In the last year over 100 mortgage lenders have gone out of business due to the "mortgage meltdown" as most of you might now it is getting much more difficult to qualify for mortgages in Pasadena. The reason it is difficult to qualify for your Pasadena mortgage is because guidelines have changed drastically. Even reverse mortgages in Pasadena are getting harder to qualify for, leaving many looking for a honest mortgage company in Pasadena.Since many mortgage brokers in Pasadena are going out of business, and others are not able to get you qualified, you need to call a reputable company to help you with your home mortgage in Pasadena. We here at America One Mortgage Group are a national company headquartered out of Southern California. We have offices in many states and fund millions of ... 10/20/2007

Recommendation: Continue to float but float cautiously! Contact me for a personal rate quote!  Mortgage Bonds traded modestly higher today. Remember...                        Bonds Rates Up = Interest Rates Down   |   Bond Rates Down = Interest Rates Up Important News Today:Initial Jobless Claims reported today well above expected levels for the highest weekly total in (7) seven weeks now...Important Housing News...  the Office of Federal Housing Enterprise Oversight (OFHEO) announced today that the conforming loan limit WILL NOT be reduced for 2008. The current conforming loan limit remains at $417,000. READ FULL REPORT!  10/18/2007

Mortgage Bonds are modestly higher; remember... Bonds Rates Up = Interest Rates Down   |   Bond Rates Down = Interest Rates Up That brings us to our point...It's time to start floating those loans! We should be watching mortgage rates in Pasadena drop lower these next 3-7 days. Do not lock in your mortgage rate at application; lower rates may be here next week.  [CONTINUE TO FULL REPORT]   10/17/2007

I'll let the pictures speak for themselves:                                                                                                          Dining Room Before                                                 Craftsman Dining Room After Staging by Moving Mountains Design. With a fresh new paint color and now clutter-free, all the beautiful original Craftsman details, like the built-in cabinets really stand out.                                                 OK, here is the Master Bedroom before:Sorry, I couldn't get into the bedroom to get a better angle. Somewhere in there is the bed that the homeowners were sleeping in!        And here is the Master Bedroom after staging:         This 1920's California Craftsman home located in Pasadena, CA sold in two weeks for the full askin... 10/14/2007

Once a year a number of the organizations and cultural institutions in Pasadena get together for an Art Night.  Well, this Friday, Oct. 12 is Art Night for 2007.  This year the artists involved were give the theme "Skin".  I am amazed at the diversity in the work that has resulted.  My friend, Dana Hursey, who is an eclectic photographer with an extremely varied background (everything from 14 Days in Great Britain  to commercial work for clients like Pacific Care and the White Sands Film Festival) was commisioned by the Pasadena Conservatory of Music to do a series of photographs for Art Night.  His work is currently on exhibit at the Conservatory.The Pasadena Playhouse is featuring all of the crafts associated with theater.  I am told their courtyard will be a great place to visit on F... 10/09/2007

Hey everyone!Please visit our new resource RealSquid.comSee you there!The BZPros Real Estate Team 10/04/2007

Do you have a rental property in Pasadena, CA where the tenant moved out and you're getting to ready to lease it again?  Are you in the process of selling your home or condo?Did you know that if you own the property in Pasadena, CA, you have to comply with the city ordinance requiring an occupancy inspection?     Here's what the City of Pasadena says:Occupancy Inspection ProgramThe Occupancy Inspection Program is designed to ensure the quality and maintenance of the City's single family homes, duplexes, and condominiums. This is achieved by conducting inspections of these dwelling units at the time of sale or change of occupancy. If, at the time of inspection, a dwelling unit is found to be in violation of the Housing Code, the property owner is notified of the violations and given a re... 09/25/2007

Hi everyone!There is a really cool event taking place in Old Town this Tuesday (the 25th) from 5:30 to 9pm. It is called "Taste of Pasadena" and basically you pay $25.00 to roam around Old Town for a couple of hours and try out food from the participating restaurants menus. Its a good cheap evening and you get to sample some amazing cuisine.My co-worker Patty is selling tickets so if you any of you are interested please let me know and I will save you however many tickets you might need.Cash and checks are accepted. Checks should be made payable to P.F.A.R.C.F. Hope to see you there! 09/20/2007

