There is an FHA 245 Loan that allows you to add certain features to a home and they will loan you the money for the work. I have a lender I work with, Jan Preslo with Country Home Loans and she could provide you the information you need about this program. You could reach her at 310-370-4633 to find out the details and requirements.
Hopefully this information will help you. If I can be of any further assistance, feel free to give me a call at 714-296-7270 or email me at firstname.lastname@example.org. Also feel free to visit my website at www.barbararobbinsoolexa.com for links regarding buying or selling a home.
Barbara Robbins-Olexa, Broker... more
When were you approved for this "special first time zero down program"? Because about six months ago, they were around with Ameridream and or gift and grants but none......those are all gone the way of the doo doo bird,
Talk to your bank or loan officer, they will be able to search for you and tell you what loans are available today.. I believe that the new FHA loan require 3 1/2 percent now. Where are you buying?... more
Contact your City Attorney's office and they will be able to direct you. It may not be a bad idea to contact a real estate attorney as well. Depending on your lease agreement there may not be anything in the lease prohibiting selling the property but you shouldn't have to move. Here is just one site I found on the Internet http://www.caltenantlaw.com/. Most courts have a self-help department which could also serve for more information. I am not an attorney so this is about all I can legally give you...just don't wait. They may not be able to do a "short sale" if this is not their primary property and they can't show a hardship. I would be worried more whether they were paying the mortgage since they already took money from you.... more
Property ownership is public record. You can go to the County and look this up. Or, on the other hand, you can work with a really great REALTOR who has access to this through either their relationship with a Title Company or through their access to tax records. Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty... more
MLS is the Multiple Listing Service, it is what realtors ente rtheir listing into ofr other realtors to see and get the information to their buyers. You can go to www.realtor.com where realtors MLS iinformation is posted in their database. Some MLS allow the addresses to be listed and some do not, those who dont you have to email the listing agents. The main difference is all realtor belong to MLs where only some realtors belong to Trulia. Your best bet is to have a buyer agent who can scan the mls and get you up to date info on new listings and price changes as they occur. Good luck with your search.... more
Buy whats going to make you happy and that you CAN afford. I just placed three clients into escrow this month and all were bank owned properties. It can be done if your patient. We are entering the best time of the year to buy real estate, the holiday season. Good luck.
On average 3 to 6 months... You need to ask the listing agent how far along in the short sale process they are. Has the seller been accepted financially to even do a short sale, has the bank set an appraiser out (there is 3 weeks right there) and has the package been sent into the bank for short sale approval. The agent will want to contact the bank daily for updates to see if they need anything and ultimately get an answer. You will need patience and lots of time. Good Luck Anthony... more
The questions you asked leave your situation a little unclear. Is this an investment property that you were foreclosed on by the bank by having a Notice of default filed and then a Trustees auction where the bank acquired title. Or, is this a Bank owned property you were purchasing and it fell out of escrow and now the bank is going to sell it at an auction. If the latter is the case then the reason for it falling out of escrow needs to be explained. Was it because you defaulted or did you cancel the contract within you rights?
Now with this all said, It should be explained that REALTORS are not licensed attorneys and are thus not allowed to give legal advice. That is why it is important to work with a professional agent that knows when to have you bring in a licensed attorney or whose firm has a licensed attorney available.
Bill M Godwin
With 50% down you shouldn't have any problem with financing. We would recommend beginning with the bank you normally do business with. They will be able to refer you to a US bank that might be able to provide the most favorable terms.
One of our customers from London, Onterio actually found a branch of his bank in our location with superior terms. Start with your own bank, it may be able to help more than you can imagine.
The "Eckler Team"... more
Better to just work with the listing agent if possible in this situation. Contact a few listing agents for your target properties. Discover which are friendly, responsive, fast and seem sharp. Discuss with them the possibility of them representing you in the transaction and leave open the possibility that they can find another property for you or suggest another one of their current or upcoming listings. let them know exactly what you are looking for and they can help you tremendously. That's the route I would take. Good luck!... more
I am not sure if you are talking about the CalFHA programs and specialized city programs or the seller financed down payment programs like Ameridream or Neimiah. The CalFha type programs are not bad but do add time on to the escrow. You should count on at least 45-60 days to complete both loans. The seller financed programs are not allowed after Oct 1 so if you are planning on purchasing a home using one of those programs you need to get busy, find a home and close!... more
That is awful, the worst part of anything is lack of communication. You will want to do it in writing if you are requesting a cancellation and refund of yoru check, dont just put a stop payment on it. . Do not do it verbally. You could also call and ask for her broker, let them know what is haoppening and that you are not getting any return calls. If it were me i would drive to her office, make time as a persona visit may be necessary.... more
Good questions. In general, the situation is very similar to Australia and the HOA fees cover the same services. You must pay property tax. Costs to be aware of are special assessments, school bonds and improvements. It is not uncommon for an HOA to levy a $2k/unit bill for plumbing improvements/repair, for example. A lot depends on the building.... more
It depends on who you hire and how willing they are to give you a break you may be paying anywhere between $180 to $250 per square foot. To know for sure I would interview and talk to 6 to 8 contractors. Everyone will give you a different ideas and that will help you decide on other aspect of you project.
Prudential California Realty... more
The very best site is the local MLS. You will have to use an agent to list your property. When interviewing you should ask them what other sites they use, and how they get the information to those sites. For example, Keller Williams agents also use a KW site which then automatically distributes the listing to several others, including Trulia and Zillow. Best of luck!... more
There are homes in Tustin and Orange that may meet your needs. It's not likely (at this point) that you will find a SFR in decent condition for under $350K, but townhomes are available. If you are willing to drive 35 - 45 minutes, South Orange County area (Lake Forest, Mission Viejo, Laguna Hills) would be worth looking at. The tax rate in Orange County is approximately 1.1% unless it was built after 1988, where it might have Mello-Roos taxes in addition.... more
You can actually go onto my website at www.joehoms.com and click on "Community Info" Click on "Orange County" and then click on "Santa Ana" to see all the information you require. Good luck and if you need any assistance with your purchase, just email or call me.... more
I'm working with someone right now who is looking for a 200K condo in Tustin/Santa Ana. I have a guy that is working on one of those for them, you can give him a call anytime and he can find out if you are qualified or not.
714-709-1016 Miguel... more
A very important question is, "When or is your loan maturing (meaning, is it requiring you to pay more than the minimum payment)?" Do you have the option to make 3 different payments, such as, a) Minimum payment, b) Interest only or c) Full 30 year amortized payment? If so, then you can pay any of those amounts. Usually the bank has set it up where any payment above the minimum first pays interest, then anything above the minimum+interest would obviously pay down the principle. Because the idea is that if you don't pay the interest, you are adding to the principle. So it goes to say that if you paid principle (and not interest) you wouldn't be making a difference on the total principle owed, because the interest just gets tacked on.
If you are interested in additional advice, with no obligation, I would recommend calling a lender. I have worked with Kevin Piel at Terra Mortgage. His number is 714-342-0002.
Best of luck,
Robert M. van der Goes