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Los Angeles buyer tips

Advice on Buying Foreclosures, Short Sales and Bank-Owned Properties

I got an email from a friend in New York the other day looking for advice on buying a foreclosure. I sent him an email, but then thought many...
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What is a short sale?

Simply, it's when the sale of the house is less than what the owner still owes on the mortgage. Many lenders will agree to a short sale and forgive...
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10 things to look for in a buyer's agent

If you're ready to buy a house and you're looking for a real estate agent to help you (also known as a buyer's agent or buy-side agent), here is a...
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"I'm buying, and I need advice on a mortgage"

My cousin sent me the following email today: From: XXX Rascoff [mailto:XXXX@yahoo.com] > Sent: Sunday, January 18, 2009 8:32 PM > To: Spencer...
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The psychology of a listing price

Chalk this one up in the "sad but true" category. Not all listing prices are created equal, even if the numbers are the same. There are...
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Advice to buyers

We all know that this is a buyer's market. Home prices are way down; foreclosure sales (which usually contain bargains) are way up. And mortgage...
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Why buy when you can rent?

Here's a tip for buyers in this crazy market: consider rentals. Why? I'm not suggesting this because it's not a good time to buy -- it probably is...
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