Pasadena has gone to the dogs!!!Sunday, September 30, 2007, Pasadena will host a fund raiser for the Pasadena Humane Society and the Society for the Prevention of Cruelty of Animals.  This is the biggest fundraising event every year for the shelter. Last year they raised about $155,000 and this year their goal is $200,000.  Funds are used to care for lost, injured and abandoned animals in their care.   The shelter is an independent, non-profit, donor supported organization that serves 7 cities with a combined population of approximately 500,000.  Animals give such happiness to so many people.On the day of the walk, you can join us with or without a pet.  You have a choice of either walking for 1 or 3 miles.  If you will feel strange not having a dog with you, that's ok - you can borrow ... 09/19/2007

We all have been hearing of how foreclosures, Notice's of Default and Short Pays are on the rise and having a negative impact on the real estate market. But how is this affecting us locally, or more specifically, the Pasadena Housing Market?The above graphic only looks at Notice's of Defaults that have been filed. It does not necessarily mean that a house is going into foreclosure, only that the homeowner is delinquent in their payments. Considering the overall number of homes in Pasadena, the number is relatively small, considering the month to month number of defaults filed compared to homes sold, the numbers are significant.We will watch and see what happens within the next few months. Many of the reports I see in the media forecast this situation reaching its peak in early to mid 20... 09/15/2007

Things aren't as boring as some people think around Dena Land...here's just a sampling of the next few days...Sept 6-6-8pm. Investment Seminar at Keller Williams Realty, 445 S. Fair Oaks Ave, Pasadena. FREE. Dinner served. RSVP to 626/786-1231Sept 8 & 9-7pm Shakespeare Festival's "Henry V". Levitt Pavilion. 85 E Holly St., Pasadena. FREESept 9-7pm. Tumbling Tumbleweeds. Coffee Gallery Backstage. 2029 N Lake, Altadena. 626-398-7917. $15 (ok for kids)Sept 11- 7pm to 8:30pm Estate Planning Workshop @ Trilogy Financial Services Inc. 1000 Lakes Drive #325, West Covina, CA 91790 626-918-5670 to RSVPAs always, let me know if you have questions! 09/05/2007

It's hot.  It's soooo scorching hot.  It's ridiculously hot and humid!  There was even an excessive heat warning today!  I can not remember it every being this hot in my beautiful city of roses.  Earlier today, it was 112 degrees on my thermostat in my backyard.  It feels like Palm Springs.  Weather.com reports that it's 99 degrees righ now and it's 7:25 in the evening.I was curious so I decided to look at stats, the average temperature for Pasadena is 91 degrees in August and 89 degrees in September.  The last time it was so hot in Pasadena was in 1934 when the temperature hit 110 degrees.    Pasadena, CA Weather FactsOn average, the warmest month is August. The highest recorded temperature was 110°F in 1934. On average, the coolest month is January. The lowest recorded temperature was... 09/03/2007

Every once in a while, I am at a loss for words. I cannot come up with any reasonable explanation as to why something occurred. This is one of those times.The above house is located in Pasadena, zip code 91107. It could be the "poster" house for what went wrong with real estate and how sub-prime lending (or the lack thereof) is affecting everyone across the board, from an aspiring home buyer to major banks and financial institutions.A little history about the pictured house. A very ordinary 3 bed / 2 bath, with 1550 square feet on a lot size of 6700 sq ft., built in 1927. This is where ordinary ends.This house was sold in June 2006 for a sales price of $549,000, fairly typical given the location and the condition. The buyer took out two loans, the first was $439,200 and the second was ... 09/01/2007

A tribute to Pasadena's unique contributions to the American Arts & Crafts Movement,Craftsman Weekend is the largest and most comprehensive celebration of the Craftsman Movement in the Western United States.  Enjoy a full weekend of events including bus and walking tours of historic neighborhoods, A craftsman House Tour that visits six distinctive Craftsman-era homes, exhibits of contemporary and antique Craftsman furnishings and accessories led by renowned experts, plus special evening events in historic sites. Opening Reception at the Castle Green - Friday, October 19, 7-9 pm. Private Tour and Reception at the Robinson House - Saturday, Oct 20, 6-9 pm. The Arts and Crafts Movement in Long Beach  - Friday, Ocober 19 9 am -4 pm. Sam Maloof House and Garden - Saturday, October 20, 9 am -... 09/01/2007

