Los Angeles Real Estate Blog

What is HAMP and how can it help me modify the loan on my Los Angeles home

What is HAMP and can it help me modify the loan on my Los Angeles Home? If you can no longer afford to make your monthly loan payments, it is possible that you can qualify for a HAMP loan modification to make your monthly mortgage payment more affordable.  HAMP stands for Home Affordable Modification Program and it offers eligible borrowers the opportunity to modify their loan to lower their monthly mortgage payment to 31 percent of their verified gross (pre-tax) income to make their payments more affordable. If you are currently having difficulty making your payments, even if you have missed one or more payments, you may be eligible for the Making Home Affordable HAMP option. To be eligible for HAMP, the following four items must apply to you:
  • Own a one- to four-unit home that is your primary residence
  • Have received your mortgage on or before January 1,...

The 2012 Silver Lake Jubilee Music Festival is on NOW!

The 2012 Silver Lake Jubilee Kick’s of its 3rd year today.

2012 Silver Lake Jubilee takes place Memorial Day Weekend May 26-27 Until and unless we get the Sunset Junction Street Festival back, The Silver Lake Jubilee is it, when it comes to Silver Lake music street fairs. Festivities start at noon at the intersection of Sunset and Santa Monica Boulevards and go till 11pm.   The fun continues on Sunday from noon until 10pm.  You can buy tickets for individual days or pick up a weekend pass if you plan to immerse yourself in this Silver Lake music event. Radio station KCRW brings us the Silver Lake Jubilee which includes tons of live music, food trucks, comedians, craft vendors and more. Proceeds from the event support...

What is HAFA and is it a benefit to me in short selling my Los Angeles Home?

Yes, HAFA, or Home Affordable Foreclosure Alternatives, could be a benefit to you. HAFA was designed to help homeowners avoid foreclosure by allowing them to "sell short" or sign a Deed in Lieu of Foreclosure. A Los Angeles short sale can help save your credit scoreAccording to MakingHomeAffordable.gov, the first benefit is that either of these options will have a lesser impact on your credit scores than will a foreclosure. A Deed in Lieu simply allows you to transfer title back to the bank without going through the foreclosure process. This is generally only allowed if you have no second mortgage. The second major benefit to HAFA is the avoidance of any possible deficiency...

Sunset Silver Lake Lofts Currently has Three Active Listings to Choose From!

If you have been looking for an opportunity to live in Sunset Junction, now could be your chance. There are three units currently available in the Sunset Silver Lake Loft Complex at 4111 Sunset Blvd.  Though the floor plans are similar, each unit has its own character and finishes. one of the currently available units in the Sunset Silver Lake lofts is a regular saleUnit #111 is a 2 bedroom, 2 bath unit facing Sunset Blvd.  There is a small private patio space and direct access to Sunset, a hop, skip and a jump away from Intelligencia and the ...

What are the Alternatives to a Los Angeles Short Sale?

Ten years ago hardly anyone had heard of a short sale. Now, since the real estate bubble burst, "short sale" is almost a household word here in the Los Angeles area. The current situation is the result of several converging factors. First, when the bubble burst, homeowners who purchased when the market was rising or had reach its peak, lost value. That might not have mattered if two other factors hadn't come into play at the same time:
  • Adjustable rate mortgages reset, making mortgage payments double or triple
  • The economy tanked and people lost jobs
You do have choices If you find yourself unable to keep up with monthly payments on your house because of these factors,...

Eat. Drink. Art. At the Los Angeles Municipal Art Gallery in Barnsdall Art Park!

Most Los Angeles locals are familiar with Barnsdall Art Park in Hollywood. The park is  home to  Frank Lloyd Wright’s Hollyhock house, weekly Farmer’s Markets and a variety of activities throughout the year. I was at Barnsdall Park myself last Saturday enjoying Taste of the Eastside, with great food and libations from a variety of local restaurants and vendors for the benefit ofthe Rose Scharlin School.  If you missed the...
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