The process appears to be fairly straight-forward, from the beginning. The banks each have their own proprietary addendums to our California Purchase Agreement which ends up negating many of the key provision of our ‘standard’ contract. CONTRACT CLAUSES Probably the most important is that the banks will not (typically) accept the provisions for liquidated damages, arbitration and mediation. Often time, the buyer will initial these clauses – but the bank will not. If the buyer’s agent does not pick up on this, … (1 comments)
escrow: Is An FHA Loan Right For Purchasing an REO Property In The Sunland – Tujunga Area?
- 05/24/08 09:32 AM
There is am over-abundance or REO Real Estate for sale in the Sunland – Tujunga area as well as most of Los Angeles County and even more when you look east to the Inland Empire, in areas such as the Hemet – San Jacinto Valley. Today, nearly every REO offer I write or is presented to me for one of my REO listings, is for either a first time home buyer or a move up home buyer is an FHA backed loan – and for good reason. FHA only requires a 3% downpayment and will even allow the seller … (1 comments)
escrow: Buying a Sunland – Tujunga REO Home: The Loan Process
- 05/22/08 04:22 PM
Many people want to take advantage of the current market conditions in the Sunland – Tujunga area located in the foothills to the east of the San Fernando Valley and the north of Glendale. There is currently a high inventory of bank owned REO property for sale in the region at very affordable prices. Finding a good home is typically not the problem – as we have many to choose from. Today there is even a wide selection from as low as $225,000…if you don’t mind taking care of some repairs. There are many near move in homes available for … (1 comments)
Buying an REO home or other real estate in San Jacinto, CA (or elsewhere) can be a daunting experience, at best.;)
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