Tag: Get Real About Real Estate
FHA loan guidelines differ from conventional loan
Dear Michael: I am selling my home and received an offer from a buyer with an FHA 3.5 percent down payment. My house is...
Landlord must give 60-day-notice to terminate lease
Dear Michael: I am renting an apartment and my lease is set to expire at the end of May. My landlord has informed me...
Supplemental tax bill is based on reassessed value
Dear Michael: We are buying our first home and closing escrow next week. Who pays the remaining property taxes that are due?
Answer: Taxes are...
HOD is every condo owner’s responsibility
Dear Michael: I own a condominium, and we of course have monthly dues in order to keep the financials alive. However, quite a few...
Multiple offers currently dominating our market
Dear Michael: I submitted an offer on a home in a much sought-out-neighborhood of Culver City. We are told by the listing agent that...
Loan contingency needs to be extended
Dear Michael: We are selling our home. The buyers did not remove their loan contingency within 17 days as agreed in the purchase agreement....
Violation cloud on title must be cured in order to close...
Dear Michael: I am purchasing a property that has a city violation on title because the garage has been converted to a guesthouse without...
Reverse Mortgage can be a good option when retiring
Dear Michael: Can you let me know what are the advantages and/or drawbacks with regards to a reverse mortgage? I am getting a lot...
Buyer has contractual obligation, seller must keep track of time
Dear Michael: We are in escrow on our home and the buyers are not respecting the contingency dates. We are now 10 days past...
Tenants need to be out five days prior to close of...
Dear Michael: I am closing escrow in two weeks and the tenants whom are occupying the property are moving out on the day we...
