Oscar Espinosa

Realtors like my self have access to MLS for rent listings.
Investors who want to rent out their properties list them with MLS system.
I'm local, Pomona is next door to me so I can provide you with the information you need furthermore one of my assistants can show you around those properties.
Feel free to contact me. - Tue Apr 15 2008, 17:58

Realtors like my self have access to MLS for rent listings.
Investors who want to rent out their properties list them with MLS system.
I'm local, Pomona is next door to me so I can provide you with the information you need furthermore one of my assistants can show you around those properties.
Feel free to contact me. - Tue Apr 15 2008, 17:57

Hi Mia, unless you have access to the lender guidelines and every lender's is different, I will find it very difficult to know what its their bottom line, that said, you probably want to give them time to go through their procedures, that are not always straight forward as we all like to think.
I've had some short sales where after all it’s said and one they’ve taken between 68 to 75 cents on the dollar being conservative. On your case you are asking them to take around 51 cents on the dollar. With out me knowing more details I'd say it’s gonna be a toss 505/50 chance, but you never know.
Good Luck - Tue Apr 15 2008, 16:57

Hi Allyn, let me ask you a question, how much are you qualified for? its very important because that is going to determine the price range your new house is going to be and without that information its difficult for anybody just showing you houses that you may not even quality for. That the price range can be very wide, it all depends on 'Living Sqf, year built, and neighborhoods within the same city like: Above the 210 Fwy but close to Victoria Gardens Mall". You can get up to 110 houses 3Bed 2Bath for sale starting at $275K up to $350K. A lot of those can be ROE's but I don't know if any of those may be a good match for you.

If you haven't secure your financing its the first thing you have to do ,get pre qualified, we have great loan programs and I can sure try and match them to you particular situation . After that I'd be glad to send you by e mail a good number of properties and once you decide which ones you like from pictures and the description online, I can set an appointment and show them to you.
Feel Free to contact me by Email or via telephone. - Tue Apr 15 2008, 14:26

You have to know that when you first get a listing agreement you are a fiduciary for your principal in this case the owner and lender who has an interest in the property, and even though the owner has to sign off the purchase contract, the short sale approval it must be under the conditions and accepted by the lender who is taking the hit money wise. As for the listing agent, it has a fiduciary duty to present the offers to their principal. Once you have your seller's hardship and authorization letters you are able to negotiate directly with the lender in behalf of your seller. The listing Agent should be able to get directions from the lender as far as the terms and details of the short sale because of the above mentioned Authorization Letter. - Fri Apr 11 2008, 20:34

I'm sorry "Home buyer in Rosamond" you feel this way about maybe few bad apples in the industry but without the agent's direct link to the mortgage holder also called Bank or Lender, Ryan would've a real tough time getting the info he needs, and this has nothing to do with Realtors or agents, regular people unless are totally invested in buying investment REO's or distress properties don't have the time, patience, skill, and the right information to be able to successfully negotiate a purchase by themselves.
Dentist, mechanics, dry cleaners and everybody else have their place in this society, sure you can save money but at what cost? - Fri Apr 11 2008, 20:17

First get in touch with the listing agent, ask about the trustees sale date, that will tell you how long you have to submit an offer before somebody buys it at the auction or if nobody buys it will become an REO then you may have a good chance to buy it for a good price too by submitting an offer to the REO listing agent but that will take time anywhere from a week to three depending on the Bank and the REO listing agent. Make sure you have your financing lined up to be able to actually buy the property. Forget about the Owner, the current listing agent should be able to sort things out for you. There are few more things and variables but I’m sure your Realtor will be able to guide you trough all of them. Please feel free to contact me should you have more questions. Good Luck Ryan - Fri Apr 11 2008, 18:21