Archive for the ‘HAFA’ Category

A few more stores will be added to FootHill Square Shopping Center. On the horizon are several new stores: Ross Dress4Less, Foods Co (the Ralph’s/Kroger grocery chain), Anna’s Linens and Subway Restaurant. Initially, I knew about Ross and Subway. Foods Co is a wonderful addition to the FootHill Square redevelopment model. There is ample parking and the mall is easily accessible from I-580 freeway.

To buy homes surrounding FootHill Square, click here.

Driving past Foothill Square has been heart breaking FootHill Square has been a commercial ghost town for a number of years. Albertson’s closed and that eliminated a large grocery chain for many residents in the hills and the San Leandro border. After losing Albertson’s, Walgreens closed its doors. Pizza Hut and Churches Chicken followed suit and closed their retail locations.

Many of the current stores are scattered in the shopping mall have moved to one side to start the construction of Ross Dress For Less. Ross Dress For Less is speculated for the end of summer 2012.

Home values should increase with the addition of new stores attracting more revenue and positive interest in the community. I’m also looking forward to increased job growth in Oakland. Let’s patronize these new stores in FootHill Square and bring revenue back to Oakland. Foothill Square is located at 10700 Foothill Oakland, CA 94605.

Talk to you soon. Leona Greenlow-Turner (510) 712-6537 Leona@LeonaTurner.com

See listings in your area at: www.ISellSanLeandroHomes.com

Like Bay Area Real Estate Today on FaceBook www.FaceBook.com/BayAreaRealEstateToday

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East Oakland welcomes a new CVS Pharmacy at the Eastmont Mall. This is a welcome change to this area. After speaking with the manager, Sunny, he said the scheduled grand opening is Sunday, April 5, 2012. I spoke with local area resident and she’s extremely excited about the new pharmacy. For many living in East Oakland, including myself, it’s difficult to find commercial, big box type stores in close proximity. The nearest CVS is on East 14th St in San Leandro.

This CVS is large with ample parking and a drive-thru pharmacy.

I would love to see a rejuvenation of Eastmont Mall, similar to Bay Fair Mall in San Leandro. Bay Fair has great big box stores like Staples, Kohl’s, Target, Bed Bath and Beyond, and several restaurants. A few great restaurants, an Office Depot, and a K-mart or Target would bring monetary benefits to East Oakland.

My pet peeve is the lack of grocery chains in East Oakland. Over the years, we have lost Lucky and Safeway. Where is WinCo, Foods Co, Food4Less, or the new Maxx Foods in Macarthur and 39th Ave? I’m thankful to Gazzali’s Market for stepping up to the plate to give local residents somewhere to buy groceries.

Currently, Eastmont Mall has two clothing stores, a gas station, Subway, Taco Bell, Burger King, Sheik (shoe store) , Bank of America, East Oakland Branch Public Library, Gazzali’s Market, DD’s, McDonald’s, Auto Parts and a few other small stores and county offices.

Let’s patronize East Oakland’s CVS Pharmacy at 7200 Bancroft Ave.

Talk to you soon. Leona Greenlow-Turner (510) 712-6537 Leona@LeonaTurner.com

See listings in your area at: www.ISellSanLeandroHomes.com

Like Bay Area Real Estate Today on FaceBook www.FaceBook.com/BayAreaRealEstateToday

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In the last two years, only 838,000 homeowners have used the HARP program. As a result, HARP has been accused of missing the mark.

On October 24, 2011, there was a major announcement made about changes to the HARP program. The biggest change is that some homeowners who are significantly underwater (over 125% loan to value) can now qualify for the program.

Here are some answers to commonly asked questions about the new revamped HARP program (HARP 2.0):

What Is HARP?

HARP was started in April 2009. The government calls it Home Affordable Refinance Program.

In order to be eligible for the HARP refinance program:

  1. Fannie Mae or Freddie Mac must back your loan.
  2. Your current mortgage must have a securitization date      prior to June 1, 2009.

If you meet these two criteria, you may be HARP-eligible. If your mortgage is FHA, USDA or a jumbo mortgage, you are not HARP-eligible.

How do I know if Fannie Mae or Freddie Mac holds the mortgage? You can use lookup tools on the Fannie Mae and Freddie Mac websites.

If Fannie Mae or Freddie Mac holds the mortgage, is the borrower automatically eligible for the Home Affordable Refinance Program? No. There are a number of criteria. Having your mortgage held by Fannie or Freddie is just the beginning.

