Here are some recent articles from the LA Times that are worth taking a look at:
Victims of improper foreclosure practices can submit claims
Fourteen mortgage servicers have begun mailing out 4.3 million letters to potential victims of robo-signing. The letters will invite borrowers to submit their cases for a free review by independent consultants.
Mortgage refinancing to get easier under revised U.S. program
The plan could help 1 million to 2 million people get significantly lower monthly payments in hopes of stabilizing the real estate market.
Factoring energy efficiency into a home’s value
Under the SAVE (Sensible Accounting to Value Energy) Act, estimated energy-consumption expenses for a house would be included as a mandatory new underwriting factor.
Dot-coms want the beach in their address
The commercial real estate rental market is booming in Santa Monica, where the office vacancy rate is a fraction of the L.A. County average. Tech and entertainment firms like the lifestyle.
**We wrote about this impact on the residential market 6 months ago. No doubt the “Silicon Beach” effect is impacting the residential market on the Westside in a very positive way.