Friday, January 30, 2015

@ the Fairplex in Pomona - Horse Expo 2015

AlfonsoGomezBroker.com -

Jan30, 2015 - Feb 01, 2015

09:00 AM - 06:00 PM

Horse Expo Pomona

Location: Several Fairplex expo halls and campus locations

Horse Expo Pomona is a must-attend event for any horse owner.
In three short days, you can catch up on the latest training and education, shop the nation’s premier equine vendors and connect with your horse friends.
Open daily 9 a.m.-6 p.m.

Buy online now & save: Now through Feb. 1 -  $15 a day
At the door:
$18 general admission
$5 ages 7-13 (ages 6 & under are free)
$45 for a 3-day pass

Parking is $10 at Gate 17 on Fairplex Drive 

Visit the website for more information including schedules and clinician appearances

SoCal Museums FREE-FOR-ALL - This Weekend!!

 
 
AlfonsoGomezBroker.com - Over 20 museums— presenting art, cultural heritage, natural history, and science—will open their doors and invite visitors free of charge. This offer is for general museum admission only and does not apply to specially ticketed exhibitions. Regular parking fees apply. Consult individual museum websites for hours and other visitor information.
 
“Museums Free-For-All” partners with Metro, encouraging visitors to Go Metro to explore the participating museums, many of which are a short walk away from Metro Bus or Rail. Go Metro to more museum destinations at metro.net/discounts.
  
Make sure to check in on Yelp when you visit a museum.

For the entire list of museums click HERE

Friday, January 23, 2015

@ The Pomona Fairplex This Weekend

AlfonsoGomezBroker.com -

Saturday, January 23, 2015 -
  • Public Auction - Cars, Trucks, Vans & More... Click HERE for all details
  • Grand National Roadster Show - Click HERE for all details
Sunday, January 24, 2015 -
  • Millard Sheets Art Center Free Family Workshops - Click HERE for all details
  • Palates & Palettes by Millard Sheets Art Center - Click HERE for all details

Wednesday, January 21, 2015

December home sales and price report

AlfonsoGomezBroker.com -

December-14Median Sold Price of Existing Single-Family HomesSales
State/Region/CountyDec-14Nov-14 Dec-13 MTM% ChgYTY% ChgMTM% ChgYTY% Chg
CA SFH (SAAR)$452,570$444,830r$438,790r1.7%3.1%-2.9%0.6%
CA Condo/Townhomes$363,910$369,040 $338,520r-1.4%7.5%15.7%0.2%
L.A. Metro Area$411,050$417,270 $400,040r-1.5%2.8%18.2%0.3%
Inland Empire$281,660$276,950 $271,930r1.7%3.6%19.2%3.4%
S.F. Bay Area$718,370$748,870 $659,700r-4.1%8.9%-0.8%-2.6%

Southern California         
Los Angeles$464,650$434,070r$439,830 7.0%5.6%19.5%-0.8%
Orange County$683,490$689,480 $677,660 -0.9%0.9%12.9%-2.8%
Riverside County$322,020$320,880 $310,020 0.4%3.9%26.0%2.3%
San Bernardino$216,020$213,780 $199,020r1.0%8.5%9.1%5.5%
San Diego$494,500$491,690 $479,690 0.6%3.1%22.9%6.8%
VenturaNA$549,440 $535,180 NANANANA

For the full article click HERE

Tuesday, January 20, 2015

12 Winter Tips Homeowners Need

AlfonsoGomezBroker.com -

12 Winter Tips Every Homeowner Needs To Know:
  1. Allow your faucets to drip (for homes where temperature drops below freezing)
  2. Leave your house immediately if you detect the smell of gas
  3. Turn down the thermostat
  4. Give your furnace a good inspection
  5. Clean or replace your furnace filters
  6. Check all windows for drafts
  7. Examine windows and doors to check for ice accumulation
  8. Check your attic for frost
  9. Clear exhaust vents around the outside of you house
  10. Ensure your CO2 detector and smoke detector are working
  11. Close fireplace dampers when you're not using the fireplace
  12. Make sure the heat is actually getting to you
For the full article click HERE

Monday, January 19, 2015

All-Cash Sales Continues To Decline

cash home sales
 
AlfonsoGomezBroker.com - In a sign that the housing market may be reaching it's peek, all cash sales have once again declined. There are many reasons for this mainly because investors are starting to see that their profit margins are decreasing to a point that they would rather not buy.
 
