Real Estate For Sale Clear Lake CA

Celebrate Year of the Tiger on Clear Lake, Lake County California

2010-01-25T04:37:00Z

Booyah!! Hands in the Air!!!: "You need to buy a Home around Clear Lake CA, nOW!"

Lot / Land For Sale in Oaks

2009-10-02T20:47:00Z

Oaks Corner Lot priced to sell!

• 5,100 sq. ft. lot / land "Zoned residential" - MLS® $44,900 - All Utilities on Lot!

Oaks, Clearlake Oaks - This ready to build corner lot is located in an oasis of affordable housing in the largest recreation area in Northern California, Clearlake recreational area. Boating and other water sports, as well as quiet, slow, country living are the focus in Lake County, which boasts California's largest natural lake. Miles and miles of shoreline invite enthusiastic residents and visitors to enjoy the fun in this mountain lake area of National Parks and Forests. Unlike most mountain encaves, the Clear Lake area is well developed, similar to the well known citiy areas of Northern California, just on a much smaller scale. Level corner lot , with all utilities in place. For only, $44,900, Nice quiet community with plenty of fishing contests and neighbors.

Property information

Larry Littlejohn--dear famous family friend dies February 14, 2009 at 84 years old

2009-02-16T22:53:00Z

Dear family friend dies February 14 at 84 years old

Louie Bellson

Referred to by Duke Ellington as “not only the world’s greatest drummer...(but also) the world’s greatest musician!”, Louie Bellson has expressed himself on drums since age three. At 15, he pioneered the double bass drum set-up. At 17, he triumphed over 40,000 drummers to win the Gene Krupa drumming contest.

Some people may remember Louie's wife, Pearl Bailey, the singer/actress. Pearl was not only famous for show business, she was sort of a politician. U.S. President Richard Nixon selected, Peal, as his Official White House Ambassador. I remember her for countless visits on late night talk shows in the 60's and 70's. She also was the co-star of possibly the best Black Movie of pre-civil rights tiem, "Carmen Jones." Louie and Pearl were a great couple. And I am sure he never stopped loving her.

Louie, was an unbelievable musician, and my dad(Ben L. Littlejohn Sr.) and Mom's good friend. We will deeply miss Louie with his wife at Holiday dinners and his great music and generous way. God bless his current wife Francine and fans. But I'm sure he lives on some where. ...............Ben (Larry) Littlejohn Jr.

Tax Credit to Aid First-Time Homebuyers; Must Be Repaid Over 15 Years

2008-10-26T21:29:00Z

IR-2008-106, Sept. 16, 2008

WASHINGTON — First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008.

Available for a limited time only, the credit:

Applies to home purchases after April 8, 2008, and before July 1, 2009.
Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
Is fully refundable, meaning that the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax that they owe.

However, the credit operates much like an interest-free loan, because it must be repaid over a 15-year period. So, for example, an eligible taxpayer who buys a home today and properly claims the maximum available credit of $7,500 on his or her 2008 federal income tax return must begin repaying the credit by including one-fifteenth of this amount, or $500, as an additional tax on his or her 2010 return.

Eligible taxpayers will claim the credit on new IRS Form 5405. This form, along with further instructions on claiming the first-time homebuyer credit, will be included in 2008 tax forms and instructions and be available later this year on IRS.gov, the IRS Web site.

If you bought a home recently, or are considering buying one, the following questions and answers may help you determine whether you qualify for the credit.

Q. Which home purchases qualify for the first-time homebuyer credit?

A. Only the purchase of a main home located in the United States qualifies and only for a limited time. Vacation homes and rental property are not eligible. You must buy the home after April 8, 2008, and before July 1, 2009. For a home that you construct, the purchase date is the first date you occupy the home.

Taxpayers who owned a main home at any time during the three years prior to the date of purchase are not eligible for the credit. This means that first-time homebuyers and those who have not owned a home in the three years prior to a purchase can qualify for the credit.

If you make an eligible purchase in 2008, you claim the first-time homebuyer credit on your 2008 tax return. For an eligible purchase in 2009, you can choose to claim the credit on either your 2008 (or amended 2008 return) or 2009 return.

Q. How much is the credit?

A. The credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 for either a single taxpayer or a married couple filing jointly. The limit is $3,750 for a married person filing a separate return. In most cases, the full credit will be available for homes costing $75,000 or more. Whatever the size of the credit a taxpayer receives, the credit must be repaid over a 15-year period.

