Kirk Mulhearn's (kirkmulhearn) Blog

The Long Beach Mortgage Report: Fico is revising Credit Scoring Models Long Beach, Ca.  On the Credit Front.   Credit scores and the system are being revised.  Fair Issac will start offering the revamped score, "FICO 08," to lenders. Fair Isaac believes that the new score will do a better job of ...

Long Beach, CA.  Despite all the malicious economic news for 2008, we saw here great strides by the State of California and home owners to re-embrace solar energy.  The year 2008 was a record breaking year for home owners to install systems in their homes, despite the overall economy.  These sola...

Long Beach, Ca.  The U.S. House passed President Obama's $819B stimulus package without any Republican votes. In the Senate, where the Republicans have more power to demand changes, they will likely ask for more tax cuts, less spending and a bigger focus on housing.  It is too bad that Washington...

Long Beach, Ca.  Just to protect your family from unwanted charges, you might want to telephone the below number to put you cell on the do not call list. REMEMBER: Cell Phone Numbers Go Public todayREMINDER... all cell phone numbers are being released to telemarketing companies tomorrow and you w...

Long Beach, Ca.  Well, if we could just isolate all the bad prisoners and put them in a place that has high walls, surrounded by machine guns and moats, extra guards with tear gas we just might be safe....in the current financial world and credit crisis, that high security prison would be the new...

Long Beach, Ca.   With all the news about the recent layoffs, there is no holding back by home buyers in the local Long Beach real estate markets if the price on a listing is reasonable.   Inventories for certain areas of REOs on the market have diminished.  The current trend is Short Sale listin...

Long Beach, Ca. Now for some good news.  Sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade, an industry trade group said Monday. The National Association of Realtors reported that sales of existing ...

Long Beach, CA.  Recently, Housingwire.com, a web based real estate site covered the big story that Fannie Mae announced earlier this month that they would allow renters to stay in their homes after the foreclosure process has been consummated.   Potentially homeless and hapless ex-homeowners wou...

1.  Property values don't always go up. 2.  Use common sense when buying anything.  If you don't have common sense, borrow it from someone who does.  3.  Be prepared for the worst case scenario.  Assume it will happen and make sure you are ready. 4. Talk to a CPA and a bankruptcy attorney before ...

Long Beach, CA.  Kirk Mulhearn and Lila Feingold successfully gave a Short Sale seminar today at the Norwalk office of Mulhearn Realtors.  Over 120 agents showed up and learned how to handle the current trend in the plethora of short sale ativity.  Economic concerns continue to impact the stock a...