Lorraine and Loretta Kratz-Certified Negotiation Expert,

Beginning Oct. 1, new rules adopted by the Federal Reserve will go into effect, requiring greater diligence on the part of mortgage lenders and brokers who issue high-cost loans for borrowers with less than favorable credit. The interest rates on these loans are at least 1.5 percentage points greater than the average prime mortgage rate. The regulations, which were finalized in July 2008, prohibit lenders from making a high-cost mortgage without verifying that a borrower could repay the loan in the conventional way, and not through a foreclosure sale.

During the height of the market, subprime lenders often would offer loans without requiring borrowers to provide proof that they could make the monthly payments. In some cases, borrowers used stated income loans, which allowed some borrowers to fabricate annual income figures and buy homes without down payments.

Although many believe the Federal Reserve's new rules represent one of the more substantial efforts on the part of the federal government to combat such lending practices, some consumer advocates are concerned. According to a policy associate at the Center for Responsible Lending, the new regulations do not cover option ARMs, which enable borrowers to choose from several monthly payment options during the loan's early years.

After reading a very provocative article on the future of newspaper print and the now pending hearings that Congress is holding as to whether or not to save this industry? Yes, Congress is considering bailouts for newspapers? Why is President Obama saying he'd consider it? Why is Congress holding hearings and considering "The "Newspaper Revitalization Act" in a bid to save this form of print media.

Should this media be rescued? Or must we realize this form of communication has gone the way of the horse and buggy? Or is newspaper print headed for the endanger species category?

Crescent Moon Realty, Inc and Land N Sea Auctions.

Here is a simple list:

Also, if a lawyer, accountant, or special circumstance directs you to retain more information or paperwork for a longer period of time, you need to follow that advice! What I have compiled is just a standard list that should be tailored to your specific situation.

Paper clutter begone,

• Credit card applications
• Any piece of unwanted paper that contains: addresses, account numbers or access information, birth dates, budgets, photocopies of "never shred" documents listed below, drivers license numbers, employment information, envelopes and address labels, estimates, legal papers, luggage tags, medical information, passwords, report cards, signatures, social security numbers, transcripts, travel itineraries, used airline tickets, and anything you wouldn't feel comfortable having a stranger read
• Expired credit cards, bank cards, passports, visas, and identification cards (college, military, employee badges, etc.)
• Credit checks on tenants or other home employees (contractors, nannies, etc.) immediately after evaluating the information

Shred on a Monthly Basis:

• Credit card receipts after reconciled with credit card statement (except for those that are needed for tax purposes or warranties)
• Cancelled checks and debit receipts after reconciled with bank statement (except for those that are needed for tax purposes or warranties, or a dispute that you may have.)

Shred on a Yearly Basis:

• Monthly retirement and monthly investment account statements after reconciled with year-end statement
• Monthly bank statements after reconciled with year-end statement
• Pay stubs after reconciled with annual W-2 statement or 1099 equivalents
• Bills as the months repeat unless necessary for tax purposes (For example, when the Jan. water bill arrives, compare your consumption to the previous month and Jan. of the previous year to make sure that you don't have an unknown leak. Then, shred last Jan.'s bill.)

Shred on a Seven-Year or 10-Year Basis:

• Year-end bank statements (if not necessary for tax purposes)
• Titles, deeds, and surveys to cars and property you haven't owned in seven years

Never Shred:

• Marriage, birth, divorce, and death certificates
• Military service records
• Insurance policies and claims
• Wills
• Power of attorney documents
• Social security reports
• Year-end retirement and investment account statements and policies
• Loan and mortgage paid-in-full documentation
• Diplomas and transcripts
• Medical records
• Current resumeEvaluation and receipts of valuables (jewelry, artwork, etc.)
• Tax returns and associated financial documentation (1040 forms)
• Securities and trade confirmations

Never Shred Until They Expire:

• Titles, deeds and surveys to cars and property you own (only shred seven years after you get rid of the property)
• Leases and/or rental contracts on current properties
• Loan contracts until paid-in-full
• Maintenance records for home and auto (pass onto next owner of property)
• Warranties on products you currently own
• Active membership documentation (gyms, clubs, etc.)
• Benefits package from current employer
• Service contracts (cable, water, etc.)
• Pet records
• Current personal credit history report

Hope this has been helpful.

Your real estate contact in San Diego , California 1-888-882-1198 Ext 111.

San Marcos residents would need to stop parking cars and equipment in front yards and be more vigilant about fixing dilapidated properties and maintaining landscaping under a new ordinance the City Council is set to approve.

The council voted 4-1 Tuesday to introduce a Property Value Protection and Neighborhood Preservation Ordinance to regulate the upkeep of homes.

The ordinance would regulate the part of a home that is visible from the street. It is scheduled for final approval Oct. 13, and would take effect 30 days later.

Councilman Mike Preston dissented, saying government was overreaching.

His colleagues said the city needs an ordinance to crack down on residents who let their properties go to seed and devalue their neighbors' homes.

The ordinance would regulate the part of a home that is visible from the street. It is scheduled for final approval Oct. 13, and would take effect 30 days later.

Councilman Mike Preston dissented, saying government was overreaching.

His colleagues said the city needs an ordinance to crack down on residents who let their properties go to seed and devalue their neighbors' homes.

San Marcos officials said laws did not cover 11.5 percent of the 2,500 code enforcement complaints in the past two years.

Those concerns increased with foreclosures.

The proposed ordinance would require residents to:

Keep front yards free of stored equipment, machinery, household furniture and cars.

Remove graffiti within 15 days of written notice.

Limit the display of seasonal decorations to 40 days before a holiday and 10 days after.

Keep clothes lines hidden from view.

Repair broken fences and paint worn out exteriors.

Ensure vegetation on lawns is not dead or taller than 6 inches, and that front yards are not barren so uncovered dirt doesn't wash into storm drains when it rains.

Keep vegetation from encroaching onto the street or obstructing public access and motorists' view.

Refrain from permanently using tents and canopies in front of homes.

Violators would be fined $100 for the first offense, $200 for the second, $500 for the third, and up to $1,000 thereafter. The city could impose a fine for every day The city could impose a fine for every day of noncompliance, City Attorney Helen Holmes Peak said.

To implement the ordinance, the city plans to devote six months to educating residents. After the six months, the city would enforce the law.

In single-family neighborhoods, code enforcement officers would respond to complaints filed by residents who give their names for the record and who live close enough to the property to be affected by it. Anonymous complaints would not be accepted.

In multifamily neighborhoods and commercial districts, code enforcement officers would look for violations.

Here are zip codes in the North San Diego County that are realizing real estate price's going up in stead of down from the year 2008. Which is a signal. This information was gleamed from the HomeDex report that is provided to all the members of NSDCAR, report is dated August 2009.

92007----Cardiff ----- 2%

92008----Carlsbad----9%

92025----Escondido---8%

92027---Escondido---5%

92029---Escondido--37%

92057----Oceanside---5%

92059---Pala -----67%

92069 ----San Marcos---4%

92081----Vista----7%

92084----Vista----14%

92082----Valley Center----14%

Give Crescent Moon Realty, Inc or Land N Sea Auctions, a Call @ 1-888-882-1198 Ext 111