Len Malena's Blog

Real Estate Agent - ZipRealty - 1415115
sale, distressed, condo, foreclosure, shortsale, reo, bank owned, repo, saddleback, PUD, UCI, sfr, single family homes, investment, amtrac, rsm, lake forest, portola hills, foothill ranch, coto, dove, rancho cielo, walden, robinson ranch, saddleback valley, cdc, rancho colinas, ziprealty
All local OCAR members please remember to vote starting Monday May 12th. There are 14 well qualified Realtors running for 6 seats, including yours truly!    
High-Efficiency Toilets now Mandatory in California   As of this month, any new toilet installed in a home or commercial building in California must be a high-efficiency model (HET) that uses 1.28 gallons per flush or less.   A bill passed all the way back in 2007 is just now fully coming into fo...
This seems to be the case in Orange County, how about where you work? ... Some see the recent rise in mortgage rates as a difficulty, but the latest Fannie Mae National Housing Survey posits a different point of view. Their chief economist says: "The spike in mortgage rate expectations this month...
Great article from C.A.R. Recently, many of you have told me about your concerns with off-market or “pocket” listings, or listings that an agent has obtained but does not place on the MLS.  As you know, listings not placed on the MLS don’t have the benefit of being marketed to every real estate a...
Short Sale Tax Forgiveness Act Expiration A law exempting some from having to pay taxes on debt forgiven by the bank – the Mortgage Forgiveness Debt Relief Act and Debt Cancellation -- is set to expire at the end of this year. There's optimism in the real estate industry that the act could be ext...
The Capital Gains rate is going up Jan. 1, 2013 from 15% to 25%; that's an increase of over 40%! This leaves little time for people who are holding on to assets to sell and make the most from this extremely low, current rate and take advantage of the hot real estate market, atleast in most of Cal...
Independence Day, commonly known as the Fourth of July, is a federal holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776, declaring independence from the Kingdom of Great Britain. Independence Day is commonly associated with fireworks, parade...
Recently, I’ve posted a few articles on the mixed blessing of low inventory. On the one hand, the shortage of homes available has helped buoy home prices on a national scale, but there’s also a lot of concern about a flood of shadow inventory (homes still in the process of foreclosure) that could...

Len Malena

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