Eric Wolff wrote an interesting article in the North County Times on Sunday, April 10. In the article, he states that according to local Realtors®, the short sale logjam could finally be clearing a bit. I’m quoted in the article (as are my Realtor® friends Diane Conaway of Re/Max, and Sidney Kutchuk of Realty Works). […]
Is the Los Angeles Short Sale Logjam Really Clearing Out? Read More »
With nearly 800 HomePath properties available here in Los Angeles & Ventura counties and more than 50 more coming up soon, I get numerous calls/emails asking me about these properties. And now, Fannie Mae has special incentives for owner occupied buyers to provide 3.5% towards their non-recurring closing costs. Just this week, I’ve already received
What is a HomePath Property and How Can I Buy One? Read More »
Okay … I want to know. WHO started the rumor that you need 20% down to buy a home? Whoever it is, we need to get to them and straighten them out. We need to educate them about the real opportunities that currently exist in the home buying market and mortgage lending today! This rumor floating around is
Down Payment Requirements for your Los Angeles Home Read More »
If you are a first-time home buyer in Los Angeles and think that you have to settle for one of those starter homes, think again! Los Angeles home prices are somewhat stable, and mortgage interests are still historically low. First time home buyers can afford more than in previous times. Also, they don’t have to
Buying your First Los Angeles Home – It Doesn’t Have to be a Starter Home Read More »
If you are thinking of walking away from your Los Angeles home, or doing a short sale on that home don’t automatically assume that you will not have taxes to pay on the forgiven portion of your debt. There are laws in place that protect the distressed Los Angeles homeowner from having to pay taxes
Gene Mundt is a mortgage banker with Chicago Bancorp in Chicago. He writes extremely insightful articles on the mortgage industry. Much of what Gene writes is universal and relates to the Los Angeles home buyer. Today, Gene talks about the language of real estate financing. If you are buying a home in Los Angeles you
Understanding the Language of Real Estate Financing Read More »
A recent article in the Los Angeles Times addressed the interesting topic of whether you should pay off the mortgage on your home early. In today’s roller coaster ride on the stock and housing markets people are worried about their monthly expenses. There is no security in holding the debt of a mortgage on a
Should You Pay off Your Los Angeles Home? Read More »
An article in today’s Los Angeles Times discusses the reasons deterring people from buying a Los Angeles home these days, and quotes me, a Los Angeles realtor®, as an example: “There’s a zillion reasons [sic] why people aren’t buying, but honestly, they would if they could,” said Jane Peters, a real estate agent in Beverly
Home Ownership Loses its Luster, Per L.A. Times Article Read More »
If you are on the fence about buying a Los Angeles home, consider that the tax benefits of Los Angeles home ownership can be attractive. What are the tax benefits of buying a Los Angeles home? Mortgage interest reduction. A Los Angeles homeowner can deduct the interest on a mortgage up to $1 million on
What Tax Benefits Can I Expect When Buying a Los Angeles Home? Read More »
If you are thinking of selling your Los Angeles home, or are actually in the process of trying to sell it, you might consider a reverse offer. What is a reverse offer? A reverse offer is counter to what normally happens in the home buying process, where the buyer presents an offer to the seller.
Los Angeles Home Sellers Have You Thought About a Reverse Offer? Read More »
