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General Area in 90017 : Real Estate Advice

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  • Local Info3
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 87
Tue Oct 19, 2010
Ron Escobar - Local Expert answered:
That is a tough question... Having some experience myself and having lost a lot of money, I can tell you that like any other profession... is best to crawl before you walk and run. There are plenty of outfits that specialize in raising money from investors and lending it for real estate. they have experience, underwriting guidelines and a track record. If you have money t lend, you should contact some of these folks and have them lend it for you... utilize their knowledge and experience... and learn from it.. if you are still willing to do the loans yourself then you will have some perspective.

Best of luck!

Ron Escobar
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Mon Aug 30, 2010
Anna M Brocco answered:
For an accurate answer, you may wish to contact the school directly and ask or check their website--or consider asking your question again with the name of the school/college, etc.
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Thu Nov 18, 2010
BOB Khalsa answered:
Consider Santa Clarita. Here are some links.

http://www.santa-clarita.com/
http://www.santaclaritaguide.com/LivingInSCV.html
0 votes 5 answers Share Flag
Wed Jun 30, 2010
Cynthia White answered:
UPDATE 6/29/10: It appears that stand alone bills that would extend unemployment benefits and the closing date for the first time home buyer tax credit will be introduced in the house today by Rep. Sander Levin of Michigan. This is a breaking story, more to follow.

I just find this breaking story line on line
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Thu May 27, 2010
Peter Stewart answered:
You won't be able to get a house in Culver City or the general west side at that price. Homes are usually $2k+. You will be able to find a 1-2br apt though. Of course you'll have to weed through the ones that don't allow pets, or ones that have breed/weight restrictions.

Culver City to Riverside is a very wide area. In Riverside you'll be able to rent a home in that price range. I would suggest signing up for westsiderentals.com. It's the best rental website out there. Your other option is craigslist.

Good luck.
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Sun Aug 29, 2010
Richard Schulman answered:
There are several areas to choose from. If you want to know how safe an area is, the best place to look is the LAPD crime map, which can show you crime in any area. Click on the following link: http://www.lapdcrimemaps.org/ Play around with the features. You can change the date range and search radius.

Let me know if you need anything else,

Richard Schulman
Keller Williams Realty
310-482-0173
schulmanrd@yahoo.com
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Thu May 5, 2016
Tony Abad answered:
Manu - If the seller knew about this - it should have been disclosed. As for finding out more, you may want to check with the police. If you need a priest, I would check with the church you attend.

Best of luck!
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Tue Mar 9, 2010
SeattleHome.com answered:
I did some banking with them in the past when I was in school at USC. They seem like a good organization, but a small, mom and pop kind of shop. They had good customer service for banking and credit lines. ... more
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Wed Nov 18, 2009
CCC answered:
A condo.
http://www.redfin.com/CA/Sierra-Madre/458-Mariposa-Ave-91024/home/7228638

http://maps.google.com/maps?source=ig&hl=en&rlz=&q=458-Mariposa-Ave-91024&um=1&;ie=UTF-8&hq=&hnear=458+Mariposa+Ave,+Sierra+Madre,+CA+91024&gl=us&ei=fMIES-O5KsP7nAfz3fDHCw&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CAgQ8gEwAA ... more
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Thu Nov 6, 2014
Keith Sorem answered:
It sounds like you are almost done.
It is common to verify employment and other key factors prior to closing.
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Mon Oct 5, 2009
Deborah Bremner answered:
The lofts in downtown LA are really up and coming. One thing to consider, however, is that the areas surrounding downtown can be uneven. Be sure to drive the surrounding areas both day and night, to get a feel for what the neighborhood is like. Sometimes downtown can feel too deserted for some clients. A good Realtor can help you evaluate neighborhoods, values, and safety factors, such as crime rates. We have those statistics easily accessible.
Debbie Bremner
The Bremner Group at Coldwell Banker
310-571-1364
Facebook: http://facebook.com/DebbieBremner
Twitter: http://twitter.com/DebbieBremner

Web Reference: http://www.TheBremnerGroup.com
... more
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Sun Nov 20, 2011
Rebecca Chambliss answered:
Depends what your criteria for "fancy" is and what part of L.A. you are talking about-it's a huge area.

In the south bay, Manhattan Beach and Hermosa are very nice.
0 votes 12 answers Share Flag
Mon Jul 20, 2009
Jeffrey White answered:
This is really dependent upon the specific property and how the bank has chosen to price it. Some banks price more aggressively than others and you must remember that the banks don't set the values in this market, the buyers do. That's you! The best way to approach a property is to work with you realtor and look at what similar properties are selling for in the area and base your offer on those statistics.

I have seen quite a few over-priced REO properties and also quite a few purposefully under-priced ones that sold quickly in a large number of multiple offers. (30+ in one week for the few i'm thinking of) So I would say the basic answer is yes, the price is always negotiable.

What is more common, and expected, is the unwillingness of banks to offer credits for repairs once you are in escrow. Usually they will state this up front in the listing that no credits will be given.

