Paul Biderman, Home Buyer in Ventura County, CA

Do 55 And Over Communities In Ventura County Make Exceptions?

Asked by Paul Biderman, Ventura County, CA Sat Nov 20, 2010

I'm 45 and retired due to disability. My sole income is ~$1000 per month from Social Security but I do have about $40k set aside to buy a small home, mobile home or condo. But everything I find in Ventura County is too expensive unless I can get into a 55 community. Are there any 55 communities in Ventura County that make exceptions, and if so which ones are more inclined to do so? Also, what would be needed to convince them to make the exception? I've lived in Ventura County for over 30 years and really couldn't see myself leaving. Do I have any hope of finding a solution here?

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Answers

7
Thanks Barry. I'll check those out.
0 votes Thank Flag Link Sat Nov 20, 2010
Paul,
There are 15 detached homes on the MLS, throughout the County, that are listed under $170K. Some are short sales, most are REOs and a few are trust sales. Sift through some of these options, and determine if they'd qualify for your needs. Have a super holiday!
0 votes Thank Flag Link Sat Nov 20, 2010
Thanks for the responses so far. I agree that monthly costs would be a primary concern for me, although I do have a family member who will be able to help me on a monthly basis if need be. I'd much prefer to buy a home on it's own land and not have to deal with space rent of a mobile or HOA fees of a condo but I doubt I can find anything in this county.

I'll keep looking. Anything is possible and I'm not in a huge rush to find a place.

Paul
0 votes Thank Flag Link Sat Nov 20, 2010
Hello Paul,

The Americans with Disabilities Act of 1990 (ADA) is a law that was enacted by the U.S. Congress in 1990. On September 25, 2008, President George W. Bush signed into law the ADA Amendments Act of 2008 (ADAAA). Here is the info: http://www.ada.gov/cguide.htm You may be afforded rights as a disabled person, seeking appropriate housing.

Here is a copy of the Leisure Village HOA Declaration of Covenants, Conditions & Restrictions: http://www.leisurevillage.org/http___Leisurevillage.org/Form… I happen to have a senior mobile home listed for sale in Camarillo for under $12K, with 650/mo. space rent. I personally see the financial aspect to be more of a challenge to finding housing to purchase, than the fact that you are disabled. Leisure Village homes start in the $165K range. Good luck - I hope you find these links to be useful!
0 votes Thank Flag Link Sat Nov 20, 2010
Dear Paul -

I am sorry to hear about your early retirement. I hope you know that the policies are normally very strict,
but it is also on a case by case basis, and the decisions can be amended in certain HOA bylaws if
the members agree.

As a 55 plus Broker Senior Specialist based in Ventura County,I would be able to present your case, and in certain circumstances, they may make exceptions, but again every complex is different.

Please get pre-qualified first, because you also have space rent at a mobile home park, and the loan
to debt ratio is only 28%, some rents can run as high as $500. per month.

Good Luck. Please call me if you want local senior advice, from a party who is also retired.

Ray Komar
0 votes Thank Flag Link Sat Nov 20, 2010
An exception may be available if you don't live alone and are able to find a relative or friend who is over 55 that is willing to live with you just so you may qualify to be a resident in this community.

Kenny Tan
http://www.kennytanlaw.com
http://www.kennytanlawblog.com
0 votes Thank Flag Link Sat Nov 20, 2010
I don't know of a single 55+ community that makes exceptions on age. Temporary residents living with qualified residents is a different story.

Good luck,

Cameron
Corona, California
0 votes Thank Flag Link Sat Nov 20, 2010
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