This is good news for first time buyers because this will mean that there is less competition for homes. With the absence of the all call offer, the financed offers are now in a much better position.
 
We'll have to see if this decline continues throughout this year but from the CoreLogic estimates this trend will continue.
 
For the full DSNews article click HERE

28 Ways To Improve Your Life

AlfonsoGomezBroker.com -
  1. Plan you day based on your body's energy cycles
  2. Take power naps daily
  3. Wake up at the same time every day
  4. Drink lots of water
  5. Avoid energy drinks
  6. Don't smoke/quit smoking
  7. Organize your life
  8. Have a protein-packed breakfast
  9. Dress up with vibrant colors
  10. Exercise for 20 minutes after you wake up
  11. Get enough sleep
  12. Define your top three most important tasks for the day
  13. The 60/10 rule
  14. Meditate and express gratitude
  15. Have accountability partners
  16. Don't compare yourself to others
  17. Cut out people who drag you down
  18. Introduce music or white noise to improve focus
  19. Do the hardest or most unappealing tasks first
  20. Write things down and capture every idea
  21. Put loose change in a jar
  22. Write down yesterday's expenses
  23. Unsubscribe from junk email and catalogs
  24. Pack a meal, coffee, or snack
  25. Speak words of affirmation
  26. Listen to your favorite song
  27. Read 10% of a non-fiction book every day
  28. Learn a new word every day
For full article click HERE

Friday, January 16, 2015

@ The Pomona Fairplex - Asian American Expo - Sat. Jan 17th

 
AlfonsoGomezBroker.com -
 

Jan 17, 2015 - 18, 2015

10:00 AM - 07:00 PM

Asian American Expo

Location: Fairplex expo halls

Celebrate the Lunar New Year with us

Features more than 800 booths in four large expo halls showing services, products, information, Saturday's new Lunar Palooza and more.

Food courts and spectacular non-stop performances are featured on six separate stages.

This is the Lunar Palooza, a place where everyone – young and old can share a common connection of welcoming a fruitful new year.

Lunar Palooza-Saturday, $5 admission, open until midnight

Presenting the first ever Lunar Palooza - a night time musical festival extravaganza, this event will take place in two exposition halls and on two performing stages. Highlighting the outdoor concert stage is a diverse lineup featuring Lydia Paek from from YG Entertainment, Jason Chen, Yultron, Nylon Pink, NomTom & MeeToo, Meeghan Henry and rapper Tha One. Inside the Doraemon themed festival hall; DJ Peter Rocks, DJ Greg Hignight, J Del Martin will be remixing beats all night long.

Don’t forget the food – Lunar Palooza features an eclectic mix of local and global food selections.

Admission $10; ages 65+ $7; ages 4-12 $7

Saturday 10 a.m.-midnight (Lunar Palooza $5 admission)
Sunday 10 a.m.-7 p.m.

Parking is $10 at Gate 9 on White Ave.

Visit here for more information  

City of Diamond Bar Winter Snow Fest Sat. Jan. 17th

 
AlfonsoGomezBroker.com -
 
Winter Snow Fest
Date: 1/17/2015 9:00 AM - 3:00 PM
Cost: free admisson; nominal fee for rides/games
 
  • Four sledding hills and a generous snow play area will be created using 90 tons of snow
  • Arts, crafts and games
  • Performances by youth music, drama and dance groups
  • Food booths operated by local nonprofits
THINGS TO KEEP IN MIND:
  • Admission into the event is free, but a wristband for unlimited sledding costs $5 and participation in activities requires a $1 punch card, each good for four games or crafts
  • Only cash is accepted as a form of payment
  • Sleds are provided; no personal sleds are permitted
  • Children sledding or playing in the snow must wear closed toed shoes; pants, long-sleeved shirts and gloves are strongly recommended.
     
Free shuttle service to and from Pantera Park and the surrounding neighborhood will be available during event hours.



Thursday, January 15, 2015

Ocwen Financial Corp Cause Have Cal. License Suspended

AlfonsoGomezBroker.com - It have been many years since I've done a short sale. During the foreclosure years I did many short sales and all banks were very difficult to work with. Even on top of that there were still a handful of banks that were complete nightmares and just unreasonable. Ocwen Financial Corp was one of the worst.

These bank did not follow, their own rules nor did they follow, California's rules and laws. They simply did whatever it felt like doing which was 100% unfair to homeowners that were trying to do the right thing by short selling their home.

