City of LA Moderate Income Purchase Assistance

Once canceled in 2008, the LA Moderate Income Purchase Assistance Program began operation again in July 2017. Previously being underfunded, the MIPA is back with funding being restored. Before going into the details of the program and who’s eligible, note that that in a seller's market such as this, [...]

2018 PACE Guide: Property Assessed Clean Energy Loans Updated

First established in 2008, PACE, or Property Assessed Clean Energy, programs are typically established by local governments, which tie the privately financed loans to a home and allow them to be repaid as line items on property tax bills. Beyond energy efficiency, the loans can be used for other [...]

2018 California Laws You Need To Know About

California State with its diverse environment and 40 million people yearly passes hundreds of new laws. While not all apply to everyone, here are several worth-knowing, as they might affect you, the place where you live and/or work. Ammunition Sales Starting Jan. 1, all ammunition purchases in California must [...]

2018 Tax Reform

There have been some changes to the tax reform this year that will begin in the 2018 tax year. Seems like the final bill with these changes affect Realtors,  real estate investors, and homeowners, which is why they are important to know: 1.  The capital gains exclusion on a [...]

Regulations Of Wood Burning Days in L.A.

Every year around this time the pollution of the air increases in most of the areas of L.A. including Encino, San Fernando Valley, Sherman Oaks and the surrounding neighborhoods. In order to improve the general understanding of how to reduce the pollution of the air that occurs every winter [...]

What’s The Right Credit Score To Buy a House?

Not everyone can afford to buy a house paying cash upfront which is why people need to know their credit score. The reason why that’s important is that credit score makes you qualify (or not) for a loan and it shapes the interest rate you’ll end up paying. The [...]

Understanding Mello-Roos

Definition of Mello-Roos In the U.S., a form of financing that can be used by cities, counties and special districts (such as school districts) to finance major improvements and services within the particular district. Special taxes and bonds used for Mello-Roos financing can only be issued by counties or [...]

FHA Appraisal Guidelines: The FHA Inspection Process

Understanding FHAs An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment. As of 2017, these loans allow the borrower to borrow up [...]

PACE Guide: Property Assessed Clean Energy Loans

Making your building more energy efficient increases its value, it is excellent for the environment and sets a good example for the others to follow. And while all this sounds remarkable, this kind of idea can be hard to implement since technologies that produce energy and are energy efficient [...]

The Mills Tax Act: Historical Property Contract Program

If you own a historic building in Los Angeles, your property is an existing City of Los Angeles Historic-Cultural Monument or a contributing structure in a designated Historic Preservation Overlay Zone then you have the chance to apply for the Mills Act Historical Property Contract Program which will allow [...]

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