What Is A Home Short Sale| Short Sale FAQ's

What Is A Home Short Sale| Short Sale FAQ's-

What is a Short Sale? Short Sales the sale of a home when the net proceeds do not fully pay off the existing mortgage loan(s) and the Lender is willing to accept a discounted payoff. The closing costs that are typically paid by the Seller are paid out of the proceeds from the sale, including but not limited to, commissions, escrow and title fees and any negotiated Buyer’s cost. Your home is sold and you avoid foreclosure.

Why would my lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process foreclosure process and/or the holding and maintaining of the property if it does not sell at foreclosure. The foreclosure process is very expensive and time consuming, so many lenders will agree to what seems a loss on the mortgage when they will actually save money by not completing the foreclosure and holding the property in their portfolio.

If I do a Short Sale, how much will I have to pay to sell my home? In most cases, you will not pay any sales costs if your Lender approves the Short Sale. All commissions, title and escrow fees, and some repair expenses are paid by the Lender, Investor or Mortgage Insurance company, if applicable, as part of the Short Sale approval.

How do I get started on a Short Sale? It’s easy! If you would like to see if you qualify for a Short Sale, click the Register button below. We will work with your Lender to get the process started.

Can I simply deed my property to someone else and avoid the hassle? Deeding your property to someone without paying off the mortgage loan does not forgive you of the debt, and the property is still encumbered by a lien. Always check with your attorney to verify all the options available to you.

What sort of hardship would my lender consider legitimate? To some extent, that will depend upon the Lender considering your Short Sale request.

• Below you will find a list of common “hardships” that may be accepted by Mortgage Servicers:


• Family illness or injury


• Job relocation


• Job loss or significant income loss


• Divorce or split of domestic partners


• Death of a spouse


• Adjustment in mortgage payment or unforeseen increase in living expenses


• Too much debt


• Military service

I am current on my mortgage, so will my Lender consider a Short Sale? The answer is, maybe. Some Lenders will consider a Short Sale offer on mortgage loans that are not delinquent. Other lenders will not consider a Short Sale offer until the loan is delinquent. We will work with you to put your Short Sale offer together and submit it for approval (remember, there is no charge for this). That is the best way to determine if your Lender will accept a Short Sale offer on a loan that is current.

Do lenders approve all Short Sales? No. That is why it is critical to work with someone, that has extensive experience at getting Short Sales approved and has direct contact with Mortgage Servicers.

I have a second mortgage on my property, so can I still do a Short Sale? Yes. We can also work with the Mortgage Servicer or lender that holds the second mortgage, (many times the same Mortgage Servicer holds the 1st and the 2nd loans) to put together a Short Sale transaction. It is very important however, that you let us know if you have a second mortgage, home equity line of credit (HELOC), or any type of lien against your property such as a Home Owners Association lien, tax lien or mechanics lien.

My property is in rough shape and needs work; can I still do a Short Sale? Absolutely, Lenders often take into consideration repair costs, as a factor, when determining whether to approve a Home Short Sale offer. I am concerned about my credit, so how will a Short Sale affect my credit? The goal is to avoid foreclosure. Consult your attorney to verify how this may affect your credit.

Can I receive cash from a Short Sale? No, Home Short Sales are only designed to get you out of your mortgage debt rather than going through the entire foreclosure process. It is not a refinance option and you will be vacating the property, as you would, if you were going through foreclosure.

What if my home is not worth what I purchased it for? This is the typical scenario for a short sale, when you can only sale it for less than it is currently worth.

How much will it cost me to use you as a Realtor? There are no costs to the Seller or Buyer for using us.

What if I have filed bankruptcy? You will need to check with your Bankruptcy Attorney to verify if you can proceed with a Short Sale.

Copyright © 2010 By Stephen Munson,Munson Realty,What Is A Home Short Sale| Short Sale FAQ's*What Is A Home Short Sale,Home short sale,home short sales*

Short Sale Alternatives| What are your options?

