All Forum Posts by: Account Closed

Yups, conventional borrowers have some 80-95+% of their down payment to stretch up towards the purchase price whereas cash-on-hand offerers will stand their ground cause sometimes they can't even stretch 100k another 20% up to 120k etc.. 

then again conventional borrowers are making offers *contingent* on securing a mortgage which is so iffy these daysand only some 2.5%-20% of offer is actually their money, wheras cash-on-hand offerers are literally the ONLY ones actually putting more and all their money where their mouth is.

nice half raised cape cod. would go with light grey if keeping yellow on top and trim white.

just cuz like grey-yellow-white combo

so most of us here, already privvy to the many pet vs service/support animal posts, know by now that true service/support animals are not just pets.  they are disability assistance animals that are differentiated from pets by having been prescribed/recommended by a licensed healthcare professional (ie, physician or pscychologist/therapist).

enter pet therapists. they might prescribe a pet (or petS) for xyz reasons. but the moment the pet is prescribed/recommended it seems a pet obtained or used for that purpose transforms into a support animal, and is protected under provisions of the ADA.

with service and support animals, proof of need is required (especially in NO PET policy units/buildings) in order to document that we are not discriminating against any other tenant(s) that may want to have an animal as a pet (as opposed to as a service or suport animal).

enter the likelihood that we will likely be given a prescription or recommendation letter that at bare minimum will indicate the tenant has some sort of disability, plus may or may not share what physical, health and/or psychological condition(s) the animal was indicated for, or in the case of more than one support animal, which symptom each pet assists with.

a predicament?

tenant A loves dogs but the building policy prohibits pets. one day, tenant A notices thru the front window that tenant B moved in with 2 dogs (a pit bull mix and a german sheperd mix) with the PM present and no issue was apparently raised; landlord even pet and played with the dogs. 

tenant A feels betrayed and goes out and buys a yorkie. landlord finds out and issues notice of breach of contract and to vacate or restore the apt to its pet-free requirements.

tenant A contronts landlord and demands explanation as to why tenant B has 2 big dogs but tenant A cant have 1 tiny one. landlord discloses tenant B provided proof that each of the 2 dogs are emotional support animals.

tenant A asks tenant B why does she have 2 emotional support animals, and for a referral to a professional that could also recommend 2 or 3 dogs so he can keep his yorkie and get a playmate for his and maybe even the yorkie's 'emotional support' each.

tenant B is insulted and files a HUD complaint that landlord shared that she needs emotional support (per Fair Housing Act, landlords may not divulge that a tenant has any disability to any third party).

meanwhile, tenant C whose toddler was soon after mauled to death by tenant B's sheperd mix, has just won a case in California Supreme Court finding the landlord to be a statutory owner of the dog since it was accepted onto the premises simply based on a letter written by a 'pet therapist' without regard - and consequentially, with negligence - to the other tenants' safety and thus responsible for $2,000,000 in compensation to tenant C for the loss of precious human life, regardless of whether landlord was negligent or not, and regardless of whether animal was a service/support animal or pet.

landlord, having lost his countersuit against tenant B for vicious 'support' animal's lethal actions, files claim for his homeowner's insurance to cover the $250 million he owes tenant C but claim is denied altogether on basis that building had a no pet policy and dogs were not declared and the pit bull mix, though recommended, was never even licensed.

last but not least, landlord receives summons, subpoenas, etc from HUD and appears for trial in Federal Civil Court. judge finds landlord guilty of divulging that tenant has a disability and orders landlord to pay the statutory $16,000 for one county of housing discrimination, plus 300,000 in actual damages for the complainant (and of course, her attorneys fees) for she is emotionally scarred for life!

tenant A gets evicted but marries tenant B, gets a recommendation to keep yorkie for emotional support, and anyways, buys the building thru a court ordered forced sale to satisfy judgements and they live happily ever after with their hoard of 'support' animals... 

until tenants-turned-owners' 'loveable' pit bull mix killed a tenant's child and court ruled both community property owners were liable.. but they had no equity nor assets so thrown in prison for life - without emotional support animals nor pet visitation rights - and never invoked their conjugal visitation rights - the end!

touche! additional monthly fee for pets (ie if they are found to be sneaked despite the building having a strict NO PET policy. but not for service animals.

i say no pets, no exceptions.. except licensed 'service' and 'support' animals verified by th prescriber, at additional monthly fee due to added use.

Dont use either hardy nor private ! ever!! =D

well that's just me, so far, anyways. 

which tends to be more costlier as far as fees interest and profit sharing requirements?

i always thought FHA loans were ONLY for 1st time home buyers, silly me.

so, what mortgage programs out there are actually exclusively for 1st time home buyers?

I do recall alot of my FHA buyers telling me the FBI showed up at their door asking questions about the previous owner roundabouts 6-9mos after closing.

i always wonder if it was always about the previous owners, or more likely undercover way of checking if the holders of FHA loans are actually residing.

http://www.latimes.com/business/realestate/la-fi-h...

LA area home prices continue to rise (heck, so does inflation!), and less people are buying them. 

The above article cites "inventory constraints, credit hurdles and reduced affordability". Sure, the articles a bit early for the season as now we're almost already in summer, but doubt it has picked up in sales, but just more somewhat overpriced inventory piling up as most residents - who rent - likely give up even bothering to try to save up a down payment or qualify for a mortgage.

People who are who are looking to uprade their housing situation after the proverbial spring cleaning and tax return season, are likely only moving into a either a more spacious or a more affordable rental in this economy and inflation, if they can find one with the rental market saturated and owners expective prices above comparable market values.

Definitely there's a new surge in foreclosures in the area thanks to the Homeowners Bill of Rights being passed last year which prolongs but doesnt relieve/stop the inevitable foreclosure process where a significant % of homeowners give up making ends meet and ultimately lose their home no matter how long it dragged on. 

Investors actually able to finance these foreclosures should feel like in the candy store with the resultant surge in (short sales and) foreclosures, given regular sales being so increasingly 'greedily' priced (or maybe its more the inflation of the US dollar). Likewise, landlords already wealthy and looking to add another multifamily gold mine to their portfolio, are more and more willing to pay a million bucks for a fixer in a transient neighborhood (ie, Compton, Bellflower, Long Beach) just cuz it has 3-4 units.

As for economic recovery, imo, that was so last year =( 

http://www.usnews.com/news/business/articles/2015/...

To what end? Any predictions as to what will happen in the next 5 years to the socal housing market?

I'm leaning towards most homeowners realizing the dollar is just practically worthless these days compared to even just 5 years back, so each year the price in lousy US dollars they would part with for their pride and joy and American dream is incrementally more, even if it means their houses and others' more and more pile up and sit on the market teasing agents who fail to bring an acceptable offer; and causing foreclosures, short sales, and distressed sales to sell at practically regular sale market value as compared to the overpriced inventory. 

Inquire with animal control. Would you sit down to take a poop on a toilet already overflowing with it? Same goes for dogs' litter/paper area, what unsanitary conditions to keep dogs in let alone live in. 

Check animal limits. Most towns/cities' animal limit is 3-4 cats OR dogs total but wouldnt be surprised if some have started limiting it to 2 cats or dogs, total!

Most small dog owners actually let their dog poop indoors cuz walking them is time consuming and so after potty training the owners never move onto walking training.