On Tuesday, Jan 12, 2015, California's Department of Business Oversight is moving to halt Ocwen's operations in the state after the company failed to provide documentation about its compliance with California's Homeowner Bill of Rights.

Surprise surprise... NOT REALLY. Ocwen already settled with the State of New York on other violations and I don't think they're going to allow their license suspension to go through without forking out more money to keep their business going in one of their largest business states. This bank has too much money and they play by their own rules...

For the full article click HERE

Walking Away From Your Mortgage Just Got Easier

AlfonsoGomezBroker.com - On Tuesday, Jan. 13, 2015, the U.S. Supreme Court ruled that a borrower can rescind their mortgages simply by notifying creditor in writing of their intention to rescind within three years under a key fair lending law.

The U.S. Supreme Court overturned a Sept. 2013 Eighth Circuit ruling that the petitioners, Larry and Cheryle Jesinoshi of Eagan, Minn., were required to sue Countrywide Home Loans Inc. to have their mortgage financing rescinded within three years of the transaction closing under the Truth In Lending Act (TILA). According to the Jesinoskis the TILA only states that they needed to provide a notice of rescission in writing with those three years, an argument that the U.S. Supreme Court supported.

This is a great blow to the lenders out there that want to make life a complete nightmare for borrowers who were victimized by their illegal loans. I applaud the U.S. Supreme Court for their decision and I hope this ruling helps homeowners who were scammed by these larger than life banks. I fear the these large banks will come up with other ways to try to avoid liability.

For the full article click HERE

Wednesday, January 14, 2015

Top 4 Home Projects Nationally In Terms of Cost Recouped

AlfonsoGomezBroker.com -

Top 4 projects nationally in terms of cost recouped:

1. Entry door replacement (101.8%)
2. Manufactured stone veneer (92.2%)
3. Garage door replacement (88.5%)
4. Siding replacement, fiber cement (84.3%)

Loan Modification Are NOT A Good Ideas. Majority Of The Time...

AlfonsoGomezBroker.com - I have always believed that loan modifications are very risky. They're risky both monetarily and emotionally. Homeowners, or any person in distress for that matter, are extremely vulnerable and are not typically thinking straight.

The numbers... if the home is underwater, the balance owed is higher than the value of the home, the logical thing to do is to let the home go. The numbers don't add up because why would anyone pay more for something that's not worth it? The smart and logical thing to do is, let it go, rent for three or four years and buy again then. After that time (3 to 4 years) you'll buy a home with a 30 year loan, compared to a 40 year loan in most loan modifications, and owe A LOT less for maybe a bigger and better home.

Emotional attachment and pride of ownership... most homeowners refuse to see the numbers because of their emotions. Emotions and pride (of ownership) will typically overcome any rational thoughts hence homeowners will reach out to lenders for a loan modification.

Loan modification  are only a smart idea if you have a long term plan (15 to 30 years). Most loan modifications are 40 year terms. Right or wrong loan modifications are available for most homeowners behind on their mortgage payment, and something even if you're not behind.

My opinion is that you balance the numbers with the emotions for the best decision for you and your family's long term goal. Try not to let your emotions and pride completed overtake the numbers and then you'll see what makes the most sense, let it go...

Tuesday, January 13, 2015

Suspect Arrested in Calif. Agent Abduction Case

AlfonsoGomezBroker.com - Police have arrested a man in connection with the kidnapping of an Elk Grove, Calif., real estate agent at gunpoint at a model home late last week.
David Burnhart, 47, a registered sex offender, was arrested Friday and will likely face charges of robbery, burglary, kidnapping, false imprisonment, and illegal possession of a firearm, says Elk Grove Police  spokesman Chris Trim.
For full article click HERE

When Selling Your Home, Safety First

SafetyFirst

Friday, January 9, 2015

Calif. Agent Kidnapped During Showing

AlfonsoGomezBroker.com - This is always very upsetting to me when I read about real estate professionals being attacked, harmed, kidnapped, robbed, etc. Luckily in this story, the real estate professional was not harmed.

As a real estate professional, we meet people, total strangers, all the time. I understand that and accept that fact. It fall upon us, the individual professional to use our sixth and seventh sense. When ever anything smells fishy or wrong, we must act, FAST.

Unfortunately, majority of attacks happen to female professionals. It is extremely important that we all use precautions to minimize our risk.
  • Always ask to meet clients for the first time at your office or public place.
  • Always advise co-workers where you'll be and what time.
  • Always be aware of your surroundings and always know the exits.
  • Ask your clients to provide proof of loan approvals before showing homes, this way you'll know that they're serious and you'll know who they are. If they refuse, something is wrong.
  • When showing a home, always walk behind your client.
  • Always have your cellular phone charged and on your person.
  • When showing a home always leave the front door, and side doors when you get there, open.

