Blog
An update from FHA regarding property flipping:
Dec 12, 2014 Today, the Federal Housing Administration’s (FHA) Office of Single Family Housing announced that the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold wit...
Fannie Mae and Freddie Mac unveil mortgages with 3% down payment
Dec 9, 2014 Hoping to broaden the pool of home buyers and boost the real estate market, Fannie Mae and Freddie Mac are launching mortgage programs with down payments as low as 3%. The move, targeting buyers with good credit but little cash, has drawn fi...
House Passes One-Year Extension of Mortgage Debt Forgiveness Tax Relief
Dec 8, 2014 On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders, but is expected to do so the week of Dec. 8. Plea...
Snowflake Festival SUNDAY in Tarzana!
Dec 3, 2014 Get ready for snow-slidin’, bounce-housin’, velcro-wallin’, hot chocolate-sippin’, big-time family fun! The weather report tells us today that this Sunday will be a beautiful 71 degrees with Zero % chance of rain. The Winter Wonderlan...
Neighborhood Council Seeks Changes to Sherman Oaks Sunkist Project
Nov 28, 2014 A Sherman Oaks Neighborhood Council committee decided on Wednesday night to seek changes to a $100 million mixed-use project slated for the site of Sunkist’s headquarters. Ron Ziff, chairman of the council’s land use committee, told the ...
L.A. County Jobs Grow in October
Nov 21, 2014 Los Angeles County employers added 35,000 jobs to their payrolls in October but that was not enough to reduce the area’s unemployment rate, which held steady at 8 percent, according to state figures released Friday. The job gains brought t...
More Housing Planned for Panavision Site in Warner Center
Nov 10, 2014 A portion of the former Panavision headquarters site in Warner Center has been sold to a local builder that plans a development of 232 multifamily units. The 3.2-acre parcel at the northeast corner of Variel Avenue and Erwin Street was acqui...