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Monterey Park : Real Estate Advice

  • All37
  • Local Info0
  • Home Buying12
  • Home Selling0
  • Market Conditions1

Activity 24
Tue May 2, 2017
Xdotxleex asked:
Thu Jun 16, 2016
June Buerkle answered:
The lender is going to ask for at least 3 months of bank statements and ask about all deposits.

Legally, you can not use borrowed money for the down-payment on a mortgage. (Except for 401K loan ... which is technically a loan from yourself)

If the money ages in your account 6 months ... then no questions will likely be asked about it's origin.
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0 votes 1 answer Share Flag
Mon Apr 25, 2016
Guest123 answered:
Monterey Park is one of the top cities for oversea buyers to purchase a home with all cash. Published income for the city is likely not accurate. Low supply, high demand drives up the prices. If you are middle class and able to buy a home in Monterey Park (or any good area within the San Gabriel Valley), consider yourself lucky. ... more
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Fri Apr 10, 2015
Matthew Silva answered:
Hello Mikey,

The best way to find housing trends and what is selling or not selling in the area is to use the "Your Neighborhood" feature on my website

What this will do is show you what is for sale, whats selling and what is not. If you want to stay up to date the system will provide you with monthly or quarterly updates to your local market. You can also check out surrounding areas like Alhambra or Montebello.

Feel free to contact me if you have any other questions.
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Fri Apr 10, 2015
Matthew Silva answered:
I have financing options with no questions asked. As long as you have the down payment, I can get you a loan through one of the many lenders I work with. It's all about the rates and terms that you will feel comfortable with.

The reality is you can not have it all. If you have excellent credit, job history and down payment you will get the best rates and terms.

If you are weak in any of those 3 areas (job history) expect to pay higher rates or be outright denied by most banks.

When working with a professional such as myself expect them to have a number of resources to get a loan. If you are sincere and would like to buy a home, I would be glad to sit down with you and get you in a position to buy the best properties on the market.
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0 votes 2 answers Share Flag
Thu Jun 26, 2014
Kawain Payne answered:
Most lenders will want your short sale to be at least two old.

Best of luck to you!

Kawain Payne, Realtor
0 votes 5 answers Share Flag
Thu Jun 12, 2014
hdebbie80 asked:
Mon Mar 24, 2014
Diana Rosero answered:

I would love to help you! As you can see in my recent sales on my profile, I specialize in short sales and foreclosures. I have a separate sister brokerage dedicated to short sales and foreclosures . We carry inventory from not just my agents, but agents nationwide.

Looking forward to speaking with you,

Diana Rosero
Prime Partners @ Keller Williams Realty
CalBre# 01806901
Direct: 818.859.9930
Fax: 818.301.7488
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0 votes 3 answers Share Flag
Mon Mar 24, 2014
Lanre Folayan answered:
If you are looking for a real estate agent to help you answer your questions in Monterey Park CA,I would be more than happy to help you with that. Please call or text me at 202-378-0283 at your earliest convenience. http:/ ... more
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Mon Feb 3, 2014
Estefaniatarin asked:
We have a one year lease that is expired and now we just have month to month terms. A couple months ago one of my bikes got stolen and in December a second bike got stolen off the property.…
0 votes 0 Answers Share Flag
Thu Jan 2, 2014
Shane Stebner answered:
It's dead simple if you use NoMoreAgent (dotcom). I love their service!
0 votes 11 answers Share Flag
Sat Apr 20, 2013
tenchi answered:
thank you @ Cindy, for your kindly advice. as far as price-wise, i don't feel there's any room to negotiate, every house i am interested in...all had multiple offers (10-15-20's plus offers), my agent told me if anyone who makes more offer than me then that person must be crazy, and yet here i am .....3 months later, still searching..... (and i do make strong offers, $350k cash down, $100k new loan)...perhaps its time for me to find a seller agent who can at least tell me how much to offer and point me at right direction....sigh.. ... more
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Esther Cheng asked:
I have a client wanted to buy a unit in the senior apartment on 120 N. Moore Ave. Monterey Park. Please contact me if you have someone, who want to sell his or her property in this apartment.…
0 votes 0 Answers Share Flag
Sun Mar 17, 2013
Russ Ravary answered:
Sun Mar 17, 2013
Russ Ravary answered:
Keys areshe on the last loan, is it a FHA loan, and is this going to be her primary residence?
0 votes 3 answers Share Flag
Mon Jun 4, 2012
Amber Yu answered:
Great question! We will definitely have to narrow down the locations, budgets and lifestyle.

For example, as actively working in San Gabriel Valley, most of my buyers who are in their 30-50's with kids, budget from 500-800k - school district is usually their primary concern and they do prefer a bigger yard for the kids to play, they will also want an functional/open kitchen and school district is important. Most of them are open to remodeling so they are not picky with amenities.

For the buyers who are young professional or retirees, then they do want a nice remodeled home with nice kitchen, attached garages, convenient location and yard usually is not a concern.

I'll be happy to do a more in depth analysis if you can provide more details. Thanks.
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1 vote 4 answers Share Flag
Thu Dec 1, 2011
It is your loan officer's job to know why this is taking so long. He should be communicating with your escrow officer and the lender's funding department. After signing your closing docs it usually doesn't take more than three days to fund, which would include a final funding audit. Since you loan officer can't, your escrow officer should be able to give you the reason for this delay. Good luck.

Happy funding, Rudi
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0 votes 3 answers Share Flag
Mon Sep 26, 2011
Dorene Slavitz answered:
Dear Cc Wong,

Unless this is a Senior Development or a small property where the owner resides, this practice or restricting children has been illegal for 20 years!

It is illegal for housing developers, landlords, and even homeowners associations to deny housing to families with children or to place unreasonable restrictions on children.

My advice is to read the fair housing laws located on the H.U.D. website at

Best of luck to you!
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