6
February , 2012
Monday

California Real Estate Sales

Your Source for Los Angeles Real Estate

I have always been leery of services that offer to provide property searches you can ...
On April 5, the federal Home Affordable Foreclosure Alternatives Program (HAFA) went into effect with ...
Southern California's housing market showed fresh signs of a comeback last month as first-time buyers ...
  Lenders and loan servicers participating in HAFA must sign a servicer participation agreement with Fannie ...
Visit DQNews.com La Jolla, CA---Southern California’s housing market continued its step-by-step climb up from the January-February bottom ...
Dos and Don’ts of Homebuyer Incentives Homebuyer incentives can be smart marketing or a waste ...

Archive for the ‘Sellers’ Category

Do and Don’ts of Home Buyer Incentives

Posted by Lee Williams On March - 2 - 2011 ADD COMMENTS

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

HAFA Program Short Sale Rules

Posted by Lee Williams On May - 11 - 2010 ADD COMMENTS

On April 5, the federal Home Affordable Foreclosure Alternatives Program (HAFA) went into effect with the goal of accelerating short sales by providing incentives and guidelines for short sales and deed-in-lieu of foreclosures.

Watch this video “Understanding Federal Short Sales Rules: HAFA (Revised, Apr. 5)” from National Association of REALTORS®

Avoid Foreclosure

Posted by Lee Williams On February - 14 - 2010 1 COMMENT

 

The Al D’Amico Tean has serviced the Los Angeles South Bay for over 30 years. In today’s economic climate 4 million American households are facing foreclosure and there are a number of FREE options that can drastically improve your family’s future. Contact us today.

How to Apply to the Making Home Affordable Program

Do you have a hardship? Change of income or mortgage payments?
 Yes No

Do you owe more on your mortgage than your home is worth?
 Yes No

Do you have savings you can use for your mortgage payments?
 Yes No

Do you want to save your credit from Bankruptcy and/or Foreclosure?
 Yes No

Have you tried to modify your loan?
 Yes No

Have you missed or been late on any mortgage payments?
 Yes No

Did you purchase or refinance your home between 2003 - 2007?
 Yes No

Your Name (required)

Your Email (required)

Your Address (required)

Your Phone Number (required)

Any questions?

90 Flipping Rule and other changes by FHA

Posted by Lee Williams On January - 25 - 2010 ADD COMMENTS

j0308931Changes to FHA financing

90 day Flip Rule will no longer apply to FHA Financing. Previously, if an investor purchased the house, and then renovated it and put it back on the market (i.e. “flipped” it), he would not be able to accept an offer from an FHA buyer until the “flip” was over 90 days old. Well, this has been changed. The investment seller doesn’t have to wait to offer their “flips” to FHA Buyers.

Mortgage Insurance Premium will be increased from 1.75 to 2.25% Now your FHA loan will cost more, but you still have the option of paying this fee at the close of escrow or financing the fee into you loan.
All loans have Mortgage Insurance fees, but the way that FHA set up the loan with such low down payments, they didn’t have enough to cover the MIP. So they made the provision in the FHA Rules that the one-time premium fee would be charged and the buyer had the option of paying it upfront or financing it into the loan. Our preferred lenders can give you the whole story.

Seller Allowed Credit for closing costs will be reduce from 6% to a maximum of only 3%. This is really a good thing. The more you ask a seller to contribute back to your closing costs, the weaker your offer is in competition with other offers that don’t ask for seller credit.

No More Spot Approvals on Condo Complexes that don’t have FHA approval. It’s not just the buyer that needs approval on FHA, but if you are purchasing a condo, the entire condo complex needs to have FHA approval for safety and proper maintenance and management. We were able to apply for a “spot approval” on just 1 condo in the complex. Well, it’s now required that the entire complex has approval, which can take 90+ days to complete the application. Some lenders have systems and people in place that can shave considerable time off this application process.

Should you Short Sale to Stop Foreclosure?

Posted by Lee Williams On December - 17 - 2009 ADD COMMENTS

You may qualify for a small cash amount at closing.  Find out if a Short Sale is right for you by answering the following questions.

Do you have a hardship? Change of income or mortgage payments?
 Yes No

Do you owe more on your mortgage than your home is worth?
 Yes No

Do you have savings you can use for your mortgage payments?
 Yes No

Do you want to save your credit from Bankruptcy and/or Foreclosure?
 Yes No

Have you tried to modify your loan?
 Yes No

Have you missed or been late on any mortgage payments?
 Yes No

Did you purchase or refinance your home between 2003 - 2007?
 Yes No

Your Name (required)

Your Email (required)

Your Address (required)

Your Phone Number (required)

Any questions?

