Monique Carrabba's (moniquecarrabba) Blog

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Real Estate Agent - The Carrabba Group/Keller Williams - BRE# 01708376
RECENT BLOG POSTS
With every buyer and seller in a real estate transaction, inevitably the question comes up: what exactly is a contingency? Contingency can be defined as “a future event or circumstance that is possible but cannot be predicted with certainty.” That definition doesn’t do us much good but it does s...
01/09/2015
  I have been in this perplexing situation: Wanting to buy a home in a good area but only able to afford a small home on a small lot. For LA this is a lot under 5,000 square feet and a  home under 1,000 square feet. My second home was in Picfair Village. Priced at $245,000 in 2002, we purchased b...
01/07/2015
"You ungrateful little brat! Just look at everything you have. When I was your age, we...lived in a duplex! We didn't even have our own house!"   A great line from Annette Bening's character, a Realtor, in American Beauty. In Los Angeles, home prices are always going to rise and so are rents. A d...
01/06/2015
  Walkability In Los Angeles   There is a popular song from the 1980s called “Walking in LA” by the band Missing Persons:   http://www.youtube.com/watch?v=R_UpLtGEWoY   Catchy tune but it can be very true as Los Angeles is a culture of cars. Over the years however we have created pockets of walka...
03/10/2012
Millions of delinquent mortgages have been frozen in a kind of limbo for some time now. Their servicers are unable or unwilling to take definite action, for a variety of reasons. But there are signs that the ice may be beginning to break. Consider the following: As part of its settlement with inv...
07/28/2011
I know Equator is efficient but sometimes it's nice to have someone else on the phone rather than a program where you never really speak to a human on the other hand. Equator organizes the tasks and process of a short sale. Isn't organized in managing loss mitigation but it misses a more human co...
07/18/2011
Purchasing a property in Los Angeles that is a probate is very easy. The property is listed on the MLS, so your Realtor can help you find what's out there and help you find a good property. You will likely need 10% down to make an offer. There are two types of probates. With court confirmation an...
07/18/2011
On average it took less Time to Foreclose in California, Arizona and Nevada in June 2011, countering what has been a growing trend to extend the foreclosure process. The time to foreclose has increased on a year-over-year basis throughout our coverage area, with the largest increase seen in Nevad...
07/13/2011
If you have a pulse and you are active in the short sale game, you have undoubtedly heard about Bank of America's Cooperative Short Sale Program.  It is hailed as a HAFA-like short sale program without the mucky guidelines of HAFA (like occupancy status?).  An ex-top B of A negotiator, Elena Cele...
07/13/2011
The Treasury's HAFA program finally has something positive to offer in the way of national news.  In December of last year, John Prior of Housingwire.com reported that less than 700 HAFA sales had been completed since April 5th of 2010 when the program began.  That embarrassing news started a rip...
07/12/2011
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