I'm looking for a home in the Los Angeles County area. I'm pre-approved for 225K. I have 3.5% down. In my price range I am looking for

Asked by Matthew, San Francisco, CA Mon Apr 15, 2013

I am looking for a house with a lot of potential but may need a bit of TLC. No South Central, Palmdale or bad neighborhoods. I need a smart no BS agent who wants to put me in the right home. I am ready to purchase NOW!!

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Thekbhomedan, Home Buyer, Bradenton, FL
Sun Apr 21, 2013
Do your research, especially on KB Homes!!! Take a look at http://TheKBHome.com or take a look at the most recent list of KB Homes communities being built, BUYER BEWARE!!! http://thekbhome.com/new-homes-kb-homes-communities-list-04-16-13/
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Lena Samigou…, Agent, Los Angeles, CA
Mon Apr 15, 2013
Contact me directly at lenasrealtor@yahoo.com or my direct line at (310)625-9005 to discuss your options.

Lena Samigoullina
0 votes
Tony Grech, Mortgage Broker Or Lender, Southfield, MI
Mon Apr 15, 2013
Hi Matthew
It sounds from your post like you're approved for an FHA loan. Did you get approved for a 203k loan or just a normal FHA loan (203b)?

The reason I ask is that when you use regular FHA financing the property must meet minimum FHA property standards. In a lot of cases, homes that need "TLC" might not qualify for normal FHA financing if there are repairs required.

This may be something you want to speak with your lender about before going out to look at homes. It's much easier to address these issues sooner than later once you have money tied up into a purchase

Best of luck!
0 votes
Simon Campbe…, Agent, Miami Beach, FL
Mon Apr 15, 2013
If you are looking for a website that offers up to date foreclosure listings, I would like to recommend http://www.bankforeclosuresale.com. This is a site that requires membership but you can peruse through the listings in your market area first before signing up.

Our database contains over two million foreclosure homes, including bank foreclosures, government foreclosures like VA homes and HUD homes, distressed properties and commercial properties that are for sale all across the nation. All of the listings have had any outstanding liens eliminated and the title is free and clear. We also update our extensive collection of listings every day.

I did a quick search of distressed listings in and around Los Angeles and there are 2,498! Have fun shopping!
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