Tag Archives: distressed property

Are There Really Great Bargains in Buying Foreclosures?

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Most people are under the assumption that all foreclosed homes are bargains. Well.  .  .  YES and NO YES  if you are looking for a home priced under market value.               NO  if you are looking for a home in super … Continue reading

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Use Your Own Agent When Buying a Home

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When you see a ‘for sale’ sign, are you tempted to call the agent? …Try to negotiate price and terms with the very person hired by the seller to represent the seller? Come on… You’re smarter than that!! What about … Continue reading

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Negotiating a Short Sale

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The main thing to know when negotiating a short sale is that it’s always going to be priced somewhat below market if for no other reason than the fact the seller is looking for a quick sale. I recently had … Continue reading

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Real Estate Successions

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Over the years I have come across a number of situations where the heirs to a real estate succession based the property value solely on the appraised value of a home. . . and one heir ended up buying the property … Continue reading

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Buying a Home. . .

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       Buying a Home  . . .And Why You Should be Working with an ‘ABR’ Whether you are a first time homebuyer, or it’s been quite a few years since you bought your current home, buying a home may seem quite daunting. Well, sit … Continue reading

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‘Short Sale’ Tips for Sellers

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Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading

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What is ‘Agency’?

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The LA Real Estate Commission requires that when a real estate agent meets you for the first time, face to face – and before showing you homes, discussing financing, or anything other than simply answering questions  – that we provide you … Continue reading

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What is Chinese Drywall?

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Since Hurricane Katrina and the rash of repairs and new construction that followed, we have seen a higher than normal incidence of homes contaminated wth Chinese drywall. YES. . . contaminated!! As in poisonous!! These homes are not fit for … Continue reading

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Mortgage Choices: FHA 203k? …or HomePath Loan?

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In this market, agents are quite often asked which is better… An FHA 203k or a Fannie Mae Homepath loan? The following is a reprint from a blog by Justin McHood who works for Academy Mortgage and is based in … Continue reading

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Rehab a Home with HUD’s 203k Loan

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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading

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