Home Buying in Santa Margarita : Real Estate Advice

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David Norwood, Real Estate Pro in ARROYO GRANDE, CA
David Norwood answered:
what is a short sale? I've read that they can be bad?
What is a Short Sale?
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pa ... more
0 votes Share Flag Thu Apr 2, 2015 Home Buying in 93453
steve, Home Buyer in 93453
steve asked:
I am interested in purchasing a mobile home to place on land that I have purchased. I had 2 short sale (1 - 4years ago, the other 3 years ago.) I would like the home to be financed separately, a chattel loan. I have a large income >200k/year and 75K in the bank to put towards the mobile and land improvements such as septic, foundation…
0 votes Share Flag Tue May 13, 2014 Home Buying in 93453
John Arendsen, Real Estate Pro in Leucadia, CA
John Arendsen answered:
Looking for a Manufactured Home Loan for about $100K. I have 50K in savings. I had a short sale 2 years ago, and was not current with the payments.
David, not to be argumentative but there are banks that do lend on homes over 10yrs old providing that the home meets basic criteria i.e. built after June 15, 1976, in a resident owned ... more
0 votes Share Flag Tue Oct 15, 2013 Home Buying in 93453
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