What if neither Fannie Mae nor Freddie Mac has a record of the mortgage? If neither Fannie nor Freddie has record of the mortgage, the borrower is not eligible for this refinance program.

Is a borrower eligible for the Home Affordable Refinance Program if s/he is behind on the mortgage payments? No. You must be current on your mortgage to refinance through this program.

Will the Home Affordable Refinance Program help borrowers to avoid foreclosure? No. The Home Affordable Refinance Program is not designed to delay, or stop, foreclosures. It’s meant to give homeowners who are current on their mortgages, and who have lost home equity, a chance to refinance at today’s low mortgage rates.

What are the minimum requirements to be eligible for HARP? First, the home loan must have been paid on time for the last 6 months, and at least 11 of the most recent 12 months. Second, your mortgage must have been sold to Fannie or Freddie prior to June 1, 2009. Lastly, you may not have used the HARP program before: only one HARP refinance per mortgage is allowed.

Is there a loan-to-value restriction for HARP? No, there is no loan-to-value restriction. All homes (regardless of equity) are eligible for the HARP program—just as long as the borrower and the loan meet all of the other criteria.

What’s the biggest mortgage you can obtain with a HARP refinance? HARP refinances are limited to your area’s conforming loan limits. In most cities, the conforming loan limit is $417,000. However, in San Diego County, the current confirming loan limit for a single-family home is $546,250.

If a borrower in unemployed, will s/he eligible for HARP? No. Income verification is required for the HARP refinance program.

Is there a minimum credit score to use the HARP program? No. There is no minimum credit score requirement with the HARP refinance program. However, you must qualify for the mortgage based on traditional underwriting standards.

While this program will open up opportunities for responsible borrowers who are significantly underwater, it is definitely not a salvation for most of those sellers participating in short sales. So, before short sale sellers get super excited about the refinance, make sure that they understand the scope of the program.

Reference to article:http://bit.ly/x2jsPZ

Talk to you soon. Leona Greenlow-Turner.

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Bank of America has been engaged in a pilot of the principal reduction program since February, and is now moving into full participation to provide assistance to more qualified homeowners facing hardship. Bank of America is one of the largest servicers of single-family mortgages in California.

I heard of a few clients that were offered a principle reduction with Bank of America.

Fannie Mae and Freddie Mac loans WILL NOT  be included in the program.

BofA will also participate in two other programs using Hardest Hit Fund (HHF) money. They include a mortgage assistance program for the unemployed, which provides up to $3,000 per month in aid, and another initiative to give up to $15,000 to help delinquent homeowners pay off past-due balances on first liens.

Here is the entire article: http://bit.ly/pJkeFC

Talk to you soon. Leona Greenlow-Turner.

Jr. Lien Holders: http://bit.ly/mPc8Qn

Short Sale Incentives: http://bit.ly/ocjl4v

Loan Modification Quick Start: http://bit.ly/o9c39E


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With the significant increase of foreclosures, many are losing their homes. Where will these families and individuals live? Will they move back home, to another state, or Southern California? The stigma of foreclosure has lost its sting. Many landlords are open to renting to families that have had a trying situation with the real estate market. There is hope for homeowners. It is a very competitive rental market even with the higher rents.

City Average Rent Year-to-year growth
Palo Alto $2,450 13.5%
Cupertino $2,168 14%
San Mateo $1,964 14.5%
Santa Clara $1,903 15%
Redwood City $1,892 8.2%
Mountain View $1,812 13.2%
Sunnyvale $1,731 17.6%
San Jose $1,642 10.1%
Fremont $1,495 11.6%

*For apartment complexes with 50+ units
Source: RealFacts

CBS Article: http://cbsloc.al/mAHRX6

San Jose Mercury: http://bit.ly/oyJZtD

Data Analysis of Rental Markets: http://realfacts.com/

Rentometer: http://www.rentometer.com/ (Analyze if your rent is too high)

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 This is a quick list of where to find rentals in the Bay Area.

• sfbay.craigslist.org › housing (I have found this the best resource)






• Community Billboards

• Word of Mouth

• Driving neighborhoods

• Social Networks

Please provide any feedback on what you found useful.

Talk to you soon. Leona Greenlow-Turner

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California Senate Bill 458 was signed into law on July 15 and is effective IMMEDIATELY for all short sale transactions the close after July 15, 2011. The law provides that junior lien holders no longer have any deficiency rights against the borrower after a short sale.