Short Sale Alternatives| What are your options? Before you consider a short sale, you must look at all of your options.

I'ts important that you weigh each Short Sale Alternative against each other and an actual Short sale.

Here are some options:

• Refinance | If you're current with your mortgage payments then this is a pretty good option. But typically speaking, distressed homeowner don’t have any equity in their home and their credit is shot so this not going to be an option for many.


• Do nothing or walk away | The Implication is clear here and the lenders only option will be to foreclose on your property.


• Lender Workout | Your lender may be willing to: 1.Add the missed payments to the existing loan balance. 2.Change the interest rate, including making an adjustable rate into a fixed rate. 3. Extend the number of years you have to repay.


• Sell And Bring Cash to Closing


• Deed in lieu of foreclosure | A Deed in lieu of foreclosure is when the home owner gives up title or deed to the lender to satisfy the loan. However, if the borrower owes more on the home that is owed, it is very unlikely the lender will agree to a Deed in Lieu of foreclosure.


• Foreclosure | Lender will recover the home through the foreclosure process.

If you think or believe you qualify for a short sale and are ready to take the next step please contact us immediately. There is no fee for a consultation.

You may contact us by clicking HERE

Or Calling

1-877-636-0444

Or Email us at getinthehouse@gmail.com

Copyright © 2010 By Stephen Munson,Munson Realty|Short Sale Alternatives| What are your other options?*Short sale alternatives,short sale alternative

FHA Approved Properties- What Kinds of Homes & Condos Qualify

Process of Short Sale | What is the Process for Short Selling a Home

Process of Short Sale What is the Process for Short Selling a Home? Before you consider entertaining a short sale you must first Determine if you Qualify for A Short Sale by asking yourself Do I pass the Hard Ship Test?

Here are just a few examples of Hardship.

• Loss of Job
• Becoming disabled
• Divorce
• Death of a spouse

Click here to learn more about Hardship For Short sale

Next Steps...

If you believe you pass the “Hardship Test”, it is most likely time to proceed with the Process of a short Sale.

It is now time to contact Us and we will quickly be able to confirm if indeed you qualify for a Short Sale. Once that is established, we will begin the Listing Process and guide you through the following steps:

• Put your Hardship Letter together


• Give us (your agent) Permission to Contact your lender to negotiate on your behalf and determine what you owe to date.


• After we determine the market value we will set a listing price and your home will be listed and Marketed on the MLS.


• Once Offer is Received and you have approved the offer, we will negotiate with your lender for their approval of the Short Sale


• Once Short Sale is approved by lender, escrow process begins


• After all parties meet their obligations escrow is closed and short sale is successfully closed.


• Start rebuilding your life and credit!

What you can and should do now if you think you are going to short sale:

• Gather Financial Documentation including: Tax statements, paycheck stubs, medical bills, mortgage statements and anything you think you will need to support your Hardship case.
• Contact Legal, Tax and Financial Professionals for their advise on how the short sale will

What are your other options? Click Here to find out more options.

If you think or believe you qualify for a short sale and are ready to take the next step please contact us immediately. There is no fee for a consultation.

You May contact us by clicking HERE

Or Calling

1-877-636-0444

Or Email us at getinthehouse@gmail.com

And on a more personal note: We have personally had friends and family experience hardship and have to Short Sale their homes. It is not an easy decision but once the process is over there is such a feeling of freedom that will allow you to have a more productive life and eventually be able to enjoy home ownership again if you choose to do so. Before you do anything else, let go of any negative judgment you have about your situation. We all experience challenges in life. Many of the worlds most successful people have had much larger challenges than you are probably going through right now. Like them, you must detach emotionally and realize this is a business decision and indeed, this too shall pass!

Copyright © 2010 By Stephen Munson, Munson RealtyProcess of Short Sale *What is the Process for Short Selling a Home,Process of a short Sale

Munson Realty Southern California Realty: ThingsTo Do In Pasadena California,Pasadena City H...

