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East Los Angeles : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling0
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Activity 12
Mon Apr 10, 2017
Sheryl Arndt answered:
Hello Jameslarson, you can study the 90022 zip code as it is the East Los Angeles area. The purchase in 90022 start from 309k for 2bd 1ba fixer single family home and up,

These links may assist you with crime statistics:

Theses links should have the answers to any questions you may have on schools:

Do you have down payment and closing costs or do you need down payment and closing cost assistance programs?

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k. The CHDAP down payment and closing cost program can go up to 600k in high balance areas like Los Angeles.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Wed Aug 27, 2014
Dan Tabit answered:
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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Sat Jul 27, 2013
Anna M Brocco answered:
Have you considered directly contacting the police department....
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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.
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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Sat Dec 1, 2012
This question was asked from this property:
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Wed Jul 20, 2011
Robert Spinosa answered:

If you have any questions about this or if your inquiry is still open and you require help, feel free to get in touch. I'm in CA and happy to be of service.

Rob Spinosa
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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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Wed Oct 20, 2010
Carlos Silva asked:
Hello fellow realtors! Does anyone in the LA County area know of a realtor that is qualified, and preferably experienced, in leasing out an existing At-Risk home? It has 8 bedrooms and 4…
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Sun Jul 6, 2008
Jim Finseth answered:
Rents are under pressure in the Los Angeles South Bay. Classic supply/demand. If you are looking strictly for cash flow there are opportunities in near-by South Bay cities where the GRM is around 10.0
For a combination of location, appreciation and cash flow, I like the Redondo Beach market at this time.
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Fri Nov 23, 2007
Mario Pinedo, Ccim answered:
I see from your zip code that you are in Los Angeles. Most loans in California are non-recourse - which means the only security the lender has on the their loan dollars is the property itself. If your investment property is in California and has a non-recourse loan then your principal residence may be ok. I highly suggest you speak to your lender and an attorney to see what the real situation is. Before losing your investment property - request from the lender a restructuring of the loan. Many lenders are now being cooperative with this workout. Best of luck. ... more
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