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Pet Friendly Spots in the South Bay


 

SouthBayPetTalk.com is a great resource for South Bay pet owners to find out about dog friendly parks, restaurants, hikes and attractions. The web site also features an “Ask a vet” message board, local event listings, pet adoptions and services. Go check them out!

Here are some favorite South Bay pet friendly spots they share:

El Segundo Dog Park
Between Imperial Avenue and Imperial Highway at Sheldon Street.

Redondo Beach Dog Park.
On the corner of Flagler Ln & 190th St

http://www.rbdogpark.com

Front Street Dog Park, San Pedro
On Front Street is just north of Swinford Street
For information call the Port of Los Angeles, 310-732-3503.

Outdoor Restaurants / Patio Seating

Martha’s 22nd Street Grill -25 22nd St, Hermosa Beach
Good Stuff -1286 The Strand, Hermosa Beach
Hennessey’s -8 Pier Avenue, Hermosa Beach
Le Petite Cafe -190 Hermosa Avenue, Hermosa Beach
Hennessey’s -313 Manhattan Beach Blvd., Manhattan Beach
Johnny Rockets -1550 Rosecrans Ave., Manhattan Beach
Local Yolk -3414 Highland Ave., Manhattan Beach
Uncle Bill’s Pancake House -1305 Highland Ave., Manhattan Beach
Baja Fresh Mexican Grill -13424 Maxella Avenue, Marina Del Rey
The Cow’s End -34 Washington Blvd., Marina Del Rey
Mercedes’ Cuban Grill -14 Washington Blvd., Marina Del Rey
Rive Gauche -320 Tejon Place, Palos Verdes
Kool Dog Diner -1666 South Pacific Coast Highway, Redondo Beach
Petit Casino -1767 South Elena Avenue., Redondo Beach
Whole Foods Market -405 N. Pacific Coast Hwy., Redondo Beach
Zazou -4810 South Catalina Ave., Redondo Beach
Lighthouse Deli/Cafe -508 W. 39th Street., San Pedro
Lazy Dog Cafe -3525 W. Carson St., Torrance (Below the Del Amo AMC Theaters)
Whole Foods Market -2655 Pacific Coast Highway, Torrance
Abbot’s Habit -1401 Abbot Kinney Boulevard, Venice
Baja Fresh Mexican Grill -245 Main Street, Venice
Brick House Cafe -826 Hampton Dr, Venice
Figtree’s Cafe -429 Ocean Front Walk, Venice
French Market Cafe -2321 Abbot Kinney, Venice
Past Factory -425 Washington Blvd., Venice
The Terrace -7 Washington Blvd., Venice


Two major lending changes mean it's suddenly easier to get a mortgage
​


  • Two major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. The changes will also add more risk to the mortgage market.

    First, the nation's three major credit rating agencies, Equifax, TransUnion and Experian, will drop tax liens and civil judgments from some consumers' profiles if the information isn't complete. Specifically, the data must include the person's name, address, and either date of birth or Social Security number. A sizeable number of liens and judgments do not include this information and have subsequently caused some misrepresentations and mistakes.
    Of about 220 million Americans with a credit profile, approximately 7 percent have liens or civil judgments against them. With these hits to their credit removed, their scores could go up by as much as 20 points, according to a study by credit rating firm Fair Isaac Corp. (FICO).

    "It's a significant impact for still a very large number of people," said Thomas Brown, senior vice president of financial services at LexisNexis, who is concerned that the move will add significant risk to the mortgage system.
    "If you look at someone that has a tax lien or a civil judgment, they can be anywhere from two to more than five times more risky just because of the presence of that information," he said. "That's very, very significant."
    Credit reports, however, can have mistakes on them that end up sidelining consumers from qualifying for loans. Twenty percent of consumers have at least one mistake on one of their three credit reports, according to a Federal Trade Commission study. The concern is that those who do have legitimate liens and judgments against them will get credit that is undeserved.

    "It doesn't really do a consumer well to be extended credit that they can't afford, they can't reasonably service," said Brown.

    In addition to the FICO changes, mortgage giants Fannie Mae and Freddie Mac are allowing borrowers to have higher levels of debt and still qualify for a home loan. The two are raising their debt-to-income ratio limit to 50 percent of pretax income from 45 percent. That is designed to help those with high levels of student debt. That means consumers could be saddled with even more debt, heightening the risk of default, but the argument for it appears to be that risk in the market now is unnecessarily low.

    "In this case, we're changing the underwriting criteria, and we think the additional increment of risk for making that change is very small," said Doug Duncan, Fannie Mae's chief economist. "Given how pristine credit has been post-crisis, we don't feel that is an unreasonable risk to take."

    During the last housing boom, anyone with a pulse could get a mortgage, but after the financial crisis, underwriting rules tightened significantly. As a result, current default rates on loans made in the last eight years are lower than historical norms. At the same time, younger borrowers with high levels of student loan debt are being left out of the housing recovery, unable to qualify for a home loan. Duncan said a consumer's debt level is just one of many factors considered by lenders when underwriting a mortgage.

    "We look at all the other criteria that are information rich, in terms of assessing that individual's risk profile, and they have to look good in all those other areas," he added.

    The level of risk to the mortgage marketplace, banks and nonbank lenders alike, will rise. Fannie Mae and Freddie Mac are still under government conservatorship, which means losses would be incurred by taxpayers.

