Los Angeles, CA Real Estate News

By Heather Black
(Keller Williams )
Last night my boyfriend and I went to a going away party for our girlfriend, Elenor, at Medusa Bar on Beverly in L.A. Located about 12 mins no-traf* from North Hollywood, 8 mins no-traf from Downtown, and pretty darn close to Silverlake, Medusa Bar and lounge is an architectual must-see. A mix of class and style make this place a modern and detailed establishment.Enter the bar through a large door guarded by two lions and you will see many chandeliers hanging from the ceiling.  My favorite chandelier encompasses the majority of the main bar, while others hang around - complete with antlers. As you walk through the lounge prepare to be "floored" by the high cathedral ceilings. Unusual in the L.A. area, to stand under these is worth the trip alone.  Conversation and enjoyable music  - spu...
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By Hassan Nicholas
(Community Financial Resource Center)
The mortgage crisis is steadily running its course through the economy and arguably has left not one sector or industry unscathed or at least threatened. And from where there is weakness, there is opportunity. Potential home buyers across the nation have realized a true "buyer's market" - defined by lowering interest rates, falling home prices, and motivated sellers. Finally, it seemed, that there was hope for the low and moderate income families to get a taste of good ol' American pie. Government-backed subsidy programs aimed at first-timers increased in popularity. We've even seen their funds being depleted due to a rise in loan reservation requests. For some time I have questioned the mortality of these types of assistance programs and recently posed the question on Zillow.com. Are t...
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By Lynne Pope, "Out of the Blue" solutions for perfect homes
(eXp realty, MFA,Hermosa Beach,Redondo Beach,South Bay )
Why?45% of the nations cargo goes through the Port of Los Angeles and Port of Long Beach.Therefore the roads out of the port lead to the rest of the world across our local streets. The local mayors met the agents of the South Bay Thursday 3/27/08 in Torrance. It was a great meeting Transportation was the key issue and sewer systems under the roads were next in orcer of biggest problemsfollowing Mayors.Gardena(freeway city)Lomita (the mayor is funny)Lawndale( they have money)Torrance (the biggest city)Redondo Beach(55+ drivers are biggest complainers on traffic)Hermosa Beach(the mayor is serious and says we don't know really bad traffic yet)Carson (talk about brown fields later)They have problems. mandated state items without the funds to follow the rule.got to www.teamatthebeach.com for...
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By Joe Zapata, Your Burbank Real Estate Expert
(Keller Williams Realty Media World)
 LAPD Foothill DivisionApartment Owners & Managers Rental Property Forum(A learning series on how to run, a safer & more profitable apartment building)  March 27, 2008 / Thursday6:30 to 8:30 p.m. Presented by:The City of Los Angeles in conjunction with The Apartment Association of Greater Los Angeles Topics will include:    1. WORKING WITH LAPD(Meet your Senior Lead Officer) 2.  FOOTHILL GANG UNIT(LA City Attorney's Office) 3.  HOW TO CONTROL CRIME & NUISANCE AROUND YOUR PROPERTY(Crime prevention through environmental design - CPTED & documentation for evicting nuisance tenants)  4.  EVICTION ATTORNEY - LESLIE BORN / QUESTIONS / ANSWERS Meeting Location:7747 Foothill Boulevard, Tujunga CA 91042(Sunland Tujunga Municipal Bldg. - Councilmember Wendy Greuel Field Office)    For more inform...