These are just some ideas. I want all my clients to know that I may act overly precaution at first but that's only for my own safety. 

For the full article regarding the real estate kidnapping click HERE

Wednesday, January 7, 2015

City of Diamond Bar Home Sales for 2014

AlfonsoGomezBroker.com - The following are the City of Diamond Bar Home Sales for 2014:

Single Family Residence Sales (Total 388):
  • Standard Sales - 361
  • Bank Owned (REO) - 5
  • Short Sales - 18
  • Probate Sales - 4
  • HUD Owned - 0

Most Expensive Single Family Residence Sale: $6,180,000 on August 26, 2014
Least Expensive Single Family Residence Sale: $328,000 on December 23, 2014

Condominium/Townhouse Sales (Total 217):
  • Standard Sales - 203
  • Bank Owned (REO) - 5
  • Short Sales - 7
  • Probate Sales - 2
  • HUD Owned - 0

Most Expensive Condominium/Townhouse Sale: $730,000 on July 15, 2014
Least Expensive Condominium/Townhouse Sale: $170,000 on July 3, 2014

Source of data is California Regional Multiple Listing Service, Inc.

City of Pomona Home Sales for 2014

AlfonsoGomezBroker.com - The following are the City of Pomona home sales for 2014:

Single Family Residences (Total Sales: 769):
  • Standard Sales - 631
  • Bank Owned (REO) - 45
  • Short Sales - 72
  • Probate Sales - 17
  • HUD Owned - 4
Most Expensive Single Family Residence sale: $910,000 on July 22, 2014
Least Expensive Single Family Residence sale: $120,000 on May 30, 2014

Condominiums & Townhouses (Total Sales: 113):
  • Standard Sales - 96
  • Bank Owned (REO) - 2
  • Short Sales - 14
  • Probate Sales - 1
  • HUD Owned - 0
Most Expensive Condominium/Townhouse sale: $438,999 on July 9, 2014
Least Expensive Condominium/Townhouse sale: $74,000 on May 28, 2014

Source of data is California Regional Multiple Listing Service, Inc.

Tuesday, January 6, 2015

Home Buyers - Tech-Smart

Tech Smart Buyers

Fairplex - Reptile Super Show

 
AlfonsoGomezBroker.com - January 10th & 11th, 2015 - Fairplex in Pomona
 

Reptile Super Show

Location: Expo Hall 4

Welcome to the world's largest reptile show with rare & unique animals including lizards, turtles, frogs, supplies and more
Saturday 10 a.m.-6 p.m.; Sunday 11 a.m.-5 p.m.

$14 adults and $9 for ages 12 & under

Parking $10 at Gate 17 on Fairplex Dr.

Please leave your pets at home

Tickets are sold at the door

Visit for more information 

Monday, January 5, 2015

Deal Killer - When Sellers Want Everything And The Kitchen Sink

AlfonsoGomezBroker.com - There was an article recently about sellers taking more than they should at closing. Some seller take expensive chandeliers or one seller wanted to take the entire kitchen... To make matter worse sometimes, sellers don't tell their agent of their intentions.

What can happen you may ask, well the buyers can sue the sellers for the return of the items or the value of replacing the items. If the buyer discovers this bait and switch before closing, the buyer can cancel the deal.

Word to the wise, whenever selling a home, make sure you disclose to your agent what exactly you're going to take with you after the home sells. This way you can avoid uncomfortable conversations down the road...

For the article mentions click HERE

Landlords and NEW LAWS in 2015 - MUST READ!

AlfonsoGomezBroker.com - There are a few new laws that affect landlords that will come into effect January 1, 2015 and some of them already have been in effect since this past September. 

AB 2561 – Backyard Plants

Effective January 1, 2015.    This new law requires a landlord to permit a tenant to participate in “personal agriculture” in portable containers approved by the landlord in a tenant’s outdoor backyard.  The tenant is allowed to do ground level planting only for fruit and vegetables.  NO marijuana planting for personal use is allowed.

