Walter Kersten

I'm a:	Real Estate Professional
Location:	Yorba Linda
Web sites:	My Web Site

46 Answers
2 Best Answers
17 First Answers
11 Useful Answers

Report this profile

My Q&A View all >>

Walter Kerst…'s Questions (0)

Walter Kerst…'s Answers (46)

Question removed

Asked Thu Aug 7 2008, 08:32 by Chris - Chino Hills - Home Buying - 9 answers

Walter Kersten answered:

Hi Chris,
I believe the answers from the Calif agents are more accurate to the timeframes for a short sale. I recently closed a short sale in Placentia, CA just over the hill from your location. We wrote the offer on Feb 3 and closed at the end of June. If you are willing to wait it out and don't mind the emotional roller coaster then short sales are OK to try. As Shel-lee stated the work is on the listing agent side not the buyer's side so your agent should be fine.
Good luck, Walter - Thu Aug 7 2008, 09:20

REO's in Berkeley

Asked Mon Aug 4 2008, 19:03 by Mills - 94132 - Home Buying - 5 answers

Walter Kersten answered:

Hi Mills,
They are worth looking into. Email me at walter@ocnorth.com and I will email you my list of ten things you need to know about REO's.
Good luck, Walter - Mon Aug 4 2008, 19:59

Hello, I'm president of a homeowner association in California and we have someone going through a divorce and

Asked Mon Aug 4 2008, 15:35 by Diana Anders… - Reseda - Home Selling - 8 answers

Walter Kersten answered:

Hi Diana,
If your association has a lien on the property (very common) for past due HOA dues then the amounts will have to be paid before title transfers to a new owner. If not, I would say that the new owner is not liable for the late dues.
Good luck, Walter - Mon Aug 4 2008, 15:43

short sale approval time (wamu)

Asked Thu Jul 31 2008, 13:52 by Buyer007 - Evergreen - Home Buying - 4 answers

Walter Kersten answered:

Hi Buyer007,
Once a bank has approved the short sale they want the tranaction to close in ASAP. I have been given as little as 7 days and the most I have been given is thirty days. The delay comes from the banks making the approval decision. The fact the bank has reponded in two weeks and requested the HUD-1 is a good sign. I would make sure your lender is already to go.
Best of luck, Walter - Thu Jul 31 2008, 14:31

Sell vs Rent?

Asked Mon Jul 28 2008, 14:41 by Tim@CrossRoad - Los Alamitos - Market Conditions - 13 answers

Walter Kersten answered:

Hi Tim,
I suggest you consider two things before you decide. First, I assume your employer will pay all closing costs of selling your new home and might even pay some of your closing costs on a new home. These amounts can be meaningful and might be lost if you don't sell. Second, I would check with a lender to make sure you can qualify for a new loan without selling your existing one. What if the renter stops paying and it takes months to evict? Will you be able to make both payments? I hope that helps.
Good luck, Walter - Mon Jul 28 2008, 15:11

View all Walter Kersten's Questions & Answers >>

RSS