foreclosures: Buyer's Market vs Sellers Market: Which One Are We In Here In Los Angeles & Ventura Counties? - Part 2 - 01/13/11 12:28 PM
In Part 1, I offered a rather broad description of what a buyers real estate market was and what a sellers real estate market was and how important it was for buyers and sellers to know what kind of specific market they were in before buying or selling a property here in Los Angeles & Ventura counties.
In Part 2, I'd like to focus some of the specific criteria that determine a buyers market or a sellers market. Because of the size of Los Angeles and Ventura counties (especially Los Angeles county), we actually have quite a few markets going on … (4 comments)
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foreclosures: INSPECTION REPORTS THAT CAN BE DEAL BREAKERS: Some Deal Breakers Can Actually Prevent You From Buying a Money Pit (30DC25) - 09/20/10 07:43 PM
As a mortgage gal, I have seen and heard about so many escrows that fall-out or get cancelled in the past two years, than I have in the previous years. Up until a couple of years ago, escrow fall-out for me was rare but these days, sometimes, the most routine matters can make or break an escrow.
Here in Los Angeles & Ventura counties, all of the down payment assistance programs that I work with require that the properties that their applicants are purchasing must meet minimum property code standards. Furthermore, lenders also require that properties purchased with an FHA loan … (9 comments)
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foreclosures: IT’S ABOUT TIME SOMEONE DID SOMETHING ABOUT THESE PIECES OF $#^!: Los Angeles County Finally Cracks Down on Banks & Their REO's (30DC21) - 09/16/10 02:52 PM
It's about time someone started cracking down on these banks and their run-down, dilapidated, dumpy REO's that are dragging down neighborhood values and ruining communities all over Los Angeles county.
Recently, the Los Angeles city council passed the Foreclosure Registry Program in an effort to protect residential neighborhoods from blight because of banks run-down, dilapidated, dumpy REO's.
Any lender or trustee who has a property in foreclosure must register that property with the Los Angeles Housing Department (LAHD) within 30 days of issuing the Notice of Default (NOD). If the lienholder, lender, property manager or listing agent is "Out of … (15 comments)
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foreclosures: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: NSP Receives More Than 27M in Additional Funds (30DC18) - 09/13/10 12:18 PM
I subscribe to the daily webcasts of Think Big, Work Small (TBWS), which is hosted by these two guys, Brian Stevens & Frank Garay. TBWS was founded a couple of years ago by a bunch of real estate and mortgage people who wanted to teach others in the business how to work smarter to grow their business.
This morning's video was especially interesting because there was a segment on the Neighborhood Stabilization Program (NSP) receiving their new allotment of funds. For those who don't know what NSP is, the NSP was developed to stabilize communities that have suffered from foreclosures and … (4 comments)
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foreclosures: Helping Clients Re-Home Pets - 08/29/10 12:17 AM
Like Emmary I too couldn't even imagine life without my three fur babies.
As a long time, dedicated and devoted dog mama, I am just so saddened to hear of stories of pets that have been abandoned because of foreclosure or furry family members that have to be given up because families can no longer afford to keep them.
Any agency and/or service that is specifically geared to helping these poor creatures is a desperately needed service. In an effort to promote the services of this wonderful organization, I would like to pass along this info to anyone who knows of any fur babies … (15 comments)
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foreclosures: DOWN PAYMENT ASSISTANCE ELIGIBLE FOR LOS ANGELES COUNTY REO'S - 08/01/09 12:15 AM
As part of HUD's new Neighborhood Stabilization Program (NSP), the Los Angeles Housing Department (LAHD) is offering down payment assistance to eligible homebuyers.
The NSP was developed to stabilize communities that have suffered from foreclosures and abandonment. NSP offers deferred payment second mortgages to homebuyers seeking to acquire a foreclosed or abandoned property. It also provides deferred payment loans to repair blighted properties after they have been purchased.
Program Requirements:
Eligible homebuyers must not presently have an ownership interest in any real property and they must occupy the property as their primary residence. Eligible homebuyers must … (7 comments)
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foreclosures: No "Home" is Safe from Foreclosure - 02/22/09 12:05 PM
Well, it appears that the housing crisis knows no limits, even cave dwellers are not immune from foreclosure. Can you imagine the bank that has to sell this "home"? How do appraise something like this? Where you get your comps? How do you insure it?
SERIOUSLY! I want to know so bring it on my fellow Rainers. How would you list/sell/appraise this "home". (see link)
http://www.spike.com/blog/great-moments-in/74211
… (2 comments)
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foreclosures: ATTENTION VENTURA & LOS ANGELES COUNTIES FIRST TIME INVESTORS: New Fannie Mae Program Helps You Buy That First Rental Property - 02/20/09 12:49 AM
Fannie Mae is now offering special financing for buyers who purchase a Fannie Mae owned property. The program is called HomePath and was specifically geared to reduce their REO holdings. How does this benefit the first time investor? Some of the features of the HomePath program include:
Low down payment and variable mortgage terms Flexible credit guidelines No monthly mortgage insurance No appraisal fee Home warranty is included with the purchase at no charge While there is another agency here in CA that has a similar program, that program has very few properties for purchase in the Ventura & … (5 comments)
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foreclosures: Stop Paying Your Landlords Mortgage! First Time Buyer Seminar - 01/17/09 08:42 PM
Stop Throwing Your Money Away on Rent!
While so many people are having difficulties getting qualified, especially for the low-medium income first time buyer who has less than perfect credit, there are programs specifically geared for making it easier to get into your own home. With so many abandoned and neglected properties on the market, it takes a seasoned professional to negotiate the challenging transaction of today's market.
We are dedicated to helping people move from renters to homeowners by providing information on affordable home loan programs as well as offering negotiations advice and strategies for today's current short sale and … (4 comments)
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