Downey, CA

It looks like we let the "Fox in the Hen house" Am I the only one to see through this mess. The Federal Reservve caused this mess, yes the Federal Reserve.

Back in the last Quarter of 2005, Chairman Greenspan had the chance to re-correct the market to a slow and soft landing by stopping the quarter point increases in the Fed Funds Rate. It takes normally 6 to 9 months for the market to react, instead the FEDS Choose to stop raising rates well into 2006 and took a wait and see attitude for well over a year plus several months to make a move to lower rates to counter act and the market.

The Feds found themselves chasing the market with large moves to lower rates back in September of 2007,the market got out of control, to complicate matters, the other entity that controls Fannie Mae and Freddie Mac was to blind to see that the Conforming Loan Rates did not reflect the market value in which those entities purchased loans from the primary mortgage market, thus many lenders got caught with their pants down, because the GSE and the Federal Reserve were not in sync, coupled with the SEC and the Supervision in both Houses of Congress failed meserably.

Now a new Federal Reserve Chairman, New Treasury Sectrary and a New President all are making it worst. If you want to fix it, lets not overly regulate and already fragile system. Lets look at the underline problems, Banks, MBS, and Collateral Debt Obligations.

Many lenders have foreclosures that can be salvaged by turning these mortgage related instruments that are non performing assets and converting them to producing assets by simply leasing out these problem REO's on their books to tenants, who want to buy using lease with an option as a method of buying in the future.

Give them a credit for their Down payment, while they are paying a higher than market rents to be applied when and if they exercised their option to buy in 2 or 3 years from now. Values would move upward and they would have time to clean up their own financial situation if credit and down payment was an issue, obviously that would be conditions to the credit. But that works.

Carlos R. Arvizu Sr.
thedon1950@aol.com

Recently, Senator Alex Padilla,D San Fernando introduction or revival of SB407 Point of Sale retrofit requirement that all sellers of residential real estate would be burden with a cost that has far reaching affects that many homeowners can ill afford. This is not the time when homeowners have been facing a deep resission, high unemployment, and for what, another backdoor buracractic department to collect fees for the state.

Perhaps Senator Padilla doesn't reconize the real problems of the state, it's called living within your means. Cut back on salarlies and those expensive trips he's been taking, perhaphs if stayed a home, maybe he'd realize his low flow toilet requires him to flush it 2 and 3 times to make it go down, what ever the case, maybe he's in bed with those energy retrofit companies.

Regardless Senate Bill SB 407 does not come at the right time. The real problem is the lack of thinking of the consequences, that's how we got into this mess in the first place. I don't know what behind Senator Padilla's agenda, but I think it imposes more harm than good, especially at a fragile time like this for the real estate industry and to impose this burden on all California property owners who want to sell their home or investment property is darn right ill responsible on the part of Senator Padilla.

If you want to solve the shortage of water and help solve the global warming issue and envormental problems that we are facing, try desalination plants to add ocean water to our water systems and pipe in water to desert areas to plant trees and other oxigenated plants that displaces carbon dioide. Now thats something to work on. If we tried some constructive thinking instead of ways to create backdoor taxation, we would be better off. I hope comon sense prevails and SB407 is defeated. Comments are welcomed.

Thank you.
Carlos R. Arvizu Sr

thedon1950@aol.com

#7 Be Discreet: Marked by exercising, or showing prudence and wise self-restraint.

The House Warming:

After the sale is over and we have been PAID comes the house warming party and the chance to Prospect your Buyer's ENTIRE Sphere of Influence. Your Client already knows that you are the GREATEST Realtor in your area (otherwise they would have gone with the other guy) and has, likely, at your suggestion...mentioned you to everyone that she/he knows.

Realtors Beware:

Be careful to discuss with your Buyer whether it is okay for you to discuss very personal details such as purchase price and/or monthly payments.

Bragging Rights?

Even though you may have gotten your Buyer deal of a lifetime, some people just are very personal/private about financial matters. In order to avoid a strained relationship, talk about this ahead of time. Most of the time the Buyers are fine with sharing the information to help you get new clients and they will respect you more for asking them in advance!

I Invite You:

This is #7 of a series of 150 Great Traits for Realtors. I will post a new post every 1-5 days. Your input is what will make this series work. Thanks for subscribing and for your comments.

If you know of clients who may need some help in the So California, feel free to send them to my site:

www.SanGabrielValleyHomeSearch.com

Be sure that you send me an e-mail with you and your clients' name and information. I pay 25% for referrals...so let's get to work. Thanks-- velascomark@yahoo.com (626) 392-9499 Direct

Without taking much time out of your day I would like to give an update of my local market here in Sunny Southern California. Buyers are off and running especially since prices were slashed last month. We went from $390,000 for a 3 bedroom 2 bath in March to $373,000 in April. With only 50 homes sold in March and 77 being sold in April, I guess you could say that inventory is getting bought up. I would also like to add that I am seeing more regular sales (not distress) and also less bank owned homes. That is not to say that some home owners are not facing foreclosure, we have buyers in the city of La Puente and we are seeing 80 short sales for every 20 bank owned properties. I expect to see more success on short sales= meaning banks are going to aid sellers in distress in getting their homes sold. So to keep it simple STEADY is more the kind of market we are in. It is definetly not going down and not going up just a steady tide till inventory is deplet

I spent most of today with the people that I love the most. I am sure that it is an amazing thing to hold human a human life inside of your body for nine months. I always hear (from other men) about the pain that childbearing carries. However, I am not sure that I have ever heard a woman talk about the pain. They always talk about how cute their baby was or how it was worth it.

I am most thankful to my mother for giving me life and for helping raise such a great son. I also am thankful for the countless hours that were lost in sleep and the TLC that was given when I was sick, fussy or tired.

I will become a parent in the next 1-2 years and I look forward to giving love to a new life. I always hear people talk about how the love of a parent is a very unique type of love. I have yet to experience this. However, with the look on my step mom's face today...I can't wait.

Good night everyone and to those mothers out there...Happy Mother's Day. You deserve much more than one day.

If you know of clients who may need some help in the So California, feel free to send them to my site:

www.SearchSanGabrielValleyHomes.com

Be sure that you send me an e-mail with you and your clients' name and information. I pay 25% for referrals...so let's get to work. Thanks-- velascomark@yahoo.com (626) 392-9499 Direct