Endre Barath,Jr.

I have promised last week I will give ten more reasons for Title Insurance:

•1. An heir or other person who was presumed dead may appear and rover the property or show an interest in the property.

•2. A judgment reference the title may be voided, due to some defect in the proceeding.

•3. If you insure the title, you can eliminate delays, when passing your title on to someone else.

•4. Title Insurance will help speeding the negotiations, when you are ready to sell or obtain a loan.

•5. A deed or mortgage may be voided, if signed while the grantor was in bankruptcy.

•6. There may be a defect in the recording of a document upon which your title is dependent.

•7. Claims have risen drastically over the past 30 years.

•8. A deed or mortgage may have been procured by fraud or duress.

•9. Title Insurance covers attorney fees and court costs.

•10. Many attorneys protect their clients as well as themselves by procuring Title Insurance, should you?

This one reason I feel the urge to repeat from my original ten. : A title policy is paid in full by the first premium for as long as you own the property.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com

Marina Del Rey Condominium Market Report for March 2009

I am very excited to report to the readers, the Month of March had a lot of positive activity. This trend is confirmed in the surrounding areas as well.

The inventory has increased to 191 Active Listings in Marina Del Rey. The good news is there were 11 properties that were accepting Back up Offers, since the contingencies have not been removed yet. At the same time there were 19 Pending, contingencies removed waiting to close. (See last months report http://activerain.com/blogsview/964148/Marina-Del-Rey-Condominium-Market-Report-for-February-2009)

The best news of all, there were 16 closed transactions for the month of March. As you might remember there were only seven closings last month. This is a huge spike in the activity.

In conclusion, what I see is, that the Tax incentives, coupled with the ability to negotiate as well as the banks have allowed potential borrowers to buy again at a still very low interest rate, has increased the Sales Activity in the Marina as well as surrounding areas.

Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com

Well here we are April 1, 2009. The month of March 2009, data is now available. This is not an April Fools joke, these are the actual figures.

Before I will give you the figures, for your convenience I am enclosing a link to the February Market Report so you can compare it easier to the current numbers. (http://activerain.com/blogsview/962925/Century-CityCA-Real-Estate-Market-Report-for-February-2009 )

There is almost no difference in the Active Listing inventory month over month between February and March 2009. The Multiple Listing Service had 294 Active Listings.

Interestingly there has been an increase of Properties that are in Escrow accepting back up offers. For the month of March there are 25 properties in Escrow, where buyers have not removed their contingencies yet.

Then what is even more amazing there are 38 Escrows which are pending. This is a major swing from last month. This number is just staggering. Last month there were only 10 properties pending. Evidently a lot of buyers got their confidence back during the month of March.

Now to the best news of all the sold numbers went up as well. For the month of March there were 20 closed sales transactions vs. 14 for the month previously. I am pleasantly surprised at this numbers. It appears that consumer confidence is starting to return in Century City Real Estate.

Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com

Even though it is April 1^st, 2009, this is not an April Fools Joke. These are the actual numbers for the Month of March 2009.

As I reported last month there has been an increase of Active Listings compared to the January numbers. The trend continues. Currently there are now 60 Active Listings compared to 55 Actives Listings in February. This is an increase of by 9.2% (see last months Market Report http://activerain.com/blogsview/960983/Playa-Vista-CA-Market-Report-for-February-2009 ) As you see the inventory is continuing to get larger.

Now let us focus on the number of properties that are in Escrow and the ones that closed:

Currently there are 5 accepting back up offers vs. last month there were 4 and in January only 2. As you can see this trend is on the upswing as well. These are buyers who have not removed their contingencies yet and the seller's agents are still accepting other offers as back up. There are 7 Pending properties this is a drop compared to last month which was an extraordinary increase from 3 pending to 10 pending. I attribute this to lenders continuing to tighten up the Approval Process for new loans. It takes longer to get approved; hence fewer buyers have been able to remove their Contingencies.

Now let us look at how the sales numbers turned out. Actual Closings increased. The last two months it has been a steady 3 sales every month. For the Month of March 2009 we had 4 sales. Again the number is a small increase, but had I done a percentage it would have appeared as a significant increase. Keep in mind these are real numbers and as you can see the growth is continuing.

Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com

Breaking News: C.A.R. is launching a Home Mortgage Protection Program! The Best part it is Free.

James Liptak, the 2009 President of C.A.R (California Association of Realtors) has sent out an e-mail blast, notifying the membership. Effective this Thursday April 2,2009 C.A.R. will launch a new program designed to give peace of mind to the First Time Home Buyers, who are afraid or are hesitating to enter the housing market, because of concerns of potential job loss.

This is fantastic news. Through the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F.MPP), first time home buyers who get laid off may be eligible to receive up to $1500 per month for up to six months to help make their mortgage payments. Even Co-buyers may participate in the program at a reduce monthly benefit of $750 per month.

To qualify for the Mortgage Protection Program, the applicants must be:

•1. Be a first-time home buyer-someone who has not owned a home in the past three years.

•2. Open Escrow April 2, 2009 or later and close Escrow on or before December 31, 2009

•3. Use a California REALTOR in the transaction.

•4. Purchase the property in California

•5. Be a W-2 employee (can not be self-employed or military personnel)

This is truly innovative. There is no cost to the Realtor or the clients to participate in this program.. So who said you can not get something for nothing.So what is the hidden item? There is none.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com