Q. Are there income limits?

A. Yes. The credit is reduced or eliminated for higher-income taxpayers.

The credit is phased out based on your modified adjusted gross income (MAGI). MAGI is your adjusted gross income plus various amounts excluded from income—for example, certain foreign income. For a married couple filing a joint return, the phase-out range is $150,000 to $170,000. For other taxpayers, the phase-out range is $75,000 to $95,000.

This means the full credit is available for married couples filing a joint return whose MAGI is $150,000 or less and for other taxpayers whose MAGI is $75,000 or less.

Q. Who cannot take the credit?

A. If any of the following describe you, you cannot take the credit, even if you buy a main home:

Your income exceeds the phase-out range. This means joint filers with MAGI of $170,000 and above and other taxpayers with MAGI of $95,000 and above.
You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
You stop using your home as your main home.
You sell your home before the end of the year.
You are a nonresident alien.
You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year.
Your home financing comes from tax-exempt mortgage revenue bonds.
You owned another main home at any time during the three years prior to the date of purchase. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another main home at any time from July 2, 2005, through July 1, 2008.

Q. How and when is the credit repaid?

A. The first-time homebuyer credit is similar to a 15-year interest-free loan. Normally, it is repaid in 15 equal annual installments beginning with the second tax year after the year the credit is claimed. The repayment amount is included as an additional tax on the taxpayer’s income tax return for that year. For example, if you properly claim a $7,500 first-time homebuyer credit on your 2008 return, you will begin paying it back on your 2010 tax return. Normally, $500 will be due each year from 2010 to 2024.

You may need to adjust your withholding or make quarterly estimated tax payments to ensure you are not under-withheld.

However, some exceptions apply to the repayment rule. They include:

If you die, any remaining annual installments are not due. If you filed a joint return and then you die, your surviving spouse would be required to repay his or her half of the remaining repayment amount.
If you stop using the home as your main home, all remaining annual installments become due on the return for the year that happens. This includes situations where the main home becomes a vacation home or is converted to business or rental property. There are special rules for involuntary conversions. Taxpayers are urged to consult a professional to determine the tax consequences of an involuntary conversion.
If you sell your home, all remaining annual installments become due on the return for the year of sale. The repayment is limited to the amount of gain on the sale, if the home is sold to an unrelated taxpayer. If there is no gain or if there is a loss on the sale, the remaining annual installments may be reduced or even eliminated. Taxpayers are urged to consult a professional to determine the tax consequences of a sale.
If you transfer your home to your spouse, or, as part of a divorce settlement, to your former spouse, that person is responsible for making all subsequent installment payments.

Contact me for answers to your questions regarding this IRS post. We also have other first-time buyer and non-first-time buyer advantage programs. ----- Larry Littlejohn, Gold Circle Realty www.goldcirclerealty.com larry@goldcirclerealty.com 707-998-3035 Clear Lake California

Historical Sales for Clear Lake CA Jan 1 - Oct1 2002 - 2008

2008-10-09T04:29:00Z

Historical Sales for Clear Lake Neighborhoods Jan1 - Oct 1 2002 -2008

	High Sale ($)	Low Sale ($)	Median Sold ($)	Avg Sold ($)
Buckingham	2,375,000	195,000	407,500
2007-Oc1	1,150,000	309,000	768,000
2006-Oct1	2,550,000	255,000	590,000
2005-Oct1	860,000	280,000	488,000
2004-Oct1	835,000	211,000	430,000
2003-Oct1	1,400,000	130,000	370,000
2002-Oct1	525,000	160,000	847,000

Clearlake	700,000	750	124,000
2007-Oct1	794,000	40,000	189,500
2006-Oct1	785,000	47,500	190,000
2005-Oct1	740,000	50,000	175,000
2004-Oct1	770,000	22,500	131,000
2003-Oct1	485,000	25,000	119,500
2002-Oct1	453,300	22,000	88,000

Clearlake Keys	450,000	130,000	223,000
2007-Oct1	500,000	215,000	345,000
2006-Oct1	663,000	299,000	372,250
2005-Oct1	500,000	189,000	340,000
2004-Oct1	499,000	165,000	260,000
2003-Oct1	351,000	105,000	200,950
2002-Oct1	249,500	79,000	147,000

Clearlake Oaks	565,000	68,000	115,000
2007-Oct1	815,000	73,100	200,000
2006-Oct1	550,000	49,000	165,000
2005-Oct1	800,000	60,000	199,500
2004-Oct1	1,016,000	31,000	155,000
2003-Oct1	410,000	30,000	120,000
2002-Oct1	600,000	30,000	114,725

