Lynne Pope

Where is bottom in the South Bay?

popelynne — Mon, 17 Nov 2008 16:24:38 +0000

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

This is good news! I just had to share it….

News of the day! They said it…..This is what they said….

“Daily Real Estate News | November 12, 2008

These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

Seattle
Raleigh
Des Moines
Philadelphia
Denver
Birmingham, Ala.
Salt Lake City

Source: SmartMoney (11/01/

Where is bottom in the South Bay?

popelynne — Mon, 17 Nov 2008 16:23:38 +0000

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

This is good news! I just had to share it….

News of the day! They said it…..This is what they said….

“Daily Real Estate News | November 12, 2008

These Cities Are In Line for a Rebound
Have we reached bottom? In many cities, knowledgeable observers say yes.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

Seattle
Raleigh
Des Moines
Philadelphia
Denver
Birmingham, Ala.
Salt Lake City

Source: SmartMoney (11/01/

Twitter Updates for 2008-11-16

popelynne — Mon, 17 Nov 2008 06:59:59 +0000

@googletutor wonderful to find you.everyone needs you #SMWW #
just got buyer a short sale. Sold one short sale. Found great short sale relationships + REO in RHORS #
Redondo Beach -eyes watering from fires in CA. Santa Barbara friends ok, Montecito on alert. leave or stay. if you go you dont get back! #

Redondo Beach -eyes watering f…

popelynne — Sun, 16 Nov 2008 10:35:42 +0000

Redondo Beach -eyes watering from fires in CA. Santa Barbara friends ok, Montecito on alert. leave or stay. if you go you dont get back!

just got buyer a short sale. S…

popelynne — Sun, 16 Nov 2008 10:27:11 +0000

just got buyer a short sale. Sold one short sale. Found great short sale relationships + REO in RHORS

@googletutor wonderful to find…

popelynne — Sun, 16 Nov 2008 10:04:33 +0000

@googletutor wonderful to find you.everyone needs you #SMWW

Dry Carpet Cranberry cleaning stain solutions

popelynne — Fri, 14 Nov 2008 17:00:34 +0000

Cranberry and Thanksgiving are as common as family meals and spills. Scrape off as much as you can with a spoon. Spray slightly with water and blot with a folded white towel. Don’t rub.
if stain is moving to towel ocntinue and if not add 1/4 tsp of dawn or joy dishwashing liquid to 1 quart of water and repeat- spray and blot. If the stain is less but still visable dip a Q tip in a 3% solution of hydrogen peroxide. Test an area for color fastness and dab the stains. repeat as necc.

Lipstick…saturate a cotton ball in rubbing alcohol and apply to the stain. Put a towel underneath if possible and dab gently till the stain is wet. blot with a dry towel dab with cold water moving from the outside of the stain to the inside. Blot with a dry towel. I use Dry Carpet method cleaner Maria Brown 310-303-9701. She cleans all the local schools as kids need to crawl around on the carpet and it is free of chemicals.

USA Gvt. to name a federal TECH chief

popelynne — Fri, 14 Nov 2008 16:51:40 +0000

Will wonders ever cease. The Government will likely have a Federal Tech Chief. Want to know more? Websites buzz from Seattle software firm Front Seat at ObamaCTO.org.

WHO’s WHO

Julius Genachowski is thought to be front runner among Eric Schmidt chief exec of Google Inc.
(who says he is not interested) and Vint Cerf who helped develop the internet and is at google, Shane Robison chief Tech officer at Hewlett Packard Co. It is nice to see the very big names considered. This info is from Kim Hart who writes for the Washington Post.

I am sure there will be someone in that capacity. After all, the internet was the vein of gold for the Obama victory in 2008.

MORTGAGE NEWS!!!!

popelynne — Sat, 08 Nov 2008 13:50:32 +0000

As a professional Realtor I study the market trends, homes and Mortgage information. This is absolutely urgent! Buyers need to know how this will affect the monthly payment on the home they want. The bottom price, the bottom of the market will be the difference in the loan package. If you are shopping above 629K then this info is critical to your purchase power.
We pay the top coaches just like every athlete in any major sport. Realtors who are serious about staying on top of the market, the industry are still getting coached. This article came to me from my Tom Ferry coaching group.
Author is ….Keith K AKadu LIC # 510-LO-31808

“Breaking NEWS!!!

First AGENCY JUMBO LOANS, drop dead funding date is December 15th.
What does this mean if your client has a loan above $417,000 to $567,500 get them closed before the 15th.
Why? The stimulus package comes to an end until the Obama’s financial advisors come up with a new plan.

Last big change in underwriting guidelines! Debt to Income ratios have been pulled back to 45% as a standard no matter what the computer system says. This is in full force December 15th.

How does this affect you and your clients. If you client who has a loan not funded after December 15th and was computer approved with a debt to income ratio above 45% stands the chance of having their loan declined. This is very important to protect your listings!!!!! Ask for updated approvals if your closing date is beyond the 15th. THIS IS A FANNIE AND FREDDIE RULING! Don’t let a uniformed loan officer tell you otherwise. Unless they are going to guarantee funding from their own pocket book!

I have also attached the National Matrix which reflects the new loan conforming loan limits in 2009, some areas have been increased so search for your state and county to make sure.

This is very very important to understand to protect seller and buyers!!!! ”

Two for sale Which is BEST?

popelynne — Sat, 08 Nov 2008 13:25:34 +0000

Two on a lot, back to back. North and South, Huntington Lane and Perkins. This week I held a brokers open house. It is so new the landscapers were putting in plants as I put up signs. Neighbors came first. They had been waiting for this day. They came in pairs usually. Today was no exception. I love to know their thoughts to take back to the Builders. Two friends came before they left for work. They carefully walked through each unit. They wondered if one of the bedrooms would be too small for a Kingsize bed since it had an unusual shape. I told them yes but they couldn’t see it. So I stepped it off with my feet and they still could not be convinced. I lay down on the floor to show the length and they were absolutely amazed. I left lots of headroom for pillows and headboard and still there was way more room than they thought. It really proved that empty rooms can be misleading as to the final size of furniture and space.

We had a good laugh as they helped pull me up and I dusted off my clothing. They loved the fact that the downstairs bath had a shower. So often it’s just toilet and sink. This would be great for the downstairs bedroom when guests visit. So we went to the rooftop deck. They loved the views. After all was searched toured and examined they decided which was best and convinced me. The Perkins side of the property faced Palos Verdes hills, it got the most afternoon sunshine and it just glowed as we stook there at 2 pm. We knew the other got the morning sun and had lots of great points. Yet we loved that Perkins sunshine. Come see it. 2620 Huntington Lane Redondo Beach. It is south of Artesia and West of Inglewood Ave. Only a mile from the Inglewood Bl exit at the 405 freeway. It is so fun to see. Balconies off each bedroom, patios and decks. The builder brought the outside in for a true California Sunny Home! Open House tours this weekend!