Southern California home prices edge upward again in October

Posted by Lee Williams On November - 20 - 2009 ADD COMMENTS

CB045772Southern California’s housing market showed fresh signs of a comeback last month as first-time buyers took advantage of a federal tax credit aimed at keeping the fragile recovery on track.

And the tax credit program, which was expanded this month, may be helping boost the all-important move-up market as people who already own homes started traipsing through open houses looking for good buys.

“We are seeing signs of life,” said Glenn Kelman, chief executive of online real estate brokerage Redfin.

But whether the burgeoning interest translates into even more sales remains to be seen, experts say.

In October, the median price paid for all homes in six Southland counties rose to $280,000, up 1.8% compared with the previous month, and the number of homes sold increased 2.8%, San Diego research firm MDA DataQuick reported Tuesday.

Spurred by low interest rates and cheap foreclosure properties, as well as the $8,000 tax credit for first-timers that had been set to expire Nov. 30, the region’s median sales price has risen or held steady on a month-to-month basis since hitting a low in April.

One key test will be whether those who own a home will begin re-entering the market. Congress this month extended the controversial tax credit until April 30, expanded it to include a $6,500 credit for current homeowners buying houses worth $800,000 or less, and stretched the qualifying income limits to $125,000 for individuals and $225,000 for joint tax filers.

Real estate agents already are using the tax credit’s extension to attract potential buyers. And some say the extension has at least sparked curiosity.

In the first week of November, as Congress was approving the tax credit bill, traffic at real estate website Trulia.com, for instance, increased 75% to record levels compared with the same week last year.

On Sunday, a steady stream of potential buyers roamed through a two-story, five-bedroom home in Los Alamitos listed at $697,777. Brochures and an assortment of stale chocolates sat on a living room table as a stereo played jazz.

“Did you know about the new tax credit?” real estate agent Blair Newman asked prospective buyers.

Andre Wills and his wife, Kim, of Carson, said they were shopping for a new home because of the tax credit, lower prices and a desire to move into a neighborhood with a good school district.

“The market is down now, and so I want to take advantage of it,” Andre Wills said as his sons, ages 6 and 9, played basketball in the driveway.

Unlike first-time buyers motivated by deeply discounted home prices, many current homeowners faced See Full Article by Alejandro Lazo LA Times

Recent Comments

Lee Williams is a Los Angeles Area Real Estate Agent who has appeared on MSNBC, the Oprah Winfrey Show and TechTV. Dedicated to serving investor, first time and move up buyer clients with one simple rule, you come first. Contact Lee at (310) 882-5428 email: LeeWilliams@KW.com or visit http://LeeWilliams.YourKWAgent.com DRE#1726182

