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Brock Harris' Blog

By Brock Harris | Broker in 90027
  • Lower Your Payment Now, Here’s Exactly How

    Posted Under: Financing in Los Angeles, Rental Basics in Los Angeles, Property Q&A in Los Angeles  |  June 26, 2012 9:56 AM  |  403 views  |  No comments
    1. Refinance with Your Current Lender or a New Lender

    Okay, listen closely - rates hit another low this week, so do this
    now. Even if you refi’d six months ago, it might be worth it to do it
    again. First, call your existing lender. Banks can drop a rate with
    just a phone call.

    Second, go to a mortgage website like LendingTree, Zillow Mortgage
    Marketplace, or QuickenLoans, and let lenders fight for your business.
    A lot of these “internet lenders” have much lower rates than the big
    guys. It’s a competitive business - may the best rate win.

    This goes for buyers too - you shop for the best home, right, so shop
    just as hard for the best rate.

    2. Get the County to Lower Your Property Taxes

    This one is a gold mine. If your property value has dropped (duh), you
    can pay less tax, and even get a refund on taxes you’ve already paid.
    First, see if your property is being automatically assessed for a
    decline in review here:
    http://assessor.lacounty.gov/extranet/guides/prop8status.aspx

    If it’s not getting dropped automatically, you can file a request
    using this form:
    https://assessor.lacounty.gov/extranet/onlinefiling/divhome.aspx

    Finally, if you’re serious, hire an attorney to go before the
    three-member “Assessment Appeals Board” and argue your case. Tax
    appeal attorneys only charge about a third of what they save you, and
    if they don’t get your value reduced, you don’t pay (call me for a
    referral for the guy who saved me $3800 this year on one building - I
    was very happy to send him a third of that!).

    3. Raise Your Rents

    Rents are through the roof in LA County. If you live in a multi-unit,
    or have a back house, serve your legally allowable 3% increase now.
    You can also ask for another 3% security deposit. Go to
    http://www.evict123.com/forms.htm for the forms or call me.

    Brock
    (213) 842-7625

    P.S. Receive a free list of foreclosures in your area, all prices ranges, with pictures, maps, address, descriptions:
    http://www.larealestatereports.com/gold_distress.asp

    P.P.S. The average time to foreclose in California is 320 days, down from 352 days in the fourth quarter of last year.

    P.P.P.S. If you own ANY property, you need to be REFINANCING EVERYTHING NOW!

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    Contact Info
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    Thanks for reading and forwarding to friends and family.

    Brock Harris
    Brock Real Estate
    DRE License # 01511068
    2235 Hyperion Ave. Los Angeles, CA 90027
    cell 213-842-7625 fax 323-644-9387
    brock@silverlakerealestate.com
 
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