Santa Monica Short Sale - 06/29/11 01:38 PM
Santa Monica Short Sale
Do you owe more than your home is currently worth and you need to sell your home? If so a real estate short sale may be the service you need. I’m a Santa Monica short sale agent. I can help you analyze your current situation and help you make an informed decision.
What is Short Sale?
Many of my Santa Monica short sale clients ask me the same questions. A short sale occurs when the bank agrees to discount the amount you owe them in order to proceed with the sale of the property. This is happening … (1 comments)

Santa Monica Pre Foreclosure FAQ's - 06/27/11 02:48 PM
 
Many clients come to me with questions about the Santa Monica home’s distressed situation.  Santa Monica pre foreclosure and foreclosure laws are the same as every other city in California.
BORROWERS who are late in payments and seeking loan modifications are given by California Law SB 1137, the ammunition to discuss with their lenders their financial situation to avoid foreclosure. Lenders may file a Notice of Default and start foreclosure process if the borrower is late in payments.
Santa Monica Pre Foreclosure Question 1: What are the requirements in California before a Notice of Default is filed?
Answer: California law … (0 comments)

Santa Monica Pre Foreclosure - What can I do?! - 06/24/11 01:02 PM
Foreclosure! Seen this sign somewhere?  Maybe a billboard or maybe one of those yellow boards with the same black text about a property, usually a house, being short-sold or auctioned in Santa Monica.  Those billboards and signs are usually desperate announcements by Santa Monica Pre Foreclosure property owners.  I take that what you understand in those words is that the owner is about to lose his property and that the owner’s purchase money was lost.
Santa Monica Pre Foreclosure - Example
True enough. But let me tell you, it also means that the owner either had problems keeping up with mortgage … (0 comments)

Tips: How to Buy Your First Santa Monica House - 06/22/11 01:01 PM
While buying your first Santa Monica house may seem like a daunting task, it is not impossible to join the growing ranks of first-time home buyers.
Finances - Consider Your Finances
The cost of buying a Santa Monica house is much higher than the purchase price. The average down payment is 20 percent of the home's price, and closing costs are 2 to 4 percent of the home's purchase price. On a $200,000 home, these fees add up to $48,000 of out-of-pocket expenses. You'll also need to buy homeowners insurance, pay homeowners association fees, pay for upkeep and have enough money … (0 comments)

The Best Ways To Look for Pre Foreclosure Listings - 06/20/11 08:50 PM
Where to find foreclosures and pre foreclosure listing
There’s basically several ways you can look for a pre foreclosure listing. Be reminded though that you’re not the only one looking for this information. So putting a little effort on your methods goes a long way especially in finding a great pre foreclosure listing. Here are some methods:
1. Public Records: The Notice of Default (NOD), Lis Pendens or for a Notice of Sale would be the records you need to ask your County Clerk at your County Recorder’s Office. This is a foreclosure list that is already in the courthouse and … (1 comments)

 
Dana Ehrlich (eXp Realty California)

Dana Ehrlich

Santa Monica, CA

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eXp Realty California

Address: Santa Monica, CA, 90405

Office Phone: (310) 487-0096 x 0099

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