Dec 18, 2014

17 Day Close Is The Norm



The team just closed on this newly “flipped” Highland Park home.  Normally we would say we did it in record time, however short closing times have become the norm for us. Our team is expert when it comes to “flips.”

As with many “flips,” the owner of record of this property changed at least three times, and the value increased over 20% between sales.  Luckily our company, Movement Mortgage, has excellent procedures to handle these type of situations and ensure that escrow closes quickly.  We have several ways to substantiate increases in value and get the deal closed at the new purchase price.

Frankly, we couldn’t have closed this deal without the help of the amazing team at LA Digs.   If you’re looking for a home in the Eagle Rock/Highland Park area, we highly recommend Tracy and Keely at the LA Digs.

If you want to have your deals close early, Call Scott Groves @ 818-679-5188 or apply online at



Dec 18, 2014

Out of Country Buyer – We can Do That.

nimtz alta


You can’t tell by the picture but the team just closed on this three-on-a-lot in Altadena.  This was not an easy open and close escrow.  All multi-unit properties are tricky.  Throw in an investment multi-unit and things become a little more difficult.  Add to this an out-of-country borrower and you have an extremely hard loan.

The team was able to work with the client in advance and we were able to plan what additional paperwork we were going to need and received them lightning fast.  There are restrictions on executing powers of attorney outside U.S. territory or even within U.S. consulates.  We were able to coordinate the timing of the escrow so that the client was able to fly to Los Angeles to sign his loan documents in person on a specific day.

With the amazing help of the team at LA Digs setting expectations helping us set expectations with the client upfront, as well as their diligence throughout, this deal would not have been nearly as smoothly.

If you are looking to buy a multi-unit property and want to work with the best in the Eagle Rock/Altadena areas, we highly recommend Tracy and Keely  at LA Digs.

Are you a U.S. citizen living abroad and are looking at purchasing an investment property, call Scott Groves @ 818-679-5188 or apply online at


Dec 18, 2014

Another Offer Accepted Because No Loan Contingency – That Is What We Do



The team just closed on this awesome horse property in Lakeview Terrace.  Working here in the LA area we don’t often work on escrows that are horse properties, so when this one popped up we were very excited.

Once again, our client’s offer was accepted over all other offers because it was written with no loan contingency—just like a cash offer.  Our one worry was the appraisal, because there are few horse properties that could be used as comps.  As always, our local appraiser was able to find the comps he needed and our value came in higher than the sales price.

We were so lucky to work with the amazing Mark Moskowitz Team.  Both Mark Moskowitz and Helene Reinman were invaluable throughout this escrow.  If you are looking for a team that knows it’s stuff from Lakeview Terrace to Westlake Village, the team highly recommends the Mark Moskowitz Team.

If you have any questions regarding writing an offer like a cash offer or horse properties, call Scott Groves @ 818-679-5188 or apply online at

Dec 17, 2014

Gift Funds From A Concurrent Sale – We Can Do That



The team just closed escrow on this beautiful home in Eagle Rock.  This was another tricky file that the Groves Team was able to close and, more importantly, close on time.

We have worked with clients who are using the proceeds from the sale of a home as their down payment funds.  However, this was a little harder.  Our clients were receiving gift funds from the sale of a family member’s investment property from out of state.  We had to make sure that the investment property, in a slower market, was sold in time for us to close the loan on our end.  In addition, our self-employed clients had recently incorporated and added new partners.  Because the Groves Team knows how to work with self-employed borrowers, we were able to find a way to make it work, and once the investment property sold we were able to close on time.

As usual, we were working with an amazing agent who was able to help us keep all of the moving pieces of this deal in place. Matt Morgus from Sotheby’s International Realty in Los Feliz was on top of everything throughout the entire process.  If you are looking for a realtor in the northeast Los Angeles area, the team highly suggest Matt.

If you have any questions regarding gift funds or funds from the sale of your property, call Scott Groves @ 818-679-5188 or apply online at


Nov 3, 2014

We Love First Time Homebuyers!

Desai El Sereno


The team just closed escrow on this house in El Sereno.  We were fortunate to work with first time homebuyers who were amazing to work with.  We here at the Groves Lending Team do not understand why some lenders are reluctant to work with first time homebuyers.

From our first meeting we were able to help coach the borrowers on the steps they needed to take in order to qualify for the house of their dreams.  Besides coaching, we were able to restructure the loan so that much to the relief of the borrowers.  From question 1 to 1,991 we were able to not only answer their questions but also we were able to explain everything in great depth to them.  At the end of the process, the buyers were very happy with the entire, stress-free process. For every question we had on the loan side, the amazing Rob Hanson answered on the real estate side.

If you want to work with a realtor who not only has the answers, but also can explain the how, what, and why, the team suggests Rob Hanson from Keller Williams Larchmont.  Rob Hanson can be reached at or 310.989.5050

If you are a first time homebuyer or are working with one that has a million questions,  contact Patrick O’Driscoll at 818.681.0873 or

Nov 3, 2014

10% Down With a Non-Owner Occupant

Serna City Terrace

The team just closed on this home in City Terrace with the borrower putting 10% down.  We were able to help a borrower move from San Diego to LA for his new job.  What made matters even more complex is that we were able to include his business partner, who owns multiple homes, as a non-occupant co-borrower.  This allowed our buyer to qualify for the loan.

With an extremely tight deadline, all parties involved in the process were on the same page and worked diligently to close escrow early, even when several repairs were needed.  We were lucky to work again with the buyer’s agent, Rob Hanson from Keller Williams Larchmont, and for the first time with Kathryn Tong at City Lights Realty.  Both realtors made this a team effort from start to finish.

