Home Buying in Corona : Advice

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Richard Upton, Real Estate Pro in Corona, CA
Richard Upton answered:
Does the Four Seasons community have mello roos????specifically Magnolia and Mc Kinley area in Corona..I don't seem to find anything...
Hello Olivia,
There are special assessments in that area. When you ask if there is a Mello Roos in the area, make sure that you understand that Mello Roos is just a form of specia ... more
0 votes Share Flag Sun Dec 27, 2009 Home Buying in Corona
Connie Bramb…, Real Estate Pro in Orange County, CA
Connie Bramble 714-337-8718 answered:
I am currently in the process of buying a short sale. A few weeks back I missed my closing date because we thought the listing agent had a written
How's everything going with your transaction?
Connie Bramble
714-337-8718
0 votes Share Flag Wed Dec 9, 2009 Home Buying in Corona
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is the opionion of Bank of America in the short sale process??
Short sales are not guaranteed and any bank can accept/reject/counter--there really isn't such a thing as one bank faster than another--unfortunately, the short sale process can be ... more
0 votes Share Flag Thu May 16, 2013 Home Buying in 92882
Voices Member,  in
Voices Member answered:
My husband and I missed out closing date on a short sale due to a mistake made by the listing agent. She did not get written approval on the 2nd
Sorry to hear you are having these types of problems. I am sure you have been very patient only to get this far and still have delays.

I am afraid that you need to get your informati ... more
0 votes Share Flag Wed Aug 24, 2011 Home Buying in Corona
Lydia Kray, Real Estate Pro in Eastvale, CA
Lydia Kray answered:
Any Eastvale experts out there?
I am a Realtor that lives and sells homes in Eastvale. About a year ago, there were always about 240 homes + available on a steady basis. Today there are under 150 homes that are for sa ... more
0 votes Share Flag Fri Jan 11, 2013 Home Buying in Corona
Cindi Shutt, Real Estate Pro in Riverside, CA
Cindi Shutt answered:
First time homebuyer looking at NACA loan. Anyone have experience with it?
I have been doing research on this type of loan. Here is what I have found are other requirements that you need to investigate before you consider this loan.
•1) Requires a 4 ... more
0 votes Share Flag Mon May 16, 2011 Home Buying in Corona
John Villaes…, Real Estate Pro in California
John Villaescusa answered:
Can you remove or release a judgment lien on a property?
It will have to be negotiated into the short sale. More than likely the bank will approve it because even if the house goes to foreclosure they will have to clear title. Your agent wi ... more
0 votes Share Flag Fri Jan 21, 2011 Home Buying in Corona
Irena Popile…, Real Estate Pro in Staten Island, NY
Irena Popilevsky answered:
I was suppossed to close escrow on a short sale tomorrow. My agent called today to tell us that we can't close becasue we dont have the written
Yes a written approval must be provided. Also the first Mortgagee asks for the written approval from the second mortgagee in order to give their approval. If the approval from the secon ... more
0 votes Share Flag Tue Jul 3, 2012 Home Buying in Corona
Connie Bramb…, Real Estate Pro in Orange County, CA
Connie Bramble 714-337-8718 answered:
My husband and I signed loan docs Monday(10-26-09) night and our broker dropped them off to be reviewed by the lender on Tuesday (10-27-09) at
Hi Hopeful,
Depends on the lender you are using. The one I generally use funds the day after docs are signed. there are many lenders that require a 24-48 hour hold on the docs before ... more
0 votes Share Flag Wed Oct 28, 2009 Home Buying in Corona
John Villaes…, Real Estate Pro in California
John Villaescusa answered:
I have one last question before closing on my home. I posted a question a couple of weeks ago regarding a 5,000 dollar deficit between the 1st and
Usually both the listing agent and the buyers agent will split the difference in the cost if the bank hasnt already taken care of the issue. The buyer shoud not have to pull money out ... more
0 votes Share Flag Mon Oct 26, 2009 Home Buying in Corona
Jordan Grand…, Real Estate Pro in Bend, OR
Jordan Grandlund answered:
My husband and I are buying a home that has a $50 HOA fee. My husband heard from his boss that if we ever sell our hose in the future that the HOA
Check the CCR's. If there are any restrictions then it should state it in them.
0 votes Share Flag Wed Dec 16, 2009 Home Buying in Corona
Christopher…, Real Estate Pro in 92543
Christopher Walker answered:
My husband and I are buying a home that has a $50 HOA fee. My husband heard from his boss that if we ever sell our hose in the future that the HOA
Nope......as far as I know, a HOA can not dictate the terms of sale. They can, with proper CC&R's impose occupancy restrictions (FED compliant) and rental/lease restrictions ye ... more
0 votes Share Flag Fri Oct 23, 2009 Home Buying in Corona
Diana Margala…, Real Estate Pro in Rancho Cucamonga, CA
Diana Margala (909) 560-0145 answered:
The 30th of October is the last day we have to close on our home. We met all the conditions required by the underwritter and today the realestate
An Appraisal review is usually mandatory on Government Loans (Fanni/Freddie) so this is common. Usually the appraiser can get the additional information to the underwriter in about 1-2 ... more
0 votes Share Flag Tue Oct 20, 2009 Home Buying in Corona
The ACG Group…, Real Estate Pro in Rancho Cucamonga, CA
The ACG Group, Realtors® answered:
I am having a problem with my realator. My husband and I just finally got approval on our short sale but there was a 5,000 dollar gap between the 1st
Dear Hopeful ...

