Efficient Negotiations This is a favorite form of mine. When I bought or sold apartment houses, I used it all the time. It saves a lot of time and time is money. Instead of writing up a complete binding offer, you would write up a simple form that explains the conditions under which a buyer […]
Home Equity Just saw an article by NewRetirement.com that gave their answer to this question. It happens to be an answer with which I agree. However, my answer would be that if your situation would be improved with an RM go NOW. They say when: You Need the MoneyHousing Prices Are HighInterest Rates Are LowYou […]
BENEFITS OF OWNING REAL ESTATE A 1964 article from the Van Nuys Green Sheet today known as the Los Angeles Daily News. Some of the numbers need to be changed to protect the public, but the thought is still current. The depreciating benefits of owning real estate are not completely understood by many prospective investors. […]
When a normal person buys a normal home in CA and gets a normal home loan from a normal lender, California Law states that if there is a default in payments, the normal lender can “only look to the home”. They can not get a judgment against normal owner’s other assets even if they do […]
Our trusted Orange County Register Columnist Jonathan Lanser headlined an April article, “OC hits record price of $820,000”. However, I read the smaller print and it said that single-family homes hit $910,000 after increasing 10% in one year. That is an increase of about $82,273 for the median home. NB, LB, Villa Park, etc. your […]
Refinancing In current advertising MLO’s are touting unbelievable low interest rates for homeowners. There are some as low as 2.19% on 30 year loans and 1.975% on 15 year loans. Now those are low rates. My question: In all of the ads I very rarely ever see any information on rental home interest rates. Being […]
I wrote a post about someone who saved $10 when buying a R.E. Education course and is now getting no service or bad service costing him lots of time. When making decisions, I believe you must know the value of your time so you can evaluate real costs. For example, if you want to gross […]
Definition Homeowners should understand this term as it applies to home loans. Wikipedia states that it is, “The action of refraining from exercising a legal right, especially enforcing the payment of a debt”. The Bible has a definition that states it concerns patience, leniency, tolerance and showing mercy. Where is a resource for information on […]
Questions Can a person without a real estate license sign on a broker’s trust fund?According to DRE which is a more serious violation in a trust fund? Conversion or Commingling?Many people have paid off their California houses. What percentage do you think have mortgages on their homes now?A person leases a furnished apartment for one […]
Inter-County Previously I discussed Prop 60 where a homeowner could sell a home and under certain conditions, keep their low tax assessment in the same county. This was passed in 1986. As always California taxpayers were not satisfied, they wanted to be able to sell and move to another county with their low assessment. In 1988 […]
