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Home Buying in Redlands : Real Estate Advice

  • All91
  • Local Info7
  • Home Buying29
  • Home Selling4
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Activity 35
Mon Oct 17, 2016
Alexander Greer answered:
Why is it that you are looking for those two. By only looking for those two you have seriously limited your prospects in a sellers market. I don't think you are going to find any. It would be better to fix why you can't get a purchase loan. If it is because of credit score, Our VA and FHA programs go down to 550 credit scores. Both programs are great with interest rates lower then conventional loans.

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Sun Aug 21, 2016
Startbyservingothers answered:
If you make lots of money then pay cash. You've proven that you're a poor credit risk. The bank doesn't care how much money you make. If they will lend you the money it will be a bad deal. - Rent until you can get your finances and credit under control. When you can save 75% of your income for 12 months strait then you should be ready to begin carefully researching potential purchases. ... more
0 votes 5 answers Share Flag
Mon Feb 29, 2016
Cary Chan answered:
Nobody has said anything about Planning, Code Enforcement, Tax and insurance regulations. On a bad day if someone complains to Planning, Code Enforcement can come out and inspect the property. IF violations are found, the homeowner is on the hook for the cost of compliance. Also, the insurance company usually only covers what is on public record. If something catastrophic happens to the property, insurance will not cover the improvements and SQFT that are not on record. Last there is the possibility of the tax man. Your property tax is based on whats on record. If the addition is permitted, it becomes Public Record and usually your property tax will increase. So technically they can get ya for back tax's on the property and also for unreported income if you've created a illegal rental unit. I've only seen this happen once, in one county is California. They went after the owner, who was doing this for years. When it was all said and done, they took the property because the owner could not pay the fines, penalties and interest. I KNOW THIS HAS NOTHING TO DO WITH FHA APPROVAL BUT IT HAS BEARING ON the topic of UN-permitted work ... more
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Wed Jul 22, 2015
Sheryl Arndt answered:
Hello Kimberly, If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare.

You will need to be pre-approved if you decide to buy and to be able to meet an agent to view and submit offers on any homes of your choice. 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 also try http://www.Realtor.com site as well.

The purchase in Redlands start from 119k for 1bd 1ba condo, 179k for 3bd 2.5ba condo and the single family homes start from 209k for 3bd 1ba home which is as low as $1,050 down payment with a minimum 640 fico score @209k.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

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

If my response was helpful, consider clicking Thank, Link or Best Answer.
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Fri Jun 12, 2015
Nora Moore answered:
The cost of your utilities will vary depending on a lot of factors. Your insulation will have a large effect on your heating and cooling costs. The average temperature you keep your house will also be a big factor. It all depends. http://oreillybrothers.com/portfolio-view/insulation-services/ ... more
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Tue Jul 29, 2014
Garrigus Real Estate answered:
We are investor friendly agents and have several investor clients that do flips, acquisition purchases and rentals. The determination of a low offer we would have to discuss further. We can assist in guiding you to offer what will inevitably get your offer selected. To further discuss please feel free to contact us. ... more
0 votes 8 answers Share Flag
Wed Sep 25, 2013
Jack Krauser answered:
Location: Hollywood, FL
Price: $39,000
1 bed/1 Bath 275 Sqft
Condominium/Residential
Video of Condominium: http://youtu.be/2p0sh7Rig3U, http://youtu.be/bQ7Av0hnvH4
Call Owner: Jack Krauser 305-316-0614

