Dina discusses why you need title, how it proctects your, and what the specific benifits that Fidelity can offer. In addition, Dina shares some tips and tricks that all investors should know about from buying binder polices to a new short sale program that Fidelity will be lanching in the next couple of months.

In the news, Fannie Mae is releasing a significant amount of foreclosed properties to investors to purchase as rentals. For more information visit www.homepath.com.

The numbers, Adam talks about the numbers for the week and what is going on today with the Long Beach Real Estate market. As it stands in Long Beach, listing prices are increase, sale prices are decreasing and days on market jumps closer to 100 days.

Lastly, the deal of the day. Adam pitches a multi unit property that will be coming on the market in the next couple of weeks. Mark presents a couple of properties that HUD is featuring which is a duplex and a new single family residence in Aircraft Manor.

Thats the show folks.

To speak with Dina directly, please visit her website at www.dinaparsons.com.

And as always, visit our website for more information regarind the Long Beach Real Estate market at www.shandrowgroup.com

They also discuss the upcoming HUD Buyer Training Seminar at the Petroleum Club on 1-28-12 at 3:00 PM.

You can register here:  http://buytoday.eventbrite.com/

Please “Like” and comment.

Here is some more great information on FHA loan requirements:  http://wp.me/pvU7i-10A

Yeah, we know.  It has been a long time since we did a radio show for Living Long Beach.  The good news is we are making a commitment for 2012 to do at least one show per week.  In the upcoming new year, we are going to focus on bringing in more guest speakers and learning all about our local Long Beach real estate market.

Happy Holidays!

On a somber note, we would like to send our condolences to Teri and John Kelsall from Lakewood, who recently lost their son, Lt. Commander Jonas Kelsall, a Navy SEAL, when his helicopter was shot down in the Tangi Valley. Our deepest thoughts and condolences go to his family for the sacrifice they have made for our country. If you would like to show your support, in lieu of flowers or gifts, The Greater Lakewood Chamber of Commerce has set up an account for the family’s travel expenses at Gateway Business Bank in Lakewood.

On an economic note, Standard & Poors did it, they lowered the American credit rating. What does this mean to you, nothing really. It this recent economic crisis has taught us anything, it is credit is bad, cash is king. Unfortunately, someone forgot to tell the US Stock Exchange, which dropped significantly after the report was announced.

THE NUMBERS
Nothing too shocking in this weeks numbers, other than Adam can’t remember what week he is in.
Active Listings 1282 +9%
Average Price 470K -1%
Total Sold 46 -30% – Typical for the first week of the month
Lowest Price 80K 0%
Highest Price 2.1M +56%
Average Price 434 +19%
Days on Market 79 +1% – Hey, still below 100

In summary, prices are falling but the market is still competitive and homes in Southern California sell quick.

Now onto our guest, Holli Applegate who has been a title rep for 22 years and has been with Old Republic Title for the past two and half years. Mark and Holli have worked together for over five years and through our experience has been a source of information and local resources. Today Holli discussed the senate bill SB 458 which was signed on July 20th. If you are a home owner with a second loan, you are defiantly going to want to hear what Hollie has to say, and how this may benifit you, especially if you are in the middle of a Short Sale.

Hollie also brings some great stories of how is an issue in today’s REO market, and how you can protect yourself against it. Another must listen, if you own a home.

When was the last time you checked to see if you still own it? Better give us a call.

Of course it wouldn’t be a show with out the Deal of the Day, where Adam and Mark, Lisette this time, present properties that they feel are a strong buy, for one reason or another.

Deal of the Day
310 Olive Ave, 3 Long Beach Listed at $189,900
This is a great two bedroom, one bathroom condo located in the Arts District of Long Beach. Hardwood floors, modern fireplace and some upgrades in the kitchen.

Adam complained that he isn’t getting enough calls on the Deal of the Day, so he is turning into the “A-List”, which a personal hand picked selection of homes which are perfect for investors, either holding or flipping.

820 Spruce Street, Compton
3/1 1,005GLA 5,000sqft lot 1 – Garage Listed at $185,000 24 DOM
Ready for the 1st reduction in price

22426 Elaine Ave, Hawaiian Gardens
2/1 610GLA 2,501sqft lot 0 – garage Listed at $100,000 11 DOM
CASH ONLY

5137 Los Flores Blvd., Lynwood
3/3 1,814GLA 7,200sqft lot 2 – garage Listed at $236,000
Un-permitted work,

This is just the beginning of the A-List, each week we will be adding more properties and details to you can determine if they fit your investment model.

The thing is, you might not be able to tell if you are looking at a great house at a bargain price. That’s what we’re here for. We match people with places. The right places.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com

We are also live now on iTunes. You can now subscribe to Living Long Beach.
Holli can be reached at holli.applegate@gmail.com or via phone at 562-355-1643.