Clearlake Riviera	437,000	63,000	213,500
2007-Oct1	525,000	118,000	285,000
2006-Oct1	600,000	165,000	306,250
2005-Oct1	485,000	190,000	297,000
2004-Oct1	430,000	110,000	228,390
2003-Oct1	369,000	97,000	189,900
2002-Oct1	375,000	87,000	166,000

Cobb	339,000	131,000	229,000
2007-Oct1	610,000	75,000	276,750
2006-Oct1	699,000	138,000	293,000
2005-Oct1	449,000	110,000	274,000
2004-Oct1	725,000	48,000	230,000
2003-Oct1	650,000	95,000	191,000
2002-Oct1	438,000	95,000	173.500

Hidden Valley	700,000	115,000	230,000
2007-Oct1	797,000	175,000	340,000
2006-Oct1	758,000	210,000	385,000
2005-Oct1	749,500	356,000	356,000?
2004-Oct1	629,000	110,000	300,000
2003-Oct1	475,000	129,000	238,900
2002-Oct1	385,000	99,900	209,930

Kelseyville Other	3,900,000	120,000	279,500
2007-Oct1	800,000	140,000	373,000
2006-Oct1	974,000	160,000	340,000
2005-Oct1	1,150,000	100,000	335,000
2004-Oct1	585,000	90,000	267,000
2003-Oct1	480,000	79,900	254,000
2002-Oct1	499,900	34,000	204,750


Lakeport	650,000	36,000	275,405
2007-Oct1	800,000	166,000	308,500
2006-Oct1	3,350,000	150,000	359,500
2005-Oct1	1,350,000	135,000	304,500
2004-Oct1	835,000	85,000	260,000
2003-Oct1	1,050,000	80,000	191,250
2002-Oct1	510,000	45,000	162,500

Lower Lake	395,000	150,000	177,500
2007-Oct1	799,000	70,000	259,500
2006-Oct1	799,000	135,000	304,000
2005-Oct1	748,000	100,000	275,000
2004-Oct1	425,000	112,500	240,000
2003-Oct1	700,000	69,900	242,500
2002-Oct1	699,000	58,000	225,000

Lucerne	600,000	14,000	115,000
2007-Oct1	425,000	100,900	174,900
2006-Oct1	475,000	143,000	241,000
2005-Oct1	770,000	85,000	206,000
2004-Oct1	320,000	60,000	168,000
2003-Oct1	510,000	26,000	129,500
2002-Oct1	350,000	23,000	99,000

Middletown	644,000	200,000	295,000
2007-Oct1	1,200,000	235,000	400,000
2006-Oct1	605,000	265,000	400,000
2005-Oct1	1,070,000	268,000	497,000
2004-Oct1	745,000	150,000	338,000
2003-Oct1	785,000	205,000	329,000
2002-Oct1	498,000	128,500	301,000

Nice	290,000	70,000	175,000
2007-Oct1	775,000	126,000	204,000
2006-Oct1	685,000	152,000	224,000
2005-Oct1	625,000	95,000	211,350
2004-Oct1	325,000	78,000	155,000
2003-Oct1	325,000	70,000	134,500
2002-Oct1	400,000	43,000	94,000

Upper Lake	585,000	90,000	250,000
2007-Oct1	625,000	145,000	307,000
2006-Oct1	1,000,000	205,000	300,000
2005-Oct1	765,000	140,000	328,500
2004-Oct1	415,000	76,000	252,400
2003-Oct1	525,000	91,000	210,250
2002-Oct1	975,000	50,000	187,900

Call me to buy in Clear Lake, Lake County California. Good homes, neighborhood, view or waterfront.

Also we have foreclosures and short sales available in this market. Larry Littlejohn Realtor-Agent 707-998-3035

larry@goldcirclerealty.com ; www.goldcirclerealty.com

Clear Lake California Foreclosure Report 09/13/2008

2008-09-14T06:35:00Z

Foreclosure Report: For 09/13/2008 for Lake County, California

195 *Foreclosured for sale properties (below market value) - * no contingencies

1180 - All Residential home listings in Lake County

969 - All Lot & Land Listings in Lake County)

195 Foreclosed Listings ready for sale

173 detached conventional single family residences
10 manufactured homes
2 condos
7 lots & Land
2 Ranch
1 commercial properties listed as foreclosure

Current Homes Listed as foreclosures by area:

