What if They Accept the Offer?

Congratulations, your offer has been accepted! Over the next 30 to 60 days, your purchase will be pending and you will begin the escrow process. Typically, an offer will have several contingencies. Contingencies are terms and conditions written into a contract by the buyer or the seller, which must be …

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What is Escrow Anyway

Once an offer has been accepted by a seller and both parties have signed all of the pertinent dotted lines on the offer this document becomes the sales contract (or agreement). Next, the contract and all necessary paperwork and/or funds are collected and delivered to a neutral third party called …

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10 Questions to Ask Your Lender

1. What are the most popular mortgages you offer Why are they so popular 2. Which type of mortgage plan do you think would be best for me Why 3. Are your rates, terms, fees, and closing costs negotiable 4. Will I have to buy private mortgage insurance If so, …

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Low Income Purchase Assistance (LIPA) Program

The City of Los Angeles Housing Department’s (LAHD), Low Income Purchase Assistance (LIPA) Program offers purchase assistance financing to eligible first-time, low income homebuyers seeking to purchase eligible homes in the City of Los Angeles.  LAHD provides assistance in the form of a deferred loan for purchase assistance (down payment …

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