There is a new bill currently making its way through the California State Assembly – AB 1511. AB 1511 would make it mandatory to disclose if any residential property is located within 2,000 feet of a gas transmission or hazardous liquid pipeline as depicted in maps by the National Pipeline Mapping System (NPMS) and Geographic [...]

GFCI stands for Ground Fault Circuit Interrupt. These are the circuits in your home with the black and red buttons on them that make a snapping sound when the circuit has been tripped. You will usually find them in the bathroom, kitchen and on exterior outlets. So how come I need to have them in [...]

On Monday, March 12th, the proposed Settlement documents were filed in Federal Court revealing what each of the Lenders is required to do. You can read the details at http://nationalmortgagesettlement.com/. How they’ll meet those obligations is critical to upside down homeowners. Those details are slowly emerging through analysis, press-releases, and side deals. Here’s what you [...]

Here is more news you can use: The “foreclosure wave” many predicted at the end of last year is beginning to look more like a drought, as foreclosure sales dropped significantly in February. Although sales to 3rd Parties, typically investors, were down month-over-month, as apercentage of all sales 3rd Parties purchased a record 37.6 percent [...]

There has never been a better time in my lifetime for you to buy a home. No kidding. The opportunity is extreme. If your situation fits, don’t miss the opportunity. Extreme home buying opportunities abound | www.clarkhoward.com.

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As reported in DSNews.com, government officials have announced changes to the administration’s Home Affordable Modification Program (HAMP) which are expected to extend relief to a larger share of struggling homeowners as well as renters, according to federal officials. One of the key adjustments to the program centers around principal reductions. HAMP currently includes an option for servicers [...]

Homeowners with underwater mortgages or those who owe more on their homes than their properties are currently worth dropped in the third quarter in the U.S., according to real estate data firm CoreLogic. The decline, however, was marginal falling to 10.7-million residential homeowners, which is 200,000 less than the second quarter of 2011. Another 2.4-million [...]

Recently I have been asked about recourse and non-recourse loans. I am not an attorney and any information concerning your situation should be reviewed with an attorney. That being said, here is what I understand concerning Mortgages. In California, purchase money loans made on your home are non-recourse. (Roseleaf Corp. v. Chierighino, 59 Cal. 2d [...]