Caballo : Questions & Answers

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bluewickedbu…, Both Buyer and Seller in Mill Valley, CA
bluewickedburner answered:
Am I obligated to buy a home thru an agent simply because he/she was the one who showed me the house?
NO!. Just because an agent showed you a house does not mean you have any relationship with them. Of course, agents will say different, claiming co-operating agency or something similar. ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Caballo
bluewickedbu…, Both Buyer and Seller in Mill Valley, CA
bluewickedburner answered:
who will work with me to get pre-qulified?
Any lender or mortgage broker can help you get pre-qualified.Stay away from SPAM like mortgagematch dot com. Here you are asking an important question and spammers show up with their li ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Caballo
bluewickedbu…, Both Buyer and Seller in Mill Valley, CA
bluewickedburner answered:
Made a full price offer, with the normal contingencies, on a condo. Seller wants us to remove all our contingencies at 14 days after acceptance.
You don't need to talk to an agent. Talk to your inspectors (pest/structure), the title company and your lender. They will tell you how long it will take for them to complete enough of ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Caballo
bluewickedbu…, Both Buyer and Seller in Mill Valley, CA
bluewickedburner answered:
Confused about who pays commission to buyers agent......
The seller NEVER pays the commission and the listing agent does not either. Read my blog on Truila and it will open your eyes to what is going on.

You the buyer, pays for everything. ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Caballo
Victoria Alw…, Real Estate Pro in Yorba Linda, CA
Victoria Always answered:
How much debt ratio that a Buyer can have ? In other words, what is the debt ratio that lender look when funding for a borrower?
Hello San:

Based on both of your questions, It sounds that you are considering to rent your home and purchase a new property. The lender will consider the rental income while addin ... more
0 votes Share Flag Mon Mar 14, 2011 Home Buying in Caballo
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
Do i have to pay income tax on the commission i made buying my own house?
If you received a 1099 for the transaction, then you probably would owe taxes on the sale. Any income over $600.00 is reportable to the IRS. Check with a tax professional to be absolute ... more
0 votes Share Flag Wed Mar 9, 2011 Home Buying in Caballo
Tony McMahon, Real Estate Pro in 20601
Tony McMahon answered:
I am buying a bank owned home and I received a notice to perform.
Can't really speak for the bank, but if you provided to their satisfaction the requested items and you will be able to close after your settlement in 2 days. It seems plausible th ... more
0 votes Share Flag Tue Jan 25, 2011 Home Buying in Caballo
Terre Armstr…, Real Estate Pro in Fresno County, CA
Terre Armstrong answered:
help with fha appraisal conversion from conventional leaving original comps
Is the appraiser the same-- and now you need a FHA appraisal? Is the appraiser on the FHA rooster? if not then you would need a FHA approved appraiser to appraise the subject. As to ... more
0 votes Share Flag Sun Jan 23, 2011 Home Selling in Caballo
Adam, Real Estate Pro in Lafayette County, LA
Adam answered:
Does anyone know if the Federal gov will come after a seller for the banks loss if they short sale?
Usually no. It states on the acceptance letter that the debt is absolved and no longer owed....hence the short sale. However, in some circumstances, the bank will put a stipulation stat ... more
0 votes Share Flag Thu Nov 4, 2010 Home Selling in Caballo
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
this may sound crazy but who would know about indiviuals like myself taking over an Repo. I,m seeking a taxes lien property i could take over
http://www.tax-lien-certificates.com/tax_lien_certificates_california_ca.html

Good luck.
Perry
0 votes Share Flag Sat Oct 16, 2010 Foreclosure in Caballo
Jesse Talama…, Both Buyer and Seller in Palmdale, CA
Jesse Talamantez answered:
Looking for Investors that want to buy in Bulk.
Where are the properties located? I would be intrested
0 votes Share Flag Wed Sep 22, 2010 Home Buying in Caballo
Cagrown, Home Buyer in Littleton, CO
Cagrown asked:
Property Trade,I have a Townhouse in Colorado,would like to trade for a small house,duplex or townhouse in CA Property Trade I have a Townhouse in CO, I would like to TRADE for Property in Carlsbad, CA,Scribbs Ranch,Rancho Bernardo all in CA
Can you help ?
0 votes Share Flag Thu Aug 12, 2010 Home Buying in Caballo
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
i bought the foreclosure house in california (city of el monte) in May 2010.I just moved in the house 2 months and found out that there is termite
Where you already closed, and the home was sold 'as is" your options are limited. If there was a warranty with the termite service you may want to let that compnay service th ... more
0 votes Share Flag Mon Jul 26, 2010 Foreclosure in Caballo
Maggie Hawk, Real Estate Pro in New Smyrna Beach, FL
Maggie Hawk answered:
can I use Trulia to make 'heat maps'?
Cliff,
I don't know if this helps, but you can use Trulia to view "heat maps" for different cities. See the reference below. Also, you might want to ask this question ... more
0 votes Share Flag Mon Jul 5, 2010 Market Conditions in Caballo
Peter Shoberg, Real Estate Pro in 87111
Peter Shoberg answered:
Trying to find advice/data on which US cities provide the best rental return for sums invested purchasing property. Any ideas??
its been several years since i checked into this, but Lubbock had relatively high rents in relation to purchase prices 10 years ago.
0 votes Share Flag Mon Jun 21, 2010 Home Buying in Caballo
JOSEPH RUNFO…, Real Estate Pro in Staten Island, NY
JOSEPH RUNFOLA JR, BROKER, GRI answered:
Our Broker just flat out does not communicate and we have a forecloser sell date in two weeks ...we want to fire her but she won't pick up the
If the agent won't answer her phone, contact her broker. If that won't work contact your local Real Estate Board, and, or your attorney.
0 votes Share Flag Wed Jun 16, 2010 Home Selling in Caballo
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
As a homebuyer, have you paid a real estate commission to buyer agent?
Generally the commission is set by the seller and his/her agent--if two agents are involved in the sale the commission is shared-- unless of course you have an agreement with your buyer ... more
0 votes Share Flag Wed May 19, 2010 Home Buying in Caballo
Bob Movin-On, Real Estate Pro in Hartford, CT
Bob Movin-On answered:
Distressed Property, Father's retirmemt money in deposit, upside down and losing 300 per month, with a few years left on arm. Can't
This may not sound fair to you but you should feel lucky you only lost 30K in equity and if that is the case you are most likely in an area that should come back sooner than later, the ... more
0 votes Share Flag Tue May 18, 2010 Foreclosure in Caballo
Sandra Paulow, Real Estate Pro in Pinetop, AZ
Sandra Paulow answered:
What does we will not release contingencies mean?
Contingencies in a contract basically mean that something has to happen before something else can happen.

For example: If there were a contingency in the contract that stated that ... more
0 votes Share Flag Wed Apr 7, 2010 Home Buying in Caballo
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