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Home Buying in East Los Angeles : Real Estate Advice

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Activity 4
Wed Aug 27, 2014
Dan Tabit answered:
rpuentecabrera,
Your contract indicates what you are supposed to do and what the seller is supposed to do. If you didn't close on time, baring a contingency agreement that protects you, they may be able to claim the earnest money.
Now, if they don't have a back up offer ready to go and you can close a day or few later, they would probably be better off just finishing up with you.
Review your contract, talk to your agent and lender, fix whatever kept you from closing and find out when you can close. One option is to release the earnest money in exchange for the time you need to close (plus a few days for safety sake). The funds are still applied to your purchase and if you are able to close, everyone wins. Talk to your agent and lender before you offer this, to make sure you can close.
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Thu Dec 13, 2012
Joe Mendez answered:
the state of California did introduce a program California First Time Buyers program also referred to as CHDAP. http://www.calhfa.ca.gov/homebuyer/programs/chdap.htm
It is a good program you can utilize for down payment or closing costs if you do not have sufficient funds.

Would love to talk to you about it. If you are looking in East LA I have a house that would fit this program.
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Mon Apr 4, 2011
Richard Wilkinson answered:
The Hollenbeck Division handles that area (see their info below). Call them and ask for the "Senior Lead Officer". The Senior Lead Officer is the guy who sends out the patrols everyday. I find it to be the best source for pure street to street, block to block insight into an area. They know the worst and the best. Besides it's nice to have a human-being to talk to when your making important decisions. I recommend that all my clients do this when they have questions or concerns about an area. I did it myself when I bought my home.

2111 E. 1st Street
Los Angeles, CA 90033
323-342-4100 Voice
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