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What is a Qualified Mortgage & why should you care what will be done?
What is a Qualified Mortgage and Why should you care what will be done with it? The purpose of a Qualified Mortgage was to reduce the risk of a future housing market crash. This was to be accomplished by having standardization in the lender’s qualification of potential home buyers. This was to tighten the reins on lenders and insure that there would be good loan qualification standards. This was going to be done by larger down payments and other standards to ensure a higher probability that the mortgages will not default The goal is altruistically very good: to prevent another housing market crash similar to what happened in 2008. The legislators proposed that lenders take on 5 per cent of the risk of mortgage defaults. The objective was for lenders to have “skin in the game”. In other words legislators wanted lenders to have a financial stake in the game. The Federal Deposit Insurance Corporation (FDIC) wanted buyers to have a 20 per cent down payment of the home sales price. On the surface this sounds like a brilliant idea. After all that is how my father bought his house in 1973. The purchase price he paid was $41,500.00 and his income was $38,000.00. Today the median purchase price in my market place is around $650,000.00 and the average income is around $65,000.00. My father needed around $9000.00 to buy a home. The average buyer now needs to have around $135,000.00 to buy the home. Let’s be realistic how many of you have over a $100,000 in your savings account? I am all for responsible ownership, but basically this would eliminate middle to lower middle class home ownership in my market. So what is your thought on this subject? Do you realize what effect this will have on our fragile economy? I would love to hear what you think? Also what solution you could offer to meet the Objective what legislators had in mind? If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read morePets90210 The Pet Care Foundation: Newsletter
Pets90210 The Pet Care Foundation: Newsletter As most of you know I am a supporter of Pets 90210. They promote pet adoptions for the City shelters through their TV show which airs on the LA City Channel, Beverly Hills City Chanel and the West Hollywood Public Access Channel Here is their newsletter. For more information please visit: www.pets90210.org If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreBird Watching: Literally Speechless Sunday in Marina Del Rey
Bird Watching: Literally Speechless Sunday in Marina Del Rey As most of you know we have three cats, they can never agree on anything. Looks like they are all in agreement “Bird Watching is like watching the MBA Playoffs” Jill, Jack and Douggy (from left to right) If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreMarina Del Rey, CA: How many of these historical facts did you know?
Marina Del Rey, CA: How many of these historical facts did you know? As some of you who have been reading my blog over the years know, not only do I love Marina Del Rey, CA, but that I also live in Marina Del Rey. Once in a while I have written tidbits of history of the Marina, hence it has been a while so I think we are due for a few historical tidbits. So let me see how many of knew the answers to these questions? 1. Did you know that Marina Del Rey is the largest man made Marina in the United States? 2. Did you know that there are over 5300 small boat slips in Marina Del Rey? 3. Did you know that Marina Del Rey has a population of around 8000+ people? 4. Did you know that the Shoshone & Tongva Indians were the region’s first residents? 5. Did you know that President Eisenhower signed Public Law 780 making Marina del Rey harbor a federal project? 6. Did you know that when President John F Kennedy signed H.R. 157 into law that Marina Del Rey was officially born? 7. Did you know that Marina Del Rey translated from Spanish means “Harbor of the King”? If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreBeach Cities Car Wash in Venice, CA not your ordinary Car Wash! 90291
Beach Cities Car Wash in Venice, CA not your ordinary Car Wash! 2305 Lincoln Blvd, Venice, CA 90291 Not your ordinary Car Wash! I have owned many cars and washed them all over the country and the world. The Beach Cities Car Wash is my most favorite place to wash my car. It is not just an ordinary Car Wash. It is a destination place! This view is of Lincoln Blvd in Venice CA on a relatively quite morning. Hardly any traffic. Check out the pictures and tell me if I am wrong. How many places do you know that have Pirates hanging around the Car Wash? There are more pictures but I figured you get the idea:)) If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at310.486.1002or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreChange is good when you control it: I have a huge announcement, I have moved!
