Homepath los angeles county

Interesting option for condos. Will have to look into it locally. Thanks for the heads up. Gene - At first, I didn't find HomePath all that beneficial for the owner-occupied purchasing a primary residence. However, lately with so many condo's losing FHA status, the condos eligible for FHA buyers are becoming fewer and fewer.

For the condo buyer, HomePath may be their only option. Besides which, LA county has so many now and more and more are hitting the market all the time. Cari - For awhile there, LA county didn't have a lot of condos to choose from but over the last few months, so many more have hit the market.

As I explained, for many condo buyers, HomePath is their only option because the number of FHA approved condos are a lot less now. Tammy - Here in LA county, we have so many HomePath condos and some of them are really nice so for the condo buyer it is a great option. Thx for stopping by everyone; I really appreciate it. Have a good day and a wonderful weekend. Carol - Unfortunately, there's not much in the way of condos in Ventura county but I'll forward those onto you just so that you know where they are.

There are tons of Home path condos that are popping up! Two more in a certain part of Long Beach just this afternoon! Great opportunity for those buyers that are having a hard time going FHA. Donne: Tell us the best way to write offers on these - maybe you could make that part three When ever I write an offer on one of these I learn something new.

For instance, buyer has to pay for all escrow fees, correct??? Or was I mis-informed? Also, I was told by a listing agent they don't like VA offers???? This may be due to VA non-allowables? But as we know, these properties can go even more quickly than other condos because the complexes don't have to be qualified and the other benefits of no MI and no appraisal.

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This topic is just one of a number of contentious pre-trial issues that have arisen during the discovery process. Earlier this year, Bryant and the families of other crash victims settled a wrongful death lawsuit against the charter company and the estate of the operating helicopter pilot responsible for the deadly crash in January of By Jack Maloney. Oct 16, at pm ET 1 min read. Anyone reading this will pick up a tip or two. A very welcomed post Donne!

I'm viewing a Homepath condo with my client who is a first time buyer this afternoon so am doing some research ahead of time and found your post. I've learned a lot and have a better idea of the dangers. I've viewed several Homepath homes here in Orange County, CA and have found most of them to be in poor condition - or a generous amount of lipstick has been applied. Thank you! Jan - I'm hoping my post helps Realtors as well as prospective buyers in my market learn more about the HomePath program.

There are definitely advantages and disadvantages to this program but for some buyers, it's just another loan option. Iris - I still have mixed feeling about so many of these properties because they are quite honestly pigs with lipstick on them.

However, there are some that aren't so bad looking. For condos, it's pretty much the only game in town. Thx for stopping by ladies; I really appreciate it. Have a good night and a wonderful week too! Wow I did not know these things and have not done one except with an investor and he didn't care. But now I will look at the Homepath a little different. There are few of them and first time buyers definitely like them and take advantage of a low down payment, assistance with closing costs, no appraisal.

There are cons and pros of working with Fannie houses or buying them. Paperwork can be very tricky. I'm right now trying to get one. REO agent doubt that we can get it and hoping we'll fail since she had 2 cash offers in backup.

I tried to find anything here on AR, but nothing so far. We got everything well, the only contingency left: financing Inna - I couldn't agree with you more about the challenges of working on a HP transaction - they are indeed tricky. Having worked on a few HP transactions some successfully and others not so successful , there are just so many factors to that can derail the transaction and there are so many details that must be attended to.

HP properties are not for everyone and here in Los Angeles, the market is especially frustrating. So many of the HP properties are run-down dumps that are simply not eligible for traditional financing and can only go HP and then it becomes a question of whether or not the buyer wants the property enough to overpay for a money-pit.

What is a HomePath property and what do I need to do to buy one? FAQ - 1 What kind of property can I buy? Comments 40 Subscribe to Comments Comment. Show All Comments. Lorraine or Loretta Kratz. Crescent Moon Realty, Inc.

Donne: I love using HomePath here in San Diego we submit all offer electronically and I have found this to be a blessing, also, if the home is over priced -- there seems to be swift price reductions, and they sell quickly in San Diego. Donne Knudsen.

Phil - I'm glad that my post will be helpful to you and your clients. Cheryl - I'm glad I could provide some helpful info. Brent Alan McDonald. I've only found Homepath to be useful for Non-warrantable condos. Constina M. Rob Spinosa. Christine Donovan. Michael Jacobs. Thanks for the great information as always.