About Long Beach's Bay Harbour

Long Beach, Ca. There isn't much news today, which is good because Denny's announced, during the 3^rd quarter of the Super Bowl, that it will give away a free Grand Slam breakfast to any customer visiting its restaurants today between 6AM and 2PM. The only problem with this is that when I drove by the local Dennys this morning, the line outside was only a half mile long...

No wonder the S&P 500 had its worst January ever. The S&P declined 9% for the month, exceeding the 8% record drop in January 1970. From its peak on January 6^th, the S&P is down 12%. It feels like Groundhog Day - the version that Bill Murray made popular.

The Countrywide name will bow out officially on April 1st. By April 27^th, Bank of America hopes to have the merger in full swing. At that time, all new loan applications will They will go through, Bank of America Home Loan Center.

Deflation has the potential to get some very real traction going forward. Why? Because all over the world, we built too much of almost everything. Too many houses, too many manufacturing plants, too many retail stores - just too much stuff.

This article is continued at: http://www.longbeachrealestateandloans.com/the-long-beach-mortgage-report-countrywide-name-change-complete-by-april-1st-april-fools-day

Long Beach, Ca. Real Estate Broker gives Free Short Sale Seminar

Long Beach, CA. Currently 55% of all sales closing in Los Angeles County ar distressed properties. This is no longer a market where agents and clients alike can avoid the current trend. Therefore; Prudential California Realty, Mulhearn Realtors, is going to give a free seminar on how agents can best address this situation.

What: Short Sales Seminar

When: Friday, January 23, 2009 8:30AM-4:30PM Lunch Break 12:00noon-1:0PM

Where: 11642 Firestone Blvd, Norwalk, Ca. 90650

Who: Guest Speakers will include;

Kirk Mulhearn, Bixby Knolls Manager, Gem Mortgage Finance Specialist

Lila Feingold, Investment Specialist

Leon A. Victor, Attorney at Law

Gary Casmano, CEO Shortsale Partners

If you are interested in attending, please contact Sussie Peralta at 562-207-2750

Kirk Mulhearn, a professional mortgage planner and real estate broker may be contacted at 562-989-4608 ext. 110. Subscribe to his blog at: www.longbeachrealestateandloans.com

Bay Harbour's private residential area near Alamitos Bay was developed by Warmington Homes in the 1980's. If you're looking for larger single family homes near the cool ocean breezes and great association amenities, this could be for you--plenty of opportunity for exercise with lovely greenbelts, three tennis courts, two pools and spas, and a 24-hour "guard shack" at the gated entry.
Of 198 homes, seven are currently on the market (see map locations) and range in size from about 2500-3000 sq. ft., depending on the plans.

These three- and four-bedroom plans in contemporary Tudor and Mediterranean architecture are open and contemporary layouts designed for gracious living and entertaining. Many features include: cathedral ceilings and crown molding, central air and heat, open family rooms, double-side fireplaces, laundry room, walk-in closets, patios for outdoor dining, direct access from garage and many more individual upgrades with specific properties.

Low HOA fees are another great feature of this association--generally under $300/month. (Compare to the much higher $400-$500/month fees for luxury condos along Ocean Blvd.)

For current listings, please contact me by phone or e-mail. Asking prices currently range from the higher $900,000s to about $1,500,000, a great price range when comparing to other properties of that size and general location!

Julia Huntsman, Broker Associate, e-PRO®, REALTOR®
All California Brokerage, Inc. 562-896-2609 mailto:ocean@surfside.net http://www.juliahuntsman.com http://www.longbeachrealestate.blogspot.com http://www.longbeachrealestate.listingbook.com