Please call me I just helped someone clear charges off their credit report I work with a great lender that can help you for free.
951-743-9445
Thanks
Fatema Sayed
vacany rate is average, based on all types of housing. I looked at some management site and they said 1-3 weeks, which I doubt it in this market as bad as Murrieta with unemployment rate Murrieta has.
If some professional have different perspectives, I really appreciate it if they can share it here. I really want to invest into rental house in Murrieta but still debating if I should or stick with north/west Riverside counties instead.... more
We are looking for a 3 bedroom 2 bath with hardwood flooring. Would like rv parking and a garage. I want something with character. Possible locations... Wood Streets, Magnolia Center, houses across from California Baptist University, remodeled homes on the Riverside side of Mt. Rubidoux.... more
Your loan officer can give you a personalized answer as much will depend on the type of loan that will best suit your financials/needs; therefore if you haven't done so yet do visit with any licensed loan officer to determine qualification; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... more
There is no average. There are creidt unions still doing 100% financing, Most banks have some form of community reinvestment program that will allow 3% down (Though you must qualify financially), FHA loans start at 3.5% down. To get the best possible rate and terms you will need 20% down, though there are 5% and 10% options as well.
This isn't really the platform to get your question answered. You should speak with an experienced Buyer Broker in your area who can suggest good, honest local lenders you could speak with as everyone's situation is unique.
To find a great Realtor in your area you may want to read the blog post I've attached below.... more
Sam that may be like asking who is the highest rated burger stand? To each their own opinion. If you do need three lenders, I have three that i work with on my website that I suggest to my clients and at the same time I let them know they can always choose their own. www.socalhomesrealty.com/locallenders.html
Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomebuying.org
www.socalhomebuying.org
California Department of Real Estate Broker License # 01312992... more
Hello Joe,
We just bought our house in Orangecrest last year..We looked at properties for while before buying our new home....From a buyer point of view...the homes are large and beautiful...Yes most of the homes that were built in 2003-2006 will have Mello Roos in the range of $4000.00+ per yer and the HOA's are fairly low..We pay $25.00 per month. And being that we were looking in the area for 4 months I can pretty much inform you on what to expect. We love our new home and the area. This is a great area of Riverside to live and I bet my bottom dollar you'll love as well!
Best regards,
Dominique Tanks
Toltec Realty
DRE#01895435
(951) 254-2076
http://www.inlandempirecahomefinder.com/mimarket/zip/92508/
]... more
There are many neighborhoods in the IE that offer positive cash-flow opportunities. That means it's cheaper to buy. There are also many neighborhoods that don't offer good cash-flow opportunities for investors. That means it's cheaper to rent.... more
Don't believe everything you read, especially in Newsweek. There is no countrywide universal standard. The "Bank" is usually not the owner of the mortgage, but the servicer. The owner is often an investor who has their own idea of what they want or need from the house they have never seen.... more
You might look into Orangecrest and Canyon Crest. You'll be at the upper end of your budget, but it can definitely get done and you'll be in a good family-oriented neighborhood with excellent schools. Canyon Crest is Riverside's original "nice" neighborhood. In many aspects Orangecrest now holds that title.... more
Canyon Crest and the Riverside Plaza area's would be my top choices, for you to check out a see if it fits for you, both areas have a wide range of properties and prices, I'm sure you will find something in these area's to fit your needs.... more
Cynthia,
They are not suppose to let you see it.
They are suppose to let you know which credit report or reports they looked at so you can get your own copy.
On the other hand some nice lenders would like to help you fix your credit issues so down the road you can then purchase. Good Lenders will work with you to aid you in fixing you credit woes if they know you have intention of buying a home in the near future.
Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomebuying.org
www.socalhomebuying.org
California Department of Real Estate Broker License # 01312992... more
I know my response may be a little late, but I believe other agents in this blog hit the nail on the head. It can be a long wait for a Short Sale approval, but once it is approved the transaction then becomes a "normal" sale. The wait can sometimes pay off. Things to be on the lookout for prior to making the offer: see if the home you're purchasing has 2 liens or 1 (this plays a role), also see if the home has any HOA liens against the property. Remember, all properties involved in the transaction have to agree to the terms of the sale. Keep your fingers crossed and hope for the best.... more
I thought you were interested in the downtown area. If it's South Riverside County then I would definitely chime in with SoCal Homes. Temecula would be the place to be. I'm not so sure about some of the other areas mentioned, however.
Judging from your question I'm gleaning that you want more of a pulse beat. Some of those areas are pretty much bedroom communities and if you're single or even a young married couple without children I would think you'd want a little more action.
Temecula's wine country offers that and Old Town is a very happening spot with all it's galleries, antique shops, boutiques and great eateries. There's also some pretty nice places to hang out at night with live music and dancing.
We're getting pretty busy in Temecula with distressed property acquisitions as well. Presently there are a lot of very good investment opportunities in that area. We'd be happy to show you around anytime. Feel free to contact us through our website or Contact Joseph Arendsen at joseph@arendsengroup.com... more
Hello Sugar!
REO will definetely have a greater risk than a short sale because most often you do not provide a deposit on short sales until the short sale is approved by the lender. In any case, the way you might lose your deposit is if you do not perform your responsibilities in a contract. However, there are always many ways to get your deposit back unless you walk out of a contract for no "acceptable" reason.
Hope this helps!
Javier Rodríguez
HouseStar Realty Group Inc.
Real Estate Broker
Lic: BK703443
Certified SFR Short Sale and Foreclosure Resource
: 407.429.5243 | P: 407.301.3401 | F: 407.373.0064 | eFax: 407.264.6260... more
I hate to say this, but you won't have a lot of success navigating this. Your Agent's BROKER should get involved and not only contact the Listing Agent's Broker, but also FannieMae, regarding this. I'm guessing the answer is no, but it would help if you have an email trail of this.
Complete bad business.
btw, I specialize in the FM HomePath Renovation loan. With the only company licensed to do this loan in all 50 states by FM. :)
Good luck.
b... more
Joyce,
I will send you homes through the MLS system. The heading will read 2 on a lot. Call or email me after you recieve them.
Thank you,
David Melendez
951-757-1113
I don't know of any lenders offering assumable loans. If you're considering an assumable due to lack of a down payment, there are plenty of down payment / closing cost assistance programs for Riverside county as well as 100% financing with no mortgage insurance.
Sounds like bait to get you in the door and build their database of prospective home buyers.... more