Sur Real Estate of Mind: First-time Buyers and Teachers in SoCal

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Mortgage and Lending - Community Financial Resource Center
RECENT BLOG POSTS
The New Architects and the Re-Construction of the Real Estate Market by Hassan Nicholás   At this moment, as you are reading, another headline signaling the collapse of the US real estate market is going to press. And so goes our desensitization to the current reality. In this day and age where m...
06/12/2008
New Homebuyer FYI #4 by Hassan Nicholás Supplemental Tax - Most home buyers are unaware of or don’t understand supplemental property tax, but if you’re not prepared it could be quite a payment shock. The tax is an additional tax beyond the normal annual tax you would pay for any increase in the v...
05/29/2008
Down Payment Assistance using Real Numbersby Hassan NicholásBy request we have been asked to do a demonstration of how using a down payment assistance program could work with alleviating higher costs and narrowing the affordability gap between buyers and home prices.The bottow example uses the Co...
05/19/2008
Before you figure out when you should buy, determine how you will buy.Here's my list of factors you should take into account before you make one of the most (if not, the) biggest purchase in your lifetime. Real estate data - Those who are able to interpret real estate data well can probably make...
05/12/2008
Programs & Status   LAHD Low Income, Mod 120, Mod 150 - January 2009* LACDC HOP - November 2008* LACDC ADDI - July 2008* LAHD ADDI - Available LAHD MCC - Available CalHFA (ExtraCredit Teacher, CHDAP, CHAP, HiCAP, etc.) programs - Available     *Reflect anticipated dates that are not guaranteed.  ...
05/12/2008
Califotography: A Pass Through Miracle Mile, Glimpse of Park La BreaThis brief photo tour shows parts of Park La Brea and Miracle Mile. This popular, growing area is sandwiched between Beverly Hills and Hancock Park, bordered loosely by Wilshire Boulevard, 3rd Street, Fairfax Ave and La Brea. It ...
05/06/2008
  Compiled by Hassan NicholásFYI #3...random stuff to knowReal Estated Owned property or REO means the bank owns the property and is selling it. Bank must deliver the property to a new owner without past liens, either property taxes or HOA dues. Recorded liens - that's the guarantee. Liens that h...
05/06/2008
The Doomers PerspectiveGreat time to buy? You're probably better off waiting. There is strong evidence that we are witnessing the beginning of what will be one of the most destructive periods in our otherwise polished economic history. In it's glory days the real estate market allowed owners, fir...
04/28/2008
First Came the Lions, Now Heed the VulturesThe Lambs, Lions, and Vultures of Today's Real Estate Scamsby Hassan NicholásAnd so goes the scene...We open to a flat, barren landscape. An unforgiving sun hangs high in a cloudless sky. The naked earth resembles an abandoned wasteland, except for the p...
04/08/2008
by Hassan NicholásBy now, we are all pretty accustomed to the bleek news that's reported daily about the failing real estate market. You might have even become desensitized to it and found other crises to worry about. So when we hear that the Fed announced another rate reduction, how should we re...
04/04/2008
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Hassan Nicholas

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This blog is a resource for first-time home buyers in SoCal. It's unique because it's administered by a well-established non profit organization based in Los Angeles. We decided to offer this blog as an extension of our first-time home buyer program and Los Angeles Teachers Mortgage Assistance Program. If there could be way to rate a blog's "coolness" on ActiveRain, we'd probably make top 5 easy.