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Home Buying in Hawthorne : Real Estate Advice

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Activity 20
Sun Jul 10, 2016
Melymeia Whiteley asked:
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This question was asked from this property: http://www.trulia.com/foreclosure/3235035178-14106-Fonthill-Ave-Hawthorne-CA-90250
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Sat Jul 9, 2016
Rich Reed answered:
Your post says you're in New York, NY and your posting a question in Hawthorne, CA 90250? You are right to be cautious about wiring money anywhere! If your money actually went into escrow the escrow company will need written instructions from all parties to disburse the money, even back to you. For our clients, we do not open escrow until we have a fully executed, signed by all parties, purchase agreement. There are other ways to show a seller that a buyer is serious. Opening escrow first sounds suspicious to me. Good luck!
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
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Wed Jul 1, 2015
Harold Rodriguez answered:
Hello,
you also might want to check with a Credit Union since they're not for profit. ;-)
424-634-8644
Harold Rodriguez
Kinecta FCU
0 votes 5 answers Share Flag
Fri Sep 26, 2014
Susie Kay answered:
I would suggest getting a contractor to give you repair estimate and get back to the seller with the estimate so you are not just picking up a number from the blue. This will also give you a stronger negotiation position.

Good luck!
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Tue May 20, 2014
Dorene Slavitz answered:
Yes it does change. It has to do with lending practices and risk to the lender. Also, you can usually borrow more for a single family then a condo or townhouse.
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Thu Jan 30, 2014
Sherri asked:
Thu Nov 21, 2013
Kawain Payne answered:
Yes, This is a very common practice.

Kawain Payne, Realtor
714-293-1151
0 votes 5 answers Share Flag
Wed Oct 30, 2013
Dorene Slavitz answered:
Park Village is a very nice development. I would recommend you get together with your Realtor and take a look at it. The did a nice job on that one and it's well priced too.
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Fri Aug 9, 2013
Alan Glasband answered:
That depends on if you're selling your home or trying to do a refi. Which are you doing?
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Tue Jun 4, 2013
Dorene Slavitz answered:
It would be best to go to www.homeloans.va.gov/‎ United States Department of Veteran Affairs and get an accurate answer to your question.
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Fri Sep 21, 2012
Alane Anderson answered:
If you're serious about the property, you'll need to pay for the option. Think of it this way, if it was your home and you wanted to sell it, but understood the buyers couldn't yet afford, the homeowners could either sell it to someone else or give you the "option" to buy it at a predetermined amount. ... more
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Fri Sep 21, 2012
Alane Anderson answered:
Understand you wanted immediate equity, but there are many properties appraising BELOW agreed upon sale price. The bank will only loan to the appraisal price, so many appraisers are taking the conservative route and appraising to the "sale price" even though there may be a bit of equity. Check the comps and know if it's good for you, regardless of the appraisal. ... more
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Sun Sep 16, 2012
Michael Magaw answered:
You asked - what if you do offer the asking price of $362k and they accept and then your appraisal comes up short. That is fine. Then you have solid evidence that the price should be lowered. I assume that you won't make up the shortage in cash, so you have two choices. 1- cancel the escrow and let the bank start all over with someone else. or 2- have the Listing Agent appeal to BofA that the price needs to be reduced.
I have had this happen with clients and the bank did lower the price.
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Tue Sep 4, 2012
Alane Anderson answered:
During the escrow process, disclosures must be provided to you including the HOA documents. If the rules state you outside of the bounds, cancel. The rules and regulations will be enforced and you'll be unhappy without your pet. Best Wishes.

Alane Anderson
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Fri Sep 10, 2010
Andrew Jones answered:
Hi Steven,

For my two-cents, the best investment opportunities in town are in central Los Angeles from Downtown through parts of Koreatown and Mid-Wilshire to the Baldwin Hills... and Long Beach. You can usually find a few multi-unit properties in these areas that operate in the black (especially in Long Beach,) and the metro/beach, long-term appreciation factor is first rate.

On the other hand, South Bay never seems to completely deliver on it's promise as a beachy alternative suitable for investment.

You also may consider Sameer's comment. I'm an agent in Nevada as well and the opportunities in Las Vegas right now are unbelievable, more than enough to help a lot of folks over come their apprehension of investing out of state. I understand that Austin and Tampa also fall into this category along with a lot of other towns. Unfortunately these severely undervalued properties' recoveries will be hindered by the low prices which make them so desirable in the first place.

If your pockets are a little deeper, think again about L.A. proper... or go a little farther south to Long Beach, breathe the ocean air and take a look around. You won't be disappointed. Best of Luck.
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Mon Apr 12, 2010
Matt Taylor answered:
I would have the same quesitons as below. "how did it get this far?"

Either way, I would let your lender look at the appraisal so they can tell you all the reasons that value is not supported. His comps are probably all adjusted to the wazoo.

By chance they are not the lender can not use that specific appraisal but they can send the comps to the original appraiser for additional consideration.
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Thu Apr 8, 2010
Louwu answered:
Warren and Betty Quint
i searched the grant deed and loan documents, but mailing address unfortunately is the same property and there were no phone numbers attached to the docs.

Good luck. ... more
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Wed Jul 30, 2008
Deborah London answered:
Hello Helene. I know of a property soon to become available in Hawthorne, CA. It's not on Parker Ave, which is in Monrovia. It is a foreclosure home not yet listed on the MLS. Are you interested in hearing more about this single family home? Call me at 310-808-3739 or email me at dlondon@remax.net ... more
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Sat Jun 21, 2008
Love asked:
bye doing this before i move there it a dream i am going to do please any help would be great, i plan on moving to hawthorne, fl very soon and i have been wanting all my life to start…
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