Business and Legal Documents

A few useful links in this difficult time... Apartment for Rent Apartment guide - http://www.apartmentguide.com Rent.com - http://www.rent.com For Los Angeles residents - http://www.westsiderentals.com Homes For Sale Realtor - http://www.realtor.com Zip Realty - http://www.ziprealty.com Zillow - http://www.zillow.com For Sale By Owner - https://www.forsalebyowner.com For Southern Californians - http://www.movoto.com Others Bankrate - http://www.bankrate.com/ Sperling's Best Places - http://www.bestplaces.net -It provides information about living costs, apartments, school crime rates. City Data.com - http://www.city-data.com - It provides statistics about residents (race, income, ancestries, education, employment...) as well as real estate prices, sales trends, recent home sales, and home value estimator. Cost of Living Calculator - http://cgi.money.cnn.com/tools/costofliving/costofliving.html - Comparison of living cost or salary

In most cases, the first home buying transaction is the biggest spending in people's life. Even a small misjudgment could cost you a fortune. Here are some great tips for those who consider buying their first home. Get the numbers right. Calculate and determine what you can afford. It's said that your monthly housing cost should not exceed 28% of your monthly gross income. Monthly housing cost includes monthly mortgage, property taxes and insurance. Also, the better the ratio of monthly housing cost to monthly gross income is, the better deal you can find in mortgage loan. Shop around for the best loan and get prequalification if possible. It's not surprising that it has become more difficult for home buyers to get a mortgage loan. Arrange your financing before shopping. This helps you shop for homes that you can afford. You'll be also a more attractive buyer and negotiation to lower the price will be easier. Know your credit standing. The earlier you check your credit, the better you can improve it. Many people find that their credit needs corrections either from their own faults or from someone else's. When a person's credit ...

Washington Report: $15 Billion Housing Market Relief Plan by Kenneth R. Harney Capitol Hill was buzzing late last week about what was included -- and what got left out -- of a sweeping $15 billion housing market relief plan. Though the final details won't be nailed down until both the House and the White House weigh in with their own changes, the odds now look good that some sort of bipartisan legislative package will move forward. Among the key components in the Senate's initial plan: Upgrading the FHA mortgage program with permanent new loan limits. The statutory maximum would be increased to $550,000 in high cost markets. That limit would kick in after Dec. 31, when the temporary "super jumbo" limits up to $730,000 authorized by the economic stimulus legislation expire. A $4 billion fix-up fund to be shared by communities experiencing high rates of foreclosure and vacant, deteriorating houses. The money could be used by local governments to acquire, rehab, and resell the properties to private or nonprofit owners. One hundred million dollars in additional funding to support housing counseling services that work with delinquent homeowners to avoid foreclosure. Tougher financial penalties - up to $4,000 per violation - for lenders who do not provide timely truth-in-lending ...