Real Estate in the Hermosa Beach and Redondo Beach Areas

Impressed with Brooklyn NY blogger first time buyer post www.Mitchell S. Feldman Real Estate Blog

Water hydrants sometimes leak. Valuable water is fixed right away. The truck pulls up and they change the valves, the caps, or the entire unit. Redondo Beach is known to have excellent city services. Along with the mayor, the city planners, the police and fire, our city is full of vital active civil activities. South Bay is proud of our cities.

Our local neighbors are active in speaking to each other and looking out for each others properties. We enjoy sharing many local restaruants and often meeting at Hennesy’s (offers 2 for one) Tuesday hambergers. We value each other, our beaches and our city.

Living at the beach means so many things to share. Sunny days, saved bread to take to feed seagulls at the beach, people walking dogs daily down the streets, Restuarants easy drop by and sit down. Many breakfast only spots, we have so many dining choices. Many pizza and hamburger locations. Walk to school or church. Amazing library in Redondo has books video and dvd rentals.

This weekend we had cooling fog which burned off by 11 am and  an afternoon breeze. Few places need air conditioners this close to the beach. When people out of area visit they are amazed. This w

We went to Lowes and bought flowers the “new wave petunia “which drapes, new pots for growing palms, and had so much mothers day fun creating a summer of flowers to enjoy. Children were jumping rope, scooting on razors, being pulled by dogs on skateboards, playing in an old refrigerator box as a fort, climbing trees, and doing gymnastics on the lawns. Adults were out visiting each other on the sidewalks. One wonderful neighbor has taken up the cause of a wonderful orphan cat. He was cared for by someone who moved. The neighbor 2 doors down said she could take the cat but she was going to be gone on a long trip. The person next door agreed to care for him till she returned. Complicated? Well , imagine the cat, learning the patio to be on for 6 ms and then moving over a patio after that. And we all know he will be just fine. He has a bed which is located, moved, relocated and is always fed and petted. He is rolling with the changing world. Changes are likely and food is important and the weather is wonderful.

This article is written for realtors. Homeowners need to know this also. Will you see it in plain english in the press our local papers, the LA times, NO.  It is informative. Here is the added fact..really bad behavior is going on out there now. Scamming -its like a scam-lord. Some people are pretending to be the leasing agent and take a deposit on a property they have no right to. It is forclosed and they are faking ownership. I spoke to a savvy agent who said..this…if you get a NOD notice of default. Cancel your phone. Get another phone and let your lender know it. People will be calling the old number and going over to your home..Don’t let them in, don’t discuss it with whoever shows up. Get a qualified agent and get some information that way. Otherwise…you don’t know who you are dealing with.  

here is the article 

Senate OKs Foreclosure Bill Minus Cramdown
The U.S. Senate on Wednesday approved a version of the latest foreclosure-prevention plan.

The bill shields mortgage servicers from lawsuits if they participate in federal loan modification programs, making it potentially easier for home owners with a second lien to refinance.

The bill also gives renters of foreclosed properties at least a 90-day grace period before they have to move. Plus, it modifies the Hope for Homeowners program to provide better incentives for lenders to adjust mortgages.

The bill also extends through 2013 an increase in deposit insurance by the FDIC from $100,000 to $250,000.

The Senate version of the bill didn¢â‚¬â„¢t include a provision allowing bankruptcy judges to modify primary mortgages. This cramdown legislation passed the House in March and is considered a key to the Obama administration¢â‚¬â„¢s foreclosure prevention plan. Lawmakers consider it dead in the water.

The Senate and House versions must now be reconciled before President Barack Obama can sign the bill into law.

Source: The Associated Press, Ann Flaherty (05/06/2009)

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REO Bank Owned open houses attract buyers. People who stop by are doing it as First time home buyers, investments,  to help a family member or friend. March 2009 sales were 41% first time home buyers. Banks are lending. South Bay properties in Redondo Beach, Torrance, Palos Verdes, Manhattan Beach and Hermosa Beach actually have some REO listings and…they sell quickly. At my open  houses I post a list of the sold foreclosed properties in each area over the past year. I post all the REO active listings in the local cities. People want to be on the list to receive emails of every bank owned property and they also want to know what is comparable.

I was at a Tom Ferry Focus training event in Long Beach this week and we talked about the growing numbers of regular homes sold, selling and pending sales. One thousand agents all over the countryin the room were selling. Last year out of 50 Thousand California licenced real estate agents only 578 sold over 6 homes.  We talked about working harder and working smarter.  It means getting people qualified by a lender to buy. Most people stopping at the open houses have to get qualified. That is why this website has a wholesale mortgage page. Check it out. When buyers know what their price range is they are ready to shop.  Buyers they need to know they have competition too. Be ready to lose one or more if you see a good value and expect to pay less than asking. Local surrounding areas under 400K are getting multiple offers. Spring 2009 has people out there shopping. Buyers are informed and ready.