A little late with my answer but I closed three VA and Cal Vet deals in the last 6 months, the Cal Vet in 23 days which I was not expecting, a good lender is essential in these deals. In one of VA deals we beat six offers including all cash, We had the highest offer and we put a 3% deposit in to show good faith and used it
for closing costs at the end, I also presented the offer in person, I am not a big fan of sending email
offers with no contact with listing agent. The VA is a great loan program which we all should be embracing.... more
You might be able to locate her in the "Find a Pro" section. There's a tab at the upper right hand corner of the page.
I agree with you, too, about quality pictures. Frankly, no agent should be using a smart phone to take listing pictures. Period. And most agents don't know enough about photography to be taking pictures in any case.
Martinez is a small friendly community. If you go close to downtown, homes are older and smaller. There are lots of newer homes along HWY 4 and closer to Pleasant Hill borders. I would recommend looking in Pleasant Hill and Concord too. Walnut Creek is a nice town, but pricer.... more
Absolutely they can. The lender should have been doing this long ago. Many owners when they move up (especially in this area) keep their first condo's investments and buy up with savings or good financing. This was very prevalent in the boom where 100% financing was rampant. Now that the market has "corrected" many entry level associations have been devastated or are at risk. IT's the at risk associations that the banks are worried about. By limiting FHA buyers to healthy associations, the government is putting pressure on those sellers with equity in thier starter home/investments to cash out and force owner occupancies up.
It is widely belived that high owner occupied associations are percieved to be nicer overall proeprties. In this area I don't necessarily agree but its the people in Washinton that make the rules.
Nothing, really if they are paying all cash. It is adviseable to open a checking or savings account and consulting an accountant proficient in international accounting but not mandatory. She will have to be here in the US for the closing, unless that law changed and have some form of valid ID for a notary which is will be a challenge within itself.
Disclosure: The only transaction I did was pre 9/11 Patriot Act.... more