Change is good when you control it: I have a huge announcement, I have moved! Change is good: I have a huge announcement, I have moved! I am excited to announce that I have moved. After 15+ years my new affiliation is with Prudential California Realty in Beverly Hills, CA. I have remained in Beverly Hills, CA the premier destination place from all over the world. My decision to make this important move to Prudential California Realty to Beverly Hills, CA was based on the culture and dynamics of the company and in particularly the office. My dedication to my current Real Estate Clients and the profession has not changed, rather it was the impetus for the change. I will continue to provide the same exceptional service that I have been known for to existing and future clients. If you have any questions feel free to call me about my move or about the current state of the Real Estate Market, or if you consider buying or selling or want to know more about investment opportunities. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
read moreWhat would you have done? A great story and it has a happy ending!
What would you have done? A great story and it has a happy ending! Well as we all know in the real estate business there is always drama. When you are in a Real Estate Sale and Escrow transaction, the odds are high that there will be something you were not prepared for. This was no different; with the exception it had a different twist. I received an offer on my 12220 Kristopher Pl listing and after we negotiated the salient points, it was inspection time. The buyers did every inspection imaginable, Physical, Fireplace, Sewer, Electric, Air conditioning etc. you get the picture. It was a great house so I was not too concerned…. The Sellers kept the house in good shape. I was strolling along with the Termite Inspector and we entered the Wine Cellar…long and behold at the bottom of the wine shelves we discover two bottles of wine. I immediately sent a picture to the seller who is living now in Wine Country and asked him what he would like me to do with the two bottles? ‘…Do you want me to Fed/Ex it…’ He responds back in about 30 minutes and told me , “…FYI the wine is a Wine Spectator 92 Pointer and depending where you get it if you can get it is worth $300 -$500 per bottle, please try it out see if it is still good and if it is then drink the second one on a special occasion…” How many of you can say you had such a response from a seller. What a happy ending. BTW we had some friends visiting from Boston, MA so we took them to a great Restaurant. One of my favorite local places Café Del Rey (www.cafedelrey.com) we shared a fantastic bottle of wine for a $20 corkage fee. I told the seller what a great wine it was and how appreciative we all were to be allowed to share it. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or email me at homes@endrebarath.comor visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
read more322 Sierra St, El Segundo,CA 90245 Just listed Four Units:1 Single Family and 3 @1+ 1+ Units
322 Sierra St, El Segundo,CA 90245 Just listed Four Units:1 Single Family and 3 @ 1+ 1+ Units Walking distance to El Segundo Recreation Park and two minute drive to the Pacific Ocean. This is a fantastic Income Property with huge upside. Two buildig one Single Family Residence in the front and three units in the rear. Perfect for an investor or owner user with good income potential. Good tenants one newr the rest long term. All tenants month to month. Rents are below market. Call or email me for any additional questions. Subject to inspection upon accepted offer. Seller migh even consider carrying a loan. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me athomes@endrebarath.comor visit one of my websites athttps://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read more9450 Sierra Mar Dr, Los Angeles, CA 90069 SOLD!
9450 Sierra Mar Dr, Los Angeles, CA 90069 SOLD! This Bank Foreclosure home (REO) was truly a great value. The home has stunning city, mountain and ocean views! A diamond in the rough. This home was crying out to a savvy investor to bring it back to life. Truly a moderate fixer with great bones. This high end home has 3724 square feet of living space and a four car tandem parking garage. Truly a great value. This high end home is in a mulit million dollar neighborhood overlooking Trousdale Estates. This was an all cash fifteen day escrow. Sold for $1,875,000! If you are looking to buy Forclosure homes and properties with huge upside in any price point, please reach out to me. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites athttps://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreJust Listed 12220 Kristopher Pl, Northridge, CA 91326, $589,000.00!
Just Listed 12220 Kristopher Pl, Northridge, CA 91326, $589,000.00! State of the art, two-level move-in condition home located on a cul-de-sac street. Spacious, light and bright with gleaming hardwood floors, walk-in closet in master bedroom and recently-laid carpet. Four bedroom with two and a half baths, with large Livingroom and oversized family room. Two fireplaces. Almost 2800 square feet of livingspace. The back yard boasts of a large pool and spa. The quintesential Southern California living, pool, spa and barbeque. Fantastic wine room inside the 3 car garage(one space is occupied by the wine room) well worth it. We will have the first public open house this Sunday from 2pm- 5pm you are cordially invited. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations....
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