New Foreclosure list

I have a new list of 59 Californai foreclosed properties for 58 cnets on the dollare contact me for information. (949) 233-5239

Smoke Detectors Do Save Lives!

A few days ago, while "cooking" dinner, we set off our smoke alarm. As I'm sure you already know, that is not one of the most ear-pleasing sounds to come out of a kitchen. I did the standard: turned on the fans, opened the windows, and wildly waived a towel in front of it.

When the noise and the ensuing household chaos finally subsided, I realized that in the few years we have been in our house, I had never known if that smoke alarm worked. This is the single device most likely to save my family's lives in the event of a fire, and I didn't know if it worked. I was appalled with myself.

You may or may not be in the same boat as me, but its worth checking out your smoke detectors when you read this statistic: you and your family are twice as likely to die in a serious house fire if you don't have smoke alarms than if you do!

A few more suggestions while we're on the subject of smoke detectors:

-If you don't have them, get and install smoke alarms now! If you do have them, make sure they work!

- Buy smoke alarms that have the seal of approval from an independent testing firm such as Underwriters Laboratories (UL) or Factory Manual (FM).

- Your house should have at least one smoke alarm on each level and one outside each bedroom.

- You should test your smoke alarms at least once a month, and you should replace the batteries in the smoke alarms at least once a year. Many people change their batteries when they change their clocks in the spring and fall.

- Make certain everyone in your family can recognize the sound of the smoke alarm(s), and they know what that sound means.

- You should plan escape routes from every room in the house, and you should figure out at least two ways to get out of each room.

55 Cents on the dollar coming soon

I am supposed to have a new list of discounted foreclosure properties this week with many as low as 55 cents on the dollar out this week. Contact me if you are an investor who is interested in these great deals.
Phone (949) 233-5239

Happy Valentines Day

You are special and we are glad that you are here with us today!
Many blessings to you,
Love,
Nedalee

Power Plant Public Meeting, Ladera Ranch

The South Coast Air Quality Management District
RESCHEDULED MEETING
NOTICE OF PUBLIC CONSULTATION MEETING
On a Proposed New Power Plant in Ladera Ranch, CA

Thursday, March 6, 2008
6:30 pm – 9:00 pm
Ladera Ranch Elementary School
29551 Sienna Parkway
Ladera Ranch, CA 92694


Purpose of the Meeting:
The South Coast Air Quality Management District (AQMD) has received applications for Permits to Construct and Operate a new power plant to be located in Ladera Ranch, as described below. The AQMD will be holding a Public Consultation Meeting to discuss the AQMD’s permitting process for the proposed power plant. The purpose of this meeting is to share information about the power plant and its associated air quality and public health impacts, as well as to provide an opportunity for the public and interested parties to provide comments and ask questions related to air quality and public health impacts of the project.

The AQMD is the air pollution control agency for all of Orange County and the Non-desert portions of Los Angeles, Riverside and San Bernardino Counties. Anyone wishing to install or change equipment that could be a source of air pollution within this region must first obtain a permit from the AQMD. However, AQMD does not make any land use or zoning decisions. These decisions are typically made by the City or County.

Project Applicant: Wellhead Power Margarita, LLC
Proposed Project Location: 28400 Antonio Parkway, Ladera Ranch, CA

Project Description/Background:
Wellhead Power Margarita, LLC has filed applications with the AQMD seeking approval to construct and operate a 48 megawatt (MW) power plant. Each MW of electricity can provide enough power for about 750 households. The proposed power plant will use natural gas as fuel to operate a combustion turbine generator capable of producing 48 MW of electricity. The applicant is also proposing to use a 635 horsepower natural gas fired internal combustion engine to boost pressure for the natural gas supplied to the gas turbine and an 18,000 gallons aqueous (diluted) ammonia storage tank. The power plant is proposed to be operated to meet electrical generation needs during periods of high demand. This project will use the best available technology (catalysts) to control air pollution which will result from the operation of the equipment.


Contact Information:
All interested parties are encouraged to attend the Public Consultation Meeting. If you have any questions regarding this meeting, please contact Ms. Lourdes Cordova Martinez at (909) 396-3214 or Mr. John Yee at (909) 396-2531

Loan Limit Increases Are Coming

The House and the Senate have agreed on the stimulus package that will allow the conforming loan limits to be raised by FNMA and FHLMC. President Bush is expected to sign the bill as early as next week. However, there are many details to be worked out and I would like to point out a few of the unresolved questions that still need to be answered. 1) The loan limit based upon 125% of the area medium would allow Orange County to be raised to $729,750. 2) Who will have access to the new higher limits? Currently the bill passed says any new purchase from the date of implementation to December 31st, 2008. There is a real question on refinancing. As it reads today only loans closed after July 1st, 2007 will be allowed to use the higher limits to refinance. Again, this may change. 3) Even though the limits are raised that doesn't mean that rate will be the same for all loans from $417,000 to $739,500. FNMA and FHLMC have stated the rates could be higher the higher the loan amounts even though they are all conforming. An example is $417,000 to $550,000, $550,000 to $625,000 and $650,000 to $729,750. They feel the risk will be greater and these are still jumbo loans in the minds of the investors buying the securities. 4) As FNMA and FHLMC have to set money aside in reserves for each loan made they are in question as to whether they have the ability to finance all of the new loans. 5) Any new borrower wanting to refinance must comply to the standard guidelines which means they must have the required amount of equity. If they owe more than their home is worth they will not have access to the program. 6) Orange County is now considered a Category 4 area. That means whatever the loan to value guidelines are with FNMA and FHLMC we are required to cut that back by 5% for Orange County properties. What was 95% is now 90%. What was 90% is now 85% and so on. This went into effect 1/18/2008. This will not be a cure all by any stretch but it will help those clients of yours wanting to purchase now and take advantage of the value propositions out there at better terms that what is currently available....at least until December 31st, 2008. I will keep you informed as the details materialize.

Median home price info for California

Calif. median home price - November 07: $488,640 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region November 07: Santa Barbara So. Coast $1,075,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region November 07: High Desert $262,650 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Third Quarter 07: 24 percent (Source: C.A.R.)

Mortgage rates - week ending 01/17: 30-yr. fixed: 5.69%; Fees/points: 0.5% 15-yr. fixed: 5.21%; Fees/points: 0.4% 1-yr. adjustable: 5.26%; Fees/points: 0.6% (Source: Freddie Mac)

FED CUTS INTEREST RATES BY HALF A POINT

The Federal Reserve this week cut a key short-term interest rate by a half-percentage point, the second significant rate cut in just over a week, in an effort to stave off a growing risk of a national recession.