91207 : Questions & Answers

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Mark W. Mill…, Real Estate Pro in San Diego, CA
Mark W. Miller, Realtor answered:
why lending company does not want to finance newly flipped house?
Some lenders have a "seasoning" or "aging" policy. You can learn more about this by doing a search on the terms "mortgage" and "seasoning". Sometimes this seasoning period can be as sh ... more
0 votes Share Flag Wed Jul 15, 2009 Home Buying in Glendale
Tony Syedin, Real Estate Pro in Valrico, FL
Tony Syedin answered:
What does "Bank Approval 240k." at the end of a listing mean? Is this yet another code for a short sale?
Hi Dianne,
Most likely it means that the Bank had an offer and approved the sale of the property for $240,000. The listing agent is letting you know what the bank is comfortable with, ... more
0 votes Share Flag Mon Jul 6, 2009 Home Buying in Citrus Grove
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
how does the hud $8000 tax credit for use as a down payment for first time buyers work.?
MrPrint,

Consider viewing the attached website. It is a good example of a common sence approact to explaining the "First Time Home Buyer Tax Credit" program,


www.federalhousingt ... more
0 votes Share Flag Tue Jun 9, 2009 Home Buying in Glendale
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
How much do I need down for a $800k home if I do a FHA loan to the maximum?
Hi Akiko, assuming you are in a $729,750 County, $70,250.

Check loan limits here: https://entp.hud.gov/idapp/html/hicostlook.cfm

Best, Steve
0 votes Share Flag Sat May 30, 2009 Home Buying in Glendale
Lori Lewis, Real Estate Pro in Bethlehem, PA
Lori Lewis answered:
how much allowance should i give my son in college?
My son has the same set up (we pay for it all!) and we give him $300 a month. That is for gas, movies, and I am sure a few beer and pizza parties. We are in PA so I am sure the cost o ... more
0 votes Share Flag Wed May 16, 2012 General Area in Glendale
Mario Villag…, Real Estate Pro in Burbank, CA
Mario Villagran answered:
i am not happy with my current agent although I signed a waiver. how do i terminate the service?
Chong,
First talk to your agent about what you expect from them and just open up the lines of communication. They may not know that you are not satisfied. If you two can't come to ter ... more
0 votes Share Flag Mon May 11, 2009 Home Buying in Glendale
Bob Khalsa, Real Estate Pro in Santa Clarita, CA
Bob Khalsa answered:
What's the fastest turnaround time between buying & selling a property you have witnessed? Not investment buy
8 months. Happened about 3 years ago.

Bob Khalsa
Broker
bobfoxbat@gmail.com
0 votes Share Flag Wed Mar 25, 2009 Moving in Glendale
Mario Villag…, Real Estate Pro in Burbank, CA
Mario Villagran answered:
I'm looking to get into a larger home.
I've had a lot of clients in this situation. The nice thing is that you are in Glendale and in Glendale you can get a good amount for rent. If you are able to rent your house and break ... more
0 votes Share Flag Thu Mar 12, 2009 Home Buying in 91205
Monique &…, Real Estate Pro in Los Angeles, CA
Monique & Joe Carrabba answered:
I am looking to buy a foreclosure or Bank owned house in Glendale, CA. Any REA can do this process?
Hello Lola,

Not just any agent can do the process (anyone with a liscense). It's best to go with an agent that has experience. There are properties in foreclosure (short sales) and a ... more
0 votes Share Flag Sun May 20, 2012 Home Buying in Glendale
Dawn Isenhow…, Real Estate Pro in Milford, OH
Dawn Isenhower answered:
How potentially serious is it to have drywood termite presence and damage in a house that I want to buy?
Andy,

I would do two things. I would get a contractor in there to give an estimate of what it would take to fix the damage, and then, I would get an estimate from an exterminator as ... more
0 votes Share Flag Mon Oct 27, 2008 Home Buying in 91205
Mario Villag…, Real Estate Pro in Burbank, CA
Mario Villagran answered:
what is a short sale?
In a nutshell a short sale is when the home is being sold for less than what is owed to the lender and the seller can not pay for the difference. Although the seller may agree to a sale ... more
0 votes Share Flag Mon May 7, 2012 Home Selling in 91205
Gary Gukassi…, Real Estate Pro in Pasadena, CA
Gary Gukassian answered:
Are you an agent who knows glendale or burbank or Valley Village let me know I need a strong agressive agent.?
Hi CH,

The areas you mentioned are the areas I work with on a daily basis. I assume you have an agent since you indicate you have seen everything there is to see.

Do not get disc ... more
0 votes Share Flag Mon Sep 29, 2008 Home Buying in Glendale, CA
David, Real Estate Pro in La Jolla, CA
David answered:
I was wondering approx. how much rent I could get for my 2bd/2bath, office, cool house in glendale, ca.?
Craigslist is a good source to reference for current rents..
0 votes Share Flag Wed Aug 20, 2008 Market Conditions in 91205
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
I'm doing a short sale and I have an eloc loan after purchase. Do I have personal liability on the eloc?
The home equity line of credit (HELOC) uses the residence as collateral, so you will need to pay it off or negotiate with that lender. HELOCs are one of the things that cause problems ... more
0 votes Share Flag Mon Aug 8, 2011 Home Selling in 91202
David - Appr…, Real Estate Pro in Maricopa, AZ
David - Appraiser answered:
Hello. I'm trying to estimate how much a home in Glendale 91202 would have sold for in 1976. The address is
Contact an Appraiser who provides service in that area and request a retro appraisal on the property for the date needed. It is the same procedure used when determining a date of death ... more
0 votes Share Flag Wed Nov 17, 2010 Market Conditions in 91202
Bob B., Home Buyer in Los Alamitos, CA
Bob B. answered:
How difficult is it to get a un-permitted structure permitted after the fact?
VERY !!!! The city could require after the fact compaction tests, slab analysis, etc. Big gamble ......
0 votes Share Flag Fri Mar 7, 2008 Home Buying in 91208
Christopher…, Real Estate Pro in 92543
Christopher Walker answered:
my aunt bougth ahouse and quit claim it to me it is recorded in the county of LA im behind 3 months now will
A 1099 may now be a mute point since the Mortgage relief act of 2007: http://www.whitehouse.gov/news/releases/2007/12/20071220-6.html
Who would get it? It would be the mortgage holder ... more
0 votes Share Flag Fri Jan 4, 2008 Financing in Glendale, CA
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
How do I find homes sales for the last 12 months in my zipcode area?
Hello Florence. Any real estate agent can provide you with a list of all the homes that sold through the MLS in a particular zip code. This would be the easiest way for you to get the ... more
0 votes Share Flag Tue Mar 3, 2009 General Area in 91205
simplenickel, Both Buyer and Seller in San Francisco, CA
simplenickel answered:
What are the key parameters when purchasing income property?
What's key is to make sure your rental income will cover your out-of-pocket costs. That includes the mortgage payment on the property, as well as taxes, insurance, maintenance, repairs ... more
0 votes Share Flag Tue Oct 21, 2008 General Area in Glendale, CA
Manisha, Real Estate Pro in Cupertino, CA
Manisha answered:
How do you know when it's time to move?
We moved for better school district and family was growing, needed bigger house and also market was good to buy new house.
0 votes Share Flag Thu Nov 18, 2010 General Area in Glendale
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