"Is Fannie taking on more risk than they should by going up to a 50 percent DTI limit? Those are legitimate questions that the [Consumer Financial Protection Bureau] or Congress should be answering," said Guy Cecala, CEO of real estate trade publication Inside Mortgage Finance.
And all these changes come at a time when lenders are competing for a shrinking market of borrowers. Higher interest rates have meant far fewer mortgage refinances, and high home prices have resulted in fewer homebuyers. In response, lenders expect to ease other credit standards further. In fact, those expectations reached a record in the second quarter of this year on a Fannie Mae lender survey. The study noted that easing credit standards might be due in part to increased pressure to compete for declining mortgage volume.

"For the third consecutive quarter, the share of lenders expecting a decrease in profit margin over the next three months exceeded the share with a positive profit margin outlook. For the former, the percentage citing competition from other lenders as a reason for their negative outlook reached a survey high," Duncan wrote in the report.

Fannie Mae also noted in its announcement of the DTI changes that its appetite for risk remains the same. That may mean a shift in other parts of a borrower's risk profile.

"There is the belief that there is this windfall for consumers, that consumers will just be able to get more credit," said Brown of LexisNexis. "Well, the reality is the risk in the marketplace has not changed. The information that's used to assess risk is what's changing, and so for banks and others extending credit, if they want to maintain the same loss rates, they have to tighten credit somewhere else. It's just pure math."

Original Article
http://www.cnbc.com/2017/07/05/two-major-lending-changes-mean-its-suddenly-easier-to-get-a-mortgage.html

Things To Do Before You Sell Your Home

4/6/2016

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#1. Get your home inspected.
You are required to disclose any problems with your property to prospective
buyers. Failure to do so will lead to further complications, even if you weren’t
aware of the flaws ahead of time. Hire a professional inspector to identify and
document any problems with your property. Also, make sure your home has
a clean bill of health from termites.
#2. Make repairs ahead of time.
A long list of necessary repairs is a major put-off for most buyers, who may decide to move on rather than deal with
the headache of fixing up the home. Do as many repairs yourself as possible, then hire a handyman to complete
the rest. If you decide not to make major repairs beforehand, then hire a reputable professional to provide cost
estimates that you can show to any interested buyers to put their minds at ease.
#3. Showcase your home.
Curb appeal and first impressions are valuable assets when selling your home. Clear unnecessary items from your
yard and maintain the landscape to welcome visitors. Keep the interior of your home clutter-free to maximize your
home’s livable space.
#4. Price it right.
The original asking price of your home has a huge impact on the ultimate sales price. If you price it too high, buyers
will look for better values and your home will remain on the market longer. The longer your home is on the market,
the less desirable it becomes to buyers—even if you eventually lower your asking price—because most buyers will
avoid a home that others are avoiding. Conversely, pricing your home too low may result in a quicker transaction but
will yield you less money in the end.
#5. Hire a Realtor®.
It may be tempting to list your home on your own to avoid paying a sales
commission, but selling your own home is a full-time job in itself. A real estate
professional represents the best opportunity to earn the maximum amount from
your home’s sale. An experienced agent will recommend the best listing price,
market your home effectively and show your home to buyers while recognizing
what they are looking for in a new home.
Putting your home on the market isn’t
as simple as placing a FOR SALE sign
in your yard.
things to do
before you sell your home
There are several steps to take prior to listing your home
that will make the transaction smoother and quicker.
• Install a new mailbox
• Upgrade outdoor lighting
• Replace old doormats
• Plant annual flowers
• Buy new pillows for sofas
• Display gentle potpourri or scented candles
• Replace torn window screens
• Polish or replace your old address plaque
• Fix or replace leaky or outdated faucets
• Buy organizational systems to reduce clutter
• Re-caulk sinks and bathtubs
• Place centerpieces on your large counters
and tables
Other low-cost ways to update your home:
Make Your Home
Attractive
to Buyers.
Once you have taken care of the
prep work to get your home on the
market, you’ll need to present your
home to potential buyers. Even
small cosmetic improvements will
have a major impact on the sale of
your home. The right touches can
get a buyer excited about your
home, but a few poor decisions
may lose their interest completely.
Clean. Clean. Clean.
A tidy home is a loved home. Wipe fingerprints and other smudges from
glass, mirrors and other shiny surfaces. Wax and polish your hardwood
and tile floors and vacuum your carpets often. Keep your oven, stove
and kitchen counters clean and clear of clutter.
Clear up the yard.
Make sure your landscape is well maintained to increase curb appeal.
A more conservative yard is often a better showcase for your home, so
be generous with your trimming and pruning. Pare down bushes and
trees that block windows. Pull weeds out of your flowerbeds, lawn and
sidewalk cracks. Repair minor asphalt and walkway cracks if necessary.
If your home has gutters on the roof, clean them out frequently.
Let there be light.
Natural light is the best light to cast your home in. Replace faded and
heavy curtains with sheer ones or install Venetian blinds. Opening the
shades when showing your house will also make your home seem larger.
Temporarily replace energy-efficient fluorescent lights with high-wattage
incandescent bulbs to give your home a warmer glow. Make sure darker
rooms are well lit.
Add a few little touches.
Replace worn or outdated doorknobs, cabinet handles and light
switches. Buy fresh new towels for the bathrooms, but don’t use them
(keep the towels you use out of sight in a cabinet). Place flowers in
windows that are walked by commonly. Display a seasonal decoration,
such as a wreath or wood ornament.
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