June 2011

Understanding Los Angeles Real Estate Appraisals – Part II

Previously, Part 1 of this post,  “How Appraisals Can Affect Your Real EstateTransaction“ offered information regarding facts and details addressed and documented within an Appraisal report. In this post, Part 2, I will attempt to explain what “logic” is used to support the value reported by the Appraiser in their report. In today’s challenging mortgage underwriting, that logic has to hold up to …

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How Appraisals Can Affect Your Real Estate Transaction

Inevitably there’s a point during my conversation with almost every new mortgage client that the talk turns to the  property appraisal.  If the client themself brings up the topic, it’s an indication to me that I’m speaking with an educated buyer.  That buyer has already done some homework regarding mortgages already … and that’s good. Typically, new home buyers and homeowners …

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Downsizing Your Los Angeles Home – Consider the Lifestyle of Living on the Wilshire Corridor

Your kids have flown the nest and you have no need for the large Los Angeles home in which you spent so many happy years bringing up your family.  It is a hard decision, but you have the chance to make a lifestyle change. Have you considered the lifestyle of living on the Wilshire Corridor? …

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A Los Angeles Foreclosure Alternative – Deed in Lieu

We often talk about different short sale incentive programs—HAFA, TAP, Bank of America Cooperative. Some of these programs also offer options and incentives for borrowers who are considering a deed-in-lieu of foreclosure. I do not write about deed-in-lieu very much, but thought it an appropriate topic since I have gotten a few calls and emails …

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Buying a Los Angeles Foreclosure or Short Sale, Hold on, it Could be a Bumpy Ride

If you are thinking of buying a Los Angeles foreclosure or short sale you are going to have to have a lot of patience and put a great deal of trust in your real estate agent. Buying a Los Angeles Foreclosure When you are buying a foreclosure the human touch is basically removed from the …

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Today’s Mortgage Lesson: The Three R’s. Rumors, Reminder, and ‘Rithmetic

As usual, Gene Mundt, a Chicago mortgage lender offers excellent advice which Los Angeles home buyers can take advantage of. Today, I want to address 3 things that seem to crop-up frequently when working with home buyers … and that’s … Rumors, Reminders, & ‘Rithmetic! Rumors first, as I believe misconceptions and untruths can scare potential …

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