Category Archives: Blog
Los Angeles City Council adopted a “responsible banking” ordinance
This will require banks doing business with the city of L.A. to disclose detailed data on loans and foreclosure activity by community. This information is already available but is hard to find in the federal banking reports. Even with the convienence of the internet information can be hidden and difficult to find. The new law would brings the information right up front on a city website that the public could search by census tract. Now if Banks decline to provide the information they will be deemed unqualified to bid for a piece of the city’s $6 billion in deposits and pension funds. This is great. It’s about time we start taking action.
Posted in Bank Foreclosures, Information, Real Estate, We Talk Real Estate
Tagged bank, butch, foreclosure, foreclosures, internet radio, real estate, reo, seniors, trust, we talk real estate
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Governor Brown Raids Housing Counseling Funds To Cut Budget
Here we go again, When things get tight Governors always look for the low hanging fruit. Governor Brown Raids Housing Counseling Funds As part of the $26 billion National Mortgage Settlement announced earlier this year, big banks contributed $400 million to Attorney General Kamala Harris’s office to administer the relief from the settlement. Just last Friday, Attorney General Harris announced that more than half of the funding would be given to housing counselors and legal service agencies who help homeowners avoid foreclosure. Then, yesterday, Governor Jerry Brown announced his May revision to the state’s budget, which included his plans to raid those funds to plug budget holes. Governor Brown is following suit after several other states have announced their own intentions to raid this necessary funding. Housing counselors and legal service agencies will definitely struggle and millions of homeowners across the state will suffer because of the losses. Attorney General… Read More »
Covering president Obama was an experience on air force one!
I am very thankful for all the opportunities that come my way.Treat people well and they will always remember and take care of you!
Killer Shrimp is back!
Killer shrimp is back in the marina! It’s a beautiful night! They are the only restaurant with a boat dock! I pulled the boat up had a nice dinner and am now heading back to my slip! Finally a restaurant with a guest slip in the marina!
Why The US Government Needs Their Own FICO Score
With all of the talk about the national debt , isn’t it curious that our federal government can be in debt by literally trillions of dollars and yet it is nearly impossible for hard working Americans to secure a loan to purchase a home? The government has the audacity to put restrictions on whether we can get credit or not, and yet they themselves spend freely, with no apparent concern over when (and if) they can pay their own bills, endangering our economy on a global scale. Maybe they should pay attention to their own FICO score. FICO scores are increasingly important in today’s economy. The reality in the housing market right now is that unless you have nearly perfect credit, it is difficult to get a home loan. The only way to keep good credit is by paying your bills on time. On the face of it, that shouldn’t… Read More »
Senior Downsizing in a declining economy
In todays tough economy, seniors are being faced with many challanges in the real estate market. Wells Fargo and Bank of America eliminated Reverse Mortgage Divisions, Values are declining and Seniors are having a tough time! Large homes, declining health, limited income. Tonights discussion is on Senior Downsizing! Good or Bad. Tune in and listen LIVE every Monday at 6pm on www.wetalkrealestate.com Podcast: Senior Downsizing during Part 1 Podcast: Download
Podcast: Download
Posted in Blog, Podcasts
Tagged butch, butch grimes, downsizing, podcast, senior, senior downsizing, seniors, sizing, victor, victor jackson, we talk, we talk real estate, wetalkrealestate
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Wells Fargo to cease originating reverse mortgages
I know, I made a post earlier but It is now official! Wells Fargo is no longer going to originate reverse mortgages because of the softness and uncertainty in home values and restrictions on the products makeing it difficult to gauge whether borrowers will make good on their obligations. As we all know, values are and will continue to decline and Wells Fargo and B of A saw the writing on the wall. They knew this would be risky business as values dropped. Reverse Mortgage loans allowed people at least 62 years old to tap the equity in their homes for cash. The products are known for having high upfront fees, and consumer advocacy groups have warned the complex loans are fertile ground for scams and deceptive marketing. Times and changed and the reverse mortgage program is behind the times and very risky. Seniors as well as their siblings are having… Read More »
Posted in Blog
Tagged butch, butchgrimes, fargo, grimes, mortgage, reverse mortgage, we talk real estate, wells, wells fargo, wetalkrealestate
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Wells Fargo Getting out of the Reverse Mortgage Business??? Fact or fiction
I heard through the grapevine that Wells Fargo may be getting out of the reverse business. As we know, Bank of America broke the news several months ago and dropped out. Well, who will pick up the slack. Met Life gained a great deal of business from B of A. Met Life may soon be the only player in town. Stay tuned, we will keep you up to day on what we hear. We will be having a podcast to discuss senior options now that lenders like Wells may exit the game on reverse mortgages!
Posted in Blog
Tagged butch, butch grimes, grimes, reverse mortgage, senior, seniors, we talk real estate, wells fargo
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“WILLS” Do you or your love ones have a WILL? Is it Legit or will it stand up in court?
Probate, trust and Estate Attorney Andrea Van Leesten is going to dig deep and explore ”WILLS”. If your love one passes, where is the will? who is named? It it legit? Is it on a kitchen napkin or drafted by a professional or non-professional? Get your questions ready for Mondays show with Attorney Andrea Van Leesten at 6pm www.wetalkrealestate.com. Eliminate stress and protect your family assests at time of loss. E-mail your questions prior to the show at questions@wetalkrealestate.com.
Posted in Blog
Tagged andrea van leesten, butch, butch grimes, estate, estate planning, estates, grimes, probate, probates, trust, victor jackson, we talk, we talk real estate, will, wills
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