91105 : Questions & Answers

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Eric H Wong, Real Estate Pro in Berkeley, CA
Eric H Wong answered:
How does 1031 exchange affect buyer?
For all practical purposes, it shouldn't affect the buyer at all. You should just proceed as a normal sale. The seller just has to disclose that it is a 1031 exchange.
0 votes Share Flag Sat Jan 5, 2013 Home Buying in 91106
Voices Member,  in
Voices Member answered:
Does future rent income count towards getting approved for a homepath loan to purchase a multi-unit home?
I would talk to your lender. Some may have a rental survey done at the time of appraisal, and you can get up to 75% of the fair market rent credited towards your income ratios.
0 votes Share Flag Wed Feb 24, 2010 Financing in Pasadena
John Barry, Real Estate Pro in Los Angeles, CA
John Barry answered:
I am interested in a home in West Pasadena area zip code 91103. I was wondering about King's Manor which is close by and the crime activity
Hi Precious,

Your best bet on finding out about crime activity in the area would be to go directly to the source, to the Pasadena Police Department. Here is a link to their website: ... more
0 votes Share Flag Mon Jul 30, 2012 Home Buying in 91103
Bentley Advi…, Real Estate Pro in San Mateo, CA
Bentley Advisors answered:
I'm self-employed, single mom, making $120k annually, credit ranging 690 to 735 among 3 bureaus, $200K cash for down payment, no credit card
Assuming you truly have $120k of documented income, have zero debt and a min qualifying credit score of 700, you might qualify for an $800k+ purch price. With your $200k down, the loan ... more
0 votes Share Flag Wed Jan 6, 2010 Financing in Pasadena
Lee Bothast, Real Estate Pro in South Pasadena, CA
Lee Bothast answered:
I need a house (Condo or Family house), with at most 300,000 $. I want a safe and good neighborhood preferably near Caltech. Any recommendations?
Payman, That area is indeed a good area, and at that price point you will have most success in finding a condo as there are no single family homes in the Caltech area in that price rang ... more
0 votes Share Flag Sun Jan 3, 2010 Home Buying in Pasadena
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
how long does it take for loan docs to expire?
Hi Pezzoreamer, first, there are two types of "loan conditions" to be aware of:

1) Prior-to-doc (PTD) conditions are those that must be satisfied before the lender’s ... more
0 votes Share Flag Sat Jan 2, 2010 Home Buying in 91101
John Barry, Real Estate Pro in Los Angeles, CA
John Barry answered:
Is this property still on the market?If yes I would like to schedule an appointment. - 949-680-9881Thanks Pascal.
Hi Pasccal,

What property are you referring to? I would be happy to check the status of this property for you.. Email me at: john.barry@coldwellbanker.com & let me know the ad ... more
0 votes Share Flag Tue Jan 19, 2010 Home Buying in North Central
Ted Canto -…, Real Estate Pro in Los Angeles County, CA
Ted Canto - The Mobile Mortgage Pro answered:
Can I get approved?
Hi Fretter,

Don't Fret. It is a bit more difficult to qualify someone who has been out of the workplace for 2 years or more. However, there are situations that if explained an ... more
0 votes Share Flag Tue Dec 29, 2009 Financing in Pasadena
Ted Canto -…, Real Estate Pro in Los Angeles County, CA
Ted Canto - The Mobile Mortgage Pro answered:
Ok to ask credit for repair on a REO property
Pezzo,

You may ruin some part of the negotiation process.. I would advise you speak to a REALTOR if you do not have one. You are at a disadvantge if you do not have one when trying ... more
0 votes Share Flag Fri Feb 26, 2010 Home Buying in Pasadena
Terri Formico, Real Estate Pro in Los Feliz, Los Angeles...
Terri Formico answered:
How would you rate this residential area overall?
It really depends. I describe this market as a dual market. You have your foreclosure/REO market A and the regular sales which include probates market B.