But first the team reviews the numbers for August and talks about what is the current trend and what is going to happen over the next couple of months.

July Numbers for single family residential properties in the City of Long Beach.

New Homes on the Market 419
Average List Price $380,689
Homes Sold 236
Average Price $346,880
Avg. DOM 87

As the numbers indicate from previous month and prior year, the market appears to still be contracting, and will most likely continue this trend for the rest of the year. The good news, it is a great time to buy, prices are low and competition is lower, so if you waiting for the right time, that time is now.

Now onto the main topic, The Life of an REO Property. There are numerous mis-perceptions out there about the life cycle of REO property and what the Listing Agent has to do in order to sell the properties. This segment, we cover both a time line and action plan for an average REO property from our possession to yours. Some of the points that are covered are Cask for Keys, how we determine pricing and what has happened to that property before it gets listed on the market. Probably the biggest surprise to most listeners will be the length of time it takes to move an REO property through the pipeline and into the possession of a new home owner.

This is sure to be one of our most riveting shows, so tune in and leave your comments.

We match people with places. The right places.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com
We are also live now on iTunes. You can now subscribe to Living Long Beach.

News: Not local but still important the Big Lebowski’s home is for sale and due to its Hollywood fame is likyl to nopt stay on the market quick. In other news La wants a football team again and is brain storming ideas for the location also who will be there team?

Guest:Robert Strausas Account Executive at Advantage Title 365 has come to the Shandrow group to talk about titles and title insurances, What they do and why you need them. Adam and Noah probe Robert for all the information they can get and leave him drained.

Deals of the Day:
Address 1939 E Hardwick St Long Beach California 90807
this is a very good looking house in the nice area of Bixby Knolls a 3 bed 2 bath for only 250,000. it has been on the market for 127 days so the seller may be willing to negotiate.

Address 5563 Lime Ave Long Beach California 90805

Another house to die for only 245,000 and a duplex. For those of you looking for a new house and in the mood to rent out the back this is calling your name but hurry it has only been on market 11 days and is bownd to go fast.
The thing is, you might not be able to tell if you are looking at a great house at a bargain price. That’s what we’re here for. We match people with places. The right places.
If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com
We are also live now on iTunes. You can now subscribe to Living Long Beach.

Robert Strausas can be reached at Robert.strausas@title365.com or 7146625486

David Jalbert
NationStar
949-290-3593
david.jalbert@nationstarmail.com

This weeks’ news: Congrats to Seal Team 6 for ending the decade long hunt for public enemy No. 1.

Weekly Numbers for May 1st. Active Listings 1084, -2%
Average Price: 438K, 0%
Total Sold: 62, 13%
Lowest Price: 90K, 38%
Highest Price: 638K, -54%
Average Price: 265K, -27%
Days on Market: 105, 17%

Guest Topic:David talks about what current interest rates are, the factors that impact getting a loan, and what you need to have to recieve financing. Believe it or not, there are still a couple of ways to get into a home with no money down.

David also discusses the basic requirements to get a loan and how some of the lending practices have changed over the past several years.

Mark’s Deal of the Day: 2430 Dollar Street, Lakwood, CA 907123
3 bedroom, 2 bath, Sqft. 1,214
Beautiful pool home in Lakewood Mutual part of Lakewood. This HOMEPATH approved home features hardwood floors, granite counter tops, french doors, detached two-car garage, new paint, and great landscaping. The master bedroom has an en suite bathroom with Jacuzzi style tub and french doors. The guest bathroom was newer upgrades including a soaking tub and natural colored tile.

2828 Freckles Rd, Lakewood, CA 90712
3 bedrooms, 1 bath, Sqft. 1,210HUD Home. Charming ‘original condition’ Lakewood home featuring three bedrooms and one bathroom with a large backyard. The living room has hardwood floors, carpeting and three large windows. The kitchen features stainless steel counter tops, recently painted walls/cabinets, and attached laundry room. Home is located on a quiet neighborhood street within walking distance to numerous schools, parks and stores. Lead Based Paint Disclosure attached.

641 Brocton Ct, 102 Long Bech, CA 90803
3 bedrooms, 3 bathrooms sqft 2090
Popular ‘Portofino’ model home with excellent location in Bixby Village. This wonderfully appointed home sits on an elevated lot with an oversized patio overlooking a greenbelt. The floorplan features both a family room, den/office and a fireplace in both the living room and family room. The recently upgraded kitchen has granite countertops, wine fridge and bar style seating.

If you are interested in homes in the Long Beach  / Los Angeles County house, call Adam or Mark at 800-804-9506.

The thing is, you might not be able to tell if you are looking at a great house at a bargain price. That’s what we’re here for. We match people with places. The right places.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com

We are also live now on iTunes. You can now subscribe to Living Long Beach.

Great intro, thanks to our outsourced help – our virtual assistants.

We really think our show should hit the road this spring.

