Los Angeles foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.
Los Angeles lofts are a popular lifestyle choice right now. Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.
In the heart of downtown L.A., The Market Lofts are conveniently located near Macy’s Plaza and the Staples Center.
There has been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.
Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.
Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …
Los Angeles condominium buyers are in a great position to find and buy what they want. Whether you are looking for a luxury Los Angeles condominium on the water, or a loft in town, our unique buyer services are just for you.Not only will we give you full service – but as buyer brokers, we give you money back at closing.
The Wilshire Holmby was one of the earliest high-rise buildings on Wilshire Boulevard, commanding important views from its broad balconies. From the corner of Wilshire and Holmby, the views reach down the wide curve of the Boulevard and up over the tree-shaded residential neighborhoods of Little Holmby. A full-service building with 24-hour security, The Wilshire Holmby is centrally located to the many lovely communities of the Westside, including Beverly Hills and Westwood Village. Holmby Avenue is conveniently one block west of Beverly Glen – a wide boulevard that begins …
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Marty Walker Marty Walker came to real estate after over a decade of university music teaching and not-for-profit arts administration. His real esta... Read More
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