Munson Realty Southern California Realty: ThingsTo Do In Pasadena California,Pasadena City H...: "What To Do In Pasadena California | Pasadena City Hall is full of wonderful “photo ops” and a great place to start your journey before hea..."

ThingsTo Do In Pasadena California,Pasadena City Hall

What To Do In Pasadena California | Pasadena City Hall is full of wonderful “photo ops” and a great place to start your journey before heading off Old Town Pasadena or Paseo Colorado Pasadena for Lunch. This California Mediterranean style City Hall of ours (designed by San Francisco architectural firm of Bakewell and Brown) was originally completed in December 1927 and is in the Register of National Historic Places. It was closed for restoration and retrofit in 2004, reopening in 2007 quickly becoming a “favorite historic building in Pasadena” by locals in the city of Pasadena and tourist alike.

The ornamentation, fountains, rose gardens and the general ambiance have inspired many couples to host their wedding photos inside and around Pasadena City Hall. And it’s no wonder considering the Alaskan Marble Stairways with wrought iron balustrades graces this marvelous structure.

Some of the other elements used in the design of Pasadena City Hall are: the Red Cordova Clay Tile Roof, Fish-Scale Tile Covered Dome and the floor of the lobby laid in Padre tile.

So the next time your Wondering What do do in Pasadena CA, take a few minutes, grab your camera and head over to the intersection of Garfield and Holly. Take a couple quarters for the parking meter and add Pasadena City Hall to your “Pasadena Photos” Collection!

For More Pasadena City Hall Photos Click Here

Copyright © 2010 By Stephen Munson,Munson Realty,Things To Do In Pasadena California | Pasadena City Hall *Things To Do In Pasadena California,Things To Do In Pasadena Ca*

What Is The Difference Between A Short Sale And Foreclosure|How It affects your credit

What Is The Difference Between A Short Sale And Foreclosure

The intention of this article is to give you a brief understanding of how a Short Sale Vs. Foreclosure affects your credit and ability to buy a home in the future. The description of each process is very brief and a "nut shell" version of the more detailed definitions of each. You can click on any of the links below to gain a broader understanding of the Short Sale and Foreclosure Process. This article assumes you already have a basic idea of each.

Nutshell Description of a Short Sale and Foreclosure.

Short Sale:

When a seller must sell their home for less than they owe on the property, and the lender that they owe the money to agrees to take less than they originally loaned, that is a short sale. The "short" of the sale is the difference between what the property can be sold for (+expenses) minus the loan balance. Example: Home owner owes $400K on loan for their home, but the home is only worth $300K. The "short" of the sale would be $100K Plus Expenses that the Lender would have to take a loss on.

Foreclosure:

Most Foreclosures in California are Non-Judicial foreclosures.which means there must be a power of sale clause in the mortgage/loan document or deed of trust. This is a clause saying that the home owner agrees to allow the lender to sell the home in the event the buyer defaults on the loan. Of course there are a number of steps involved that allow the home owner to “make good” on the loan by catching up payments and even renegotiate the loan so they can stay in their home. If that’s just not an option the homeowner can exercise, eventually the Lender will send a Notice of Default, arrange for a Trustee’s sale, the home owner is evicted and attempt is made to sell at a public auction. If it can’t be sold at auction the lender takes back the property through the "Foreclosure" procedure and will eventually sell it on the MLS to recover their losses.

Here's how the borrower or homeowners credit and ability to buy in the future is effected by each:

Short Sale:

How does it affect Your FICO/Credit Score? With a short sale, there may be less of an impact on your credit score, especially if you maintain your other debt obligations. Fair Isaac (FICO)says that your score may be compromised by 40-135 Points When Can you Buy again? Now you may feel like you never want to own home again but that will pass. Eventually you will want to buy another property and with a succesful short sale you will more likely be able to do so sooner than if you Foreclosed. Various resources report as soon as 24 months post short Sale

Foreclosure

How does it affect Your FICO/Credit Score? Your credit may be hit much harder, as much as 200 to 300 pts. When Can you Buy again? Most reputable sources report that post foreclosure, there is typically a longer period of time before you can buy again verses the short period experienced after a short sale. Most likey it will be 24-72 months for you can get a loan with a reasonable interest rate. If you think or believe you qualify for a short sale and are ready to take the next step please contact us immediately. There is no fee for a consultation.

