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LOS ANGELES COUNTY
HERO PROGRAM NOW AVAILABLE -
SEE BELOW FOR DETAILS
Good or Bad, we know the economy is affecting everyone. However, the facts remain people are trying to snap up whatever properties they can afford to add to their financial wealth.
Despite the tough economy and even going back several years ago people of all types were/are purchasing property. The trick is, while most would like to own property, the simple notion of credit or down payment puts the brakes on any thought of completing the deal. Instead, others with similar or less credit, or with similar or less money grab deal after deal - right before your eyes.
Here's the trick - COMBINE YOUR RESOUCES. Even you can't go solo......get 1, get 2, get 3 or whoever many are necessary to complete the transaction WITH you. There is no law that each property must only have one applicant.
CREDIT - DOWN PAYMENT - COMMITMENT
For Those who want to purchase a property the 3 biggest hurdles are:
- Credit - You do not need perfect credit, but you can't have bad credit either. Bottom line you need to show a history of paying the majority of your bills on time. While some promote your credit is not being of a deal, UNLESS THE OWNER IS CARRYING BACK THE NOTE, you will need a minimum FICO score of 580.
- Down Payment - While there are many programs available, your best bet is to prepare yourself for a minimum of 3.5% towards your down payment, unless you are able to go VA where No Money Down is needed.
- Commitment - Assuming you have decent credit and the down payment, it all boils down to are you prepared to make a commitment and go through the process.
Fredy
(Fred Thomas, III)
& Team Omega Capital Financial, Inc. |
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HOTLIST 3/20/2009
The Hotlist is just a few bargain properties in the general Los Angeles market. Typically they are ideal for the First Time Buyer as combined with available programs they are very affordable.
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Property Status: LISTED (available for sale now)
CONVENTIONAL - FREDDIE MAC/FANNIE MAE REO'S
*****PROPERTIES IN BLUE INK ARE NEW FROM PREVIOUS WEEK
ANYONE LOOKING FOR AFFORDABLE UNITS (can live in one and rent the others out)
2701 S. LaSalle Blvd. - 3 units - $265,000 CASH OFFER REQUESTED
2641 S. Harvard Blvd. - 3 units - $465,000
Zip Code: 90001
Loan: 329097946 Address: 6414 CONVERSE AVENUE, LOS ANGELES, CA
Rooms: 2 Bed: 1 Bath: 1.0 Price: 78,900.00
Zip Code: 90002
Loan: 329073087 Address: 2018 EAST 105TH STREET, LOS ANGELES, CA
Rooms: 6 Bed: 2 Bath: 2.0 Price: 118,900.00
Loan: 461166666 Address: 728E 107TH ST, LOS ANGELES, CA
Rooms: 10 Bed: 4 Bath: 2.0 Price: 163,900.00
Zip Code: 90018
Loan: 438692845 Address: 3773 S LA SALLE AVE 1469 EXP, LOS ANGELES, CA
Rooms: 6 Bed: 2 Bath: 2.0 Price: 239,900.00
Zip Code: 90044
Loan: 467725411 Address: 622 WEST 110TH STREET, LOS ANGELES, CA
Rooms: 6 Bed: 3 Bath: 1.0 Price: 169,900.00
Loan: 332480828 Address: 1035 WEST 104TH STREET, LOS ANGELES, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 199,900.00
Zip Code: 90047
Loan: 294232362 Address: 1434 - 1436 W 69TH STREET, LOS ANGELES, CA
Rooms: 5 Bed: 2 Bath: 2.0 Price: 116,900.00
Loan: 442677448 Address: 1547 W 71ST STREET, LOS ANGELES, CA
Rooms: 5 Bed: 2 Bath: 1.0 Price: 119,900.00
Loan: 506315754 Address: 6401 SOUTH VAN NESS AVENU, LOS ANGELES, CA
Rooms: 6 Bed: 3 Bath: 1.0 Price: 154,900.00
Loan: 331151073 Address: 8901 RUTHELEN STREET, LOS ANGELES, CA
Rooms: 8 Bed: 3 Bath: 2.0 Price: 229,900.00
Zip Code: 90605
Loan: 320944425 Address: 13957 DICKY STREET, WHITTIER, CA
Rooms: 9 Bed: 4 Bath: 2.0 Price: 237,900.00
Loan: 332090981 Address: 12434 S WOODRIDGE AVENUE, WHITTIER, CA
Rooms: 7 Bed: 3 Bath: 2.0 Price: 243,800.00
Loan: 079966780 Address: 8850 CALMOSA AVENUE, WHITTIER, CA
Rooms: 7 Bed: 3 Bath: 1.0 Price: 275,900.00
Zip Code: 91767
Loan: 421244682 Address: 208 E MAGNOLIA ST, POMONA, CA
Rooms: 4 Bed: 2 Bath: 0.5 Price: 104,900.00
Loan: 475731506 Address: 1349 EAST KINGSLEY AVE, POMONA, CA
Rooms: 6 Bed: 3 Bath: 1.0 Price: 159,900.00
Loan: 468154035 Address: 1868 NORTH SAN ANTONIO AVENUE, POMONA, CA
Rooms: 5 Bed: 3 Bath: 1.0 Price: 164,900.00
Loan: 485540967 Address: 1313 BREWSTER DRIVE, POMONA, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 179,900.00
Loan: 351165770 Address: 2417 MOUNTAIN AVENUE, POMONA, CA
Rooms: 5 Bed: 3 Bath: 2.0 Price: 214,500.00
HUD PROPERTIES
LOS-ANGELES
197-347396
20066 Canyon View Drive
CANYON COUNTRY, CA 91351
$66,600
3/2
197-347728
20257 Edgewater Drive
CANYON COUNTRY, CA 91351
$104,400
2/2
197-341450
45121 Roberto Court
LANCASTER, CA 93535
$117,000
3/2.5
197-358503
45244 Stadium Court
LANCASTER, CA 93535
$146,000
4/2
197-362305
43438 E 170th Street
LANCASTER, CA 93535
$159,500
4/2
197-346412
758 E Pillsbury Street
LANCASTER, CA 93535
$86,850
3/2
197-351817
44623 Foxton Avenue
LANCASTER, CA 93535
$54,000
3/1
197-160700
43716 E. 22nd Street
LANCASTER, CA 93535
$70,500
3/2
197-350993
42836 Willow West Ct
LANCASTER, CA 93536
$151,000
4/2
197-359784
1833 E Avenue J-4 #6
LANCASTER, CA 93535
$95,000
3/2.5
197-366191
3609 E Ave H-2
LANCASTER, CA 93535
$142,500
3/2
197-215455
45333 18th Street East
LANCASTER, CA 93535
$100,800
3/2
041-844732
9169 East Avenue S-10
LITTLEROCK, CA 93543
$66,600
3/2
197-362329
1143 West 111th Street
LOS ANGELES, CA 90044
$260,000
3/2
197-357413
2019 Rhubarb Lane
PALMDALE, CA 93551
$200,000
4/2.5
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LOS ANGELES COUNTY HERO PROGRAM
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DRE DISCLAIMER
DRE LICENSE 01839322
PLEASE DISREGARD THIS BULLETIN IS YOU ARE CURRENTLY UNDER CONTRACT WITH ANOTHER DRE LICENSEE
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