60 Clearlake $36,000 - $335,000 (6 short sales, need approval)
20 Lakeport $199,900 - $399,000 (7 short sales, need approval)
4 Clearlake Oaks $104,900 - $384,000
5 Clearlake Oaks Keys $155,000 - $369,000
11 Clearlake Riviera $$169,900 - $437,000
7 Kelseyville $179,900 - $359,000
2 Kelseyville other $199,00 & $319,000
4 Cobb $179,507 - $312,500
43 Hidden Valley $137,500 - $450,000
5 Middletown $237,900 - $639,000
7 Lower Lake $89,500 -$277,000
3 Nice $$129,900 - $213,900
9 Lucerne $94,900 - $225,000
1 Loch Lomond $$390,000
2 Sprng Valley $89,900 - $97,900
0 Upper Lake

Current foreclosed lots or Land

1 Spring Valley $24,900 .31 acres
2 Hidden Valley $40,500 & $70,000 .37 & 1.094 acres
1 Nice $27,950 .09 acres
1 Kelseyville $160,000 20 acres
2 Lucerne $89,000, $89000 .31/.31 acre

Foreclosed Condos

2 Lakeport $171,500 - $229,900

Foreclosed Ranchs

1 Kelseyville $595,000 7.5 acres
1 Clearlake Oaks $1,210,000 145 acres

Commercial Foreclosures

1 Clearlake Oaks $1,100,000 Motel & Deli

Call or email me, for listings in the area you're interested in, emailed or faxed, to you. ---Larry Littlejohn Realtor-Broker 707-998-3035, larry@goldcirclerealty.com , www.goldcirclerealty.com

*We have properties that are affordable and a bargain that are not foreclosures. Cashflow investment properties available.

Clear Lake, CA. Homes MLS Report

2008-09-14T00:16:00Z

Clear Lake homes for sale: 09/13/2008 for Lake County, California

There 2382 Properties for sale in Lake County( all inclusive)

-1180 homes with land; 116 mobiles(no land); 42 multi-family properties; 969 Lot & land parcels; 95 commercial properties

Numbers for the 945 Single Family Homes for sale (non-manufactured)

# on the market(mkt) / Median $ on mkt./ $ range on mkt. / Days on the mkt(DOM) Range / Median DOM

3- Anderson Springs Median = $229,000 /$range=$259,000-1,150,000/DOM120-442/Median DOM=165
2 - Blue Lakes $265,000 & $479,000- 13 days & 76 days
17 - Buckingham $549,000 / $310,000- $2,950,000/ 8 - 592 days/ 135
58 –Clearlake East $169,500 / $50,000 - $1,150,000/ 8 - 558 days/ 90
22- Clearlake Oaks $179,000/ $85,000 - $999,900 / 4 – 506 days/ 77
31 – Clearlake Keys $295,000/ $155,000 - $499,000/ 2 - 492 days/105
77 – Clearlake N/W $167,900/ $49,000 - $895,000/ 3 - 879 days/ 83
41 – Clearlake Park $239,000/ $76,000- $1,125,000/ 2 - 1156 days 118
34 – Clearlake S/W $170,000/ $105,900 - $599,000 / 5 - 1283 days/145
72 – Clrlk. Riviera $279,000/ $75,000 - $750,000/ 10 – 707 days/ 104
48 – Cobb $279,000/ $130,000 - $579,000/ 16 - 767 days/ 104
5 – Gleanhaven $350,000/ $335,000 - $2,500,000/22 – 767 days/ 124
142–Hidden Valley $250,000/ $137,5000 -$750,000 / 2 - 752 days/ 109
8 – Jago Bay $895,000/ $379,000 - $1,690,000/ 31 – 469 days /160
21 – Kelseyville(area)$379,900/ $110,900 - $999,000 / 11- 409 days / 89
25 – Kelseyville $449,000/ $154,500 - $900,000/ 12 – 739 days / 93
2 – Kono Tayee $299,900 &$569,000 114 & 345
3 – Konocti Bay $540,000/ $350,000 - $888,500/ 24 – 613 days/ 162
76- Lakeport North $399,000/ $104,900- $2,250,000/17 -750 days/ 106
46- Lakeport South $379,000/ $149,000 - $1,100,000/19 - 595 days/ 79
4 – Loch Lomond $249,000/ $184,000 - $390,000/ 45 – 377 days /148
25 – Lower Lake $350,000/ $89,500 - $985,000/ 16 - 413 days/ 101
36 – Lucerne $199,000/ $82,250 - $839,000/ 8 – 683 days/ 128
24 – Middletown $449,000/ $237,900 - $1,200,000/25- 884 days/ 152
1 – Mount Hannah $145,000/ 40 days on market
18 – Nice $265,000/ $99,000 - $799,000/ 9 - 399 days / 66
8 – Paradise Cove $695,000/ $549,000 -$1,400,000/ 5 – 537 days/ 125
6 – Pillsbury $227,000/ $144,900 - $499,500/ 43 - 473 days/ 152
17- Riviera Heights $248,000/ $175,000 - $429,000/ 14 – 286 days/ 98
16 – Riviera West $349,000/ $249,000 -$538,000/ 26 - 726 days/ 124
2 – Scotts Valley $757,700 & $799,000 - 20 days & 1078
5 – Soda Bay $384,000/ $350,000 -$1,100,000 58 - 209 days/ 74
19 – Spring Valley $234,000/ $59,000 - $549,000 / 9 - 693 days/ 134
2 – Twin Lakes $357,500 & $479,000 38 & 347 days
14 – Upper Lake $399,000/ $139,000 - $900,000/ 5 - 322 days/ 134
2 – Windflower Pt. $839,000 & $889,000 67 & 205 days

