This Weeks Win! 10-23-15
A doctor, yes an MD, who works for the County of LA as a surgeon, wanted to buy the condo he was living in. His rent was $2800, and he decided before rates go up, he should move. So in May he made an offer and deposited his $40,000 as earnest money. His offer of...
There Are Certain Fees that the Seller Must Pay in FHA and VA Loans
There are certain fees that the seller must pay in FHA and VA loans. FALSE! A realtor who has a long history selling homes in the South Bay asked me this week what their seller “has to pay” for the buyer. Her seller does not want to pay and they got an offer from a...
Prices Are Not Going Up
This week showed us that prices are not going up, and therefore the threat of inflation is not there. The PPI was down .5% and down 1.1% since a year ago. The CPI was down .2% from August and flat from a year ago. This means that the price consumers are paying is the...
This Weeks Win! 10-16-15
Newly divorced woman gets approved for a loan to pay out ex-husband, allowing her son to continue to live in the house he grew up in! While any change in familial status is hard on both parties, it is hardest for the children. In this case, the woman stepped up,...