Robert's Beach Blog

Why do I feel so close to Hermosa Beach? After all, I come from the other end of the bay — Santa Monica. There was a time when they were considered as one, at opposite ends of the same bay; before zip codes designated subtie area differences. But living  in Hermosa Beach is not the same as living...

Borderline consumers with low FICOs, No Doc Stated Income Loans etc, who are in need of a loan to make a mortgage loan work, are likely to be approached with a negative amortization loan. Why? It’s simple: the lender is about to make a huge profit from higher interest rates, while the consumer m...

I was born a few miles from the beach in Santa Monica, and much to the despair of my mother, I spent most of my time there, including evenings sleeping under the lifeguard tower. We hit the surf early in the a.m. So it’s no wonder that you might wonder what I have in mind posting a blog c.c. prop...

What is more symbolic of a community and the courageous men who look after its citizens, than the fire department? The Hermosa Beach Fire Department comprised of volunteers, was incorporated in 1907. The small community grew, along with it its fire department which became better equipped and wer...

Until recently, subprimes were the answer for unqualified buyers to sign up for a home loan. As a result of this alleged panacea, one of the nation’s largerst providers of mortgages to high-risk borrowers, has filed for bankruptcy. There has been a surge of defaults in subprimes. More than two do...

I had an e-mail the other day from  someone expressing an interest in purchasing a unit in The Beach House, in Hermosa Beach—a hotel with individually owned units available for rent, and managed by the hotel. There has been nothing avaiiable for sale here for over a year, which comes as no surpri...

Subprime mortgages are stil out there. But what are they?  Very simply, they’re loans made to borrowers with a FICO score of 620 or below. What borrowers should be aware of are the dangers of entering into this kind of financial commitment. To begin with, when a subprime loan is made, the rate is...

Hermosa Beach really is a unique little beach town. It celebrated its 100th anniversary in January ‘07. It’s always been a casual version of Manhattan Beach and a little more hip than Redondo Beach. Hermosa is Hermosa, a beautiful town...big on sports, big on saloons and big on a variety of archi...

Were Interest-only mortgages (IOs) and option ARMS (OAs) designed as creative options for borrowers, or to confuse them?  More than likely the later since borrowers usually don’t understand the risks involved. As pointed out by analists, it’s not realistic to assign responsiblity of all mortgages...

The original Spanish settlers had it right when they named it Playa de Hermosa—Beautiful Beach.From Santa Monica, Hermosa Beach has always been the other end of the world I grew up in—Santa Monica Bay. If I took a mind trip, the picture would always be a clean sunny day before cost of living put ...