Home Buying in Colton : Advice

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Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Hi any pictures of the interior,thanks.
I am afraid you left off the link your referring to? I set you up to receive ALL purchase listings up to 200k to study and compare in Colton.

Sheryl Arndt, Real Estate Broker - Sr. ... more
0 votes Share Flag Thu Dec 26, 2013 Home Buying in Colton
Marian, Home Buyer in New York, NY
Marian answered:
I was approved for non hamp loan modification, what is this mean? I s this a good offer? What will I do? I have not receive the terms and condition
I got a permanent loan modification under fannie may non HAM what if I want a loan modification to the second lien on the property?
0 votes Share Flag Thu Apr 11, 2013 Home Buying in Colton
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
how long will it take to get the result of home loan modification?
Do you have any lates payments yet in the last 12 months? IF NOT, you may qualify for Short Refinance which has a principal reduction or HARP or a refinance? Let's go over the numbers? ... more
0 votes Share Flag Thu Oct 25, 2012 Home Buying in Colton
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
I have about 5 years left to pay on my home and just recently co-signed for my daughter on her first home. Would it be possible for me to purchase an?
If you didn't purchase then, it is a good time to purchase now. You would need 25% down to buy an investment rental property. BUT, I do have a scenario to do it tho. If you rent out the ... more
0 votes Share Flag Thu Oct 25, 2012 Home Buying in Colton
Garrigus Real…, Real Estate Pro in Beaumont, CA
Garrigus Real Estate answered:
Scenario- We bid on a standard flipper house Monday, Nov.21. The next day, late afternoon, the seller counter bid on a much higher price. Continued-
Only a real estate attorney can advise on this situation and determine if something should be brought to action, but I will say that this can happen. Yes, the sellers and their agent ha ... more
0 votes Share Flag Thu Jun 14, 2012 Home Buying in 92324
SacRElender -…, Real Estate Pro in Sacramento, CA
SacRElender - Bob Willett answered:
Came home to a posted letter stating that the house we are renting is going up for auction on 5/22/2012 What do we do from here?
There are a lot of questions that need to be answered to know what you need to do. Do you have a lease, or are you on a month-to-month? Who is the lender? Is there more than one lien ... more
0 votes Share Flag Mon Apr 23, 2012 Foreclosure in 92324
Allison Norm…, Real Estate Pro in Santa Rosa, CA
Allison Norman answered:
My agent told me that I only have 3days to decide whether to buy or not if the seller accepted my offer. Anything can happen within 4-6 months.?
First of all...just to clarify, the SELLER in a short sale is the Homeowner NOT the bank. The offer is accepted by the owner of the property, subject to the bank/lender approving the se ... more
0 votes Share Flag Mon Nov 7, 2011 Home Buying in Colton
John DL Aren…, Real Estate Pro in Encinitas, CA
John DL Arendsen answered:
How do you speed up a short sale? I am already pre-qualified to the price the seller is asking. What is the average waiting period on a short sale?
Chito, I wish I had a dollar for every person I've answered this question for. You'e at the mercy of the lenders through and through period. They all go at their own pace and ... more
0 votes Share Flag Wed Oct 5, 2011 Home Buying in 92324
Hector Reyes, Real Estate Pro in Adelanto, CA
Hector Reyes answered:
I was buying a house, and the bank was dragging its feet on loan approval. i called bank and they said loan
Unfortunately we are on a market that anything will spook the bankers and they will drag it.

Now with the deposit, it should said in you contract if they can keep it.

I had a situ ... more
0 votes Share Flag Sat Jul 30, 2011 Home Buying in Colton
Blaison Samu…, Real Estate Pro in Fremont, CA
Blaison Samuel answered:
is it possible to have your home loans modified if the condo is not owner occupied?
It would be hard for loan modification because you both have no jobs. Lenders want to see a source of income in order to modify. Lenders modifies the loan for owner occupied homes, I h ... more
0 votes Share Flag Tue Jul 28, 2009 Foreclosure in Colton
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
Hi Vivian, Dana is correct on FHA.

Non-FHA is also 620; HOWEVER, if you do not want any added Lender fees for low credit score you need a 720. Then again, if your LTV is 60% and low ... more
1 vote Share Flag Thu May 7, 2009 Home Buying in Colton
Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
what percent of the asking price should i put in as my offer lets say their asking for 100,000?

It is not about asking price, it is about market value and personal value. Some listing agents, especially on short sale and REO's, list the home below market value to create ... more
0 votes Share Flag Wed Jul 30, 2008 Home Buying in Colton
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