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Real Estate Agent - HomeSmart, Evergreen Realty
Real Estate information for Orange County & Southern California homes and properties. Articles with local character and current real estate news and trends.

ARCHIVED BLOG POSTS

2008 

The U.S. antitrust lawsuit filed against the National Association of Realtors in 2005 and parties involved have reached a proposed settlement as of May 27, 2008.  The settlement calls for the adoption of a new online listings policy. The lawsuit had challenged the NAR policies governing the onlin...
05/28/2008
Our U.S. Congress and Senate Should Pass Permanent Federal Housing Administration Reform Legislation.The time is now for the US Congress and Senate to pass permanent Federal Housing Administration reform legislation if we are to give American homebuyers and homeowners the peace of mind they need....
05/27/2008
Vote YES on CA Proposition 98 in June 2008 Election Vote YES on Proposition 98 and NO on Proposition 99 in the June, 2008, election.Proposition 98 will limit the ability of local governments to use eminent domain to seize private property and give it to other private entities. Proposition 98's op...
05/24/2008
Some people say we are starting to experience some home sales stability. DataQuick Information Systems released its report on May 19, 2008, and said sales units in OC, California, totaled 2,166 in April, 2008, the first time they were above 2,000 homes a month since the market crisis started.Duri...
05/22/2008
Most HELOC loans (home equity line of credit) are indexed to the bank prime loan rate. When the prime rate changes, the rate on your HELOC will change also.When prime increases 100 basis points (one full percent) the home equity line of credit borrower pays more in interest costs.If you make mont...
05/21/2008
Property Owners, Sellers, Buyers, and Realtors, should fight against any proposed California state-mandated audit law requiring time-of-sale energy efficiency audits.CA Assembly bill 2678 was introduced in Feb. 2008, has been passed out of committee. This bill would require California Energy Comm...
05/15/2008
It's interesting that in Orange County, California, during April, 2008, buyers took foreclosure homes off the bank and lender hands at trustee sales for 21.5% less than the amount owed. One year ago during April, 2007, the banks and lenders weren't so interested in discounting at trustee sales. P...
05/14/2008
The good news during April 2008 from the National Assoc. of Realtors is that it is considering new rules for listing and advertising of short sale and distressed properties. It's about time.Rules must be made and followed regarding listing of these properties with the MLS services.  The rules sho...
05/08/2008
You might owe more on your notes secured by a first deed of trust and on the note secured by the second on your home.What do you do?Here in California we have the ONE ACTION RULE, the law preventing lenders from both foreclosing and suing you on the note.  If the lender chooses the non-judicial f...
05/07/2008
A man contacted us a week ago about his predicament. He and his wife had entered into an EQUITY SHARING AGREEMENT with a mortgage broker during 2006 to buy a home in South OC, California. This family made payments to the mortgage company as rent on the agreement. The mortgage company in turn made...
05/03/2008
Rainmaker
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Harrison K. Long

REALTOR , GRI, Broker associate, Attorney
local_phone(949) 854-7747
smartphone(949) 701-2515
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