I think I remember you posting previously that it had been 10 weeks waiting for written approval on this deal. So you have a lot invested in it.

If I also unders ... more
0 votes Share Flag Sat Oct 10, 2009 Home Buying in Corona
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
Would it be worth it to get a real estate license to buy my own home if I'm looking to by a house in like six months? I know I could pass the
What would be the reason for getting your license? Would it be to arm yourself with information on the process of buying a home or is it to save money because you would get paid the co ... more
0 votes Share Flag Mon Sep 15, 2014 Home Buying in 92880
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
It has now been a little over 10 weeks that I got an offer accepted on a short sale and the seller had 2 loans on the property. The second mortgage
Short sales can take anywhere from 3 to 6 months and in some cases longer. If the second loan has already approved the short sale, then you are past the biggest hurdle. It's hard ... more
0 votes Share Flag Thu Oct 8, 2009 Home Buying in Corona
Valerie Esca…, Real Estate Pro in Upland, CA
Valerie Escalante, CRS, GRI answered:
I wanted to know if my agent and I should lower the amount we ask for the seller to pay towrds closing or if we should just not ask for closing cost
Hello Hopeful in Corona,
Looks like you are learning by experience that there is a lot of competition among bank owned properties. Make sure that your agent is doing a brief market a ... more
0 votes Share Flag Sat Oct 10, 2009 Home Buying in Corona
Sharon Koziel, Real Estate Pro in Corona, CA
Sharon Koziel answered:
Short sale / foreclosure rules
Sorry to hear of your mix up. The banks are not playing fair with buyers or agents right now. It appears that one department of the bank is not talking to the other departments. The ... more
0 votes Share Flag Thu Oct 1, 2009 Home Buying in Corona
Bonnie Scrib…, Real Estate Pro in Fullerton, CA
Bonnie Scribner answered:
Why are the houses in Corona, CA is cheaper than any other cities? Is it something wrong in the area?
There is absolutely no problem with Corona that can be generalized. As with most cities, there are good areas and bad areas. There are absolutely gorgeous newer homes off the 15 freew ... more
0 votes Share Flag Thu Oct 1, 2009 Home Buying in Corona
Connie Bramb…, Real Estate Pro in Orange County, CA
Connie Bramble 714-337-8718 answered:
Does anyone know if it is true that Wells Fargo will only pay 1% of the closing cost if the buyer is using a?
Hi Hopeful,
I am missing something here? If the buyer is using a what???? And when Wells is lending to you; or when you are buying one of their bank owned homes?
Connie Bramble 7 ... more
0 votes Share Flag Mon Aug 31, 2009 Home Buying in Corona
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