Lots and Land parcels for sale: 969 parcels

709 - less than 1 acre/ Median $=$39,000/ Range = $3,000 - $379,000/ 4 – 1427 days / 191 days, median
260 - over 1 acre / Median $=$251,000/Range = $15,500 – $9,000,00/ 1 – 1693 days/ 179 days, median

Call or email me, for listings in the area you're interested in, emailed or faxed, to you. ---Larry Littlejohn Realtor-Broker 707-998-3035, larry@goldcirclerealty.com , www.goldcirclerealty.com

*We have properties that are affordable and a bargain that are not foreclosures. Cashflow investment properties available.

Pool Party In Clear Lake, Around Your Pool

2008-09-02T06:29:00Z

Can't get to the water today? Want to bring the water to you? Buy a property around the Clear Lake, that has a below ground pool, that comes with it. There are 41 properties around the lake that are for sale and that include a below ground pool. Not only do these properties have a pool, but, many have lake views and are on the lake or very close to it. The price range from these disireable properties is currenty:

31 Single Family Homes: $225,000 - $2,950,000

7 Condos: $219,000 - $310,000

3 Ranches: $659,000, $975,000 & $9,000,000(awesome complex with commercial business)

We have affordable properties for sale in Clear Lake, Califonria --- Larry Littlejohn, Broker-Realtor 707-998-3035 larry@golcirclerealty.com, www.goldcirclerealty.com

Clear Lake California Foreclosure Report 08/25/2008

2008-08-25T19:34:00Z

Foreclosure Report: For 08/25/2008 for Lake County, California

214 Foreclosured for sale properties (below market value)

(1204 Non- Foreclosure Residential home listings in Lake county)

(995 Non- Foreclosure Lot & Land Listings in Lake County)

214 Foreclosed Listings ready for sale

192 conventional single family residences
14 manufactured homes
6 lots & Land
2 Ranch
0 commercial properties listed as foreclosures

Current Homes Listed as foreclosures by area:

47 Clearlake $63,900 - $450,000
24 Lakeport $159,000 - $475,000
4 Clearlake Oaks $104,900 - 396,900
6 Clearlake Oaks Keys $134,000 - $299,500
15 Clearlake Riviera $$165,000 - $439,000
8 Kelseyville $154,800 - $900,000
2 Kelseyville other $199,00 & $319,000
5 Cobb $188,955 - $449,900
58 Hidden Valley $144,900 - $679,000
5 Middletown $237,900 - $639,000
6 Lower Lake $89,500 -$277,000
4 Nice $$129,900 - $220,900
9 Lucerne $94,900 - $225,000
1 Loch Lomond $$390,000
3 Sprng Valley $94,900 - $145,000
0 Upper Lake

Current foreclosed lots or Land

1 Spring Valley $24,900 .31 acres
2 Hidden Valley $45,000 & $70,000 .37 & 1.094 acres
1 Nice $27,950 .09 acres
1 Kelseyville $160,000 20 acres
1 Lakeport $259,000 3.2 acres

Foreclosed Ranchs

1 Kelseyville $595,000 7.5 acres
1 Clearlake Oaks $1,220,000 145 acres

Call or email me, for listings in the area you're interested in, emailed or faxed, to you. ---Larry Littlejohn Realtor-Broker 707-998-3035, larry@goldcirclerealty.com , www.goldcirclerealty.com

*We have properties that are affordable and a bargain that are not foreclosures. Cashflow investment properties available.

