Lacbor - Los Angeles County Boards of Real Estate

10/29/2011

There are two questions on everyone’s minds surrounding the new HARP or HARP Phase II:
1. Will it work this time?
2. Do I qualify???
To the first question, it's widely known the original Home Affordable Refinance Program (HARP) rolled out in 2009 to help struggling homeowners refinance their home wasn’t a huge success. The...

janulamp | HARP, Home Affordable Refinance Program, Mortgage

10/28/2011

On October 21, 2011 at around 11:30 pm (eastern time), the Senate voted to include an amendment sponsored by Senators Menendez (D-NJ) and Isakson (R-GA) in the Transportation – HUD Appropriations Bill that would reinstate conforming loan limits to 125% of the median area home price capped at $729,750. The amendment required a...

janulamp | C.A.R. News, Conforming Loan Limits, Legislation, N.A.R. News, Organized Real Estate

10/04/2011

Check out these great pictures from LACBOR'S Legislative Day that Robert from the Downey Association of REALTORS® shared with us.

Rmcwilliams1821/Real Estate Events/LACBOR Meeting Los Angeles Sept 9 2011 Photobucket album

09/20/2011

Our September 9 Legislative Day and Real Estate Fair was a success! It was educational --- as exampled by Ari Telias' presentation on graffiti. It was also informative --- demonstrated with speeches by Dan Rosenfeld on transportation issues and by John Noguez on Proposition 13.
Every year LACBOR brings key speakers to the Real...

janulamp | Education, Organized Real Estate, R.E. Events

09/04/2011

LeFrancis Arnold | Uncategorized

09/04/2011

Several things come into play in my thoughts as I reflect on many of the recent events surrounding my life, my business, and my family. My friend, the Congresswoman Maxine Waters, was recently on television encouraging President Obama to help create job opportunities in urban America because unemployment among African Americans is up...

LeFrancis Arnold | Uncategorized

08/08/2011

For release:
June 23, 2011
Drop in conforming loan limits would raise cost of housing financing, hamper housing recovery
LOS ANGELES (June 23) – More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed ...

janulamp | C.A.R. News, Legislation, Mortgage

08/08/2011

What do we ask of you? Let me tell you. It will affect 47 million middle-class Americans who have a mortgage. It will affect the home prices of 75 million Americans who own their home. It will affect the neighborhoods and communities built on home ownership.
So what am I talking about?
We need you — our 1 million members of the...

LACBOR Community | Interest Deduction, Mortgage

08/08/2011

For release:
July 15, 2011
CALIFORNIA ASSOCIATION OF REALTORS® applauds Gov. Brown on signing SB 458 into law
LOS ANGELES (July 15) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender ...

janulamp | Organized Real Estate, Short Sale

08/08/2011

Please see the e-mail below regarding Governor Brown's signing of SB 458. As you can see, this new law provides that any lender who accepts a short sale must accept the payment as full payment of the seller's debt. This has been the law with regard to first lienholders for a while, but this statute extends that protection to...

janulamp | Organized Real Estate, Short Sale