So here's my take on the subject.Homeowners bought a home or refinanced their home within the last 10 years and for whatever reason loss of job, reduction of hours, major illness, death of a loved one,
Based on your income and some rough estimates, you can only spend $3400 per month on ALL of your mortgage payments, auto payments, and minimum monthly payments on credit cards. Please give me a call if you would like to over your qualification for a new mortgage in detail
Glen S Etherington, NMLS #346658
Will you be able to rent it? How much would it cost you to carry the home for a year? It's hard to predict what wil happen with prices in the next year. Industry analysts predict that we'll start seeing recovery in 2008....but the question is, what is the potential appreciation in that one year that you'll hold it.
CA real estate is a great investment. If you could hold on to it for 3-5 years, you're likely to see some nice gains. Good luck with your move.... more
I would be happy to go over your options without pulling your credit. We can go over the various programs and benefits . In addition the pros and cons to pulling your credit. You may call me
Karen at @ Peoples Bank . 7046612209
NMLS 85656... more
They're very inexpensive because you need to pay a space rental each month that can range from $500 to $2000 per month depending on what park with no land ownership. Also, they're very expensive to move, so once you buy it, it it can be very difficult to move, if at all.
Mobile homes can be a good choice if they're in a community you really want to be a part of or if you have land somewhere and want an inexpensive home on it. They continue to depreciate in value like cars, with a few exceptions. Buying real property is almost certainly a better choice for most people.... more
You can do a cancellation of escrow but it may cost your parents. They need to speak with their Realtor about this issue before escrow closes.
John & Sarena Villaescusa
Keller Williams Realty
Website: www.VGroupHomes.com... more
Where there is a will there is a way. I have lenders that will help individual with less than perfect credit. And if you credit score are too low with them, I have a program that you enter and within a 60 days your credit scores should be over the requirements for a loan.
Please call me or email me at firstname.lastname@example.org or call 562.215.9525 for credit and real estate questions.... more
All available bank inventory is listed in the MLS. All agents using the MLS have access to bank owned inventory that is available for sale. Bank owned inventory is very low in Garden Grove right now. You may have to look at short sales and "normal" sales as well if you are looking to purchase right now.... more
City of Garden Grove First Time Homebuyer ProgramThe City of Garden Grove has a first time home buyer program that offers money to home buyers looking to purchase a home within the city limits. If you
A few days ago, I was asked by a friend, “what’s a short sale?”. My response was, “do you live under a rock?”. The conversation went on, he told me he had of course heard of them, had no idea
Stop foreclosure Garden GroveDo you want to stop foreclosure in Garden Grove ?You have several options when you are looking to stop the foreclosure of your home in Garden Grove, Ca.A loan modification
You can change to another host. I've done it. Just ask the host if they built it it's yours Ben I you in the future change to another host. Always good o ask and know there policy. Ingrid ski realtor.... more
He claims he can modify loans up to 65% of fair market value (FMV)...
Let's say you paid 600K for your house and have two loans 1 for 480K and 1 for 120K. Let's also say that today's FMV is 350K, do you really think the bank will refi you at $225K? That's a $255K loss for them. If they foreclose on you, and sell the house at $350k, they lose $130K. What's a more likely scenario?
There is an FHA program called Hope for Homeowners that will let the lenders modify you to 96.5% of today's FMV in exchange for future equity sharing. This is a great program...but no lenders are willing to offer it.
I smell scam. This PRG scheme sounds very similar to one that Noveuax Riche has trained people how to do but it is all just very underhanded and quite honestly, skeevy.
You can do your own loan modification as well as any attorney or realtor. Call the bank yourself...if you have no equity and are behind on your payments, they will work with you. If you have equity, they will foreclose on you and take your equity. If your bank won't modify your loan, you can short sale your house through the preferred realtor of your choice. You don't need to pay anyone upfront to figure out the best scenario for you.
Thats my 2 cents worth as an investor/hobbyist with a nephew who just went through what it sounds like you are going through.... more
First thing the listing price is not set by the bank, one trick inexpereinced agents use is putting a price that is lower than market value to attract more bids. The sell er may sign and accept you offer but the bank will only accept an offer that is at or near market value. You should assess what the house is worth in todays market and then base your offer on that, not on asking prices. Good luck... more