Home Buying in Castaic : Advice

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Robert, Real Estate Pro in Santa Clarita, CA
Robert answered:
I have an offer on a short sale and was told that the HAFA review should be done in 5 days and then it will go for short sale approval.. timeine 2 exp
The process varies. It depends on numerous circumstances. The main variance is who the investors are for the mortgage(s) on the property you made a short sale offer on.

Bank of Amer ... more
0 votes Share Flag Mon May 16, 2011 Home Buying in 91384
Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
i put a offer for short sale house in saugas for 285000 against offer price of 290000, but its only four days

Sorry to hear that your bank has reduced your loan approval. It is really important that you ask your lender the reason for reducing the loan amount so you can proceed in ... more
0 votes Share Flag Wed Feb 2, 2011 Home Buying in 91384
Michael Wolff, Real Estate Pro in Encino, CA
Michael Wolff answered:
How long does a short sale take?
It can take anywhere from 30-60 days up to 90-120 days! Depends on the area, the lender, the strength of the buyer and the details of the short-sale package.

An experienced agent ca ... more
0 votes Share Flag Sat Nov 20, 2010 Home Buying in Castaic
Robert, Real Estate Pro in Santa Clarita, CA
Robert answered:
First Franklin Mortgage - Need Loss Mitigation contacts
Hello there, I will say that is pretty odd for an REO property to not have an answer for 2 weeks. It sounds more like an unapproved short sale to me. We have sold many REO properties ... more
0 votes Share Flag Mon Nov 10, 2008 Home Buying in Castaic
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
How can my ex agent try and collect a referral fee from our current RE agent?
I appreciate your frustration, however the bottom line is what does the contract state AND what did the first agent do?

In California if you agree to and sign a Buyer Represen ... more
0 votes Share Flag Wed Jul 22, 2009 Home Buying in 91384
Robert, Real Estate Pro in Santa Clarita, CA
Robert answered:
We are in competition with 3 other offers on a short sale property. The bank has now decided that they want
Hi Richq - the bank cares about what they net. So if you offer a higher purchase price, but ask for closing costs to be credited back, they really don't care about that gross number, th ... more
0 votes Share Flag Fri Nov 19, 2010 Home Buying in Castaic
Terra Bruns, Real Estate Pro in Santa Clarita, CA
Terra Bruns answered:
Patty, there a number of land listings available up there...can you tell me what sq ft you are looking for and also are you open to Val Verde which is a part of Castaic that is a bit m ... more
0 votes Share Flag Thu Aug 7, 2008 Home Buying in Castaic, CA
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