Home Buying in 90016 : Questions & Answers

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Leonajulli, Home Buyer in Fort Worth, TX
Leonajulli answered:
Negotiating escrow fees at closing?
It's a fee charged by the title company. Escrow Fee is pretty much the same as a closing fee. It actually has nothing to do with an actual escrow account for taxes and insurance.

R ... more
0 votes Share Flag Thu Jun 11, 2015 Home Buying in 90016
2okkupy, Home Owner in Los Angeles, CA
2okkupy answered:
What are HOD fees? I saw this fee listed on a house that's not's in a gated community.
Hello If the house is on Colesium, it may be in the Baldwin Hills Village Gardens Homes Association, which was established in 1947 and includes 450 homes from Bowesfield Street on the N ... more
0 votes Share Flag Tue Jul 23, 2013 Home Buying in 90016
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
How can I find out if a previous buyer has done inspections on a home that fell out of escrow?
You are suppose to get a copy of the previous professional home inspection if you have an accepted offer on home

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes Share Flag Mon Jun 10, 2013 Home Buying in 90016
Ronnie Kline, Real Estate Pro in 90016
Ronnie Kline answered:
Is it crazy to offer 70-80 cents on the $ for bank-owned, pre-forclosure, REO, etc... listed homes? Thanks!
With each property (bank owned or standard sale or short sale), you want to research the value before making your offer. Autmatically lowballing on every home will be a time waster as m ... more
0 votes Share Flag Mon Nov 12, 2012 Foreclosure in 90016
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Question: Please explain the consequences If the Appraised value comes out to be higher or lower than than the agreed to sale price.,
Higher, no issues. Lower, you either come in with the extra cash (which most are doing now b/c the market is hot) or re-negotiate with seller.
0 votes Share Flag Fri Jun 29, 2012 Home Buying in 90016
Daniel Klein, Real Estate Pro in Los Angeles, CA
Daniel Klein answered:
Should we just place a bid on a house that we would settle for considering its a buyers market?
You should buy something that you love. It being a buyers market just means that there are more sellers than buyers, and you can be choosey. This means you do not have to "settle&q ... more
0 votes Share Flag Thu Jan 5, 2012 Home Buying in 90016
Kevin McLaug…, Real Estate Pro in Murrieta, CA
Kevin McLaughlin answered:
We have signed almost all the papers for buying a house we are waiting for recording and for the bank to do funding can we still pull out?
As stated below, you can back out at any time before recording, but will almost certainly lose your deposit money.
Since this was posted a couple weeks ago, let us know what happened ... more
0 votes Share Flag Tue Dec 13, 2011 Home Buying in 90016
Phil and Bev…, Real Estate Pro in San Diego, CA
Phil and Bev Hourlier answered:
Can Escrow company hold closing hostage for buyer or buyer's agent to pay seller's escrow fees bank won't cover in short sale?
First of all, its up to the listing agent to negotiate with the lender, not escrow. Escrow has no authority in this matter, they are a 3rd party non-partial company who only acts on th ... more
0 votes Share Flag Sat Feb 19, 2011 Home Buying in 90016
Sara Mehrpou…, Real Estate Pro in 91403
Sara Mehrpouyan answered:
Question: What is the difference between a Regular Short Sale and a HAFA Short Sale
With HAFA, you are not supposed to wait until an offer has been obtained and accepted by the seller to start the Short Sale process. They also offer incentives to the home short seller ... more
0 votes Share Flag Fri Feb 18, 2011 Home Buying in 90016
Risa Liebster, Real Estate Pro in Toluca Lake, CA
Risa Liebster answered:
I took my house of the market back in nov now i'm ready to resell my house or do i have to wait for 6 months.
Wow Rochelle, you have indeed received many great answers. Joanna is correct in recommending that you interview multiple agents in order to find that right match. If you're not com ... more
0 votes Share Flag Tue Apr 27, 2010 Home Buying in 90016
Jes Sierra,…, Real Estate Pro in Rancho Cucamonga, CA
Jes Sierra, B.Sc. answered:
can the selling agents/bank pull out the house and put it back on the market without giving me a cancellation?
Marco,

Talk to a real estate attorney (not a regular attorney).
I know that it sucks that you paid for an inspection and appraisal ($700+) along with the time and effort spent to ... more
0 votes Share Flag Sat Aug 22, 2009 Home Buying in 90016
Renee Porsia, Real Estate Pro in Philadelphia, PA
Renee Porsia answered:
Regular sale to short sale, unique situation?
Hi Rob,

I deal with short sales all the time and what you need to have is patience. There is a lot of information the bank will need from the seller such as a hardship letter which ... more
1 vote Share Flag Thu Oct 23, 2008 Home Buying in 90016
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