Riverside : Questions & Answers

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Walter 'Skip'…, Real Estate Pro in 92870
Walter 'Skip' Kersten answered:
Is it cheaper monthly to buy or rent a home in the inland empire?
Hi Mike,
There is no simple answer. It will depend on a number of factors including the size and type of the property, the amount of the loan after your downpayment , the favorable ... more
0 votes Share Flag Thu Mar 1, 2012 Home Buying in Riverside
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
Can a property in a Living Trust with only one beneficiary, who is abroad, can be sold using a Power of Attorney?
Stop wasting time looking for answers online. Go see a real estate attorney today.

Based only on the information you've given, the Seller has clearly has fault though perhaps n ... more
0 votes Share Flag Thu Dec 1, 2011 Home Buying in Riverside
Brad Yzermans, Real Estate Pro in Temecula, CA
Brad Yzermans answered:
Hi, I am seeing a lot of conflicting information.
I'm not real sure how long a Died in Lieu stays o credit....probably at least 7 to 10 like all the other major derogs.

FHA will require a 3 year waiting period to purchase again ... more
0 votes Share Flag Tue Jun 5, 2012 Financing in Riverside
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Can a short sale seller cancel the sale after lender has approved, offer is accpeted and escrow is open? (buyer has given deposit to escrow)
Why would you want to?
Please don't tell me you changed your mind!

If you have a serious problem, such as sickness, loss of job, etc., excplain that to the Buyer's Agent a ... more
0 votes Share Flag Wed May 16, 2012 Home Selling in Riverside
Louann & Ran…, Real Estate Pro in Riverside, CA
Louann & Randy Niehaus answered:
Are there any good areas of Riverside where a lot of young professionals live?
Riverwalk. A planned community near La Sierra University. Near the 91 - 15 interchange.
0 votes Share Flag Thu Sep 26, 2013 Home Buying in Riverside
Voices Member,  in
Voices Member answered:
What are the best areas of Riverside, CA for young professionals?
I just realized I worded my question wrong... Riverside is one of several cities I have the option of moving to for work. I haven't made a decision yet. I plan to visit 2-3 citi ... more
0 votes Share Flag Thu Feb 2, 2012 Home Buying in Riverside
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
Is purchasing a forclosed home more difficult than a regular home purchase?
If the home is significantly less in price than it's non foreclosure counterpart, there's a good chance that it needs work. If Homes in your area are selling for $100,000 and ... more
0 votes Share Flag Mon Aug 29, 2011 In My Neighborhood in Canyon Crest
Allan Erps, Real Estate Pro in 10989
Allan Erps answered:
I read in Newsweek to start with a bid to buy a home 14% less than comps and the bank will usually come back at 7% counter as a final offer?
For some journalist to write that as some type of rule is not really judicious either. There is no reason you cannot start your offer low but try to use some existing comps in your calc ... more
0 votes Share Flag Mon May 12, 2014 Home Buying in 92508
Bob Wasson, Real Estate Pro in Riverside, CA
Bob Wasson answered:
how do i know if my home was sold at an auction?
Normally, the day of or day after a home is sold at the trustee sale, someone will post or serve a notice that it has been sold that indicates who purchased it and gives you their conta ... more
0 votes Share Flag Fri Apr 13, 2012 Foreclosure in 92504
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Short sale timeline advice
Good news/bad news.

Good news: It sounds as if you're doing everything right.

Bad news: Your agent and the seller's agent are also right: You just have to wait.

I ... more
0 votes Share Flag Fri Dec 2, 2011 Home Buying in Riverside
Karen L Whit…, Real Estate Pro in Riverside, CA
Karen L Whitman answered:
I have a 2 yr lease, but the home is now foreclosed. Will Fannie Mae give us the renters a chance to buy the home before listing the home for sale.?
When the home forecloses the lease is void, but they may let you rent, but the home will have to be marketed to the public and you can make an offer. An agent who represents Fannie Ma ... more
0 votes Share Flag Sun Aug 12, 2012 Foreclosure in 92508
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
Homepath Listing Agent refuses to submit my offer to Fannie Mae. PLEASE HELP!
Are you sure they are unwilling to submit your offer? My understanding is that all offers are to be submitted. Did you get a pre-approval from one of the approved HomePath Lenders? I ... more
0 votes Share Flag Thu Jun 2, 2011 Home Buying in 92501
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
loan value 384,000 - appraisal 170,000 - monthly 3,400 can ANYONE in the entire USofA refi for under 2,000 a month NATION WIDE ANYONE???????
No not if your tax escrow is in that number, you are right on target!
0 votes Share Flag Thu Aug 15, 2013 Financing in 92506
Brian Rayl, Real Estate Pro in Frisco, TX
Brian Rayl answered:
looking to get down payment assistance with nshp or nsp. credit is 585 due but at 350k,000 my dti would be 32% front end/no back end
If you have the ability, offer to repay the past due debt in full in exchange for an agreement to have the hit to your credit report removed. That would be a first step that I would tak ... more
0 votes Share Flag Fri Aug 5, 2011 Financing in Riverside
Brian Flock,…, Real Estate Pro in Carlsbad, CA
Brian Flock, MBA answered:
cash for keys for owner?
It is very common for the lenders "REO" real estate agent to offer some sort of cash for keys. Be sure to check for notices and make immediate contact with the real estate age ... more
0 votes Share Flag Tue Oct 16, 2012 Foreclosure in Riverside
Sharon E. Sm…, Real Estate Pro in Atlanta, GA
Sharon E. Smoot answered:
discloser of contaminated property
Hi Daveg,

You must disclose everything you know about the property, including cement dust contamination. If you fail to disclose all conditions about the property of which you are a ... more
0 votes Share Flag Tue May 15, 2012 Home Selling in Riverside
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Are there any tax issues with selling after a year?
You can't write off the capital gains, if there are any after computing your basis, unless you lived in the house 2 of the last 5 years. You will have to pay tax on any gain you ma ... more
0 votes Share Flag Sat Apr 2, 2011 Home Selling in Riverside
Kevin Allen, Real Estate Pro in Riverside, CA
Kevin Allen answered:
are there any HOA fees ??
Donna,

Much of Orangecrest has no HOA fees. Other communities start as low as around $35/month and go as high as around $200/month (Rancho Valencia).

Another equally, if not more ... more
0 votes Share Flag Mon Mar 14, 2011 In My Neighborhood in Orangecrest
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Home in the IE the add says assume the loan no credit check must have a job pymts around 2000 month you take care of taxs, insurance. Fran
Without looking at what you are, it is tough to answer, with an assumable mortgage, there is quailifying , where you must quailify as any mortgage or non quailifying where you pay a fee ... more
0 votes Share Flag Wed Mar 16, 2011 Home Buying in Riverside
Jane Grant, Real Estate Pro in Temecula, CA
Jane Grant answered:
To all the agents who took time in giving me the advice that you all gave i did all research i needed and at the very end of my 5 min was given 5 mos:
Mrs. Medina: I am very happy that you found advice that helped you here on Trulia.

The best compliment is that you passed the page along to others in your situation and you, " ... more
0 votes Share Flag Thu Feb 10, 2011 Foreclosure in Riverside
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