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By The Real Estate Group Luxury Home Specialists
(Keller Williams Realty)
Los Angeles Mayor Antonio Villaraigosa And Counsel Member Eric Garcetti announced on Wed a plan to streamline the process for getting building permits approved, the current process is incredibly time consuming anti growth. The new process will reduce the number of agencies involved from 12 to 2 and put the majority of the responsibility on The Department of Building safety and Public Works. The move is an effort to stimulate economic growth and the creation of Jobs. Several Local news sources have reported on this action and additional information is available from the mayor's office.This will be a time consuming process to get this initiative approved although the mayor wants to fast track this plan. There will be opposition but I believe that this is a plus for local homeowners and co...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Su KASA Dreams Realty)
Multi-Family Income Properties 2-4 Units, Residential Income Properties in Burbank & San Fernando Valley (Duplex for sale, Triplex, Fourplex, 2-4 units, 5+ units) serving Los Angeles County .  Lupe Soto is your Exclusive Buyer's Agent & Exclusive Real Estate Investor Agent . Lupe is committed to building wealth for you!  SE HABLA ESPANOL LUPE SOTO REALTOR & INCOME PROPERTY SPECIALIST, REO AGENT serving Burbank, Glendale, San Fernando Valley & Northern Los Angeles County including Santa Clarita Valley, Palmdale, Lancaster, CACALL FOR FASTER SERVICE (818)276-6882 Lupe Soto Realtor Income Property Specialist Principals only Multi-Family For Sale - MultiFamily For Sale - Duplex For Sale -Triplex For Sale - Fourplex For Sale VIDEO BLOG with duplex triplex fourplex for sale, call Lupe for mor...
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With less than 30 days left until April15th, many Los Angeles homeowners are scrambling to get their paperwork together for their tax preparer appointment. In all the frustrated and anxiety filled moments before the meeting, many homeowners may forget a few of the tax deductions they may be allowed. As a reminder, here are just a few that may help you with your income taxes this year. Be aware that before you make any of these deductions, you need to speak with a tax professional first before doing so. 1. PMI - Private Mortgage Insurance is an extra insurance that lenders require when a homeowner puts less than 20% down payment on a home. in essence, lenders would prefer an 80% Loan-to-Value, however those borrowers with an LTV higher than 80% must pay an insurance premium each month. B...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Su KASA Dreams Realty)
Toluca Lake Real Estate & Leasing, Burbank Real Estate & Homes For Sale by Lupe Soto (818)968-3718 Renting Better Than a Vacant HomeIf a house doesn't sell, owners should consider renting - and hiring a real estate professional to lease and manage the property.Renting out a house rather than leaving it vacant is almost always a better option. Plan to rent the property for several years, get some income and "get on with your lives."Some are afraid they'll lose a tax-free sale. But sellers only have to live in a home for two of the last five years to claim the capital-gains exclusion, so even if that is an issue, sellers have three years to rent.Once a home is rented, any fix-up costs are tax deductible. An empty house is hard to insure and it's a target for vandals. TENANTS - LEASING SER...
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By Michelle Minch, Home Staging Los Angeles and Pasadena, CA
(Moving Mountains Design Home Staging, Pasadena, CA)
The Los Angeles Times is running a feature article in the Sunday Real Estate section on March 16. The article paints a very clear picture of how home staging helps sell homes, even in this volatile real estate market. The article The Benefits of Staging a Home, written by Ann Brenoff, is available for viewing on-line. Ann interviewed Connie Tebyani of Platinum Home Staging, and me. The article gives a very balanced view of how home staging works, and how it can benefit home sellers and real estate agents. While this article will provide great promotional benefits for both Connie and myself, I think that it will also benefit the staging industry as a whole. No doubt, when a well respected newspaper like the Los Angeles Times says that staging is beneficial, it lends great credence to our...
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By Paul Kelly
(BEST RESULTS MORTGAGE CORP.)
For the majority of the year the commercial market had gone along its merry path,mostly undisturbed by the market forces affecting the residential world. However for the past few months we have finally felt some changes. Some of the commercial lenders have gone out of business. Recently the guidlines for commercial lending have also tightened up. Properties such as restaurants and assisted living facilities have become a challenge to finance. Is the commercial market going bust?I feel not. Although some of the guidelines have become more difficult, these changes will affect 10 to 20% of the available market. There is still a HUGE amount of business available for the real estate professional that goes out and seeks it. Our current lending market is probably like the one we had back in '0...
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Get the truth about selling your home before the Bank forcloses on you. Short Sale Specialist in Orange County, Riverside and Los Angeles County. Let me list your home and I will negotiate the sale of your home. The Bank will pay all the sales commissions and closing costs. Time is crutcial so call me today for your confidential consultation. Gary Gonzales - ReMax OCE, 949-322-4279 or 818-585-3856 www.GaryGonzaels.com Experienced! Reliable! Ethical! & Friendly!
