Laurie Manny

Hi Buttercup,

Everybody has already given you great advice. I have attached a link to a relocation/city guide. In this guide you will find links to articles about many of the neighborhoods in LB that may interest you, as well as to just about everything else in or related to LB. I hope you find this helpful.

Laurie Manny
Prudential
562-212-5420 - Sat Jun 28 2008, 10:15

Lisa, It sounds like your agent is trying to protect you from a difficult situation. Like the others here have said there is no set rule with the banks about accepting contingent offers, however, the banks are mostly accepting offers that will close the fastest and net them the most return. If you are going to search REO properties you will likely have a very difficult time actually getting a contingent offer accepted. Your best scenario would be a REO that has been on the market for a while and has no offers. Unfortunately these are not usually the most desirable purchases. Wish you the best of luck in your home sale and search. - Sun Jun 8 2008, 11:24

Courts Review Agent Bonding Requirement in "Distressed Property" Sales
by Bob Hunt
http://realtytimes.com/rtpages/20080211_distressedprop.htm - Sat Apr 5 2008, 09:54

Hi Lucas,

I love Long Beach with a passion. It just keeps getting better every year and is really quite safe. We have many diverse areas that offer different styles of living, from Downtown High Rises & Lofts and Beach Cottages, to Mansions on the Bluffs and Homes on Itaianesque Canals, Condos, Coops, and Live/Work Spaces. There is something here for everyone.

Originally from New York, I moved to Long Beach from the Los Angeles Westside about 15 years ago, my auto insurance dropped to half. When I inquired why they told me that auto theft was less in the beach cities, so the rate wasn't as high. I feel safer here than anywhere else I have lived.

The City of Long Beach has been undergoing tremendous development. There are currently plans to continue redeveloping far into the future, so I feel safe in saying, Long Beach is just getting better and better.

I have written extensively on the many neighborhoods of our city. find a link to our relocation resource guide below. In addition to the links to my many area information articles, you will find links to almost everything in Long Beach. I hope you find this helpful. My team is here to assist you in any of your real estate needs. - Sun Mar 30 2008, 05:31

OYO's are similar in ownership to condos in that they are both fee simple ownership with individual tax bills and deeds. OYO's are a pre-condominium form of ownership, mostly built in the 50's. They generally sell for less than condos and are occasionally candidates for condo conversion, if they qualify, at which time they increase in value dramatically. Often OYO's will not have sufficient parking to qualify for condo conversion.

At this time there is no financing available for the purchase of OYO's. Few are being sold, those that do sell are all cash purchases, or seller financing. Traditionally FNMA and FHA have not supported loans on OYO's OYO's are difficult to sell which is a major drawback to purchase.

So, the answer to your question is that they are very similar forms of ownership. - Mon Mar 24 2008, 03:26