Living Long Beach doesn’t feature a guest this week, so we’re delivering a short version of our usual format.

The Long Beach real estate numbers for the week ending March 20th: Active listings: 1255. Average listing price: $424,000. Total properties sold: 41. Lowest price: $60,000. Highest price: Just under $1,000,000. Average Sell Price: $313,000. Days on market: 129.

Days on market has been steady at more than 100 days for the last few months.

We’re seeing a diversification in the way investors and consumers are purchasing homes. Some people are taking advantage of FHA.

But if you don’t want to wait for financing, you can always jump in with cash.

In the entry level market, where people are buying homes with FHA (from $175,000 to $300,000), the property must be approved and have the value set appropriately before they receive approval.

In the investor market, where investors can buy the property in any condition, more people are seeking 203B loans.  With 203B loans, you can request additional funds to improve the property after purchase, as well as receive prevailing interest rates, and give money to the contractor directly. Essentially, you are using your 203B loan to finance your repairs.

You can rehab a house for $10,000. And this might be the answer.

As a family, you can purchase a great home, without scaring away your agent, with 203B and repair escrow.

We’ll have more information about 203B loans on the Shandrow Group website.

Mark’s Deal of the Day: The first is an Aurora property at 1624 West Boulevard in Los Angeles, and we just listed the house at $253,000. We re-evaluated the property using the new guidelines and we determined it would be a great property for a 203B loan.

Adam’s Deal of the Day: It’s a3 bedroom, 2 bath, 1,000 square foot home on a 5,300 square foot lot in West Side Long Beach. The property is listed at $255,000. It has some recent upgrades and renovations, and it’s an FHA eligable home. If you are interested call Adam at 562-206-2481 or email him at adam@shandrowgroup.com.

Mark’s Second Deal of the Day: This a pool home. We don’t often get Faninie Mae pool home. And the pool isn’t green. The price is $379,900 and the property is located at 2480 Dollar Street. There is actually a Youtube video of the property. Just search the property on Youtube. If you can’t find it, email us.

Mark also shares a story about how his newsletter helped him connect with past clients in their time of need. Even when they move to another state.

If you are interested in homes in the Long Beach  / Los Angeles County house, call Adam or Mark at 800-804-9506.

The thing is, you might not be able to tell if you are looking at a great house at a bargain price. That’s what we’re here for. We match people with places. The right places.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com

We are also live now on iTunes. You can now subscribe to Living Long Beach.

I hope you enjoy the show.

Thank you,

Mark Shandrow
Real Estate Broker

It’s our first show of the new year.

We have a good show today. We’re joined by Neal Pilon and Fausto Relis from Bank of America. Also, Dianna Medina, one of our Buyer Agents steps in to chat with us for a bit as well.

They’re going to be talking to us about how homebuyers can get some of Obama’s money.

But first, let’s get to the numbers.

The Long Beach real estate numbers for the week ending Jan 16th: Active listings: 1,188. Average listing price: $397,000. Total properties sold: 39. Lowest price: $75,000. Highest price: $849,000 a drop of 58% from last week. Average Sell Price: $299,000. Days on market: 100. Not even the high end homes are selling.

The Long Beach real estate numbers for the month of December: New homes on the market: 307.  Total properties sold: 242.  Average Sell Price: $338,000. Days on market: 83.

The is issue is financing, which we’ll get into with Neal and Fausto.

Our guests also discuss some exciting news from Bank of America concerning pre-approvals and new home loans for Long Beach homebuyers.

Tune in to find out how to get financing from Bank of America.

You’ll want to know how to get this golden ticket, believe me.

The big question is, “How much money do I need to buy a house?” They answer this question too.

You don’t want to miss it.

Will you get a higher or lower interest loan from Bank of America?

They answer this question too.

To find out more about the Bank of America Platinum Program download the Platinium Program flyer.

If you are interested in applying for the program, read the Platinum Program guidelines.

You can reach Fausto at fausto.relis@bankofamerica.com or (949) 257-7512 and Neal at neal.pilon@bankofamerica.com or (714) 206-5521

If you want to meet Fausto, you can join him at our FREE Catered HUD Home Buying Seminar for Agents and Buyers happening in one week.

Adam’s Deal of the Day: Adam has been looking at 1140 Melino Ave, Long Beach, CA, listed by Rob Buckin from Remax. It’s a 2 bedroom, 2 bath, 680 square foot condo with tons of upgrades, a balcony and two parking spots. Its listed at only $90,000.

Mark’s Deal of the Day: Mark’s deal of the day is a brand new Shandrow Group listing at 3448 Hathaway Ave # 141, Long Beach, CA. The Fannie Mae Homepath condo is 540 square feet offered at $179,100.00 It’s in the Palms area of Redondo, right off Signal Hill.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com (800) 804-5266

We are also live now on iTunes. You can now subscribe to Living Long Beach.