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Happy 4th of July - The Declaration of
Independence

post from The Real Estate Bloggers on 03 July 2009 03:57:12 PM. © The Real Estate Bloggers

Have a Wonderful 4th of July and remember that the liberty and freedom you enjoy were paid for in blood, and continue to be so. Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.Happy 4th of July [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Happy 4th of July - The Declaration of Independence

Happy 4th of July Enjoy the day and think about how blessed you are...
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Happy Birthday! - The Real Estate Bloggers Is 3 Years Old 3 years, Nearly 3000 posts, 1.2 million visitors, and...

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Leveraging Celebrity

post from Real Estate Investing For Real | A BiggerPockets Investment Property Blog on 03 July 2009 03:06:24 PM. © Real Estate Investing For Real | A BiggerPockets Investment Property Blog

Image via WikipediaTomorrow is our nation’s birthday. Happy 4th of July to one and all. With what is happening today, it’s a wonder we’ve lasted as long as we have. I think one of the reasons we seem to keep overcoming depressions, recessions, housing bubbles, credit crisis, etc is because we are naturally givers. We [...]

Leveraging Celebrity

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Apella Wishes All Safe n- Fun 4th of July

post from TABLE TALK WITH APELLA on 03 July 2009 02:22:45 PM. © TABLE TALK WITH APELLA

As the nations prepares for the national holiday weekend celebrating America?s Independence Apella would like to take the time to wish all a safe and happy 4^th of July.

For the readers, vendors and clients please enjoy the following links.

History.com Fourth of July History

Fourth of July safety tips ? Orlando Sentinel

Fourth of July Safety Tips for Pets ? The San Fernando Valley Sun

4th of July Recipes: A Red, White, and Blue Menu - delish

Funny Fourth of July Quotes ? Poem of Quotes.com

JibJab Independence Day Videos

Military.com Fourth of July

List of Major City Fireworks Displays

Last but not least Apella would like to take this time to extend a warm gratitude to the armed forces and veterans that have and do keep this country the home of the free and brave.

Thanks for reading and be sure to grab some of that Apple pie!

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A new law passed by Congress and signed last week
by President Obama provides protections for tenants

post from Commercial Real Estate Appraiser - Appraisal Blog, APPRAISAL/CONSULTING SERVICES: 310.337.1973 on 03 July 2009 01:46:00 PM. © Commercial Real Estate Appraiser - Appraisal Blog, APPRAISAL/CONSULTING SERVICES: 310.337.1973

Published on Tuesday, June 9, 2009 10:17 PM PDT

A new law passed by Congress and signed last week by President Obama provides protections for tenants whose landlords fall into foreclosure. Under the Helping Families Save Their Homes Act, tenants have the right to stay in their homes after foreclosure for 90 days or through the term of their lease. The bill also provides similar protections to housing voucher holders. The protections go into effect immediately and expire at the end of 2012.

At least one third of the units going through foreclosure in California are rentals. Under current law, most California tenants are entitled to 60-days notice of eviction after foreclosure. The new federal law increases this to 90 days.

In addition, California law provides that leases are extinguished by foreclosure, with limited exceptions. Many tenants enter into one year leases, only to find a few weeks or months later that the property is heading for foreclosure and that their leases will be extinguished. The new federal law provides that the lease survives the foreclosure, except that the lease can be prematurely terminated and the tenant given 90-day notice where a purchaser seeks to occupy the premises. Some California cities have local laws prohibiting foreclosure evictions. The new federal protections do not preempt these laws which remain in full force.

“Congress and President Obama have shown real leadership here. Tenants are innocent victims of the foreclosure crisis, and it is about time they get some relief,” noted Dean Preston, Executive Director of Tenants Together. “This bill will provide tenants 90-days notice of eviction, require banks to honor leases, and protect Section 8 tenants after foreclosure. We look forward to the day when banks stop evicting innocent tenants after foreclosure, but until that day comes, this federal legislation will provide much-needed time for tenants across the country to find new housing and relocate. Senator John Kerry (D-MA), Representatives Keith Ellison (D-MN), Carolyn McCarthy (D-NY), Michael Capuano (D-MA), and Barney Frank (D-MA), deserve special praise for their efforts on this bill, as does the National Low Income Housing Coalition, a nonprofit organization that has been advocating for these tenant protections for over a year.”

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Protection for tenants in homes that are
foreclosed

post from Real Estate Consumer News ? on 03 July 2009 01:38:50 PM. © Real Estate Consumer News ?

By: Dennis NormanOver the past few months many people renting or leasing a home have had a rude awakening when they suddenly are told to vacate their home as a result of the property owner losing the home in foreclosure. Many times tenants are unaware of the owners plight prior to this so it leaves [...]

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e-foreclosed/

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Foreign Cenbank Holdings of US Obligations Weekly
Update — to 01 July 2009

post from Housing Doom on 03 July 2009 12:30:00 PM. © Housing Doom

NEW YORK, June 29 (Reuters) - The New York Federal Reserve said on Monday it will buy agency coupon securities maturing from Jan. 2016 to July 2032 in an open market operation on Tuesday. [1]

America’s a great country. Unique too. Part of that exceptionalism is that it’s the only decent sized country on the planet that doesn’t actually have a central bank. If my garbled understanding of US history is any guide, they tried having one a couple of times, but public opinion, driven by Andrew Jackson era populism, made the project impossible. Then 99 years ago a cabal of Georgia duck hunters, reacting to the near-death-experience of Ye Panicke of 1907, created the Fed as a sort of pretend replacement. Congress, in obvious violation of key provisions of the Constitution (not to mention the annoyance of a century’s worth of conspiracy theorists) continues to give the thing sufficient privileges to maintain the joke. It’s not obvious that America’s lawmakers have a choice.