For anyone looking to purchase a home in City Terrace and its surrounding areas, the team recommends Rob Hanson, who can be reached at or 310.989.5050

For anyone looking to purchase a home in Alhambra and its surrounding areas, the team recommends Kathryn Tong who can be reached at

If you have any questions about a non-occupant co-borrower,  contact Patrick O’Driscoll at 818.681.0873 or

Nov 3, 2014

Buying a Duplex with Low Money Down – We Can Do That

Reilly duplex 203ksl highland park


The team just closed on this cool duplex in Highland Park.  We have heard that a lot that realtors don’t accept FHA offers because they are weak offers.  Well, that is simply not true at all.  Not only did we get our FHA offer accepted, but the property was also a duplex.  Many said it could never be done, but when you work with an amazing buyer’s agent and can write an offer with no loan contingency it can be done. We were able to close in 15 days.  That’s what we can do.

When you combine a strong offer with no loan contingency, a fast closing, and an amazing buyer’s agent, nothing can stop you.  With the great team over at The LA HomeGirl, we knew what to expect from one another and worked closely to close this deal early.

If you’re looking for a home in the Highland Park area, we highly recommend Kenya over at The LA HomeGirl Team.  She can be reached at

If you are a realtor that wants to have a leg up on all other offers, then call Patrick O’Driscoll at (818) 681-0873 or email him at

Nov 3, 2014

Small Renovation Loans – We Can Do That

Rose Mt Washington

The team just closed this cool home in Mt. Washington.  We know what you are thinking: “A home in Mt. Washington? The Groves Team does that all the time!”  While that is true, it is not often that a buyer will see the hidden potential in a property and realize that all that needs to be done is some minor renovation work to make it great.

In this case our first time homebuyers had heard all about the FHA 203K loan program but did not know about the streamline program. Basically the FHA 203K streamline program allows a borrower to buy a home and include up to $30,000 for repairs into the loan.  Since it is not the traditional full 203K loan, there is only one appraisal and no need for a FHA consultant.  When it comes to renovation loans, everything is based on the contractor’s bid, so it is of the utmost importance to get that in so the loan can be started. Once we were able to get the bid from the contractor, and saw that there was no structural work needing to be done, we were able to get the appraisal done and work on closing the loan.

All renovation loans are tricky but add a borrower who has income from multiple sources and it is even harder. If it weren’t for the help of Courtney Smith of  Courtney and Kurt Real Estate in Atwater, this deal would have been even trickier.  The team highly recommends Courtney for all of your real estate needs. She can be reached at or at 323.667-0700.

If either you or your clients are interested in renovation loans, you can reach Patrick O’Driscoll at

Nov 3, 2014

Offer Accepted Because No Loan Contingency – That Is What We Do

Eckhardt cuypres park

The team just closed on this turnkey home in Cypress Park. After working with the buyers for over a year, it was great to get them into their new home.

It was even better to find out that we had our offer accepted over a higher offer because our buyer’s offer was written with no loan contingency.  At movement mortgage we are able to fully approve our borrowers upfront before they ever find their dream home.  That way, once they find it they can write an offer just like a cash offer.

The other great thing that we do is when an issue comes up with the property, which happened in this case, we do not stop working on the loan.  A problem was found with the sewer connection and while everyone was waiting on word from the city, we kept working on the file as if nothing was wrong.  Once the issue was resolved, we were able close early, which was a nice bonus to all involved in the transaction.

This escrow would not have been so smooth if it weren’t for our amazing realtor partners.  Renee Kische at Nourmand & Associates was able to keep the buyers calm and collected throughout the process, especially when problems arose.  Also, the help from Rose Garcia at Garcia Real Estate Group was unbelievably valuable to help with finding a solution to everything that popped up.

If you are looking to work with an agent who knows her stuff and is terrific to work with, our team recommends Renee Kische.  Renee can be reached at 323-377-7976 or at

If you are looking to buy or sell in Cypress Park or the surrounding areas, the team highly recommends Rose Garcia.  Rose can be contacted at 877-633-6927 or at

Need a fully underwritten pre-approval completed so that you can make an offer just like a cash offer? Call Patrick O’Driscoll at (818) 681-0873 or email him at

Sep 12, 2014

No Loan Contingency Seals the Deal Again!


The team just closed escrow on this wonderful home.   Great rate, docs out 7 days early, happy client… all the same old good stuff when it comes to the Groves Lending Team and Movement Mortgage; however, what really was special about this deal is how we got the offer accepted.

Thanks to our up front underwriting process, full loan approval and unique offer strategy, the buyer’s agent was able to present this offer with NO loan contingency.  Knowing that the buyer was 100% approved, the listing agent was able to ensure her client that this was a deal that wasn’t going to fall apart.

As usual, three great agents were involved in this transaction.  The seller got a great price, the buyer got into an amazing house with no headache and the team closed early.  A true win-win for all parties.

Looking for a wonderful agent to help you buy in the Atwater area?  Mark Mintz with KW Los Feliz is wonderful and can be reached    Thinking of listing your home in Atwater Village?  Few if any Realtors have the local expertise of Kurt & Courtney.  Kurt & Courtney can be reached via email at

Want to close your deals early?  Call Scott Groves @ 818-679-5188



Scott Groves     |     Your Trusted Lender

Groves Lending Team

A Los Angeles based lending team specializing in conventional and FHA purchase mortgages. The Groves Lending team can manage the entire loan process providing clients with efficiency and accuracy.

(7:00am-7:00pm / After hours)