Financing in Murrieta : Questions & Answers

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if my wife has a foreclosure on her credit can i get a loan for a new home using my credit without hers
Yes if you get a conventional loan your wifes credit will not be run and her past foreclosure will not be an issue. If you got a FHA or VA loan, the lender would run a joint report, an ... more
1 vote Share Flag Mon May 13, 2013 Financing in Murrieta
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
i lost the house in march 2010, how long do i have to wait to purchase another one?
Some great answers below, but if I could add my 2cents, if you want to come up with little or no money down, you will have to wait until March of this year which doesn't leave you much ... more
0 votes Share Flag Sat Feb 2, 2013 Financing in Murrieta
Kevin McLaug…, Real Estate Pro in Wildomar, CA
Kevin McLaughlin answered:
can you use the first time home buyers 20% down payment assisstance program with a 590 mid score?
Good answers below from George and Brad - as usual -

Congratulations on your decision to purchase. It is a great time to buy. Please let me know if we can help you find the right pla ... more
0 votes Share Flag Fri Jan 18, 2013 Financing in Murrieta
Lisa Delzompo,  in Murrieta, CA
Lisa Delzompo answered:
Are VA loans hard to get like bank loans? Credit not the best due to medical issues in the past...Thank for any info.
Hello Donna,

I am a local mortgage broker who has helped a lot of military families get VA loans in Murrieta and surrounding areas. We work with numerous lenders, finding the one th ... more
0 votes Share Flag Thu Nov 29, 2012 Financing in Murrieta
Todd & Devona…, Real Estate Pro in Palm Springs, CA
Todd & Devona Garrigus answered:
Thinking of buying a house to rent out and wanted to know if I could qualify for a FHA 3.5% down mortgage? Excellent credit
FHA loans require owner occupancy, and when buying a rental property you will no doubtedly be required to put more down than 3%.
0 votes Share Flag Thu Jun 14, 2012 Financing in 92562
Kevin McLaug…, Real Estate Pro in Wildomar, CA
Kevin McLaughlin answered:
what is a short sale?
Ronee - A Short Sale is simply a sale of a property where the mortgage lien holder (BofA, Wells Fargo, etc...) agree to a sales price that is short of what they are owed.

Check www. ... more
2 votes Share Flag Tue Jan 31, 2012 Financing in 92563
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
We are in the proccess of doing a short sale on our home, we want to buy another home can we have our parents co-sign?
I know this is an older question, but I think it's important to clear up some misconceptions regarding buying after a short sale as this question comes up all the time. First John ... more
0 votes Share Flag Mon Aug 22, 2011 Financing in 92563
,  in
What is the current REO waiting period if I am going to purchase with an FHA loan in california?
Hi Gramdacious -

Brad and Shane have given you great information. You have learned that as long as you are buying an REO, FHA's 90 day flip rule does not apply so you don' ... more
0 votes Share Flag Sat Jun 4, 2011 Financing in Murrieta
Jane Grant, Real Estate Pro in ,
Jane Grant answered:
What is the real estate law code in California that you are not allowed to open up a second escrow unless both parties from the first escrow agree to?
Chapter 8 of the DRE Handbook has the code in the ESCROW guidelines and procedures. Her is the link.

0 votes Share Flag Wed Feb 3, 2010 Financing in Murrieta
Isaac Bensus…,  in 92037
Isaac Bensussen answered:
currently hold a second on a home that is going to foreclosure. Just heard it is going to sell on the

I gave you the telephone number of one of the loan officers that I use because I sensed urgency in your question. I do not get a cut from anybody. This is against Real Estate ... more
0 votes Share Flag Wed Mar 18, 2009 Financing in Murrieta
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