But the Fed is, among other things, a chain of privately held banks. The ownership isn’t exactly transparent, but seems to be based around a group of retired Ruritanian diplomats, stiffened with lashings of the sort of European aristocratic riffraff that’s in the habit of doing deals around the less brightly lit tables at the cushier sort of IOC banquet.

So that, stories like the above-quoted, and what seems to be an accelerating trend towards ever more opaque numbers coming out of official US financial sources is leading me to semi-seriously start considering the following question: Is it possible that bits of the Fed are now being labeled "foreign" for statistical purposes?

Yes I know it’s a ridiculous idea, but it’s the only means I can think of by which the wonky numbers we’ve been following here make any sense at all. I’m guessing that one Brad Setser alternative explanation would be that foreign authorities have a heck of a lot more appetite for treasuries and agencies than they admit in public. Do Doomers think that, or anything else, would fly? Frankly, I’m at a loss.

Anyway, Twist is still on Jay Gatsby’s front lawn munching crab cakes (tough life) and waiting for Mr. Internet Guy. Until connection is restored everyone’s going to have to imagine the charts. Wait till you see the size of that yellow bar for last week’s t-bills!

Speaking of which, perhaps Chris Reese and the gang should wake up and smell the history. Their blandly worded weekly Reuters report,[2] didn’t so much as use a word like "surge," but it recorded the 3rd largest increase in Treasury Debt holdings by foreign central banks since they started splitting out the agencies number in February 2000. The report was, as usual, based on the weekly update from the NY Fed’s H.4.1 table site.[3] Here is Doom’s updated CSV version of the agencies and treasuries foreign central bank holdings data set.[4]

Treasuries BAR GRAPH (it’s a doozy!)

Treasuries Top 10 List (new #3 this week)

In a startling turn-around, treasuries holdings increased by a massive $28.965 billion, now the new #3 result in our data set. Meanwhile agencies sagged an additional slight $1.061 billion.

Agencies BAR GRAPH

Agency Debt holdings have now been suspiciously flat for exactly half a year, with the total change in that time a measly $9.227 billion drop

Weekly Treasury Debt and Agency Debt chart here

Twist’s ratios graphs dropped due to the huge treasuries buying spree.

Graph "Ratio GSE to Treasury" (last 52 weeks) goes here

Graph "Ratio GSE to Treasury" (from 2000) goes here

Looks like a final bit of divergence for Setser’s 52-week change graph.

Graph 52-week changes here.

________________________

Notes and References

[1]: "N.Y. Fed to buy agency coupon securities Tuesday", by Richard Leong, Reuters, June 29, 2009.

[2]: "Foreign central banks’ US Treasury holdings up-Fed", by Chris Reese, Reuters, July 2, 2009.

[3]: "H.4.1 Factors Affecting Reserve Balances", Federal Reserve Statistical Release (weekly), Federal Reserve Bank of New York.

[4]: The updated data set as a Comma Separated Value (CSV) file is here.

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http://housingdoom.com/2009/07/03/foreign-cenbank-holdings-of-us-obligations-week
ly-update-to-01-july-2009/

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Apellas Friday Community Connection National
Make a Difference to Children Month

post from TABLE TALK WITH APELLA on 03 July 2009 11:51:02 AM. © TABLE TALK WITH APELLA

Balloons Apella is pleased to reintroduce the Friday Community Connection post back to Table Talk With Apella. As such one cause that is more than appropriate to bring to attention for a reintroduction post is July as National Make a Difference to Children Month.

National Make a Difference to Children Month brings to light the needs of children affected by illnesses, injuries or handicaps. This awareness is sponsored in part by Hugs and Hope and other entities.

Apella is pleased to do its part in promoting awareness to this worthy cause. Apella encourages all of those in the real estate industries to note this event and contribute in whatever way possible. One way real estate industry members can contribute to this event is by raising awareness. For more information on National Make a Difference to Children Month visit Hugs and Hope for sick children additionally epromos offers great awareness and show your care items for you or your company to contribute with.

Please visit the Awareness Dates Blog to learn more on awareness and how you or your company can contribute to a variety of events.

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Life of A Glendale Listing- Episode 7

Weeks Five and Six- InspectionsWeek five was all about paperwork. Tres boring and not even **I** can make it interesting. Week six is all about inspections- Who? What? Why? How many people do you want at the house at once?!

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http://www.kendylsopenhouse.com/video-answers/life-of-a-glendale-listing-episode-
7/

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An evening out in Pasadena

The economy continues to change. Many businesses simply can?t survive, others don?t know how to survive and at others, the employees don?t know how to treat their clients. On Wednesday, George and I celebrated our twenty wedding anniversary. We had two daughters within the first two years of our marriage and life at our home was hectic. We forgot our first few anniversaries and our forgetfulness became a joke. But twenty years, that?s a biggie. We decided to celebrate at Celestino?s in Pasadena; I phoned, the hostess said to ...

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Waxman-Markey Cap And Trade Will Make Homes Cut
Energy Consumption 62 Percent

Get ready for the roller coaster if the Cap and Trade Bill that was passed by the House of Representatives last week becomes law. Those who are living in older homes or homes that are not the most energy efficient are essentially screwed. Over the next few days I will be outlining what is in [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Waxman-Markey Cap And Trade Will Make Homes Cut Energy Consumption 62 Percent