The Real Deal About Real Estate.........Really

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Real Estate Agent - John Aaroe Group - BRE #01708344

ARCHIVED BLOG POSTS

2009 

Very charming traditional Mellenthin style home. Wood floors, large fireplace in living room, lots of mature trees, attached garage, and a very large back yard. GREAT Brentwood area within walking distance to retail and restaurants on Wilshire Blvd. Includes range, dishwasher, refrigerator. Wash...
Posted almost 5 years ago
I have so many buyers right now that are going through a psychological struggle in their original perception of what the Los Angeles market is like, versus the actual reality. We have really fired up in the $450k and below market! Some buyers are having a hard time when the properties they are in...
Posted almost 5 years ago
I recently got a written bank approval on a short sale listing of mine.  Of course, it took forever and a day to get it, but after a week into escrow something unusual happened. The property was vacant, and when I went to check on it I found a notice of trustee sale posted on the property. My fir...
Posted almost 5 years ago
Rates were slightly higher at the end of the week, which is fairly typically near a holiday week-end, because of limited bond trading. Below are some typical rates for the week-end.  Conventional Loans: 30 Year Fixed Conforming---$417,000 and Below:  4.875% with 1 Point 30 Year Fixed High Balance...
Posted almost 5 years ago
Seeing so many foreclosures and short sales has definitely taken an emotional toll on me lately. It's so sad to walk into a recently vacated home and see toys and/or personal belongings laying around.  It means that someone has had to uproot their entire life because they lost their home.  Especi...
Posted almost 5 years ago
Detailed guidance on the federal government's plan to provide short-term loans to borrowers using the First-Time Homebuyer Tax Credit is expected to be out shortly, but a spokesperson from the U.S. Department of Housing and Urban Development, which is writing the guidance, couldn't give a firm re...
Posted almost 5 years ago
So there are actually 203k consultants that you can hire to come to the prospective property and develop not only a list of FHA required repairs, but also home improvements that the buyers have on their wish list. How it works is, if approved, all of the improvement costs would be added to the lo...
Posted almost 5 years ago
I am gathering more and more details on the FHA 203k Streamline Loan, as I have many buyers that are looking to get into homes now that, due to the amount of foreclosures, are in need of repair and would not normally work with a regular FHA loan. I am also having dialogue with a couple of lenders...
Posted almost 5 years ago
If you are representing a buyer on a bank-owned property, make sure you read the bank addendum to the purchase contract THOROUGHLY AND COMPLETELY. Some of the things you want to focus on are: 1. Closing date2. Per Diem Charges3. Inspection Periods4. Credits to buyer / repairs to property But most...
Posted almost 5 years ago
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Rates improved this week as a result of the weakened stock market-good news for us, but not so good for ours and our clients' investments.  Below are some rates for the week-end.  Conventional Loans: 30 Year Fixed Conforming---$417,000 and Below:  4.875% with 1 Point 30 Year Fixed High Balance Co...
Posted almost 5 years ago
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Ralph Gorgoglione

California Real Estate (800) 591-6121
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