Posted on July 22nd, 2009 by Carlo Capomazza
It’s no secret that many facets of lending and real estate have changed as a result of the credit crisis. In addition to tightened lending practices that resulted from rising mortgage delinquencies, Washington has been heavily involved in altering the way lenders do business today. Two individual pieces of legislation impacting our business need to [...]
Filed under: Commentary, Current Events, Petition, Real Estate Market, Selling | No Comments »
Posted on July 21st, 2009 by Carlo Capomazza
Image by Getty Images via Daylife California lawmakers, their state broke and its credit rating shot, finally sealed a deal Monday night with Gov. Arnold Schwarzenegger on a plan to close a $26 billion budget gap. Blogger: There’s light at the end of this tumultuous tunnel offering more stability to plan for our future. Go [...]
Filed under: Economy, LA Area | No Comments »
Posted on July 13th, 2009 by Carlo Capomazza
Image via Wikipedia Greenspan: Financial Normalcy In 2011 Monday, July 13, 2009 8:11 AM By: Dan Weil One of Alan Greenspan‘s favorite credit-market indicators now shows that the financial system will return to normal by mid-2011. The gauge trumpeted by the former Federal Reserve Chairman is the Libor-OIS spread. It measures the premium of Libor [...]
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Posted on July 13th, 2009 by Carlo Capomazza
DEAR BENNY: We are selling a $620,000 home. As a part of the inspection addendum, the buyers are demanding that we put down a $500 security deposit with the title company, refundable if there is no damage to the home between now and move out. Our home is in superb condition. The refund of our [...]
Filed under: Current Events, Legal Advice in Common Scenarios, Real Estate Market, Selling | No Comments »
Posted on July 12th, 2009 by Carlo Capomazza
Posted on July 4th, 2009 by Carlo Capomazza
Image by kansei-sensei via Flickr Your Money A Day to Tackle the Financial To-Do List By RON LIEBER Published: July 4, 2009 Taking time, 10 or 12 hours, to tackle ever-postponed money tasks and clear the books can be lucrative. • HIGH-YIELD SAVINGS ACCOUNT Though Internet savings accounts that pay above-average rates have been around [...]
Filed under: Commentary, Finance, Money-Saving | No Comments »
Posted on July 4th, 2009 by Carlo Capomazza
Image by Getty Images via Daylife When Congress passed the stimulus bill in February, it came as both good news and bad news to the Obama White House. The good: never before had an Administration had so much money to spend on voters in need — to rebuild public buildings, save jobs, weatherize homes and [...]
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Posted on July 4th, 2009 by Carlo Capomazza
Image by Getty Images via Daylife By Kevin O’Leary / Los Angeles Wednesday, Jul. 01, 2009 With California a day away from issuing IOUs instead of paying its bills, Gov. Schwarzenegger and the legislature remain at odds over how to close a now $26.3 billion deficit. Schwarzenegger on Thursday ordered a third unpaid furlough day [...]
Filed under: Current Events, LA Area, Real Estate Market, Tax Issues, Visiting LA | No Comments »
