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Brea : Real Estate Advice

  • All88
  • Local Info4
  • Home Buying54
  • Home Selling1
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Activity 95
Thu Feb 16, 2017
Prosper Realty answered:
Try contacting Home Loans For All. We've been sending clients there for over a year now with good success. They essentially have a network of lenders they work with for just about every type of potential home buyers situation. I'll include a link to them.

Best of luck!
... more
1 vote 70 answers Share Flag
Wed Feb 1, 2017
Nicole Fedorchek answered:
The best thing to do is to check with your contractor or the City! Safety first, especially if you are thinking about selling!
0 votes 2 answers Share Flag
Tue Aug 23, 2016
answered:
Sounds like a direct lender, as a broker we are required to use an appraisal management company (amc) What that means if the appraisal was not fair, we can contest it. A direct lender often does not use an amc and you may not contest it. If there was an amc then have your loan officer, prepare comparable and a written request for a correction made to the amc. The amc then will approach the appraiser.
Basically, by law the lender may not talk to the appraiser about it, and with no third party in there, nothing can be done.
For example, on the solar panels, the appraiser assumed they were leased and therefore should hot add value for them. If you paid cash for them, and there was no amc you can not get a correction. On the other hand if they were leased, then the appraiser should not have added value for them.

All you can do is try with a different lender and hope they do not send out the same appraiser.

If you would like, you can give me a call and we can review the value together and see if it makes sense to try again. My phone is 714-968-2500
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0 votes 1 answer Share Flag
Mon Aug 22, 2016
Mfrontino asked:
I put $20,000 of solar panels and 280,000 in site work. Org app shows $385 sq ft new app $145 sq ft garage $100 sq ft new app $35. sq ft Home is now 2 yrs old.
Please give me some directions…
0 votes 0 Answers Share Flag
Thu Aug 4, 2016
answered:
Yes, maybe, try the free legal aid, they are good at that kind of thing. The new owners are being aggressive about getting you out. If you have a valid lease they may need to let the lease run out, or at least give you a 30 day notice.
The old owner probably turned of the utilities if t hey were in his name. Hard to sue the new owners for not putting the utilities in their name.
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0 votes 1 answer Share Flag
Wed Aug 3, 2016
Lashanda Golden asked:
The house has been sold in a sheriff sell. A week ago she has had the utilities shut off. i have children in this house. She has come to the house on numerous occasions and tried to have…
0 votes 0 Answers Share Flag
Fri Jul 22, 2016
answered:
I am guessing you are using the wrong terminology, are you asking if after they have file a foreclosure, can you then do a short sale?

Once the foreclosure is finalized you would no longer have the property to sell as a short sale. But if you are in foreclosure the lender will most definitely consider a short sale.

I hope that answers your question. I worked at a major bank with the "Loss Mitigation Department" for three years. I have a back ground in understanding foreclosure, short sales etc.

I am always willing to help people who are in that situation though I am not a lawyer. Anyone who reads this who needs help is welcome to call me. 714-968-2500
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0 votes 2 answers Share Flag
Thu Jul 21, 2016
S2009 answered:
bribe agent, which bribes the bank. It's real! but don't be fooled by the fact that short sales don't always turn out to be the best deals. I say most don't (in neighborhoods that are in good demand). don't just stick for short sales, better deals to be had in normal sales. ... more
0 votes 11 answers Share Flag
Thu Jul 21, 2016
Walter 'Skip' Kersten answered:
Good morning,
Yes, it is possible to sell the property during the foreclosure process. Depending on the circumstances, the sale may stop the process while the sale is completed. The sale route is often better for everyone including the banks. Please contact me through my profile if you have questions.
Good luck,
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0 votes 1 answer Share Flag
Thu Jun 30, 2016
Sheryl Arndt answered:
Hello Megan, did you get your loan funded? You would qualify for an FHA loan with these types of issues with your job and school history.

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.

It only takes a few dozen questions to qualify and go over your options. 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
Thu Jun 30, 2016
Sheryl Arndt answered:
Hello Monica, did your lender get your loan funded? Do you need advice or assistance?

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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 1 answer Share Flag
Tue Jun 7, 2016
David Alex Wright Team asked:
Tue May 24, 2016
Alexander Greer answered:
Yes you should go do both of those things.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Wed Mar 2, 2016
Bethany Willis answered:
*** I have a question related to this:
I signed a lease with a so-called property manager. Really just a glorified neighbor.
I have not once spoken to the landlord. Who has moved out of state. The bank has come out to the house and said its in foreclosure, and that if they were me they would suggest for my familys sake for me to move out before 2months is up. All of their attempts at contacting her have been null. The mortgage is not being paid for months now, but my rent has. I cannot move without getting my deposit back or not paying rent. Im very anxious as a single mother. I have also received a letter from the home insurance company saying that the insurance hasn't been paid and that in the underlying terms of her mortgage she must pay for home insurance. My lease does not have the landlord's name anywhere on it. Everything was done through this so called property manager. Nothing has been fixed when I have requested. The landlord didn't come down to meet me the week after signing my lease like I was told she would. Im feeling like the whole thing is a big scam. The bank field agents Ive spoken to said they see this all the time.
WHAT DO I DO??
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0 votes 17 answers Share Flag
Fri Feb 26, 2016
Richard Littlefield answered:
When you hand them your qualification letter that says "if you have any questions please call." You pretty much gave them permission to call.

The fact that you have more money, does not give them the right to ask for it. ... more
0 votes 2 answers Share Flag
Fri Dec 18, 2015
Susan Smith answered:
It can be a good thing. You are getting $5000 to upgrade items that you would like and it is increasing the value of your home. Many new home builders give incentives to home buyers at the beginning of a project to " jump start" it or at the end of a project to "close it out" so they can move on to their next development. You will find some builders giving incentives at year end. Good luck! ... more
0 votes 7 answers Share Flag
Tue Oct 13, 2015
Nicole Fedorchek answered:
That depends on a few factors
1- were contigencies removed ?
2- Did the sellers withhold information about the property?
3- What does your contract say?

This question is best directed back to your Realtor!

Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
714-914-5097
realtornicolef@gmail.com
www.nicolefedorchek.com
DRE01920370
... more
0 votes 4 answers Share Flag
Wed Sep 30, 2015
Nicole Fedorchek answered:
Awesome! Thank you for your service to our country! The first step is to get pre-approved with a lender, to find out how much you can qualify for. Then you should begin to work with a Realtor (me!) to find the right home!
Please let me know if you need a referral to a lender!

Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
714-914-5097
realtornicolef@gmail.com
www.nicolefedorchek.com
DRE 01920370
... more
0 votes 5 answers Share Flag
Tue Aug 18, 2015
answered:
Now there is a question as to where you are. It says Brea and Hanover PA. If Brea you may not get a USDA loan as the whole city is ineligible. Most of Hanover PA is not eligible either. As far as having a well under the house, I am not sure that is problem. To find more out about USDA loans go to :

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

USDA that I have done required a septic and well inspection. Watch out they have drastically lowered the loan amounts on these as well.
... more
0 votes 2 answers Share Flag
Wed Aug 5, 2015
Trisha Samseli answered:
I went to CBI in Canoga Park. LOVED IT! If you are in the area, definitely check it out. Armando Oliva is the instructor and he keeps it interesting. Otherwise, the material is dry.
0 votes 2 answers Share Flag
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