Found on "The Housing Bubble Blog" which is a great source for housing & real estate information and articles.
From NPR http://marketplace.publicradio.org/display/web/2010/03/19/mm-multipleoffers/ “One of the nuttier elements of the real estate boom has returned. Tess Vigeland explains. ‘Kelly Frambach and her husband, Andy, moved into their first home just a few months ago. She’s a 32-year-old office manager for a construction company; he’s 29 and works in tire repair. This California ranch-style home in Chino Hills, just east of Los Angeles, boasts three bedrooms and two baths, 1,200 square feet for them and their seven and nine-year-old kids. They started going to open houses back in mid-2008, just as the market was collapsing.”
“They paid $285,000 for it — ten grand over the asking price — with an FHA-backed 30-year mortgage. Kelly: ‘And we thought it would be easy, because there were sooo many houses for sale. That’s what everybody thinks, but every house we put an offer on, there were so many offers.’”
Monday, March 22, 2010
Tuesday, March 16, 2010
What are the rules about leaving your garage open?
Anonymous said...
What are the rules about leaving your garage open? I have noticed one garage open every night for long periods of time. I was under the impression that your garage must be closed when not in use.
11:56 AM
What are the rules about leaving your garage open? I have noticed one garage open every night for long periods of time. I was under the impression that your garage must be closed when not in use.
11:56 AM
Friday, March 12, 2010
HOAs suffer during recession
HOAs suffer during recession
Dispute continues with investors
By Buck Wargo (contact), In Business reporter
Fri, Mar 12, 2010 (3 a.m.)
Foreclosures are taking a toll on some Las Vegas homeowner associations, some of which are closing pools and deferring maintenance as they deal with a drop in revenue.
The financial woes faced by the associations come as they are locked in legal and legislative battles with investors in foreclosed homes who complain they are overcharged for fines and fees by the associations and their collection agencies.
Associations are struggling with their budgets and some have closed pools and clubhouses and cut back on maintenance, including landscaping, said Nicholas Haley, the education and information officer of the state ombudsmen for the owners of common-interest communities and condo hotels office.
Haley’s office takes complaints from homeowners and handles mediation.
“People have complained about the maintenance and what’s been closed down and questioned what are they paying for,” Haley said. “Associations have to balance their budgets, given their communities have faced a lot of foreclosures. Sometimes it is a temporary measure until people start paying their assessments. But you have many people who are retired or out of work and they can’t make up the difference, so the community has to scale back.”
Dispute continues with investors
By Buck Wargo (contact), In Business reporter
Fri, Mar 12, 2010 (3 a.m.)
Foreclosures are taking a toll on some Las Vegas homeowner associations, some of which are closing pools and deferring maintenance as they deal with a drop in revenue.
The financial woes faced by the associations come as they are locked in legal and legislative battles with investors in foreclosed homes who complain they are overcharged for fines and fees by the associations and their collection agencies.
Associations are struggling with their budgets and some have closed pools and clubhouses and cut back on maintenance, including landscaping, said Nicholas Haley, the education and information officer of the state ombudsmen for the owners of common-interest communities and condo hotels office.
Haley’s office takes complaints from homeowners and handles mediation.
“People have complained about the maintenance and what’s been closed down and questioned what are they paying for,” Haley said. “Associations have to balance their budgets, given their communities have faced a lot of foreclosures. Sometimes it is a temporary measure until people start paying their assessments. But you have many people who are retired or out of work and they can’t make up the difference, so the community has to scale back.”
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