This law is being hailed as a major victory for borrowers because it removes the potential for deficiency liability after the short sale is completed and thus brings more certainty to the short sale process for borrowers. Additionally, it is hoped that by removing this negotiating impediment, that the short sale process will be quicker and smoother.

What is very important to note is that this law affects all pending but not yet closed short sales.

What do you think will be the position of the junior lien holder? If I was the bank and I cannot pursue my deficiency judgment and my just block the entire short sale.

Read full article http://bit.ly/rnCb53

Read the Senate Bill here: http://bit.ly/q6wAXX


Check out my previous short sales articles:

Bay Area Real Estate Today: More Short Sale Incentives for Homeowners http://bit.ly/ocjl4v

Bay Area Real Estate Today: Avoiding Foreclosure for California Homeowners http://bit.ly/og7ITa

Bay Area Real Estate Today: Fannie Revamps Rules on Delinquent Loans http://bit.ly/mUiInm

Talk to you soon. Leona Greenlow-Turner



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This month marks a momentous change at a local Keller Williams Realty office. The Castro Valley office is now closed and the majority of agents have moved to the Keller Williams Realty Danville office.

The Danville office is comprised of more than 200 agents. I made the change to Keller Williams Realty, Danville. My new address is:

760 Camino Ramon, Suite 200, Danville, CA 94526

Keller Williams Realty is the second largest real estate company in North America with over 90,000 Realtors serving customers from all over Canada and the United States.  It is a company who lives by value statements that they refer to as the WI4C2TS;

  • Win – Win – Or no deal
  • Integrity – Always do the right thing
  • Customers – Always come first
  • Commitment – In all things
  • Communication – Seek first to understand
  • Creativity – Ideas before results
  • Teamwork – Together everyone achieves more
  • Trust – Begins with honesty
  • Success – Results through people

Check out this press release about Keller Williams Realty http://www.kw.com/kw/pressrelease.html

Talk to you soon. Leona Greenlow-Turner

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I’ve said this to many of my friends, a rebound of our economy will not manifest itself without jobs. Normally, my blog post will include the most positive information. This particular story touched my heart because I worked for WebEx Communications that was acquired by Cisco.  I’m not sure if my friends working there still have jobs. Training and development are normally the first to go so my prayers go out to all of those in jeopardy of losing their job.


Centuries ago people supposedly cured ailments but cutting into their bodies and “let” or shed blood; some people lived and others died. Those illnesses were the least of their problems with the “Black Death” looming around the corner.


Wiki on bloodletting:


Bloodletting (or blood-letting) is the withdrawal of often considerable quantities of blood from a patient to cure or prevent illness and disease. Bloodletting was based on an ancient system of medicine in which blood and other bodily fluid were considered to be “humors” the proper balance of which maintained health. It was the most common medical practice performed by doctors from antiquity up to the late 19th century, a time span of almost 2,000 years. The practice has been abandoned for all except a few very specific conditions. It is conceivable that historically, in the absence of other treatments for hypertension, bloodletting could sometimes have had a beneficial effect in temporarily reducing blood pressure by a reduction in blood volume. However, since hypertension is very often asymptomatic and thus undiagnosable without modern methods, this effect was unintentional. In the overwhelming majority of cases, the historical use of bloodletting was harmful to patients.


Where exactly does the letting of blood in our employment/economy stop?


The Bay Area is in a better employment position that other parts of the country because we are the hub of FaceBook, Google, LinkedIn, Zynga, and don’t forget about the dream factory, Hollywood. Property values have dropped to 2002 levels and it assumed by many that there’s nowhere to go but up. I’ll keep looking for the up.


Here is the original Reuters article: http://reut.rs/oo4vKl


Talk to you soon. Leona Greenlow-Turner



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I normally play tennis at Burckhalter Park. Burckhalter Park (and I am the mayor of the park on Foursquare <grin>) is atrocious to say the very least. The basketball courts are unplayable. The tennis courts are bearly playable, unclean, large cracks, and all balls roll to one side. There is a large following for the little league and that section of the park seems to be in good condition.

How does everyone else feel about Burckhalter Park?

I found a great artlicle on Oakland Parks http://bit.ly/qAws6o Great article by Nate Seltenrich 1/19/2011

[photo from http://bit.ly/EZclD]

Talk to you soon. Leona Greenlow-Turner

Youth Tennis Advantage http://bit.ly/nU8eYC

Jr. Giants T-Ball Program http://bit.ly/qIv9i3

Short Sale Poll http://bit.ly/nr3Qbg

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