Market A is in transition ... more
0 votes Share Flag Tue Nov 17, 2009 Foreclosure in 91103
Linda Susan…, Real Estate Pro in Northridge, CA
Linda Susan Fox answered:
When a condo sales office says that the prices are non-negotiable, how true is that and is there any possibility of negotiation?
You could always ask for closing costs as a way to discount the sales price. As your agent I would write an offer per my buyers request.
0 votes Share Flag Wed Nov 18, 2009 Home Buying in Pasadena
Gary Gukassi…, Real Estate Pro in Pasadena, CA
Gary Gukassian answered:
what's the best way to find properties with guest houses?
Hi Christy,

You can do it on your own, but that might be too time consuming. The public sites do not have a filter to separate the ones with a guest house. Your best bet is to star ... more
0 votes Share Flag Sun Nov 8, 2009 Home Buying in Pasadena
Von Bonilla, Real Estate Pro in Pasadena, CA
Von Bonilla answered:
DO YOU HAVE ANY LOW INCOME/ AFFORDABLE HOUSING PROJECTS?
Hello Nedajah,

Here's a website that may help you http://cityofpasadena.net/Housing/

I hope this helps.

Thanks!
Von
0 votes Share Flag Yesterday at 3:09pm Rental Basics in Altadena
Yanni raz, Real Estate Pro in Sherman Oaks, CA
Yanni raz answered:
Is there any way to break contract as a seller. We have already gone past inspection and are due to have the
How many days are you after the contract?
0 votes Share Flag Fri Aug 21, 2009 Home Selling in Pasadena
Voices Member,  in
Voices Member answered:
What can I do to uncover information on foreclosed or pre-foreclosed properties by myself?
Sergio,

The Banks and the Gov. have created sites to provide the public with access to their properties for sale listings..(REO/Foreclosures) and information on the Bid/Purchase proc ... more
0 votes Share Flag Thu Nov 19, 2009 Home Buying in Pasadena
James Martin, Real Estate Pro in Pasadena, CA
James Martin answered:
Unethical seller's realtor trying to play me (a buyer) - please help?
First off, the agent is under no obligation to offer you any details about any other offer other than to simply state that there *are* other offers. She does not have to say what the h ... more
0 votes Share Flag Wed Jul 22, 2009 Home Buying in Pasadena
Fred Griffin, Real Estate Pro in Tallahassee, FL
Fred Griffin answered:
BUYING A TENANT OCCUPIED PROPERTY
is this a deal that i should run from?!

That was going to be my first answer.

Talk to Lenders, but with the Lease running that long, they are probably going to treat it as an Inve ... more
0 votes Share Flag Tue Jul 7, 2009 Home Buying in Pasadena
Lukasz Wojtu…, Real Estate Pro in Fairview, NJ
Lukasz Wojtuszkiewicz answered:
Is there a bank or credit union you'd recommend where I can get a free pre-qualification?
I suggest going ANYWHERE else. First time I have heard of a lender charging to pre-qualify. If you're working with a realtor ask them for 2 or 3 people that they can recommend so you ca ... more
0 votes Share Flag Wed Aug 5, 2009 Home Buying in Pasadena
Cleo Pappas,…, Real Estate Pro in Bel Air, MD
Cleo Pappas, Esq., Realtor answered:
How do I find a take over payment from owner home?
HI, You pose an interesting question. First you need to find a homeowner willing to let you take over the payments in exchange for title to the home; 2nd you need their lender to allow ... more
0 votes Share Flag Sun Jun 7, 2009 Home Buying in Pasadena
James Martin, Real Estate Pro in Pasadena, CA
James Martin answered:
There are some foreclosure properties on the internet, who can I contact for those properties?
Any Real Estate agent who belongs to the Multiple Listing Service would be able to access the information regarding those foreclosures and arrange for a showing for you.

Working with ... more
0 votes Share Flag Tue Mar 24, 2009 Home Buying in Northeast
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