing their homes faster than the economy can handle, including myself, and I did not refinance using sub prime lending, but my business depends on real estate...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Why is Conforming Loan Limits a concern?What is a Conforming Loan Limit, and what's so important about it.  As far as what is a Conforming loan amount.  I live in California, it is considered a high cost area, and  the average median price home is approx. $588,000 as of August 2007.  That can change somewhat, as prices go up or down.  Having said that,  the Federal Government mandates Conforming Loan Limits that Fannie Mae and Freddie Mac are allowed to purchase on the secondary market.  Currently the maximum Conforming Loan Limit is set at $417,000 for 2006 for California, anything over the $417,000 Fannie & Freddie will not purchase, that's considered a Jumbo Loan.  If the Loan can not be purchased by Fannie & Freddie, the bank or financial institution is stuck with the loan, and can ...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
The National Association of Realtors and the California Association of Realtors (NAR/CAR) both agree that the internet is here to stay.  That 80% of the public view the internet when they are interested in purchasing a home for themselves.  That's absolutley correct.Here is what I preceive as a problem for the real estate industry as a whole.  The internet and the computer are fabulus tools to search for information.  I myself, use the computer for many things when I want information.  I am a dinosaur.  I've been in this business, which is one of the greatest professions to help people reach for their dreams.  The Problem of today is that the internet does not know how to close.  It can't build the relationship that is needed to literaly ask for the order that makes logical sense, yet b...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
The problem with some of our elected legislators, they create new laws eihter to boast their names to create ratings in the public's eye, or they care, but lack the full knowledge of the conscquences on the laws they are introducing for the sake of trying to right a conceived wrong.  With resect to the current credit cruch that has been at the forefront of conversation regarding the sub prime market and all of the foreclosure activity that some borrowers are experiencing.  Some law makes are proposing laws that would abolish any form of stated income programs that allow lenders to originate loans.  Law makers need to understand that problems and the complexity of those problems, as well as the consecquences of any propose laws, would effect on society on many different levels.Stated inc...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
The Consumer is the ultimate desion maker affecting the real estate market.  It is currently being bombarded by the 5 different media outlets.  Lets examine the facts;  The News media is coming from a direction driven by revenue, not necessarily the News of the day, rather by selling advertising to generate revenue.  That's the ultimate goal. If you don't believe that, no need to continue reading.  Just examine and see for yourself at the commercials.  Subliminal advertising, generated by branding ads and other forms of advertising by advertising companies carefully construct ad campaigns, designed to get attentions for retention, that generate billions of dollars in revenue. Each one of the media outlets are vying for your dollars, they do not care, if you lose your source of income, t...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Are you in Foreclosure?  In many cases, there are solutions.  I can help.  Call me today!Carlos R. Arvizu Sr.Pronounced   R.V. Zoo562-755-3856TheDon1950@aol.comwww.CarlosArvizu.com
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Is to much information distorting the truth? The Problem with information, is that it can be easy misinterpreted to mean something entirely different than the deliver of the message intended it to be.  Take the following example for instance;........Line up 25 people in a straight line, and whisper to the first person in the line, that the speaker wore a Blue pinstriped suit, with a blue shirt to match with his blue eyes, and a yellow tie that did not match with any of his apparel except for his class ring.Chances are, what is being communicated to the first person in line, will totally be different to the 25th person in line.  The man and was naked except for the blue tie he wore.Where am I going with this?  I spoke to 3 different people today, each of them told me what they understood...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
BABY BOOMERS FACE RETIREMENT AND RELOCATION DECISIONS Baby Boomers (1946-1964) 1 Baby boomer will reach 55 yrs of age every 7 seconds in the United States. Many will face a variety of difficult decisions regarding many issues, such as having the financial resources to cope with retirement, health concerns, as well as, the possibility of moving to less crowed parts of the country for less stressful and quieter lifestyles. Many baby boomers are realizing that time is not a friend, but an awakening call to pencil out (plan) the balance of their lives.  In 2005 as an example, the United States had 34 million people, who reached the age of 55, and that amount is expected to double in population to 71 million seniors by the year 2030 according to Newsweek Magazine.  Unfortunately many of thos...
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By Ray Guadron
(INNOVATIVE REAL ESTATE MANAGEMENT & INVESTMENTS, INC.)
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By Eddy Martinez
(Nationwide Funding Group)
---- Tenants Rights and Duties ----Now that we know what landlords are responsible for , lets flip the coin and go over what a tenant is responsible for. In return for the payment of rent, a tenant has certain obligiations and rights by law:A tenant must pay the rent when it is due. If rent is due on the first of the month or whatever day payment is agreed upon it must be paid.A tenant must give proper written notice before moving out, unless there is an agreement otherwise. The notice is based on the number of days between rent payments. For example, a tenant who pays monthly must give 30-days written notice or weekly at least 7-days written notice.  Eddy MartinezBest Rate Funding - Direct Lender - Wholesale RatesSenior Loan ConsultantDirect Line: 1-888-702-2225 x. 115E- Fax :1-310-943...
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By Eddy Martinez
(Nationwide Funding Group)
In California there are only a few certain cities that have rent control they are the following:-Berkeley-Beverly Hills-East Palo Alto-Hayward-Los Angeles-Los Gatos-Oakland-Palm Springs-San Fransisco-San Jose-San Leandro-Santa Monica -West HollywoodThe maximum allowable rent is the Maximum legal rent that a landlord can charge for a controlled rental unit. Many of the rent control laws allow tenants to request rent decreases when landlords do not continue to provide housing services. THe most difficult issue is that of having to evict a tenant. There are specific laws covering this topic. A "good cause" evicition includes failure to pay rent, violation of a condition of the rental agreement or causing a substantial nuisance. A "no fault" eviciton is a lawful evicition in which the tenan...
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