Ask The Expert: Bank Approval on Short Sales and Foreclosures
Q. I’m about to start looking for homes, and I have heard that short sales and foreclosures take a long time to be approved. How long does it usually… Read more ⇢
Buyer Information
Reading: If You Don’t Buy a House Now, You’re Stupid or Broke by Marc Roth
Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth in Business Week. Read more ⇢
First Time Homebuyer? Get all the details on available tax credits here.
If you’ve always wanted to purchase your first home, the newly extended first-time homebuyer tax credit could help you move from renting to owning. For a limited time, qualified… Read more ⇢
Ask The Expert: Broom Swept, Items Left by a Seller
Q. How clean is a seller required to leave a house at close of escrow? The common term that is used in many real estate contracts is that a… Read more ⇢
Luxury Real Estate and the F-word
My parents raised me up right, and I must say that I take pride in being respectable. But increasingly here on the Westside, you’ll hear me, and many of… Read more ⇢
Your Escrow Timeline
We have recently talked about the life of an escrow, and the purpose of contingencies in a sale, and why… Read more ⇢
New FHA Loan Opportunities
Changes in FHA loan guidelines have created exciting new opportunities for buyers who may have been waiting for the right time to buy. Program features include: Loan amounts up… Read more ⇢
Buying and Selling Despite the Tough Times
The question I hear most often from clients today is, "So, where the heck is the bottom of the market? Should I sell, buy, or wait?" Here are the five things… Read more ⇢
Home Buying Contingencies: A Primer
After my recent post, “Having a Back Out Plan: Why You Need Contingencies”, I had a lot of questions from first time buyers asking for… Read more ⇢
Ask the Expert: Home Buyer Tax Credit, Loan Assumptions, Buyer Resources
Q. I am looking for a “take over” payment on a condo. My credit is not good, but I do have steady income. I also want a 30 year fixed mortgage. Read more ⇢
Latest Los Angeles Home Prices
I have been studying all the comparative market data across neighborhoods on the Westside, to see what the market is doing, year over year. Here’s one interesting graph to… Read more ⇢
Timing the Bounce in 2010
It seems that Realtors always say, “Its a great time to buy!”, but I like to think about it from a logical, rational perspective. Historically, real estate is cyclical,… Read more ⇢
Ask the Expert: Confidentiality In A Purchase, Negotiating with Banks on REO’s
Q. I’m buying a home . The seller requested that I apply for a loan with his lender in addition to my own personal banker. Can the seller have access to… Read more ⇢
Credit Report Disputes Could Derail Your Loan Approval
Some consumers with exceptional credit reports and high FICO scores are being denied mortgages by Fannie Mae’s automated underwriting system because there is a notation in the credit report… Read more ⇢
Ask the Expert: Buying Foreclosures, Tax Credit Explained
Q. I keep hearing about all these foreclosures, and how they are great deals. What should I know about buying a foreclosure? A. There has been a lot of… Read more ⇢
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