AB 2565 – Electronic Vehicles

Effective July 1, 2015.  Landlords must allow for the installation of electric vehicle charging stations by renters so long as they meet the electronic station requirements at the tenant’s expense.  This applies to any lease, executed, renewed or extended on or after July 1, 2015.  The landlord must approve the process for modification. The law does not apply to properties with less than five parking spaces and properties subject to Rent Control.  The law requires a tenant to maintain a $1,000,000 Lessee’s general liability insurance policy.  The tenant would be required to pay for all costs prior to installation, and later for all costs of damage, maintenance, repair, removal and replacement of the charging stations.

AB 2310 – Evictions Los Angeles, Long Beach

Effective September 1, 2014.  The law allows the city attorney of these cities to demand that a landlord evict a tenant for unlawful possession of weapons and ammunition.  If there are safety issues, the law allows the city attorney to bring the action on behalf of the city.  Prior to filing the action, the city attorney must give a landlord a thirty day notice requiring the landlord to evict their tenant.  The basis for the eviction would be an arrest or warrant by a law enforcement agency for illegal possession of weapons and or the reporting of an offense at the property. 

AB 2747- Security Deposit Electronic Communications

Effective January 1, 2015. This law allows a landlord and a tenant to agree to use electronic communications regarding general security deposit issues.  The law allows the landlord to use email for some of the requirements of a security deposit including the Right to Inspect the property prior to the termination of tenancy.  However, a security deposit itemization is not included in this provision.  Delivery of the itemization MUST still be by Personal Service or First Class Mail.

Assembly Bill No. 60 – Driver’s Licenses

After January 1, 2015, the Department of Motor Vehicles will issue driver licenses to individuals who do not provide a social security number on their application, but provide satisfactory proof that their presence in the U.S. is authorized under federal law. Further, the DMV may also issue a license to an individual if they are unable to show proof of legal residence. The applicant may sign an affidavit attesting they are ineligible for a SSN and unable to show proof of legal residence.  This applies to landlords in that they may not use the new license to deny a prospective tenant an apartment during the screening process.

Senate Bill No. 745 – Smoke Alarms

All smoke alarms sold in California after July 1, 2014 will have a non-replaceable, non-removable battery capable of powering the smoke alarm for at least 10 years. The amendment does not apply to smoke alarms that have been ordered by, or are in the inventory of an owner, managing agent, contractor, wholesaler, or retailer on or before July 1, 2014, until July 1, 2015.

Beginning January 1, 2015, all smoke alarms must display the date of manufacture on the device, provide a place on the device where the date of installation can be written and incorporate a hush feature to be approved and listed by the State Fire Marshal. Landlords of all residential rental units will have to change the smoke alarms to conform to Senate bill No: 745.

Senate Bill No. 612 – Domestic Violence

A tenant may notify landlords that he or she, or a household member, was a victim of domestic violence, sexual assault, stalking, human trafficking, or abuse of an elder or dependent adult, and intends to terminate the tenancy.  To terminate the lease, the notification must be written and include one of the following attached to the notice:

A copy of the restraining order, emergency protective order or protective order from the courts;

A copy of the police report; or documentation from a qualified third party, such as a doctor.

Assembly Bill No. 10 – Minimum Wage

Minimum wage increased to $9 per hour on July 1, 2014 and will be raised to $10 per hour on January 1, 2016. Landlords may be required to pay on site managers the prevailing minimum wage.

Evictions and 3-Day Notices

There are also a few California Appellate court cases that have been decided this past year which impact landlords and specifically evictions.

      The first case Foster v. Williams (2014) 229 Cal. App. 4th, Supp. 9 gives a new statutory description of how a 3-Day Notice to Pay Rent or Quit must list the person to be paid. We recommend that all of our clients list a physical address to which to pay rent to and list an individual to pay rent to NOT just a Corporation or a LLC.  The judges in Los Angeles and in Lancaster have determined that the person to pay rent to on a three day notice must be a natural person.

Also, it is advisable to list that under the dates and times in which rent can be paid that you list Monday through Sunday, otherwise some judges will deem your notice invalid if you serve the notice on any other day than aMonday or Tuesday.

        There was also a new case published the Bank of New York Mellon v. Preciado (2013) 224 Cal.App 4th Supp, 2, 169 Cal. Rptr 2d 653 which has changed the requirements when filing a post foreclosure unlawful detainer action.  You can no longer rely on merely having a certified copy of a trustee’s deed upon sale to prove up your case.  Rather, after this ruling it is advisable to have all documents recorded in the chain of title in order to prove your case, specifically, the deed of trust, the notice of default, the notice of trustee’s sale and the Trustees Deed upon Sale.