Clear Lake California Foreclosure Report 08/09/2008 (ERRORS)

2008-08-09T23:20:00Z

*There are errors in numbers of properties foreclosed in this report, see updated report 08/25/2008

Foreclosure Report: For 08/09/2008 for Lake County, California

85 Foreclosure properties for sale properties (below market value)

82 conventional single family residences
2 manufactured homes
1 lot
0 commercial properties listed as foreclosures

Current Listed foreclosures by area:

14 Clearlake $79,000 - $499,000
15 Lakeport $159,000 - $479,000
1 Clearlake Oaks $239,000
3 Clearlake Oaks Keys $265,000 - $299,500
5 Clearlake Riviera $$165,000 - $279,000
8 Kelseyville $154,800 - $971,000
2 Kelseyville other $229,000 - $319,000
1 Cobb $375,000 contingency
30 Hidden Valley $169,000 - $599,000
1 Middletown $745,000
2 Lower Lake $277,000 -$285,000
1 Nice $$169,500
3 Lucerne $125,000 - $209,500
0 Upper Lake

Call or email me for listings ---Larry Littlejohn Realtor-Broker 707-998-3035, larry@goldcirclerealty.com

*We have properties that are affordable and a bargain that are not foreclosures. Cashflow properties

Clear Lake California, "I'm Number 1"

2008-08-08T07:13:00Z

I'm number one. What is it like to be number one. You know there is that Lake that sticks into California a bit, Tahoe? Lake Tahoe, Yosemite National park has some Lakes. Southern California has some big lakes, but I'm number 1. Thousands of years ago nature got all bent out of shape and created me, 1300 feet above sea level in the mountains northeast of San Francisco. I'm called Clear Lake, the California one. And how is it everybody doesn't know me, I'm number 1, the largest natural lake in California. I'm really big, you can skip along the surface of me for mile after mile after mile. You love speed breezing on me. You can lazy away quite a few hours on me, rolling back and forth till you get what you wanted calmed out of you, rest. You can let your eyes take a breather exploring a moving thing of monumental proportion day after day after day. I am one heck of a bath tub. And It gets hot all around me in the good old summer time, but don't worry, I don't make it too humid and messy for you. You want to live near me? Come on, there is lots of places to live near me. Lakeside, hillside, or in a bundle on homes some where on my shores. My number one real estate agent is Larry Littlejohn, broker-agent with Gold Circle Realty in Clearlake Oaks. Gold Circle Realty likes me and wants everybody to see and enjoy me. Call my friend, Larry if you want to invest in, here. There is solid potential and an it's an area that still yields cashflow property. Did you know we have people living around me in homes from 50,000 to $5,000,000. But don't flip out, most everybody is content to live in something they would call, easy-to-pay for. But its all here . Clear Lake California --Larry Littlejohn 707 998-3035 in Clearlake Oaks -----I 'm a 100 miles northeast of the other reference mark, the 'Golden Gate Bridge', if you want to find me, or 'good old Larry'.

Real Estate For Sale Clear Lake CA

2008-08-08T05:04:00Z

So who wants money--- It is very puzzling to understand the American public as consumers, investors or as responsible people sometimes. Right now it seems the majority of them have put themseles in a position to where they have engaged in financing with loan purveyors and intituitons that have offered them products that lead to their financial ruin. Being a mortgage broker with Clarion Mortgage Capital and a Real Estate agent with Gold Circle Realty, I can't understand this behavior. I spent most of my time as a mortgage broker. Now I'm wanting to be a real estate salesman in this tough market. I like a challenge. Well anyway. Here in the Clear Lake area of California, lending amd being a real estate broker is even a bigger challenge, A transaction in Lake County here, is likely to yield about 1/8 what it would in the San Francisco bay area. But challenge aside, plod on. What is deveoping in Lake county is cash flow properties. Inexpensive properties that will not drain your pocket with the promise of great apprecaition but rather simply pay for itself as your modest equity matures. Not all ot the properties but someselect ones. You would think there would people breaking their necks to get the properties and there have been some rumblings. But I have offered resonable people deals that are good dealsand they wanely nod off and look for the negative cash flow promise in the big city. Most people do not understand plus and minus. I guess that is why it is so easy to see finanicial people just out of high school doing loans for people. Doing loans so agressive that these loans and purchses are guaranteeed to go into forclosure. The common citizen must think he is playing a game or something. Just as banks undergo huge losses with foreclosures, so do individuals. Lost closing costs, moving costs, credit damage costs. Both loose thousands. I think some federal trigger must be telling people when to demand to be ruined financially or try to make a good deal. Unfortunately I 'm thinking a lot of people are set on finding people who can take advantage of them. It probably begins with someone offering financing or a real estate deal that is set with misrepresentations or I hate to say it "anything 'but' the truth". And there you go off to loose your credit, savings, future. If you want clear options, private consulation and business representaion, you might want to call me. Golde Circle Realty, we do it all, and we understand that you really want a good deal whaen you buy real estate or finance real estate. Gold Circle Realty 707 998-3035 Clear Lake, California

