Another California Earthquake

Another California Earthquake

Okay, so we had yet another California earthquake today.  It was about 50 miles southeast of my area.  Usually we can feel these quakes, but today, I got NADA, nothing, ziltch.  (Ziltch is a really fun game, by the way.)

A lot of people are scared away from California Living because of the earthquake threat.  But I'm here to tell you, the ones you can actually feel are few and far between.  We have earthquakes continuously, but they are usually under a 3.0 and no one actually even knows they are happening.

As for today's quake, it was a 4.7 and of course there were no reports of damage or injuries... you can read about it via the Washington Post HERE:  

Magnitude 4.7 earthquake shakes wide area of Southern California; no damage reported

And you can research earthquakes by visiting Cal Tech's website.  They show recent earthquakes and have a few pages where you can do some research. Seriously interesting stuff!

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.
Warmest Regards,
Linda K. Mayer, Realtor
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Confessions of a Holiday Blogger

Confessions of a Holiday Blogger

Okay, so here I am in the office... I mean being office manager and all, of course I'm here.  The problem with that is I'm practically the only one.  There's the receptionist and the escrow girl, but other than that, it's really quiet...

I read all of these blogs about Christmas and how busy everyone is, but I guess by now, Thursday, it's all slowed WAY down.  So I'm sitting here thinking that I haven't wrapped a single present, other than the office stuff, and how much I truly have to do before Christmas Eve.  Way to sell real Estate, Huh!

So before I get out of the mindset totally, I just wanted to take a minute to say Merry Christmas to everyone.  And to let you know that I appreciate all the readers I have gathered since I started blogging about the Southern California Real Estate Market. You guys really mean a lot to me.

So I will leave you with one of my favorite Christmas songs ever.  I hope you enjoy.

Flash Mob

CALIFORNIA PASSES IMPORTANT SHORT SALE LAW!

CALIFORNIA PASSES IMPORTANT SHORT SALE LAW


A new bill was passed quietly in Sacramento and went into effect July 15, 2011.  California SB458 expands on a previous short sale law already in existance in California.  It stipulates that with regards to short  sales only, the first lien holder is the only one we now have to negotiate with.  The subsequent loans, including HELOC loans must now forgive all debt after a short sale.  


This may mean that the subsequent loans may want more money through escrow.  However, the law also stipulates that the banks can no longer ask for CASH CONTRIBUTIONS from the seller which is fantastic!  Really, if I have to short sale my home, do I have cash to give to you?  DUH! 

The other downside I can see is if the homeowner has the first and second with the same bank.  The bank will either  try to negotiate a crazy price or simply foreclose and not deal with the short sale altogether.  This should help with the time it takes to complete a short  sale.  Hopefully, as the word spreads among the real estate community, the short sale process will begin to speed up and we will no longer have buyers backing out  because of the time-frame.  YEA!   


This law does not apply to foreclosures, unfortunately.  It  seems to me that those people need the help, too.  Maybe  even more than the people willing to short sale.  Anyway, good information for home sellers and homer  buyers alike! 


CALIFORNIA LIVING!

Warmest Regards,
Linda K. Mayer,

A Realtor you can Trust!
(626) 824-8927 Cell