You may contact us by clicking HERE

Or Calling

1-877-636-0444

Or Email us at getinthehouse@gmail.com

Copyright © 2010 By Stephen Munson,Munson Realty Southern California Real Estate*What Is The Difference Between A Short Sale And Foreclosure * This information is meant to be helpful and informational purposes only, Please seek legal advice.

What To Do In Pasadena California | Walking Photo Tour

What To Do In Pasadena California |Walking Photo Tour- As they say, some of the best things in life are free! And it cost you absolutely nothing to do a walking photo tour of Pasadena. I start every day (no kidding, every day) with a one hour power walk. Many of those mornings I will do my walk or jog through some of Pasadena's most beautiful neighborhoods.

I belong to the 24Hour Fitness on Colorado Blvd and rather than bore myself to death on the treadmills, I do my cardio outside.

Every once and awhile I will bring my camera along with me and the photos you see here today are the result of a very recent walk South on S. Los Robles & S.Oakland Ave.

Besides the health benefits of my walk, I need to keep track of local inventory and somehow I fell like I keep a better thumb on the market by personally touring the neighborhoods. But I also like to have an array of photos to give my clients Idea of the different types of homes you will find throughout Los Angeles, Especially Pasadena.

This page contains some classic examples of Craftsman, Tudor. Spanish and Mediterranean style architecture. Of course there are many more examples of these and other styles of home and buildings for that matter in Pasadena.

If you are a garden and landscape lover, there are some wonderful examples in almost every front yard. Even the city landscaping is lush with huge green trees punctuated by old style street lamps.

It doesn’t really matter if you are looking at homes or just admiring the neighborhoods, a simple walk, jog or run through almost any Pasadena Neighborhood is a great way to get exercise and maybe stimulate how you want your next home or neighborhood to look.

Maybe the next time you don’t know What to do in Pasadena Ca. a Walking Photo Tour is what you’ll do! And please, by all means, let me know how YOUR walking tour went.

By the way, if you see a pasty white guy power walking, pumping his arms in the air and a camera around his neck, there’s a good chance it’s me, say hello!

Copyright © 2010 By Stephen Munson,Munson Realty,What To Do In Pasadena California*What To Do In Pasadena California, What to do in Pasadena Ca

Homes For Sale In Silver Lake Los Angeles California|From $300K-$400K

Homes For Sale In Silver Lake Los Angeles California|From $300K-$400K We've created this Silver Lake Ca Home Search that features homes from $300K-$400K. The map feature below is interactive, you can move the map around with your mouse, you can zoom in and out also getting more listings on to your map.

If you happen across one of the listings that appeals to you, you can click on it to get more information. If you need more information or want to schedule a showing you can request that we contact you.At the bottom of the map search there is a search tab. When you click on that tab- it will open up into a screen without leaving the map where you can change your search criteria. So you can change the number of bedrooms or the price range or switch from single family homes to condos in Silver Lake.

Adittional $300K-$400K Searchs for:Pasadena|Silver Lake|Echo Park|Burbank|Eagle Rock|North Hollywood|Sherman Oaks

 

Copyright © 2010 By Stephen Munson,Munson Realty,Homes For Sale Copyright © 2010 By Stephen Munson,Munson Realty,Homes For Sale Silver Lake Los Angeles California|Silver Lake Home Search ,condos in Silver Lake

 

What Is The "FHA Hot Prop" List?