Real Estate Clear Lake CA

2008-07-29T08:34:00Z

Is the money gone for mortgage backed securities? Does anyone really care? Probably not, but the government is trying to follow Europe's lead in the method of choice for financing the issuance of residential mortgages to the public, and it looks like that is going forward.

Secretary of state Paulson today, released to the press, that 4 big banks, with the U.S. treasury department backing, are pursuing the issuing of covered bonds as a way to finance the issuing of mortgages on residential property in USA. The big banks are JP Morgan Chase, Bank of America, Citicorp, and Wells Fargo.

What these covered bonds are is a way for these institutions to get the financing, while guaranteeing that these bond instruments used to provide the funds are safe for the investor. I guess that means that the Europeans haven't lost a dime betting on residential mortgage directed financing instruments based on covered bonds.

Paulson does reveal that these new instruments for the mortgage market in the U.S. are not to be considered the new reason-to-be. He doesn't think they will cure all the ills of the current system, and don't count on that happening. So I guess we can't count on our homes going up and up in value and our mortgage rates going down down in cost for ever; while maybe taking small breaks for us to spend money. Maybe some good mid-ground can develop though hopefully can develop from the covered bond mortgage in the U.S. But one must consider too, that the public are expected to pay these mortgages, no matter whatever mortgages are offered them. That literally 'can' mean a lot of programs develop to get citizens homes they can't afford normally. Socialism creeps in deeper, then too, to keep the big real estate ball rolling. But if the big ball is rolling soto speak is rolling, how can everybody be 'rich' at the wages offered many. I guess the good life is better be in the mind somewhere than at the bank or gas pump and then people are renters not buyers in the game, and that is important.

A new mortgage bailout law or legislation a month is spooky. Makes you wonder how they keep track of where the money went from last month. Sounds like there up to the trillions in bailout cash. A lot of conservative mortgage brokers, such as myself would have to say I told you so. Live wreckless die wreckless. But it's our country' not some, 'theirs'. Got to watch the budget. You would want a equitable system that payed all for good hard work not reward you with no money for food maybe because you lost your shirt buying a house you no longer own because you managed to get it taken away from you. Yeah! People don;t need all those disappointments in the brain on a regular basis.

You got to sympathize with the treasury department and the banks too. As the banks go under they and the feds are trying to balance high home prices with no rise in income for the little man. All the little man has got in the mortgage security thing is the ability to get and default on mortgages over and over. Mortgage rates would have to disappear it seams to solve the situation. That is the worse! Some wise apppearing commenters are as always optimistic that the current events in the housing market is something that has to and will be rode out and we will as usual wind in someplace that is beautiful.

I'm Larry Littlejohn, real estate broker in the Clear Lake area of California. call a professional(707)549-3435 larry@goldcirclerealty.com

California Mortgage Stabilization Measure

2008-07-22T04:20:00Z

Press release from the California state capital July 20,2008; a model for other states but as usual the government cut out selected areas for no participation in the free money. Too bad for my county, Lake, in Northern California. We missed the stimulus jumbo too...@@#^%@#?>..... Larry

$200 Million Loans Available at No Cost to California Taxpayers

Governor Arnold Shwarzenegger today announced the launch of the Community Stabilization Home Loan Program, a special program designed to help first-time homebuyers purchase homes in communities hardest hit by the foreclosure crisis. Under the program, first-time homebuyers will be eligible for below-market interest rate loans to purchase foreclosed homes in ZIP codes with some of the state's highest foreclosure rates.

"We have taken a number of actions to help prevent foreclosures, but we also want to address the many already-foreclosed-on homes that sit vacant in our neighborhoods today," said Governor Schwarzenegger. "This program will not only make it easier for families to purchase their first home, but will also help stabilize neighborhoods that have homes sitting empty. No one single effort can solve our nationwide housing crisis, but together these measures make an important difference in California's neighborhoods."

