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long beach real estate for sale: Financing Condos in Today's Market - 01/09/09 05:45 PM
You may or may not be surprised to hear that I'm having problems getting a loan for one of my buyers. Now, that's nothing unusual in this market, but this particular buyer has 10% down payment (on a $225,000 condo) and a FICO of 712. As of Jan. 1 most MI (Mortgage Insurance) companies stopped insuring deals on condos that are higher than 80% LTV unless the buyer has a FICO score of 720. You would think that a buyer with $20,000+ down payment and a credit score over 700 should be able to secure a loan ... but I'm here … (1 comments)

long beach real estate for sale: Long Beach Foreclosures By ZIP Code - 11/25/08 04:43 PM
If you were wondering just how many foreclosures there are in Long Beach, then here's some stats for you. This shows how many foreclosed homes are currently listed for sale on the MLS for each ZIP code in Long Beach.
90802  5190803  990804  3090805  109 (yep, more than twice as many as the next highest LB ZIP!)90806  1990807  2090808  490810  2890811  2890814  790815  8
Total    313
So 313 total foreclosed homes currently for sale in Long Beach, with more than 1/3 of them in ZIP Code 90805. Email me for my free list of foreclosures if you'd like details on any of … (2 comments)

long beach real estate for sale: Price Drop on 2 Bedroom Condo with Parking only 1 Block from Beach in Long Beach - 11/15/08 07:18 PM
I noticed on the MLS today that the price dropped again on a property that I think is a really strong investment opportunity. Nobody's scooped it up yet because it needs some help on the inside, the bathroom especially. But it's a 2-bedroom, 1-bath condo only 1 block from the beach, with a parking space for $155000. Could this be your next home or rental property? Email me today through the link on my blog to find out more about this condo.
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David Ethridge

Long Beach, CA

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Sea Lion Real Estate

Office Phone: (562) 285-0200

Cell Phone: (562) 673-6634

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