We have also went above and beyond with city and zoning officials to try to rectify the zoning of the property to keep it zoned as a duplex residence, which the city changed after the purchase and without notice, and at no additional cost to the owners.When Beth and Chris were still unhappy we offered to help sell the property without any fees, and when we found a buyer, the buyer wanted other changes done and work was halted until closing took place, of which all parties were aware of.

That being said, I'm sure most houses here look affordable to someone living in Pasadena :) On the flip side, there has been an influx of new housing developments announced/under construction and some are starting to think the apartment market will start to get saturated once everything is completed.

When the appraisal came back low their first response was to officially challenge the appraisal showing them comps of their own and the scope of work that they did with the rehab. 

Hello Everyone,Trying to get this officially off the ground.

@Jon S.I didn't define a bubble per say though the definition is more or less in line with what I was saying (at least officially) in that it means when prices strongly deviate from intrinsic values.

I recently had an appraisal done for refinancing. It came in lower than expected at 123000. The assessment is 146600 so I appealed the assessment. The assessment office says the appraisal is wrong due to only account...

I currently have 7 Fannie Mae loans.https://www.fanniemae.com/content/announcement/sel1603.pdf

They kind of put the cart before the horse with this announcement. 

It was just announced that kristy Brink of Western State bank is speaking and she might be able to help you more.

FHA has announced that the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition, expires on December 31, 2014.