If I understand the situation, your friend hooked up with a Realtor to help buy a house. The offer has been accepted and the transaction is going through escrow. For some reason, your friend has refused to use the lender suggested by the Realtor and refused to use the inspector suggested by the Realtor. Also, your friend does not want to give personal financial information to the Realtor.
Why did you friend get together with this Realtor in the first place? Why did you friend sign a contract for exclusive representation by the Realtor for four months? What has changed in this relationship between Realtor and client to cause such friction?
What is the source of your friendâ€™s real estate advice, now? You?
Allegations about misconduct by the title company are troubling, if true. Title companies are regulated by the California Department of Insurance. Perhaps you should file a complaint with the proper oversight authority. That body may have an interest in investigating your (or your friendâ€™s) claim of malfeasance.
I donâ€™t think I want to get in the middle of this mess.... more
I am familiar with the area you are looking at, the Pineview Estates area. From what I understand it is VERY had to find financing for that neighborhood, because the property is all lease-locked...essentially you own the house, just not the land it is built on, which leaves you in a tough situation if something goes awry with the land. I was able to get pre-approved for a loan that neighborhood through Greater Nevada Credit Union. Speak to your realtor, they generally know who finances the neighborhood. Also, half of the houses are stick-built, others are manufactured; you will not be able to get financed for a manufactured home out there. Yes you can buy and rent it out, and you can buy and re-sell. There is a deeding option in about 13 years.
Another thing about the neighborhood, it is on a community propane well(read as $$$$$$$) and water well; no public utilities, it is all privately maintained. There is natural gas nearby and thus should be available for hook-up at the home you are looking at.
I hope this covers it...I am house-shopping in that area, and also live and work nearby, and have done a lot of research into buying there. If you have any questions, by all means e-mail me at firstname.lastname@example.org and I will do my best to find you an answer.... more