Recent Comments

Fed Unlikely to Raise Interest Rates for Years

On Oct-14-2009
Reported by Lee Williams

Loan Servicers participating in HAFA

On Jun-1-2010
Reported by Lee Williams

106 Rockinghorse in Rancho Palos Verdes

On Apr-13-2010
Reported by Lee Williams

16 Nuvola in Rancho Palos Verdes

On Nov-28-2009
Reported by Lee Williams

Avoid Foreclosure

On Feb-14-2010
Reported by Lee Williams
Rss Feed Tweeter button Facebook button Technorati button Reddit button Linkedin button Webonews button Delicious button Digg button Flickr button Stumbleupon button Newsvine button Youtube button
  • Buy Cheapest order xanax online consultation Now Low Prices. Internet Prices For order xanax online consultation!
  • Buy Cheap levitra cheaper Now 24/Internet)(safe Pharmacy. Best Internet.
  • Buy Cheapest trazodone medication Online Cheap Prescription Drugs. Low Prices.
  • Buy Cheapest atarax medication Now Best Internet. Discount Pharmacy Online.
  • wholesale weight loss pills Online Without Prescription Best Prices. Pharmacy Store.
  • phentermine one day Online Without Prescription Best Prices. Free Viagra Pills!
  • Buy Cheapest treatment for rheumatoid arthritis Now Cheap Online Pharmacy. Pharmacy Store.
  • Buy Cheap pain pills no prescription Online Guaranteed Shipping. WorldWide Shipping.
  • Buy Cheap where to buy valium Online Cheap Online Pharmacy. Best Drugstore.
  • Buy Cheap drug side effects stroke Now 24/Internet)(safe Pharmacy. Low Prices.
  • Buy Cheap free online phentermine shipping Now Best Drugstore. Internet Prices For free online phentermine shipping!
  • Buy Cheap phentermine wordwide shipping online Online Online Prices For phentermine wordwide shipping online! Best Prices.
  • Buy Cheap fioricet with codeine Now Low Prices. 100% Satisfaction Guaranteed.
  • Buy side effects fluconazole Online Without Prescription. Low Prices. Best Drugstore.
  • Buy Cheap cheap herbal viagra Now Free Viagra Pills! Cheap Pharmacy Online.
  • Buy Cheapest xanax order online with no prescription Now Pharmacy Store. Special Prices For xanax order online with no prescription!
  • Buy Cheap order cialis online Now Best Online. Internet Prices For order cialis online!
  • Buy Cheapest cvs pharmacy generic drugs Now Discount Online Pharmacy. Best Drugstore.
  • Buy Cheap generic amoxicillin Now Free Viagra Pills! Discount Online Pharmacy.
  • Buy Cheapest what is ambien Now Drugs, Health And Beauty. Low Prices.
  • Buy Cheapest viagra use Now Special Prices For viagra use! Best Drugstore.
  • Buy Cheap no prescription online pharmacy Now Cheap Online Pharmacy. Buy Medications Online.
  • Buy Cheapest male pheromones Online Pharmacy Store. Guaranteed Shipping.
  • Buy Cheap canadian international pharmacy group Now Best Online. No Prescription Needed For Drugs.
  • Buy Cheap erectile dysfunction treatment non-prescription Online Pharmacy Store. Cheap Prescription Drugs.
  • Buy Cheap simple headache relief Online 100% Satisfaction Guaranteed. Best Online.
  • Buy Cheapest buy viagra soft online Now Cheap Online Pharmacy. Top Online Pharmacy.
  • Buy Cheap klonopin no prescription Now Special Prices For klonopin no prescription! Best Online.
  • Buy Cheapest diet drug fastin Now Best Drugstore. No Prescription Needed.
  • Buy Cheap levitra tab 20mg Online Discount Pharmacy Online. Best Online.
  • Buy Cheap use clomid Online WorldWide Shipping. Cheap Online Pharmacy.
  • Buy Cheapest phentermine at discount prices Online Guaranteed Shipping. Best Online.
  • Buy Cheap list pain meds Now Pharmacy Store. Discount Online Pharmacy.
  • Buy Cheapest viagra 50mg Now Internet Prices For viagra 50mg! Best Prices.
  • Buy Cheap zoloft pms Now Best Online. Pharmacy At The Best Price!
  • Buy Cheapest drug approvals for back pain Online Pharmacy At The Best Price! Best Online.
  • florida migraine headache relief Online Without Prescription Low Prices. Guaranteed Shipping.
  • Buy Cheap foreign online pharmacies Now Best Drugstore. 100% Satisfaction Guaranteed.
  • Buy Cheap new prescription medications for acne Now Low Prices. Safe And Secure Payment System.
  • Buy Cheap cheap levitra online Online Pharmacy Store. Cheap Online Pharmacy.
  • Buy Cheap long term health effects of xanax Online Best Prices. Cheap Prescription Drugs.
  • Buy Cheap build muscle and burn fat Now Pharmacy Store. The Largest Internet Pharmacy.
  • Buy Cheap fucidin ointment Now Pharmacy Store. Discount Online Pharmacy.
  • Buy Cheap inflammatory bowel disease of cats Online Cheap Online Pharmacy. Top Online Pharmacy.
  • Buy Cheapest ultram dosing Now Low Prices. The Largest Internet Pharmacy.