First Time Home Buyer Los Angeles-Searching for FHA approved properties in Los Angeles can be quite a challenge. Whether you've just started your FHA Home search or are about to begin, you will totally appreciated the "FHA Hot Prop" List.

FHA is very strict with what kinds of properties they will make loans on. Running around town looking a properties that don't qualify for FHA guidelines can be a huge waste of your time.

This is why I have created the "FHA Hot Prop" list of FHA approved Condos in Los Angeles (Homes and Town Homes too),properties that meet their guidlines. The "FHA Hot Prop list" get's emailed directly to you with all new FHA Approved Properties as they hit the market. The list includes photos, prices,addresses and all the important information you need to know about a home. The "FHA Hot Prop" list is free. If you are not currently represented by a Realtor or are looking for a fresh start with a new agent, I would love to create a "FHA Approved Hot Prop List" for you.

There is no fee to be on my list, All I ask is if you see a property you like make me your Realtor!

Copyright © 2010 By Stephen Munson,Munson Realty, All Rights Reserved.*What is the FHA Hot Prop List,FHA approved Properties,FHA approved Condos in Los Angeles,First Time Home Buyer Los Angeles*

Pasadena Homes for sale

Homes for Sale in Pasadena California| Pasadena rates in the top Southern California neighborhoods to live and play. It encompasses the many attributes we in Southern California have come to expect and enjoy. Pasadena is rich and diverse in Culture with people from all walks of life and nationality's.

Pasadena is architecturally diverse as well and provides many “photo ops” starting with City Hall’s Mediterranean Style architecture, to the Gamble House with it’s American Arts and Crafts style architecture.

For you “Foodies” and “Shoppers”, there are plenty of those opportunities at Paseo Colorado and in Old Town Pasadena. And of course what Hip and Happening City would be complete without Trader Joe's, Whole Foods and Fresh And Easy!

If being outside is your thing there are plenty of places to hike such as Eaton Canyon Natural Area Park or just a morning jog through many of the wonderful Neighborhoods where you will see Beautiful Craftsman, Mediterranean Spanish , Bungalow and even a few Tudor Style homes.

So if your making Pasadena your next home, then welcome! And if you already live here but your “Moving Up”, “Down Sizing” or ready to stop renting, then you already know how fabulous our city is! And you couldn’t pick a better time to start your home search because there are many good buying opportunities for you available today. For all of you I have created a General Pasadena Home Search and Several “specialized” searches based on price ranges.

The map feature below is interactive, you can move the map around with your mouse, you can zoom in and out also getting more listings on to your map. If you happen across one of the listings that appeals to you, you can click on it to get more information.

If you need more information or want to schedule a showing you can request that we contact you. At the bottom of the map search there is a search tab. When you click on that tab- it will open up into a screen without leaving the map where you can change your search criteria. So you can change the number of bedrooms or the price range or switch from single family homes to Pasadena Townhomes.

Enjoy your search!

Copyright © 2010 By Stephen Munson,Munson Realty,Homes for Sale in Pasadena California*Pasadnea Home Search,Pasadena townhomes, Southern California neighborhoods.

Los Angeles Bank Owned Properties-Guidelines for buyers

Los Angeles Bank Owned Properties are plentiful right now but they sure can be a challenge to purchase. By following some simple guidlines and having a generous amount of patients, you can snap up one of these better priced properties.

But because the banks are required to disclose very little about the properties condition (remember, MR or MRS Bank Never lived in that property, all they know about it is they want it sold!), it is up to you and your agent to do your homework!

Here are some very useful guidlines to bear in mind if you are considering purchasing LA Reo Properties (Real Estate Owned, same as bank owned).

Property Condition:

Many of the Bank Owned homes Los Angeles host aren't left in the best of condition. While cosmetic issues can be resolved rather easily in some cases, structural issues can blow your deal and cause your lender to NOT loan you the money on the property (cash buyers not such an issue).You must get a home inspection to avoid walking into a nightmare!*Buyers looking for FHA approved homes in los angeles must pay super close attention to this as FHA is very picky about the structure of the home you are buyer.

