Seller carries back paper secured with a trust deed. Often it's a a higher rate to off set risk. Most ofter have a balloon payment down the road, say 5 years, not often longer than 10 years. Contact Craig Laursen for more information, he can be reached at 760-500-4832.... more
There's no dollar value you can place but what the buyer is willing to purchase for. Of course any property below or at the bottom range of the market price will attract buyers. Not all buyers have kids nor too concern about the issue. However, you must disclose it to the buyer immediately to avoid any legal issue and delay or cancellation of escrow. The value will typically decrease as it stays longer on the market with the later case.... more
It is very possible that you will lose money selling. I do not know your area. A lot of the country has seen house prices drop over the last year or 2. When you factor in realtor fees at about 6% it could wipe out any appreciation you might have enjoyed.... more
Most banks do not consider modification of the loan terms unless the borrower has some sort of circumstances that would be considered a hardship. (reloction could be one) It does not need to be severe hardship but I would get the facts to a person who has done some modifications and/or short sales and see what the options might be.... more
The Salvation Army would be a great place to start. Also the YMCA and YWCA. They should ask for transitional housing situations. Hopefully the husband can find a job in the near future. They need to find a way to transition from being without a home to having enough support to pay first and last months' rent to get an apartment.
Steve, picking one agent from the many good agents that are vying for your attention is a herculean task, especially right now. Most people pick one from a referral of a good friend or relative. You may already have a relative in the business already. The trouble with those options is if it doesn't work out sombody's feelings may be bruised, maybe yours. If you throw your hat into the ring, such as you have already done here, you will be inundated with "pick me offers" to produce their credentials for you. I bet you have already recieved a call before I could post this. We all have those credentials, some real and relavent, others less so. There will be so many that it will come down to a blind guess.
Another way would be to go to the California Association of Realtors and search for an agent that lists Carlsbad as their home area. The agent profiles there will also list their areas of specialty and other personal information. You will find links there to their websites where you can also get a grasp of their personalities and ethics. Once you find a few candidates this way, call each one and interview them out of the blue. From those pick several that can think on their feet for a personal interview at your home. The one you should pick will immediately relate to your issues, not their agenda. That candidate should have some years of experience, remember, this is the first downturn of the market in many years. They need to know the area where you are interested. Ask them questions, many questions about selling homes and about what to expect if you list your home with them. Pick the one with good answers and a sense of humor. Good Luck! I hope I get a call soon.... more