I have closed a LOT of short sales being the listing agent & working with the various banks, I would like to hear what your questions might be before referring you out to an attorney who's going to charge you & arm & both your legs. My partner who is not an attorney has closed over 700 short sales & If I can't answer your questions, he probably can & he won't charge you attorney fees.
If you're looking to investigate your loan, who owns it, actually & if they have the rights to actually foreclose on you & things of that nature, yes you would probably want / need an attorney.
Please shoot me an email directly, I don't look back on this same Trulia thread for answers posted after mine.
Realtor Since 1996
Main Street Realtors
Buying in the Hills, there are many different types of inspection reports you should get. It's been 15yrs since the last report for a geological study, you should at least get another report regarding soil & slippage, along with your general home inspection.
See if the same co. who did the report in 96' is still in business.
Realtor Since 1996
Main Street Realtors... more
There are other factors that go into getting approved for a mortgage. You can contact a lender and get an idea of what and if you can get approved with out any cost or obligation. It will let you know exactly where you stand.... more
Usually construction on a lot can run $250 dollars per square foot (builders grade ) not including the land/plans and ground work (retaining walls, foundation, caissons, excavation). You best bet is to get a piece of land that already has approvals and some ground work done to it. With that being said an existing project might be your best bet. There is little financing available for construction either. In order to qualify for a loan, I'd have to get more info from you and could connect you to a few lenders to go over your situation.
In the meantime, if you need assistance finding a rental until your ready to purchase, let me know.
Usually lenders want to see about 2 years of credit history (possibly less).
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900... more
The first thing I would do is to contact a lender and talk with them and see what the qualifications are concerning your specific needs.
Jerry A. Lorenz
Cell: 440 724 4402
Check Out My Real Estate Blog: http://jerrysrealestateblog.blogspot.com/... more