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Los Angeles Real Estate

Last Week in Los Angeles Real Estate 6/29/2015

What's happening in L.A. real estate 6/29/15

Beverly Hills is getting yet another hotel. The owners of 9900 Wilshire Blvd., Wanda Group are planning to add a hotel to the $1 billion condo complex called One Beverly Hills. The number of originally planned condos will be reduced…

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Last Week in Los Angeles Real Estate 6/22/2015

What's happening in L.A. real estate 6/29/15

Affordable housing is a oxymoron in Los Angeles. The California Supreme Court has taken steps to address the problem by making it easier for cities. California is among the most expensive places to buy a home. An average home price…

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Last Week In Los Angeles Real Estate. 6/15/2015

What's happening in L.A. real estate 6/29/15

The battle over restricting short-term rentals in Los Angeles continues to wage. While Santa Monica has passed an ordinance banning the rental of a home for less than 30 days unless the owner is in residence, other neighborhoods are fighting…

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Los Angeles Real Estate Market. 2014 in Review

Los Angeles homes for sale market report

Let's take a look how Los Angeles real estate did in 2014 and compare it to the previous year. The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood,…

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I Received a New Property Assessment. What Do I Do?

What happens if I receive a property assessment

As a Chicago-area Mortgage Lender, I’ve always been asked a lot of questions regarding Taxes and Property Assessments.  Property Taxes, and subsequently monthly tax escrow contributions, play a very important role in loan approvals/denials. But throughout the recent housing downturn,…

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The ABCs of DTIs – Debt-to-Income Ratios

Debt to income 101

Definition of Debt-to-Income Ratio:   The figure that represents how much of your income is spent repaying your recurring monthly debts.  The HIGHER your Debt-to-Income Ratio is, the more of your monthly income is being devoted to paying back your debts. …

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Should I Downsize my Los Angeles Home?

Downsizing your Los Angeles Home, Buying on the Wilshire Corridor, Buying a Century City Condo

You know the story. The kids are gone. You have more space than you could ever use. The maintenance of the home is becoming more than you can handle and you are thinking, “should I downsize my Los Angeles home?”…

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How to Interpret The Home Inspection

What;s the difference between an inspection and an appraisal

You are buying a home in Los Angeles and are the lucky buyer who has had your offer accepted. You are on your way to home ownership and everything should be smooth sailing. However you start to get nervous. This…

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Will Your Mortgage Co-Signor Deliver Magic?

Will your mortgage co-signor delivery magic?

More and more often, the topic of co-signing on a Mortgage is being brought up both during my initial inquiries and Pre-Qualification conversations.  I’m presented with questions regarding Mortgage co-signing from both hopeful recipients of the co-signing and those actually considering becoming a co-signor. I find that there is often confusion surrounding this topic. …

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