I hope this helps your understanding of pricing and most importantly how each property is a different situation and there is often no "catch-all" rule for us to go by.

- Jeffrey White -
Sotheby's International Realty
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Mon Sep 21, 2009
Monique & Joe Carrabba answered:
Hello Cali,

Depending on your price range there are many options and also if you are looking to rent or own. I think Burbank, Studio City, Culver City and Hollywood Hills are great options if you are considering public schools.

If you have any other questions,

Let me know.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
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Wed May 6, 2009
Paul_loefler asked:
I work on behalf of Trulia and I'm interested to know if anyone who is retired has been especially effected by the housing crisis. How has gone/about to go into foreclosure? Difficulti...
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Wed Feb 17, 2010
Tasha answered:
Hello,
My grandmother has lived in that area for years. Off of Degnan. Very quiet neighborhoods. You will find most homeowners have lived there for years and the neighborhoods consist of families and/or professionals. I am looking in that area to buy myself. Either there or View Park (Park Mesa Heights) which is not too far from Ladera Heights. In regards to Crenshaw/King area, you do not want to go past King and Vernon. Anything past Vernon is not the most desirable area to live. As far as home values, I believe property values will hold up. Right now, the average price for a two or three bedroom in that area ranges anywhere from $300K-$500K. You have to remember location, location, location. Again, these are well established neighborhoods, quiet, close to schools, malls, freeways, churches, etc. Go on the internet and look at some homes in that area. It's also known as Leimert Park, zip code 90008. Hope this helps, good luck with your search :) ... more
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Tue Apr 28, 2009
Monique & Joe Carrabba answered:
Hello Alan,

We would be happy to help you find a rental. Please let me know what your price requirements are your phone and email.

Best,

Monique and Michelle
The Carrabba Group
mcarrabba@kw.com
(323) 899-2900
... more
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Sun Apr 26, 2009
Shel-lee Davis answered:
You are a member of a growing group of home owners and investors. The main question is can you hang on through this downturn?

Just being "negative on my mortgage" if not a hardship. Many home owners and investors are paying the monthy mortgage payment through these times, knowing that real estate is cyclical. It goes up and down, but the general trend is up. So if you can afford to make the payments, or the rents cover the payments, then hang in there. As they say, this too shall pass.

Now if you have a sincere hardship, (your income has gone down, your payments have gone up, you have depleted your savings trying to hang in there) then you need to look at ways to get out from under this burden. These are some options.
1. Call your lender. Tell them your true situation. Lenders do not want to own homes. If you can afford a reasonable payment, even though this is an investment property, many lenders will work with you. Be aware, though, some of the people answering the phone will tell you that you have to be behind in your payments. DO NOT LISTEN TO THEM. Hang up and call back. Repeat until you get someone who will listen and try to help you.
2. If you cannot afford a reasonable payment, then a short sale is an option. Again, there needs to be a hardship. And, make sure you work with an experienced short sale listing agent who has actually closed short sales on non-owner occupied homes. Be aware, this will affect your credit as the banks report the sale as a negotiated account settlement. However, the hit to your credit is less than a foreclosure or bankruptcy, and currently there are no federal guidelines regarding how soon after a short sale you can purchase a home again. (Such guidelines do exists for foreclosures).
3. Foreclosure may NOT be a good option for you. GET LEGAL/Accounting/Professional ADVICE before allowing this to happen. Since this is an investment property, you probably are not protected by the laws passed recently to protect "homeowners" from tax ramifications of a foreclosure. Also, the bank may come after you for any deficiencies on the loan. And lastly, this will have a large negative affect on your credit and prevent you from obtaining a federally insured home loan for 3-5 years, depending on the circumstances of the foreclosure.

Remember, do the right thing. No one complained when they were making obscene gains in equity. No one wanted to give some of that back to the bank or the community. So, don't run away from the property simply because you are negative on your mortgage. Think of this comparison. Have you ever purchased a new car? Did you drive it off the lot and then immediately turn around and ask that the loan amount be reduced or that the dealer take the car back and let you out of the loan? Well this experience is a little like that experience. Unless you put 25% down on the car, the minute you drove it off the lot you were negative in your car loan. This however, if where the comparison ends. Cars rarely, if ever, go back up in value. And if history is any indication of the future, homes inevitably DO go back up in value. Its just a matter of time.

Hope this helps. Contact me directly if you want to discuss your options further. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
http://shel-lee.listingbook.com
... more
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Thu Apr 2, 2009
Mario Villagran answered:
You should ask your local police station for statistics and statistics are also reported to the FBI. Some cities report statistics differently so calling your local police station would give you a better idea on how they report certain crimes. ... more
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Mon Mar 30, 2009
Voices Member answered:
Arun, Give these a look and see if they help...................http://assessor.lacounty.gov/extranet/DataMaps/pais.aspx
http://www.lavote.net/Recorder/Real_Estate_etc.cfm

Good luck, Dunes ... more
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