Eye Level Pasadena is a local Pasadena blog written by Jill Davis Doughtie, a local Pasadena resident. Now for those you interested in the local Pasadena Real Estate market and relocating to Pasadena, but you're really attached to your home, you gotta see what this home owner is doing... [READ ON]I wonder how the mailman keeps up? 08/22/2007

July was a strange month for Pasadena real estate. The reason....Sales of townhomes and condominiums outpaced sales of single family homes. Rarely does this occur. The market for townhomes and condominiums continues to prosper as new construction offers Buyers either the amenities or lifestyle they cannot find in a comparably priced home.The median price of a townhome/condo was $575,000 compared to $850,000 for a single family. As recently reported, there is a weakness in the market for single family homes priced below $625,000, however this market represents 70% of all the condo/townhomes sold in Pasadena for the month of July.In other areas the days on market showed an increase from 46 days on July ‘06 compared to 59 days in July ‘07. Sellers also had to be more aggressive in July. Sa... 08/09/2007

Here is some information we like to share with our clients regarding loan payoffs, it may be helpful to your clients as well!ALMOST ALL INTEREST ON LOANS ARE PAID IN "ARREARS": EXAMPLE - IF YOU MAKE YOUR PAYMENT ON THE FIRST DAY OF THE MONTH, THIS PAYMENT PAYS THE INTEREST TO THAT DATE AND NOT TO THE FIRST OF THE FOLLOWING MONTH.PAYOFFS REQUIRE INTEREST TO BE PAID TO DATE OF RECEIPT, NOT CLOSE OF ESCROW: IF YOUR LENDER IS OUT OF AREA OR OUT OF STATE ALLOW TIME FOR MAILING.ALL LENDERS REQUIRE THAT YOU KEEP PAYMENTS CURRENT ON YOUR LOAN, EVEN IF IN ESCROW: WE REQUEST THAT YOU EITHER CONTACT YOUR REAL ESTATE AGENT/LOAN BROKER OR YOUR ESCROW OFFICER IF YOU ARE GOING TO MAKE A PAYMENT DURING THIS ESCROW PERIOD.PLEASE BE AWARE THAT IF YOUR LOAN IS AN "FHA" LOAN THE LENDER WILL REQUIRE INTERES... 08/09/2007

The Pasadena Housing Market appears to be confused. The sales numbers for July reflect volume typically seen in January and February, not what you would expect for the height of what is supposed to be the home selling season. Unit sales of Single Family Homes were off almost 50% compared to last July. The median price shows an increase over last year, which I feel is attributable to what is taking place in the market. The housing market for homes priced $700,000 and above is strong and Pasadena real estate is no exception.The weakness as we have seen in the past few months is coming form homes priced below $625,000. There were only ten homes that sold last month that fall into this category. There is currently about one hundred houses on the market that are either "for sale" or in escro... 08/07/2007

Your house has been for sale now going on 60 days along with many other houses here in Pasadena and you just accepted an offer. Congratulations, time to start packing all those personal items, right? You might wait a few days before making that trip to the box store and here's why. When a Seller places a home on the market "For Sale", they are 100% committed to sell it (most of the time, I have seen some exceptions). When a Buyer has a purchase contract accepted they are usually 50% committed to buy it. Notice a disparity here?Our purchase agreement drafted by the California Association of Realtors provides for a seventeen day contingency period. Contingencies are provided to the Buyer for a number of issues including obtaining a loan, appraisal of the property, investigation of the con... 07/26/2007

In 1991 while most of the block was vacant, One Colorado was the project that let the forefront for the redevelopment of Old Pasadena. It's now the hot spot for all retail, restaurants, entertainment and business offices here. Whether you're shopping, looking for a place to have lunch or dinner, or you work here, there's always something to do out on the boulevard. Their website explains it best, "the urban experience is fresh and the retail caliber high." -- (One Colorado Website; Quick Facts). So what's going on this week in the Courtyard? Kids Day in the Courtyard | Thursday, July 26thWhy is it important? We all work long hours and sometimes don't spend much time with family. Make it a fun day, stop by and enjoy the festivities. Spend time with your kids taking them to this mini-circ... 07/25/2007