90016 : Questions & Answers

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Sheriff Whol…, Real Estate Pro in Florida
Sheriff Wholesale answered:
How can I find a cash buyer for my (very cheaply priced) LA condo?
www.TheCashBuyersList.com
0 votes Share Flag Fri Aug 29, 2014 Home Selling in 90016
2okkupy, Home Owner in Los Angeles, CA
2okkupy answered:
What are HOD fees? I saw this fee listed on a house that's not's in a gated community.
Hello If the house is on Colesium, it may be in the Baldwin Hills Village Gardens Homes Association, which was established in 1947 and includes 450 homes from Bowesfield Street on the N ... more
0 votes Share Flag Tue Jul 23, 2013 Home Buying in 90016
Gail Mercedes…, Real Estate Pro in 90292
Gail Mercedes Cole-Trulia VIP answered:
Looking for a lender in California who will use my husbands itin number on a loan. He is 2nd on the loan and I have a ssn. We have an accepted offer?
You stated we so I assume that the accepted offer has both you and your husband on the accepted offer. I would have been great if you would have had a pre-approval for direct lender bef ... more
0 votes Share Flag Sun Jun 16, 2013 Financing in 90016
Gail Mercedes…, Real Estate Pro in 90292
Gail Mercedes Cole-Trulia VIP answered:
How can I find out if a previous buyer has done inspections on a home that fell out of escrow?
You are suppose to get a copy of the previous professional home inspection if you have an accepted offer on home

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes Share Flag Mon Jun 10, 2013 Home Buying in 90016
Jason Anders…, Real Estate Pro in Los Angeles, CA
Jason Anderson Team answered:
Is it crazy to offer 70-80 cents on the $ for bank-owned, pre-forclosure, REO, etc... listed homes? Thanks!
With each property (bank owned or standard sale or short sale), you want to research the value before making your offer. Autmatically lowballing on every home will be a time waster as m ... more
0 votes Share Flag Mon Nov 12, 2012 Foreclosure in 90016
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Question: Please explain the consequences If the Appraised value comes out to be higher or lower than than the agreed to sale price.,
Higher, no issues. Lower, you either come in with the extra cash (which most are doing now b/c the market is hot) or re-negotiate with seller.
0 votes Share Flag Fri Jun 29, 2012 Home Buying in 90016
Michael Shen, Home Buyer in Los Angeles, CA
Michael Shen answered:
Room addition contractor
Do NOT use Vahik Tatoosi. I am a three-time homeowner and have undergone quite a few extensive projects around each home. To say that Vahik is the most unprofessional, arrogant, incompe ... more
0 votes Share Flag Sat Jan 14, 2012 Remodel & Renovate in 90016
Daniel Klein, Real Estate Pro in Los Angeles, CA
Daniel Klein answered:
Should we just place a bid on a house that we would settle for considering its a buyers market?
You should buy something that you love. It being a buyers market just means that there are more sellers than buyers, and you can be choosey. This means you do not have to "settle&q ... more
0 votes Share Flag Thu Jan 5, 2012 Home Buying in 90016
Kevin McLaug…, Real Estate Pro in Murrieta, CA
Kevin McLaughlin answered:
We have signed almost all the papers for buying a house we are waiting for recording and for the bank to do funding can we still pull out?
As stated below, you can back out at any time before recording, but will almost certainly lose your deposit money.
Since this was posted a couple weeks ago, let us know what happened ... more
0 votes Share Flag Tue Dec 13, 2011 Home Buying in 90016
Mark Disman, Real Estate Pro in Los Angeles, CA
Mark Disman answered:
Negotiating escrow fees at closing?
you shouldn't be paying any fees. just walk away from the deal
0 votes Share Flag Thu Sep 1, 2011 Home Buying in 90016
John DL Aren…, Real Estate Pro in Encinitas, CA
John DL Arendsen answered:
I am doing a cash deal on a probate and need an extra $35k to close escrow within the next 30 days. I was just denied a personal loan. Ideas?
John Judge, it would be nice to put a face with the prose.
0 votes Share Flag Thu Sep 1, 2011 Financing in 90016
Phil and Bev…, Real Estate Pro in San Diego, CA
Phil and Bev Hourlier answered:
Can Escrow company hold closing hostage for buyer or buyer's agent to pay seller's escrow fees bank won't cover in short sale?
First of all, its up to the listing agent to negotiate with the lender, not escrow. Escrow has no authority in this matter, they are a 3rd party non-partial company who only acts on th ... more
0 votes Share Flag Sat Feb 19, 2011 Home Buying in 90016
Sara Mehrpou…, Real Estate Pro in Woodland Hills, CA
Sara Mehrpouyan CDPE answered:
Question: What is the difference between a Regular Short Sale and a HAFA Short Sale
With HAFA, you are not supposed to wait until an offer has been obtained and accepted by the seller to start the Short Sale process. They also offer incentives to the home short seller ... more
0 votes Share Flag Fri Feb 18, 2011 Home Buying in 90016
Murray Weisb…, Real Estate Pro in Los Angeles, CA
Murray Weisberg answered:
My listing at 2507 Virginia Road is not showing the pictures. How do I correct that?
Contact your local MLS. I'm sure they have a help line.
0 votes Share Flag Thu Aug 5, 2010 Home Selling in 90016
Risa Liebster, Real Estate Pro in Toluca Lake, CA
Risa Liebster answered:
I took my house of the market back in nov now i'm ready to resell my house or do i have to wait for 6 months.
Wow Rochelle, you have indeed received many great answers. Joanna is correct in recommending that you interview multiple agents in order to find that right match. If you're not com ... more
0 votes Share Flag Tue Apr 27, 2010 Home Buying in 90016
Ray Calnan, Real Estate Pro in Los Angeles, CA
Ray Calnan answered:
What is the percentage of violent crime in Los Angeles opposed to other cities?
Mariesyd,

The answer is worse than some and better than most, but the question has a problem. Los Angeles is such a large and diverse area that stating a particular percentage is mis ... more
0 votes Share Flag Wed Oct 21, 2009 Crime & Safety in 90016
Jes Sierra,…, Real Estate Pro in Rancho Cucamonga, CA
Jes Sierra, B.Sc. answered:
can the selling agents/bank pull out the house and put it back on the market without giving me a cancellation?
Marco,

Talk to a real estate attorney (not a regular attorney).
I know that it sucks that you paid for an inspection and appraisal ($700+) along with the time and effort spent to ... more
0 votes Share Flag Sat Aug 22, 2009 Home Buying in 90016
Renee Porsia, Real Estate Pro in Philadelphia, PA
Renee Porsia answered:
Regular sale to short sale, unique situation?
Hi Rob,

I deal with short sales all the time and what you need to have is patience. There is a lot of information the bank will need from the seller such as a hardship letter which ... more
1 vote Share Flag Thu Oct 23, 2008 Home Buying in 90016
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