Run by the California Housing Finance Agency, a state agency that finances safe, affordable loans for first-time homebuyers, the program will be available in ZIP codes identified as the most impacted by foreclosures in California including Riverside, Stanislaus, San Joaquin and Merced counties. Areas in Los Angeles, Contra Costa and Alameda counties are also included. Several lenders have agreed to partner in the program and offer sales prices on bank-owned properties at least 12 percent below estimated value in the identified ZIP codes.

CalHFA estimates that the program will help 800 to 1,000 Californians purchase their first home. The homes must fall at or under CalHFA's sales price limits and families must meet income requirements. The program will be offered until the $200 million in financing is allocated.

"The CalHFA Community Stabilization Home Loan Program will benefit first-time homebuyers and neighborhoods affected by these foreclosures," said Theresa Parker, Executive Director of CalHFA. "Loans for these properties will be at fixed, below-market interest rates and the prices on the properties will make them attractive and affordable for first-time homebuyers."

The $200 million bond fund allocation is provided by the California Debt Limit Allocation Committee to fund the program at no cost to the state's General Fund.

"This mortgage relief package will give many first time home buyers the opportunity to attain the American dream while also helping areas of the state that have been hit hardest by the mortgage crisis," said State Treasurer Bill Lockyer, who chairs the Committee. "I commend the Governor and CalHFA for their leadership and am pleased to work with them to help address California's housing crisis."

California has been impacted more than any other state by the national home foreclosure crisis, and the state has taken aggressive steps to help homeowners facing problems with their mortgages. To help those hit hard by the housing crisis, the Governor has:

Signed legislation to help protect homeowners by requiring a mortgage holder to provide a 30-day notice to a borrower prior to filing any default notice leading to the foreclosure. The new law also provides tenants of foreclosed properties a minimum of 60 days notice to move and requires holders of foreclosed properties to maintain the property.
Awarded $73 million for affordable housing projects in Proposition 1C and Proposition 46 funds to help more than 1,600 California families rent or purchase affordable housing.
Announced $69.5 million in permanent low-interest loans from the Proposition 1C housing bonds to jumpstart 14 affordable multi-family projects up and down the state, helping more than 1,000 California families and individuals realize the dream of an affordable rental home.
Announced $5.6 million to help mortgage and banking industry workers laid off as a result of the subprime crisis make career transitions to high-demand jobs in other industries.
Announced more than $72 million in federal HOME Investment Partnerships Program funds to provide assistance to first-time homebuyers, reduce the number of bank owned homes and increase the number of rental properties.
Led a town hall meeting with U.S. Treasury Secretary Paulson in Stockton to discuss help for homeowners facing foreclosure.
Joined the OneCalifornia Foundation to announce a bridge loan fund for homeowners facing foreclosure in Oakland.
Awarded $8 million to community based mortgage counseling providers around the state to help avoid foreclosures.
Launched a $1.2 million public awareness campaign to help educate homeowners about options that can help them avoid losing their homes to foreclosures.
Announced an agreement with major loan servicers to streamline the loan modification process for subprime borrowers living in their homes.
Established the Interdepartmental Task Force on Non-traditional Mortgages to ensure a comprehensive and coordinated approach to the issues raised by subprime loans.
Signed legislation to increase protections for Californians who own or plan to purchase homes and to expand affordable housing opportunities.

For a list of foreclosed properties eligible for this program, please visit www.calhfa.ca.gov. Information on sales price limits and income eligibility requirements is also available at www.calhfa.ca.gov.

Real Estate Clear Lake California--Opportunity

2008-07-13T21:33:00Z

There are real estate bargains in the Clear Lake, Ca area, where there exists the largest natural lake in California and the huge Clear Lake recreational area. The market for affordable property here is better than ever due to the mortgage market meltdown and continued building. How about getting into a new home with payments at $700 per month. Compare that to $2,100 in the S.F. Bay Area. My office is in Clearlake Oaks on the east side of the lake. Retire, show up on weekends, or rent it out for a profit, rents are good so there are lots of reasons to buy now. Call me or stop by if you want to look into affordable homes for sale in beautiful Clear Lake Ca.

Real Estate For Sale Clear Lake CA

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Larry Littlejohn--dear famous family friend dies February 14, 2009 at 84 years old

Dear family friend dies February 14 at 84 years old

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Real Estate For Sale Clear Lake CA

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Real Estate Clear Lake California--Opportunity