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By Jimmy Bustamante
(JIMMY's Realty)
11th District Cost-Of-Fund- A published data series based on the average yield paid by saving and loan associations on the funds they used to make mortgage loans.   (Explanation)  The Federal Home Loan Bank of San Francisco (the 11th District) Interest rate is relatively stable as a deposit is made the interest rate are paid determined the time of the deposit.     Monetary Policy -Governmental regulation of the amount of money in circulation through such institutions as the Federal Reserve Board   (Explanation) Is a tool that the government uses to influence their economy and by controlling to amount of money on the market.   Seasoned loan – A loan on which several payments have been collected.   (Explanation) If the seller accepts a second mortgage on the property. After he collects 1...
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By Mina V. Garrey, Commercial Capital Properties, Los Angeles, CA
(Commercial Capital Properties - License #01768282)
You have probably heard in the news lately about the possibility of a recession as a result of the downturn in the housing market. Well, before we panic, lets make sure we understand that not all real estate is affected by the sub-prime mortgage crisis. What the newscasters are talking about is the residential (1-4 units) owner occupied real estate. When it comes to commercial real estate (office, retail, industrial, multi-family (5+units)) the real estate market is as hot as ever. In the Los Angeles area the outlook for the multi-family properties for example, remains positive due to the low housing affordability as well as high demand. According to Marcus & Millichap, the asking rents, construction and employment for LA County are expected to rise in 2008. Remember, Southern Californi...
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By Inspector PJ
(home inspection specialist)
Accessory: A building product which supplements a basic solid panel building such as a door, window, light transmitting panel, roof vent, etc. Aluminum Coated Steel: Steel coated with aluminum for corrosion resistance. Anchor Bolts: Bolts used to anchor members to a foundation or other support. Anchor Bolt Plan: A plan view drawing showing the diameter, location and projection of all anchor bolts for the components of the metal building system and may show column reactions (magnitude and direction). The maximum base plate dimensions may also be shown. Approval Drawings: Approval drawings may include framing drawings, elevations and sections through the building as furnished by the manufacturer for approval of the buyer. Approval by the buyer affirms that the manufacturer has correctly i...
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By Michelle Minch, Home Staging Los Angeles and Pasadena, CA
(Moving Mountains Design Home Staging, Pasadena, CA)
Not all home stagers are created equal. Before hiring a stager, there are some things you should consider. At this time there is no independent national organization(like ASID for interior designers, or NAR for Realtors) that certifies or licenses home stagers, and no government oversight or licensing in most areas. Here are some tips to help you select the right stager to help you sell your home: Experience and professionalism trumps "certification", "education" or "designation" in the staging world. Hire the stager with the most real world experience, not the stager with the most letters behind their name, although they may be one and the same. Ask to see the stager's portfolio - either on line or hard copy (book form). If they don't have a staging portfolio, in all probability they h...
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By Monique Bryher, MSPH, Broker-Associate -Physician Real Estate Specialist
(Pinnacle Estate Properties, Inc.)
http://www.californiarealestatefraudreport.com/ Fraud committed by licensed professionals, in addition to that committed by the consumer.
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With the new stimulus package being nearly passed by the President, now is the time to start thinking about refinancing out of those higher interest option arm rates or purchasing a new home. We all know how California has suffered through this housing slump, mainly because of our higher median home prices. The majority of Californians could not even think about refinancing their homes due to the fact that our homes are still to far above the conforming loan limit of $417,000. While we sat and watched many parts of the country such as the Midwest and Southern portions of the US refinance into lower conforming rates, we were basically held hostage by the secondary markets where loans are bought and sold. Since the credit crisis became news, the secondary market has virtually closed down ...
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YOUR REALTOR® DON SANCHEZ IN ACTION: "FREE ARTICLE"February 2008The biggest problem many people face when making the move from renting to owning a home is the down payment. You've been making regular payments every month for rent and can't seem to accumulate enough capital for a more permanent home. Many times homes in your area appreciate in value faster than you can save. You should explore all possibilities and make every effort to purchase a home now and begin benefiting from the home's appreciation and the income tax deduction that come with home ownership. But saving for your down payment doesn't need to be the mountain you've made it out to be.The Federal Housing Administration (FHA) or the Veteran's Administration (VA) and many other government programs or grant programs are ava...
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