by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
Mostly a quiet week in the bond market as all eyes were on China and Europe. China lowered their interest rates this week to try and stimulate their economy (the 2nd largest in the world), and the European Central bank (like our Fed) gave indications that they would...
by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
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...
by Athena Paquette | Oct 23, 2015 | Blog, Home Owners, Investors, Realtors
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...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
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...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
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,...
by Athena Paquette | Oct 16, 2015 | Blog, Home Owners, Investors, Realtors
If I take cash out of my property I will owe income tax on it. False! You can refinance your home or a rental and take cash out above and beyond the amount you owe now. Use it to repair your house, use it to invest in another property, or take a well-earned vacation....
