March 2012 Client Challenge WIN PADRE OPENING TICKETS

REMEMBER YOU DO NOT HAVE TO BE A PAST CLIENT TO PARTICIPATE!

We would like thank everyone who joined us for our last Client Appreciation Party back in January! Now announcing our First Client challenge of this year! All you have to do is leave a facebook comment, email or text us what “HOME” means to you by March 19th and the drawing will be on the 20th. Play to win Padre’s opening day tickets and be entered in our end of the year raffle during our next client appreciation party. Prizes including but not limited to an Apple Mac Book Pro, a Flatscreen TV, and a San Diego At Home Weekend fun package!

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Japan Offers Cherry Trees To People of San Diego and Port of San Diego

To celebrate the 100th anniversary of the first gift of cherry trees from Japan to the United States, the Consulate-General of Japanin Los Angeles is offering more than 20 Pink Cloud cherry trees to the people of San Diego through the Port of San Diego.

Kuniko Nakamura, a Consul with the Consulate-General, attended the Board of Port Commissioners meeting on Tuesday, Feb. 14, 2012, and asked the Commissioners to accept the offer of the cherry trees “as a symbol of friendship between the United States and Japan.”

By unanimous vote, the seven-member Port Commission approved a resolution accepting the offer. Read more of this post

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.

Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.

“There are neighborhoods across the country full of empty homes and underwater owners that have legitimate offers, but unresponsive banks,” said Murkowski. “What we have here is a failure to communicate. Why don’t we make it easier for Americans trying to participate in the housing market, regardless of whether the answer is ‘yes,’ ‘no’ or ‘maybe?’”

The legislation, also known as the Prompt Notification of Short Sale Act, will require a written response from a lender no later than 75 days after receipt of the written request from the buyer. Read more of this post

Obama’s Budget Calls for $61B from Banks

President Obama’s budget proposal continues to receive a barrage of criticism, especially from Republican lawmakers.

Obama specifically targets banks through a Financial Crisis Responsibility Fee, through which he intends to raise $61 billion from the nation’s largest banks.

The money is intended to “compensate the American people for the extraordinary assistance they provided to Wall Street, as well as to discourage excessive risk-taking,” according to the budget proposal.

A portion of the fees collected from the big-bank tax would be used to fund the mass refinance program outlined in the president’s State of the Union address. The fee would be assessed against firms with assets of more than $50 billion and would be paid over a 10-year period, starting next year.

“The Administration continues to actively implement ongoing Troubled Asset Relief Program (TARP) activities targeted to assist homeowners threatened by foreclosure, including unemployed homeowners and those with negative home equity,” Obama goes on to declare in the budget proposal. Read more of this post

9th Annual Guacamole Bowl Cook-Off Contest

Guacamole lovers, feast your mouths on this!! Well, it’s not exactly a cook-off, but more of a whip-up. Teams will come together and use their own guacamole recipes that will be entered into a contest for the best tasting concoction. Come hungry and vote for your favorite! Admission $5.00 – includes a bag of chips and a vote of your choice. Benefits “Sports for Exceptional Athletes.”

Time: Feb 25, 2012 10:00 am – 2:00 pm
Location: Balboa Park, 2150 Pan American Rd West, San Diego
For more information visit www.guacamolebowl.com

Condo or House: Which is Right for You?

The past several years have certainly been turbulent times for the real estate industry. Home prices are the lowest they’ve been in decades making home ownership very enticing. When it comes time for a family or individual to consider purchasing their first home, there are many options to consider. The choice of whether to buy a house or a condo is a complicated decision that a new homebuyer will have to contend with. Both houses and condos have their respective advantages and disadvantages and it is ultimately up to the individual to decide which choice woudl suit them best. Let’s discuss the main positives and negatives of each option. Read more of this post

Port Commission Approves Artistic Team For Lighting San Diego-Coronado Bay Bridge

Port Commissioners have embraced a selection panel’s recommendation of a combined European and North American artist-led design team to artistically light the iconic San Diego-Coronado Bay Bridge.

The Board of Port Commissioners accepted the recommendation at its monthly meeting on Tuesday, Sept. 7, 2010. The team will be lead by London-based artist Peter Fink of FoRM Associates in collaboration with Speirs and Major Associates and Buro Happold. The team was selected over two other finalists, the Bideau Company and the team of Ned Kahn/ Patrick McInerney/Arup.

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