I don't know if you willl get the answer you are looking for since we are not aloud to degrade or talk bad about an other real estate company or an other agent. I would say use google and search for your answer.... more
You will find very few real rent to own homes because they don't work no one wants to mess with them. Renters think they are the answer but mostly because they don't understand how they work or they would avoid the thought of them. They are a great way for a renter to lose even more money since the renter MUST get a loan to buy. Most thinking about rent to own can't get a loan so they can't make these work and they will lose the deposit.
Avoid the thought of them and just rent until you can buy.... more
Oh heck NO... You just need to have a game plan. Take me for instance:
About 15 years ago, I had a bankruptcy. I could not buy a house on credit, but I had a plan to fix my credit and I found someone trying to rent a house where his payments were more than he could get in rent. So, I rented with an option to buy. I did that for about 5 years, then the BK went away and I qualified for the house for under $300k. The house went up in value and appraised for over $600K, so the bank loved it. I used Chase bank, who had the loan in the first place. Because of me, they never missed a payment.
Everything I do is legal,ethical and moral. And, sometimes we need to think outside of the box to get from point A to point B. But, that's just me....... more
When I'm leasing my condo (currently trying to do now), I won't consider anybody's credit score less than 680. There are those few exceptions, but only if they just don't have much/any credit because they're too young, or they do mostly cash, as long as there is no derogatory credit history! Here's the breakdown of credit scores: Above 720=AA credit; 700-719=A; 680-699=A-/B+; 640-659=B; 620-639=B-/C+/C; 600-619=C/D; 580-599=D/F; Below 579=F. Hope this is helpful to you! Good luck renting!... more
Hello Cristina, You may consider getting a few good faith estimates and compare. Do you know what your fico scores are? You may even qualify for a Short Refinance which is a principal reduction refinance, HARP or a Streamline refinance with record low interest rates. It only takes a few dozen questions to qualify. You only want to use one credit report for each Lender to use to compare. Streamline refinance is fast and easy with no appraisal...
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
There are potential "clouds" on the title - somebody may have divorced and stayed behind without getting a quit-claim deed; somebody might have sold on a real estate contract and never conveyed title . . .
This clause seems as if an attorney wrote it, and if one side has an attorney involved, than the other side should, too.
All the best,... more
There are currently no lenders loaning on OYO properties. That is why it became imperative that the OYO associations do the condo conversion. Many of the properties that I have handled for buyers over the years have done that. For those who still hesitate because they don't want to put out the $2-$3K that is needed to have the paperwork done, now are at a loss to get financing or even to sell their places unless their buyer has cash. So I am sorry to say until your complex converts there are not only no home equity loans but any kind of financing at all. If you have any other questions, please feel free to contact me at 714-296-7270.
Barbara Robbins-Olexa, Broker
L b Brokerage
The easy and quick answer would be to hire an attorney who specializes in fraud and contracts, contact the attorney generals office in your state, contact the agents broker, contact your municipal consumer affairs office, contact a reporter (they love juicy stories about fraud) contact the national association of realtors.
That said, your question leaves some doubt to its' legitimacy. Don't get me wrong on this next point. I have dealt with a lot of fraud in real estate and have seen some pretty good scams. Just about anything is possible. However, the idea that your X, could lose her home and all her money because of a realtors mistake sounds a bit fishy. Possible but I'm skeptical. If it is so, sounds like a good fraud case for someone to go to jail over.
Good luck... more
How could the Realtor sell your home for 385K when you did not agree and sign the purchase contract? The Realtor cannot sign the contract for you. You need to agree to the purchase price. If you agreed to list the property for 480K, then an offer comes in at 385K, it's up to YOU to accept, reject or counter, not the Realtor.... more
No, that does not seem right. I did recently see a listing agreement that allowed the listing agent the right to choose the price. This agreement was for distressed properties. If the owner signs it they must be prepared to live with it.... more
Sorry to say but in this market with REOs and short sales there are no rent to own properties. You can not legally take over anyone's payments without the permission of the lender so you would have to qualify based on lender requirements. Most of the standard sale sellers seem to want to cash in on the market of lower prices and don't mind taking less for theirs as it is a win win situation when they go to buy.
Wish I had better news...
Barbara Robbins-Olexa, Broker
L B Brokerage
I think we have basically been at the bottom of the market, although I think the bottom will last thru this year at least. Investing in a property partly should be based on is it something perfect for you to live in and will this condo maybe be a good long term investment, and is it something that could be a rental later on? It's hard to predict what will happen 5 to 7 years from now. If it were not for the fact that the current administration in the white house is causing great financial uncertainty which will always affect the housing market. I think 5 to 7 years is an ideal time frame, it will be interesting to see if the market makes a come back soon. Congratulations on becoming a homeowner.... more
Go to http://www.socalmls.com/ and search ALL listings using zipcodes 90802, there are 103 right now.
Go to http://zillow.com, select the local info tab, enter long beach because, for some reason, 90802 doesn't return properly. This is just informative and not worth much.
If that doesn't get you there RSVP.... more