Buy your Next Home For $17,000!

Buy your Next Home For $17,000!

21926 South Vermont Ave, Torrance, CA. This is a senior mobile home. 1 bedroom, 1 bath 436 sq ft interior. Pets are allowed (must reside in unit). Comes with gas/electric stove and refrigerator. Space rental fee is $470 per month.

Call Maria Little 310-654-3010 or email me at: marialewislittle@yahoo.com

Carson CA fire in Avalon Park Trailer Homes

On October 29, 2011 the city of Carson experienced a fire that destroyed at least 10 trailers and the back of a building under construction.

According to City Hall there are funds to assist the homeowners if they meet income levels and other criteria. Some homes will just be lost.

I will follow this story and update you periodically.

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Open House Carson 90746

Hello, I am now an Agent/Realtor(R) with Prudential California Realty South Bay Carson as of September 2011. My farm is from Wilmington Blvd/Central Ave to Del Amo Blvd/Alonda Blvd. Currently my Open House is located at 19321 Hillford Ave. The time is 10am-3pm. Come out and experience a great Open House.<li>

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Hobart Blvd Property

I am co-listing a property in Torrance, CA. It is 1402 sq. ft. main hse and 855 bonus room with 1/2 bath over the garage on a 7500 lot. Main hse has 3 bedrooms, 2 bath. It comes with dual-pane windows, a double double garage (4 cars), fruit trees, black-berry vine, tomato vine, roses and more.

The top of the garage has prints draw up, by an architect, to include a kitchen and bath/shower, along with 3 bedrooms. The prints are with Building and Safety waiting approval. The buyer would have the option to buy the plans and obtain the permit under their name or the Seller can pull the permit under their name and build it out themselves. A buyer would save $30k-$40k if they pulled the permit under their name and built it out themselves.

This is a must see property located in the prime area of Torrance (Harbor City Gateway area) CA.

The MLS# is R1100768. For more information, please contact Maria at (310) 654-3010

New Potential Client

I began communication with a single woman who desires to stop paying rent and wants to purchase a Condo in Los Angeles, CA. We began discussions in Nov. 2010.
The woman said she had some bad debt she needed to clear up first. So I made some suggestions. None of which she utilized.
By Dec. 2010 she ask me to begin sending her listings of foreclosures under $100,000 which I did. None of which she looked at.
Now it is Jan. 2011 and the woman has not asked to go look at any of the properties nor has she continued ongoing communication. She only conversant with me at church before and after service regarding what she plans on doing.
Sometimes, for a variety of reasons, people say and do unpredictable things which perhaps makes sense to them but perhaps may not always be in their best interest.
When the woman and I last spoke she informed me that she plans on purchasing a list of foreclosures from a Registry and will use the advice of her family member to help her understand the paperwork because that particular family member purchased a home four years ago.
I will continue to make myself available to this woman offering her information to assist her with making choices. I am knowledgeable in this industry, confident and honest. If I can offer you the best options guaranteed would you do business with me?
Paying a registry is fine if that is what you choose. However, a registry is not going to look out for your best interest. They are trying to move a property, period.
When you decide to purchase property for the first time can and is scary. I totally understand that. It is comforting to have someone represent you that has your best interest at heart. I work hard for my clients to reassure them the best options available to them at that particular time.
Real Estate forms are changing all the time. I want my clients to be happy that they made a sound decision. And, I want them to ask me any question that is on their mind. I am here to help place you into the property of your dreams. Call me @ 310-654-3010.

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Starting The New Year Off Right

Today was a wonderful day. I spent it with my oldest son. I closed a REO escrow in the city of Lawndale on a duplex in December 2010 and my son and I went car shopping for myself. You see I’m upgrading from a Mercury to a Lexus. The Lexus is the car that I always wanted. I feel accomplished just for today. I am already working on my next escrow.

Who says you can’t sell property this time of year. So far every escrow that I have opened successfully closed.

Remember, “You won’t get stuck in the middle when you call Little”.

HOMEPATH FINANCE PROGRAMS

Homepath- Program a must have in your arsenal!

Hello everybody,

             Market rate have been heading up for the past 5-6 business days in the opposite direction to what most people were expecting for it to stay low or stable.   Just this month the Federal reserve announced the 2nd Round of buying of additional $600 Billion in treasuries until June 2011, to boost growth and keep interest rates low.   One big change i noticed compared to the 2009  treasury buying, was the focus now is on short term maturing treasuries 10 year notes and below; where before it was on long term maturing 10year and higher.   You see as Federal Reserve buys these treasures each month they will artificially bid up the prices and treasury yield (rate)  moves directly opposite to its price.   So as price go up Yield should come down and Mortgage rates mostly tracking treasuries should of have produced lower Mortgage rates.   But if the Fed wont be using the Billions to buy Long term treasuries then the Long term rates like the 30year Fixed  will be pushed higher.  See the link below for the announcement

Now to the Homepath Program – A must have in your arsenal!

  I just helped a client of mine to buy a investment condominium for his portfolio at discounted cash value and was able to use the Homepath loan to purchase it.   When searching for condos on the MLS you may have noticed “Cash Only”  and these days the biggest reason for that is current homeowners are not paying their HOA fees on time.  If the  percentage of delinquent or non-paying homeowners are 15% or higher then the banks will not give out Conventional or FHA loans and the only option will be “Cash purchase”.   This issue makes the value of the condo complex go down due to lack of financing and buyers are able to buy at a big discount $81,600, compared to other complexes next door average $110,000-120,000.   Eventually finance-ability will come back to the complex when most of the higher priced purchased owner recycle out of the community and complex stabilizes and delinquencies goes lower then 15%.      When that happens finance-ability will come back to the building and prices will go up to the neighborhood prices regardless of what the RE market is doing.   There is a hidden profit on these properties that i have  discovered during my research and i invite you to take advantage of it and share with your buyers!   

Homepath loans allow you to finance in condo/townhome complexes and buy at cash value.   You must look at properties with Homepath financing offered , and only the ones that are Fannie Mae REO qualify for this loan.  Requirements as follows:

– Verify property eligibility at www.Homepath.com
– No appraisal required
– Purchase loan Owner occupied SFR/condo 95% LTV
– Investments to 85% LTV
– Mortgage insurance required
– 1-4 units, condo
– Minimum 660 credit score

And as additional incentive Fannie Mae is offering buyers up to 3.5% in closing cost assistance and a added $1,500 bonus for selling agents on HomePath properties through December 31, 2010.

http://www.bloomberg.com/news/2010-11-03/federal-reserve-to-buy-additional-600-billion-of-securities-to-aid-growth.html

For more information please call me at 310 654-3010