It's a legit real estate arrangement. The key is to have the right terms to protect yourself. Have a local agent help you review the deals available so you don't get caught in one-sided deals, which can happen even in legit offers.... more
We would be happy to help you in your home search. If you send me your contact info I will send you an e-mail with what is currently available in your market areas.
CA DRE 01338444
Looks like mid $400's at least, give or take depending on the specifics. The market has really picked up, so that will certainly help. We're seeing quick sales, full price (or more) offers, multiple bids, etc. Comps are limited, so you may have to feel the market out a bit. The good news is, with low inventory like this, you can try something new.
Let me know if you need something more concrete.
I always advise my clients to call the local police department and ask them about crime the area they want to live.
I have always found them to be helpful and knowledgeable which will put your mind at ease.
there are also crime maps for cities which show crime rates.
Do a little googling and see what you find.
Keller williams Newport Estates
Currently homes are selling much quicker than they have in years. Prices are firming up and appraisals are coming in at the higher prices. Interest rates are still very attractive. There is no saying what the housing market will be like in 2013 especially it being a Presidential election year.
I would strongly suggest that you sell now.
You would have to contact the bank and apply for a mortgage assumption which you would have to qualify for. So your credit worthiness will be essential. Once you are approved by the bank then they will put the mortgage in your name.
There are no automatic assumptions without qualifying with the bank. They have to approve your creditworthiness.
Barbara Robbins-Olexa, Broker
L B Brokerage
You can list it on Craigs List under RVs, Consign it with one of the big RV dealers like Mike Thompson RV, or McMahan's RV or El Monte RV. You can also place an Ad in the newspaper.
Tell me a little about it and I'll ask around....
Newport Beach & Palm Desert CA... more
Absolutely! And it might be to your advantage. I'd welcome the opportunity to sit down and discuss the marketing options with you. Depending on location, amenities, etc., we could then decide if that's the best approach for you, or if you'd be better served marketing it as a single family home. All information regarding the property should be considered when making this decision. Please give me a call at 714-742-3997 to discuss your situation.
Bank owned homes are all over the place! If you do not already have a realtor, you should choose one to help you find the home you are looking for. You mentioned Ontario, that is San Bernardino county. Then you said Orange county, are you willing to look in the areas between Orange County and Ontario?
Feel free to call if you need any help.
Prudential CA Realty
The best thing to do in addition to saving some money and keeping your fico scores up, is to talk to a lender about your plans. The lender will be able to tell you how much of a home you can afford and what you will need in terms of downpayment and closing costs. There is no charge for this service. If you need some lender referrals, just me an email through my profile.
Good luck,... more
Good question. I've seen it done two ways, and the accurate answer is it depends on how the contract is written.
The majority of the time, the good faith deposit is not funded by the buyer until written approval has been received from the lender. Then, you open escrow and the deposit is placed into escrow.
However, recently I had a listing agent (I was representing the buyer) ask my buyers to place their good faith deposit into escrow for 3 months. This would serve as a means to show that my clients were dedicated to waiting out the lengthy short sale process, and couldn't pull out of the purchase (without losing their deposit) if they found another home. In this case, my clients placed their deposit into escrow upon acceptance of the offer, before written approval was received.
Hope that helps. Happy Hunting!
That is normal, remember each side of the transaction have time frames to perform duties. At about 17 days as built into a California contract 17 days is the standard time frame to remove all contingencies. This is so the seller knows they have a serious qualified buyer ready to go. Many times if you need longer then 17 days to remove the loan contingency your agent can ask for an extension and for the most part they will do it Sometimes they won't. But it is very important to get to your lender all the paperwork they need and to order the appraisal asap. And do the property inspection right away. The sooner you have the property inspection, appraisal and the lender has all your paperwork you should be ok. But stay on top of it with your agent and mark on your calendar when these time frames will hit. Hope this helps. Good Luck.
Peter Solomon / Realtor
T.N.G. Real Estate Consultants
Yes, I would be happy to assist you. I specialize in Orange County. Please call me at 949-303-9406 or you can email me at firstname.lastname@example.org so that we can talk and see what best fits your needs. I look forward to speaking with you.... more
Credit is affected. If you have been late, the short sale is viewed the same as a foreclosure. If you are not late on a payment, it dings your credit for about 3 yrs.
Can you afford to make the payments? Would you consider renting to a tenant? Could you afford to sell it for less than owed and bring money to the closing table. It might be possible to close on a new house with a deep discount so what you lose on the condo can be gained in the new one...call a local Realtor and Mortgage Professional in your area. They will give you a free consult. A CPA could be a good reg also... more