Scott Benson

If you enjoy wine tasting this could be your spot. It is a great way to spend some time with a large group, socialize, and hopefully find a great new wine.

The thing I love most about the concept is that you get to chose the wine you wish to taste, tsay with a region, or grape type, pick your favorite and then buy a glass or a bottle.

It is located on Santa Monica very near Ocean Avenue and close to my personal favorite Oyster bar, Ocean avenue Seafood. Enjoy

Here is their web site link for more info.

Well you have to be a bit adventurous for this place but if you give it a try I think you might love it. Many restaurants get their seafood on these docks and they open it all up to the public every Saturday morning from 2 AM to 8 AM. Fish here is VERY fresh, the fish mongers are very friendly, and the fish costs about 60% less than what you can find on sale at your local store. I go here and buy great fish for the week and use it for my sushi dishes.

It is also great to bring the kids to see the birds fighting for scraps and the HUGE seals swiming in the water around the docks barking for their fair share. Take 405 South to 110 south to 22nd street and make a left and follow all the way to the docks.

Nothing like watching the sun rise at the docks and picking your favorite fish!!

Check out the latest and greatest information from CAMB regarding reg Z. There are really more questions than answers at this point and until we get a response from the fed, we really won't know what the impact is going to be. I have a quick overview below

Loan Originator Payment Changes Loan originator:

• Anyone who gets paid by arranging a loan other than creditor who uses warehouse line.
• A broker is a loan originator who is not a w2 employee of the creditor.
• Loan originator payment * No one can pay, and no one can receive any compensation related to the terms of the loan:

• Option 1: includes loan amount
• Option 2: does not include loan amount * If originator compensation is paid by borrower, compensation can be related to the terms of the loan, however, there can be no additional compensation paid by any other party (no YSP or SRP).

More can be found at the CAMB web site

A new program was announced today by the Fed for home buyers that will allow them to sell homes short without any penalty to their credit. Details will be released next week and I will have more details on this site. You can also check wwww.equitynowprogram.com for other options if you or your client is upside down on your home

Have you checked the statistics lately. The wall street journal reports that 37% of the modifications completed in the first quarter of 08 were 60 days late with their payments 2 quarters later. The reason is simple, most modifications do not work for borrowers. In California only 1.3% of modifications resulted in a prinicple reduction. How many borrowers are going to continue making payments that are higher than what they could otherwise pay to rent a simliar property when they also owe more than the house is worth? Obviously based upon the statistics available so far, not many.

We have a better solution. We delay the foreclosure process until we can group a minimum of $40 million in value notes from a specific lender. We buy the notes at a discount and write a new note for the borrwer. The new note has 15-25% equity based uon CURRENT market value. We gaurantee the results. The borrwer ends up with equity in their property and a new payment that is much lower than the old payment.

Check out this video for more information.

We anticipate a much higher rate of payment from our borrowers because they have a vested interest in keeping their payments current. Call me at 310.770.6418 if your interested in finding out more or click here for more information.