Detail: Hollywood beach resort studio condo for sale. 300 sqft, 1 bath 1 bed. Refrigerator and microwave avialable. This is a small studio unit at the Hollywood beach resort hotel on the beach and boardwalk. Condo association is $575 a month and this includes water, light, and off street parking. Amenities include gym, swimming pool, restaurant and small shopping center. Twenty four hour private security. This unit has no rental restrictions you can rent it out whenever you choose. Studio can be rented out for $2000 a month during busy season. Owner is only seeking cash buyers, If you want to see more views of the resort go to www.hollywoodbeachresort.com.
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0 votes 2 answers Share Flag
Wed Sep 25, 2013
Alex Greer answered:
The property is still avaliable. The only way your offer would be remotely considered is if you are pre-approved. Have you been pre-approved?
0 votes 5 answers Share Flag
Tue Aug 27, 2013
John Arendsen answered:
It just may be that lee desires to purchase a Manufacture Home instead of a common walled condo and/or town home.
0 votes 9 answers Share Flag
Tue Aug 6, 2013
answered:
Well they could stay for a while if they file chapter 13. BofA does have some sort of rent back program, Or at least they did at one time, I would call them and ask them.
0 votes 5 answers Share Flag
Thu Jun 27, 2013
Nettie McHenry answered:
I am an REO agent in the area and agree with James below. The banks addendums that you sign have ways for them to cancel the contract. Many banks will fix the damage if properly submitted. The listing agent, who should be doing weekly checks and taking photos of the property, should have sent all the information to the Asset manager along with the damage as well as a police report for damage and vandalism. If the damage is so extensive and repairs are beyond what the investor is willing to repair then I see them wanting to cancel or reduce the price of the property substantially. If they reduce the price you may then obtain the 203k loan and repair the property back to what you want the home to be.

At the end of the day the bank/investor does not want to keep the house, they want to sell it. They also do not want to take more loss than they already have in the FC. Unfortunately the home was vandalized and makes it a troublesome escrow.

I hope it all works out for you and the information you received has been helpful.
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0 votes 9 answers Share Flag
Mon Apr 1, 2013
Kawain Payne answered:
As a first time buyer, you will be well served to have a termite inspection a s well as a property inspection.

If the terms and conditions being set forth by the seller sound too one sided, WALK away.

A real estate transaction should NOT be so one sided. Buyer and seller need to feel they have both gained something valuable from the transaction. If you feel the seller is holding all the cards, and calling all the shots, this may not be the right deal for you.

Best of luck to you
Kawain Payne, Realtor
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0 votes 6 answers Share Flag
Fri Feb 22, 2013
Shannon Sherman answered:
Your best bet is to contact the listing agent. Here is thier contact information:


Agent:


Diana Varner

.

Broker:


CENTURY 21 Showcase

7835 Church Street, Highland, CA, 92346

(909) 864-2121
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Sat Feb 9, 2013
. answered:
Hello again,

I hope the answer I gave you, on the other question you posted, will help you. It is always best to get this straightened out before you purchase. Otherwise, you will have to take care of it later and it may create other issues.

Please keep me posted on how things are going
... more
0 votes 3 answers Share Flag
Sat Feb 9, 2013
. answered:
You should contact an Attorney or Legal Aid. They will be able to help you with the appropriate direction. If the title is clean on your property, it will always be easier when you go to purchase. Also, if you are not legally divorced, you will be holding title as "A Married Woman" which would just be another thing you would have to straighten out later on.

Please feel free to call me if you have other questions.
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Fri Feb 8, 2013
Shane Milne answered:
Why were you told you needed a quit claim deed? What are you looking to do?

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
0 votes 1 answer Share Flag
Mon Dec 31, 2012
Amy A. Anderson answered:
Your tax professional will be the most important in answering this question.
0 votes 3 answers Share Flag
Tue Nov 20, 2012
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
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0 votes 2 answers Share Flag
Sat Nov 17, 2012
JIM BALLARD answered:
Currently FHA will allow you to get financing 2 years after discharge. However, if you have a foreclosure, you will need to wait 3 years. I can get you hard money loans the day after a discharge, but they are very expensive. ... more
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Sat Nov 3, 2012
Garrigus Real Estate answered:
Sellers are obviously looking to maximize the dollar amount they can receive for the home. With a cash offer an advantage maybe offering a quick escrow as well. No one wants to waste their time, a lower than list price offer is not always offensive but can be if the offer is just way out of the range of what is considered "fair market value". It really needs to be determined by property. We can help advise on purchase prices to offer. Please feel free to contact us anytime. ... more
0 votes 9 answers Share Flag
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