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Wilmington : Real Estate Advice

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  • Local Info2
  • Home Buying3
  • Home Selling1
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Activity 13
Sun May 7, 2017
Wilmingtonplace asked:
Sun May 7, 2017
Wilmingtonplace asked:
149500, should be, 1595 only
0 votes 0 Answers Share Flag
Mon Jun 6, 2016
answered:
You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

You only have to be 18 years of age and you may qualify FHA with NO FICO scores as well with alternative credit such as utilities, car insurance, day care, furniture payment, cell phone, rent, etc.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 5 answers Share Flag
Wed Jun 4, 2014
Alex Montelongo Real Estate Group answered:
If the appraisal that was done was from a bank, I am sure that there was no influence by the buyer when determining the value. The bank wants to estimate the value for the protection of the loan and the asset not necessarily to satisfy the buyer or to take advantage of any seller. You of course are welcome to pay for your own appraisal but remember both appraisers could potentially come up with slightly different numbers. They may be very close but not right on. Have you had an opportunity to review the original appraisal with your own eyes? By doing that you may understand how they determined the value based on recent sales of like kind property.

I hope this helps.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
-
... more
0 votes 6 answers Share Flag
Wed Jun 4, 2014
Alex Montelongo Real Estate Group answered:
I am not sure what you are asking. What do you ant them to help you with? The cost of repairs? If the house is too much for you to take on, I suggest you find a different house, not a different agent. I hope that you are not expecting the agent to pay for some of these repairs. Buying this house is your choice and any repairs or improvements are your responsibility. ... more
0 votes 8 answers Share Flag
Wed Jun 4, 2014
Alex Montelongo Real Estate Group answered:
This question is probably best answered by addressing the city directly. I personally have not seen a legal garage conversion to a bedroom in a long time. I have seen it done out of necessity without permit but it is usually torn down or converted back to a garage when the property is sold.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
-
... more
0 votes 6 answers Share Flag
Mon Jun 2, 2014
Alex Montelongo Real Estate Group answered:
I am not sure about that statement but here is a website that may help you determine if Wilmington, Ca is a high crime area or not.

http://spotcrime.com/ca/los+angeles/wilmington


Best of luck,


Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRe Lic # 01456982
... more
0 votes 6 answers Share Flag
Tue Sep 7, 2010
Jeff Hansen answered:
Well Bill, who says: Brian, please use the link below before choosing a lender. It's important to know what others have dealt with when doing a mortgage. Not all responses relate to the office you will be dealing with but it's still good to know what you might be getting into.

Web Reference: http://www.complaintsboard.com/'

Seems to have forgotten to put his company information in his profile so one can check him out. That sort of makes you a little chicken s##t to post a link to check out others without having any of your own info scrutinized. What exactly are you hiding?
... more
0 votes 6 answers Share Flag
Sun Sep 5, 2010
answered:
If your duplex sits on one lot, then it's considered one property. Therefore, you own half of the lot. The only way you can get equity out is to have the other parties agree to quit claim the title to you, you refinance it, take equity out of it and then stick them back on (if you have to) or buy them out of their equity.

Financing is not done on the structure itself (unless it's a condo), it's done on the property that it sits on. It's like a house sitting on a lot with an attached garage. You can't sell the garage without the house. It's all or nothing.
... more
0 votes 2 answers Share Flag
Thu Mar 26, 2009
Dyanna answered:
Allida if you want to change your agent, you can. Did you sign a contract with them? Did the contract state that you would only buy from that agent. If you didn't then you have all the right to change your agent and find one that knows what they are doing. If you need to ask me any questions please feel free to call me 323.359.7992 or e-mail me dyannaavila@hotmail.com

Good Luck,
Dyanna
... more
0 votes 5 answers Share Flag
Sun Oct 5, 2008
Dyanna answered:
Hello Sandra. Legally you can not remove items from the home if they are considered fixtures. Now you mention that you are going to replace them, legally the property is yours until the bank takes it back, so if you wanted to replace them its up to you.

But I agree with the previous entry, you should at least try to short sale the property or work something out with the bank. If you have any questions please let me know.

Good Luck!
Dyanna
... more
1 vote 2 answers Share Flag
Sun Jun 8, 2008
Mellissa Young-Ramirez answered:
Humberto I gave you statistical info., but not a clear answer to your question. In my opinion and experience, YES Wilmington, like many other cities & communities, is in the middle of a declining market. But realistically, when you look at a 10 or 20yr timeline, you can see values are just going back to normal or where they would have been anyway if values had not skyrocketed back in 2004-05 ... more
1 vote 4 answers Share Flag
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