Yes they do. You will need to contact a good lender to get qualified and they will be able to tell you what you need. Contact Bryan Colebrook at iMortgage at 661-619-1507. He is very good and can give you all the details.
There is a way to make this happen, but there are many details that are not addressed here and this is not the forum to do so. When you are ready for professional services contact me wes@NCRfirm.com... more
I think he IS talking to you; you aren't listening.
He is not being polite, and he is not being professional,
But I think he's telling you that you missed the boat.
You should move on, let your Agent find another place,
and don't fall in love until it is yours.... more
According to the information in MLS it was withdrawn from the market in early July, 2012. It was listed last year and went Contingent (meaning there was an offer accepted by seller and presented to the bank for approval.) I would guess that perhaps the bank did not accept the offcer and started foreclosure on the property. If so, the house will become available for sale in the future after the foreclosure sale is completed. If you wish to be connected to the MLS so you will receive email notification should this occur, please let me know. Dee Oliver 661-747-7763... more
Annette, REO stands for Real Estate Owned and that means that this home is a foreclosure and now owned by the bank that carried the owners mortgage. Reconveyance just means that the title of the house transferred back to the bank.... more
Hi Steve, You should have received some paperwork which explains what your particular homeowners association fees cover. Some of them include roof replacement, gardening, streetlights, street paving, tree trimming, etc. It will be whatever was set up at the time the HOA was established. I would suggest you contact the HOA management for clarification of what costs are covered. Most of them have a booklet that they hand out to new owners to explain what is expected of each owner and what to expect from the HOA. If I can be of any help to you please feel free to give me a call. Jan DeTomaso, Realtor with Keller Williams 661-431-4194... more
Well, I hate to say it, but you're not going to.
The problem is that they're not just buying 50% of an investment, they're becoming equal partners with your brother, who is a stranger. Plus, they'd have to come in with cash or an unsecured note - your brother probably doesn't want a stranger to mortgage the property as a means of buying you out.
You are better off working something out with the brother - hiring a property manager, selling him your share on a note, something, anything other than wait for the needle to show up in the haystack with a light shining on it and a little bell signaling its presence.
All the best,... more
Brian, it's Cheri at 16250 Meacham Road. Wayne put the house up for sale a couple of weeks ago. He's asking $459,000. What happened to you guys? We were so looking forward to having you as neighbors. My tele # is 619-3527 if you want to call. We're not on speaking terms with Wayne after the crap he put us through with the trailer and his so-called kids so I had a friend of mine call to get the selling price.... more
Well, if you're living there, that removes one aspect of a possible scam.
However, if the question is whether the money is going to the owner . . . not necessarily, even if it's legitimate. It's easy enough to determine who owns the house and where he/she lives. The tax assessor for Bakersfield can answer that question. Often, the money would be going directly to the owner. But if the owner is using a management company to handle the rental, your money would be going to the management company.
What makes you think it might be a scam?... more
Fannie Mae often orders an appraisal before they put their homes on the market. Two competent appraisers can come to two different opinions of value on the same home. If the home sat for a while before your offer was made, their appraisal could be out of date. I would suspect they wouldn't just fold on the issue but may request another appraisal or offer a compromise.
If they request a second appraisal at your expense, have your agent thoroughly review the first one and pull up to date comps. Your agent may find some discrepancies with the appraisal or have better comparables for them to consider.... more
I'm sorry to hear what you're going through. It appears you have fallen for a common scam that has become very popular the last 3 1/2 years. I recommend that you contact the local Police Department to file a report right away. The more information you can give them about how you have been making rental payments and to whom those rental payments have been made to may go a long way into catching this individual that took advantage of you. Should the Police apprehend this individual sooner rather than later, you might be able to get your money back. Good luck Hope!
You can't. Sorry. The only way to purchase a bank owned property is to wait for the bank to list it with a realtor and then make an offer. The smartest thing you can do is to find a local realtor who is experienced with bank owned properties and ask them to keep a eye out for the listing to become available. I wouldn't wait around for the bank, however. If you can find another home that you like, make an offer now. The banks, lately, move 'slower than molasses in January' as we say out here in the East.... more
I received an email on 6/12/13 from Gold Star Financial that said "California FHA Home Loans Down to 580 FICO". I have not verified this information. I have contact information if you want to give me a call.... more