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Archive for August, 2010

Mall Fire in Fullerton

August 29, 2010 Leave a comment

Early Morning fire destroys Fullerton Mall

Sold: 3BR/2BA Single Family House in Fullerton, CA, $525,000

August 28, 2010 Leave a comment
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The Children’s Room at the Fullerton Public Library is closing for 2 weeks

August 27, 2010 Leave a comment

The Children’s Room at the Fullerton Public Library is closing for two weeks for a facelift – most of the children’s books won’t be available from Sept. 7 to 21. Library Director Maureen Gebelein said the Children’s Room – along with the Osborne Auditorium – will be painted and receive new carpeting, as well as some other infrastructure work that is part of the library’s ongoing expansion, according to a release from the city. The Fullerton Public Library’s Children’s Room will be closed from Sept. 7- 21, though some high-interest books will be available in the main room. “The Children’s Room staff will work at a desk on the main floor of the library to help children and families who come in during that time,” Gebelein said in the release. “We will also relocate some of our high-interest children’s books to the main floor so there will be some items available for children to check out.” The Hunt Branch Library, 201 S. Basque Ave., will continue to offer full services for children during the renovation of the Children’s Room. Hunt Branch hours are 10 a.m. to 6 p.m. Tuesdays and noon to 8 p.m. Thursdays. To accommodate students during the renovation, library officials contacted the elementary school district for any important classroom assignments so the library staff will have the right books available, the release stated. The closure and retrofit is part of a larger library expansion and renovation that will add 6,000 square feet and renew the existing 29,000 square feet. The Fullerton Main Library is at 353 W. Commonwealth Ave. Library hours are hours are 10 a.m. to 8 p.m. Mondays through Thursdays, 10 a.m. to 5 p.m. Saturdays, and 1 to 5 p.m. Sundays.

By ADAM TOWNSEND

THE ORANGE COUNTY REGISTER

California State Assembly passes SB 1178 protecting homeowners

August 24, 2010 1 comment
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When facing foreclosure: Call your lender.

August 18, 2010 Leave a comment

When facing foreclosure: Call your lender for your options.
by First Team Real Estate on Wednesday, August 18, 2010 at 11:10am
Many homeowners can find alternatives to foreclosure by negotiating with lenders, often with the help of foreclosure counselors. If you’re facing foreclosure, call your lender right now to determine your options, which can include loan modification or a short sale.

According to NeighborWorks “Homeowners who receive foreclosure counseling are 1.6 times more likely to avoid losing their homes than those who don’t.”

Discover how you can save your home:
Review the details
Start by reviewing all correspondence you’ve received from your lender. The letters—and phone calls—probably began once you were 30 days past due. Also review your mortgage documents, which should outline what steps your lender can take. For instance, is there a “power of sale” clause that authorizes the sale of your home to pay off a mortgage after you miss payments?

Determine the specific foreclosure laws for your state. What’s the timeline? Do you have “right of redemption,” essentially a grace period in which you can reverse a foreclosure? Are there deficiency judgments that hold you responsible for the difference between what your home sells for and your loan’s outstanding balance allowed? Get answers.

Pick up the phone
Don’t give up because you missed a mortgage payment or two and received a notice of default. Foreclosure isn’t a foregone conclusion, but it’s heading in that direction if you don’t call your lender. Dial the number on your mortgage statement, and ask for the loss mitigation department. You might stay on hold for a while, but don’t hang up. Once you do get someone on the line, take notes and record names.

The next call should be to a foreclosure avoidance counselor approved by the U.S. Department of Housing and Urban Development. One of these counselors can, free of charge, explain your state’s foreclosure laws, discuss alternatives to foreclosure, help you organize financial documents, and even represent you in negotiations with your lender. Be wary of unsolicited offers of help, since foreclosure rescue scams are common.

Be sure to let your lender know that you’re working with a counselor. Homeowners who receive loan modifications with the help of a counselor also reduce monthly mortgage payments by $454 more than homeowners who receive a modification without the aid of a counselor.

Discussing alternatives
The most attractive option that’ll allow you to keep your home is a loan modification that reduces your monthly payment. A modification can entail lowering the interest rate, changing a loan from an adjustable rate to a fixed rate, extending the term of a loan, or eliminating past-due balances. Another option, forbearance, can temporarily suspend payments, though the amount will likely be tacked on to the end of the loan.

If you’re unable to make even reduced payments, and assuming a conventional sale isn’t possible, then it may be best to turn your home over to your lender before a foreclosure is completed. Your lender can approve a short sale, in which the proceeds are less than what’s still owed on your mortgage. A deed-in-lieu of foreclosure, which amounts to handing over your keys to your lender, is another possibility. The earlier you begin talks with your lender, the more likelihood of success.

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Biggest Brown Caught on the Middle Provo by David

August 13, 2010 Leave a comment

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30-Year, 15-Year Fixed-Rate Mortgages Drop Again

August 13, 2010 Leave a comment
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