Sky Minor

"Sky's the limit"

I'm a:	Real Estate Professional
Company:	Sky Minor Real Estate
Location:	Los Angeles
Web sites:	Main site
	Mortgage Qualifying Site

9 Answers
1 Useful Answer

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About Me

Realtor/Lender/Musician. Most of my clients are musicians. I specialize in properties in Los Angeles that already have recording studios or that are suitable for studios. Please visit me at http://www.skyminor.com for more details. Thanks for visiting. Sky Minor, Realtor.

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Sky Minor's Questions (3)

Sky Minor's Answers (9)

as a loan broker, what if you can not buy back a loan that the bank ask you becouse of early default?

Asked Mon Oct 20 2008, 22:13 by Daniel - Los Angeles County - Agent2Agent - 4 answers

Sky Minor answered:

Tough spot to be in, my former employer had it happen. In the end, they never paid the lender anything and the lender collapsed anyway and went out of business so they got lucky. What would probably happen is that the lender would probably sue for the difference in the amount that the loan was funded for and the property sold for at REO auction. If you don't want to go down the road of hiring attorneys and paying $10000 retainers to have them charge you $75 for answering your emails, then either represent yourself in court and lose or just don't show up and get a judgment against the business. It will take a very long time for them to come around and actually collect. If the judgment is against the broker or owner individually you would probably have some more problems based on whatever assets they own. Put all rentals into LLC's and all liquid investments into family member's names and they can't get anything. This is California, the wild litagious west. - Tue Oct 28 2008, 15:53

WHAT IS THE BEST WAY TO GENERATE LEADS?

Asked Wed Sep 17 2008, 12:55 by Laura Rodrig… - Killeen - Agent2Agent - 18 answers

Sky Minor answered:

Lead generating in Real Estate is a face-to-face endeavor. Now even more than in the internet revolution. A mentor once taught me that the only time we as agents are really working is when we are face-to-face and belly-to-belly with a qualified buyer and showing them properties that they can buy today. I say use the intraweb only as an introduction tool then get them to come into your office! - Tue Oct 7 2008, 09:47

Canadian looking for a good foreign national mortgage

Asked Sun May 25 2008, 00:30 by Shawn - Lake Las Vegas - Home Buying - 4 answers

Sky Minor answered:

Hello, I can get you 65% Loan-to-value up to $4,000,000 and all you need is a U.S. bank account with the down payment in it. You can call me directly at 310-709-8283 or visit http://www.skyandrachellending.com - Tue Aug 26 2008, 14:25

am i dreaming? wanting to buy a home with a 528 credit score?

Asked Sat Aug 23 2008, 21:32 by Greg - Los Angeles - Home Buying - 14 answers

Sky Minor answered:

I admire your optimism. With a 528 it will be very hard unless you have about 30% down and do a hard money type loan. Even FHA and the down payment assistance programs typically require 550 mid score. - Tue Aug 26 2008, 11:46

Hi There, I am a first time home buyer and have saved up 20% for a down payment. My budget is

Asked Mon Aug 11 2008, 23:26 by Sara - Los Angeles - Market Conditions - 13 answers

Sky Minor answered:

Congrats! Your timing is excellent and your financial discipline deserves merit. If you like Toluca Lake, but don't have the budget for a $6000 mortgage payment try North Hollywood around the arts district. There's some great new condos within walking distance of the Metro Rail station on Lankershim and there are many cute older houses around the area. As with any older house, you need to be dilligent with your inspections because old houses=new problems. Check out MLS 08-283437 It's on Denny Ave, cute house with a yard asking only $296000 (foreclosure, bank owned). And perfect for a couple, maybe even with one child. If you need an agent, you know where to find me! - Mon Aug 18 2008, 10:12

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