You can report items to the district attorney or the FBI. Everyone is very concerned about fraud.
Do you know how much it sold for and how much it is currently worth? Because it was fast doesn't mean there was something wrong.... more
This is not normal and your agent has dropped the ball. You're supposed to get part one of the termite disclosure within 7 days of the buyers accepting your offer. Now that you've just received it, you have 3 days to cancel your offer and get your full "good faith" deposit back. If you are happy with the house, negotiate for the sellers to pay for the full extermination and part two of the termite inspection. Remember that sellers have zero obligation to "fix" the termite problem, but the problem must be disclosed to you.
Personally, I would do a detailed check on your purchase agreement for other issues your agent might have missed. Hire a lawyer if you want to.
If you need more help, please feel free to contact us.
Golden Land Investments & Financial, Inc.... more
I can help you with this process step by step. Please feel free to call or email me when you get the chance.
Summit Realty Group
I have an update. Lake Lucerne is in limbo right now, but it's not off the table completely. Just let me know, and I'll keep you updated on it.
Cory La Scala, REALTOR
How many RED FLAGS do you need?
Why won't you listen to your Realtor?
You have a list of repairs, including MOLD and Water damage,
And your Lender doesn't want to lend on the house!
Maybe it is time to walk-away.... more
I am an underwriter for mortgage company (I approve, decline, suspend, counter mortgage loans that loan officers submit to a bank for approval. Yes, I'm the "bad guy"... and sometimes the good guy when I can make an approval), and recommend that you do NOT contact LexingtonLawFirm (read the horror stories online regarding people who have wasted their money trying to get that company to "fix" their credit.) Instead, go to CreditKarma.com, which is a free site, received rave reviews by Clark Howard on his MSN Money show, and which I personally use to monitor my credit (FREE). You can view the accounts that you have on your credit report, and get a TransUnion score - not an exact score as will be reflected on the bureaus, but it will put you in a very close ballpark of what your actual score is.
With my CreditKarma account, I get regular updates anytime anything new is added to my credit. Inquiry, increased credit score, decreased credit score, new account, paid off account, and anything else that happens. It's quite nice. Plus, you can log on as much as you want, and I like to log on and hit "update score" about weekly just to see how much the scores fluctuate in the normal course of business. It does NOT add any inquiries to your report or affect your score at all. And, if a lender is out there that can offer you a better deal on an account that you have (rate, terms, etc.), you'll see those offers come through and you can accept or not. I saved 2% interest on my car loan not too long ago by accepting one of the offers.
VA has no minimum credit score. Each lender that you speak with will have their own minimums. These are called "lender overlays". For the company I work for, it's 600. We can go to 580, but there are additional overalays to a 580 score, and max financing under a 600 score (at the lender I work for) is 90%. Even with a 600 credit score, you could be denied credit, depending on how your credit has been handled. I would say that the average lender has overlays to their VA program which requires a 620 or 640 minimum.
If you create an account at CreditKarma.com, you can see for yourself what you need to work on. Or go to Annual Credit Report.com (not freecredit report.com which is a site you have to PAY to get a copy of your credit report via enrolling in their credit monitoring service). Federal Regulations allow you to get a free copy of your credit report annually.
Look over the whole thing, from each credit reporting agency. Equifax, TransUnion, and Experian. Equifax is easiest to work with as you can do it all online. (Ordering, the disputes, etc.) TransUnion and Experian still like the snail mail process, but it's well worth it.
Pay off anything that is in collections, pay down your credit cards to a maximum usage percentage of 20-30% or just keep a $10.00 balance on the cards / pay monthly to keep the cards active and thus boost your credit score, and make sure you and your husband each have at least three open and active trade lines that have been paid as agreed for at least 12 months. VA does not require any certain number of trade lines but you can bet if your whole bureau is derogatory in nature, you're going to have some work to do.
In short, get ready to play the credit game. Have a good balance of installment accounts (maybe one or two) and revolving accounts (one or two), and pay them on time without fail. Even if they are secured accounts that dont have a very high credit limit. Get them open, buy a tank of gas, pay it off in a couple of weeks so you dont pay interest to the creditor (keep track of billing cycles). Paying off collections can bump your score up, avoid any creditors making unnecessary credit inquiries, which your credit score will get hit for.
Dont close out any old accounts that were paid as agreed. Say you have a credit card that is not active, but is still open or a line of credit somewhere that is the same, leave it open. That gives you tenure in length of time accounts have been opened. Even closed accounts should be allowed to remain on your report if they are paid as agreed, because that gives you credit depth.
There are a lot of factors that go into a credit score and credit report, and I wish you the best of luck!... more
Mello Roos are special assessments that can last up to 40 years but in most cases are for only 30 years or less. You need to visit this web site -
and you will need your Assessor parcel number which is found on your tax bill. BTW, your tax bill will probably have all the information that your need. Another resource is your closing statement which should indicate the mello roos fees ( look for CFD - on the report, you will not see Mello Roos).
Since July of 1990, California Civil Code Section 1102.6 has required that sellers make a good faith effort to give property buyers a "Notice of Special Tax" if the property is in a Mello-Roos district. The notice must include the current year's maximum special tax for the parcel, the rate at which that maximum tax may increase per year, and the final date in which special taxes may be collected for bonded indebtedness. Property sold "as is" is not exempt from providing this disclosure, as stated in Section 1102.1 of the California Civil Code.
The Section 8 Housing Choice Voucher Homeownership Program offers home loans at below-market interest rates to Section 8 tenants who wish to purchase their own homes. This program allows eligible borrowers to use their Section 8 Housing Choice Vouchers towards a monthly mortgage payment.