  • Buy Cheapest advice viagra Online Pharmacy Store. Cheap Online Pharmacy.
  • Buy order headache medicine online Without Prescription Doctor. Best Internet. Best Prices.
  • Buy Cheapest online meds no prescription Now Internet Prices For online meds no prescription! Low Prices.
  • Buy Cheapest medrol dose Now Best Internet. Cheap Pharmacy Online.
  • Buy Cheapest purchase pain killers Now Online Medical Shop. 24/Online Pharmacy.
  • Buy Cheapest buy online without prescription ativan Now Low Prices. Discount Pharmacy Online.
  • Buy Cheap women's viagra Now Buy Medications Online. WorldWide Shipping.
  • Buy Cheapest cialis mexico Now Low Prices. Drugs, Health And Beauty.
  • Buy Cheap pharmacy online mexico Now Safe And Secure Payment System. Best Internet.
  • Buy Cheap meclizine drug Online 24/Online Pharmacy. Free Viagra Pills!
  • Buy Cheap ambien high Online Best Online. Discount Online Pharmacy.
  • Buy Cheap cialis cheap prices Now Pharmacy Store. Discount Pharmacy Online.
  • Buy Cheapest walmart pharmacy Online Drugs, Health And Beauty. Best Prices.
  • Buy Cheapest finasteride generic propecia Now Best Drugstore. Special Prices For finasteride generic propecia!
  • Buying Cheap medicine pain ultram. Mexican Pharmacy, Best Prices. Best Drugstore.
  • Buy Cheap viagra purchase uk Online Cheap Online Pharmacy. WorldWide Shipping.
  • Buy klonopin clonazepam Without Prescription Doctor. Internet Prices For klonopin clonazepam!
  • sildenafil pulmonary hypertension Online Without Prescription Best Drugstore. Pharmacy Store.
  • Buy Cheap drugstore online Now Pharmacy Store. 24/Internet)(safe Pharmacy.
  • Buy Cheap viagra super Online Guaranteed Shipping. WorldWide Shipping.
  • Buy Cheap lorazepam 1mg tablets Now Guaranteed Shipping. Online Medical Shop.
  • Buy Cheap does vpxl work Online Online Medical Shop. Free Viagra Pills!
  • Buy Cheap muscle spasms drug Online Guaranteed Shipping. WorldWide Shipping.
  • Buy Cheap strongest diet pills Now Discount Online Pharmacy. WorldWide Shipping.
  • Buy Cheap how does ambien work Now Pharmacy Store. Pharmacy At The Best Price!
  • Buy Cheap acne supplements pharmacy Online No Prescription Needed. Best Drugstore.
  • Buy Cheapest cialis dosage 20mg Online Special Prices For cialis dosage 20mg! Best Prices.
  • Buy Cheap cialis impotence drug eli Now Low Prices. All Medications Are Certificated!
  • Buy Cheap drug phenergan Online Best Prices. 100% Satisfaction Guaranteed.
  • Buy Cheap buy pain meds online without prescription Online Best Prices. No Prescription Needed.
  • Buy Cheap order medicine from mexico Online Free Viagra Pills! Top Online Pharmacy.
  • Buy Cheap drug ultram Now All Medications Are Certificated! Best Prices.
  • Buy Cheap buy sleep aids Online Internet Prices For buy sleep aids! Best Internet.
  • Buy Cheap generic cialis online pharmacy Now No Prescription Needed For Drugs. Best Prices.
  • india pharmacy Online Without Prescription Guaranteed Shipping. Low Prices.
  • Buy Cheap klonopin clonazepam Now Pharmacy At The Best Price! Best Drugstore.
  • Buy Cheap cheep viagra Now Discount Pharmacy Online. Pharmacy Store.
  • Buy Cheap clomiphene effects Online Best Drugstore. Special Prices For clomiphene effects!
  • Buy Cheapest levaquin side effects Online Best Prices. Pharmacy At The Best Price!
  • Buy Cheap codeine buy Now Best Prices. All Medications Are Certificated!
  • Buy Cheap viagra on-line Now Cheap Pharmacy Online. WorldWide Shipping.
  • Buy Cheap ultram drug Now Pharmacy Store. Cheap Prescription Drugs.
  • Buy Cheapest female version of viagra Online Cheap Pharmacy Online. Best Drugstore.
  • Buy Cheap curb appetite Now Pharmacy At The Best Price! Best Prices.
  • Buy Cheap generica cialis Online Guaranteed Shipping. WorldWide Shipping.
  • Buy Cheapest xanax prescription Now Best Drugstore. Online Prices For xanax prescription!
  • Buy Cheapest where to buy vigrx Now Discount Online Pharmacy. Best Online.
  • Buy Cheap cheapest phentermine online free shipping Now Low Prices. No Prescription Online Pharmacy.
  • Buy Cheap viagra sales uk Now Cheap Online Pharmacy. WorldWide Shipping.
  • Buy Cheapest natural alternative to viagra Online Best Drugstore. No Prescription Needed.
  • Buy Cheapest valium generic name Now Low Prices. Top Online Pharmacy Supplier.
  • Buy Cheap discount vitamins supplements Now Best Online. Pharmacy At The Best Price!
  • generic valium Online Without Prescription Pharmacy Store. Best Drugstore.
  • Buy Cheap trazodone for insomnia Online No Prescription Needed. Free Viagra Pills!
  • Buy Cheapest burn the fat Online Guaranteed Shipping. Free Viagra Pills!