Tuesday, March 31, 2009

C.A.R. Housing Affordability Fund Mortgage Protection Program


Thursday, April 2, C.A.R. will launch a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.

Through the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP), first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a reduced monthly benefit of $750 per month for up to six months in the event of a job loss. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.’s Housing Affordability Fund is dedicating $1 million to the program this year, and estimates that as many as 3,000 families will benefit from the program throughout 2009.

To qualify for the Mortgage Protection Program, applicants must:

. Be a first-time home buyer – someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)

First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®.

The Mortgage Protection Program is a proactive approach by C.A.R. to address consumers’ concerns about the real estate market and their ability to make their mortgage payments should they loose their jobs. I encourage you to take full advantage of this new program by sharing information about the C.A.R.H.A.F. Mortgage Protection Program with your clients. There is no cost to either you or your clients to participate.

Sunday, March 29, 2009

The Most Expensive Home For Sale.

Spelling Mansion on Market for $150 Million
By: Diane Tuman, Zillow Content Manager March 27, 2009

Located in the Westwood section of LA at 594 S Mapleton Dr, Los Angeles, CA, the home is said to be the most expensive home for sale in the U.S.

Home Info

Public Facts:
Single family
11 beds
16.0 bath
52,503 sqft
Lot 56,628 sqft
Built in 1990

According to Zillow, the Monthly Payment: would be around $ 646,670.00


Wednesday, March 4, 2009

A Dairy Confession of The Lady House Seller

Are you smiling when you read the title of this topic on my Real Estate News & Views.

I have been posting someone else news and views for several years. I have a writer's block and I can not think and write at the same time. I can take a car for a long drive in the country by myself, on the freeway and I can really think but I can not think of anything to write when I am sitting down with my laptop to write something on.

I have no idea how any real estate agent can write a long article and write daily on their BLOG as well as posting messages on Facebook, participate on the forums on Active Rain etc.

After a long day dealing and working with tons of paper in this real estate business.
I only have 15 active clients, 5 of which are sellers and 10 are my buyers but my clients
already keeping me very busy.
I am not complaining but I am exhausted at the end of the long day.
Still I was told that Blogging is a must if I am going to survive in this business so,
I have to BLOG. However, I have been on the internet for over 15 years or so.. or more? So why can I not write something of my own on the BLOG?
(I bought my first PC in 1985 and I used to log into the BB# to talk to the SYSOP.. was that the internet? lol )

So there you go... Come back and visit my BLOG again and I will give you a real treat!

Good night sweet dreams ... for now.......................................


Tuesday, March 3, 2009

A House Is A Home.

Cave House

Kitchen In The Cave House

Cave dwellers can't refinance; put home on eBay
Dig the idea of living in a cave? A Missouri family did, too — until they spelunked themselves into debt building a three-story cave dwelling during the housing downturn.
By The Wall Street Journal

December 15, 2008, 2:35 pm
‘Spaceship House’ To Be Auctioned in Tennessee

Courtesy of Crye-Leike Auction
Sushil Cheema reports:

Caren Alpert for The Wall Street Journal

The Palmazes built a huge underground complex for their winery in Napa. Wine is barreled and aged in the tunnels pictured above.

Napa, Calif.
The land just below Mount George here is covered in Cabernet grapevines and dotted with oak and olive trees. On one side of a steep slope sits an arched door -- a rabbit hole for people.
Open it, and the world falls silent. Dampness hangs in the air. A tunnel leads deep into the earth until suddenly the ceiling opens up, revealing a huge domed room, 55 feet high and 75 feet wide. This is the heart of the Palmaz Vineyards winemaking operation, and more akin to Willy Wonka's chocolate factory than a Napa Valley wine cave.