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All Forum Posts by: Courtney M.

Courtney M. has started 10 posts and replied 42 times.

Post: Seismic Retrofitting a property in San Francisco or Los Angeles

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

I dunno. You gotta consider how many major earthquakes these suckers have survived. I just went into escrow today on a house thats 110 years old. It's pretty much seen it all. 

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

@Mike H. - they wouldnt let me have anyone there over that weekend and the addendum came with the following email from the listing agent...


"PLEASE DO NOT ALTER THE SELLER ADDENDUM IN ANY WAY, DO NOT ADD, CROSS OUT OR MAKE SIDE NOTES"  - so I couldnt have added the words you suggested. In fact my attorney tried, and the listing agent woudnt submit the changes. 

Anyways, I can't expect everyone to read all the comments here, but the addendum was signed days ago, inspections were done. I don't know how to close this thread?

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

Thanks @Eric Peterson - I think you are right. The good news is that inspections went well. Just waiting on the electricians final word - but I'll keep you guys posted!

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

I don't believe that's the only way to make an offer. There is a listing agent for this property. 

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

@Julia Dugger. The offer was not submitted online. It was submitted through the listing agent. 

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

Hi @Blake F.. You are correct. Just so everyone knows - I signed the addendum and sent it back, so we will see.

The issue I was having was not that they aren't giving me an inspection contingency - THEY ARE. But there is also confusing wording in the exact same addendum - Item 17J, which someone else on this thread was able to point out even though I didn't mention it. So at least SOMEONE else was able to pinpoint the inconsistency. Basically my addendum gives me 10 days for due diligence, but also says (and i'm paraphrasing) "the purchaser waives the right to avoid the sale based on the condition of the home". I take issue with that ONE sentence in their supposedly very standard addendum, as I find it to be in complete contradiction to having an inspection contingency. That was my only issue. 

Would be nice if Fannie Mae paid a decent attorney to write a decent addendum LOL.

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

Post: WHAT THE HECK? Fannie Mae being shady?

Courtney M.Posted
  • Investor
  • Los Angeles, CA
  • Posts 42
  • Votes 10

Thanks @Jason V. - I usually do, this one was a last minute showing kind of deal, but definitely learned my lesson on skipping bringing my contractor.

If you want to hire someone in LA. I really like therentalgirl.com - they take a commission (1 months rent last time I checked) but they do all the background and credit checks etc. I know tons of people who have used them and been really happy with their service. And they are working for YOU not the tenant. If I was going to pay someone to rent my place it would be someone who worked for ME.

I'm going to have to disagree with Jonathan on the basis of California tenant law being an ENTIRELY different animal that Georgia. In LA - you are REALLY getting in bed with your tenants. You better REALLY like those people, because they inherit a lot more rights to your property than you do. It's lunacy. That said - I would be leery of any prospective tenant that hired a scammer to find them a house.