Home sellers may require a 2 step loan pre-approval

Even though you are already approved for a loan, the listing agent for the home you are interested in may require you to go through the loan pre-approval process again, this time with their lender.

Listing agents often do this because they don't know your lender and want to make sure you truly can qualify for a loan.

The seller doesn't want to find out 3 weeks into escrow that you can't get a loan.

I personally do this 2 step approval process for all of my listings.

You would be surprised to see how many buyers don't pass the second approval process.

Can I use an alias when purchasing a property?

Name your trust whatever you want... Banana Trust... #LakeShow Trust... whatever you can think of.

Then when it comes time to buy a property, purchase the home under the trust name.

By doing that, the owner on record will show up as the name of your trust, and not your legal name.

This works if you want to buy under your LLC name as well.

Most expensive home to sell this week in LA

Original List Price: $22,500,000
Sold Price: $13,000,000

Breaking News! As of today, you can now rent this home for $42,000 a month.

The Beverly Hillbillies mansion sells for $150 MM

The Bel Air mansion that played the Clampett’s Beverly Hills home in the 1960s television show, The Beverly Hillbillies, just sold for a reported $150 million—a record-setting price not only for Los Angeles but California.

The buyer is Lachlan Murdoch, American Media Mogul, Rupert Murdoch’s son.

The main house measures roughly 25,000 square feet.

The lot size is approximately 10 acres.

There is a 75-foot pool and a 12,000 bottle wine cellar!

What an awesome property!