ARCHIVED BLOG POSTS

2010 

In Part 1 and Part 2, I discussed the trials and tribulations of getting financing for a condo purchase as well as some of the problems with verifying a borrower's employment.  In Part 3, I want to address something that Ralph Gorgoglione had asked about in his post and that was the new documenta...
05/28/2010
Well the Los Angeles Housing Department (LAHD) has finally received additional funds for their Low Income Purchase Assistance (LIPA) program again.  They had run out of money back in March and had temporarily suspended the program.  The program has received nearly 4M in funds for this year and w...
05/26/2010
First Time Buyers Can Receive up to $75,000 in Down Payment Assistance for Eligible Homes in San Fernando  SAN FERNANDO, CA - For the valley north of the city of Los Angeles, it would be aptly named after the first annexed city in the valley, San Fernando.  As fate would have it, San Fernando is ...
05/24/2010
Well I thought I worked with some pretty young buyers but this teenager takes the prize.  I think it's great when young people understand the value of homeownership, which is one of the reasons why I love working with my 20-something first timers.  Most of my youngest clients have been recent col...
05/23/2010
I recently came across one of those Forbes articles; you know the kind, some list of some really trivial piece of information.  Well this article was on the most expensive homes listed in America.  While most of the locations didn't surprise me in the least:  Holmby Hills, Beverly Hills, Hawaii, ...
05/22/2010
In Part 1, I discussed the trials and tribulations of trying to buy and/or sell a condo in a complex where the homeowners association (HOA) is in severe financial and legal distress and how underwriting a mortgage loan package doesn't have to be this top secret process shrouded in mystery that no...
05/21/2010
I subscribe to the daily webcasts of Think Big, Work Small (TBWS), which is hosted by these two guys, Brian Stevens & Frank Garay.  TBWS was founded a couple of years ago by a bunch of real estate and mortgage people who wanted to teach others in the business how to work smarter to grow their bu...
05/19/2010
  The other day, I came across a post by Ralph Gorgoglione asking whether the underwriting process was a standard process or did it vary from lender to lender.  While I commented that very little about the underwriting process these days seems standard anymore, the underwriting process most cert...
05/17/2010
First Time Buyers Can Receive up to $75,000 in Down Payment Assistance for Eligible Homes in Lawndale  LAWNDALE, CA - As one of the last cities to be annexed as part of the South Bay of Los Angeles County, Lawndale is also the smallest city in the South Bay.  With only approximately 30,000 reside...
05/15/2010
Due to the current financial situation caused by the slowdown in the economy, Congress has decided to implement a system to put workers of 50 years of age and older on early retirement, thus creating new jobs opportunities and reducing unemployment.  This system will be known as Retire Aged Peop...
05/14/2010
Rainmaker
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Donne Knudsen

CalState Realty Services
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