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Archive for February, 2009

Escrow is an impartial, unbiased third party, working for buyer and seller. Escrow holds funds and documents on behalf of the buyers and sellers and distributes them according to buyer and seller instructions.
To start the process, the agent (usually the listing agent), delivers to the escrow officer such items as, but not limited to, [...]

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This is the first in 4 or 5 part series we will do on where we are, how we got here and where we feel the SoCal Housing Market is going in 2009/2010. Your comments and emails are always welcome, please don’t be shy about giving feedback or asking for clarification.
There has been an incredible [...]

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Fannie Mae just lifted the 4 property limit for investors who are buying properties backed with Freddie or Fannie loans. You can get the skinny here directly from Fannie Mae.
The highlights include:
Minimum FICO Score of 720
6 months reserve (PITI) for each unit over 4
No late mortgage payments in the last 12 months
No BK or foreclosure [...]

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On Friday, Richard and I previewed several homes for one of our clients who is looking for a 4 bedroom home in West Hills. The price range for our client  is $450K.  In our computer search, many homes showed up and about 5 of them had what our client was looking for. May we remind [...]

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Kirsten wrote a great blog entry on this a couple of days ago, I just wanted to reiterate the point.

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There are always people and “companies” who will attempt to make money on any situation and this week, we learned of yet another.  We, along, with many of our friends, received a letter from Property Tax Assessment a few days ago.
In the letter it states that our property may have an over-assessed by an amount [...]

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