Home Buying in Reseda : Questions & Answers

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Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
i am in a 5 way family trust.(20% beneficiary)..i am buying out the other 4 beneficiaries. can i use my 20% in the trust as my down payment ??
Hello Dale, your qualifications will be determined by your credit profile, debt to income ratios, fico scores and how the trust is written. You may use gift of equity to purchase but it ... more
0 votes Share Flag Tue Jul 15, 2014 Home Buying in 91335
Jeff and Che…, Real Estate Pro in Encino, CA
Jeff and Cheryl Fox answered:
How hard is it to purchase a house with cash?
Hi Nia,
Many properties today have multiple offers. Cash buyers certainly present a strong offer which sellers and agents pay attention to. I did read other answers where some suggeste ... more
0 votes Share Flag Wed May 28, 2014 Home Buying in Reseda
rons, Real Estate Pro in Concord, CA
rons answered:
I live in Lake County Illinois and my house is in Foreclosure. When can I stop paying the HOA fees? The day the house is sold in the Sheriff's
If it goes to sale, the loan servicer will pay the HOA dues that are due and/or past due.

Prior to sale, and depending on how delinquent you might get, the HOA can foreclose. If you ... more
0 votes Share Flag Mon May 19, 2014 Foreclosure in 91335
Matthew A. B…, Real Estate Pro in Glendora, CA
Matthew A. Bartlett answered:
Need to get original (not a copy) property deed mailed to me.
Hi Avatarchik77,

It will take some time for the original deed to come in the mail. Unfortunately, the County works at a very slow pace and calling the Agent will not expedite the tim ... more
0 votes Share Flag Tue May 6, 2014 Home Buying in Reseda
Jhon Cordova, Real Estate Pro in Granada Hills, CA
Jhon Cordova answered:
My house went into foreclosure and had an auction date of 9/20/12. How can I find out if it was sold? Can someone help me find out? Carla
You can also call the bank that had your loan and they will able to give more details.

Jhon Cordova Realtor®, Acredited REO Agent™
CA DRE Lic #: 01817265
Tel: (818) 968-1 ... more
0 votes Share Flag Mon Oct 1, 2012 Home Buying in 91335
Sara Mehrpou…, Real Estate Pro in 91403
Sara Mehrpouyan CDPE answered:
I have a ethical question.My husband and I are in escrow.We had a 10 day contingency period. We re-asked for
You should get everything in writing. It should have been on what we call a Request for Repairs form.
Sign up for New Property Listings By Email Here: www.newlosangeleshomesearch.com
... more
0 votes Share Flag Tue Mar 6, 2012 Home Buying in Reseda
Voices Member,  in
Voices Member answered:
What is the avg cost per sq ft to add an addition to a house by pushing the back out by 10 ft and that will include a bathroom?
A quick check on the 2010 - 2011 cost vs value in your area of CA suggests that 100K would be average
0 votes Share Flag Sun Sep 18, 2011 Home Buying in Reseda
Kobi Costa, Real Estate Pro in 91367
Kobi Costa answered:
I noticed that in the San Fernando Valley, west of the 405, homes in Reseda seem to be priced lower than in most other areas, such as tarzana, west
Reseda is considered to be inferior to Tarzana and West Hills. Tarzana has good freeway access and is close to Ventura Boulevard. West Hills is known to be a safe neighborhood with good ... more
0 votes Share Flag Tue May 17, 2011 Home Buying in Reseda
Susan J. Penn…, Real Estate Pro in 33331
Susan J. Penn, PA, Realtor answered:
My townhome is being foreclosed on. When can I legally stop paying the HOA. When is the property no longer mine?
Dear Kat,

The answer to your question is dependent on trying a short sale verses a foreclosure and knowing the difference between the two. Usually with a shortsale your turn around ... more
0 votes Share Flag Wed Apr 20, 2011 Foreclosure in 91335
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
How can you find out if a home in Reseda is in foreclosure?
If you let me know the address, I can tell you.

Richard Schulman
#1 Listing and Selling Agent
Keller Williams
0 votes Share Flag Mon Feb 7, 2011 Foreclosure in Reseda
Vinece, Home Buyer in Tarzana, CA
Vinece answered:
NO, NACA is not a scam. It takes time to go through the process. They look at what you can afford based on all of your bills and monthly expenses. They want you to be a sucessful homeow ... more
0 votes Share Flag Mon Jan 31, 2011 Foreclosure in 91335
Joanna Jensen, Real Estate Pro in 94566
Joanna Jensen answered:
Hi Todd,

What stage of foreclosure. If you are now the true owner of the property and you have at least 7 days before that sale date you MAY have options.

1) you can bring cash ... more
0 votes Share Flag Sat Jan 15, 2011 Foreclosure in 91335
Dp2, Other/Just Looking in Virginia
Dp2 answered:
Hello I posted back on July 20th i believe I the renter that had problems with the plumbing that the landlord would not address. We decided to fix it
You need to consult with an attorney. Yet, keep in mind that the foreclosure isn't complete until the gavel falls, and that happens after the auction--not beforehand.
0 votes Share Flag Sat Aug 14, 2010 Foreclosure in Reseda
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I will receive my husband's death benefits in a lump sum. I want to purchase a condo for myself and my brother who is disabled receiving SSA.
Depends on your finances/assets--visit with any qualified loan officer(s) first, see if you qualify, see what your budget can handle, have your credit checked, etc., then go from there.
0 votes Share Flag Sat May 22, 2010 Home Buying in 91335
Emelia Sanch…, Real Estate Pro in Ontario, CA
Emelia Sanchez answered:
Can you qualify for a home loan if you are unemployed?
Your father in law may be unemployed but must have income coming in from somewhere. Which he used to get a loan. Could be pension, social security etc all acceptable means of income.
0 votes Share Flag Thu Apr 8, 2010 Home Buying in 91335
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
Is it possible for me to use my VA certificcate on a foreclosed property? I've never used it before.
VA doesn't restrict how the certificate is used as far as property type. Make sure that you are working with a lender who is very familiar with the VA loan program and make sure t ... more
0 votes Share Flag Wed Jan 27, 2010 Home Buying in Reseda
Ted Canto -…, Real Estate Pro in Los Angeles County, CA
Ted Canto - The Mobile Mortgage Pro answered:
can I used the 8k that the goverment is providing as part of downpayment.?

These so-called programs are few if not available. I haven't heard one source stating they can actually do this. My answer is simply: You can't find a place that wo ... more
0 votes Share Flag Thu Dec 17, 2009 Home Buying in Reseda
Emily S. Kne…, Real Estate Pro in Huntington Beach, CA
Emily S. Knell answered:
Do I have good chances of buying a home (100% cash) 15-20% under market value?
I think you will find deeper discounts for an ALL CASH offer with Short sales rather than REOS. If you can find a short sale where there is 1 loan 1 bank involved or 2 loans 1 bank inv ... more
0 votes Share Flag Tue Oct 27, 2009 Home Buying in Reseda
Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
My friend's lives in Reseda and her home was forclosed by Wells Fargo several months ago. She filed bankruptsy last Thursday, 10/15/09. Someone

If your friend filed bankruptcy, did she use an attorney to do this? The attorney should have the information to notify the lender that she has filed BK and they should stop t ... more
0 votes Share Flag Sat Oct 17, 2009 Foreclosure in Reseda
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