Timelines:

When dealing with bank owned homes it's all about the bank and their schedule! Be aware it may take several days to weeks to get a response to your offer. On the other hand, they are very strict in the timelines they set forth for you. It is not uncoomon for them to charge you $100 per day if you do not close on time. Make sure you pick a Savvy Realtor and Lender to represent you or it could cost you money!

Make Strong Offers:

Be sure to put your best foot forward when you are putting offers on and of the Los Angeles bank owned properties. Especially when you know there are multiple offers. Make sure your Agent has a good idea of the market value in the area and that you are being reasonable with your offer. In most cases, don't "Low Ball" offers because you are simply wasting valualbe time you could be utilizing to find your next home!

Copyright © 2010 By Stephen Munson, All Rights Reserved *Los Angeles Bank Owned Properties-Guidlines for buyers,LA Reo Properties,Bank Owned homes Los Angeles,FHA approved homes *

Buying a home without an agent | Does it save money?

FAQ: Buying a home without an agent | Does it save money?

Unless you buying a home from a "For Sale by Owner" you will be using an Real Estate Agent. The question is will you be using the Sellers agent (the persons name on the for sale sign representing the seller) or your own agent (someone representing your best interest).

Think about this, the Sellers Agent (guy or gal on the sign) has a fiduciary responsibility to act in the best interest of his or her client, the seller. His job is to get the most $$$ for his client. With that in mind, he could never tell you that you are offering too much or should request his seller to fix this or that. If he did, he or she would be breaching his legal duty to the client (seller).

Let's keep in mind that YOU as a buyer do NOT pay your agents commission. Which brings us to the next question: Who DOES pay the Realtors Commissions? The commission is paid through he sellers proceeds, not from your pocket! So why wouldn't you have someone on YOUR side, negotiating on your behalf, especially if you are not paying them out of pocket?

Remember the Home Buying Agent (AKA Buyers Agent, your agent as a buyer) has a Fiduciary responsibility by law to represent YOUR best interest. Not only that but a good buyer's agent knows the entire local inventory and the neighborhoods.

They will also do the searching and leg work for you. AND you don't pay them! So why resist? Let's face it, if they don't find you a home, they don't get paid. It is in YOUR agent's best interest to find you a home that YOU love and can afford. So as you can see, there is no real benefit in buying a home without a Realtor.

And one final thought, your agent should immediately give you access to their "buyer friendly" version of the MLS (Multiple Listing Service). This is the only True and accurate inventory of all homes that are listed for sale. The first thing I do when I meet a new client is give them access to my Los Angeles MLS. Once you gain that access, you can drop Craigs List or any other search site outside of the MLS!

Until Next Time,

Happy Home Hunting!

Copyright © 2010 By Stephen Munson,Munson Realty,Buying a home without an agent | Does it save money?*buy a house without a realtor,buying a home without a realtor,buying a home withoutan agent,buying a house without an agent,buying home without realtor,home buying agent,real esate agent,your realtor,realtors commissions,los angeles MLS,MLS,buyers agent*

Pasadena City Hall | 100 North Garfield Avenue, Pasadena California

Pasadena City Hall | 100 North Garfield Avenue, Pasadena California is full of wonderful “photo ops” and a great place to start your journey before heading off Old Town Pasadena or Paseo Colorado Pasadena for Lunch. This California Mediterranean style City Hall of ours (designed by San Francisco architectural firm of Bakewell and Brown) was originally completed in December 1927 and is in the Register of National Historic Places. It was closed for restoration and retrofit in 2004, reopening in 2007 quickly becoming a “favorite historic building in Pasadena” by locals in the city of Pasadena and tourist alike.

The ornamentation, fountains, rose gardens and the general ambiance have inspired many couples to host their wedding photos inside and around Pasadena City Hall. And it’s no wonder considering the Alaskan Marble Stairways with wrought iron balustrades graces this marvelous structure.