CHFA is committed to helping Connecticut residents achieve their dream of homeownership and values its partnership with local Public Housing Authorities (PHAs) across Connecticut as well as the qualified lender for this program. Applicants interested in the Section 8 Housing Choice Voucher Homeownership Program should contact their PHA directly (See, State List of PHAs.) They may also contact the McCue Mortgage Company directly.
Follow the link below for more information regarding the Homebuyer Mortgage Program.
Feel free to contact me if you have questions.
Keller Williams Realty
I'm going to suggest you take a look at homes in and around Carmel Valley (92130). Not only great neighborhoods, but excellent schools as well.
San Diego has many wonderful neighborhoods that are ideal for families, but Carmel Valley is directly East of the Torrey Pines area.
Also close by and a bit less of "tract homes" is Encinitas, Del Mar, Leucadia and Solana Beach. These communities are fantastic, near the coast, excellent schools and a bit more estabilished, older, yet great character.
If you'd like more specific info about these or any other areas, please call or email me.
Keller Williams Realty
We operate a substantial portfolio of rental properties (homes, condos and apartments) in the South County of the San Diego region. Actually, we operate rental properties in 69 zip codes and have done successfully for four decades. Give a call to Chris De Marco or Lucinda Garland at 619-286-7600. Between these two FBS executives is more than 50 years rental ownership experience; all right here in San Diego. More importantly, they are willing to share their expertise. Neil... more
I wish you luck with this question. I suspect you will get as many answers as you have Realtors. When in doubt, I suggest sticking to the basics of real estate. What 'hot' may come and go, I would want a property that has a history of doing well over time.
Start with a great location - something that makes the location golden. For instance, Pacific Beach will always have the ocean and beach lifestyle...and that never goes out of style. Carmel Valley always has its outstanding school system - again that never goes out of vogue.
When I go clothes shopping, I may spend a little money on something fun and funky for a year or two because it's 'in.' Most of my clothes budget however are for long term basics that I know never go out of style.
So too, I suggest that type of approach when choosing a location to buy. Please let em know if I can be of further assistance.... more
You might want to go to www.GreaterGoodRealty.com and click on the icon that says "Search By Building" along the right side of the home page.
This will list every condo downtown and enable you to search for active listings by building.
In addition, there is about 20 videos of various buildings as well as floor plans too.
Any questions, feel free to contact me.
Greater Good Realty
CA DRE#01888818... more
Yes, it should have been disclosed up front that the seller was the listing agent. That said, I would not base a decision about whether I wanted or didn't want the home based on that fact alone.
Review all the disclosures, the status of the property,any inspections you've had and make decisions based on the WHOLE PICTURE instead of jumping to conclusions. From what you've shared, it's hard to know if this was an inadvertent omission or part of an overall pattern of deceit.
Good luck,... more
I am a lender in San Diego. Generally speaking, you are looking at the following time periods:
- Foreclosure 3 years
- Short sale 2 years
- BK 2 years
I'd be happy to help answer any of your questions personally
Sr Loan Officer
National Residential Mortgage
Before you commit to anything I would like to speak with you on Thursday for about 15 minutes. I am a military relocation specialist as I have traveled quite a bit throughout my Naval career and I understand the challenges of PCS moves.
Visit my site, www.militaryhomesinsandiego.com
Keller Williams Realty SD
I agree with the below response. Construction defect lawsuits are incredibly common, particularly with condo conversions - which are prevalent in UTC.
Generally, you can get financing, but need 20% down or more in order to make it work.
The most likely outcome of a lawsuit will be either an increase in HOA fees or an assessment, I've recently looked for condos in UTC and I know the choices are skimpy. If your client is limited financially, then this is a scary outcome.
If your clients able to buy the home comfortably and have enough down payment and cash reserves for contingencies, it might make sense to move forward.... more
You seem to be asking a lot of questions about all cash offers. We have 2 clients who purchase all cash, the "discount" is not what you think. What it allows is a fair market price with a quick close after investigations are complete, no appraisal and peace of mind for the seller because there is no loan involved.
The key phrase in what we said is fair market value. Not full market value perhaps, but a fair price for the property based on condition and comps. There are so many all cash purchasers today that buyers and sellers agents are more savvy in how to handle this type of transaction.
The real answer to your question is a sales price is based on what the market will bear.
Best of luck,
Mark & Kari Shea
Shea Real Estate
Home Sales Specialists; New and Resale Homes
Property Valuation Specialists
Land Sales, Acquisitions & Consulting
Serving Greater San Diego... more
Please review my profile and the 40 year history of FBS . We are one of San Diego's most experienced real estate investors, Our unparalleled rental ownership would seem to match what you have in mind though we utilize fine brokers from different parts of the region to assist our clients once we have agreed on an acquisition strategy. I or another member of my team will walk you through the financial and physical aspects of each specific property. Most important we will manage the property to get the desired results. FBS currently operates rental properties within 69 zip codes throughout the San Diego region making us one of the most prolific rental housing providers in the nation. Why don't you educate yourself a bit by reading our RentSenseBlog.com. Neil... more
There are many items to consider when looking to purchase a home. Condition, location, schools, proximity to grocery stores, banks, public transportation, affordability ect...
Have you been per qualified for a home loan? What terms of financing is most suitable for your particular situation?
If you would like some recommendations on properties that suit your criteria or just an ear to listen to your concerns and questions please don't hesitate to ask I'd love to help your family out.
Prudential Dunn Realtors
DRE LIC 01864661