Is That Rental in Foreclosure?

More “accidental” landlords are surfacing as home owners turn their underwater homes into rentals to try to come up with some extra cash. But some of these accidental landlords are still unable to keep up with their mortgage payments and may become delinquent on their mortgage. So what’s this mean for the person renting their property?

Some renters may suddenly be served with an eviction notice when they discover the property they are renting is being foreclosed upon, and only having days to vacate.

One new Web site, CheckYourLandlord.com, allows renters to check rental properties in the U.S. to see if there are any notices of default filed against the property.

Renters, or real estate professionals who represent them, can also stop at the county recorder’s office to check the status of a property.

Source: Marketwire

Housing Market May Be Nearing a Bottom

For the first time in a long time, housing figures are coming in better than expected. The National Association of Home Builders’ sentiment index jumped three points this month to 20, its highest reading in over a year…
WSJ

http://online.wsj.com/article/SB10001424052970204517204577046490242468160.html

What’s happening in Redondo Beach…

Their are 101 single family homes for sale… http://www.mrmlsmatrix.com/DE.asp?k=251793XSBJB&p=DE-90124981-871

Their are 158 Condo’s and Townhouses for sale… http://www.mrmlsmatrix.com/DE.asp?k=251793XSBJB&p=DE-90125205-630

Their are 116 Properties in escrow right now… http://www.mrmlsmatrix.com/DE.asp?k=251793XSBJB&p=DE-90125218-593

Over 166 properties have sold in the last 3 months! http://www.mrmlsmatrix.com/DE.asp?k=251793XSBJB&p=DE-90125321-263
Interest rates are at all time lows!

Need Help buying or selling in Redondo Beach?

If you are looking to buy or sell real estate in Redondo Beach or anywhere in So. California, give me a call. I am with RE/MAX Palos Verdes Execs, the company with the most market share in the whole South Bay area from San Pedro to Beverly Hills! I have over 22 years of experience and can save you money. I have many references. Sellers: Please google my name: Jack McSweeney, and see the exposure I can get you on the internet. If you are a buyer, I hear about properties not on the MLS all the time or you can see properties on the MLS at http://SoBayCalMLS.com . Also see my main webpage at http://JackMcSweeney.com . I am here to help you. Call me now at 310 346-0391, if I don’t answer, I will return your call within 15 minutes. EXPERIENCE… It works Everytime!

Open this weekend- Duplex on Ave F – 1-4pm

Come and see this brand new duplex at 412 Avenue F, Redondo Beach
The front unit is 5 BR, 4BA in almost 3100 sf and the rear unit is 4 BR, 3 BA in almost 1800 sf…
See you there! Jack McSweeney, CDPE, SRES, e-PRO 310.346.0391

For sale: brand new duplex

The address is 412 Avenue F Redondo Beach, CA
This is a new duplex. The two units are big! The front is almost 3100 sf with 5 BR, 4ba and the rear unit almost 1800 sf with 4 BR, 3 BA.. Call me to preview.. 310 346-0391, jack McSweeney

How Much Down Payment Is Enough to Buy A Home?

http://realtytimes.com/rtpages/20110708_down.htm

Most people agree that buying a home without a down payment is a risky decision and soon it might not be an option. As the crippled housing market is beginning to see signs of improvement, lawmakers and key housing industry agencies are debating exactly how much down payment should be required. (See article at link above…

Realty Times

 

Home Owners to Congress: Leave MID Alone

More than half —53 percent —
of home owners recently surveyed say they want
Congress to leave the federal tax credit for home owners alone, according to a
recent opinion poll at HousingPredictor.com. Those surveyed also say they want
Congress to instead focus its efforts on instituting other tax advantages to
stimulate the real estate market.

Some congressional leaders have raised the issue of trimming the mortgage interest
deduction as a way to increase federal taxes and alleviate the ongoing budget crisis.

The mortgage interest deduction allows home owners to write off the mortgage interest and state taxes paid as
itemized deductions on their personal federal income taxes.

The National Association of REALTORS® has strongly opposed any
cut to the mortgage interest deduction and has lobbied Congress to protect it.
For the latest, visit REALTOR.org.

Source: “Majority of Homeowners Want Federal Tax
Credit,” American Banking News (May 2,
2011)

NEW LISTING ON THE “AVENUES”..

FOR SALE: 223 Avenue C, Redondo Beach, CA., 90277

3 Bedrooms, 1.75 Bath in about 1250 SqFt (Verify) on a 6,006 Sq.Ft Lot (Assessor)

$879,000

Cal Me: Jack McSweeney – RE/MAX EXEC Redondo Beach 310 346-0391
http://223AveC.com

6 Ways to Squeeze Out Better Gas Mileage

With gas prices topping $4 a gallon, real estate professionals who use their car frequently for work are looking for ways to get as much as they can out of every gallon.

Here are some tips for getting better mileage out of your car:

1. Slow down: Most cars get the best gas mileage at 45-55 miles per hour. Driving faster than 60 mph actually can cut gas mileage anywhere from 7 to 23 percent.

2. Don’t idle: If you need to wait longer than 20 seconds, you’re better off turning off your engine than keeping your car running. Restarting the car requires less gas than leaving it idling.

3. Lose the heavy load: Make sure you’re not carrying in your car more than what you need. An extra 100 pounds sitting in the trunk or back seat can reduce fuel economy as much as 2 percent.

4. Tighten the gas cap: Fuel can evaporate through gas caps with broken or weak seals. Loose or broken gas caps can cost you a loss of about 2 percent in your gas mileage.

5. Close the windows and turn off the AC: Driving with the windows open or the air conditioner turned on can be big gas wasters. Instead, the most efficient way to keep the car cool is by using the air that comes in through your flow-through ventilator.

6. Get an oil change: Improve your gas mileage by as much as 2 percent by using energy-conserving or synthetic motor oil, which can reduce engine friction.

Source: “10 Tips to Improve Your Vehicle’s Fuel Economy,” RISMedia (March 17, 2011)

http://www.realtor.org/RMODaily.nsf/pages/News2011032105?OpenDocument