Some of the other elements used in the design of Pasadena City Hall are: the Red Cordova Clay Tile Roof, Fish-Scale Tile Covered Dome and the floor of the lobby laid in Padre tile.

So the next time your in Old Town Pasadena Paseo Colorado Pasadena take a few minutes, grab your camera and head over to the intersection of Garfield and Holly. Take a couple quarters for the parking meter and add Pasadena City Hall to your “Pasadena Photos” Collection!

For More Pasadena City Hall Photos Click Here

Copyright © 2010 By Stephen Munson,Munson Realty,Pasadena City Hall | 100 North Garfield Avenue, Pasadena California*city of pasadena,pasadena photos,pasadena city hall,register of national historic places,Paseo Colorado Pasadena*

Affordable Homes In Affordable Los Angeles Neighborhoods

Affordable Homes In Affordable Los Angeles Neighborhoods|A few months ago an Actor friend of mine who was a first time buyer here in Los Angeles asked me to help him look for a home in an affordable LA neighborhood.The challenge was he absolutely had to have 3 bedrooms and it had to be under $300K. He wasn't being cheap, that's all he could afford. He wanted to have room mates to supplement the mortgage payment. Not at all uncommon in LA.

My first thought was GOOD LUCK! I really thought we he would have to go for a 2 bedroom and compromise. Well, to my surprise, I pulled up 35 Listings that were all 3 bedroom properties under $300K! Of course they weren't all in great condition but many were in pretty decent condition. Actually a few of them were within 2-3 years old and still smelled new! Of course these properties sold very quickly and we had to move fast. We missed a few but finally got him a 3 bedroom Town Home with attached garage, fireplace and 2 bathrooms. It was bank owned

and needed to be cleaned up but he only paid $250K for this property (we closed on this in May 2010).

I will say this, you will get much more bang for your buck (in nicer areas) in Town Homes and Condos rather than homes in this price range. But their are several Detached Homes in this price range.

So thanks to my client Kai (his name), I created the "3 Under 3" Hot Prop List to focus on these particular properties for my buyers in this price range. In short, these are homes, Condos & Town Homes in the Los Angeles that have at least 3 Bedrooms and are under $300,000. And yes, there a FHA approved properties in this price range!

I'm not sure how long we will see these prices but I'm guessing not a whole lot longer. (bad for you the buyer, but good for our market and buyers who got in early enough). If this web page is still up, then theirs still inventory in this price range!

These properties are perfect for the "Los Angeles First Time Home Buyer" and "Investor" looking for entry level properties.

If you've read this far then theres a good chance you are interested in my "3 Under 3 " Hot Prop List and I would love to have you as a client.

Here are a couple of things for you to keep in mind.

• It's 100% okay for you to look as long as you like but you must be pre-qualified for a loan or be willing to get pre-qualified before you and I go looking at a properties.
  
• I highly suggest you contact your bank or lender to get qualified; it's a fairly simple process and the first step in purchasing a home. Here's some general information on getting qualified (click here). I don't do loans but can recommend several good lenders.
  

To get on my "3 Under 3" Hot Props List, follow this link "3 Under 3" Hot Prop List After you complete the registry, you will automatically be able to see all postings to date. You will then begin to get the "3 Under 3 Hot Prop List " delivered to your e-mail daily.

Let's say you see a home you like and want to take a closer look. Here's what you need to know to move forward:

Send me an email or give me a call and be sure to include the MLS #. I will then set up an appointment with you to view the property.

What are “3 Under 3”Hot Props? Watch this YOUTUBE Video Explanation

Copyright © 2010 By Stephen Munson,Munson Realty,"3 Under 3" Hot Props List |Affordable Homes In Affordable Los Angeles Neighborhoods*Los Angeles First Time Home Buyer,homes, Condos & Town Homes in the Los Angeles,affordable LA neighborhood*